LMB RENOVATION: what changed
LMB RENOVATION
Largest movements
- Receivables within one year -€26,693
down €26,693 (-91.3%), from €29,246 to €2,553
of which Trade receivables: -€27,277
- Cash -€8,417
down €8,417 (-72.2%), from €11,661 to €3,244
mainly Trade debts (-€24,547) and Net result for the year (-€20,904)
- Tangible fixed assets -€5,911
down €5,911 (-36.2%), from €16,347 to €10,436
of which Plant, machinery and equipment: -€3,140
- Trade debts -€24,547
down €24,547 (-98.3%), from €24,977 to €430
- Profit (loss) carried forward -€20,904
down €20,904 (-361%), from -€5,794 to -€26,698
- Other debts +€5,451
up €5,451 (+191%), from €2,861 to €8,312
- Tax, wage and social debts -€1,210
no longer reported in 2025 (was €1,210)
- Gross operating margin -€15,710
down €15,710, from €6,900 to -€8,810
- Depreciation +€789
up €789 (+15.4%), from €5,121 to €5,911
- Taxes -€596
down €596, from €298 to -€298
- Financial charges -€403
down €403 (-50.7%), from €795 to €392
- Other operating charges +€139
up €139 (+30.9%), from €450 to €589
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,254 | €16,234 | -€41,021 | -71.6% |
| Fixed assets | 21/28 | €16,347 | €10,436 | -€5,911 | -36.2% |
| Tangible fixed assets | 22/27 | €16,347 | €10,436 | -€5,911 | -36.2% |
| Plant, machinery and equipment | 23 | €13,351 | €10,211 | -€3,140 | -23.5% |
| Furniture and vehicles | 24 | €2,996 | €225 | -€2,770 | -92.5% |
| Current assets | 29/58 | €40,907 | €5,797 | -€35,110 | -85.8% |
| Amounts receivable within one year | 40/41 | €29,246 | €2,553 | -€26,693 | -91.3% |
| Trade receivables | 40 | €28,444 | €1,167 | -€27,277 | -95.9% |
| Other amounts receivable | 41 | €802 | €1,386 | +€584 | +72.8% |
| Cash at bank and in hand | 54/58 | €11,661 | €3,244 | -€8,417 | -72.2% |
| Total equity and liabilities | 10/49 | €57,254 | €16,234 | -€41,021 | -71.6% |
| Equity | 10/15 | €4,206 | -€16,698 | -€20,904 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,794 | -€26,698 | -€20,904 | -361% |
| Amounts payable | 17/49 | €53,048 | €32,931 | -€20,117 | -37.9% |
| Amounts payable after more than one year | 17 | €24,000 | €23,900 | -€100 | -0.4% |
| Other amounts payable | 178/9 | €24,000 | €23,900 | -€100 | -0.4% |
| Amounts payable within one year | 42/48 | €29,048 | €9,031 | -€20,017 | -68.9% |
| Trade debts | 44 | €24,977 | €430 | -€24,547 | -98.3% |
| Suppliers | 440/4 | €24,977 | €430 | -€24,547 | -98.3% |
| Advances received on contracts in progress | 46 | - | €289 | +€289 | |
| Taxes, remuneration and social security | 45 | €1,210 | - | -€1,210 | |
| Taxes | 450/3 | €1,210 | - | -€1,210 | |
| Other amounts payable | 47/48 | €2,861 | €8,312 | +€5,451 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,121 | €5,911 | +€789 | +15.4% |
| Other operating charges | 640/8 | €450 | €589 | +€139 | +30.9% |
| Non-recurring operating charges | 66A | - | €5,500 | +€5,500 | |
| Gross operating margin | 9900 | €6,900 | -€8,810 | -€15,710 | |
| Operating profit (loss) | 9901 | €1,328 | -€20,810 | -€22,138 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €795 | €392 | -€403 | -50.7% |
| Recurring financial charges | 65 | €795 | €392 | -€403 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €536 | -€21,202 | -€21,738 | |
| Income taxes | 67/77 | €298 | -€298 | -€596 | |
| Profit (loss) for the period | 9904 | €238 | -€20,904 | -€21,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €238 | -€20,904 | -€21,142 |
Next steps
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 6 November 2026 via checked.be.