LME TECHNICS: 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.
LME TECHNICS
Largest movements
- Receivables within one year -€252,138
down €252,138 (-26.1%), from €967,439 to €715,302
of which Trade receivables: -€280,630
- Tangible fixed assets -€22,172
down €22,172 (-24.7%), from €89,815 to €67,643
of which Leasing and similar rights: -€22,004
- Trade debts -€287,298
down €287,298 (-78.5%), from €366,164 to €78,867
- Other debts +€167,034
new in 2025: €167,034
- Reserves -€135,136
down €135,136 (-47.5%), from €284,226 to €149,090
of which Distributable reserves: -€135,136
- Provisions +€28,316
up €28,316 (+20.4%), from €139,054 to €167,369
- Debts after one year -€23,822
down €23,822 (-35.3%), from €67,479 to €43,656
- Staff costs +€127,614
up €127,614 (+57.6%), from €221,521 to €349,135
- Gross operating margin +€104,742
up €104,742 (+30.0%), from €348,743 to €453,485
- Provisions +€15,237
up €15,237 (+117%), from €13,079 to €28,316
- Taxes -€12,083
down €12,083 (-36.4%), from €33,229 to €21,146
- Financial income +€8,068
up €8,068 (+147%), from €5,502 to €13,570
of which Financial income: +€8,276
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 | €1,075,361 | €792,851 | -€282,510 | -26.3% |
| Fixed assets | 21/28 | €95,840 | €74,268 | -€21,572 | -22.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €89,815 | €67,643 | -€22,172 | -24.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €168 | - | -€168 | |
| Leasing and similar rights | 25 | €89,647 | €67,643 | -€22,004 | -24.5% |
| Financial fixed assets | 28 | €6,025 | €6,625 | +€600 | +10.0% |
| Current assets | 29/58 | €979,521 | €718,583 | -€260,938 | -26.6% |
| Amounts receivable within one year | 40/41 | €967,439 | €715,302 | -€252,138 | -26.1% |
| Trade receivables | 40 | €757,618 | €476,987 | -€280,630 | -37.0% |
| Other amounts receivable | 41 | €209,822 | €238,315 | +€28,493 | +13.6% |
| Cash at bank and in hand | 54/58 | €4,915 | €3,281 | -€1,634 | -33.2% |
| Deferred charges and accrued income | 490/1 | €7,166 | - | -€7,166 | |
| Total equity and liabilities | 10/49 | €1,075,361 | €792,851 | -€282,510 | -26.3% |
| Equity | 10/15 | €302,826 | €167,690 | -€135,136 | -44.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,226 | €149,090 | -€135,136 | -47.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €282,366 | €147,230 | -€135,136 | -47.9% |
| Provisions and deferred taxes | 16 | €139,054 | €167,369 | +€28,316 | +20.4% |
| Provisions for liabilities and charges | 160/5 | €139,054 | €167,369 | +€28,316 | +20.4% |
| Other liabilities and charges | 164/5 | €139,054 | €167,369 | +€28,316 | +20.4% |
| Amounts payable | 17/49 | €633,481 | €457,792 | -€175,689 | -27.7% |
| Amounts payable after more than one year | 17 | €67,479 | €43,656 | -€23,822 | -35.3% |
| Financial debts | 170/4 | €67,479 | €43,656 | -€23,822 | -35.3% |
| Amounts payable within one year | 42/48 | €566,002 | €414,136 | -€151,866 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €109,614 | €93,332 | -€16,283 | -14.9% |
| Trade debts | 44 | €366,164 | €78,867 | -€287,298 | -78.5% |
| Suppliers | 440/4 | €366,164 | €78,867 | -€287,298 | -78.5% |
| Taxes, remuneration and social security | 45 | €90,223 | €74,903 | -€15,320 | -17.0% |
| Taxes | 450/3 | €50,010 | €38,754 | -€11,256 | -22.5% |
| Remuneration and social security | 454/9 | €40,213 | €36,149 | -€4,064 | -10.1% |
| Other amounts payable | 47/48 | - | €167,034 | +€167,034 | |
| Remuneration, social security and pensions | 62 | €221,521 | €349,135 | +€127,614 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,698 | €22,172 | +€5,474 | +32.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,079 | €28,316 | +€15,237 | +117% |
| Other operating charges | 640/8 | €6,751 | €5,361 | -€1,390 | -20.6% |
| Gross operating margin | 9900 | €348,743 | €453,485 | +€104,742 | +30.0% |
| Operating profit (loss) | 9901 | €90,695 | €48,501 | -€42,194 | -46.5% |
| Financial income | 75/76B | €5,502 | €13,570 | +€8,068 | +147% |
| Recurring financial income | 75 | €5,294 | €13,570 | +€8,276 | +156% |
| Non-recurring financial income | 76B | €208 | - | -€208 | |
| Financial charges | 65/66B | €4,685 | €9,027 | +€4,342 | +92.7% |
| Recurring financial charges | 65 | €4,685 | €9,027 | +€4,342 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €91,511 | €53,044 | -€38,467 | -42.0% |
| Income taxes | 67/77 | €33,229 | €21,146 | -€12,083 | -36.4% |
| Profit (loss) for the period | 9904 | €58,282 | €31,898 | -€26,385 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,282 | €31,898 | -€26,385 | -45.3% |
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 18 October 2026 via checked.be.