LIMBOTEX: 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.
LIMBOTEX
Largest movements
- Receivables within one year -€535,445
down €535,445 (-57.0%), from €940,013 to €404,568
of which Trade receivables: -€481,514
- Stocks and contracts -€297,035
down €297,035 (-27.5%), from €1.1m to €782,849
- Tangible fixed assets +€175,583
up €175,583 (+69.9%), from €251,191 to €426,774
of which Plant, machinery and equipment: +€196,005
- Cash +€48,996
up €48,996 (+9.5%), from €513,178 to €562,174
mainly Receivables within one year (+€535,445) and Stocks and contracts (+€297,035)
- Trade debts -€652,916
down €652,916 (-76.3%), from €855,405 to €202,489
- Reserves +€98,418
up €98,418 (+5.9%), from €1.7m to €1.8m
of which Distributable reserves: +€98,418
- Tax, wage and social debts -€55,058
down €55,058 (-36.6%), from €150,505 to €95,446
of which Remuneration and social security: -€56,412
- Gross operating margin +€127,286
up €127,286 (+11.1%), from €1.2m to €1.3m
- Depreciation +€80,367
up €80,367 (+100.1%), from €80,277 to €160,644
- Staff costs -€71,531
down €71,531 (-6.8%), from €1.0m to €976,094
- Taxes +€28,529
up €28,529 (+283.1%), from €10,076 to €38,605
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 | €2,787,839 | €2,178,283 | -€609,556 | -21.9% |
| Fixed assets | 21/28 | €251,191 | €426,774 | +€175,583 | +69.9% |
| Tangible fixed assets | 22/27 | €251,191 | €426,774 | +€175,583 | +69.9% |
| Land and buildings | 22 | €4,534 | €3,052 | -€1,482 | -32.7% |
| Plant, machinery and equipment | 23 | €170,575 | €366,580 | +€196,005 | +114.9% |
| Furniture and vehicles | 24 | €76,081 | €57,141 | -€18,940 | -24.9% |
| Current assets | 29/58 | €2,536,649 | €1,751,509 | -€785,139 | -31.0% |
| Stocks and contracts in progress | 3 | €1,079,884 | €782,849 | -€297,035 | -27.5% |
| Stocks | 30/36 | €1,079,884 | €782,849 | -€297,035 | -27.5% |
| Amounts receivable within one year | 40/41 | €940,013 | €404,568 | -€535,445 | -57.0% |
| Trade receivables | 40 | €817,707 | €336,193 | -€481,514 | -58.9% |
| Other amounts receivable | 41 | €122,306 | €68,375 | -€53,931 | -44.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €513,178 | €562,174 | +€48,996 | +9.5% |
| Deferred charges and accrued income | 490/1 | €3,574 | €1,919 | -€1,655 | -46.3% |
| Total equity and liabilities | 10/49 | €2,787,839 | €2,178,283 | -€609,556 | -21.9% |
| Equity | 10/15 | €1,781,929 | €1,880,348 | +€98,418 | +5.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,681,929 | €1,780,348 | +€98,418 | +5.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,671,929 | €1,770,348 | +€98,418 | +5.9% |
| Amounts payable | 17/49 | €1,005,910 | €297,935 | -€707,975 | -70.4% |
| Amounts payable within one year | 42/48 | €1,005,910 | €297,935 | -€707,975 | -70.4% |
| Trade debts | 44 | €855,405 | €202,489 | -€652,916 | -76.3% |
| Suppliers | 440/4 | €855,405 | €202,489 | -€652,916 | -76.3% |
| Taxes, remuneration and social security | 45 | €150,505 | €95,446 | -€55,058 | -36.6% |
| Taxes | 450/3 | €13,712 | €15,066 | +€1,354 | +9.9% |
| Remuneration and social security | 454/9 | €136,792 | €80,380 | -€56,412 | -41.2% |
| Remuneration, social security and pensions | 62 | €1,047,625 | €976,094 | -€71,531 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,277 | €160,644 | +€80,367 | +100.1% |
| Other operating charges | 640/8 | €5,873 | €2,984 | -€2,889 | -49.2% |
| Gross operating margin | 9900 | €1,150,726 | €1,278,012 | +€127,286 | +11.1% |
| Operating profit (loss) | 9901 | €16,951 | €138,290 | +€121,339 | +715.8% |
| Financial income | 75/76B | €9,285 | €97 | -€9,187 | -99.0% |
| Recurring financial income | 75 | €9,285 | €97 | -€9,187 | -99.0% |
| Financial charges | 65/66B | €3,848 | €1,364 | -€2,484 | -64.6% |
| Recurring financial charges | 65 | €3,848 | €1,364 | -€2,484 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €22,387 | €137,024 | +€114,637 | +512.1% |
| Income taxes | 67/77 | €10,076 | €38,605 | +€28,529 | +283.1% |
| Profit (loss) for the period | 9904 | €12,311 | €98,418 | +€86,108 | +699.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,311 | €98,418 | +€86,108 | +699.5% |
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 8 October 2026 via checked.be.