LIMTRACO: 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.
LIMTRACO
Largest movements
- Stocks and contracts +€450,000
new in 2025: €450,000
- Cash +€233,206
up €233,206 (+791.8%), from €29,452 to €262,657
mainly Other debts (+€402,361) and Net result for the year (+€129,835)
- Tangible fixed assets -€141,718
down €141,718 (-29.9%), from €474,154 to €332,436
of which Land and buildings: -€138,605
- Receivables within one year -€101,900
down €101,900 (-9.4%), from €1.1m to €984,285
of which Other amounts receivable: -€101,940
- Other debts +€402,361
up €402,361 (+9580.0%), from €4,200 to €406,561
- Reserves +€129,835
up €129,835 (+9.4%), from €1.4m to €1.5m
of which Distributable reserves: +€302,232
- Debts after one year -€69,764
down €69,764 (-21.2%), from €329,675 to €259,911
- Provisions -€57,466
no longer reported in 2025 (was €57,466)
- Gross operating margin +€196,282
up €196,282 (+4452.3%), from €4,409 to €200,691
- Taxes +€104,266
up €104,266 (+5047.5%), from €2,066 to €106,332
- Other operating charges +€27,318
up €27,318 (+327.8%), from €8,333 to €35,651
- Depreciation -€26,627
down €26,627 (-40.0%), from €66,575 to €39,947
- Financial income +€5,721
up €5,721 (+9.4%), from €60,920 to €66,642
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 | €1,978,332 | €2,408,152 | +€429,821 | +21.7% |
| Fixed assets | 21/28 | €474,154 | €332,436 | -€141,718 | -29.9% |
| Tangible fixed assets | 22/27 | €474,154 | €332,436 | -€141,718 | -29.9% |
| Land and buildings | 22 | €464,175 | €325,570 | -€138,605 | -29.9% |
| Plant, machinery and equipment | 23 | €8,903 | €6,866 | -€2,037 | -22.9% |
| Furniture and vehicles | 24 | €1,077 | - | -€1,077 | |
| Current assets | 29/58 | €1,504,177 | €2,075,717 | +€571,539 | +38.0% |
| Amounts receivable after more than one year | 29 | €320,000 | €320,000 | = | 0.0% |
| Other amounts receivable | 291 | €320,000 | €320,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €450,000 | +€450,000 | |
| Stocks | 30/36 | - | €450,000 | +€450,000 | |
| Amounts receivable within one year | 40/41 | €1,086,185 | €984,285 | -€101,900 | -9.4% |
| Trade receivables | 40 | €2,416 | €2,456 | +€40 | +1.7% |
| Other amounts receivable | 41 | €1,083,769 | €981,829 | -€101,940 | -9.4% |
| Cash at bank and in hand | 54/58 | €29,452 | €262,657 | +€233,206 | +791.8% |
| Deferred charges and accrued income | 490/1 | €68,541 | €58,774 | -€9,767 | -14.2% |
| Total equity and liabilities | 10/49 | €1,978,332 | €2,408,152 | +€429,821 | +21.7% |
| Equity | 10/15 | €1,449,620 | €1,579,456 | +€129,835 | +9.0% |
| Contributions | 10/11 | €63,098 | €63,098 | = | 0.0% |
| Capital | 10 | €63,098 | €63,098 | = | 0.0% |
| Issued capital | 100 | €63,098 | €63,098 | = | 0.0% |
| Reserves | 13 | €1,386,522 | €1,516,358 | +€129,835 | +9.4% |
| Non-distributable reserves | 130/1 | €6,310 | €6,310 | = | 0.0% |
| Legal reserve | 130 | €6,310 | €6,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €172,397 | - | -€172,397 | |
| Distributable reserves | 133 | €1,207,816 | €1,510,048 | +€302,232 | +25.0% |
| Provisions and deferred taxes | 16 | €57,466 | - | -€57,466 | |
| Deferred taxes | 168 | €57,466 | - | -€57,466 | |
| Amounts payable | 17/49 | €471,245 | €828,696 | +€357,451 | +75.9% |
| Amounts payable after more than one year | 17 | €329,675 | €259,911 | -€69,764 | -21.2% |
| Financial debts | 170/4 | €329,675 | €259,911 | -€69,764 | -21.2% |
| Amounts payable within one year | 42/48 | €141,571 | €562,760 | +€421,189 | +297.5% |
| Current portion of amounts payable after more than one year | 42 | €82,485 | €69,764 | -€12,722 | -15.4% |
| Trade debts | 44 | €27,397 | €38,260 | +€10,863 | +39.6% |
| Suppliers | 440/4 | €27,397 | €38,260 | +€10,863 | +39.6% |
| Taxes, remuneration and social security | 45 | €27,489 | €48,176 | +€20,687 | +75.3% |
| Taxes | 450/3 | €27,489 | €48,176 | +€20,687 | +75.3% |
| Other amounts payable | 47/48 | €4,200 | €406,561 | +€402,361 | +9580.0% |
| Accrued charges and deferred income | 492/3 | - | €6,026 | +€6,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,575 | €39,947 | -€26,627 | -40.0% |
| Other operating charges | 640/8 | €8,333 | €35,651 | +€27,318 | +327.8% |
| Gross operating margin | 9900 | €4,409 | €200,691 | +€196,282 | +4452.3% |
| Operating profit (loss) | 9901 | -€70,499 | €125,092 | +€195,591 | |
| Financial income | 75/76B | €60,920 | €66,642 | +€5,721 | +9.4% |
| Recurring financial income | 75 | €60,920 | €66,642 | +€5,721 | +9.4% |
| Financial charges | 65/66B | €14,511 | €13,031 | -€1,480 | -10.2% |
| Recurring financial charges | 65 | €14,511 | €13,031 | -€1,480 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,090 | €178,702 | +€202,791 | |
| Transfer from deferred taxes | 780 | €5,367 | €57,466 | +€52,099 | +970.7% |
| Income taxes | 67/77 | €2,066 | €106,332 | +€104,266 | +5047.5% |
| Profit (loss) for the period | 9904 | -€20,788 | €129,835 | +€150,624 | |
| Transfer from tax-exempt reserves | 789 | €10,423 | €172,397 | +€161,974 | +1554.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,366 | €302,232 | +€312,598 |
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 9 October 2026 via checked.be.