LIMKA: 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.
What changed
LIMKA
NACE 27.320, Manufacture of electrical equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.6m-€329,975
Equity
€15.4m
2024 · €14.7m+€710,392
Cash
€1.9m
2024 · €3.7m-€1.8m
Balance sheet total
€16.7m
2024 · €16.2m+€548,099
Largest movements
Assets
- Current investments +€2.0m
up €2.0m (+66.0%), from €3.0m to €5.0m
- Cash -€1.8m
down €1.8m (-49.5%), from €3.7m to €1.9m
mainly Current investments (-€2.0m) and Contributions, distributions and other (-€550,000)
- Receivables within one year +€499,949
up €499,949 (+11.7%), from €4.3m to €4.8m
of which Trade receivables: +€488,946
Equity and liabilities
- Reserves +€710,392
up €710,392 (+4.9%), from €14.5m to €15.2m
of which Distributable reserves: +€710,392
Income statement
- Turnover -€931,650
down €931,650 (-4.8%), from €19.4m to €18.5m
- Goods and materials -€596,905
down €596,905 (-3.6%), from €16.6m to €16.0m
of which Purchases: -€538,093
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
-€931,650
Other operating income
+€2,126
Goods and materials
+€596,905
Services and other goods
-€16,790
Staff costs
-€29,408
Depreciation
+€3,890
Other operating charges
-€3,635
Financial income
-€18,083
Financial charges
-€46,947
Taxes
+€113,618
Result 2025
€1.3m
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.
From operations
+€837,182
Investment
-€2.1m
Financing
-€601,720
Cash 2024
€3.7m
From operations (derived)
+€837,182
Net result for the year
+€1.3m
Depreciation
+€109,800
Stocks and contracts
+€72,125
Receivables within one year
-€499,949
Deferred charges and accrued income
+€5,386
Trade debts
+€32,517
Tax, wage and social debts
+€6,911
Other debts
-€150,000
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€81,680
Current investments
-€2.0m
Financing
-€601,720
Debts after one year
-€51,720
Contributions, distributions and other
-€550,000
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,156,588 | €16,704,687 | +€548,099 | +3.4% |
| Fixed assets | 21/28 | €1,917,821 | €1,889,701 | -€28,120 | -1.5% |
| Tangible fixed assets | 22/27 | €1,917,500 | €1,889,379 | -€28,120 | -1.5% |
| Land and buildings | 22 | €1,727,144 | €1,664,130 | -€63,013 | -3.6% |
| Plant, machinery and equipment | 23 | €143,435 | €150,405 | +€6,970 | +4.9% |
| Furniture and vehicles | 24 | €46,921 | €74,844 | +€27,923 | +59.5% |
| Financial fixed assets | 28 | €321 | €321 | = | 0.0% |
| Other financial fixed assets | 284/8 | €321 | €321 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €321 | €321 | = | 0.0% |
| Current assets | 29/58 | €14,238,767 | €14,814,986 | +€576,219 | +4.0% |
| Stocks and contracts in progress | 3 | €3,189,633 | €3,117,508 | -€72,125 | -2.3% |
| Stocks | 30/36 | €3,189,633 | €3,117,508 | -€72,125 | -2.3% |
| Goods purchased for resale | 34 | €3,189,633 | €3,117,508 | -€72,125 | -2.3% |
| Amounts receivable within one year | 40/41 | €4,276,576 | €4,776,525 | +€499,949 | +11.7% |
| Trade receivables | 40 | €4,253,258 | €4,742,204 | +€488,946 | +11.5% |
| Other amounts receivable | 41 | €23,318 | €34,321 | +€11,003 | +47.2% |
| Current investments | 50/53 | €3,032,164 | €5,032,648 | +€2.0m | +66.0% |
| Other investments | 51/53 | €3,032,164 | €5,032,648 | +€2.0m | +66.0% |
| Cash at bank and in hand | 54/58 | €3,732,354 | €1,885,651 | -€1.8m | -49.5% |
| Deferred charges and accrued income | 490/1 | €8,040 | €2,655 | -€5,386 | -67.0% |
| Total equity and liabilities | 10/49 | €16,156,588 | €16,704,687 | +€548,099 | +3.4% |
| Equity | 10/15 | €14,699,598 | €15,409,989 | +€710,392 | +4.8% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €14,519,598 | €15,229,989 | +€710,392 | +4.9% |
| Tax-exempt reserves | 132 | €40,335 | €40,335 | = | 0.0% |
| Distributable reserves | 133 | €14,479,262 | €15,189,654 | +€710,392 | +4.9% |
| Amounts payable | 17/49 | €1,456,990 | €1,294,697 | -€162,293 | -11.1% |
| Amounts payable after more than one year | 17 | €322,553 | €270,833 | -€51,720 | -16.0% |
| Financial debts | 170/4 | €320,833 | €270,833 | -€50,000 | -15.6% |
| Credit institutions | 173 | €320,833 | €270,833 | -€50,000 | -15.6% |
| Other amounts payable | 178/9 | €1,720 | - | -€1,720 | |
| Amounts payable within one year | 42/48 | €1,134,437 | €1,023,864 | -€110,573 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €148,734 | €181,251 | +€32,517 | +21.9% |
| Suppliers | 440/4 | €148,734 | €181,251 | +€32,517 | +21.9% |
| Taxes, remuneration and social security | 45 | €235,703 | €242,614 | +€6,911 | +2.9% |
| Taxes | 450/3 | €132,445 | €159,416 | +€26,971 | +20.4% |
| Remuneration and social security | 454/9 | €103,258 | €83,198 | -€20,060 | -19.4% |
| Other amounts payable | 47/48 | €700,000 | €550,000 | -€150,000 | -21.4% |
| Operating income | 70/76A | €19,489,962 | €18,560,438 | -€929,524 | -4.8% |
| Turnover | 70 | €19,418,143 | €18,486,493 | -€931,650 | -4.8% |
| Other operating income | 74 | €71,819 | €73,945 | +€2,126 | +3.0% |
| Operating charges | 60/66A | €17,822,121 | €17,271,159 | -€550,961 | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €16,612,031 | €16,015,125 | -€596,905 | -3.6% |
| Purchases | 600/8 | €16,481,093 | €15,943,000 | -€538,093 | -3.3% |
| Change in stocks: decrease (increase) | 609 | €130,938 | €72,125 | -€58,813 | -44.9% |
| Services and other goods | 61 | €530,642 | €547,433 | +€16,790 | +3.2% |
| Remuneration, social security and pensions | 62 | €534,699 | €564,107 | +€29,408 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,690 | €109,800 | -€3,890 | -3.4% |
| Other operating charges | 640/8 | €31,059 | €34,694 | +€3,635 | +11.7% |
| Operating profit (loss) | 9901 | €1,667,841 | €1,289,279 | -€378,563 | -22.7% |
| Financial income | 75/76B | €550,921 | €532,838 | -€18,083 | -3.3% |
| Recurring financial income | 75 | €550,921 | €532,838 | -€18,083 | -3.3% |
| Other financial income | 752/9 | €550,921 | €532,838 | -€18,083 | -3.3% |
| Financial charges | 65/66B | €86,885 | €133,832 | +€46,947 | +54.0% |
| Recurring financial charges | 65 | €86,885 | €133,832 | +€46,947 | +54.0% |
| Debt charges | 650 | €9,182 | €8,171 | -€1,011 | -11.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€32,849 | - | +€32,849 | |
| Other financial charges | 652/9 | €110,552 | €125,661 | +€15,109 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €2,131,877 | €1,688,284 | -€443,593 | -20.8% |
| Income taxes | 67/77 | €541,510 | €427,892 | -€113,618 | -21.0% |
| Taxes | 670/3 | €541,510 | €427,892 | -€113,618 | -21.0% |
| Profit (loss) for the period | 9904 | €1,590,367 | €1,260,392 | -€329,975 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,590,367 | €1,260,392 | -€329,975 | -20.7% |
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 8 October 2026 via checked.be.