LIMBACO: 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.
LIMBACO
Largest movements
- Cash +€108,354
up €108,354 (+12.9%), from €842,701 to €951,055
mainly Depreciation (+€91,084) and Receivables within one year (+€72,122)
- Tangible fixed assets -€84,793
down €84,793 (-7.0%), from €1.2m to €1.1m
of which Land and buildings: -€58,221
- Receivables within one year -€72,122
down €72,122 (-20.4%), from €353,795 to €281,673
of which Trade receivables: -€56,452
- Stocks and contracts -€42,269
down €42,269 (-9.7%), from €435,532 to €393,264
- Profit (loss) carried forward -€70,817
down €70,817, from €41,392 to -€29,425
- Gross operating margin -€231,199
down €231,199 (-85.7%), from €269,908 to €38,709
- Write-downs -€169,000
down €169,000 (-100.0%), from €169,000 to €0
- Financial charges -€69,822
down €69,822 (-99.6%), from €70,135 to €312
- Financial income +€2,983
up €2,983 (+108.2%), from €2,758 to €5,740
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 | €3,296,274 | €3,207,025 | -€89,250 | -2.7% |
| Fixed assets | 21/28 | €1,639,628 | €1,554,835 | -€84,793 | -5.2% |
| Tangible fixed assets | 22/27 | €1,214,628 | €1,129,835 | -€84,793 | -7.0% |
| Land and buildings | 22 | €1,152,103 | €1,093,882 | -€58,221 | -5.1% |
| Plant, machinery and equipment | 23 | €17,389 | €11,331 | -€6,058 | -34.8% |
| Furniture and vehicles | 24 | €45,135 | €24,622 | -€20,513 | -45.4% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €1,656,647 | €1,652,190 | -€4,457 | -0.3% |
| Stocks and contracts in progress | 3 | €435,532 | €393,264 | -€42,269 | -9.7% |
| Stocks | 30/36 | €435,532 | €393,264 | -€42,269 | -9.7% |
| Amounts receivable within one year | 40/41 | €353,795 | €281,673 | -€72,122 | -20.4% |
| Trade receivables | 40 | €263,644 | €207,192 | -€56,452 | -21.4% |
| Other amounts receivable | 41 | €90,151 | €74,481 | -€15,670 | -17.4% |
| Cash at bank and in hand | 54/58 | €842,701 | €951,055 | +€108,354 | +12.9% |
| Deferred charges and accrued income | 490/1 | €24,618 | €26,198 | +€1,580 | +6.4% |
| Total equity and liabilities | 10/49 | €3,296,274 | €3,207,025 | -€89,250 | -2.7% |
| Equity | 10/15 | €2,101,814 | €2,030,996 | -€70,817 | -3.4% |
| Contributions | 10/11 | €1,292,500 | €1,292,500 | = | 0.0% |
| Capital | 10 | €1,292,500 | €1,292,500 | = | 0.0% |
| Issued capital | 100 | €1,292,500 | €1,292,500 | = | 0.0% |
| Reserves | 13 | €767,921 | €767,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €129,250 | €129,250 | = | 0.0% |
| Legal reserve | 130 | €129,250 | €129,250 | = | 0.0% |
| Distributable reserves | 133 | €638,671 | €638,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,392 | -€29,425 | -€70,817 | |
| Amounts payable | 17/49 | €1,194,461 | €1,176,028 | -€18,432 | -1.5% |
| Amounts payable within one year | 42/48 | €1,194,461 | €1,171,229 | -€23,232 | -1.9% |
| Trade debts | 44 | €12,071 | €4,033 | -€8,038 | -66.6% |
| Suppliers | 440/4 | €12,071 | €4,033 | -€8,038 | -66.6% |
| Taxes, remuneration and social security | 45 | €20,996 | €7,681 | -€13,315 | -63.4% |
| Taxes | 450/3 | €20,996 | €7,681 | -€13,315 | -63.4% |
| Other amounts payable | 47/48 | €1,161,394 | €1,159,514 | -€1,880 | -0.2% |
| Accrued charges and deferred income | 492/3 | €0 | €4,800 | +€4,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,639 | €91,084 | +€445 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €169,000 | €0 | -€169,000 | -100.0% |
| Other operating charges | 640/8 | €7,276 | €7,907 | +€631 | +8.7% |
| Non-recurring operating charges | 66A | - | €15,963 | +€15,963 | |
| Gross operating margin | 9900 | €269,908 | €38,709 | -€231,199 | -85.7% |
| Operating profit (loss) | 9901 | €2,993 | -€76,245 | -€79,238 | |
| Financial income | 75/76B | €2,758 | €5,740 | +€2,983 | +108.2% |
| Recurring financial income | 75 | €2,758 | €5,740 | +€2,983 | +108.2% |
| Financial charges | 65/66B | €70,135 | €312 | -€69,822 | -99.6% |
| Recurring financial charges | 65 | €70,135 | €312 | -€69,822 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€64,384 | -€70,817 | -€6,433 | -10.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€64,384 | -€70,817 | -€6,433 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,384 | -€70,817 | -€6,433 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.