LIMACS: 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.
LIMACS
Largest movements
- Cash +€66,470
up €66,470 (+45.8%), from €145,120 to €211,590
mainly Net result for the year (+€75,957) and Depreciation (+€23,770)
- Tangible fixed assets -€23,770
down €23,770 (-53.7%), from €44,243 to €20,472
of which Furniture and vehicles: -€21,855
- Current investments -€9,974
down €9,974 (-24.0%), from €41,585 to €31,612
- Receivables within one year +€3,745
up €3,745 (+13.5%), from €27,835 to €31,580
of which Other amounts receivable: +€4,805
- Reserves +€40,060
up €40,060 (+20.1%), from €199,658 to €239,718
- Gross operating margin +€65,080
up €65,080 (+98.7%), from €65,913 to €130,993
- Taxes +€18,459
up €18,459 (+167.3%), from €11,037 to €29,496
- Financial charges -€5,947
down €5,947 (-87.3%), from €6,814 to €867
- Financial income -€2,657
down €2,657 (-95.3%), from €2,788 to €130
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 | €258,788 | €295,757 | +€36,969 | +14.3% |
| Fixed assets | 21/28 | €44,248 | €20,477 | -€23,770 | -53.7% |
| Tangible fixed assets | 22/27 | €44,243 | €20,472 | -€23,770 | -53.7% |
| Plant, machinery and equipment | 23 | €12,182 | €10,266 | -€1,916 | -15.7% |
| Furniture and vehicles | 24 | €32,061 | €10,206 | -€21,855 | -68.2% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €214,540 | €275,280 | +€60,739 | +28.3% |
| Amounts receivable within one year | 40/41 | €27,835 | €31,580 | +€3,745 | +13.5% |
| Trade receivables | 40 | €23,445 | €22,385 | -€1,060 | -4.5% |
| Other amounts receivable | 41 | €4,390 | €9,195 | +€4,805 | +109.4% |
| Current investments | 50/53 | €41,585 | €31,612 | -€9,974 | -24.0% |
| Cash at bank and in hand | 54/58 | €145,120 | €211,590 | +€66,470 | +45.8% |
| Deferred charges and accrued income | 490/1 | - | €498 | +€498 | |
| Total equity and liabilities | 10/49 | €258,788 | €295,757 | +€36,969 | +14.3% |
| Equity | 10/15 | €221,408 | €261,468 | +€40,060 | +18.1% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €199,658 | €239,718 | +€40,060 | +20.1% |
| Distributable reserves | 133 | €199,658 | €239,718 | +€40,060 | +20.1% |
| Profit (loss) carried forward | 14 | €7,550 | €7,550 | = | 0.0% |
| Amounts payable | 17/49 | €37,380 | €34,289 | -€3,091 | -8.3% |
| Amounts payable within one year | 42/48 | €36,645 | €34,222 | -€2,422 | -6.6% |
| Trade debts | 44 | €1,336 | €362 | -€975 | -72.9% |
| Suppliers | 440/4 | €1,336 | €362 | -€975 | -72.9% |
| Taxes, remuneration and social security | 45 | €35,309 | €33,861 | -€1,448 | -4.1% |
| Taxes | 450/3 | €35,309 | €33,861 | -€1,448 | -4.1% |
| Accrued charges and deferred income | 492/3 | €735 | €67 | -€668 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,523 | €23,770 | -€752 | -3.1% |
| Other operating charges | 640/8 | €1,192 | €1,033 | -€159 | -13.4% |
| Gross operating margin | 9900 | €65,913 | €130,993 | +€65,080 | +98.7% |
| Operating profit (loss) | 9901 | €40,199 | €106,190 | +€65,991 | +164.2% |
| Financial income | 75/76B | €2,788 | €130 | -€2,657 | -95.3% |
| Recurring financial income | 75 | €2,788 | €130 | -€2,657 | -95.3% |
| Financial charges | 65/66B | €6,814 | €867 | -€5,947 | -87.3% |
| Recurring financial charges | 65 | €6,814 | €867 | -€5,947 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €36,172 | €105,454 | +€69,281 | +191.5% |
| Income taxes | 67/77 | €11,037 | €29,496 | +€18,459 | +167.3% |
| Profit (loss) for the period | 9904 | €25,136 | €75,957 | +€50,822 | +202.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,136 | €75,957 | +€50,822 | +202.2% |
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 3 October 2026 via checked.be.