LIMACO BELGIUM: what changed
What changed
LIMACO BELGIUM
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €2.1m+€1.1m
Equity
€5.4m
2024 · €2.6m+€2.8m
Cash
€1.6m
2024 · €97,904+€1.5m
Balance sheet total
€10.0m
2024 · €4.9m+€5.1m
Largest movements
Assets
- Receivables within one year +€3.6m
up €3.6m (+320%), from €1.1m to €4.8m
- Cash +€1.5m
up €1.5m (+1,564%), from €97,904 to €1.6m
mainly Net result for the year (+€3.2m) and Trade debts (+€2.0m)
Equity and liabilities
- Trade debts +€2.0m
up €2.0m (+148%), from €1.4m to €3.4m
- Profit (loss) carried forward +€1.8m
up €1.8m (+103%), from €1.7m to €3.5m
- Reserves +€997,770
up €997,770 (+1,330%), from €75,000 to €1.1m
of which Tax-exempt reserves: +€997,770
- Advances received -€415,591
down €415,591 (-73.5%), from €565,507 to €149,916
- Other debts +€387,000
up €387,000 (+129%), from €300,000 to €687,000
Income statement
- Gross operating margin +€1.5m
up €1.5m (+52.2%), from €2.9m to €4.4m
- Taxes +€356,663
up €356,663 (+50.6%), from €704,907 to €1.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.1m
Gross operating margin
+€1.5m
Depreciation
-€4,816
Financial income
-€2,639
Financial charges
-€10,658
Taxes
-€356,663
Result 2025
€3.2m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.0m
Investment
-€15,760
Financing
-€450,000
Cash 2024
€97,904
From operations (derived)
+€2.0m
Net result for the year
+€3.2m
Depreciation
+€5,412
Stocks and contracts
+€35,976
Receivables within one year
-€3.6m
Deferred charges and accrued income
-€3,715
Trade debts
+€2.0m
Tax, wage and social debts
+€313,202
Advances received
-€415,591
Other debts
+€387,000
Accrued charges and deferred income
+€40,595
Investment (derived)
-€15,760
Investment in fixed assets (net)
-€15,760
Financing
-€450,000
Contributions, distributions and other
-€450,000
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,878,519 | €10,024,189 | +€5.1m | +105% |
| Fixed assets | 21/28 | €10,638 | €20,986 | +€10,348 | +97.3% |
| Intangible fixed assets | 21 | €7,326 | €18,852 | +€11,526 | +157% |
| Tangible fixed assets | 22/27 | €3,313 | €2,135 | -€1,178 | -35.6% |
| Plant, machinery and equipment | 23 | €3,313 | €2,135 | -€1,178 | -35.6% |
| Current assets | 29/58 | €4,867,881 | €10,003,203 | +€5.1m | +105% |
| Stocks and contracts in progress | 3 | €3,621,710 | €3,585,734 | -€35,976 | -1.0% |
| Stocks | 30/36 | €3,621,710 | €3,585,734 | -€35,976 | -1.0% |
| Amounts receivable within one year | 40/41 | €1,137,079 | €4,773,878 | +€3.6m | +320% |
| Trade receivables | 40 | €1,137,079 | €4,773,878 | +€3.6m | +320% |
| Cash at bank and in hand | 54/58 | €97,904 | €1,628,687 | +€1.5m | +1,564% |
| Deferred charges and accrued income | 490/1 | €11,188 | €14,903 | +€3,715 | +33.2% |
| Total equity and liabilities | 10/49 | €4,878,519 | €10,024,189 | +€5.1m | +105% |
| Equity | 10/15 | €2,565,372 | €5,352,093 | +€2.8m | +109% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €1,072,770 | +€997,770 | +1,330% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €997,770 | +€997,770 | |
| Profit (loss) carried forward | 14 | €1,740,372 | €3,529,323 | +€1.8m | +103% |
| Amounts payable | 17/49 | €2,313,147 | €4,672,097 | +€2.4m | +102% |
| Amounts payable within one year | 42/48 | €2,313,147 | €4,631,502 | +€2.3m | +100% |
| Trade debts | 44 | €1,372,316 | €3,406,060 | +€2.0m | +148% |
| Suppliers | 440/4 | €1,372,316 | €3,406,060 | +€2.0m | +148% |
| Advances received on contracts in progress | 46 | €565,507 | €149,916 | -€415,591 | -73.5% |
| Taxes, remuneration and social security | 45 | €75,325 | €388,527 | +€313,202 | +416% |
| Taxes | 450/3 | €75,325 | €388,527 | +€313,202 | +416% |
| Other amounts payable | 47/48 | €300,000 | €687,000 | +€387,000 | +129% |
| Accrued charges and deferred income | 492/3 | - | €40,595 | +€40,595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €5,412 | +€4,816 | +807% |
| Gross operating margin | 9900 | €2,863,822 | €4,359,947 | +€1.5m | +52.2% |
| Operating profit (loss) | 9901 | €2,863,226 | €4,354,535 | +€1.5m | +52.1% |
| Financial income | 75/76B | €3,195 | €556 | -€2,639 | -82.6% |
| Recurring financial income | 75 | €3,195 | €556 | -€2,639 | -82.6% |
| Financial charges | 65/66B | €46,142 | €56,800 | +€10,658 | +23.1% |
| Recurring financial charges | 65 | €46,142 | €56,800 | +€10,658 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €2,820,278 | €4,298,291 | +€1.5m | +52.4% |
| Income taxes | 67/77 | €704,907 | €1,061,570 | +€356,663 | +50.6% |
| Profit (loss) for the period | 9904 | €2,115,372 | €3,236,721 | +€1.1m | +53.0% |
| Transfer to tax-exempt reserves | 689 | - | €997,770 | +€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,115,372 | €2,238,951 | +€123,579 | +5.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.