SAID LIMO: 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.
SAID LIMO
Largest movements
- Tangible fixed assets -€67,895
down €67,895 (-76.0%), from €89,280 to €21,385
of which Furniture and vehicles: -€64,955
- Cash +€29,886
up €29,886 (+1,372%), from €2,178 to €32,064
mainly Investment in fixed assets (net) (+€64,955) and Receivables within one year (+€6,289)
- Receivables within one year -€6,289
down €6,289 (-95.7%), from €6,570 to €281
of which Trade receivables: -€6,570
- Other debts -€21,354
down €21,354 (-23.5%), from €90,829 to €69,474
- Profit (loss) carried forward -€19,594
down €19,594 (-29,140%), from -€67 to -€19,661
- Tax, wage and social debts -€3,798
no longer reported in 2025 (was €3,798)
- Gross operating margin -€36,935
down €36,935, from €31,516 to -€5,419
- Other operating charges +€7,131
up €7,131 (+183%), from €3,903 to €11,035
- Depreciation -€5,956
down €5,956 (-66.9%), from €8,896 to €2,941
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 | €100,879 | €56,580 | -€44,298 | -43.9% |
| Fixed assets | 21/28 | €92,130 | €24,235 | -€67,895 | -73.7% |
| Tangible fixed assets | 22/27 | €89,280 | €21,385 | -€67,895 | -76.0% |
| Plant, machinery and equipment | 23 | €24,326 | €21,385 | -€2,941 | -12.1% |
| Furniture and vehicles | 24 | €64,955 | - | -€64,955 | |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €8,748 | €32,345 | +€23,597 | +270% |
| Amounts receivable within one year | 40/41 | €6,570 | €281 | -€6,289 | -95.7% |
| Trade receivables | 40 | €6,570 | - | -€6,570 | |
| Other amounts receivable | 41 | - | €281 | +€281 | |
| Cash at bank and in hand | 54/58 | €2,178 | €32,064 | +€29,886 | +1,372% |
| Total equity and liabilities | 10/49 | €100,879 | €56,580 | -€44,298 | -43.9% |
| Equity | 10/15 | €6,133 | -€13,461 | -€19,594 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67 | -€19,661 | -€19,594 | -29,140% |
| Amounts payable | 17/49 | €94,746 | €70,041 | -€24,705 | -26.1% |
| Amounts payable within one year | 42/48 | €94,746 | €70,041 | -€24,705 | -26.1% |
| Trade debts | 44 | €120 | €567 | +€447 | +373% |
| Suppliers | 440/4 | €120 | €567 | +€447 | +373% |
| Taxes, remuneration and social security | 45 | €3,798 | - | -€3,798 | |
| Taxes | 450/3 | €3,798 | - | -€3,798 | |
| Other amounts payable | 47/48 | €90,829 | €69,474 | -€21,354 | -23.5% |
| Non-recurring operating income | 76A | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,896 | €2,941 | -€5,956 | -66.9% |
| Other operating charges | 640/8 | €3,903 | €11,035 | +€7,131 | +183% |
| Gross operating margin | 9900 | €31,516 | -€5,419 | -€36,935 | |
| Operating profit (loss) | 9901 | €18,716 | -€19,395 | -€38,111 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €264 | €199 | -€65 | -24.7% |
| Recurring financial charges | 65 | €264 | €199 | -€65 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €18,452 | -€19,594 | -€38,046 | |
| Profit (loss) for the period | 9904 | €18,452 | -€19,594 | -€38,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,452 | -€19,594 | -€38,046 |
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 31 October 2026 via checked.be.