LIMACO: what changed
Two fiscal 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.
LIMACO
Largest movements
- Current investments -€849,864
down €849,864 (-73.9%), from €1.2m to €300,494
- Deferred charges and accrued income -€410,271
down €410,271 (-98.1%), from €418,008 to €7,736
- Receivables within one year -€129,819
down €129,819 (-80.7%), from €160,787 to €30,967
of which Other amounts receivable: -€74,035
- Cash -€51,523
down €51,523 (-65.0%), from €79,293 to €27,770
mainly Accrued charges and deferred income (-€2.0m) and Investment in fixed assets (net) (-€24,440)
- Intangible fixed assets +€24,690
new in 2024: €24,690
- Accrued charges and deferred income -€2.0m
no longer reported in 2024 (was €2.0m)
- Profit (loss) carried forward +€547,953
up €547,953, from -€334,379 to €213,574
- Gross operating margin +€1.2m
up €1.2m, from -€595,496 to €629,776
- Taxes +€80,477
up €80,477 (+13974.8%), from €576 to €81,052
- Financial income +€6,418
up €6,418 (+577.1%), from €1,112 to €7,530
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,819,735 | €400,346 | -€1.4m | -78.0% |
| Fixed assets | 21/28 | €11,289 | €33,377 | +€22,088 | +195.7% |
| Intangible fixed assets | 21 | - | €24,690 | +€24,690 | |
| Tangible fixed assets | 22/27 | €11,039 | €8,687 | -€2,352 | -21.3% |
| Plant, machinery and equipment | 23 | €4,417 | €3,833 | -€583 | -13.2% |
| Furniture and vehicles | 24 | €6,623 | €4,854 | -€1,769 | -26.7% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €1,808,445 | €366,968 | -€1.4m | -79.7% |
| Amounts receivable within one year | 40/41 | €160,787 | €30,967 | -€129,819 | -80.7% |
| Trade receivables | 40 | €55,972 | €188 | -€55,785 | -99.7% |
| Other amounts receivable | 41 | €104,815 | €30,780 | -€74,035 | -70.6% |
| Current investments | 50/53 | €1,150,358 | €300,494 | -€849,864 | -73.9% |
| Cash at bank and in hand | 54/58 | €79,293 | €27,770 | -€51,523 | -65.0% |
| Deferred charges and accrued income | 490/1 | €418,008 | €7,736 | -€410,271 | -98.1% |
| Total equity and liabilities | 10/49 | €1,819,735 | €400,346 | -€1.4m | -78.0% |
| Equity | 10/15 | -€265,291 | €282,662 | +€547,953 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,088 | €7,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €888 | €888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,379 | €213,574 | +€547,953 | |
| Amounts payable | 17/49 | €2,085,026 | €117,684 | -€2.0m | -94.4% |
| Amounts payable within one year | 42/48 | €132,277 | €117,684 | -€14,593 | -11.0% |
| Trade debts | 44 | €44,761 | €27,605 | -€17,156 | -38.3% |
| Suppliers | 440/4 | €44,761 | €27,605 | -€17,156 | -38.3% |
| Taxes, remuneration and social security | 45 | €2,757 | €1,461 | -€1,296 | -47.0% |
| Taxes | 450/3 | €2,757 | €1,461 | -€1,296 | -47.0% |
| Other amounts payable | 47/48 | €84,758 | €88,617 | +€3,859 | +4.6% |
| Accrued charges and deferred income | 492/3 | €1,952,749 | - | -€2.0m | |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,352 | €2,352 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,538 | - | +€4,538 | |
| Other operating charges | 640/8 | €1,912 | €528 | -€1,384 | -72.4% |
| Gross operating margin | 9900 | -€595,496 | €629,776 | +€1.2m | |
| Operating profit (loss) | 9901 | -€595,222 | €626,896 | +€1.2m | |
| Financial income | 75/76B | €1,112 | €7,530 | +€6,418 | +577.1% |
| Recurring financial income | 75 | €1,112 | €7,530 | +€6,418 | +577.1% |
| Financial charges | 65/66B | €6,776 | €5,420 | -€1,356 | -20.0% |
| Recurring financial charges | 65 | €6,776 | €5,420 | -€1,356 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€600,887 | €629,005 | +€1.2m | |
| Income taxes | 67/77 | €576 | €81,052 | +€80,477 | +13974.8% |
| Profit (loss) for the period | 9904 | -€601,462 | €547,953 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€601,462 | €547,953 | +€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.