LIMELCO: 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
LIMELCO
NACE 10.510, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.5m
2024 · -€1.6m+€7.1m
Equity
€31.0m
2024 · €25.5m+€5.5m
Cash
€6.4m
2024 · €1.7m+€4.6m
Balance sheet total
€89.4m
2024 · €73.8m+€15.6m
Largest movements
Assets
- Receivables within one year +€11.8m
up €11.8m (+41.1%), from €28.7m to €40.5m
of which Trade receivables: +€11.7m
- Cash +€4.6m
up €4.6m (+266%), from €1.7m to €6.4m
mainly Trade debts (+€9.5m) and Net result for the year (+€5.5m)
- Stocks and contracts -€2.7m
down €2.7m (-22.6%), from €12.1m to €9.4m
- Tangible fixed assets +€1.9m
up €1.9m (+6.2%), from €31.0m to €32.9m
of which Plant, machinery and equipment: +€1.3m
Equity and liabilities
- Trade debts +€9.5m
up €9.5m (+33.3%), from €28.5m to €38.0m
- Reserves +€5.5m
up €5.5m (+29.3%), from €18.9m to €24.5m
of which Distributable reserves: +€5.5m
Income statement
- Turnover +€81.4m
up €81.4m (+42.0%), from €193.9m to €275.3m
- Goods and materials +€65.8m
up €65.8m (+42.3%), from €155.5m to €221.3m
of which Purchases: +€65.0m
- Services and other goods +€3.9m
up €3.9m (+15.6%), from €25.3m to €29.2m
- Depreciation -€2.8m
down €2.8m (-37.6%), from €7.3m to €4.6m
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
-€1.6m
Turnover
+€81.4m
Other operating income
-€22,939
Goods and materials
-€65.8m
Services and other goods
-€3.9m
Staff costs
-€1.3m
Depreciation
+€2.8m
Write-downs
-€533,211
Provisions
-€688,000
Other operating charges
+€103,810
Other operating items
-€4.8m
Financial income
-€4,924
Financial charges
+€86,023
Taxes
-€176,555
Result 2025
€5.5m
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
+€11.8m
Investment
-€6.5m
Financing
-€665,389
Cash 2024
€1.7m
From operations (derived)
+€11.8m
Net result for the year
+€5.5m
Depreciation
+€4.6m
Stocks and contracts
+€2.7m
Receivables within one year
-€11.8m
Deferred charges and accrued income
-€34,983
Provisions
+€688,000
Trade debts
+€9.5m
Tax, wage and social debts
+€600,670
Smaller working-capital items
-€17,924
Investment (derived)
-€6.5m
Investment in fixed assets (net)
-€6.5m
Financing
-€665,389
Debts after one year
+€111,800
Current portion of long-term debt
-€748,095
Contributions, distributions and other
-€29,094
Cash 2025
€6.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,779,021 | €89,415,279 | +€15.6m | +21.2% |
| Fixed assets | 21/28 | €31,180,295 | €33,097,881 | +€1.9m | +6.1% |
| Intangible fixed assets | 21 | €128,021 | €102,729 | -€25,292 | -19.8% |
| Tangible fixed assets | 22/27 | €30,981,224 | €32,915,704 | +€1.9m | +6.2% |
| Land and buildings | 22 | €11,182,781 | €11,689,483 | +€506,702 | +4.5% |
| Plant, machinery and equipment | 23 | €19,635,513 | €20,886,330 | +€1.3m | +6.4% |
| Furniture and vehicles | 24 | €162,930 | €331,236 | +€168,306 | +103% |
| Assets under construction and advance payments | 27 | - | €8,655 | +€8,655 | |
| Financial fixed assets | 28 | €71,050 | €79,448 | +€8,398 | +11.8% |
| Affiliated companies | 280/1 | €71,050 | €71,050 | = | 0.0% |
| Participating interests | 280 | €71,050 | €71,050 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €8,398 | +€8,398 | |
| Amounts receivable and cash guarantees | 285/8 | - | €8,398 | +€8,398 | |
| Current assets | 29/58 | €42,598,726 | €56,317,397 | +€13.7m | +32.2% |
| Stocks and contracts in progress | 3 | €12,109,144 | €9,373,058 | -€2.7m | -22.6% |
| Stocks | 30/36 | €12,109,144 | €9,373,058 | -€2.7m | -22.6% |
| Raw materials and consumables | 30/31 | €6,487,313 | €6,050,976 | -€436,337 | -6.7% |
| Finished goods | 33 | €5,621,831 | €3,322,082 | -€2.3m | -40.9% |
| Amounts receivable within one year | 40/41 | €28,668,403 | €40,458,394 | +€11.8m | +41.1% |
| Trade receivables | 40 | €26,852,461 | €38,510,174 | +€11.7m | +43.4% |
| Other amounts receivable | 41 | €1,815,942 | €1,948,220 | +€132,278 | +7.3% |
| Cash at bank and in hand | 54/58 | €1,742,804 | €6,372,588 | +€4.6m | +266% |
| Deferred charges and accrued income | 490/1 | €78,375 | €113,358 | +€34,983 | +44.6% |
| Total equity and liabilities | 10/49 | €73,779,021 | €89,415,279 | +€15.6m | +21.2% |
| Equity | 10/15 | €25,476,422 | €30,988,752 | +€5.5m | +21.6% |
| Contributions | 10/11 | €6,150,000 | €6,150,000 | = | 0.0% |
| Capital | 10 | €6,150,000 | €6,150,000 | = | 0.0% |
| Issued capital | 100 | €6,150,000 | €6,150,000 | = | 0.0% |
| Reserves | 13 | €18,940,046 | €24,481,472 | +€5.5m | +29.3% |
| Non-distributable reserves | 130/1 | €764,170 | €764,170 | +€0 | 0.0% |
| Legal reserve | 130 | €615,000 | €615,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €149,170 | €149,170 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €520,501 | €520,501 | -€0 | 0.0% |
| Distributable reserves | 133 | €17,655,375 | €23,196,801 | +€5.5m | +31.4% |
| Investment grants | 15 | €386,376 | €357,280 | -€29,096 | -7.5% |
| Provisions and deferred taxes | 16 | - | €688,000 | +€688,000 | |
| Provisions for liabilities and charges | 160/5 | - | €688,000 | +€688,000 | |
| Other liabilities and charges | 164/5 | - | €688,000 | +€688,000 | |
| Amounts payable | 17/49 | €48,302,599 | €57,738,526 | +€9.4m | +19.5% |
| Amounts payable after more than one year | 17 | €9,676,777 | €9,788,577 | +€111,800 | +1.2% |
| Financial debts | 170/4 | €9,676,777 | €9,788,577 | +€111,800 | +1.2% |
| Credit institutions | 173 | €9,676,777 | - | -€9.7m | |
| Other loans | 174 | - | €9,788,577 | +€9.8m | |
| Amounts payable within one year | 42/48 | €38,596,242 | €47,935,694 | +€9.3m | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €1,663,056 | €914,961 | -€748,095 | -45.0% |
| Financial debts | 43 | €6,000,000 | €6,000,000 | = | 0.0% |
| Other loans | 439 | €6,000,000 | €6,000,000 | = | 0.0% |
| Trade debts | 44 | €28,525,846 | €38,015,322 | +€9.5m | +33.3% |
| Suppliers | 440/4 | €28,525,846 | €38,015,322 | +€9.5m | +33.3% |
| Taxes, remuneration and social security | 45 | €2,317,660 | €2,918,330 | +€600,670 | +25.9% |
| Taxes | 450/3 | €196,510 | €408,185 | +€211,675 | +108% |
| Remuneration and social security | 454/9 | €2,121,150 | €2,510,145 | +€388,995 | +18.3% |
| Other amounts payable | 47/48 | €89,680 | €87,080 | -€2,600 | -2.9% |
| Accrued charges and deferred income | 492/3 | €29,580 | €14,256 | -€15,324 | -51.8% |
| Operating income | 70/76A | €198,838,811 | €275,462,947 | +€76.6m | +38.5% |
| Turnover | 70 | €193,912,777 | €275,324,255 | +€81.4m | +42.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,534,639 | -€2,216,642 | -€4.8m | |
| Other operating income | 74 | €2,378,273 | €2,355,334 | -€22,939 | -1.0% |
| Non-recurring operating income | 76A | €13,122 | - | -€13,122 | |
| Operating charges | 60/66A | €199,804,211 | €269,203,359 | +€69.4m | +34.7% |
| Goods for resale, raw materials and consumables | 60 | €155,477,909 | €221,287,227 | +€65.8m | +42.3% |
| Purchases | 600/8 | €155,968,352 | €220,984,449 | +€65.0m | +41.7% |
| Change in stocks: decrease (increase) | 609 | -€490,443 | €302,777 | +€793,220 | |
| Services and other goods | 61 | €25,289,495 | €29,223,899 | +€3.9m | +15.6% |
| Remuneration, social security and pensions | 62 | €11,248,502 | €12,539,779 | +€1.3m | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,324,060 | €4,570,809 | -€2.8m | -37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€103,340 | €429,871 | +€533,211 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €688,000 | +€688,000 | |
| Other operating charges | 640/8 | €567,585 | €463,775 | -€103,810 | -18.3% |
| Operating profit (loss) | 9901 | -€965,400 | €6,259,588 | +€7.2m | |
| Financial income | 75/76B | €93,501 | €88,577 | -€4,924 | -5.3% |
| Recurring financial income | 75 | €93,501 | €88,577 | -€4,924 | -5.3% |
| Other financial income | 752/9 | €93,501 | €88,577 | -€4,924 | -5.3% |
| Financial charges | 65/66B | €714,860 | €628,837 | -€86,023 | -12.0% |
| Recurring financial charges | 65 | €714,860 | €628,837 | -€86,023 | -12.0% |
| Debt charges | 650 | €668,278 | €586,017 | -€82,261 | -12.3% |
| Other financial charges | 652/9 | €46,582 | €42,820 | -€3,762 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,586,759 | €5,719,328 | +€7.3m | |
| Income taxes | 67/77 | €1,349 | €177,904 | +€176,555 | +13,088% |
| Taxes | 670/3 | €1,349 | €177,904 | +€176,555 | +13,088% |
| Profit (loss) for the period | 9904 | -€1,588,108 | €5,541,424 | +€7.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,588,108 | €5,541,424 | +€7.1m |
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.