LIMARU: 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.
What changed
LIMARU
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €2.0m-€905,852
Equity
€1.8m
2024 · €1.4m+€419,740
Cash
€359,446
2024 · €2.0m-€1.6m
Balance sheet total
€8.0m
2024 · €7.3m+€705,785
Largest movements
Assets
- Financial fixed assets +€3.5m
new in 2025: €3.5m
- Cash -€1.6m
down €1.6m (-81.6%), from €2.0m to €359,446
mainly Investment in fixed assets (net) (-€3.5m) and Other debts (-€1.9m)
- Stocks and contracts -€1.1m
down €1.1m (-31.6%), from €3.4m to €2.4m
- Receivables within one year -€117,327
down €117,327 (-6.8%), from €1.7m to €1.6m
of which Trade receivables: -€164,975
Equity and liabilities
- Debts after one year +€2.3m
new in 2025: €2.3m
- Short-term financial debts +€2.0m
up €2.0m (+749.7%), from €272,168 to €2.3m
of which Credit institutions: +€2.1m
- Other debts -€1.9m
down €1.9m (-73.1%), from €2.6m to €705,828
- Trade debts -€1.2m
down €1.2m (-65.3%), from €1.9m to €662,053
- Tax, wage and social debts -€777,809
down €777,809 (-88.9%), from €875,166 to €97,357
of which Taxes: -€720,657
Income statement
- Turnover -€5.7m
down €5.7m (-29.8%), from €19.3m to €13.5m
- Goods and materials -€4.7m
down €4.7m (-35.1%), from €13.5m to €8.8m
of which Purchases: -€6.2m
- Taxes -€290,273
down €290,273 (-50.4%), from €575,997 to €285,724
of which Taxes: -€305,534
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.
Result 2024
€2.0m
Turnover
-€5.7m
Other operating income
-€62,935
Goods and materials
+€4.7m
Services and other goods
-€66,010
Staff costs
-€81,182
Depreciation
+€30,424
Other operating charges
-€3,364
Other operating items
-€4,285
Financial income
+€163,569
Financial charges
-€172,574
Taxes
+€290,273
Result 2025
€1.1m
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.
From operations
-€1.5m
Investment
-€3.5m
Financing
+€3.4m
Cash 2024
€2.0m
From operations (derived)
-€1.5m
Net result for the year
+€1.1m
Depreciation
+€34,900
Stocks and contracts
+€1.1m
Receivables within one year
+€117,327
Deferred charges and accrued income
-€45,461
Trade debts
-€1.2m
Tax, wage and social debts
-€777,809
Advances received
+€55,636
Other debts
-€1.9m
Accrued charges and deferred income
+€40,132
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
+€3.4m
Debts after one year
+€2.3m
Current portion of long-term debt
-€189,373
Short-term financial debts
+€2.0m
Contributions, distributions and other
-€705,000
Cash 2025
€359,446
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,256,856 | €7,962,641 | +€705,785 | +9.7% |
| Fixed assets | 21/28 | €50,209 | €3,514,840 | +€3.5m | +6900.4% |
| Intangible fixed assets | 21 | €40,128 | €12,534 | -€27,593 | -68.8% |
| Tangible fixed assets | 22/27 | €10,082 | €17,305 | +€7,224 | +71.7% |
| Furniture and vehicles | 24 | €10,082 | €17,305 | +€7,224 | +71.7% |
| Financial fixed assets | 28 | - | €3,485,000 | +€3.5m | |
| Affiliated companies | 280/1 | - | €3,485,000 | +€3.5m | |
| Amounts receivable | 281 | - | €3,485,000 | +€3.5m | |
| Current assets | 29/58 | €7,206,647 | €4,447,802 | -€2.8m | -38.3% |
| Stocks and contracts in progress | 3 | €3,438,778 | €2,350,619 | -€1.1m | -31.6% |
| Stocks | 30/36 | €3,438,778 | €2,350,619 | -€1.1m | -31.6% |
| Goods purchased for resale | 34 | €3,438,778 | €2,350,619 | -€1.1m | -31.6% |
| Amounts receivable within one year | 40/41 | €1,727,020 | €1,609,694 | -€117,327 | -6.8% |
| Trade receivables | 40 | €1,651,867 | €1,486,892 | -€164,975 | -10.0% |
| Other amounts receivable | 41 | €75,154 | €122,802 | +€47,648 | +63.4% |
| Cash at bank and in hand | 54/58 | €1,958,266 | €359,446 | -€1.6m | -81.6% |
| Deferred charges and accrued income | 490/1 | €82,581 | €128,043 | +€45,461 | +55.1% |
| Total equity and liabilities | 10/49 | €7,256,856 | €7,962,641 | +€705,785 | +9.7% |
| Equity | 10/15 | €1,350,372 | €1,770,113 | +€419,740 | +31.1% |
| 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 | €1,288,372 | €1,708,113 | +€419,740 | +32.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,282,172 | €1,701,913 | +€419,740 | +32.7% |
| Amounts payable | 17/49 | €5,906,484 | €6,192,529 | +€286,045 | +4.8% |
| Amounts payable after more than one year | 17 | - | €2,280,000 | +€2.3m | |
| Financial debts | 170/4 | - | €2,280,000 | +€2.3m | |
| Other loans | 174 | - | €2,280,000 | +€2.3m | |
| Amounts payable within one year | 42/48 | €5,906,484 | €3,872,396 | -€2.0m | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €189,373 | €0 | -€189,373 | -100.0% |
| Financial debts | 43 | €272,168 | €2,312,704 | +€2.0m | +749.7% |
| Credit institutions | 430/8 | €187,500 | €2,312,704 | +€2.1m | +1133.4% |
| Other loans | 439 | €84,668 | - | -€84,668 | |
| Trade debts | 44 | €1,906,689 | €662,053 | -€1.2m | -65.3% |
| Suppliers | 440/4 | €1,906,689 | €662,053 | -€1.2m | -65.3% |
| Advances received on contracts in progress | 46 | €38,818 | €94,454 | +€55,636 | +143.3% |
| Taxes, remuneration and social security | 45 | €875,166 | €97,357 | -€777,809 | -88.9% |
| Taxes | 450/3 | €725,440 | €4,783 | -€720,657 | -99.3% |
| Remuneration and social security | 454/9 | €149,726 | €92,574 | -€57,152 | -38.2% |
| Other amounts payable | 47/48 | €2,624,270 | €705,828 | -€1.9m | -73.1% |
| Accrued charges and deferred income | 492/3 | - | €40,132 | +€40,132 | |
| Operating income | 70/76A | €19,422,672 | €13,611,810 | -€5.8m | -29.9% |
| Turnover | 70 | €19,286,235 | €13,538,308 | -€5.7m | -29.8% |
| Other operating income | 74 | €136,437 | €73,502 | -€62,935 | -46.1% |
| Operating charges | 60/66A | €16,769,011 | €12,145,269 | -€4.6m | -27.6% |
| Goods for resale, raw materials and consumables | 60 | €13,510,418 | €8,762,259 | -€4.7m | -35.1% |
| Purchases | 600/8 | €13,869,542 | €7,674,100 | -€6.2m | -44.7% |
| Change in stocks: decrease (increase) | 609 | -€359,125 | €1,088,159 | +€1.4m | |
| Services and other goods | 61 | €2,079,096 | €2,145,106 | +€66,010 | +3.2% |
| Remuneration, social security and pensions | 62 | €1,113,301 | €1,194,483 | +€81,182 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,324 | €34,900 | -€30,424 | -46.6% |
| Other operating charges | 640/8 | €872 | €4,236 | +€3,364 | +385.6% |
| Non-recurring operating charges | 66A | - | €4,285 | +€4,285 | |
| Operating profit (loss) | 9901 | €2,653,661 | €1,466,541 | -€1.2m | -44.7% |
| Financial income | 75/76B | €15,954 | €179,523 | +€163,569 | +1025.2% |
| Recurring financial income | 75 | €15,954 | €179,523 | +€163,569 | +1025.2% |
| Income from financial fixed assets | 750 | - | €59,914 | +€59,914 | |
| Income from current assets | 751 | €15,774 | €0 | -€15,774 | -100.0% |
| Other financial income | 752/9 | €180 | €119,609 | +€119,428 | +66209.2% |
| Financial charges | 65/66B | €63,026 | €235,600 | +€172,574 | +273.8% |
| Recurring financial charges | 65 | €63,026 | €235,600 | +€172,574 | +273.8% |
| Debt charges | 650 | €46,050 | €130,305 | +€84,255 | +183.0% |
| Other financial charges | 652/9 | €16,976 | €105,295 | +€88,319 | +520.3% |
| Profit (loss) for the period before taxes | 9903 | €2,606,589 | €1,410,464 | -€1.2m | -45.9% |
| Income taxes | 67/77 | €575,997 | €285,724 | -€290,273 | -50.4% |
| Taxes | 670/3 | €592,843 | €287,309 | -€305,534 | -51.5% |
| Tax adjustments and reversals of tax provisions | 77 | €16,846 | €1,586 | -€15,261 | -90.6% |
| Profit (loss) for the period | 9904 | €2,030,593 | €1,124,740 | -€905,852 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,030,593 | €1,124,740 | -€905,852 | -44.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.