LMEP: 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.
LMEP
Largest movements
- Receivables after one year -€32,873
down €32,873 (-77.2%), from €42,583 to €9,711
- Receivables within one year -€29,715
down €29,715 (-23.9%), from €124,275 to €94,560
of which Other amounts receivable: -€42,653
- Tangible fixed assets -€17,996
down €17,996 (-31.2%), from €57,681 to €39,685
- Cash +€10,232
up €10,232 (+11.4%), from €90,003 to €100,235
mainly Trade debts (+€98,823) and Receivables after one year (+€32,873)
- Stocks and contracts +€6,190
up €6,190 (+38.2%), from €16,190 to €22,379
- Tax, wage and social debts -€109,850
down €109,850 (-57.7%), from €190,513 to €80,663
of which Taxes: -€68,780
- Trade debts +€98,823
up €98,823 (+1977.8%), from €4,997 to €103,820
- Profit (loss) carried forward -€53,429
down €53,429, from €34,348 to -€19,082
- Current portion of long-term debt -€8,313
down €8,313 (-35.3%), from €23,580 to €15,267
- Other debts +€8,176
new in 2025: €8,176
- Gross operating margin -€104,188
down €104,188 (-19.5%), from €533,582 to €429,394
- Financial charges -€5,469
down €5,469 (-31.4%), from €17,394 to €11,926
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,796 | €270,005 | -€63,791 | -19.1% |
| Fixed assets | 21/28 | €57,888 | €39,892 | -€17,996 | -31.1% |
| Tangible fixed assets | 22/27 | €57,681 | €39,685 | -€17,996 | -31.2% |
| Land and buildings | 22 | €9,315 | €1,502 | -€7,813 | -83.9% |
| Plant, machinery and equipment | 23 | €3,004 | €8,330 | +€5,326 | +177.3% |
| Furniture and vehicles | 24 | €23,847 | €16,922 | -€6,925 | -29.0% |
| Other tangible fixed assets | 26 | €21,516 | €12,932 | -€8,584 | -39.9% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €275,908 | €230,113 | -€45,795 | -16.6% |
| Amounts receivable after more than one year | 29 | €42,583 | €9,711 | -€32,873 | -77.2% |
| Other amounts receivable | 291 | €42,583 | €9,711 | -€32,873 | -77.2% |
| Stocks and contracts in progress | 3 | €16,190 | €22,379 | +€6,190 | +38.2% |
| Stocks | 30/36 | €16,190 | €22,379 | +€6,190 | +38.2% |
| Amounts receivable within one year | 40/41 | €124,275 | €94,560 | -€29,715 | -23.9% |
| Trade receivables | 40 | €55,064 | €68,003 | +€12,939 | +23.5% |
| Other amounts receivable | 41 | €69,211 | €26,558 | -€42,653 | -61.6% |
| Cash at bank and in hand | 54/58 | €90,003 | €100,235 | +€10,232 | +11.4% |
| Deferred charges and accrued income | 490/1 | €2,857 | €3,228 | +€371 | +13.0% |
| Total equity and liabilities | 10/49 | €333,796 | €270,005 | -€63,791 | -19.1% |
| Equity | 10/15 | €77,737 | €24,308 | -€53,429 | -68.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| 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 | €22,929 | €22,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,348 | -€19,082 | -€53,429 | |
| Amounts payable | 17/49 | €256,059 | €245,697 | -€10,362 | -4.0% |
| Amounts payable after more than one year | 17 | €36,970 | €37,772 | +€802 | +2.2% |
| Financial debts | 170/4 | €7,870 | €8,672 | +€802 | +10.2% |
| Advances received on contracts in progress | 176 | €29,000 | €29,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €219,089 | €207,925 | -€11,164 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €23,580 | €15,267 | -€8,313 | -35.3% |
| Trade debts | 44 | €4,997 | €103,820 | +€98,823 | +1977.8% |
| Suppliers | 440/4 | €4,997 | €103,820 | +€98,823 | +1977.8% |
| Taxes, remuneration and social security | 45 | €190,513 | €80,663 | -€109,850 | -57.7% |
| Taxes | 450/3 | €93,286 | €24,507 | -€68,780 | -73.7% |
| Remuneration and social security | 454/9 | €97,226 | €56,156 | -€41,070 | -42.2% |
| Other amounts payable | 47/48 | - | €8,176 | +€8,176 | |
| Remuneration, social security and pensions | 62 | €435,306 | €439,899 | +€4,593 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,827 | €28,016 | -€1,811 | -6.1% |
| Other operating charges | 640/8 | €1,043 | €3,912 | +€2,869 | +275.1% |
| Gross operating margin | 9900 | €533,582 | €429,394 | -€104,188 | -19.5% |
| Operating profit (loss) | 9901 | €67,406 | -€42,433 | -€109,840 | |
| Financial income | 75/76B | €39 | €108 | +€69 | +176.3% |
| Recurring financial income | 75 | €39 | €108 | +€69 | +176.3% |
| Financial charges | 65/66B | €17,394 | €11,926 | -€5,469 | -31.4% |
| Recurring financial charges | 65 | €17,394 | €11,926 | -€5,469 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €50,051 | -€54,251 | -€104,302 | |
| Income taxes | 67/77 | €3,000 | -€821 | -€3,821 | |
| Profit (loss) for the period | 9904 | €47,051 | -€53,429 | -€100,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,051 | -€53,429 | -€100,481 |
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 10 October 2026 via checked.be.