LIMONTA: 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
LIMONTA
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€729,783
2024 · €469,898+€259,886
Equity
€3.9m
2024 · €3.3m+€557,691
Cash
€1.4m
2024 · €947,803+€409,322
Balance sheet total
€8.6m
2024 · €7.8m+€794,863
Largest movements
Assets
- Tangible fixed assets +€509,717
up €509,717 (+9.7%), from €5.3m to €5.8m
of which Leasing and similar rights: +€613,910
- Cash +€409,322
up €409,322 (+43.2%), from €947,803 to €1.4m
mainly Depreciation (+€1.0m) and Net result for the year (+€729,783)
- Receivables within one year -€186,758
down €186,758 (-12.2%), from €1.5m to €1.3m
of which Trade receivables: -€143,045
Equity and liabilities
- Reserves +€557,691
up €557,691 (+17.1%), from €3.3m to €3.8m
of which Distributable reserves: +€631,690
- Current portion of long-term debt +€333,394
up €333,394 (+47.5%), from €701,577 to €1.0m
- Other debts -€228,188
down €228,188 (-56.6%), from €403,328 to €175,140
- Debts after one year +€118,981
up €118,981 (+4.7%), from €2.6m to €2.7m
Income statement
- Gross operating margin +€516,820
up €516,820 (+17.8%), from €2.9m to €3.4m
- Taxes +€283,940
up €283,940 (+547.5%), from €51,865 to €335,805
- Staff costs -€143,644
down €143,644 (-10.7%), from €1.3m to €1.2m
- Depreciation +€110,269
up €110,269 (+12.0%), from €922,620 to €1.0m
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
€469,898
Gross operating margin
+€516,820
Staff costs
+€143,644
Depreciation
-€110,269
Other operating charges
+€275
Other operating items
+€5,969
Financial income
+€2,447
Financial charges
-€11,053
Taxes
-€283,940
Deferred taxes and other
-€4,008
Result 2025
€729,783
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
+€1.7m
Investment
-€1.5m
Financing
+€280,283
Cash 2024
€947,803
From operations (derived)
+€1.7m
Net result for the year
+€729,783
Depreciation
+€1.0m
Smaller working-capital items
+€473
Receivables within one year
+€186,758
Deferred charges and accrued income
-€60,756
Provisions
-€26,442
Trade debts
+€32,686
Tax, wage and social debts
+€5,941
Other debts
-€228,188
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€280,283
Debts after one year
+€118,981
Current portion of long-term debt
+€333,394
Contributions, distributions and other
-€172,092
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,760,531 | €8,555,394 | +€794,863 | +10.2% |
| Fixed assets | 21/28 | €5,268,107 | €5,779,323 | +€511,217 | +9.7% |
| Tangible fixed assets | 22/27 | €5,265,735 | €5,775,452 | +€509,717 | +9.7% |
| Land and buildings | 22 | €1,300,343 | €1,253,564 | -€46,780 | -3.6% |
| Plant, machinery and equipment | 23 | €40,263 | €39,371 | -€892 | -2.2% |
| Furniture and vehicles | 24 | €1,454,877 | €1,398,356 | -€56,522 | -3.9% |
| Leasing and similar rights | 25 | €2,470,252 | €3,084,161 | +€613,910 | +24.9% |
| Financial fixed assets | 28 | €2,372 | €3,872 | +€1,500 | +63.2% |
| Current assets | 29/58 | €2,492,424 | €2,776,071 | +€283,647 | +11.4% |
| Stocks and contracts in progress | 3 | €9,304 | €9,632 | +€327 | +3.5% |
| Stocks | 30/36 | €9,304 | €9,632 | +€327 | +3.5% |
| Amounts receivable within one year | 40/41 | €1,535,316 | €1,348,558 | -€186,758 | -12.2% |
| Trade receivables | 40 | €1,380,895 | €1,237,850 | -€143,045 | -10.4% |
| Other amounts receivable | 41 | €154,421 | €110,708 | -€43,714 | -28.3% |
| Cash at bank and in hand | 54/58 | €947,803 | €1,357,125 | +€409,322 | +43.2% |
| Deferred charges and accrued income | 490/1 | €0 | €60,756 | +€60,756 | |
| Total equity and liabilities | 10/49 | €7,760,531 | €8,555,394 | +€794,863 | +10.2% |
| Equity | 10/15 | €3,331,776 | €3,889,467 | +€557,691 | +16.7% |
| 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 | €3,269,776 | €3,827,467 | +€557,691 | +17.1% |
| Non-distributable reserves | 130/1 | €41,700 | €41,700 | = | 0.0% |
| Legal reserve | 130 | €41,700 | €41,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €584,026 | €510,028 | -€73,998 | -12.7% |
| Distributable reserves | 133 | €2,644,050 | €3,275,739 | +€631,690 | +23.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €199,425 | €172,983 | -€26,442 | -13.3% |
| Deferred taxes | 168 | €199,425 | €172,983 | -€26,442 | -13.3% |
| Amounts payable | 17/49 | €4,229,329 | €4,492,943 | +€263,614 | +6.2% |
| Amounts payable after more than one year | 17 | €2,553,002 | €2,671,984 | +€118,981 | +4.7% |
| Financial debts | 170/4 | €2,553,002 | €2,671,984 | +€118,981 | +4.7% |
| Amounts payable within one year | 42/48 | €1,676,327 | €1,820,160 | +€143,833 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €701,577 | €1,034,971 | +€333,394 | +47.5% |
| Trade debts | 44 | €447,709 | €480,395 | +€32,686 | +7.3% |
| Suppliers | 440/4 | €447,709 | €480,395 | +€32,686 | +7.3% |
| Taxes, remuneration and social security | 45 | €123,713 | €129,654 | +€5,941 | +4.8% |
| Taxes | 450/3 | €72,678 | €87,607 | +€14,929 | +20.5% |
| Remuneration and social security | 454/9 | €51,035 | €42,047 | -€8,988 | -17.6% |
| Other amounts payable | 47/48 | €403,328 | €175,140 | -€228,188 | -56.6% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Non-recurring operating income | 76A | €48,000 | €33,000 | -€15,000 | -31.3% |
| Remuneration, social security and pensions | 62 | €1,347,189 | €1,203,545 | -€143,644 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922,620 | €1,032,889 | +€110,269 | +12.0% |
| Other operating charges | 640/8 | €22,493 | €22,218 | -€275 | -1.2% |
| Non-recurring operating charges | 66A | €48,952 | €42,984 | -€5,969 | -12.2% |
| Gross operating margin | 9900 | €2,910,185 | €3,427,006 | +€516,820 | +17.8% |
| Operating profit (loss) | 9901 | €568,931 | €1,125,370 | +€556,439 | +97.8% |
| Financial income | 75/76B | €6,231 | €8,678 | +€2,447 | +39.3% |
| Recurring financial income | 75 | €6,231 | €8,678 | +€2,447 | +39.3% |
| Financial charges | 65/66B | €83,849 | €94,901 | +€11,053 | +13.2% |
| Recurring financial charges | 65 | €83,849 | €94,901 | +€11,053 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €491,313 | €1,039,146 | +€547,833 | +111.5% |
| Transfer from deferred taxes | 780 | €30,450 | €26,442 | -€4,008 | -13.2% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €51,865 | €335,805 | +€283,940 | +547.5% |
| Profit (loss) for the period | 9904 | €469,898 | €729,783 | +€259,886 | +55.3% |
| Transfer from tax-exempt reserves | 789 | €83,350 | €73,998 | -€9,352 | -11.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €553,247 | €803,782 | +€250,534 | +45.3% |
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.