LIMANI: 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.
LIMANI
Largest movements
- Receivables after one year +€116,000
new in 2025: €116,000
- Cash -€56,387
down €56,387 (-70.0%), from €80,600 to €24,213
mainly Receivables after one year (-€116,000) and Other debts (-€29,449)
- Tangible fixed assets -€11,837
down €11,837 (-45.8%), from €25,846 to €14,009
of which Furniture and vehicles: -€11,658
- Receivables within one year -€3,127
no longer reported in 2025 (was €3,127)
- Deferred charges and accrued income +€2,950
new in 2025: €2,950
- Reserves +€59,307
new in 2025: €59,307
- Other debts -€29,449
down €29,449 (-99.2%), from €29,679 to €230
- Tax, wage and social debts +€25,712
up €25,712 (+143.7%), from €17,893 to €43,605
- Trade debts -€7,971
down €7,971 (-65.9%), from €12,087 to €4,116
- Gross operating margin +€22,278
up €22,278 (+29.3%), from €76,110 to €98,388
- Taxes +€10,148
up €10,148 (+65.0%), from €15,604 to €25,752
- Financial income +€1,450
new in 2025: €1,450
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 | €109,849 | €157,447 | +€47,599 | +43.3% |
| Fixed assets | 21/28 | €26,121 | €14,284 | -€11,837 | -45.3% |
| Tangible fixed assets | 22/27 | €25,846 | €14,009 | -€11,837 | -45.8% |
| Plant, machinery and equipment | 23 | - | €459 | +€459 | |
| Furniture and vehicles | 24 | €20,639 | €8,981 | -€11,658 | -56.5% |
| Other tangible fixed assets | 26 | €5,207 | €4,569 | -€638 | -12.3% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €83,727 | €143,163 | +€59,436 | +71.0% |
| Amounts receivable after more than one year | 29 | - | €116,000 | +€116,000 | |
| Other amounts receivable | 291 | - | €116,000 | +€116,000 | |
| Amounts receivable within one year | 40/41 | €3,127 | - | -€3,127 | |
| Trade receivables | 40 | €3,127 | - | -€3,127 | |
| Cash at bank and in hand | 54/58 | €80,600 | €24,213 | -€56,387 | -70.0% |
| Deferred charges and accrued income | 490/1 | - | €2,950 | +€2,950 | |
| Total equity and liabilities | 10/49 | €109,849 | €157,447 | +€47,599 | +43.3% |
| Equity | 10/15 | €50,189 | €109,496 | +€59,307 | +118.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €59,307 | +€59,307 | |
| Distributable reserves | 133 | - | €59,307 | +€59,307 | |
| Profit (loss) carried forward | 14 | €31,589 | €31,589 | = | 0.0% |
| Amounts payable | 17/49 | €59,660 | €47,952 | -€11,708 | -19.6% |
| Amounts payable within one year | 42/48 | €59,660 | €47,952 | -€11,708 | -19.6% |
| Trade debts | 44 | €12,087 | €4,116 | -€7,971 | -65.9% |
| Suppliers | 440/4 | €12,087 | €4,116 | -€7,971 | -65.9% |
| Taxes, remuneration and social security | 45 | €17,893 | €43,605 | +€25,712 | +143.7% |
| Taxes | 450/3 | €17,893 | €43,605 | +€25,712 | +143.7% |
| Other amounts payable | 47/48 | €29,679 | €230 | -€29,449 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,740 | €12,845 | +€105 | +0.8% |
| Other operating charges | 640/8 | €798 | €1,217 | +€419 | +52.4% |
| Gross operating margin | 9900 | €76,110 | €98,388 | +€22,278 | +29.3% |
| Operating profit (loss) | 9901 | €62,572 | €84,326 | +€21,755 | +34.8% |
| Financial income | 75/76B | - | €1,450 | +€1,450 | |
| Recurring financial income | 75 | - | €1,450 | +€1,450 | |
| Financial charges | 65/66B | €647 | €718 | +€71 | +11.0% |
| Recurring financial charges | 65 | €647 | €718 | +€71 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €61,925 | €85,059 | +€23,134 | +37.4% |
| Income taxes | 67/77 | €15,604 | €25,752 | +€10,148 | +65.0% |
| Profit (loss) for the period | 9904 | €46,321 | €59,307 | +€12,985 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,321 | €59,307 | +€12,985 | +28.0% |
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 4 October 2026 via checked.be.