LIMBUS: 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.
LIMBUS
Largest movements
- Cash +€237,838
up €237,838 (+298.9%), from €79,566 to €317,405
mainly Net result for the year (+€429,599) and Current investments (+€82,039)
- Current investments -€82,039
down €82,039 (-7.0%), from €1.2m to €1.1m
- Tangible fixed assets -€76,011
down €76,011 (-8.3%), from €918,848 to €842,837
of which Land and buildings: -€63,875
- Receivables within one year +€46,356
up €46,356 (+8.7%), from €530,468 to €576,824
of which Other amounts receivable: +€50,861
- Reserves +€168,999
up €168,999 (+8.0%), from €2.1m to €2.3m
- Debts after one year -€49,884
down €49,884 (-11.8%), from €422,044 to €372,160
- Financial income +€77,856
up €77,856 (+32.1%), from €242,359 to €320,215
- Taxes +€9,851
up €9,851 (+12.1%), from €81,668 to €91,519
- Gross operating margin +€4,374
up €4,374 (+1.4%), from €313,944 to €318,318
- Financial charges -€4,289
down €4,289 (-11.3%), from €38,111 to €33,822
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 | €2,993,532 | €3,119,712 | +€126,180 | +4.2% |
| Fixed assets | 21/28 | €1,215,925 | €1,139,914 | -€76,011 | -6.3% |
| Tangible fixed assets | 22/27 | €918,848 | €842,837 | -€76,011 | -8.3% |
| Land and buildings | 22 | €906,712 | €842,837 | -€63,875 | -7.0% |
| Furniture and vehicles | 24 | €12,136 | - | -€12,136 | |
| Financial fixed assets | 28 | €297,077 | €297,077 | = | 0.0% |
| Current assets | 29/58 | €1,777,607 | €1,979,798 | +€202,191 | +11.4% |
| Amounts receivable within one year | 40/41 | €530,468 | €576,824 | +€46,356 | +8.7% |
| Trade receivables | 40 | €212,475 | €207,970 | -€4,505 | -2.1% |
| Other amounts receivable | 41 | €317,993 | €368,854 | +€50,861 | +16.0% |
| Current investments | 50/53 | €1,166,552 | €1,084,513 | -€82,039 | -7.0% |
| Cash at bank and in hand | 54/58 | €79,566 | €317,405 | +€237,838 | +298.9% |
| Deferred charges and accrued income | 490/1 | €1,020 | €1,056 | +€35 | +3.5% |
| Total equity and liabilities | 10/49 | €2,993,532 | €3,119,712 | +€126,180 | +4.2% |
| Equity | 10/15 | €2,118,990 | €2,287,989 | +€168,999 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,100,390 | €2,269,389 | +€168,999 | +8.0% |
| Distributable reserves | 133 | €2,100,390 | €2,269,389 | +€168,999 | +8.0% |
| Amounts payable | 17/49 | €874,542 | €831,723 | -€42,819 | -4.9% |
| Amounts payable after more than one year | 17 | €422,044 | €372,160 | -€49,884 | -11.8% |
| Financial debts | 170/4 | €422,044 | €372,160 | -€49,884 | -11.8% |
| Amounts payable within one year | 42/48 | €443,599 | €450,663 | +€7,064 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €49,101 | €49,884 | +€782 | +1.6% |
| Trade debts | 44 | €268 | €50 | -€218 | -81.3% |
| Suppliers | 440/4 | €268 | €50 | -€218 | -81.3% |
| Taxes, remuneration and social security | 45 | €29,992 | €37,466 | +€7,474 | +24.9% |
| Taxes | 450/3 | €29,992 | €37,166 | +€7,174 | +23.9% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €364,237 | €363,263 | -€974 | -0.3% |
| Accrued charges and deferred income | 492/3 | €8,900 | €8,900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,145 | €76,011 | -€134 | -0.2% |
| Other operating charges | 640/8 | €7,566 | €7,582 | +€16 | +0.2% |
| Gross operating margin | 9900 | €313,944 | €318,318 | +€4,374 | +1.4% |
| Operating profit (loss) | 9901 | €230,234 | €234,725 | +€4,491 | +2.0% |
| Financial income | 75/76B | €242,359 | €320,215 | +€77,856 | +32.1% |
| Recurring financial income | 75 | €242,359 | €320,215 | +€77,856 | +32.1% |
| Financial charges | 65/66B | €38,111 | €33,822 | -€4,289 | -11.3% |
| Recurring financial charges | 65 | €38,111 | €33,822 | -€4,289 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €434,482 | €521,119 | +€86,636 | +19.9% |
| Income taxes | 67/77 | €81,668 | €91,519 | +€9,851 | +12.1% |
| Profit (loss) for the period | 9904 | €352,814 | €429,599 | +€76,785 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €352,814 | €429,599 | +€76,785 | +21.8% |
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 9 October 2026 via checked.be.