LIMBOURG LAW: 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 LAW
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€16,546
down €16,546 (-54.9%), from €30,156 to €13,609
mainly Receivables after one year (-€25,000) and Tax, wage and social debts (-€18,249)
- Receivables within one year +€2,823
up €2,823 (+9.1%), from €31,095 to €33,919
of which Trade receivables: +€13,806
- Reserves +€25,067
up €25,067 (+65.0%), from €38,590 to €63,658
- Tax, wage and social debts -€18,249
down €18,249 (-88.1%), from €20,716 to €2,467
of which Taxes: -€16,049
- Trade debts +€4,459
up €4,459 (+247%), from €1,802 to €6,261
- Gross operating margin -€19,678
down €19,678 (-33.6%), from €58,634 to €38,956
- Taxes -€6,088
down €6,088 (-36.3%), from €16,765 to €10,678
- Staff costs -€2,049
down €2,049 (-39.8%), from €5,147 to €3,098
- Financial income -€1,501
down €1,501 (-59.9%), from €2,506 to €1,005
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 | €62,108 | €73,385 | +€11,277 | +18.2% |
| Current assets | 29/58 | €62,108 | €73,385 | +€11,277 | +18.2% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €31,095 | €33,919 | +€2,823 | +9.1% |
| Trade receivables | 40 | €10,965 | €24,771 | +€13,806 | +126% |
| Other amounts receivable | 41 | €20,130 | €9,147 | -€10,983 | -54.6% |
| Cash at bank and in hand | 54/58 | €30,156 | €13,609 | -€16,546 | -54.9% |
| Deferred charges and accrued income | 490/1 | €857 | €857 | = | 0.0% |
| Total equity and liabilities | 10/49 | €62,108 | €73,385 | +€11,277 | +18.2% |
| Equity | 10/15 | €39,590 | €64,658 | +€25,067 | +63.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,590 | €63,658 | +€25,067 | +65.0% |
| Distributable reserves | 133 | €38,590 | €63,658 | +€25,067 | +65.0% |
| Amounts payable | 17/49 | €22,518 | €8,727 | -€13,790 | -61.2% |
| Amounts payable within one year | 42/48 | €22,518 | €8,727 | -€13,790 | -61.2% |
| Trade debts | 44 | €1,802 | €6,261 | +€4,459 | +247% |
| Suppliers | 440/4 | €1,802 | €6,261 | +€4,459 | +247% |
| Taxes, remuneration and social security | 45 | €20,716 | €2,467 | -€18,249 | -88.1% |
| Taxes | 450/3 | €18,516 | €2,467 | -€16,049 | -86.7% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100% |
| Remuneration, social security and pensions | 62 | €5,147 | €3,098 | -€2,049 | -39.8% |
| Other operating charges | 640/8 | €434 | €940 | +€505 | +116% |
| Gross operating margin | 9900 | €58,634 | €38,956 | -€19,678 | -33.6% |
| Operating profit (loss) | 9901 | €53,053 | €34,919 | -€18,134 | -34.2% |
| Financial income | 75/76B | €2,506 | €1,005 | -€1,501 | -59.9% |
| Recurring financial income | 75 | €2,506 | €1,005 | -€1,501 | -59.9% |
| Financial charges | 65/66B | €203 | €178 | -€25 | -12.3% |
| Recurring financial charges | 65 | €203 | €178 | -€25 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €55,356 | €35,745 | -€19,611 | -35.4% |
| Income taxes | 67/77 | €16,765 | €10,678 | -€6,088 | -36.3% |
| Profit (loss) for the period | 9904 | €38,590 | €25,067 | -€13,523 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,590 | €25,067 | -€13,523 | -35.0% |
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 28 October 2026 via checked.be.