LIMAFRAN: 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.
LIMAFRAN
Largest movements
- Cash +€763,954
up €763,954 (+161.4%), from €473,318 to €1.2m
mainly Current investments (+€400,000) and Net result for the year (+€308,521)
- Current investments -€400,000
no longer reported in 2024 (was €400,000)
- Receivables within one year -€51,894
down €51,894 (-29.3%), from €177,328 to €125,433
of which Other amounts receivable: -€57,377
- Tangible fixed assets -€20,103
down €20,103 (-6.5%), from €307,919 to €287,816
of which Furniture and vehicles: -€18,511
- Reserves +€216,393
up €216,393 (+22.9%), from €944,594 to €1.2m
of which Distributable reserves: +€216,393
- Other debts +€94,395
up €94,395 (+1540.7%), from €6,127 to €100,522
- Debts after one year -€41,722
down €41,722 (-10.7%), from €388,168 to €346,446
- Tax, wage and social debts +€19,331
up €19,331 (+24.3%), from €79,671 to €99,002
of which Taxes: +€32,438
- Trade debts +€19,190
up €19,190 (+14.8%), from €129,883 to €149,073
- Financial income +€12,520
up €12,520 (+339.8%), from €3,685 to €16,205
- Taxes +€10,867
up €10,867 (+7.9%), from €137,864 to €148,730
- Gross operating margin +€9,315
up €9,315 (+1.4%), from €666,272 to €675,587
- Financial charges +€8,535
up €8,535 (+40.8%), from €20,909 to €29,444
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,614,180 | €1,911,059 | +€296,879 | +18.4% |
| Fixed assets | 21/28 | €317,919 | €287,816 | -€30,103 | -9.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €307,919 | €287,816 | -€20,103 | -6.5% |
| Land and buildings | 22 | €226,888 | €225,377 | -€1,511 | -0.7% |
| Plant, machinery and equipment | 23 | €25,444 | €25,363 | -€81 | -0.3% |
| Furniture and vehicles | 24 | €55,586 | €37,075 | -€18,511 | -33.3% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100.0% |
| Current assets | 29/58 | €1,296,261 | €1,623,243 | +€326,982 | +25.2% |
| Stocks and contracts in progress | 3 | €239,147 | €257,686 | +€18,539 | +7.8% |
| Stocks | 30/36 | €239,147 | €257,686 | +€18,539 | +7.8% |
| Amounts receivable within one year | 40/41 | €177,328 | €125,433 | -€51,894 | -29.3% |
| Trade receivables | 40 | €119,919 | €125,402 | +€5,482 | +4.6% |
| Other amounts receivable | 41 | €57,409 | €32 | -€57,377 | -99.9% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €473,318 | €1,237,271 | +€763,954 | +161.4% |
| Deferred charges and accrued income | 490/1 | €6,469 | €2,852 | -€3,616 | -55.9% |
| Total equity and liabilities | 10/49 | €1,614,180 | €1,911,059 | +€296,879 | +18.4% |
| Equity | 10/15 | €956,994 | €1,173,387 | +€216,393 | +22.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €944,594 | €1,160,987 | +€216,393 | +22.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €942,734 | €1,159,127 | +€216,393 | +23.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €657,186 | €737,672 | +€80,486 | +12.2% |
| Amounts payable after more than one year | 17 | €388,168 | €346,446 | -€41,722 | -10.7% |
| Financial debts | 170/4 | €388,168 | €346,446 | -€41,722 | -10.7% |
| Amounts payable within one year | 42/48 | €268,718 | €391,226 | +€122,508 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €53,037 | €42,630 | -€10,408 | -19.6% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €129,883 | €149,073 | +€19,190 | +14.8% |
| Suppliers | 440/4 | €129,883 | €149,073 | +€19,190 | +14.8% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €79,671 | €99,002 | +€19,331 | +24.3% |
| Taxes | 450/3 | €51,230 | €83,668 | +€32,438 | +63.3% |
| Remuneration and social security | 454/9 | €28,440 | €15,334 | -€13,107 | -46.1% |
| Other amounts payable | 47/48 | €6,127 | €100,522 | +€94,395 | +1540.7% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Remuneration, social security and pensions | 62 | €168,449 | €162,431 | -€6,018 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,705 | €37,199 | -€1,506 | -3.9% |
| Other operating charges | 640/8 | €5,312 | €5,466 | +€154 | +2.9% |
| Gross operating margin | 9900 | €666,272 | €675,587 | +€9,315 | +1.4% |
| Operating profit (loss) | 9901 | €453,806 | €470,490 | +€16,684 | +3.7% |
| Financial income | 75/76B | €3,685 | €16,205 | +€12,520 | +339.8% |
| Recurring financial income | 75 | €3,685 | €16,205 | +€12,520 | +339.8% |
| Financial charges | 65/66B | €20,909 | €29,444 | +€8,535 | +40.8% |
| Recurring financial charges | 65 | €20,909 | €29,444 | +€8,535 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €436,582 | €457,251 | +€20,669 | +4.7% |
| Income taxes | 67/77 | €137,864 | €148,730 | +€10,867 | +7.9% |
| Profit (loss) for the period | 9904 | €298,719 | €308,521 | +€9,803 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €298,719 | €308,521 | +€9,803 | +3.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.