LIMATH: 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.
LIMATH
Largest movements
- Cash +€28,239
up €28,239 (+41.6%), from €67,958 to €96,197
mainly Net result for the year (+€330,060) and Depreciation (+€49,097)
- Intangible fixed assets -€25,714
down €25,714 (-14.4%), from €178,806 to €153,091
- Tangible fixed assets -€21,477
down €21,477 (-26.2%), from €81,989 to €60,513
of which Land and buildings: -€27,075
- Current investments +€20,000
up €20,000 (+32.9%), from €60,846 to €80,846
- Profit (loss) carried forward +€320,000
new in 2025: €320,000
- Other debts -€279,346
down €279,346 (-80.2%), from €348,383 to €69,037
- Tax, wage and social debts -€34,306
down €34,306 (-82.6%), from €41,517 to €7,211
of which Taxes: -€34,506
- Gross operating margin +€225,857
up €225,857 (+84.3%), from €268,027 to €493,884
- Taxes +€49,514
up €49,514 (+77.7%), from €63,761 to €113,275
- Depreciation +€34,903
up €34,903 (+245.9%), from €14,194 to €49,097
- Financial income -€8,500
no longer reported in 2025 (was €8,500)
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 | €393,880 | €398,980 | +€5,099 | +1.3% |
| Fixed assets | 21/28 | €260,795 | €213,604 | -€47,191 | -18.1% |
| Intangible fixed assets | 21 | €178,806 | €153,091 | -€25,714 | -14.4% |
| Tangible fixed assets | 22/27 | €81,989 | €60,513 | -€21,477 | -26.2% |
| Land and buildings | 22 | €27,075 | - | -€27,075 | |
| Furniture and vehicles | 24 | €43,476 | €52,103 | +€8,627 | +19.8% |
| Other tangible fixed assets | 26 | €11,439 | €8,410 | -€3,029 | -26.5% |
| Current assets | 29/58 | €133,085 | €185,376 | +€52,290 | +39.3% |
| Amounts receivable within one year | 40/41 | €2,075 | €2,894 | +€819 | +39.5% |
| Trade receivables | 40 | €2,075 | €2,894 | +€819 | +39.5% |
| Current investments | 50/53 | €60,846 | €80,846 | +€20,000 | +32.9% |
| Cash at bank and in hand | 54/58 | €67,958 | €96,197 | +€28,239 | +41.6% |
| Deferred charges and accrued income | 490/1 | €2,206 | €5,438 | +€3,232 | +146.5% |
| Total equity and liabilities | 10/49 | €393,880 | €398,980 | +€5,099 | +1.3% |
| Equity | 10/15 | €500 | €320,500 | +€320,000 | +64000.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €320,000 | +€320,000 | |
| Amounts payable | 17/49 | €393,380 | €78,480 | -€314,901 | -80.0% |
| Amounts payable within one year | 42/48 | €393,380 | €78,480 | -€314,901 | -80.0% |
| Trade debts | 44 | €3,480 | €2,232 | -€1,249 | -35.9% |
| Suppliers | 440/4 | €3,480 | €2,232 | -€1,249 | -35.9% |
| Taxes, remuneration and social security | 45 | €41,517 | €7,211 | -€34,306 | -82.6% |
| Taxes | 450/3 | €39,517 | €5,011 | -€34,506 | -87.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,200 | +€200 | +10.0% |
| Other amounts payable | 47/48 | €348,383 | €69,037 | -€279,346 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,194 | €49,097 | +€34,903 | +245.9% |
| Other operating charges | 640/8 | €245 | €310 | +€65 | +26.5% |
| Gross operating margin | 9900 | €268,027 | €493,884 | +€225,857 | +84.3% |
| Operating profit (loss) | 9901 | €253,588 | €444,477 | +€190,889 | +75.3% |
| Financial income | 75/76B | €8,500 | - | -€8,500 | |
| Recurring financial income | 75 | €8,500 | - | -€8,500 | |
| Financial charges | 65/66B | €1,677 | €1,142 | -€535 | -31.9% |
| Recurring financial charges | 65 | €1,677 | €1,142 | -€535 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €260,411 | €443,335 | +€182,924 | +70.2% |
| Income taxes | 67/77 | €63,761 | €113,275 | +€49,514 | +77.7% |
| Profit (loss) for the period | 9904 | €196,651 | €330,060 | +€133,410 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €196,651 | €330,060 | +€133,410 | +67.8% |
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 28 September 2026 via checked.be.