LIMBURG WIND: 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.
What changed
LIMBURG WIND
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€674,124
2024 · €629,933+€44,191
Equity
€21.5m
2024 · €21.3m+€211,128
Cash
€218,057
2024 · €1.3m-€1.1m
Balance sheet total
€22.3m
2024 · €22.1m+€251,615
Largest movements
Assets
- Receivables after one year +€1.3m
up €1.3m (+6.4%), from €20.3m to €21.6m
- Cash -€1.1m
down €1.1m (-83.2%), from €1.3m to €218,057
mainly Receivables after one year (-€1.3m) and Contributions, distributions and other (-€462,997)
Equity and liabilities
- Contributions +€228,500
up €228,500 (+1.1%), from €21.0m to €21.2m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€629,933
Depreciation
+€1,040
Other operating charges
+€25
Other operating items
+€9,003
Financial income
+€39,395
Financial charges
+€2
Taxes
-€5,274
Result 2025
€674,124
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€612,015
Investment
-€2,138
Financing
-€462,997
Cash 2024
€1.3m
From operations (derived)
-€612,015
Net result for the year
+€674,124
Depreciation
+€5,099
Receivables after one year
-€1.3m
Smaller working-capital items
+€4,529
Deferred charges and accrued income
-€31,894
Trade debts
-€7,481
Other debts
+€43,607
Investment (derived)
-€2,138
Investment in fixed assets (net)
-€1,956
Current investments
-€181
Financing
-€462,997
Contributions, distributions and other
-€462,997
Cash 2025
€218,057
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,079,197 | €22,330,812 | +€251,615 | +1.1% |
| Formation expenses | 20 | €11,956 | €8,813 | -€3,143 | -26.3% |
| Current assets | 29/58 | €22,067,242 | €22,321,999 | +€254,758 | +1.2% |
| Amounts receivable after more than one year | 29 | €20,340,000 | €21,640,000 | +€1.3m | +6.4% |
| Other amounts receivable | 291 | €20,340,000 | €21,640,000 | +€1.3m | +6.4% |
| Amounts receivable within one year | 40/41 | €176 | €8 | -€168 | -95.7% |
| Other amounts receivable | 41 | €176 | €8 | -€168 | -95.7% |
| Current investments | 50/53 | €1,734 | €1,915 | +€181 | +10.5% |
| Other investments | 51/53 | €1,734 | €1,915 | +€181 | +10.5% |
| Cash at bank and in hand | 54/58 | €1,295,207 | €218,057 | -€1.1m | -83.2% |
| Deferred charges and accrued income | 490/1 | €430,126 | €462,020 | +€31,894 | +7.4% |
| Total equity and liabilities | 10/49 | €22,079,197 | €22,330,812 | +€251,615 | +1.1% |
| Equity | 10/15 | €21,275,757 | €21,486,884 | +€211,128 | +1.0% |
| Contributions | 10/11 | €20,989,000 | €21,217,500 | +€228,500 | +1.1% |
| Reserves | 13 | €286,757 | €269,384 | -€17,372 | -6.1% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €280,757 | €263,384 | -€17,372 | -6.2% |
| Amounts payable | 17/49 | €803,441 | €843,928 | +€40,487 | +5.0% |
| Amounts payable within one year | 42/48 | €790,920 | €829,769 | +€38,849 | +4.9% |
| Trade debts | 44 | €61,831 | €54,350 | -€7,481 | -12.1% |
| Suppliers | 440/4 | €61,831 | €54,350 | -€7,481 | -12.1% |
| Taxes, remuneration and social security | 45 | - | €2,722 | +€2,722 | |
| Taxes | 450/3 | - | €2,722 | +€2,722 | |
| Other amounts payable | 47/48 | €729,089 | €772,697 | +€43,607 | +6.0% |
| Accrued charges and deferred income | 492/3 | €12,521 | €14,160 | +€1,639 | +13.1% |
| Operating charges | 60/66A | €162,093 | €152,026 | -€10,067 | -6.2% |
| Services and other goods | 61 | €154,869 | €145,866 | -€9,003 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,139 | €5,099 | -€1,040 | -16.9% |
| Other operating charges | 640/8 | €1,085 | €1,060 | -€25 | -2.3% |
| Operating profit (loss) | 9901 | -€162,093 | -€152,026 | +€10,067 | +6.2% |
| Financial income | 75/76B | €790,506 | €829,902 | +€39,395 | +5.0% |
| Recurring financial income | 75 | €790,506 | €829,902 | +€39,395 | +5.0% |
| Income from current assets | 751 | €790,506 | €829,902 | +€39,395 | +5.0% |
| Financial charges | 65/66B | €327 | €325 | -€2 | -0.6% |
| Recurring financial charges | 65 | €327 | €325 | -€2 | -0.6% |
| Other financial charges | 652/9 | €327 | €325 | -€2 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €628,086 | €677,551 | +€49,465 | +7.9% |
| Income taxes | 67/77 | -€1,847 | €3,427 | +€5,274 | |
| Taxes | 670/3 | - | €3,427 | +€3,427 | |
| Tax adjustments and reversals of tax provisions | 77 | €1,847 | - | -€1,847 | |
| Profit (loss) for the period | 9904 | €629,933 | €674,124 | +€44,191 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €629,933 | €674,124 | +€44,191 | +7.0% |
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 16 October 2026 via checked.be.