LIMAFIN: 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.
LIMAFIN
Largest movements
- Receivables within one year +€26,199
up €26,199 (+86.0%), from €30,453 to €56,652
of which Trade receivables: +€15,257
- Cash -€6,952
down €6,952 (-1.8%), from €381,509 to €374,557
mainly Receivables within one year (-€26,199) and Investment in fixed assets (net) (-€5,710)
- Reserves +€17,427
up €17,427 (+4.3%), from €407,578 to €425,005
of which Distributable reserves: +€17,427
- Gross operating margin -€72,992
down €72,992 (-70.8%), from €103,151 to €30,158
- Taxes -€20,412
down €20,412 (-71.9%), from €28,378 to €7,967
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 | €431,881 | €455,637 | +€23,756 | +5.5% |
| Fixed assets | 21/28 | €2,364 | €6,378 | +€4,015 | +169.9% |
| Tangible fixed assets | 22/27 | €2,314 | €6,329 | +€4,015 | +173.5% |
| Furniture and vehicles | 24 | €2,314 | €6,329 | +€4,015 | +173.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €429,518 | €449,258 | +€19,741 | +4.6% |
| Stocks and contracts in progress | 3 | €17,346 | €17,346 | = | 0.0% |
| Stocks | 30/36 | €17,346 | €17,346 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,453 | €56,652 | +€26,199 | +86.0% |
| Trade receivables | 40 | €19,362 | €34,618 | +€15,257 | +78.8% |
| Other amounts receivable | 41 | €11,091 | €22,033 | +€10,943 | +98.7% |
| Cash at bank and in hand | 54/58 | €381,509 | €374,557 | -€6,952 | -1.8% |
| Deferred charges and accrued income | 490/1 | €210 | €703 | +€493 | +235.0% |
| Total equity and liabilities | 10/49 | €431,881 | €455,637 | +€23,756 | +5.5% |
| Equity | 10/15 | €413,775 | €431,203 | +€17,427 | +4.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €407,578 | €425,005 | +€17,427 | +4.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €405,719 | €423,146 | +€17,427 | +4.3% |
| Amounts payable | 17/49 | €18,106 | €24,434 | +€6,328 | +35.0% |
| Amounts payable within one year | 42/48 | €18,106 | €24,434 | +€6,328 | +35.0% |
| Trade debts | 44 | €2,552 | €3,023 | +€472 | +18.5% |
| Suppliers | 440/4 | €2,552 | €3,023 | +€472 | +18.5% |
| Taxes, remuneration and social security | 45 | €10,573 | €12,918 | +€2,345 | +22.2% |
| Taxes | 450/3 | €7,706 | €10,035 | +€2,328 | +30.2% |
| Remuneration and social security | 454/9 | €2,867 | €2,883 | +€16 | +0.6% |
| Other amounts payable | 47/48 | €4,981 | €8,493 | +€3,512 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | €1,695 | -€6 | -0.3% |
| Other operating charges | 640/8 | €1,028 | €1,054 | +€26 | +2.5% |
| Non-recurring operating charges | 66A | - | €1,884 | +€1,884 | |
| Gross operating margin | 9900 | €103,151 | €30,158 | -€72,992 | -70.8% |
| Operating profit (loss) | 9901 | €100,421 | €25,525 | -€74,896 | -74.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €125 | €131 | +€7 | +5.3% |
| Recurring financial charges | 65 | €125 | €131 | +€7 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €100,297 | €25,394 | -€74,903 | -74.7% |
| Income taxes | 67/77 | €28,378 | €7,967 | -€20,412 | -71.9% |
| Profit (loss) for the period | 9904 | €71,919 | €17,427 | -€54,492 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,919 | €17,427 | -€54,492 | -75.8% |
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 9 October 2026 via checked.be.