LM ENERGY: what changed
What changed
LM ENERGY
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€336
2024 · €59,495-€59,160
Equity
€267,158
2024 · €266,822+€336
Cash
€203,216
2024 · €129,430+€73,787
Balance sheet total
€377,829
2024 · €365,942+€11,887
Largest movements
Assets
- Cash +€73,787
up €73,787 (+57.0%), from €129,430 to €203,216
mainly Receivables within one year (+€55,494) and Tax, wage and social debts (+€10,196)
- Receivables within one year -€55,494
down €55,494 (-24.5%), from €226,681 to €171,187
of which Trade receivables: -€60,449
- Tangible fixed assets -€4,319
down €4,319 (-55.8%), from €7,745 to €3,426
Equity and liabilities
- Tax, wage and social debts +€10,196
up €10,196 (+167%), from €6,105 to €16,301
of which Taxes: +€8,302
Income statement
- Gross operating margin -€60,438
down €60,438 (-34.4%), from €175,637 to €115,199
- Taxes -€8,118
down €8,118 (-77.6%), from €10,454 to €2,337
- Other operating charges +€4,738
up €4,738 (+259%), from €1,833 to €6,571
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
€59,495
Gross operating margin
-€60,438
Staff costs
-€1,319
Depreciation
-€489
Other operating charges
-€4,738
Financial income
-€619
Financial charges
+€325
Taxes
+€8,118
Result 2025
€336
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
+€75,868
Investment
€0
Financing
-€2,081
Cash 2024
€129,430
From operations (derived)
+€75,868
Net result for the year
+€336
Depreciation
+€4,319
Receivables within one year
+€55,494
Deferred charges and accrued income
+€2,086
Trade debts
+€1,651
Tax, wage and social debts
+€10,196
Other debts
+€1,786
Financing
-€2,081
Debts after one year
-€2,081
Cash 2025
€203,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,942 | €377,829 | +€11,887 | +3.2% |
| Fixed assets | 21/28 | €7,745 | €3,426 | -€4,319 | -55.8% |
| Tangible fixed assets | 22/27 | €7,745 | €3,426 | -€4,319 | -55.8% |
| Furniture and vehicles | 24 | €7,745 | €3,426 | -€4,319 | -55.8% |
| Current assets | 29/58 | €358,197 | €374,404 | +€16,207 | +4.5% |
| Amounts receivable within one year | 40/41 | €226,681 | €171,187 | -€55,494 | -24.5% |
| Trade receivables | 40 | €199,342 | €138,894 | -€60,449 | -30.3% |
| Other amounts receivable | 41 | €27,339 | €32,293 | +€4,955 | +18.1% |
| Cash at bank and in hand | 54/58 | €129,430 | €203,216 | +€73,787 | +57.0% |
| Deferred charges and accrued income | 490/1 | €2,086 | - | -€2,086 | |
| Total equity and liabilities | 10/49 | €365,942 | €377,829 | +€11,887 | +3.2% |
| Equity | 10/15 | €266,822 | €267,158 | +€336 | +0.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,562 | €252,898 | +€336 | +0.1% |
| Amounts payable | 17/49 | €99,119 | €110,671 | +€11,552 | +11.7% |
| Amounts payable after more than one year | 17 | €6,796 | €4,715 | -€2,081 | -30.6% |
| Financial debts | 170/4 | €6,796 | €4,715 | -€2,081 | -30.6% |
| Amounts payable within one year | 42/48 | €92,323 | €105,956 | +€13,633 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €1,735 | €1,735 | = | 0.0% |
| Trade debts | 44 | €63,624 | €65,276 | +€1,651 | +2.6% |
| Suppliers | 440/4 | €63,624 | €65,276 | +€1,651 | +2.6% |
| Taxes, remuneration and social security | 45 | €6,105 | €16,301 | +€10,196 | +167% |
| Taxes | 450/3 | €5,636 | €13,938 | +€8,302 | +147% |
| Remuneration and social security | 454/9 | €469 | €2,363 | +€1,894 | +404% |
| Other amounts payable | 47/48 | €20,859 | €22,645 | +€1,786 | +8.6% |
| Non-recurring operating income | 76A | - | €7,603 | +€7,603 | |
| Remuneration, social security and pensions | 62 | €99,388 | €100,706 | +€1,319 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,830 | €4,319 | +€489 | +12.8% |
| Other operating charges | 640/8 | €1,833 | €6,571 | +€4,738 | +259% |
| Gross operating margin | 9900 | €175,637 | €115,199 | -€60,438 | -34.4% |
| Operating profit (loss) | 9901 | €70,586 | €3,602 | -€66,984 | -94.9% |
| Financial income | 75/76B | €814 | €195 | -€619 | -76.0% |
| Recurring financial income | 75 | €814 | €195 | -€619 | -76.0% |
| Financial charges | 65/66B | €1,450 | €1,125 | -€325 | -22.4% |
| Recurring financial charges | 65 | €1,450 | €1,125 | -€325 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €69,949 | €2,672 | -€67,277 | -96.2% |
| Income taxes | 67/77 | €10,454 | €2,337 | -€8,118 | -77.6% |
| Profit (loss) for the period | 9904 | €59,495 | €336 | -€59,160 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,495 | €336 | -€59,160 | -99.4% |
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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 5 November 2026 via checked.be.