LIMARCO: 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.
LIMARCO
Largest movements
- Receivables within one year -€3.4m
down €3.4m (-49.7%), from €6.9m to €3.5m
of which Other amounts receivable: -€3.4m
- Financial fixed assets +€2.5m
up €2.5m (+50.4%), from €4.9m to €7.4m
- Deferred charges and accrued income -€621,203
down €621,203 (-40.5%), from €1.5m to €914,498
- Profit (loss) carried forward -€1.2m
down €1.2m (-34.6%), from €3.5m to €2.3m
- Other debts -€311,192
down €311,192 (-62.4%), from €498,587 to €187,394
- Provisions -€9.5m
down €9.5m, from €4.8m to -€4.8m
- Financial income -€34,434
down €34,434 (-26.5%), from €129,918 to €95,484
- Gross operating margin +€16,086
up €16,086 (+62.2%), from €25,845 to €41,931
- Financial charges -€5,686
down €5,686 (-20.1%), from €28,281 to €22,595
- Depreciation -€3,319
down €3,319 (-54.5%), from €6,086 to €2,767
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 | €13,511,765 | €11,934,030 | -€1.6m | -11.7% |
| Fixed assets | 21/28 | €5,070,382 | €7,539,177 | +€2.5m | +48.7% |
| Tangible fixed assets | 22/27 | €162,623 | €159,856 | -€2,767 | -1.7% |
| Land and buildings | 22 | €160,968 | €158,541 | -€2,427 | -1.5% |
| Plant, machinery and equipment | 23 | €1,655 | €1,315 | -€340 | -20.5% |
| Financial fixed assets | 28 | €4,907,759 | €7,379,321 | +€2.5m | +50.4% |
| Current assets | 29/58 | €8,441,383 | €4,394,853 | -€4.0m | -47.9% |
| Amounts receivable within one year | 40/41 | €6,873,365 | €3,460,391 | -€3.4m | -49.7% |
| Trade receivables | 40 | €780 | €780 | = | 0.0% |
| Other amounts receivable | 41 | €6,872,585 | €3,459,611 | -€3.4m | -49.7% |
| Cash at bank and in hand | 54/58 | €32,317 | €19,963 | -€12,354 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,535,701 | €914,498 | -€621,203 | -40.5% |
| Total equity and liabilities | 10/49 | €13,511,765 | €11,934,030 | -€1.6m | -11.7% |
| Equity | 10/15 | €12,675,857 | €11,480,933 | -€1.2m | -9.4% |
| 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 | €9,160,244 | €9,160,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €9,154,044 | €9,154,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,453,613 | €2,258,688 | -€1.2m | -34.6% |
| Amounts payable | 17/49 | €835,908 | €453,097 | -€382,811 | -45.8% |
| Amounts payable within one year | 42/48 | €823,196 | €431,511 | -€391,685 | -47.6% |
| Financial debts | 43 | €320,000 | €240,000 | -€80,000 | -25.0% |
| Credit institutions | 430/8 | €320,000 | €240,000 | -€80,000 | -25.0% |
| Trade debts | 44 | €4,609 | €4,117 | -€492 | -10.7% |
| Suppliers | 440/4 | €4,609 | €4,117 | -€492 | -10.7% |
| Other amounts payable | 47/48 | €498,587 | €187,394 | -€311,192 | -62.4% |
| Accrued charges and deferred income | 492/3 | €12,712 | €21,586 | +€8,874 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,086 | €2,767 | -€3,319 | -54.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,770,704 | -€4,770,704 | -€9.5m | |
| Other operating charges | 640/8 | €5,071 | €5,085 | +€14 | +0.3% |
| Non-recurring operating charges | 66A | - | €6,072,597 | +€6.1m | |
| Gross operating margin | 9900 | €25,845 | €41,931 | +€16,086 | +62.2% |
| Operating profit (loss) | 9901 | -€4,756,016 | -€1,267,814 | +€3.5m | +73.3% |
| Financial income | 75/76B | €129,918 | €95,484 | -€34,434 | -26.5% |
| Recurring financial income | 75 | €129,918 | €95,484 | -€34,434 | -26.5% |
| Financial charges | 65/66B | €28,281 | €22,595 | -€5,686 | -20.1% |
| Recurring financial charges | 65 | €28,281 | €22,595 | -€5,686 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,654,379 | -€1,194,925 | +€3.5m | +74.3% |
| Profit (loss) for the period | 9904 | -€4,654,379 | -€1,194,925 | +€3.5m | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,654,379 | -€1,194,925 | +€3.5m | +74.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.