LKM: what changed
What changed
LKM
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€29,205
2024 · €3,709+€25,496
Equity
€611,702
2024 · €582,497+€29,205
Cash
€1,624
2024 · €135+€1,489
Balance sheet total
€918,972
2024 · €938,151-€19,178
Largest movements
Assets
- Receivables within one year -€13,457
down €13,457 (-5.7%), from €235,410 to €221,953
of which Other amounts receivable: -€10,777
Equity and liabilities
- Trade debts -€67,283
down €67,283 (-88.3%), from €76,229 to €8,946
- Reserves +€29,205
up €29,205 (+5.1%), from €570,097 to €599,302
- Short-term financial debts +€12,500
up €12,500, from €0 to €12,500
Income statement
- Gross operating margin +€27,989
up €27,989 (+133%), from €21,045 to €49,035
- Taxes +€5,338
up €5,338 (+329%), from €1,621 to €6,959
- Financial charges -€1,683
down €1,683 (-26.4%), from €6,372 to €4,689
- Depreciation -€578
down €578 (-7.7%), from €7,509 to €6,932
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
€3,709
Gross operating margin
+€27,989
Depreciation
+€578
Other operating charges
+€485
Financial income
+€99
Financial charges
+€1,683
Taxes
-€5,338
Result 2025
€29,205
raises the resultlowers the result
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
-€12,809
Investment
-€1,043
Financing
+€15,341
Cash 2024
€135
From operations (derived)
-€12,809
Net result for the year
+€29,205
Depreciation
+€6,932
Receivables within one year
+€13,457
Deferred charges and accrued income
+€1,321
Trade debts
-€67,283
Tax, wage and social debts
+€3,559
Investment (derived)
-€1,043
Investment in fixed assets (net)
-€1,043
Financing
+€15,341
Debts after one year
-€5,588
Current portion of long-term debt
+€8,428
Short-term financial debts
+€12,500
Cash 2025
€1,624
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €938,151 | €918,972 | -€19,178 | -2.0% |
| Fixed assets | 21/28 | €83,284 | €77,396 | -€5,889 | -7.1% |
| Tangible fixed assets | 22/27 | €83,284 | €77,396 | -€5,889 | -7.1% |
| Land and buildings | 22 | €58,506 | €55,134 | -€3,372 | -5.8% |
| Plant, machinery and equipment | 23 | €22,447 | €19,622 | -€2,825 | -12.6% |
| Furniture and vehicles | 24 | €2,331 | €2,640 | +€308 | +13.2% |
| Current assets | 29/58 | €854,866 | €841,577 | -€13,290 | -1.6% |
| Amounts receivable after more than one year | 29 | €618,000 | €618,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €618,000 | €618,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €235,410 | €221,953 | -€13,457 | -5.7% |
| Trade receivables | 40 | €84,980 | €82,300 | -€2,680 | -3.2% |
| Other amounts receivable | 41 | €150,430 | €139,653 | -€10,777 | -7.2% |
| Cash at bank and in hand | 54/58 | €135 | €1,624 | +€1,489 | +1,099% |
| Deferred charges and accrued income | 490/1 | €1,321 | €0 | -€1,321 | -100% |
| Total equity and liabilities | 10/49 | €938,151 | €918,972 | -€19,178 | -2.0% |
| Equity | 10/15 | €582,497 | €611,702 | +€29,205 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €570,097 | €599,302 | +€29,205 | +5.1% |
| Distributable reserves | 133 | €570,097 | €599,302 | +€29,205 | +5.1% |
| Amounts payable | 17/49 | €355,653 | €307,270 | -€48,383 | -13.6% |
| Amounts payable after more than one year | 17 | €237,740 | €232,152 | -€5,588 | -2.4% |
| Financial debts | 170/4 | €237,740 | €232,152 | -€5,588 | -2.4% |
| Amounts payable within one year | 42/48 | €117,914 | €75,118 | -€42,796 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €6,968 | €15,397 | +€8,428 | +121% |
| Financial debts | 43 | €0 | €12,500 | +€12,500 | |
| Credit institutions | 430/8 | €0 | €12,500 | +€12,500 | |
| Trade debts | 44 | €76,229 | €8,946 | -€67,283 | -88.3% |
| Suppliers | 440/4 | €76,229 | €8,946 | -€67,283 | -88.3% |
| Taxes, remuneration and social security | 45 | €9,442 | €13,001 | +€3,559 | +37.7% |
| Taxes | 450/3 | €9,442 | €13,001 | +€3,559 | +37.7% |
| Other amounts payable | 47/48 | €25,274 | €25,274 | = | 0.0% |
| Non-recurring operating income | 76A | €51,015 | €0 | -€51,015 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,509 | €6,932 | -€578 | -7.7% |
| Other operating charges | 640/8 | €1,835 | €1,350 | -€485 | -26.4% |
| Gross operating margin | 9900 | €21,045 | €49,035 | +€27,989 | +133% |
| Operating profit (loss) | 9901 | €11,701 | €40,753 | +€29,052 | +248% |
| Financial income | 75/76B | €1 | €100 | +€99 | +13,058% |
| Recurring financial income | 75 | €1 | €100 | +€99 | +13,058% |
| Financial charges | 65/66B | €6,372 | €4,689 | -€1,683 | -26.4% |
| Recurring financial charges | 65 | €6,372 | €4,689 | -€1,683 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €5,330 | €36,164 | +€30,834 | +578% |
| Income taxes | 67/77 | €1,621 | €6,959 | +€5,338 | +329% |
| Profit (loss) for the period | 9904 | €3,709 | €29,205 | +€25,496 | +687% |
| Profit (loss) for the period to be appropriated | 9905 | €3,709 | €29,205 | +€25,496 | +687% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 1 November 2026 via checked.be.