LMK: 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.
LMK
Largest movements
- Receivables within one year +€49,269
up €49,269 (+103%), from €47,665 to €96,935
of which Trade receivables: +€40,680
- Cash +€13,813
up €13,813 (+34.7%), from €39,797 to €53,610
mainly Net result for the year (+€28,742) and Tax, wage and social debts (+€17,257)
- Tangible fixed assets -€10,760
down €10,760 (-22.3%), from €48,200 to €37,441
of which Leasing and similar rights: -€11,862
- Profit (loss) carried forward +€28,742
up €28,742 (+68.8%), from €41,799 to €70,541
- Tax, wage and social debts +€17,257
up €17,257 (+85.2%), from €20,250 to €37,508
of which Remuneration and social security: +€9,903
- Trade debts +€13,583
new in 2025: €13,583
- Debts after one year -€10,590
down €10,590 (-35.3%), from €30,006 to €19,416
- Other debts +€3,330
up €3,330 (+123%), from €2,696 to €6,026
- Turnover +€120,288
up €120,288 (+15.3%), from €786,767 to €907,055
- Purchases and services +€96,138
up €96,138 (+13.9%), from €689,286 to €785,424
- Gross operating margin +€24,150
up €24,150 (+24.8%), from €97,481 to €121,631
- Staff costs +€13,343
up €13,343 (+37.0%), from €36,099 to €49,442
- Taxes +€11,462
up €11,462 (+101%), from €11,304 to €22,765
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 | €165,802 | €218,124 | +€52,322 | +31.6% |
| Fixed assets | 21/28 | €48,303 | €37,544 | -€10,760 | -22.3% |
| Tangible fixed assets | 22/27 | €48,200 | €37,441 | -€10,760 | -22.3% |
| Furniture and vehicles | 24 | €1,906 | €3,008 | +€1,102 | +57.8% |
| Leasing and similar rights | 25 | €46,295 | €34,433 | -€11,862 | -25.6% |
| Financial fixed assets | 28 | €103 | €103 | = | 0.0% |
| Current assets | 29/58 | €117,499 | €180,581 | +€63,082 | +53.7% |
| Stocks and contracts in progress | 3 | €30,036 | €30,036 | = | 0.0% |
| Stocks | 30/36 | €30,036 | €30,036 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,665 | €96,935 | +€49,269 | +103% |
| Trade receivables | 40 | €35,184 | €75,865 | +€40,680 | +116% |
| Other amounts receivable | 41 | €12,481 | €21,070 | +€8,589 | +68.8% |
| Cash at bank and in hand | 54/58 | €39,797 | €53,610 | +€13,813 | +34.7% |
| Total equity and liabilities | 10/49 | €165,802 | €218,124 | +€52,322 | +31.6% |
| Equity | 10/15 | €102,259 | €131,001 | +€28,742 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 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 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,799 | €70,541 | +€28,742 | +68.8% |
| Amounts payable | 17/49 | €63,543 | €87,123 | +€23,580 | +37.1% |
| Amounts payable after more than one year | 17 | €30,006 | €19,416 | -€10,590 | -35.3% |
| Financial debts | 170/4 | €30,006 | €19,416 | -€10,590 | -35.3% |
| Amounts payable within one year | 42/48 | €33,537 | €67,707 | +€34,170 | +102% |
| Current portion of amounts payable after more than one year | 42 | €10,590 | €10,590 | = | 0.0% |
| Trade debts | 44 | - | €13,583 | +€13,583 | |
| Suppliers | 440/4 | - | €13,583 | +€13,583 | |
| Taxes, remuneration and social security | 45 | €20,250 | €37,508 | +€17,257 | +85.2% |
| Taxes | 450/3 | €12,631 | €19,986 | +€7,355 | +58.2% |
| Remuneration and social security | 454/9 | €7,619 | €17,522 | +€9,903 | +130% |
| Other amounts payable | 47/48 | €2,696 | €6,026 | +€3,330 | +123% |
| Turnover | 70 | €786,767 | €907,055 | +€120,288 | +15.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €689,286 | €785,424 | +€96,138 | +13.9% |
| Remuneration, social security and pensions | 62 | €36,099 | €49,442 | +€13,343 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,396 | €12,779 | +€383 | +3.1% |
| Other operating charges | 640/8 | €9,975 | €4,139 | -€5,835 | -58.5% |
| Gross operating margin | 9900 | €97,481 | €121,631 | +€24,150 | +24.8% |
| Operating profit (loss) | 9901 | €39,011 | €55,271 | +€16,259 | +41.7% |
| Financial income | 75/76B | €2,188 | €74 | -€2,114 | -96.6% |
| Recurring financial income | 75 | €1 | €70 | +€69 | +11,375% |
| Non-recurring financial income | 76B | €2,188 | €4 | -€2,184 | -99.8% |
| Financial charges | 65/66B | €3,611 | €3,837 | +€226 | +6.3% |
| Recurring financial charges | 65 | €1,932 | €1,954 | +€22 | +1.1% |
| Non-recurring financial charges | 66B | €1,679 | €1,883 | +€204 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €37,588 | €51,507 | +€13,919 | +37.0% |
| Income taxes | 67/77 | €11,304 | €22,765 | +€11,462 | +101% |
| Profit (loss) for the period | 9904 | €26,285 | €28,742 | +€2,457 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,285 | €28,742 | +€2,457 | +9.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.