LIMACO-DS: 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.
LIMACO-DS
Largest movements
- Receivables within one year -€12,742
down €12,742 (-97.9%), from €13,014 to €272
- Cash -€8,197
down €8,197 (-6.9%), from €118,432 to €110,235
mainly Contributions, distributions and other (-€42,376) and Investment in fixed assets (net) (-€7,510)
- Financial fixed assets +€7,510
up €7,510 (+23.1%), from €32,500 to €40,010
- Tangible fixed assets -€3,256
down €3,256 (-25.0%), from €13,013 to €9,758
- Reserves -€10,807
down €10,807 (-7.6%), from €141,626 to €130,820
of which Distributable reserves: -€10,807
- Tax, wage and social debts -€6,481
down €6,481 (-37.4%), from €17,332 to €10,851
- Gross operating margin +€9,551
up €9,551 (+25.1%), from €38,031 to €47,583
- Taxes +€1,549
up €1,549 (+14.1%), from €11,006 to €12,556
- Financial income -€500
down €500 (-38.5%), from €1,300 to €800
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.
Cash bridge derived
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 | €177,559 | €160,274 | -€17,284 | -9.7% |
| Fixed assets | 21/28 | €45,513 | €49,768 | +€4,254 | +9.3% |
| Tangible fixed assets | 22/27 | €13,013 | €9,758 | -€3,256 | -25.0% |
| Furniture and vehicles | 24 | €13,013 | €9,758 | -€3,256 | -25.0% |
| Financial fixed assets | 28 | €32,500 | €40,010 | +€7,510 | +23.1% |
| Current assets | 29/58 | €132,045 | €110,507 | -€21,539 | -16.3% |
| Amounts receivable within one year | 40/41 | €13,014 | €272 | -€12,742 | -97.9% |
| Other amounts receivable | 41 | €13,014 | €272 | -€12,742 | -97.9% |
| Cash at bank and in hand | 54/58 | €118,432 | €110,235 | -€8,197 | -6.9% |
| Deferred charges and accrued income | 490/1 | €600 | - | -€600 | |
| Total equity and liabilities | 10/49 | €177,559 | €160,274 | -€17,284 | -9.7% |
| Equity | 10/15 | €160,226 | €149,420 | -€10,807 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,626 | €130,820 | -€10,807 | -7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,766 | €128,960 | -€10,807 | -7.7% |
| Amounts payable | 17/49 | €17,332 | €10,855 | -€6,478 | -37.4% |
| Amounts payable within one year | 42/48 | €17,332 | €10,855 | -€6,478 | -37.4% |
| Taxes, remuneration and social security | 45 | €17,332 | €10,851 | -€6,481 | -37.4% |
| Taxes | 450/3 | €17,332 | €10,851 | -€6,481 | -37.4% |
| Other amounts payable | 47/48 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €3,256 | -€318 | -8.9% |
| Other operating charges | 640/8 | €869 | €891 | +€22 | +2.5% |
| Gross operating margin | 9900 | €38,031 | €47,583 | +€9,551 | +25.1% |
| Operating profit (loss) | 9901 | €33,589 | €43,436 | +€9,847 | +29.3% |
| Financial income | 75/76B | €1,300 | €800 | -€500 | -38.5% |
| Recurring financial income | 75 | €1,300 | €800 | -€500 | -38.5% |
| Financial charges | 65/66B | €215 | €111 | -€105 | -48.6% |
| Recurring financial charges | 65 | €215 | €111 | -€105 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €34,673 | €44,125 | +€9,452 | +27.3% |
| Income taxes | 67/77 | €11,006 | €12,556 | +€1,549 | +14.1% |
| Profit (loss) for the period | 9904 | €23,667 | €31,569 | +€7,903 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,667 | €31,569 | +€7,903 | +33.4% |
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 9 October 2026 via checked.be.