LIMBRA: 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.
LIMBRA
Largest movements
- Receivables within one year +€47,116
new in 2025: €47,116
of which Trade receivables: +€37,517
- Tangible fixed assets -€26,997
down €26,997 (-1.4%), from €1.9m to €1.8m
of which Plant, machinery and equipment: -€26,997
- Debts after one year -€67,523
down €67,523 (-9.6%), from €700,417 to €632,894
- Other debts +€60,454
up €60,454 (+9.9%), from €613,680 to €674,134
- Investment grants +€33,686
new in 2025: €33,686
- Depreciation +€37,056
up €37,056 (+101.2%), from €36,631 to €73,687
- Gross operating margin +€19,175
up €19,175 (+24.2%), from €79,236 to €98,411
- Financial charges +€13,750
up €13,750 (+55.9%), from €24,618 to €38,368
- Financial income +€3,830
new in 2025: €3,830
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 | €1,879,595 | €1,898,155 | +€18,560 | +1.0% |
| Fixed assets | 21/28 | €1,874,429 | €1,847,432 | -€26,997 | -1.4% |
| Tangible fixed assets | 22/27 | €1,874,429 | €1,847,432 | -€26,997 | -1.4% |
| Land and buildings | 22 | €877,261 | €877,261 | = | 0.0% |
| Plant, machinery and equipment | 23 | €997,168 | €970,171 | -€26,997 | -2.7% |
| Current assets | 29/58 | €5,167 | €50,723 | +€45,557 | +881.8% |
| Amounts receivable within one year | 40/41 | - | €47,116 | +€47,116 | |
| Trade receivables | 40 | - | €37,517 | +€37,517 | |
| Other amounts receivable | 41 | - | €9,599 | +€9,599 | |
| Cash at bank and in hand | 54/58 | €5,167 | €3,608 | -€1,559 | -30.2% |
| Total equity and liabilities | 10/49 | €1,879,595 | €1,898,155 | +€18,560 | +1.0% |
| Equity | 10/15 | €469,257 | €492,948 | +€23,690 | +5.0% |
| Contributions | 10/11 | €669,000 | €669,000 | = | 0.0% |
| Capital | 10 | €669,000 | €669,000 | = | 0.0% |
| Issued capital | 100 | €669,000 | €669,000 | = | 0.0% |
| Revaluation surpluses | 12 | €862,909 | €862,909 | = | 0.0% |
| Reserves | 13 | €1,601,075 | €1,601,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,608 | €65,608 | = | 0.0% |
| Legal reserve | 130 | €46,892 | €46,892 | = | 0.0% |
| Other | 1319 | €18,716 | €18,716 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,948 | €27,948 | = | 0.0% |
| Distributable reserves | 133 | €1,507,518 | €1,507,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,663,726 | -€2,673,722 | -€9,996 | -0.4% |
| Investment grants | 15 | - | €33,686 | +€33,686 | |
| Amounts payable | 17/49 | €1,410,338 | €1,405,207 | -€5,130 | -0.4% |
| Amounts payable after more than one year | 17 | €700,417 | €632,894 | -€67,523 | -9.6% |
| Financial debts | 170/4 | €700,417 | €632,894 | -€67,523 | -9.6% |
| Amounts payable within one year | 42/48 | €709,921 | €772,314 | +€62,393 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €63,966 | €67,523 | +€3,557 | +5.6% |
| Trade debts | 44 | €31,339 | €30,656 | -€683 | -2.2% |
| Suppliers | 440/4 | €31,339 | €30,656 | -€683 | -2.2% |
| Taxes, remuneration and social security | 45 | €935 | - | -€935 | |
| Taxes | 450/3 | €935 | - | -€935 | |
| Other amounts payable | 47/48 | €613,680 | €674,134 | +€60,454 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,631 | €73,687 | +€37,056 | +101.2% |
| Other operating charges | 640/8 | €620 | €182 | -€439 | -70.7% |
| Gross operating margin | 9900 | €79,236 | €98,411 | +€19,175 | +24.2% |
| Operating profit (loss) | 9901 | €41,984 | €24,542 | -€17,442 | -41.5% |
| Financial income | 75/76B | - | €3,830 | +€3,830 | |
| Recurring financial income | 75 | - | €3,830 | +€3,830 | |
| Financial charges | 65/66B | €24,618 | €38,368 | +€13,750 | +55.9% |
| Recurring financial charges | 65 | €24,618 | €38,368 | +€13,750 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €17,366 | -€9,996 | -€27,362 | |
| Income taxes | 67/77 | -€37 | - | +€37 | |
| Profit (loss) for the period | 9904 | €17,403 | -€9,996 | -€27,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,403 | -€9,996 | -€27,399 |
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 30 September 2026 via checked.be.