LMIT: what changed
Two fiscal 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
LMIT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€161,438
2024 · €22,152+€139,286
Equity
€2.5m
2024 · €2.4m+€153,346
Cash
€55,586
2024 · €60,216-€4,630
Balance sheet total
€7.4m
2024 · €6.9m+€490,787
Largest movements
Assets
- Receivables within one year +€507,331
up €507,331 (+43.7%), from €1.2m to €1.7m
of which Trade receivables: +€605,043
- Tangible fixed assets -€226,207
down €226,207 (-5.7%), from €4.0m to €3.8m
of which Land and buildings: -€215,610
- Stocks and contracts +€211,804
up €211,804 (+12.2%), from €1.7m to €1.9m
Equity and liabilities
- Trade debts +€631,435
up €631,435 (+80.4%), from €784,939 to €1.4m
- Debts after one year -€276,152
down €276,152 (-11.0%), from €2.5m to €2.2m
- Profit (loss) carried forward +€238,658
up €238,658 (+49.2%), from -€484,970 to -€246,312
- Reserves -€77,220
down €77,220 (-3.0%), from €2.6m to €2.5m
of which Tax-exempt reserves: -€77,220
Income statement
- Gross operating margin +€140,441
up €140,441 (+22.1%), from €636,237 to €776,678
- Other operating charges -€51,766
down €51,766 (-56.8%), from €91,131 to €39,365
- Write-downs +€21,795
new in 2025: €21,795
- Staff costs +€15,742
up €15,742 (+7.0%), from €223,819 to €239,561
- Financial charges +€9,146
up €9,146 (+11.2%), from €81,563 to €90,710
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
€22,152
Gross operating margin
+€140,441
Staff costs
-€15,742
Depreciation
-€7,597
Write-downs
-€21,795
Other operating charges
+€51,766
Other operating items
-€174
Financial income
+€1,552
Financial charges
-€9,146
Taxes
-€18
Result 2025
€161,438
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
+€328,063
Investment
-€55,510
Financing
-€277,183
Cash 2024
€60,216
From operations (derived)
+€328,063
Net result for the year
+€161,438
Depreciation
+€281,717
Stocks and contracts
-€211,804
Receivables within one year
-€507,331
Deferred charges and accrued income
-€2,489
Provisions
-€28,437
Trade debts
+€631,435
Tax, wage and social debts
+€1,605
Smaller working-capital items
-€1,579
Other debts
+€3,507
Investment (derived)
-€55,510
Investment in fixed assets (net)
-€55,510
Financing
-€277,183
Debts after one year
-€276,152
Current portion of long-term debt
+€7,062
Contributions, distributions and other
-€8,092
Cash 2025
€55,586
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,949,331 | €7,440,118 | +€490,787 | +7.1% |
| Fixed assets | 21/28 | €3,991,359 | €3,765,152 | -€226,207 | -5.7% |
| Tangible fixed assets | 22/27 | €3,989,359 | €3,763,152 | -€226,207 | -5.7% |
| Land and buildings | 22 | €3,678,008 | €3,462,398 | -€215,610 | -5.9% |
| Furniture and vehicles | 24 | €11,987 | €5,755 | -€6,232 | -52.0% |
| Leasing and similar rights | 25 | €101,045 | €73,685 | -€27,360 | -27.1% |
| Other tangible fixed assets | 26 | €198,320 | €221,315 | +€22,995 | +11.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €2,957,971 | €3,674,965 | +€716,994 | +24.2% |
| Stocks and contracts in progress | 3 | €1,732,009 | €1,943,814 | +€211,804 | +12.2% |
| Stocks | 30/36 | €1,732,009 | €1,943,814 | +€211,804 | +12.2% |
| Amounts receivable within one year | 40/41 | €1,161,164 | €1,668,495 | +€507,331 | +43.7% |
| Trade receivables | 40 | €386,344 | €991,387 | +€605,043 | +156.6% |
| Other amounts receivable | 41 | €774,820 | €677,108 | -€97,712 | -12.6% |
| Cash at bank and in hand | 54/58 | €60,216 | €55,586 | -€4,630 | -7.7% |
| Deferred charges and accrued income | 490/1 | €4,582 | €7,071 | +€2,489 | +54.3% |
| Total equity and liabilities | 10/49 | €6,949,331 | €7,440,118 | +€490,787 | +7.1% |
| Equity | 10/15 | €2,390,829 | €2,544,175 | +€153,346 | +6.4% |
| Contributions | 10/11 | €169,000 | €169,000 | = | 0.0% |
| Capital | 10 | €169,000 | €169,000 | = | 0.0% |
| Issued capital | 100 | €169,000 | €169,000 | = | 0.0% |
| Reserves | 13 | €2,583,634 | €2,506,414 | -€77,220 | -3.0% |
| Non-distributable reserves | 130/1 | €16,900 | €16,900 | = | 0.0% |
| Legal reserve | 130 | €16,900 | €16,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,638,641 | €1,561,421 | -€77,220 | -4.7% |
| Distributable reserves | 133 | €928,093 | €928,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€484,970 | -€246,312 | +€238,658 | +49.2% |
| Investment grants | 15 | €123,166 | €115,074 | -€8,092 | -6.6% |
| Provisions and deferred taxes | 16 | €596,961 | €568,524 | -€28,437 | -4.8% |
| Deferred taxes | 168 | €596,961 | €568,524 | -€28,437 | -4.8% |
| Amounts payable | 17/49 | €3,961,540 | €4,327,419 | +€365,879 | +9.2% |
| Amounts payable after more than one year | 17 | €2,510,640 | €2,234,488 | -€276,152 | -11.0% |
| Financial debts | 170/4 | €2,510,640 | €2,234,488 | -€276,152 | -11.0% |
| Amounts payable within one year | 42/48 | €1,446,024 | €2,088,324 | +€642,300 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €269,091 | €276,152 | +€7,062 | +2.6% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €784,939 | €1,416,374 | +€631,435 | +80.4% |
| Suppliers | 440/4 | €784,939 | €1,416,374 | +€631,435 | +80.4% |
| Advances received on contracts in progress | 46 | €1,310 | - | -€1,310 | |
| Taxes, remuneration and social security | 45 | €20,494 | €22,100 | +€1,605 | +7.8% |
| Taxes | 450/3 | €360 | €379 | +€18 | +5.1% |
| Remuneration and social security | 454/9 | €20,134 | €21,721 | +€1,587 | +7.9% |
| Other amounts payable | 47/48 | €70,190 | €73,698 | +€3,507 | +5.0% |
| Accrued charges and deferred income | 492/3 | €4,876 | €4,607 | -€269 | -5.5% |
| Remuneration, social security and pensions | 62 | €223,819 | €239,561 | +€15,742 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,120 | €281,717 | +€7,597 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,795 | +€21,795 | |
| Other operating charges | 640/8 | €91,131 | €39,365 | -€51,766 | -56.8% |
| Non-recurring operating charges | 66A | - | €174 | +€174 | |
| Gross operating margin | 9900 | €636,237 | €776,678 | +€140,441 | +22.1% |
| Operating profit (loss) | 9901 | €47,168 | €194,067 | +€146,899 | +311.4% |
| Financial income | 75/76B | €28,471 | €30,023 | +€1,552 | +5.5% |
| Recurring financial income | 75 | €28,471 | €30,023 | +€1,552 | +5.5% |
| Financial charges | 65/66B | €81,563 | €90,710 | +€9,146 | +11.2% |
| Recurring financial charges | 65 | €81,563 | €90,710 | +€9,146 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,925 | €133,380 | +€139,305 | |
| Transfer from deferred taxes | 780 | €28,437 | €28,437 | = | 0.0% |
| Income taxes | 67/77 | €360 | €379 | +€18 | +5.1% |
| Profit (loss) for the period | 9904 | €22,152 | €161,438 | +€139,286 | +628.8% |
| Transfer from tax-exempt reserves | 789 | €77,220 | €77,220 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,372 | €238,658 | +€139,286 | +140.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.