LIMAWA: 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.
LIMAWA
Largest movements
- Cash +€33,015
up €33,015 (+29.1%), from €113,297 to €146,312
mainly Net result for the year (+€62,348) and Depreciation (+€9,001)
- Current investments +€29,484
new in 2025: €29,484
- Tangible fixed assets -€9,001
down €9,001 (-28.7%), from €31,326 to €22,325
of which Furniture and vehicles: -€8,119
- Profit (loss) carried forward +€62,348
up €62,348 (+71.2%), from €87,525 to €149,873
- Tax, wage and social debts -€7,593
down €7,593 (-37.8%), from €20,091 to €12,498
of which Taxes: -€18,433
- Other debts -€5,313
down €5,313 (-26.7%), from €19,903 to €14,590
- Trade debts +€3,834
up €3,834 (+26.1%), from €14,696 to €18,530
- Gross operating margin +€25,265
up €25,265 (+31.3%), from €80,709 to €105,974
- Staff costs +€6,258
up €6,258 (+81.3%), from €7,695 to €13,953
- Taxes +€1,567
up €1,567 (+8.5%), from €18,454 to €20,021
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 | €145,215 | €198,491 | +€53,276 | +36.7% |
| Fixed assets | 21/28 | €31,326 | €22,325 | -€9,001 | -28.7% |
| Tangible fixed assets | 22/27 | €31,326 | €22,325 | -€9,001 | -28.7% |
| Plant, machinery and equipment | 23 | €2,984 | €2,102 | -€882 | -29.6% |
| Furniture and vehicles | 24 | €28,342 | €20,223 | -€8,119 | -28.6% |
| Current assets | 29/58 | €113,889 | €176,166 | +€62,277 | +54.7% |
| Amounts receivable within one year | 40/41 | €592 | €370 | -€222 | -37.5% |
| Other amounts receivable | 41 | €592 | €370 | -€222 | -37.5% |
| Current investments | 50/53 | - | €29,484 | +€29,484 | |
| Cash at bank and in hand | 54/58 | €113,297 | €146,312 | +€33,015 | +29.1% |
| Total equity and liabilities | 10/49 | €145,215 | €198,491 | +€53,276 | +36.7% |
| Equity | 10/15 | €90,525 | €152,873 | +€62,348 | +68.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,525 | €149,873 | +€62,348 | +71.2% |
| Amounts payable | 17/49 | €54,690 | €45,618 | -€9,072 | -16.6% |
| Amounts payable within one year | 42/48 | €54,690 | €45,618 | -€9,072 | -16.6% |
| Trade debts | 44 | €14,696 | €18,530 | +€3,834 | +26.1% |
| Suppliers | 440/4 | €14,696 | €18,530 | +€3,834 | +26.1% |
| Taxes, remuneration and social security | 45 | €20,091 | €12,498 | -€7,593 | -37.8% |
| Taxes | 450/3 | €18,491 | €58 | -€18,433 | -99.7% |
| Remuneration and social security | 454/9 | €1,600 | €12,440 | +€10,840 | +677.5% |
| Other amounts payable | 47/48 | €19,903 | €14,590 | -€5,313 | -26.7% |
| Remuneration, social security and pensions | 62 | €7,695 | €13,953 | +€6,258 | +81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,252 | €9,001 | +€750 | +9.1% |
| Other operating charges | 640/8 | €430 | €652 | +€222 | +51.6% |
| Gross operating margin | 9900 | €80,709 | €105,974 | +€25,265 | +31.3% |
| Operating profit (loss) | 9901 | €64,333 | €82,368 | +€18,035 | +28.0% |
| Financial income | 75/76B | - | €122 | +€122 | |
| Recurring financial income | 75 | - | €122 | +€122 | |
| Financial charges | 65/66B | €130 | €120 | -€10 | -7.8% |
| Recurring financial charges | 65 | €130 | €120 | -€10 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €64,202 | €82,369 | +€18,167 | +28.3% |
| Income taxes | 67/77 | €18,454 | €20,021 | +€1,567 | +8.5% |
| Profit (loss) for the period | 9904 | €45,748 | €62,348 | +€16,600 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,748 | €62,348 | +€16,600 | +36.3% |
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 6 October 2026 via checked.be.