Limgro: 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.
Limgro
Largest movements
- Intangible fixed assets +€394,612
up €394,612 (+175.8%), from €224,488 to €619,100
- Tangible fixed assets -€147,848
down €147,848 (-10.0%), from €1.5m to €1.3m
of which Furniture and vehicles: -€111,834
- Stocks and contracts +€82,392
up €82,392 (+4.9%), from €1.7m to €1.8m
- Cash -€61,648
down €61,648 (-69.4%), from €88,866 to €27,218
mainly Investment in fixed assets (net) (-€587,067) and Net result for the year (-€285,496)
- Debts after one year +€346,230
up €346,230 (+20.2%), from €1.7m to €2.1m
- Profit (loss) carried forward -€285,496
new in 2024: -€285,496
- Current portion of long-term debt +€194,579
up €194,579 (+145.1%), from €134,135 to €328,714
- Short-term financial debts -€158,622
down €158,622 (-52.9%), from €300,000 to €141,378
- Trade debts +€110,421
up €110,421 (+47.0%), from €234,874 to €345,294
- Gross operating margin -€125,980
down €125,980 (-13.9%), from €905,233 to €779,253
- Staff costs +€120,350
up €120,350 (+19.3%), from €624,336 to €744,686
- Depreciation +€75,009
up €75,009 (+28.3%), from €265,294 to €340,304
- Write-downs -€51,992
down €51,992 (-383.5%), from -€13,556 to -€65,548
- Financial charges +€30,448
up €30,448 (+51.8%), from €58,769 to €89,216
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,291,588 | €4,520,480 | +€228,892 | +5.3% |
| Fixed assets | 21/28 | €1,709,813 | €1,956,576 | +€246,763 | +14.4% |
| Intangible fixed assets | 21 | €224,488 | €619,100 | +€394,612 | +175.8% |
| Tangible fixed assets | 22/27 | €1,484,125 | €1,336,276 | -€147,848 | -10.0% |
| Land and buildings | 22 | €1,139,592 | €1,073,944 | -€65,648 | -5.8% |
| Plant, machinery and equipment | 23 | €45,017 | €74,651 | +€29,634 | +65.8% |
| Furniture and vehicles | 24 | €299,516 | €187,682 | -€111,834 | -37.3% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €2,581,776 | €2,563,904 | -€17,871 | -0.7% |
| Stocks and contracts in progress | 3 | €1,688,124 | €1,770,516 | +€82,392 | +4.9% |
| Stocks | 30/36 | €1,688,124 | €1,770,516 | +€82,392 | +4.9% |
| Amounts receivable within one year | 40/41 | €804,785 | €761,884 | -€42,901 | -5.3% |
| Trade receivables | 40 | €46,286 | €38,719 | -€7,567 | -16.3% |
| Other amounts receivable | 41 | €758,500 | €723,165 | -€35,334 | -4.7% |
| Cash at bank and in hand | 54/58 | €88,866 | €27,218 | -€61,648 | -69.4% |
| Deferred charges and accrued income | 490/1 | - | €4,286 | +€4,286 | |
| Total equity and liabilities | 10/49 | €4,291,588 | €4,520,480 | +€228,892 | +5.3% |
| Equity | 10/15 | €964,222 | €678,726 | -€285,496 | -29.6% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €769,222 | €769,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,500 | €19,500 | = | 0.0% |
| Legal reserve | 130 | €19,500 | €19,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,270 | €48,270 | = | 0.0% |
| Distributable reserves | 133 | €701,452 | €701,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€285,496 | -€285,496 | |
| Amounts payable | 17/49 | €3,327,366 | €3,841,754 | +€514,388 | +15.5% |
| Amounts payable after more than one year | 17 | €1,711,871 | €2,058,101 | +€346,230 | +20.2% |
| Financial debts | 170/4 | €1,711,871 | €2,058,101 | +€346,230 | +20.2% |
| Amounts payable within one year | 42/48 | €1,575,043 | €1,783,653 | +€208,610 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €134,135 | €328,714 | +€194,579 | +145.1% |
| Financial debts | 43 | €300,000 | €141,378 | -€158,622 | -52.9% |
| Credit institutions | 430/8 | €300,000 | €141,378 | -€158,622 | -52.9% |
| Trade debts | 44 | €234,874 | €345,294 | +€110,421 | +47.0% |
| Suppliers | 440/4 | €234,874 | €345,294 | +€110,421 | +47.0% |
| Advances received on contracts in progress | 46 | €77,066 | €132,086 | +€55,020 | +71.4% |
| Taxes, remuneration and social security | 45 | €131,809 | €152,226 | +€20,417 | +15.5% |
| Taxes | 450/3 | €60,852 | €20,616 | -€40,236 | -66.1% |
| Remuneration and social security | 454/9 | €70,956 | €131,609 | +€60,653 | +85.5% |
| Other amounts payable | 47/48 | €697,160 | €683,955 | -€13,205 | -1.9% |
| Accrued charges and deferred income | 492/3 | €40,452 | €0 | -€40,452 | -100.0% |
| Remuneration, social security and pensions | 62 | €624,336 | €744,686 | +€120,350 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,294 | €340,304 | +€75,009 | +28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,556 | -€65,548 | -€51,992 | -383.5% |
| Other operating charges | 640/8 | €29,707 | €28,580 | -€1,127 | -3.8% |
| Gross operating margin | 9900 | €905,233 | €779,253 | -€125,980 | -13.9% |
| Operating profit (loss) | 9901 | -€548 | -€268,768 | -€268,220 | -48919.3% |
| Financial income | 75/76B | €99,459 | €72,488 | -€26,971 | -27.1% |
| Recurring financial income | 75 | €99,459 | €72,488 | -€26,971 | -27.1% |
| Financial charges | 65/66B | €58,769 | €89,216 | +€30,448 | +51.8% |
| Recurring financial charges | 65 | €58,769 | €89,216 | +€30,448 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €40,142 | -€285,496 | -€325,638 | |
| Income taxes | 67/77 | €16,540 | €0 | -€16,540 | -100.0% |
| Profit (loss) for the period | 9904 | €23,602 | -€285,496 | -€309,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,602 | -€285,496 | -€309,098 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.