LIMITS: 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.
LIMITS
Largest movements
- Cash -€267,925
down €267,925 (-48.8%), from €548,550 to €280,624
mainly Current investments (-€255,500) and Other debts (-€96,255)
- Current investments +€255,500
up €255,500 (+34.0%), from €751,000 to €1.0m
- Other debts -€96,255
down €96,255 (-96.3%), from €100,000 to €3,745
- Reserves +€81,365
up €81,365 (+5.7%), from €1.4m to €1.5m
of which Distributable reserves: +€81,365
- Financial income -€5,675
down €5,675 (-50.8%), from €11,178 to €5,503
- Gross operating margin +€5,063
up €5,063 (+3.8%), from €134,303 to €139,365
- Depreciation -€1,681
down €1,681 (-6.2%), from €27,172 to €25,492
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 | €1,581,593 | €1,558,153 | -€23,440 | -1.5% |
| Fixed assets | 21/28 | €281,308 | €266,384 | -€14,924 | -5.3% |
| Tangible fixed assets | 22/27 | €281,308 | €266,384 | -€14,924 | -5.3% |
| Land and buildings | 22 | €273,578 | €253,944 | -€19,634 | -7.2% |
| Plant, machinery and equipment | 23 | €4,916 | €10,385 | +€5,469 | +111% |
| Furniture and vehicles | 24 | €2,814 | €2,055 | -€758 | -27.0% |
| Current assets | 29/58 | €1,300,285 | €1,291,769 | -€8,516 | -0.7% |
| Amounts receivable within one year | 40/41 | €735 | €4,644 | +€3,909 | +532% |
| Other amounts receivable | 41 | €735 | €4,644 | +€3,909 | +532% |
| Current investments | 50/53 | €751,000 | €1,006,500 | +€255,500 | +34.0% |
| Cash at bank and in hand | 54/58 | €548,550 | €280,624 | -€267,925 | -48.8% |
| Total equity and liabilities | 10/49 | €1,581,593 | €1,558,153 | -€23,440 | -1.5% |
| Equity | 10/15 | €1,457,736 | €1,539,102 | +€81,365 | +5.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,439,186 | €1,520,552 | +€81,365 | +5.7% |
| Non-distributable reserves | 130/1 | €53,552 | €53,552 | = | 0.0% |
| Legal reserve | 130 | €53,552 | €53,552 | = | 0.0% |
| Distributable reserves | 133 | €1,385,634 | €1,466,999 | +€81,365 | +5.9% |
| Amounts payable | 17/49 | €123,856 | €19,051 | -€104,805 | -84.6% |
| Amounts payable within one year | 42/48 | €123,856 | €19,051 | -€104,805 | -84.6% |
| Trade debts | 44 | €362 | €407 | +€45 | +12.4% |
| Suppliers | 440/4 | €362 | €407 | +€45 | +12.4% |
| Taxes, remuneration and social security | 45 | €23,494 | €14,899 | -€8,595 | -36.6% |
| Taxes | 450/3 | €23,494 | €14,899 | -€8,595 | -36.6% |
| Other amounts payable | 47/48 | €100,000 | €3,745 | -€96,255 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,172 | €25,492 | -€1,681 | -6.2% |
| Other operating charges | 640/8 | €4,833 | €4,725 | -€108 | -2.2% |
| Gross operating margin | 9900 | €134,303 | €139,365 | +€5,063 | +3.8% |
| Operating profit (loss) | 9901 | €102,297 | €109,148 | +€6,851 | +6.7% |
| Financial income | 75/76B | €11,178 | €5,503 | -€5,675 | -50.8% |
| Recurring financial income | 75 | €11,178 | €5,503 | -€5,675 | -50.8% |
| Financial charges | 65/66B | €251 | €344 | +€93 | +37.1% |
| Recurring financial charges | 65 | €251 | €344 | +€93 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €113,224 | €114,308 | +€1,083 | +1.0% |
| Income taxes | 67/77 | €32,692 | €32,942 | +€251 | +0.8% |
| Profit (loss) for the period | 9904 | €80,532 | €81,365 | +€833 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,532 | €81,365 | +€833 | +1.0% |
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 25 October 2026 via checked.be.