LIMBRASSUR: 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.
LIMBRASSUR
Largest movements
- Tangible fixed assets -€24,781
down €24,781 (-3.6%), from €686,703 to €661,922
of which Land and buildings: -€31,027
- Cash -€22,464
down €22,464 (-9.8%), from €229,027 to €206,563
mainly Accrued charges and deferred income (-€151,753) and Debts after one year (-€45,985)
- Deferred charges and accrued income +€11,868
up €11,868 (+53.1%), from €22,369 to €34,237
- Accrued charges and deferred income -€151,753
down €151,753 (-98.1%), from €154,701 to €2,947
- Advances received +€128,671
new in 2025: €128,671
- Profit (loss) carried forward +€67,268
up €67,268 (+51.8%), from -€129,966 to -€62,698
- Debts after one year -€45,985
down €45,985 (-22.8%), from €202,029 to €156,044
- Trade debts -€25,631
down €25,631 (-7.4%), from €346,058 to €320,427
- Gross operating margin +€167,499
up €167,499 (+38.3%), from €437,078 to €604,577
- Taxes +€15,213
up €15,213 (+589%), from €2,584 to €17,797
- Staff costs +€8,704
up €8,704 (+1.9%), from €452,675 to €461,379
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 | €1,151,635 | €1,124,047 | -€27,588 | -2.4% |
| Fixed assets | 21/28 | €686,703 | €661,922 | -€24,781 | -3.6% |
| Tangible fixed assets | 22/27 | €686,703 | €661,922 | -€24,781 | -3.6% |
| Land and buildings | 22 | €684,284 | €653,257 | -€31,027 | -4.5% |
| Plant, machinery and equipment | 23 | €2,419 | €1,893 | -€526 | -21.7% |
| Furniture and vehicles | 24 | - | €6,772 | +€6,772 | |
| Current assets | 29/58 | €464,932 | €462,125 | -€2,807 | -0.6% |
| Amounts receivable within one year | 40/41 | €193,747 | €201,536 | +€7,790 | +4.0% |
| Trade receivables | 40 | €155,641 | €178,888 | +€23,247 | +14.9% |
| Other amounts receivable | 41 | €38,106 | €22,648 | -€15,458 | -40.6% |
| Current investments | 50/53 | €19,790 | €19,790 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €229,027 | €206,563 | -€22,464 | -9.8% |
| Deferred charges and accrued income | 490/1 | €22,369 | €34,237 | +€11,868 | +53.1% |
| Total equity and liabilities | 10/49 | €1,151,635 | €1,124,047 | -€27,588 | -2.4% |
| Equity | 10/15 | €246,967 | €308,207 | +€61,240 | +24.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €314,933 | €308,905 | -€6,028 | -1.9% |
| Non-distributable reserves | 130/1 | €25,990 | €25,990 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €19,790 | €19,790 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,585 | €77,557 | -€6,028 | -7.2% |
| Distributable reserves | 133 | €205,358 | €205,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,966 | -€62,698 | +€67,268 | +51.8% |
| Provisions and deferred taxes | 16 | €42,963 | €39,859 | -€3,104 | -7.2% |
| Deferred taxes | 168 | €42,963 | €39,859 | -€3,104 | -7.2% |
| Amounts payable | 17/49 | €861,705 | €775,981 | -€85,724 | -9.9% |
| Amounts payable after more than one year | 17 | €202,029 | €156,044 | -€45,985 | -22.8% |
| Financial debts | 170/4 | €202,029 | €156,044 | -€45,985 | -22.8% |
| Amounts payable within one year | 42/48 | €504,975 | €616,990 | +€112,015 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €45,149 | €45,985 | +€836 | +1.9% |
| Trade debts | 44 | €346,058 | €320,427 | -€25,631 | -7.4% |
| Suppliers | 440/4 | €346,058 | €320,427 | -€25,631 | -7.4% |
| Advances received on contracts in progress | 46 | - | €128,671 | +€128,671 | |
| Taxes, remuneration and social security | 45 | €49,063 | €54,094 | +€5,031 | +10.3% |
| Taxes | 450/3 | - | €1,332 | +€1,332 | |
| Remuneration and social security | 454/9 | €49,063 | €52,763 | +€3,699 | +7.5% |
| Other amounts payable | 47/48 | €64,704 | €67,812 | +€3,108 | +4.8% |
| Accrued charges and deferred income | 492/3 | €154,701 | €2,947 | -€151,753 | -98.1% |
| Remuneration, social security and pensions | 62 | €452,675 | €461,379 | +€8,704 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,359 | €41,608 | +€249 | +0.6% |
| Other operating charges | 640/8 | €8,743 | €9,068 | +€326 | +3.7% |
| Gross operating margin | 9900 | €437,078 | €604,577 | +€167,499 | +38.3% |
| Operating profit (loss) | 9901 | -€65,698 | €92,522 | +€158,221 | |
| Financial income | 75/76B | €63 | €70 | +€7 | +11.5% |
| Recurring financial income | 75 | €63 | €70 | +€7 | +11.5% |
| Financial charges | 65/66B | €14,597 | €16,659 | +€2,062 | +14.1% |
| Recurring financial charges | 65 | €14,597 | €16,659 | +€2,062 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€80,233 | €75,933 | +€156,166 | |
| Transfer from deferred taxes | 780 | €3,104 | €3,104 | = | 0.0% |
| Income taxes | 67/77 | €2,584 | €17,797 | +€15,213 | +589% |
| Profit (loss) for the period | 9904 | -€79,714 | €61,240 | +€140,954 | |
| Transfer from tax-exempt reserves | 789 | €6,028 | €6,028 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,686 | €67,268 | +€140,954 |
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 18 October 2026 via checked.be.