L.M.T.A.: what changed
What changed
L.M.T.A.
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€480,943
2024 · €378,663+€102,280
Equity
€1.7m
2024 · €1.3m+€480,943
Cash
€830,382
2024 · €372,407+€457,976
Balance sheet total
€8.3m
2024 · €5.8m+€2.4m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+37.8%), from €4.0m to €5.5m
of which Land and buildings: +€969,646
- Cash +€457,976
up €457,976 (+123%), from €372,407 to €830,382
mainly Debts after one year (+€1.1m) and Trade debts (+€579,998)
- Receivables within one year +€452,548
up €452,548 (+31.3%), from €1.4m to €1.9m
of which Trade receivables: +€462,241
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+36.2%), from €3.0m to €4.1m
- Trade debts +€579,998
up €579,998 (+76.8%), from €754,740 to €1.3m
- Reserves +€480,943
up €480,943 (+70.5%), from €681,907 to €1.2m
of which Distributable reserves: +€246,458
- Current portion of long-term debt +€135,565
up €135,565 (+31.7%), from €427,463 to €563,028
- Short-term financial debts +€112,300
up €112,300 (+49.9%), from €225,000 to €337,300
Income statement
- Gross operating margin +€372,780
up €372,780 (+37.9%), from €982,644 to €1.4m
- Financial charges +€128,520
up €128,520 (+165%), from €77,763 to €206,284
- Depreciation +€42,636
up €42,636 (+9.7%), from €440,831 to €483,468
- Taxes +€25,312
up €25,312 (+39.3%), from €64,356 to €89,668
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
€378,663
Gross operating margin
+€372,780
Depreciation
-€42,636
Other operating charges
+€594
Other operating items
-€4,472
Financial income
-€627
Financial charges
-€128,520
Taxes
-€25,312
Deferred taxes and other
-€69,526
Result 2025
€480,943
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
+€1.1m
Investment
-€2.0m
Financing
+€1.3m
Cash 2024
€372,407
From operations (derived)
+€1.1m
Net result for the year
+€480,943
Depreciation
+€483,468
Stocks and contracts
+€715
Receivables within one year
-€452,548
Deferred charges and accrued income
+€7,511
Provisions
+€78,162
Trade debts
+€579,998
Tax, wage and social debts
-€28,667
Other debts
-€34,919
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.3m
Debts after one year
+€1.1m
Current portion of long-term debt
+€135,565
Short-term financial debts
+€112,300
Cash 2025
€830,382
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,845,333 | €8,265,339 | +€2.4m | +41.4% |
| Fixed assets | 21/28 | €4,011,474 | €5,529,181 | +€1.5m | +37.8% |
| Tangible fixed assets | 22/27 | €4,011,274 | €5,528,981 | +€1.5m | +37.8% |
| Land and buildings | 22 | €2,247,688 | €3,217,334 | +€969,646 | +43.1% |
| Plant, machinery and equipment | 23 | €1,518,413 | €1,754,290 | +€235,877 | +15.5% |
| Furniture and vehicles | 24 | €321 | €6,730 | +€6,409 | +1,998% |
| Leasing and similar rights | 25 | €244,852 | €550,627 | +€305,775 | +125% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,833,859 | €2,736,158 | +€902,299 | +49.2% |
| Stocks and contracts in progress | 3 | €3,690 | €2,975 | -€715 | -19.4% |
| Stocks | 30/36 | €3,690 | €2,975 | -€715 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,447,761 | €1,900,309 | +€452,548 | +31.3% |
| Trade receivables | 40 | €1,437,578 | €1,899,820 | +€462,241 | +32.2% |
| Other amounts receivable | 41 | €10,183 | €490 | -€9,693 | -95.2% |
| Cash at bank and in hand | 54/58 | €372,407 | €830,382 | +€457,976 | +123% |
| Deferred charges and accrued income | 490/1 | €10,002 | €2,491 | -€7,511 | -75.1% |
| Total equity and liabilities | 10/49 | €5,845,333 | €8,265,339 | +€2.4m | +41.4% |
| Equity | 10/15 | €1,263,208 | €1,744,151 | +€480,943 | +38.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €681,907 | €1,162,850 | +€480,943 | +70.5% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,907 | €260,392 | +€234,485 | +905% |
| Distributable reserves | 133 | €650,000 | €896,458 | +€246,458 | +37.9% |
| Profit (loss) carried forward | 14 | €521,301 | €521,301 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,636 | €86,797 | +€78,162 | +905% |
| Deferred taxes | 168 | €8,636 | €86,797 | +€78,162 | +905% |
| Amounts payable | 17/49 | €4,573,490 | €6,434,391 | +€1.9m | +40.7% |
| Amounts payable after more than one year | 17 | €3,030,867 | €4,127,492 | +€1.1m | +36.2% |
| Financial debts | 170/4 | €3,030,867 | €4,127,492 | +€1.1m | +36.2% |
| Amounts payable within one year | 42/48 | €1,542,622 | €2,306,899 | +€764,277 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €427,463 | €563,028 | +€135,565 | +31.7% |
| Financial debts | 43 | €225,000 | €337,300 | +€112,300 | +49.9% |
| Credit institutions | 430/8 | €225,000 | €337,300 | +€112,300 | +49.9% |
| Trade debts | 44 | €754,740 | €1,334,737 | +€579,998 | +76.8% |
| Suppliers | 440/4 | €754,740 | €1,334,737 | +€579,998 | +76.8% |
| Taxes, remuneration and social security | 45 | €70,188 | €41,521 | -€28,667 | -40.8% |
| Taxes | 450/3 | €70,188 | €41,521 | -€28,667 | -40.8% |
| Other amounts payable | 47/48 | €65,232 | €30,313 | -€34,919 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440,831 | €483,468 | +€42,636 | +9.7% |
| Other operating charges | 640/8 | €6,218 | €5,624 | -€594 | -9.6% |
| Non-recurring operating charges | 66A | €7,948 | €12,420 | +€4,472 | +56.3% |
| Gross operating margin | 9900 | €982,644 | €1,355,424 | +€372,780 | +37.9% |
| Operating profit (loss) | 9901 | €527,647 | €853,912 | +€326,265 | +61.8% |
| Financial income | 75/76B | €1,771 | €1,144 | -€627 | -35.4% |
| Recurring financial income | 75 | €1,771 | €1,144 | -€627 | -35.4% |
| Financial charges | 65/66B | €77,763 | €206,284 | +€128,520 | +165% |
| Recurring financial charges | 65 | €77,763 | €206,284 | +€128,520 | +165% |
| Profit (loss) for the period before taxes | 9903 | €451,655 | €648,773 | +€197,118 | +43.6% |
| Transfer from deferred taxes | 780 | €1,439 | €14,706 | +€13,267 | +922% |
| Transfer to deferred taxes | 680 | €10,075 | €92,868 | +€82,793 | +822% |
| Income taxes | 67/77 | €64,356 | €89,668 | +€25,312 | +39.3% |
| Profit (loss) for the period | 9904 | €378,663 | €480,943 | +€102,280 | +27.0% |
| Transfer from tax-exempt reserves | 789 | €4,318 | €44,118 | +€39,801 | +922% |
| Transfer to tax-exempt reserves | 689 | €30,225 | €278,604 | +€248,379 | +822% |
| Profit (loss) for the period to be appropriated | 9905 | €352,756 | €246,458 | -€106,298 | -30.1% |
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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 3 November 2026 via checked.be.