NO LIMITS: what changed
What changed
NO LIMITS
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
-€30,233
2024 · €40,918-€71,151
Equity
€221,924
2024 · €252,157-€30,233
Cash
€113,934
2024 · €211,977-€98,043
Balance sheet total
€347,675
2024 · €351,262-€3,587
Largest movements
Assets
- Cash -€98,043
down €98,043 (-46.3%), from €211,977 to €113,934
mainly Investment in fixed assets (net) (-€120,686) and Net result for the year (-€30,233)
- Tangible fixed assets +€95,362
up €95,362 (+768%), from €12,415 to €107,777
of which Furniture and vehicles: +€72,899
- Stocks and contracts +€14,869
up €14,869 (+39.3%), from €37,824 to €52,693
- Receivables within one year -€11,983
down €11,983 (-15.4%), from €77,562 to €65,579
of which Trade receivables: -€12,602
- Deferred charges and accrued income -€6,792
down €6,792 (-61.1%), from €11,121 to €4,329
Equity and liabilities
- Profit (loss) carried forward -€30,233
down €30,233 (-13.4%), from €225,456 to €195,223
- Other debts -€27,195
down €27,195 (-63.2%), from €43,000 to €15,805
- Trade debts +€26,582
up €26,582 (+77.1%), from €34,484 to €61,066
- Debts after one year +€19,108
new in 2025: €19,108
- Current portion of long-term debt +€7,656
new in 2025: €7,656
Income statement
- Gross operating margin -€62,995
down €62,995 (-37.4%), from €168,276 to €105,281
- Depreciation +€13,828
up €13,828 (+163%), from €8,496 to €22,324
- Taxes -€13,607
no longer reported in 2025 (was €13,607)
- Staff costs +€3,621
up €3,621 (+3.4%), from €106,541 to €110,162
- Other operating charges +€3,314
up €3,314 (+2,762%), from €120 to €3,434
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,918
Gross operating margin
-€62,995
Staff costs
-€3,621
Depreciation
-€13,828
Write-downs
+€105
Other operating charges
-€3,314
Other operating items
-€256
Financial income
-€269
Financial charges
-€580
Taxes
+€13,607
Result 2025
-€30,233
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€4,121
Investment
-€120,686
Financing
+€26,764
Cash 2024
€211,977
From operations (derived)
-€4,121
Net result for the year
-€30,233
Depreciation
+€22,324
Stocks and contracts
-€14,869
Receivables within one year
+€11,983
Deferred charges and accrued income
+€6,792
Trade debts
+€26,582
Tax, wage and social debts
-€4,013
Advances received
+€4,500
Other debts
-€27,195
Accrued charges and deferred income
+€9
Investment (derived)
-€120,686
Investment in fixed assets (net)
-€120,686
Financing
+€26,764
Debts after one year
+€19,108
Current portion of long-term debt
+€7,656
Cash 2025
€113,934
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,262 | €347,675 | -€3,587 | -1.0% |
| Fixed assets | 21/28 | €12,778 | €111,140 | +€98,362 | +770% |
| Tangible fixed assets | 22/27 | €12,415 | €107,777 | +€95,362 | +768% |
| Plant, machinery and equipment | 23 | €2,115 | €6,144 | +€4,029 | +190% |
| Furniture and vehicles | 24 | €10,299 | €83,198 | +€72,899 | +708% |
| Other tangible fixed assets | 26 | - | €18,434 | +€18,434 | |
| Financial fixed assets | 28 | €363 | €3,363 | +€3,000 | +826% |
| Current assets | 29/58 | €338,484 | €236,535 | -€101,950 | -30.1% |
| Stocks and contracts in progress | 3 | €37,824 | €52,693 | +€14,869 | +39.3% |
| Stocks | 30/36 | €37,824 | €52,693 | +€14,869 | +39.3% |
| Amounts receivable within one year | 40/41 | €77,562 | €65,579 | -€11,983 | -15.4% |
| Trade receivables | 40 | €69,305 | €56,702 | -€12,602 | -18.2% |
| Other amounts receivable | 41 | €8,257 | €8,876 | +€619 | +7.5% |
| Cash at bank and in hand | 54/58 | €211,977 | €113,934 | -€98,043 | -46.3% |
| Deferred charges and accrued income | 490/1 | €11,121 | €4,329 | -€6,792 | -61.1% |
| Total equity and liabilities | 10/49 | €351,262 | €347,675 | -€3,587 | -1.0% |
| Equity | 10/15 | €252,157 | €221,924 | -€30,233 | -12.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,109 | €8,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,456 | €195,223 | -€30,233 | -13.4% |
| Amounts payable | 17/49 | €99,105 | €125,751 | +€26,646 | +26.9% |
| Amounts payable after more than one year | 17 | - | €19,108 | +€19,108 | |
| Financial debts | 170/4 | - | €19,108 | +€19,108 | |
| Amounts payable within one year | 42/48 | €99,105 | €106,635 | +€7,530 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,656 | +€7,656 | |
| Trade debts | 44 | €34,484 | €61,066 | +€26,582 | +77.1% |
| Suppliers | 440/4 | €34,484 | €61,066 | +€26,582 | +77.1% |
| Advances received on contracts in progress | 46 | €4,000 | €8,500 | +€4,500 | +113% |
| Taxes, remuneration and social security | 45 | €17,620 | €13,607 | -€4,013 | -22.8% |
| Taxes | 450/3 | €17,040 | €13,607 | -€3,433 | -20.1% |
| Remuneration and social security | 454/9 | €580 | - | -€580 | |
| Other amounts payable | 47/48 | €43,000 | €15,805 | -€27,195 | -63.2% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €106,541 | €110,162 | +€3,621 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,496 | €22,324 | +€13,828 | +163% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,630 | -€1,735 | -€105 | -6.4% |
| Other operating charges | 640/8 | €120 | €3,434 | +€3,314 | +2,762% |
| Non-recurring operating charges | 66A | €96 | €352 | +€256 | +267% |
| Gross operating margin | 9900 | €168,276 | €105,281 | -€62,995 | -37.4% |
| Operating profit (loss) | 9901 | €54,653 | -€29,256 | -€83,909 | |
| Financial income | 75/76B | €720 | €451 | -€269 | -37.4% |
| Recurring financial income | 75 | €720 | €451 | -€269 | -37.4% |
| Financial charges | 65/66B | €848 | €1,428 | +€580 | +68.4% |
| Recurring financial charges | 65 | €848 | €1,428 | +€580 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €54,525 | -€30,233 | -€84,758 | |
| Income taxes | 67/77 | €13,607 | - | -€13,607 | |
| Profit (loss) for the period | 9904 | €40,918 | -€30,233 | -€71,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,918 | -€30,233 | -€71,151 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.