LMconstruct: 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.
LMconstruct
Largest movements
- Tangible fixed assets +€41,773
up €41,773 (+41.9%), from €99,780 to €141,553
of which Furniture and vehicles: +€38,593
- Stocks and contracts +€17,234
up €17,234 (+738%), from €2,335 to €19,569
of which Stocks: +€17,234
- Receivables within one year +€5,563
up €5,563 (+17.8%), from €31,264 to €36,827
of which Other amounts receivable: +€3,709
- Cash -€4,636
down €4,636 (-11.0%), from €42,325 to €37,688
mainly Investment in fixed assets (net) (-€74,160) and Stocks and contracts (-€17,234)
- Debts after one year +€46,443
up €46,443 (+78.7%), from €59,035 to €105,478
- Current portion of long-term debt +€22,081
up €22,081 (+86.6%), from €25,512 to €47,592
- Trade debts -€13,140
down €13,140 (-57.3%), from €22,916 to €9,775
- Other debts -€8,661
down €8,661 (-100%), from €8,661 to €0
- Reserves +€8,326
up €8,326 (+16.8%), from €49,613 to €57,939
- Gross operating margin +€15,143
up €15,143 (+29.7%), from €50,953 to €66,096
- Other operating charges +€11,809
up €11,809 (+387%), from €3,049 to €14,858
- Depreciation +€2,585
up €2,585 (+8.7%), from €29,802 to €32,387
- Taxes +€1,530
up €1,530 (+26.8%), from €5,702 to €7,233
- Financial income +€1,270
up €1,270 (+4,234,700%), from €0 to €1,270
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 | €176,293 | €238,180 | +€61,887 | +35.1% |
| Fixed assets | 21/28 | €99,780 | €141,553 | +€41,773 | +41.9% |
| Tangible fixed assets | 22/27 | €99,780 | €141,553 | +€41,773 | +41.9% |
| Plant, machinery and equipment | 23 | €32,541 | €35,721 | +€3,180 | +9.8% |
| Furniture and vehicles | 24 | €67,238 | €105,831 | +€38,593 | +57.4% |
| Current assets | 29/58 | €76,514 | €96,628 | +€20,114 | +26.3% |
| Stocks and contracts in progress | 3 | €2,335 | €19,569 | +€17,234 | +738% |
| Stocks | 30/36 | €2,335 | €19,569 | +€17,234 | +738% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €31,264 | €36,827 | +€5,563 | +17.8% |
| Trade receivables | 40 | €24,681 | €26,534 | +€1,854 | +7.5% |
| Other amounts receivable | 41 | €6,583 | €10,292 | +€3,709 | +56.3% |
| Cash at bank and in hand | 54/58 | €42,325 | €37,688 | -€4,636 | -11.0% |
| Deferred charges and accrued income | 490/1 | €590 | €2,544 | +€1,954 | +331% |
| Total equity and liabilities | 10/49 | €176,293 | €238,180 | +€61,887 | +35.1% |
| Equity | 10/15 | €55,813 | €64,139 | +€8,326 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,613 | €57,939 | +€8,326 | +16.8% |
| Distributable reserves | 133 | €49,613 | €57,939 | +€8,326 | +16.8% |
| Amounts payable | 17/49 | €120,480 | €174,042 | +€53,561 | +44.5% |
| Amounts payable after more than one year | 17 | €59,035 | €105,478 | +€46,443 | +78.7% |
| Financial debts | 170/4 | €59,035 | €105,478 | +€46,443 | +78.7% |
| Amounts payable within one year | 42/48 | €61,445 | €68,377 | +€6,932 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €25,512 | €47,592 | +€22,081 | +86.6% |
| Trade debts | 44 | €22,916 | €9,775 | -€13,140 | -57.3% |
| Suppliers | 440/4 | €22,916 | €9,775 | -€13,140 | -57.3% |
| Taxes, remuneration and social security | 45 | €4,357 | €11,010 | +€6,653 | +153% |
| Taxes | 450/3 | €4,357 | €11,010 | +€6,653 | +153% |
| Other amounts payable | 47/48 | €8,661 | €0 | -€8,661 | -100% |
| Accrued charges and deferred income | 492/3 | - | €187 | +€187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,802 | €32,387 | +€2,585 | +8.7% |
| Other operating charges | 640/8 | €3,049 | €14,858 | +€11,809 | +387% |
| Gross operating margin | 9900 | €50,953 | €66,096 | +€15,143 | +29.7% |
| Operating profit (loss) | 9901 | €18,102 | €18,851 | +€749 | +4.1% |
| Financial income | 75/76B | €0 | €1,270 | +€1,270 | +4,234,700% |
| Recurring financial income | 75 | €0 | €1,270 | +€1,270 | +4,234,700% |
| Financial charges | 65/66B | €3,465 | €4,563 | +€1,098 | +31.7% |
| Recurring financial charges | 65 | €3,465 | €4,563 | +€1,098 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €14,637 | €15,558 | +€921 | +6.3% |
| Income taxes | 67/77 | €5,702 | €7,233 | +€1,530 | +26.8% |
| Profit (loss) for the period | 9904 | €8,934 | €8,326 | -€609 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,934 | €8,326 | -€609 | -6.8% |
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 14 October 2026 via checked.be.