LIMBELMO: what changed
LIMBELMO
Largest movements
- Cash -€189,172
down €189,172 (-43.8%), from €432,389 to €243,217
mainly Contributions, distributions and other (-€200,000) and Other debts (-€102,574)
- Receivables within one year +€32,850
up €32,850 (+14.2%), from €231,686 to €264,536
of which Other amounts receivable: +€18,738
- Other debts -€102,574
down €102,574 (-99.8%), from €102,774 to €200
- Tax, wage and social debts -€37,888
down €37,888 (-27.0%), from €140,290 to €102,403
of which Remuneration and social security: -€32,941
- Reserves -€25,447
down €25,447 (-9.7%), from €263,156 to €237,709
of which Distributable reserves: -€25,447
- Trade debts +€7,023
up €7,023 (+10.0%), from €70,523 to €77,546
- Gross operating margin -€89,631
down €89,631 (-7.5%), from €1.2m to €1.1m
- Staff costs -€77,134
down €77,134 (-8.8%), from €876,465 to €799,331
- Taxes +€45,132
up €45,132 (+57.3%), from €78,794 to €123,926
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €683,338 | €524,452 | -€158,886 | -23.3% |
| Fixed assets | 21/28 | €14,177 | €11,613 | -€2,564 | -18.1% |
| Tangible fixed assets | 22/27 | €11,128 | €11,564 | +€436 | +3.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €11,128 | €11,564 | +€436 | +3.9% |
| Financial fixed assets | 28 | €3,050 | €50 | -€3,000 | -98.4% |
| Current assets | 29/58 | €669,161 | €512,839 | -€156,322 | -23.4% |
| Amounts receivable within one year | 40/41 | €231,686 | €264,536 | +€32,850 | +14.2% |
| Trade receivables | 40 | €224,574 | €238,686 | +€14,112 | +6.3% |
| Other amounts receivable | 41 | €7,111 | €25,849 | +€18,738 | +263% |
| Cash at bank and in hand | 54/58 | €432,389 | €243,217 | -€189,172 | -43.8% |
| Deferred charges and accrued income | 490/1 | €5,086 | €5,086 | = | 0.0% |
| Total equity and liabilities | 10/49 | €683,338 | €524,452 | -€158,886 | -23.3% |
| Equity | 10/15 | €369,750 | €344,303 | -€25,447 | -6.9% |
| Contributions | 10/11 | €106,594 | €106,594 | = | 0.0% |
| Capital | 10 | €106,594 | €106,594 | = | 0.0% |
| Issued capital | 100 | €106,594 | €106,594 | = | 0.0% |
| Reserves | 13 | €263,156 | €237,709 | -€25,447 | -9.7% |
| Non-distributable reserves | 130/1 | €10,660 | €10,660 | = | 0.0% |
| Legal reserve | 130 | €10,660 | €10,660 | = | 0.0% |
| Distributable reserves | 133 | €252,496 | €227,049 | -€25,447 | -10.1% |
| Amounts payable | 17/49 | €313,588 | €180,149 | -€133,439 | -42.6% |
| Amounts payable within one year | 42/48 | €313,588 | €180,149 | -€133,439 | -42.6% |
| Trade debts | 44 | €70,523 | €77,546 | +€7,023 | +10.0% |
| Suppliers | 440/4 | €70,523 | €77,546 | +€7,023 | +10.0% |
| Taxes, remuneration and social security | 45 | €140,290 | €102,403 | -€37,888 | -27.0% |
| Taxes | 450/3 | €8,222 | €3,274 | -€4,947 | -60.2% |
| Remuneration and social security | 454/9 | €132,069 | €99,128 | -€32,941 | -24.9% |
| Other amounts payable | 47/48 | €102,774 | €200 | -€102,574 | -99.8% |
| Remuneration, social security and pensions | 62 | €876,465 | €799,331 | -€77,134 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,564 | €7,564 | +€2,000 | +35.9% |
| Other operating charges | 640/8 | €4,106 | €4,973 | +€868 | +21.1% |
| Gross operating margin | 9900 | €1,200,015 | €1,110,383 | -€89,631 | -7.5% |
| Operating profit (loss) | 9901 | €313,880 | €298,515 | -€15,364 | -4.9% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100.0% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100.0% |
| Financial charges | 65/66B | €5 | €36 | +€31 | +655% |
| Recurring financial charges | 65 | €5 | €36 | +€31 | +655% |
| Profit (loss) for the period before taxes | 9903 | €313,954 | €298,479 | -€15,475 | -4.9% |
| Income taxes | 67/77 | €78,794 | €123,926 | +€45,132 | +57.3% |
| Profit (loss) for the period | 9904 | €235,160 | €174,553 | -€60,607 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €235,160 | €174,553 | -€60,607 | -25.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.