LM SALES: what changed
What changed
LM SALES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€350,297
2025 · €223,809+€126,488
Equity
€1.9m
2025 · €1.6m+€228,997
Cash
€522,410
2025 · €348,549+€173,861
Balance sheet total
€2.4m
2025 · €2.0m+€383,508
Largest movements
Assets
- Stocks and contracts +€220,680
up €220,680 (+23.4%), from €942,803 to €1.2m
- Cash +€173,861
up €173,861 (+49.9%), from €348,549 to €522,410
mainly Net result for the year (+€350,297) and Trade debts (+€116,084)
- Tangible fixed assets -€42,701
down €42,701 (-6.0%), from €713,060 to €670,359
of which Land and buildings: -€37,809
- Receivables within one year +€29,689
up €29,689 (+504%), from €5,888 to €35,577
Equity and liabilities
- Reserves +€228,997
up €228,997 (+14.1%), from €1.6m to €1.9m
of which Distributable reserves: +€228,997
- Trade debts +€116,084
up €116,084 (+177%), from €65,678 to €181,762
- Tax, wage and social debts +€95,238
up €95,238 (+117%), from €81,327 to €176,565
of which Taxes: +€95,238
- Other debts -€59,486
down €59,486 (-31.7%), from €187,779 to €128,293
Income statement
- Gross operating margin +€129,669
up €129,669 (+28.0%), from €463,925 to €593,594
- Taxes +€57,397
up €57,397 (+53.7%), from €106,951 to €164,348
- Write-downs -€44,000
down €44,000, from €39,500 to -€4,500
- Depreciation -€6,941
down €6,941 (-10.3%), from €67,363 to €60,422
Change in the result, 2025 to 2026
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 2025
€223,809
Gross operating margin
+€129,669
Depreciation
+€6,941
Write-downs
+€44,000
Other operating charges
+€237
Financial income
-€146
Financial charges
+€3,184
Taxes
-€57,397
Result 2026
€350,297
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€310,206
Investment
-€17,721
Financing
-€118,625
Cash 2025
€348,549
From operations (derived)
+€310,206
Net result for the year
+€350,297
Depreciation
+€60,422
Stocks and contracts
-€220,680
Receivables within one year
-€29,689
Deferred charges and accrued income
-€1,980
Trade debts
+€116,084
Tax, wage and social debts
+€95,238
Other debts
-€59,486
Investment (derived)
-€17,721
Investment in fixed assets (net)
-€17,721
Financing
-€118,625
Short-term financial debts
+€2,675
Contributions, distributions and other
-€121,300
Cash 2026
€522,410
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,355 | €2,396,863 | +€383,508 | +19.0% |
| Fixed assets | 21/28 | €713,060 | €670,359 | -€42,701 | -6.0% |
| Tangible fixed assets | 22/27 | €713,060 | €670,359 | -€42,701 | -6.0% |
| Land and buildings | 22 | €638,082 | €600,273 | -€37,809 | -5.9% |
| Plant, machinery and equipment | 23 | €45,176 | €38,641 | -€6,535 | -14.5% |
| Furniture and vehicles | 24 | €29,802 | €20,614 | -€9,188 | -30.8% |
| Other tangible fixed assets | 26 | - | €10,831 | +€10,831 | |
| Current assets | 29/58 | €1,300,295 | €1,726,504 | +€426,209 | +32.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €942,803 | €1,163,483 | +€220,680 | +23.4% |
| Stocks | 30/36 | €942,803 | €1,163,483 | +€220,680 | +23.4% |
| Amounts receivable within one year | 40/41 | €5,888 | €35,577 | +€29,689 | +504% |
| Trade receivables | 40 | €5,888 | €35,577 | +€29,689 | +504% |
| Cash at bank and in hand | 54/58 | €348,549 | €522,410 | +€173,861 | +49.9% |
| Deferred charges and accrued income | 490/1 | €3,055 | €5,034 | +€1,980 | +64.8% |
| Total equity and liabilities | 10/49 | €2,013,355 | €2,396,863 | +€383,508 | +19.0% |
| Equity | 10/15 | €1,646,838 | €1,875,834 | +€228,997 | +13.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,621,838 | €1,850,834 | +€228,997 | +14.1% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,616,838 | €1,845,834 | +€228,997 | +14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €366,517 | €521,028 | +€154,511 | +42.2% |
| Amounts payable within one year | 42/48 | €366,517 | €521,028 | +€154,511 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €31,733 | €34,408 | +€2,675 | +8.4% |
| Credit institutions | 430/8 | - | €29,325 | +€29,325 | |
| Other loans | 439 | €31,733 | €5,083 | -€26,650 | -84.0% |
| Trade debts | 44 | €65,678 | €181,762 | +€116,084 | +177% |
| Suppliers | 440/4 | €65,678 | €181,762 | +€116,084 | +177% |
| Taxes, remuneration and social security | 45 | €81,327 | €176,565 | +€95,238 | +117% |
| Taxes | 450/3 | €81,327 | €176,565 | +€95,238 | +117% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €187,779 | €128,293 | -€59,486 | -31.7% |
| Non-recurring operating income | 76A | €200 | €334 | +€134 | +66.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,363 | €60,422 | -€6,941 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,500 | -€4,500 | -€44,000 | |
| Other operating charges | 640/8 | €18,564 | €18,328 | -€237 | -1.3% |
| Gross operating margin | 9900 | €463,925 | €593,594 | +€129,669 | +28.0% |
| Operating profit (loss) | 9901 | €338,497 | €519,344 | +€180,847 | +53.4% |
| Financial income | 75/76B | €2,899 | €2,753 | -€146 | -5.0% |
| Recurring financial income | 75 | €2,899 | €2,753 | -€146 | -5.0% |
| Financial charges | 65/66B | €10,637 | €7,453 | -€3,184 | -29.9% |
| Recurring financial charges | 65 | €10,637 | €7,453 | -€3,184 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €330,760 | €514,645 | +€183,885 | +55.6% |
| Income taxes | 67/77 | €106,951 | €164,348 | +€57,397 | +53.7% |
| Profit (loss) for the period | 9904 | €223,809 | €350,297 | +€126,488 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €223,809 | €350,297 | +€126,488 | +56.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.