Lima Foxtrot: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Lima Foxtrot
Largest movements
- Cash -€77,606
down €77,606 (-57.7%), from €134,486 to €56,880
mainly Contributions, distributions and other (-€153,704) and Other debts (-€61,571)
- Receivables within one year +€40,663
up €40,663 (+219%), from €18,549 to €59,212
of which Trade receivables: +€34,334
- Receivables after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Deferred charges and accrued income -€3,173
down €3,173 (-57.3%), from €5,539 to €2,366
- Other debts -€61,571
down €61,571 (-62.9%), from €97,835 to €36,264
- Reserves -€18,316
down €18,316 (-22.0%), from €83,352 to €65,036
- Tax, wage and social debts -€2,289
down €2,289 (-28.1%), from €8,143 to €5,853
- Gross operating margin +€53,454
up €53,454 (+43.0%), from €124,441 to €177,895
- Taxes +€12,666
up €12,666 (+45.0%), from €28,139 to €40,804
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,519 | €120,092 | -€80,427 | -40.1% |
| Fixed assets | 21/28 | €1,946 | €1,634 | -€312 | -16.0% |
| Tangible fixed assets | 22/27 | €1,946 | €1,634 | -€312 | -16.0% |
| Other tangible fixed assets | 26 | €1,946 | €1,634 | -€312 | -16.0% |
| Current assets | 29/58 | €198,574 | €118,458 | -€80,116 | -40.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts receivable | 291 | €40,000 | €0 | -€40,000 | -100% |
| Amounts receivable within one year | 40/41 | €18,549 | €59,212 | +€40,663 | +219% |
| Trade receivables | 40 | €18,549 | €52,882 | +€34,334 | +185% |
| Other amounts receivable | 41 | - | €6,330 | +€6,330 | |
| Cash at bank and in hand | 54/58 | €134,486 | €56,880 | -€77,606 | -57.7% |
| Deferred charges and accrued income | 490/1 | €5,539 | €2,366 | -€3,173 | -57.3% |
| Total equity and liabilities | 10/49 | €200,519 | €120,092 | -€80,427 | -40.1% |
| Equity | 10/15 | €93,352 | €75,036 | -€18,316 | -19.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €83,352 | €65,036 | -€18,316 | -22.0% |
| Distributable reserves | 133 | €83,352 | €65,036 | -€18,316 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,167 | €45,056 | -€62,111 | -58.0% |
| Amounts payable within one year | 42/48 | €107,167 | €45,056 | -€62,111 | -58.0% |
| Trade debts | 44 | €1,189 | €2,939 | +€1,750 | +147% |
| Suppliers | 440/4 | €1,189 | €2,939 | +€1,750 | +147% |
| Taxes, remuneration and social security | 45 | €8,143 | €5,853 | -€2,289 | -28.1% |
| Taxes | 450/3 | €8,143 | €5,853 | -€2,289 | -28.1% |
| Other amounts payable | 47/48 | €97,835 | €36,264 | -€61,571 | -62.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €312 | = | 0.0% |
| Other operating charges | 640/8 | €1,124 | €888 | -€236 | -21.0% |
| Gross operating margin | 9900 | €124,441 | €177,895 | +€53,454 | +43.0% |
| Operating profit (loss) | 9901 | €123,006 | €176,695 | +€53,689 | +43.6% |
| Financial income | 75/76B | €1,286 | €541 | -€745 | -57.9% |
| Recurring financial income | 75 | €1,286 | €541 | -€745 | -57.9% |
| Financial charges | 65/66B | €1,398 | €1,045 | -€353 | -25.3% |
| Recurring financial charges | 65 | €1,398 | €1,045 | -€353 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €122,895 | €176,192 | +€53,297 | +43.4% |
| Income taxes | 67/77 | €28,139 | €40,804 | +€12,666 | +45.0% |
| Profit (loss) for the period | 9904 | €94,756 | €135,388 | +€40,632 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €94,756 | €135,388 | +€40,632 | +42.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.