LIMBOURG: 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.
LIMBOURG
Largest movements
- Cash +€147,220
up €147,220 (+247%), from €59,538 to €206,758
mainly Current investments (+€123,197) and Depreciation (+€58,406)
- Current investments -€123,197
down €123,197 (-66.6%), from €184,854 to €61,657
- Tangible fixed assets -€56,344
down €56,344 (-7.4%), from €756,473 to €700,129
- Receivables within one year +€12,806
up €12,806 (+24.1%), from €53,071 to €65,877
of which Other amounts receivable: +€11,319
- Debts after one year -€43,530
down €43,530 (-18.9%), from €229,784 to €186,254
- Other debts +€37,578
up €37,578 (+56.1%), from €66,996 to €104,574
- Gross operating margin +€11,828
up €11,828 (+8.9%), from €133,116 to €144,944
- Taxes +€11,606
up €11,606 (+74.2%), from €15,650 to €27,255
- Financial income +€6,245
up €6,245 (+1,428%), from €437 to €6,683
- Financial charges -€4,516
down €4,516 (-32.1%), from €14,089 to €9,572
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 | €1,061,963 | €1,036,541 | -€25,421 | -2.4% |
| Fixed assets | 21/28 | €756,674 | €700,329 | -€56,344 | -7.4% |
| Tangible fixed assets | 22/27 | €756,473 | €700,129 | -€56,344 | -7.4% |
| Land and buildings | 22 | €756,473 | €700,129 | -€56,344 | -7.4% |
| Financial fixed assets | 28 | €201 | €201 | = | 0.0% |
| Current assets | 29/58 | €305,289 | €336,212 | +€30,923 | +10.1% |
| Amounts receivable within one year | 40/41 | €53,071 | €65,877 | +€12,806 | +24.1% |
| Trade receivables | 40 | €51,091 | €52,578 | +€1,487 | +2.9% |
| Other amounts receivable | 41 | €1,980 | €13,299 | +€11,319 | +572% |
| Current investments | 50/53 | €184,854 | €61,657 | -€123,197 | -66.6% |
| Cash at bank and in hand | 54/58 | €59,538 | €206,758 | +€147,220 | +247% |
| Deferred charges and accrued income | 490/1 | €7,826 | €1,920 | -€5,906 | -75.5% |
| Total equity and liabilities | 10/49 | €1,061,963 | €1,036,541 | -€25,421 | -2.4% |
| Equity | 10/15 | €686,385 | €676,105 | -€10,281 | -1.5% |
| Contributions | 10/11 | €526,750 | €526,750 | = | 0.0% |
| Reserves | 13 | €159,635 | €149,355 | -€10,281 | -6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €159,635 | €149,355 | -€10,281 | -6.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €375,577 | €360,437 | -€15,141 | -4.0% |
| Amounts payable after more than one year | 17 | €229,784 | €186,254 | -€43,530 | -18.9% |
| Financial debts | 170/4 | €229,784 | €186,254 | -€43,530 | -18.9% |
| Amounts payable within one year | 42/48 | €135,414 | €168,677 | +€33,263 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €42,232 | €43,530 | +€1,298 | +3.1% |
| Trade debts | 44 | €12,085 | €5,007 | -€7,078 | -58.6% |
| Suppliers | 440/4 | €12,085 | €5,007 | -€7,078 | -58.6% |
| Taxes, remuneration and social security | 45 | €14,101 | €15,567 | +€1,466 | +10.4% |
| Taxes | 450/3 | €14,101 | €15,567 | +€1,466 | +10.4% |
| Other amounts payable | 47/48 | €66,996 | €104,574 | +€37,578 | +56.1% |
| Accrued charges and deferred income | 492/3 | €10,379 | €5,506 | -€4,874 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,519 | €58,406 | -€112 | -0.2% |
| Other operating charges | 640/8 | €4,633 | €5,075 | +€441 | +9.5% |
| Non-recurring operating charges | 66A | €2,888 | €0 | -€2,888 | -100% |
| Gross operating margin | 9900 | €133,116 | €144,944 | +€11,828 | +8.9% |
| Operating profit (loss) | 9901 | €67,076 | €81,464 | +€14,387 | +21.4% |
| Financial income | 75/76B | €437 | €6,683 | +€6,245 | +1,428% |
| Recurring financial income | 75 | €437 | €6,683 | +€6,245 | +1,428% |
| Financial charges | 65/66B | €14,089 | €9,572 | -€4,516 | -32.1% |
| Recurring financial charges | 65 | €14,089 | €9,572 | -€4,516 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €53,425 | €78,574 | +€25,149 | +47.1% |
| Income taxes | 67/77 | €15,650 | €27,255 | +€11,606 | +74.2% |
| Profit (loss) for the period | 9904 | €37,775 | €51,319 | +€13,543 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,775 | €51,319 | +€13,543 | +35.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.