VDL Limoco: what changed
What changed
VDL Limoco
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€653,945
2024 · €816,684-€162,739
Equity
€2.0m
2024 · €1.4m+€652,921
Cash
€174,096
2024 · €59,293+€114,803
Balance sheet total
€6.1m
2024 · €5.9m+€227,815
Largest movements
Assets
- Current investments -€285,000
down €285,000 (-28.5%), from €1.0m to €715,000
- Tangible fixed assets +€230,858
up €230,858 (+14.1%), from €1.6m to €1.9m
of which Plant, machinery and equipment: +€193,365
- Stocks and contracts +€115,261
up €115,261 (+12.7%), from €907,557 to €1.0m
of which Contracts in progress: +€108,471
- Cash +€114,803
up €114,803 (+194%), from €59,293 to €174,096
mainly Net result for the year (+€653,945) and Depreciation (+€310,775)
- Receivables within one year +€73,374
up €73,374 (+3.4%), from €2.2m to €2.2m
of which Other amounts receivable: +€67,406
Equity and liabilities
- Profit (loss) carried forward +€653,945
up €653,945 (+54.8%), from €1.2m to €1.8m
- Advances received -€399,989
down €399,989 (-18.6%), from €2.2m to €1.8m
- Other debts -€306,511
down €306,511 (-28.8%), from €1.1m to €759,158
- Trade debts +€164,231
up €164,231 (+31.8%), from €516,469 to €680,699
- Tax, wage and social debts +€110,616
up €110,616 (+14.4%), from €769,540 to €880,156
of which Remuneration and social security: +€138,055
Income statement
- Staff costs +€409,295
up €409,295 (+10.2%), from €4.0m to €4.4m
- Gross operating margin +€274,385
up €274,385 (+5.1%), from €5.4m to €5.6m
- Taxes -€67,924
down €67,924 (-23.0%), from €295,369 to €227,445
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
€816,684
Gross operating margin
+€274,385
Staff costs
-€409,295
Depreciation
-€51,069
Write-downs
-€41,566
Other operating charges
-€703
Other operating items
-€210
Financial income
-€6,755
Financial charges
+€4,550
Taxes
+€67,924
Result 2025
€653,945
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
+€372,460
Investment
-€256,633
Financing
-€1,024
Cash 2024
€59,293
From operations (derived)
+€372,460
Net result for the year
+€653,945
Depreciation
+€310,775
Stocks and contracts
-€115,261
Receivables within one year
-€73,374
Deferred charges and accrued income
+€21,481
Provisions
-€341
Trade debts
+€164,231
Tax, wage and social debts
+€110,616
Advances received
-€399,989
Other debts
-€306,511
Accrued charges and deferred income
+€6,888
Investment (derived)
-€256,633
Investment in fixed assets (net)
-€541,633
Current investments
+€285,000
Financing
-€1,024
Contributions, distributions and other
-€1,024
Cash 2025
€174,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,913,256 | €6,141,071 | +€227,815 | +3.9% |
| Fixed assets | 21/28 | €1,666,131 | €1,896,989 | +€230,858 | +13.9% |
| Tangible fixed assets | 22/27 | €1,636,853 | €1,867,711 | +€230,858 | +14.1% |
| Land and buildings | 22 | €793,525 | €727,010 | -€66,515 | -8.4% |
| Plant, machinery and equipment | 23 | €563,461 | €756,825 | +€193,365 | +34.3% |
| Furniture and vehicles | 24 | €279,867 | €383,875 | +€104,008 | +37.2% |
| Financial fixed assets | 28 | €29,278 | €29,278 | = | 0.0% |
| Current assets | 29/58 | €4,247,125 | €4,244,082 | -€3,043 | -0.1% |
| Stocks and contracts in progress | 3 | €907,557 | €1,022,818 | +€115,261 | +12.7% |
| Stocks | 30/36 | €745,248 | €752,039 | +€6,790 | +0.9% |
| Contracts in progress | 37 | €162,309 | €270,780 | +€108,471 | +66.8% |
| Amounts receivable within one year | 40/41 | €2,169,000 | €2,242,374 | +€73,374 | +3.4% |
| Trade receivables | 40 | €2,048,250 | €2,054,217 | +€5,968 | +0.3% |
| Other amounts receivable | 41 | €120,750 | €188,156 | +€67,406 | +55.8% |
| Current investments | 50/53 | €1,000,000 | €715,000 | -€285,000 | -28.5% |
| Cash at bank and in hand | 54/58 | €59,293 | €174,096 | +€114,803 | +194% |
| Deferred charges and accrued income | 490/1 | €111,275 | €89,794 | -€21,481 | -19.3% |
| Total equity and liabilities | 10/49 | €5,913,256 | €6,141,071 | +€227,815 | +3.9% |
| Equity | 10/15 | €1,366,921 | €2,019,842 | +€652,921 | +47.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €32,229 | €32,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,242 | €1,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,193,245 | €1,847,190 | +€653,945 | +54.8% |
| Investment grants | 15 | €1,447 | €423 | -€1,024 | -70.8% |
| Provisions and deferred taxes | 16 | €482 | €141 | -€341 | -70.8% |
| Deferred taxes | 168 | €482 | €141 | -€341 | -70.8% |
| Amounts payable | 17/49 | €4,545,853 | €4,121,088 | -€424,765 | -9.3% |
| Amounts payable within one year | 42/48 | €4,503,719 | €4,072,066 | -€431,653 | -9.6% |
| Trade debts | 44 | €516,469 | €680,699 | +€164,231 | +31.8% |
| Suppliers | 440/4 | €516,469 | €680,699 | +€164,231 | +31.8% |
| Advances received on contracts in progress | 46 | €2,152,041 | €1,752,053 | -€399,989 | -18.6% |
| Taxes, remuneration and social security | 45 | €769,540 | €880,156 | +€110,616 | +14.4% |
| Taxes | 450/3 | €66,185 | €38,746 | -€27,439 | -41.5% |
| Remuneration and social security | 454/9 | €703,355 | €841,410 | +€138,055 | +19.6% |
| Other amounts payable | 47/48 | €1,065,669 | €759,158 | -€306,511 | -28.8% |
| Accrued charges and deferred income | 492/3 | €42,134 | €49,022 | +€6,888 | +16.3% |
| Non-recurring operating income | 76A | €4,315 | €19,750 | +€15,435 | +358% |
| Remuneration, social security and pensions | 62 | €4,025,787 | €4,435,081 | +€409,295 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,707 | €310,775 | +€51,069 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€41,566 | - | +€41,566 | |
| Other operating charges | 640/8 | €42,533 | €43,235 | +€703 | +1.7% |
| Non-recurring operating charges | 66A | - | €210 | +€210 | |
| Gross operating margin | 9900 | €5,353,519 | €5,627,904 | +€274,385 | +5.1% |
| Operating profit (loss) | 9901 | €1,067,059 | €838,602 | -€228,457 | -21.4% |
| Financial income | 75/76B | €53,924 | €47,169 | -€6,755 | -12.5% |
| Recurring financial income | 75 | €53,924 | €47,169 | -€6,755 | -12.5% |
| Financial charges | 65/66B | €9,272 | €4,722 | -€4,550 | -49.1% |
| Recurring financial charges | 65 | €9,272 | €4,722 | -€4,550 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €1,111,712 | €881,049 | -€230,663 | -20.7% |
| Transfer from deferred taxes | 780 | €341 | €341 | = | 0.0% |
| Income taxes | 67/77 | €295,369 | €227,445 | -€67,924 | -23.0% |
| Profit (loss) for the period | 9904 | €816,684 | €653,945 | -€162,739 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €816,684 | €653,945 | -€162,739 | -19.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.