LIMCO ART: 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.
LIMCO ART
Largest movements
- Cash +€96,361
up €96,361 (+1150.7%), from €8,374 to €104,735
mainly Net result for the year (+€95,783) and Receivables within one year (+€26,033)
- Receivables within one year -€26,033
down €26,033 (-28.4%), from €91,771 to €65,739
of which Trade receivables: -€37,947
- Financial fixed assets -€11,552
no longer reported in 2025 (was €11,552)
- Tangible fixed assets +€10,743
up €10,743 (+86.8%), from €12,373 to €23,116
of which Furniture and vehicles: +€6,314
- Profit (loss) carried forward +€95,783
up €95,783 (+153.2%), from €62,518 to €158,301
- Trade debts -€30,933
down €30,933 (-64.7%), from €47,806 to €16,873
- Current portion of long-term debt +€3,344
new in 2025: €3,344
- Gross operating margin +€140,683
up €140,683 (+247.6%), from €56,813 to €197,496
- Staff costs +€43,941
up €43,941 (+1270.0%), from €3,460 to €47,401
- Taxes +€20,570
new in 2025: €20,570
- Other operating charges -€6,673
down €6,673 (-60.0%), from €11,130 to €4,457
- Depreciation +€3,567
up €3,567 (+87.2%), from €4,091 to €7,658
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 | €124,624 | €193,907 | +€69,284 | +55.6% |
| Fixed assets | 21/28 | €23,925 | €23,116 | -€808 | -3.4% |
| Tangible fixed assets | 22/27 | €12,373 | €23,116 | +€10,743 | +86.8% |
| Plant, machinery and equipment | 23 | €9,568 | €13,997 | +€4,430 | +46.3% |
| Furniture and vehicles | 24 | €2,806 | €9,119 | +€6,314 | +225.0% |
| Financial fixed assets | 28 | €11,552 | - | -€11,552 | |
| Current assets | 29/58 | €100,699 | €170,791 | +€70,092 | +69.6% |
| Amounts receivable within one year | 40/41 | €91,771 | €65,739 | -€26,033 | -28.4% |
| Trade receivables | 40 | €71,694 | €33,747 | -€37,947 | -52.9% |
| Other amounts receivable | 41 | €20,077 | €31,991 | +€11,914 | +59.3% |
| Cash at bank and in hand | 54/58 | €8,374 | €104,735 | +€96,361 | +1150.7% |
| Deferred charges and accrued income | 490/1 | €553 | €317 | -€236 | -42.6% |
| Total equity and liabilities | 10/49 | €124,624 | €193,907 | +€69,284 | +55.6% |
| Equity | 10/15 | €76,778 | €172,561 | +€95,783 | +124.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,518 | €158,301 | +€95,783 | +153.2% |
| Amounts payable | 17/49 | €47,846 | €21,347 | -€26,499 | -55.4% |
| Amounts payable within one year | 42/48 | €47,846 | €20,291 | -€27,555 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,344 | +€3,344 | |
| Trade debts | 44 | €47,806 | €16,873 | -€30,933 | -64.7% |
| Suppliers | 440/4 | €47,806 | €16,873 | -€30,933 | -64.7% |
| Taxes, remuneration and social security | 45 | €40 | €73 | +€33 | +84.4% |
| Taxes | 450/3 | €40 | €73 | +€33 | +84.4% |
| Accrued charges and deferred income | 492/3 | - | €1,056 | +€1,056 | |
| Non-recurring operating income | 76A | €13,441 | - | -€13,441 | |
| Remuneration, social security and pensions | 62 | €3,460 | €47,401 | +€43,941 | +1270.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,091 | €7,658 | +€3,567 | +87.2% |
| Other operating charges | 640/8 | €11,130 | €4,457 | -€6,673 | -60.0% |
| Non-recurring operating charges | 66A | €582 | - | -€582 | |
| Gross operating margin | 9900 | €56,813 | €197,496 | +€140,683 | +247.6% |
| Operating profit (loss) | 9901 | €37,550 | €137,981 | +€100,431 | +267.5% |
| Financial income | 75/76B | €138 | €173 | +€35 | +25.5% |
| Recurring financial income | 75 | €138 | €173 | +€35 | +25.5% |
| Financial charges | 65/66B | €21,903 | €21,801 | -€102 | -0.5% |
| Recurring financial charges | 65 | €21,903 | €21,801 | -€102 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €15,785 | €116,353 | +€100,568 | +637.1% |
| Income taxes | 67/77 | - | €20,570 | +€20,570 | |
| Profit (loss) for the period | 9904 | €15,785 | €95,783 | +€79,998 | +506.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,785 | €95,783 | +€79,998 | +506.8% |
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 12 October 2026 via checked.be.