LIMKO: 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.
LIMKO
Largest movements
- Tangible fixed assets +€117,786
up €117,786 (+80.7%), from €146,044 to €263,830
of which Land and buildings: +€141,683
- Stocks and contracts -€73,869
down €73,869 (-20.4%), from €361,247 to €287,378
- Receivables within one year +€66,574
up €66,574 (+23.4%), from €284,538 to €351,112
of which Trade receivables: +€70,736
- Profit (loss) carried forward +€40,843
up €40,843 (+11.2%), from €365,443 to €406,286
- Trade debts +€34,563
up €34,563 (+44.8%), from €77,076 to €111,639
- Tax, wage and social debts +€25,592
up €25,592 (+51.4%), from €49,763 to €75,354
of which Taxes: +€30,142
- Advances received +€19,027
new in 2025: €19,027
- Gross operating margin +€145,761
up €145,761 (+22.1%), from €659,430 to €805,192
- Staff costs +€29,730
up €29,730 (+4.7%), from €637,798 to €667,528
- Write-downs +€28,485
up €28,485 (+8,779%), from €324 to €28,809
- Taxes +€10,832
new in 2025: €10,832
- Depreciation +€8,953
up €8,953 (+30.4%), from €29,475 to €38,428
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,059,881 | €1,178,650 | +€118,769 | +11.2% |
| Fixed assets | 21/28 | €146,550 | €264,336 | +€117,786 | +80.4% |
| Tangible fixed assets | 22/27 | €146,044 | €263,830 | +€117,786 | +80.7% |
| Land and buildings | 22 | €72,245 | €213,929 | +€141,683 | +196% |
| Plant, machinery and equipment | 23 | €4,737 | €6,898 | +€2,161 | +45.6% |
| Furniture and vehicles | 24 | €69,062 | €43,003 | -€26,059 | -37.7% |
| Financial fixed assets | 28 | €506 | €506 | = | 0.0% |
| Current assets | 29/58 | €913,331 | €914,315 | +€983 | +0.1% |
| Stocks and contracts in progress | 3 | €361,247 | €287,378 | -€73,869 | -20.4% |
| Stocks | 30/36 | €361,247 | €287,378 | -€73,869 | -20.4% |
| Amounts receivable within one year | 40/41 | €284,538 | €351,112 | +€66,574 | +23.4% |
| Trade receivables | 40 | €259,387 | €330,123 | +€70,736 | +27.3% |
| Other amounts receivable | 41 | €25,150 | €20,988 | -€4,162 | -16.5% |
| Cash at bank and in hand | 54/58 | €267,547 | €275,825 | +€8,278 | +3.1% |
| Total equity and liabilities | 10/49 | €1,059,881 | €1,178,650 | +€118,769 | +11.2% |
| Equity | 10/15 | €456,942 | €497,784 | +€40,843 | +8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €29,499 | €29,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,299 | €23,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,443 | €406,286 | +€40,843 | +11.2% |
| Amounts payable | 17/49 | €602,940 | €680,866 | +€77,926 | +12.9% |
| Amounts payable within one year | 42/48 | €590,616 | €669,798 | +€79,182 | +13.4% |
| Trade debts | 44 | €77,076 | €111,639 | +€34,563 | +44.8% |
| Suppliers | 440/4 | €77,076 | €111,639 | +€34,563 | +44.8% |
| Advances received on contracts in progress | 46 | - | €19,027 | +€19,027 | |
| Taxes, remuneration and social security | 45 | €49,763 | €75,354 | +€25,592 | +51.4% |
| Taxes | 450/3 | €1,771 | €31,913 | +€30,142 | +1,702% |
| Remuneration and social security | 454/9 | €47,992 | €43,442 | -€4,550 | -9.5% |
| Other amounts payable | 47/48 | €463,777 | €463,777 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,324 | €11,069 | -€1,256 | -10.2% |
| Non-recurring operating income | 76A | - | €2,200 | +€2,200 | |
| Remuneration, social security and pensions | 62 | €637,798 | €667,528 | +€29,730 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,475 | €38,428 | +€8,953 | +30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €324 | €28,809 | +€28,485 | +8,779% |
| Other operating charges | 640/8 | €11,485 | €10,848 | -€637 | -5.5% |
| Non-recurring operating charges | 66A | €5,183 | - | -€5,183 | |
| Gross operating margin | 9900 | €659,430 | €805,192 | +€145,761 | +22.1% |
| Operating profit (loss) | 9901 | -€24,835 | €59,579 | +€84,414 | |
| Financial income | 75/76B | €10,368 | €1,838 | -€8,531 | -82.3% |
| Recurring financial income | 75 | €10,368 | €1,838 | -€8,531 | -82.3% |
| Financial charges | 65/66B | €11,116 | €9,742 | -€1,374 | -12.4% |
| Recurring financial charges | 65 | €11,116 | €9,742 | -€1,374 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,582 | €51,674 | +€77,257 | |
| Income taxes | 67/77 | - | €10,832 | +€10,832 | |
| Profit (loss) for the period | 9904 | -€25,582 | €40,843 | +€66,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,582 | €40,843 | +€66,425 |
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 30 October 2026 via checked.be.