LIMBOURG EVENTS: 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 EVENTS
Largest movements
- Cash +€19,579
up €19,579 (+11.7%), from €167,386 to €186,965
mainly Depreciation (+€60,443) and Net result for the year (+€47,984)
- Reserves +€47,984
up €47,984 (+12.9%), from €372,592 to €420,576
of which Distributable reserves: +€47,984
- Other debts -€17,380
down €17,380 (-11.6%), from €150,359 to €132,979
- Trade debts -€16,823
down €16,823 (-11.9%), from €141,899 to €125,076
- Tax, wage and social debts +€10,003
up €10,003 (+29.3%), from €34,114 to €44,117
of which Remuneration and social security: +€5,531
- Gross operating margin +€26,975
up €26,975 (+8.3%), from €323,077 to €350,051
- Staff costs +€23,598
up €23,598 (+16.6%), from €142,153 to €165,751
- Depreciation -€11,607
down €11,607 (-16.1%), from €72,049 to €60,443
- Taxes -€8,779
down €8,779 (-27.8%), from €31,613 to €22,834
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 | €779,868 | €802,591 | +€22,723 | +2.9% |
| Fixed assets | 21/28 | €240,550 | €240,198 | -€353 | -0.1% |
| Intangible fixed assets | 21 | €2,238 | €332 | -€1,906 | -85.2% |
| Tangible fixed assets | 22/27 | €235,750 | €237,303 | +€1,553 | +0.7% |
| Land and buildings | 22 | €5,606 | €4,137 | -€1,469 | -26.2% |
| Plant, machinery and equipment | 23 | €15,676 | €36,532 | +€20,856 | +133% |
| Furniture and vehicles | 24 | €191,057 | €183,229 | -€7,828 | -4.1% |
| Leasing and similar rights | 25 | €23,411 | €13,405 | -€10,006 | -42.7% |
| Financial fixed assets | 28 | €2,562 | €2,562 | = | 0.0% |
| Current assets | 29/58 | €539,317 | €562,393 | +€23,076 | +4.3% |
| Stocks and contracts in progress | 3 | €257,371 | €257,080 | -€291 | -0.1% |
| Stocks | 30/36 | €257,371 | €257,080 | -€291 | -0.1% |
| Amounts receivable within one year | 40/41 | €89,634 | €93,421 | +€3,788 | +4.2% |
| Trade receivables | 40 | €49,910 | €51,213 | +€1,303 | +2.6% |
| Other amounts receivable | 41 | €39,723 | €42,208 | +€2,485 | +6.3% |
| Cash at bank and in hand | 54/58 | €167,386 | €186,965 | +€19,579 | +11.7% |
| Deferred charges and accrued income | 490/1 | €24,927 | €24,927 | = | 0.0% |
| Total equity and liabilities | 10/49 | €779,868 | €802,591 | +€22,723 | +2.9% |
| Equity | 10/15 | €391,184 | €439,168 | +€47,984 | +12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €372,592 | €420,576 | +€47,984 | +12.9% |
| Tax-exempt reserves | 132 | €4,124 | €4,124 | = | 0.0% |
| Distributable reserves | 133 | €368,468 | €416,452 | +€47,984 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €388,684 | €363,423 | -€25,261 | -6.5% |
| Amounts payable after more than one year | 17 | €22,612 | €19,141 | -€3,471 | -15.4% |
| Financial debts | 170/4 | €22,612 | €19,141 | -€3,471 | -15.4% |
| Amounts payable within one year | 42/48 | €360,392 | €335,623 | -€24,769 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €34,020 | €33,451 | -€570 | -1.7% |
| Trade debts | 44 | €141,899 | €125,076 | -€16,823 | -11.9% |
| Suppliers | 440/4 | €141,899 | €125,076 | -€16,823 | -11.9% |
| Taxes, remuneration and social security | 45 | €34,114 | €44,117 | +€10,003 | +29.3% |
| Taxes | 450/3 | €13,740 | €18,212 | +€4,473 | +32.6% |
| Remuneration and social security | 454/9 | €20,374 | €25,905 | +€5,531 | +27.1% |
| Other amounts payable | 47/48 | €150,359 | €132,979 | -€17,380 | -11.6% |
| Accrued charges and deferred income | 492/3 | €5,679 | €8,659 | +€2,980 | +52.5% |
| Remuneration, social security and pensions | 62 | €142,153 | €165,751 | +€23,598 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,049 | €60,443 | -€11,607 | -16.1% |
| Other operating charges | 640/8 | €2,400 | €3,212 | +€813 | +33.9% |
| Non-recurring operating charges | 66A | - | €35,811 | +€35,811 | |
| Gross operating margin | 9900 | €323,077 | €350,051 | +€26,975 | +8.3% |
| Operating profit (loss) | 9901 | €106,475 | €84,834 | -€21,640 | -20.3% |
| Financial income | 75/76B | €12 | €120 | +€107 | +881% |
| Recurring financial income | 75 | €12 | €120 | +€107 | +881% |
| Financial charges | 65/66B | €12,532 | €14,136 | +€1,604 | +12.8% |
| Recurring financial charges | 65 | €12,532 | €14,136 | +€1,604 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €93,955 | €70,818 | -€23,137 | -24.6% |
| Income taxes | 67/77 | €31,613 | €22,834 | -€8,779 | -27.8% |
| Profit (loss) for the period | 9904 | €62,342 | €47,984 | -€14,358 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,342 | €47,984 | -€14,358 | -23.0% |
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 19 October 2026 via checked.be.