LIMKO: 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.
LIMKO
Largest movements
- Cash +€12,638
up €12,638 (+11.4%), from €111,233 to €123,871
mainly Depreciation (+€23,176) and Tax, wage and social debts (+€7,705)
- Tangible fixed assets -€10,001
down €10,001 (-3.3%), from €303,168 to €293,167
of which Land and buildings: -€20,107
- Current investments +€9,270
new in 2025: €9,270
- Tax, wage and social debts +€7,705
up €7,705 (+2805.6%), from €275 to €7,979
- Profit (loss) carried forward +€7,249
up €7,249 (+12.5%), from €57,974 to €65,222
- Reserves -€4,896
down €4,896 (-7.4%), from €65,755 to €60,859
of which Tax-exempt reserves: -€4,896
- Taxes +€11,500
up €11,500 (+4588.4%), from €251 to €11,751
- Other operating charges -€3,556
down €3,556 (-87.6%), from €4,058 to €503
- Depreciation -€2,843
down €2,843 (-10.9%), from €26,019 to €23,176
- Gross operating margin +€675
up €675 (+2.0%), from €33,292 to €33,967
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 | €415,895 | €427,802 | +€11,908 | +2.9% |
| Fixed assets | 21/28 | €303,168 | €293,167 | -€10,001 | -3.3% |
| Tangible fixed assets | 22/27 | €303,168 | €293,167 | -€10,001 | -3.3% |
| Land and buildings | 22 | €293,595 | €273,489 | -€20,107 | -6.8% |
| Plant, machinery and equipment | 23 | €9,537 | €19,679 | +€10,142 | +106.3% |
| Furniture and vehicles | 24 | €36 | €0 | -€36 | -100.0% |
| Current assets | 29/58 | €112,727 | €134,635 | +€21,909 | +19.4% |
| Current investments | 50/53 | - | €9,270 | +€9,270 | |
| Cash at bank and in hand | 54/58 | €111,233 | €123,871 | +€12,638 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,494 | €1,494 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €415,895 | €427,802 | +€11,908 | +2.9% |
| Equity | 10/15 | €185,702 | €188,055 | +€2,353 | +1.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €65,755 | €60,859 | -€4,896 | -7.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,558 | €54,662 | -€4,896 | -8.2% |
| Profit (loss) carried forward | 14 | €57,974 | €65,222 | +€7,249 | +12.5% |
| Provisions and deferred taxes | 16 | €32,508 | €29,839 | -€2,669 | -8.2% |
| Deferred taxes | 168 | €32,508 | €29,839 | -€2,669 | -8.2% |
| Amounts payable | 17/49 | €197,684 | €209,908 | +€12,224 | +6.2% |
| Amounts payable after more than one year | 17 | €5,420 | €9,270 | +€3,850 | +71.0% |
| Other amounts payable | 178/9 | €5,420 | €9,270 | +€3,850 | +71.0% |
| Amounts payable within one year | 42/48 | €190,634 | €198,966 | +€8,333 | +4.4% |
| Trade debts | 44 | €0 | €292 | +€292 | |
| Suppliers | 440/4 | €0 | €292 | +€292 | |
| Taxes, remuneration and social security | 45 | €275 | €7,979 | +€7,705 | +2805.6% |
| Taxes | 450/3 | €275 | €7,979 | +€7,705 | +2805.6% |
| Other amounts payable | 47/48 | €190,359 | €190,695 | +€336 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,631 | €1,672 | +€41 | +2.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,019 | €23,176 | -€2,843 | -10.9% |
| Other operating charges | 640/8 | €4,058 | €503 | -€3,556 | -87.6% |
| Gross operating margin | 9900 | €33,292 | €33,967 | +€675 | +2.0% |
| Operating profit (loss) | 9901 | €3,214 | €10,288 | +€7,073 | +220.0% |
| Financial income | 75/76B | €837 | €1,147 | +€311 | +37.2% |
| Recurring financial income | 75 | €837 | €1,147 | +€311 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €4,051 | €11,435 | +€7,384 | +182.3% |
| Transfer from deferred taxes | 780 | €2,667 | €2,669 | +€2 | +0.1% |
| Income taxes | 67/77 | €251 | €11,751 | +€11,500 | +4588.4% |
| Profit (loss) for the period | 9904 | €6,468 | €2,353 | -€4,115 | -63.6% |
| Transfer from tax-exempt reserves | 789 | €4,897 | €4,896 | -€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,365 | €7,249 | -€4,116 | -36.2% |
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 3 October 2026 via checked.be.