LIMONADE: 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.
LIMONADE
Largest movements
- Cash +€83,534
up €83,534 (+165%), from €50,691 to €134,224
mainly Net result for the year (+€77,346) and Tax, wage and social debts (+€14,732)
- Tangible fixed assets -€6,173
down €6,173 (-11.0%), from €56,306 to €50,133
of which Furniture and vehicles: -€7,797
- Profit (loss) carried forward +€77,346
up €77,346 (+80.9%), from €95,566 to €172,912
- Tax, wage and social debts +€14,732
up €14,732 (+113%), from €13,049 to €27,781
of which Taxes: +€14,692
- Other debts -€12,598
down €12,598 (-94.6%), from €13,319 to €721
- Gross operating margin -€36,081
down €36,081 (-24.2%), from €148,985 to €112,904
- Taxes -€9,116
down €9,116 (-29.7%), from €30,653 to €21,537
- Depreciation +€5,880
up €5,880 (+75.1%), from €7,830 to €13,711
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 | €126,603 | €205,982 | +€79,379 | +62.7% |
| Formation expenses | 20 | - | €775 | +€775 | |
| Fixed assets | 21/28 | €57,342 | €50,133 | -€7,209 | -12.6% |
| Intangible fixed assets | 21 | €1,036 | - | -€1,036 | |
| Tangible fixed assets | 22/27 | €56,306 | €50,133 | -€6,173 | -11.0% |
| Land and buildings | 22 | - | €1,782 | +€1,782 | |
| Plant, machinery and equipment | 23 | €1,526 | €1,368 | -€158 | -10.4% |
| Furniture and vehicles | 24 | €54,780 | €46,983 | -€7,797 | -14.2% |
| Current assets | 29/58 | €69,261 | €155,075 | +€85,813 | +124% |
| Amounts receivable within one year | 40/41 | €17,372 | €19,429 | +€2,057 | +11.8% |
| Trade receivables | 40 | €3,025 | €5,082 | +€2,057 | +68.0% |
| Other amounts receivable | 41 | €14,347 | €14,347 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,691 | €134,224 | +€83,534 | +165% |
| Deferred charges and accrued income | 490/1 | €1,198 | €1,421 | +€223 | +18.6% |
| Total equity and liabilities | 10/49 | €126,603 | €205,982 | +€79,379 | +62.7% |
| Equity | 10/15 | €98,566 | €175,912 | +€77,346 | +78.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,566 | €172,912 | +€77,346 | +80.9% |
| Amounts payable | 17/49 | €28,037 | €30,070 | +€2,033 | +7.2% |
| Amounts payable within one year | 42/48 | €28,037 | €30,070 | +€2,033 | +7.2% |
| Financial debts | 43 | €1,396 | €79 | -€1,318 | -94.4% |
| Credit institutions | 430/8 | €1,396 | €79 | -€1,318 | -94.4% |
| Trade debts | 44 | €273 | €1,489 | +€1,216 | +446% |
| Suppliers | 440/4 | €273 | €1,489 | +€1,216 | +446% |
| Taxes, remuneration and social security | 45 | €13,049 | €27,781 | +€14,732 | +113% |
| Taxes | 450/3 | €13,049 | €27,741 | +€14,692 | +113% |
| Remuneration and social security | 454/9 | - | €40 | +€40 | |
| Other amounts payable | 47/48 | €13,319 | €721 | -€12,598 | -94.6% |
| Remuneration, social security and pensions | 62 | €363 | - | -€363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,830 | €13,711 | +€5,880 | +75.1% |
| Other operating charges | 640/8 | €93 | €191 | +€97 | +104% |
| Gross operating margin | 9900 | €148,985 | €112,904 | -€36,081 | -24.2% |
| Operating profit (loss) | 9901 | €140,698 | €99,002 | -€41,696 | -29.6% |
| Financial income | 75/76B | €20 | €2 | -€17 | -88.8% |
| Recurring financial income | 75 | €20 | €2 | -€17 | -88.8% |
| Financial charges | 65/66B | €199 | €121 | -€78 | -39.2% |
| Recurring financial charges | 65 | €199 | €121 | -€78 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €140,519 | €98,883 | -€41,636 | -29.6% |
| Income taxes | 67/77 | €30,653 | €21,537 | -€9,116 | -29.7% |
| Profit (loss) for the period | 9904 | €109,866 | €77,346 | -€32,520 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,866 | €77,346 | -€32,520 | -29.6% |
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 13 October 2026 via checked.be.