LIMCOTECH: 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.
LIMCOTECH
Largest movements
- Tangible fixed assets -€54,628
down €54,628 (-6.3%), from €861,029 to €806,401
of which Furniture and vehicles: -€27,848
- Cash +€27,475
up €27,475 (+37.4%), from €73,418 to €100,893
mainly Net result for the year (+€83,581) and Depreciation (+€54,879)
- Reserves +€83,581
up €83,581 (+12.8%), from €654,231 to €737,812
of which Distributable reserves: +€85,441
- Debts after one year -€50,059
down €50,059 (-11.4%), from €439,620 to €389,561
- Trade debts -€21,279
down €21,279 (-64.7%), from €32,884 to €11,605
- Tax, wage and social debts -€13,623
down €13,623 (-22.5%), from €60,456 to €46,833
of which Taxes: -€16,978
- Staff costs +€52,938
up €52,938 (+28.9%), from €183,158 to €236,097
- Gross operating margin +€40,355
up €40,355 (+9.9%), from €406,361 to €446,715
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 | €1,259,516 | €1,246,820 | -€12,696 | -1.0% |
| Fixed assets | 21/28 | €861,549 | €806,421 | -€55,128 | -6.4% |
| Tangible fixed assets | 22/27 | €861,029 | €806,401 | -€54,628 | -6.3% |
| Land and buildings | 22 | €759,630 | €734,280 | -€25,350 | -3.3% |
| Plant, machinery and equipment | 23 | €20,055 | €18,624 | -€1,431 | -7.1% |
| Furniture and vehicles | 24 | €81,344 | €53,497 | -€27,848 | -34.2% |
| Financial fixed assets | 28 | €520 | €20 | -€500 | -96.2% |
| Current assets | 29/58 | €397,967 | €440,399 | +€42,432 | +10.7% |
| Stocks and contracts in progress | 3 | €1,851 | €3,785 | +€1,935 | +104.5% |
| Stocks | 30/36 | €1,851 | €3,785 | +€1,935 | +104.5% |
| Amounts receivable within one year | 40/41 | €317,954 | €330,301 | +€12,348 | +3.9% |
| Trade receivables | 40 | €132,769 | €46,973 | -€85,796 | -64.6% |
| Other amounts receivable | 41 | €185,184 | €283,329 | +€98,144 | +53.0% |
| Cash at bank and in hand | 54/58 | €73,418 | €100,893 | +€27,475 | +37.4% |
| Deferred charges and accrued income | 490/1 | €4,745 | €5,419 | +€675 | +14.2% |
| Total equity and liabilities | 10/49 | €1,259,516 | €1,246,820 | -€12,696 | -1.0% |
| Equity | 10/15 | €660,431 | €744,012 | +€83,581 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €654,231 | €737,812 | +€83,581 | +12.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €652,371 | €737,812 | +€85,441 | +13.1% |
| Amounts payable | 17/49 | €599,085 | €502,808 | -€96,277 | -16.1% |
| Amounts payable after more than one year | 17 | €439,620 | €389,561 | -€50,059 | -11.4% |
| Financial debts | 170/4 | €439,620 | €389,561 | -€50,059 | -11.4% |
| Amounts payable within one year | 42/48 | €154,307 | €108,497 | -€45,811 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €57,856 | €50,059 | -€7,797 | -13.5% |
| Trade debts | 44 | €32,884 | €11,605 | -€21,279 | -64.7% |
| Suppliers | 440/4 | €32,884 | €11,605 | -€21,279 | -64.7% |
| Taxes, remuneration and social security | 45 | €60,456 | €46,833 | -€13,623 | -22.5% |
| Taxes | 450/3 | €37,673 | €20,695 | -€16,978 | -45.1% |
| Remuneration and social security | 454/9 | €22,783 | €26,137 | +€3,355 | +14.7% |
| Other amounts payable | 47/48 | €3,111 | €0 | -€3,111 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,157 | €4,750 | -€407 | -7.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €183,158 | €236,097 | +€52,938 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,541 | €54,879 | -€662 | -1.2% |
| Other operating charges | 640/8 | €6,838 | €7,828 | +€990 | +14.5% |
| Non-recurring operating charges | 66A | €0 | €3,649 | +€3,649 | |
| Gross operating margin | 9900 | €406,361 | €446,715 | +€40,355 | +9.9% |
| Operating profit (loss) | 9901 | €160,823 | €144,262 | -€16,561 | -10.3% |
| Financial income | 75/76B | €1,154 | €2,247 | +€1,094 | +94.8% |
| Recurring financial income | 75 | €1,153 | €2,247 | +€1,095 | +95.0% |
| Non-recurring financial income | 76B | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €18,092 | €14,976 | -€3,116 | -17.2% |
| Recurring financial charges | 65 | €18,092 | €14,976 | -€3,116 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €143,885 | €131,533 | -€12,352 | -8.6% |
| Income taxes | 67/77 | €52,371 | €47,952 | -€4,419 | -8.4% |
| Profit (loss) for the period | 9904 | €91,514 | €83,581 | -€7,933 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,514 | €83,581 | -€7,933 | -8.7% |
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.