LIMASO: 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.
LIMASO
Largest movements
- Cash +€440,869
up €440,869 (+220%), from €200,001 to €640,870
mainly Net result for the year (+€310,180) and Other debts (+€153,499)
- Receivables after one year +€210,000
new in 2025: €210,000
- Receivables within one year -€99,857
down €99,857 (-84.0%), from €118,845 to €18,988
of which Other amounts receivable: -€114,655
- Tangible fixed assets -€27,471
down €27,471 (-5.5%), from €500,927 to €473,456
of which Land and buildings: -€18,932
- Financial fixed assets -€23,931
down €23,931 (-100%), from €23,931 to €0
- Reserves +€310,180
up €310,180 (+470%), from €65,997 to €376,177
- Other debts +€153,499
new in 2025: €153,499
- Tax, wage and social debts +€19,122
new in 2025: €19,122
- Trade debts +€16,763
up €16,763 (+384%), from €4,361 to €21,125
- Gross operating margin +€196,776
up €196,776 (+187%), from €104,998 to €301,774
- Financial income -€38,485
down €38,485 (-32.1%), from €119,740 to €81,254
- Other operating charges -€26,282
down €26,282 (-87.8%), from €29,931 to €3,649
- Taxes +€25,736
up €25,736 (+306%), from €8,418 to €34,154
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.
Derived cash bridge
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 | €843,740 | €1,343,314 | +€499,574 | +59.2% |
| Fixed assets | 21/28 | €524,857 | €473,456 | -€51,402 | -9.8% |
| Tangible fixed assets | 22/27 | €500,927 | €473,456 | -€27,471 | -5.5% |
| Land and buildings | 22 | €471,401 | €452,469 | -€18,932 | -4.0% |
| Furniture and vehicles | 24 | €29,526 | €20,987 | -€8,539 | -28.9% |
| Financial fixed assets | 28 | €23,931 | €0 | -€23,931 | -100% |
| Current assets | 29/58 | €318,883 | €869,859 | +€550,976 | +173% |
| Amounts receivable after more than one year | 29 | - | €210,000 | +€210,000 | |
| Other amounts receivable | 291 | - | €210,000 | +€210,000 | |
| Amounts receivable within one year | 40/41 | €118,845 | €18,988 | -€99,857 | -84.0% |
| Trade receivables | 40 | - | €14,798 | +€14,798 | |
| Other amounts receivable | 41 | €118,845 | €4,190 | -€114,655 | -96.5% |
| Cash at bank and in hand | 54/58 | €200,001 | €640,870 | +€440,869 | +220% |
| Deferred charges and accrued income | 490/1 | €36 | €0 | -€36 | -100% |
| Total equity and liabilities | 10/49 | €843,740 | €1,343,314 | +€499,574 | +59.2% |
| Equity | 10/15 | €839,379 | €1,149,559 | +€310,180 | +37.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,997 | €376,177 | +€310,180 | +470% |
| Distributable reserves | 133 | €65,997 | €376,177 | +€310,180 | +470% |
| Profit (loss) carried forward | 14 | €753,382 | €753,382 | = | 0.0% |
| Amounts payable | 17/49 | €4,361 | €193,755 | +€189,394 | +4,343% |
| Amounts payable within one year | 42/48 | €4,361 | €193,755 | +€189,394 | +4,343% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €4,361 | €21,125 | +€16,763 | +384% |
| Suppliers | 440/4 | €4,361 | €21,125 | +€16,763 | +384% |
| Taxes, remuneration and social security | 45 | - | €19,122 | +€19,122 | |
| Taxes | 450/3 | - | €19,122 | +€19,122 | |
| Other amounts payable | 47/48 | - | €153,499 | +€153,499 | |
| Non-recurring operating income | 76A | €60,604 | €261,583 | +€200,979 | +332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,039 | €34,710 | -€329 | -0.9% |
| Other operating charges | 640/8 | €29,931 | €3,649 | -€26,282 | -87.8% |
| Gross operating margin | 9900 | €104,998 | €301,774 | +€196,776 | +187% |
| Operating profit (loss) | 9901 | €40,028 | €263,415 | +€223,387 | +558% |
| Financial income | 75/76B | €119,740 | €81,254 | -€38,485 | -32.1% |
| Recurring financial income | 75 | €119,740 | €81,254 | -€38,485 | -32.1% |
| Financial charges | 65/66B | €1,221 | €335 | -€886 | -72.5% |
| Recurring financial charges | 65 | €1,221 | €335 | -€886 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €158,546 | €344,334 | +€185,788 | +117% |
| Income taxes | 67/77 | €8,418 | €34,154 | +€25,736 | +306% |
| Profit (loss) for the period | 9904 | €150,128 | €310,180 | +€160,052 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €150,128 | €310,180 | +€160,052 | +107% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.