LIMOENGROEN: 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.
LIMOENGROEN
Largest movements
- Tangible fixed assets +€4.9m
up €4.9m (+5144.9%), from €94,707 to €5.0m
of which Leasing and similar rights: +€3.4m
- Financial fixed assets +€2.4m
up €2.4m (+82.2%), from €3.0m to €5.4m
- Receivables within one year -€2.3m
down €2.3m (-64.1%), from €3.6m to €1.3m
of which Trade receivables: -€3.0m
- Cash +€401,663
up €401,663 (+446.6%), from €89,928 to €491,590
mainly Other debts (+€3.7m) and Debts after one year (+€2.4m)
- Receivables after one year +€365,000
up €365,000 (+41.4%), from €881,000 to €1.2m
- Other debts +€3.7m
up €3.7m (+72.1%), from €5.1m to €8.7m
- Debts after one year +€2.4m
new in 2026: €2.4m
- Trade debts -€487,391
down €487,391 (-52.2%), from €932,966 to €445,575
- Current portion of long-term debt +€267,330
new in 2026: €267,330
- Reserves +€198,404
new in 2026: €198,404
- Depreciation +€385,181
up €385,181 (+1888.1%), from €20,401 to €405,582
- Gross operating margin +€298,455
up €298,455 (+32.2%), from €927,406 to €1.2m
- Financial charges +€77,602
up €77,602 (+485.0%), from €16,002 to €93,604
- Staff costs +€67,798
up €67,798 (+13.3%), from €508,584 to €576,383
- Financial income +€26,325
up €26,325 (+34.1%), from €77,165 to €103,490
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,724,610 | €13,829,339 | +€6.1m | +79.0% |
| Fixed assets | 21/28 | €3,062,458 | €10,374,979 | +€7.3m | +238.8% |
| Tangible fixed assets | 22/27 | €94,707 | €4,967,228 | +€4.9m | +5144.9% |
| Land and buildings | 22 | €26,211 | €26,211 | = | 0.0% |
| Plant, machinery and equipment | 23 | €349 | €866,671 | +€866,322 | +248429.1% |
| Furniture and vehicles | 24 | €68,147 | €124,494 | +€56,347 | +82.7% |
| Leasing and similar rights | 25 | - | €3,388,032 | +€3.4m | |
| Assets under construction and advance payments | 27 | €0 | €561,821 | +€561,821 | |
| Financial fixed assets | 28 | €2,967,751 | €5,407,751 | +€2.4m | +82.2% |
| Current assets | 29/58 | €4,662,153 | €3,454,359 | -€1.2m | -25.9% |
| Amounts receivable after more than one year | 29 | €881,000 | €1,246,000 | +€365,000 | +41.4% |
| Other amounts receivable | 291 | €881,000 | €1,246,000 | +€365,000 | +41.4% |
| Amounts receivable within one year | 40/41 | €3,564,857 | €1,278,766 | -€2.3m | -64.1% |
| Trade receivables | 40 | €3,433,410 | €466,092 | -€3.0m | -86.4% |
| Other amounts receivable | 41 | €131,447 | €812,673 | +€681,226 | +518.3% |
| Cash at bank and in hand | 54/58 | €89,928 | €491,590 | +€401,663 | +446.6% |
| Deferred charges and accrued income | 490/1 | €126,368 | €438,003 | +€311,636 | +246.6% |
| Total equity and liabilities | 10/49 | €7,724,610 | €13,829,339 | +€6.1m | +79.0% |
| Equity | 10/15 | €1,182,490 | €1,248,404 | +€65,914 | +5.6% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | - | €198,404 | +€198,404 | |
| Distributable reserves | 133 | - | €198,404 | +€198,404 | |
| Profit (loss) carried forward | 14 | €132,490 | €0 | -€132,490 | -100.0% |
| Provisions and deferred taxes | 16 | €331,816 | €394,946 | +€63,130 | +19.0% |
| Provisions for liabilities and charges | 160/5 | €331,816 | €394,946 | +€63,130 | +19.0% |
| Major repairs and maintenance | 162 | €331,816 | €394,946 | +€63,130 | +19.0% |
| Amounts payable | 17/49 | €6,210,305 | €12,185,989 | +€6.0m | +96.2% |
| Amounts payable after more than one year | 17 | - | €2,449,553 | +€2.4m | |
| Financial debts | 170/4 | - | €2,449,553 | +€2.4m | |
| Amounts payable within one year | 42/48 | €6,090,117 | €9,517,654 | +€3.4m | +56.3% |
| Current portion of amounts payable after more than one year | 42 | - | €267,330 | +€267,330 | |
| Trade debts | 44 | €932,966 | €445,575 | -€487,391 | -52.2% |
| Suppliers | 440/4 | €932,966 | €445,575 | -€487,391 | -52.2% |
| Taxes, remuneration and social security | 45 | €89,401 | €81,999 | -€7,401 | -8.3% |
| Taxes | 450/3 | €16,936 | €0 | -€16,936 | -100.0% |
| Remuneration and social security | 454/9 | €72,464 | €81,999 | +€9,535 | +13.2% |
| Other amounts payable | 47/48 | €5,067,750 | €8,722,750 | +€3.7m | +72.1% |
| Accrued charges and deferred income | 492/3 | €120,188 | €218,782 | +€98,594 | +82.0% |
| Remuneration, social security and pensions | 62 | €508,584 | €576,383 | +€67,798 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,401 | €405,582 | +€385,181 | +1888.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,565 | €7,868 | -€697 | -8.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €145,416 | €153,212 | +€7,796 | +5.4% |
| Other operating charges | 640/8 | €4,931 | €3,790 | -€1,141 | -23.1% |
| Gross operating margin | 9900 | €927,406 | €1,225,861 | +€298,455 | +32.2% |
| Operating profit (loss) | 9901 | €239,509 | €79,028 | -€160,482 | -67.0% |
| Financial income | 75/76B | €77,165 | €103,490 | +€26,325 | +34.1% |
| Recurring financial income | 75 | €77,165 | €103,490 | +€26,325 | +34.1% |
| Financial charges | 65/66B | €16,002 | €93,604 | +€77,602 | +485.0% |
| Recurring financial charges | 65 | €16,002 | €93,604 | +€77,602 | +485.0% |
| Profit (loss) for the period before taxes | 9903 | €300,673 | €88,914 | -€211,759 | -70.4% |
| Income taxes | 67/77 | €820 | €23,000 | +€22,180 | +2703.7% |
| Profit (loss) for the period | 9904 | €299,853 | €65,914 | -€233,938 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €299,853 | €65,914 | -€233,938 | -78.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.