Limsolar: 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.
Limsolar
Largest movements
- Deferred charges and accrued income +€67,331
up €67,331 (+64.6%), from €104,171 to €171,502
- Receivables within one year -€45,106
down €45,106 (-25.9%), from €174,342 to €129,236
of which Trade receivables: -€35,072
- Stocks and contracts +€19,607
up €19,607 (+53.4%), from €36,732 to €56,339
- Trade debts -€43,562
down €43,562 (-19.0%), from €229,385 to €185,823
- Short-term financial debts +€40,000
new in 2025: €40,000
- Reserves +€34,286
up €34,286 (+25.1%), from €136,594 to €170,880
- Advances received +€21,205
up €21,205 (+23.1%), from €91,804 to €113,009
- Tax, wage and social debts -€10,305
down €10,305 (-66.2%), from €15,575 to €5,270
of which Remuneration and social security: -€6,334
- Gross operating margin +€135,690
up €135,690 (+44.9%), from €302,200 to €437,889
- Staff costs -€21,177
down €21,177 (-5.2%), from €406,488 to €385,311
- Other operating charges -€6,375
down €6,375 (-47.8%), from €13,346 to €6,972
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 | €348,156 | €389,780 | +€41,624 | +12.0% |
| Fixed assets | 21/28 | €15,916 | €18,710 | +€2,794 | +17.6% |
| Tangible fixed assets | 22/27 | €7,291 | €10,085 | +€2,794 | +38.3% |
| Plant, machinery and equipment | 23 | €4,927 | €8,492 | +€3,565 | +72.3% |
| Furniture and vehicles | 24 | €2,364 | €1,594 | -€771 | -32.6% |
| Financial fixed assets | 28 | €8,625 | €8,625 | = | 0.0% |
| Current assets | 29/58 | €332,240 | €371,070 | +€38,830 | +11.7% |
| Stocks and contracts in progress | 3 | €36,732 | €56,339 | +€19,607 | +53.4% |
| Stocks | 30/36 | €36,732 | €56,339 | +€19,607 | +53.4% |
| Amounts receivable within one year | 40/41 | €174,342 | €129,236 | -€45,106 | -25.9% |
| Trade receivables | 40 | €113,631 | €78,559 | -€35,072 | -30.9% |
| Other amounts receivable | 41 | €60,711 | €50,677 | -€10,034 | -16.5% |
| Cash at bank and in hand | 54/58 | €16,995 | €13,992 | -€3,002 | -17.7% |
| Deferred charges and accrued income | 490/1 | €104,171 | €171,502 | +€67,331 | +64.6% |
| Total equity and liabilities | 10/49 | €348,156 | €389,780 | +€41,624 | +12.0% |
| Equity | 10/15 | €8,392 | €42,678 | +€34,286 | +408.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €136,594 | €170,880 | +€34,286 | +25.1% |
| Distributable reserves | 133 | €136,594 | €170,880 | +€34,286 | +25.1% |
| Profit (loss) carried forward | 14 | -€130,602 | -€130,602 | = | 0.0% |
| Amounts payable | 17/49 | €339,764 | €347,102 | +€7,338 | +2.2% |
| Amounts payable within one year | 42/48 | €339,764 | €347,102 | +€7,338 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €229,385 | €185,823 | -€43,562 | -19.0% |
| Suppliers | 440/4 | €229,385 | €185,823 | -€43,562 | -19.0% |
| Advances received on contracts in progress | 46 | €91,804 | €113,009 | +€21,205 | +23.1% |
| Taxes, remuneration and social security | 45 | €15,575 | €5,270 | -€10,305 | -66.2% |
| Taxes | 450/3 | €9,242 | €5,270 | -€3,972 | -43.0% |
| Remuneration and social security | 454/9 | €6,334 | €0 | -€6,334 | -100.0% |
| Remuneration, social security and pensions | 62 | €406,488 | €385,311 | -€21,177 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €3,980 | -€1,818 | -31.4% |
| Other operating charges | 640/8 | €13,346 | €6,972 | -€6,375 | -47.8% |
| Non-recurring operating charges | 66A | €1,580 | €2,072 | +€492 | +31.2% |
| Gross operating margin | 9900 | €302,200 | €437,889 | +€135,690 | +44.9% |
| Operating profit (loss) | 9901 | -€125,012 | €39,555 | +€164,567 | |
| Financial income | 75/76B | €15 | €341 | +€325 | +2119.8% |
| Recurring financial income | 75 | €15 | €341 | +€325 | +2119.8% |
| Financial charges | 65/66B | €5,053 | €4,871 | -€182 | -3.6% |
| Recurring financial charges | 65 | €5,053 | €4,871 | -€182 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€130,049 | €35,025 | +€165,075 | |
| Income taxes | 67/77 | €703 | €739 | +€36 | +5.2% |
| Profit (loss) for the period | 9904 | -€130,752 | €34,286 | +€165,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130,752 | €34,286 | +€165,038 |
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 5 October 2026 via checked.be.