LMB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LMB
Largest movements
- Stocks and contracts +€56,374
up €56,374 (+26.8%), from €210,260 to €266,635
- Cash +€22,203
up €22,203 (+183%), from €12,105 to €34,308
mainly Net result for the year (+€52,305) and Tax, wage and social debts (+€25,305)
- Profit (loss) carried forward +€52,305
up €52,305 (+76.8%), from €68,099 to €120,404
- Tax, wage and social debts +€25,305
up €25,305 (+118%), from €21,422 to €46,727
of which Taxes: +€17,112
- Trade debts +€10,349
up €10,349 (+65.1%), from €15,905 to €26,255
- Other debts -€6,694
down €6,694 (-6.3%), from €105,510 to €98,816
- Gross operating margin +€57,688
up €57,688 (+108%), from €53,289 to €110,977
- Staff costs +€34,350
new in 2025: €34,350
- Taxes +€6,329
up €6,329 (+49.4%), from €12,807 to €19,136
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,271 | €312,536 | +€81,265 | +35.1% |
| Fixed assets | 21/28 | €6,055 | €6,914 | +€859 | +14.2% |
| Tangible fixed assets | 22/27 | €6,055 | €6,914 | +€859 | +14.2% |
| Plant, machinery and equipment | 23 | €3,783 | €5,951 | +€2,168 | +57.3% |
| Furniture and vehicles | 24 | €2,272 | €963 | -€1,309 | -57.6% |
| Current assets | 29/58 | €225,217 | €305,622 | +€80,405 | +35.7% |
| Stocks and contracts in progress | 3 | €210,260 | €266,635 | +€56,374 | +26.8% |
| Stocks | 30/36 | €210,260 | €266,635 | +€56,374 | +26.8% |
| Amounts receivable within one year | 40/41 | €2,423 | €1,884 | -€539 | -22.2% |
| Trade receivables | 40 | €1,845 | - | -€1,845 | |
| Other amounts receivable | 41 | €578 | €1,884 | +€1,306 | +226% |
| Cash at bank and in hand | 54/58 | €12,105 | €34,308 | +€22,203 | +183% |
| Deferred charges and accrued income | 490/1 | €429 | €2,795 | +€2,367 | +552% |
| Total equity and liabilities | 10/49 | €231,271 | €312,536 | +€81,265 | +35.1% |
| Equity | 10/15 | €88,434 | €140,739 | +€52,305 | +59.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,734 | €1,734 | = | 0.0% |
| Distributable reserves | 133 | €1,734 | €1,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,099 | €120,404 | +€52,305 | +76.8% |
| Amounts payable | 17/49 | €142,838 | €171,797 | +€28,960 | +20.3% |
| Amounts payable within one year | 42/48 | €142,838 | €171,797 | +€28,960 | +20.3% |
| Trade debts | 44 | €15,905 | €26,255 | +€10,349 | +65.1% |
| Suppliers | 440/4 | €15,905 | €26,255 | +€10,349 | +65.1% |
| Taxes, remuneration and social security | 45 | €21,422 | €46,727 | +€25,305 | +118% |
| Taxes | 450/3 | €21,422 | €38,535 | +€17,112 | +79.9% |
| Remuneration and social security | 454/9 | - | €8,192 | +€8,192 | |
| Other amounts payable | 47/48 | €105,510 | €98,816 | -€6,694 | -6.3% |
| Remuneration, social security and pensions | 62 | - | €34,350 | +€34,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,578 | €2,618 | +€40 | +1.6% |
| Other operating charges | 640/8 | €513 | €128 | -€385 | -75.1% |
| Gross operating margin | 9900 | €53,289 | €110,977 | +€57,688 | +108% |
| Operating profit (loss) | 9901 | €50,198 | €73,881 | +€23,684 | +47.2% |
| Financial income | 75/76B | €5 | €155 | +€150 | +3,007% |
| Recurring financial income | 75 | €5 | €155 | +€150 | +3,007% |
| Financial charges | 65/66B | €2,248 | €2,596 | +€347 | +15.5% |
| Recurring financial charges | 65 | €2,248 | €2,596 | +€347 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €47,955 | €71,441 | +€23,486 | +49.0% |
| Income taxes | 67/77 | €12,807 | €19,136 | +€6,329 | +49.4% |
| Profit (loss) for the period | 9904 | €35,147 | €52,305 | +€17,158 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,147 | €52,305 | +€17,158 | +48.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.