LMDH: 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.
What changed
LMDH
NACE 55.204, Guest rooms (bed and breakfast)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€426,263
2024 · -€178,442-€247,821
Equity
-€640,388
2024 · -€214,125-€426,263
Cash
€9,684
2024 · €6,446+€3,238
Balance sheet total
€1.2m
2024 · €2.1m-€965,771
Largest movements
Assets
- Tangible fixed assets -€973,799
down €973,799 (-46.2%), from €2.1m to €1.1m
of which Land and buildings: -€942,767
Equity and liabilities
- Debts after one year -€615,376
down €615,376 (-53.3%), from €1.2m to €539,037
- Profit (loss) carried forward -€426,263
down €426,263 (-67.2%), from -€634,125 to -€1.1m
- Other debts +€87,682
up €87,682 (+8.2%), from €1.1m to €1.2m
- Current portion of long-term debt -€28,852
down €28,852 (-38.1%), from €75,651 to €46,799
Income statement
- Other operating charges +€261,027
up €261,027 (+4150.0%), from €6,290 to €267,316
- Depreciation -€27,113
down €27,113 (-15.7%), from €172,707 to €145,594
- Gross operating margin -€24,299
down €24,299 (-19.4%), from €125,530 to €101,230
- Staff costs -€7,560
down €7,560 (-8.9%), from €84,721 to €77,160
- Financial charges -€4,710
down €4,710 (-13.3%), from €35,427 to €30,717
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.
Result 2024
-€178,442
Gross operating margin
-€24,299
Staff costs
+€7,560
Depreciation
+€27,113
Other operating charges
-€261,027
Other operating items
-€1,813
Financial income
-€65
Financial charges
+€4,710
Result 2025
-€426,263
Cash bridge derived
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.
From operations
-€182,426
Investment
+€828,604
Financing
-€642,940
Cash 2024
€6,446
From operations (derived)
-€182,426
Net result for the year
-€426,263
Depreciation
+€145,594
Stocks and contracts
+€2,936
Receivables within one year
-€7,801
Smaller working-capital items
-€467
Trade debts
+€9,072
Tax, wage and social debts
+€6,819
Other debts
+€87,682
Investment (derived)
+€828,604
Investment in fixed assets (net)
+€828,604
Financing
-€642,940
Debts after one year
-€615,376
Current portion of long-term debt
-€28,852
Short-term financial debts
+€1,288
Cash 2025
€9,684
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,147,131 | €1,181,360 | -€965,771 | -45.0% |
| Fixed assets | 21/28 | €2,107,031 | €1,132,833 | -€974,198 | -46.2% |
| Intangible fixed assets | 21 | €399 | - | -€399 | |
| Tangible fixed assets | 22/27 | €2,106,532 | €1,132,733 | -€973,799 | -46.2% |
| Land and buildings | 22 | €2,022,698 | €1,079,931 | -€942,767 | -46.6% |
| Plant, machinery and equipment | 23 | €26,592 | €15,991 | -€10,602 | -39.9% |
| Furniture and vehicles | 24 | €32,316 | €19,818 | -€12,498 | -38.7% |
| Leasing and similar rights | 25 | €24,926 | €16,994 | -€7,932 | -31.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €40,100 | €48,527 | +€8,427 | +21.0% |
| Stocks and contracts in progress | 3 | €8,436 | €5,500 | -€2,936 | -34.8% |
| Stocks | 30/36 | €8,436 | €5,500 | -€2,936 | -34.8% |
| Amounts receivable within one year | 40/41 | €24,367 | €32,167 | +€7,801 | +32.0% |
| Trade receivables | 40 | €22,641 | €23,350 | +€710 | +3.1% |
| Other amounts receivable | 41 | €1,726 | €8,817 | +€7,091 | +410.8% |
| Cash at bank and in hand | 54/58 | €6,446 | €9,684 | +€3,238 | +50.2% |
| Deferred charges and accrued income | 490/1 | €851 | €1,175 | +€324 | +38.1% |
| Total equity and liabilities | 10/49 | €2,147,131 | €1,181,360 | -€965,771 | -45.0% |
| Equity | 10/15 | -€214,125 | -€640,388 | -€426,263 | -199.1% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€634,125 | -€1,060,388 | -€426,263 | -67.2% |
| Amounts payable | 17/49 | €2,361,256 | €1,821,748 | -€539,508 | -22.8% |
| Amounts payable after more than one year | 17 | €1,154,414 | €539,037 | -€615,376 | -53.3% |
| Financial debts | 170/4 | €1,154,414 | €539,037 | -€615,376 | -53.3% |
| Amounts payable within one year | 42/48 | €1,206,073 | €1,282,083 | +€76,011 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €75,651 | €46,799 | -€28,852 | -38.1% |
| Financial debts | 43 | €7,506 | €8,795 | +€1,288 | +17.2% |
| Credit institutions | 430/8 | €7,506 | €8,795 | +€1,288 | +17.2% |
| Trade debts | 44 | €38,545 | €47,617 | +€9,072 | +23.5% |
| Suppliers | 440/4 | €38,545 | €47,617 | +€9,072 | +23.5% |
| Taxes, remuneration and social security | 45 | €11,128 | €17,947 | +€6,819 | +61.3% |
| Taxes | 450/3 | €2,289 | €301 | -€1,988 | -86.9% |
| Remuneration and social security | 454/9 | €8,839 | €17,646 | +€8,808 | +99.6% |
| Other amounts payable | 47/48 | €1,073,243 | €1,160,926 | +€87,682 | +8.2% |
| Accrued charges and deferred income | 492/3 | €769 | €627 | -€142 | -18.5% |
| Non-recurring operating income | 76A | €11,157 | €4,327 | -€6,830 | -61.2% |
| Remuneration, social security and pensions | 62 | €84,721 | €77,160 | -€7,560 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,707 | €145,594 | -€27,113 | -15.7% |
| Other operating charges | 640/8 | €6,290 | €267,316 | +€261,027 | +4150.0% |
| Non-recurring operating charges | 66A | €4,903 | €6,716 | +€1,813 | +37.0% |
| Gross operating margin | 9900 | €125,530 | €101,230 | -€24,299 | -19.4% |
| Operating profit (loss) | 9901 | -€143,091 | -€395,557 | -€252,466 | -176.4% |
| Financial income | 75/76B | €75 | €11 | -€65 | -85.7% |
| Recurring financial income | 75 | €75 | €11 | -€65 | -85.7% |
| Financial charges | 65/66B | €35,427 | €30,717 | -€4,710 | -13.3% |
| Recurring financial charges | 65 | €35,427 | €30,717 | -€4,710 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€178,442 | -€426,263 | -€247,821 | -138.9% |
| Profit (loss) for the period | 9904 | -€178,442 | -€426,263 | -€247,821 | -138.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,442 | -€426,263 | -€247,821 | -138.9% |
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 12 October 2026 via checked.be.