LIMA PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Tangible fixed assets -€273,298
down €273,298 (-13.8%), from €2.0m to €1.7m
of which Land and buildings: -€242,345
- Cash +€95,961
up €95,961 (+28.3%), from €339,326 to €435,286
mainly Depreciation (+€284,075) and Net result for the year (+€257,620)
- Receivables within one year -€27,716
down €27,716 (-14.1%), from €196,664 to €168,948
of which Trade receivables: -€27,624
- Debts after one year -€446,407
down €446,407 (-45.6%), from €978,172 to €531,765
of which Financial debts: -€296,407
- Profit (loss) carried forward +€253,912
up €253,912 (+31.4%), from €808,540 to €1.1m
- Trade debts -€43,408
down €43,408 (-55.0%), from €78,884 to €35,475
- Gross operating margin +€34,102
up €34,102 (+4.1%), from €839,580 to €873,682
- Depreciation -€25,449
down €25,449 (-8.2%), from €309,524 to €284,075
- Staff costs +€19,542
up €19,542 (+11.9%), from €164,471 to €184,013
- Financial charges -€15,983
down €15,983 (-29.1%), from €55,013 to €39,030
- Taxes +€14,383
up €14,383 (+21.8%), from €65,937 to €80,320
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.
Cash bridge derived
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 | €2,567,186 | €2,338,074 | -€229,112 | -8.9% |
| Fixed assets | 21/28 | €1,986,567 | €1,712,816 | -€273,750 | -13.8% |
| Intangible fixed assets | 21 | €452 | €0 | -€452 | -100.0% |
| Tangible fixed assets | 22/27 | €1,985,864 | €1,712,566 | -€273,298 | -13.8% |
| Land and buildings | 22 | €1,915,499 | €1,673,155 | -€242,345 | -12.7% |
| Furniture and vehicles | 24 | €70,365 | €39,411 | -€30,954 | -44.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €580,620 | €625,258 | +€44,638 | +7.7% |
| Amounts receivable within one year | 40/41 | €196,664 | €168,948 | -€27,716 | -14.1% |
| Trade receivables | 40 | €180,509 | €152,885 | -€27,624 | -15.3% |
| Other amounts receivable | 41 | €16,155 | €16,063 | -€92 | -0.6% |
| Cash at bank and in hand | 54/58 | €339,326 | €435,286 | +€95,961 | +28.3% |
| Deferred charges and accrued income | 490/1 | €44,631 | €21,024 | -€23,606 | -52.9% |
| Total equity and liabilities | 10/49 | €2,567,186 | €2,338,074 | -€229,112 | -8.9% |
| Equity | 10/15 | €1,133,317 | €1,362,267 | +€228,949 | +20.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €42,058 | €42,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,995 | €2,995 | = | 0.0% |
| Distributable reserves | 133 | €29,063 | €29,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €808,540 | €1,062,452 | +€253,912 | +31.4% |
| Investment grants | 15 | €182,718 | €157,756 | -€24,962 | -13.7% |
| Amounts payable | 17/49 | €1,433,869 | €975,808 | -€458,062 | -31.9% |
| Amounts payable after more than one year | 17 | €978,172 | €531,765 | -€446,407 | -45.6% |
| Financial debts | 170/4 | €638,172 | €341,765 | -€296,407 | -46.4% |
| Other amounts payable | 178/9 | €340,000 | €190,000 | -€150,000 | -44.1% |
| Amounts payable within one year | 42/48 | €454,764 | €443,348 | -€11,416 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €301,721 | €302,578 | +€857 | +0.3% |
| Trade debts | 44 | €78,884 | €35,475 | -€43,408 | -55.0% |
| Suppliers | 440/4 | €78,884 | €35,475 | -€43,408 | -55.0% |
| Taxes, remuneration and social security | 45 | €30,006 | €41,917 | +€11,911 | +39.7% |
| Taxes | 450/3 | €9,295 | €11,851 | +€2,556 | +27.5% |
| Remuneration and social security | 454/9 | €20,712 | €30,066 | +€9,355 | +45.2% |
| Other amounts payable | 47/48 | €44,153 | €63,378 | +€19,225 | +43.5% |
| Accrued charges and deferred income | 492/3 | €933 | €694 | -€239 | -25.6% |
| Non-recurring operating income | 76A | €116 | €1,564 | +€1,449 | +1249.7% |
| Remuneration, social security and pensions | 62 | €164,471 | €184,013 | +€19,542 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,524 | €284,075 | -€25,449 | -8.2% |
| Other operating charges | 640/8 | €51,743 | €53,071 | +€1,328 | +2.6% |
| Non-recurring operating charges | 66A | €1,487 | €515 | -€972 | -65.4% |
| Gross operating margin | 9900 | €839,580 | €873,682 | +€34,102 | +4.1% |
| Operating profit (loss) | 9901 | €312,355 | €352,008 | +€39,653 | +12.7% |
| Financial income | 75/76B | €24,962 | €24,962 | -€0 | 0.0% |
| Recurring financial income | 75 | €24,962 | €24,962 | -€0 | 0.0% |
| Financial charges | 65/66B | €55,013 | €39,030 | -€15,983 | -29.1% |
| Recurring financial charges | 65 | €55,013 | €39,030 | -€15,983 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €282,305 | €337,941 | +€55,636 | +19.7% |
| Income taxes | 67/77 | €65,937 | €80,320 | +€14,383 | +21.8% |
| Profit (loss) for the period | 9904 | €216,368 | €257,620 | +€41,253 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €216,368 | €257,620 | +€41,253 | +19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.