LMG Veegwerken: what changed
LMG Veegwerken
Largest movements
- Cash +€26,349
up €26,349 (+421%), from €6,266 to €32,616
mainly Net result for the year (+€103,723) and Depreciation (+€21,018)
- Deferred charges and accrued income +€12,247
up €12,247 (+256%), from €4,786 to €17,033
- Tangible fixed assets -€8,823
down €8,823 (-5.6%), from €156,940 to €148,117
of which Furniture and vehicles: -€27,262
- Receivables within one year -€6,523
down €6,523 (-3.3%), from €195,184 to €188,661
of which Other amounts receivable: -€15,451
- Intangible fixed assets -€5,000
down €5,000 (-15.8%), from €31,644 to €26,644
- Profit (loss) carried forward +€103,723
up €103,723 (+94.7%), from -€109,544 to -€5,821
- Debts after one year -€68,235
down €68,235 (-17.4%), from €391,083 to €322,849
- Trade debts -€8,692
down €8,692 (-16.8%), from €51,625 to €42,933
- Current portion of long-term debt -€4,836
down €4,836 (-23.6%), from €20,477 to €15,641
- Tax, wage and social debts -€4,259
down €4,259 (-12.3%), from €34,600 to €30,341
of which Remuneration and social security: -€4,259
- Gross operating margin +€63,924
up €63,924 (+15.4%), from €414,277 to €478,201
- Depreciation -€22,266
down €22,266 (-51.4%), from €43,284 to €21,018
- Financial charges -€11,882
down €11,882 (-67.6%), from €17,586 to €5,704
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 | €399,203 | €415,171 | +€15,968 | +4.0% |
| Fixed assets | 21/28 | €190,084 | €174,760 | -€15,323 | -8.1% |
| Intangible fixed assets | 21 | €31,644 | €26,644 | -€5,000 | -15.8% |
| Tangible fixed assets | 22/27 | €156,940 | €148,117 | -€8,823 | -5.6% |
| Plant, machinery and equipment | 23 | €40,644 | €24,128 | -€16,516 | -40.6% |
| Furniture and vehicles | 24 | €30,001 | €2,739 | -€27,262 | -90.9% |
| Leasing and similar rights | 25 | €86,295 | €121,250 | +€34,955 | +40.5% |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €209,119 | €240,411 | +€31,291 | +15.0% |
| Stocks and contracts in progress | 3 | €2,884 | €2,101 | -€783 | -27.1% |
| Stocks | 30/36 | €2,884 | €2,101 | -€783 | -27.1% |
| Amounts receivable within one year | 40/41 | €195,184 | €188,661 | -€6,523 | -3.3% |
| Trade receivables | 40 | €167,470 | €176,398 | +€8,928 | +5.3% |
| Other amounts receivable | 41 | €27,714 | €12,263 | -€15,451 | -55.8% |
| Cash at bank and in hand | 54/58 | €6,266 | €32,616 | +€26,349 | +421% |
| Deferred charges and accrued income | 490/1 | €4,786 | €17,033 | +€12,247 | +256% |
| Total equity and liabilities | 10/49 | €399,203 | €415,171 | +€15,968 | +4.0% |
| Equity | 10/15 | -€100,844 | €2,879 | +€103,723 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €2,700 | €2,700 | = | 0.0% |
| Distributable reserves | 133 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,544 | -€5,821 | +€103,723 | +94.7% |
| Amounts payable | 17/49 | €500,047 | €412,292 | -€87,755 | -17.5% |
| Amounts payable after more than one year | 17 | €391,083 | €322,849 | -€68,235 | -17.4% |
| Financial debts | 170/4 | €391,083 | €322,849 | -€68,235 | -17.4% |
| Amounts payable within one year | 42/48 | €108,964 | €89,443 | -€19,521 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €20,477 | €15,641 | -€4,836 | -23.6% |
| Trade debts | 44 | €51,625 | €42,933 | -€8,692 | -16.8% |
| Suppliers | 440/4 | €51,625 | €42,933 | -€8,692 | -16.8% |
| Taxes, remuneration and social security | 45 | €34,600 | €30,341 | -€4,259 | -12.3% |
| Taxes | 450/3 | €300 | €300 | = | 0.0% |
| Remuneration and social security | 454/9 | €34,300 | €30,041 | -€4,259 | -12.4% |
| Other amounts payable | 47/48 | €2,262 | €529 | -€1,734 | -76.6% |
| Non-recurring operating income | 76A | €2,235 | €5,244 | +€3,009 | +135% |
| Remuneration, social security and pensions | 62 | €339,115 | €338,413 | -€702 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,284 | €21,018 | -€22,266 | -51.4% |
| Other operating charges | 640/8 | €2,747 | €4,604 | +€1,857 | +67.6% |
| Non-recurring operating charges | 66A | €12,702 | €7,559 | -€5,143 | -40.5% |
| Gross operating margin | 9900 | €414,277 | €478,201 | +€63,924 | +15.4% |
| Operating profit (loss) | 9901 | €16,429 | €106,607 | +€90,178 | +549% |
| Financial income | 75/76B | €4,452 | €3,051 | -€1,401 | -31.5% |
| Recurring financial income | 75 | €4,452 | €3,051 | -€1,401 | -31.5% |
| Financial charges | 65/66B | €17,586 | €5,704 | -€11,882 | -67.6% |
| Recurring financial charges | 65 | €17,586 | €5,704 | -€11,882 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €3,295 | €103,954 | +€100,659 | +3,055% |
| Income taxes | 67/77 | €392 | €231 | -€161 | -41.1% |
| Profit (loss) for the period | 9904 | €2,903 | €103,723 | +€100,821 | +3,473% |
| Profit (loss) for the period to be appropriated | 9905 | €2,903 | €103,723 | +€100,821 | +3,473% |
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 8 November 2026 via checked.be.