LIMES: 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.
LIMES
Largest movements
- Receivables within one year -€45,635
down €45,635 (-13.6%), from €334,678 to €289,043
of which Trade receivables: -€50,706
- Cash +€12,042
up €12,042 (+18.4%), from €65,581 to €77,623
mainly Receivables within one year (+€45,635) and Depreciation (+€27,174)
- Tangible fixed assets +€8,272
up €8,272 (+14.8%), from €56,075 to €64,348
of which Furniture and vehicles: +€8,675
- Tax, wage and social debts -€23,370
down €23,370 (-21.4%), from €109,383 to €86,013
of which Remuneration and social security: -€22,143
- Trade debts -€5,186
down €5,186 (-16.0%), from €32,357 to €27,171
- Profit (loss) carried forward +€4,996
up €4,996 (+9.7%), from €51,638 to €56,634
- Staff costs -€144,636
down €144,636 (-30.1%), from €480,591 to €335,955
- Gross operating margin -€140,887
down €140,887 (-27.0%), from €521,817 to €380,929
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 | €468,497 | €445,441 | -€23,056 | -4.9% |
| Fixed assets | 21/28 | €57,214 | €64,992 | +€7,778 | +13.6% |
| Intangible fixed assets | 21 | €1,139 | €645 | -€494 | -43.4% |
| Tangible fixed assets | 22/27 | €56,075 | €64,348 | +€8,272 | +14.8% |
| Plant, machinery and equipment | 23 | €1,228 | €825 | -€403 | -32.8% |
| Furniture and vehicles | 24 | €54,848 | €63,522 | +€8,675 | +15.8% |
| Current assets | 29/58 | €411,283 | €380,449 | -€30,833 | -7.5% |
| Amounts receivable within one year | 40/41 | €334,678 | €289,043 | -€45,635 | -13.6% |
| Trade receivables | 40 | €334,056 | €283,349 | -€50,706 | -15.2% |
| Other amounts receivable | 41 | €622 | €5,694 | +€5,072 | +815% |
| Cash at bank and in hand | 54/58 | €65,581 | €77,623 | +€12,042 | +18.4% |
| Deferred charges and accrued income | 490/1 | €11,024 | €13,783 | +€2,759 | +25.0% |
| Total equity and liabilities | 10/49 | €468,497 | €445,441 | -€23,056 | -4.9% |
| Equity | 10/15 | €76,757 | €81,753 | +€4,996 | +6.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €329 | €329 | = | 0.0% |
| Distributable reserves | 133 | €329 | €329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,638 | €56,634 | +€4,996 | +9.7% |
| Amounts payable | 17/49 | €391,740 | €363,689 | -€28,051 | -7.2% |
| Amounts payable within one year | 42/48 | €391,740 | €363,184 | -€28,556 | -7.3% |
| Trade debts | 44 | €32,357 | €27,171 | -€5,186 | -16.0% |
| Suppliers | 440/4 | €32,357 | €27,171 | -€5,186 | -16.0% |
| Taxes, remuneration and social security | 45 | €109,383 | €86,013 | -€23,370 | -21.4% |
| Taxes | 450/3 | €39,742 | €38,515 | -€1,227 | -3.1% |
| Remuneration and social security | 454/9 | €69,641 | €47,497 | -€22,143 | -31.8% |
| Other amounts payable | 47/48 | €250,000 | €250,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €505 | +€505 | |
| Non-recurring operating income | 76A | - | €368 | +€368 | |
| Remuneration, social security and pensions | 62 | €480,591 | €335,955 | -€144,636 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,047 | €27,174 | +€4,127 | +17.9% |
| Other operating charges | 640/8 | €715 | €1,084 | +€369 | +51.6% |
| Gross operating margin | 9900 | €521,817 | €380,929 | -€140,887 | -27.0% |
| Operating profit (loss) | 9901 | €17,464 | €16,717 | -€747 | -4.3% |
| Financial charges | 65/66B | €4,800 | €4,573 | -€227 | -4.7% |
| Recurring financial charges | 65 | €4,800 | €4,573 | -€227 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €12,664 | €12,144 | -€520 | -4.1% |
| Income taxes | 67/77 | €6,916 | €7,148 | +€232 | +3.4% |
| Profit (loss) for the period | 9904 | €5,748 | €4,996 | -€752 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,748 | €4,996 | -€752 | -13.1% |
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 20 October 2026 via checked.be.