LIMALCO: 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.
LIMALCO
Largest movements
- Receivables within one year +€296,122
up €296,122 (+42.1%), from €702,755 to €998,877
of which Other amounts receivable: +€445,514
- Tangible fixed assets -€98,475
down €98,475 (-20.0%), from €492,373 to €393,898
- Stocks and contracts +€92,684
up €92,684 (+421%), from €22,013 to €114,698
of which Contracts in progress: +€90,389
- Debts after one year +€80,987
new in 2025: €80,987
- Profit (loss) carried forward +€79,292
up €79,292 (+17.8%), from €446,346 to €525,639
- Trade debts +€74,059
up €74,059 (+11.3%), from €655,450 to €729,509
- Current portion of long-term debt +€49,044
new in 2025: €49,044
- Depreciation +€98,475
new in 2025: €98,475
- Gross operating margin +€92,166
up €92,166 (+56.0%), from €164,542 to €256,708
- Taxes -€24,347
down €24,347 (-45.9%), from €53,058 to €28,711
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 | €1,229,309 | €1,510,145 | +€280,835 | +22.8% |
| Fixed assets | 21/28 | €492,373 | €393,898 | -€98,475 | -20.0% |
| Tangible fixed assets | 22/27 | €492,373 | €393,898 | -€98,475 | -20.0% |
| Plant, machinery and equipment | 23 | €492,373 | €393,898 | -€98,475 | -20.0% |
| Current assets | 29/58 | €736,936 | €1,116,246 | +€379,310 | +51.5% |
| Stocks and contracts in progress | 3 | €22,013 | €114,698 | +€92,684 | +421% |
| Stocks | 30/36 | €9,882 | €12,178 | +€2,295 | +23.2% |
| Contracts in progress | 37 | €12,131 | €102,520 | +€90,389 | +745% |
| Amounts receivable within one year | 40/41 | €702,755 | €998,877 | +€296,122 | +42.1% |
| Trade receivables | 40 | €464,281 | €314,889 | -€149,392 | -32.2% |
| Other amounts receivable | 41 | €238,474 | €683,988 | +€445,514 | +187% |
| Cash at bank and in hand | 54/58 | €12,168 | €2,672 | -€9,496 | -78.0% |
| Total equity and liabilities | 10/49 | €1,229,309 | €1,510,145 | +€280,835 | +22.8% |
| Equity | 10/15 | €501,346 | €580,639 | +€79,292 | +15.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €446,346 | €525,639 | +€79,292 | +17.8% |
| Amounts payable | 17/49 | €727,963 | €929,506 | +€201,543 | +27.7% |
| Amounts payable after more than one year | 17 | - | €80,987 | +€80,987 | |
| Financial debts | 170/4 | - | €80,987 | +€80,987 | |
| Amounts payable within one year | 42/48 | €727,180 | €847,361 | +€120,181 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | - | €49,044 | +€49,044 | |
| Trade debts | 44 | €655,450 | €729,509 | +€74,059 | +11.3% |
| Suppliers | 440/4 | €655,450 | €729,509 | +€74,059 | +11.3% |
| Taxes, remuneration and social security | 45 | €71,729 | €68,808 | -€2,922 | -4.1% |
| Taxes | 450/3 | €67,363 | €61,977 | -€5,386 | -8.0% |
| Remuneration and social security | 454/9 | €4,367 | €6,831 | +€2,464 | +56.4% |
| Accrued charges and deferred income | 492/3 | €783 | €1,158 | +€375 | +47.8% |
| Remuneration, social security and pensions | 62 | €47,484 | €47,076 | -€408 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €98,475 | +€98,475 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €225 | €185 | -€40 | -17.8% |
| Other operating charges | 640/8 | €611 | €500 | -€112 | -18.3% |
| Gross operating margin | 9900 | €164,542 | €256,708 | +€92,166 | +56.0% |
| Operating profit (loss) | 9901 | €116,222 | €110,473 | -€5,749 | -4.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €937 | €2,469 | +€1,532 | +164% |
| Recurring financial charges | 65 | €937 | €2,469 | +€1,532 | +164% |
| Profit (loss) for the period before taxes | 9903 | €115,285 | €108,004 | -€7,281 | -6.3% |
| Income taxes | 67/77 | €53,058 | €28,711 | -€24,347 | -45.9% |
| Profit (loss) for the period | 9904 | €62,227 | €79,292 | +€17,066 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,227 | €79,292 | +€17,066 | +27.4% |
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 27 October 2026 via checked.be.