LMK Finances: 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 Finances
Largest movements
- Tangible fixed assets +€697,185
up €697,185 (+536.3%), from €130,010 to €827,195
of which Land and buildings: +€694,435
- Intangible fixed assets -€95,647
down €95,647 (-14.5%), from €657,634 to €561,988
- Cash +€64,458
up €64,458 (+118.7%), from €54,326 to €118,785
mainly Debts after one year (+€442,122) and Net result for the year (+€228,868)
- Deferred charges and accrued income +€30,703
up €30,703 (+34.4%), from €89,298 to €120,001
- Receivables within one year +€24,075
up €24,075 (+437.7%), from €5,500 to €29,575
of which Trade receivables: +€25,575
- Debts after one year +€442,122
up €442,122 (+74.2%), from €595,782 to €1.0m
- Profit (loss) carried forward +€228,868
up €228,868 (+319.2%), from €71,704 to €300,572
- Current portion of long-term debt +€35,599
up €35,599 (+37.1%), from €95,869 to €131,468
- Short-term financial debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Trade debts +€19,194
up €19,194 (+90.0%), from €21,324 to €40,518
- Gross operating margin +€678,807
up €678,807 (+412.6%), from €164,524 to €843,331
- Staff costs +€185,331
up €185,331 (+350.6%), from €52,857 to €238,188
- Depreciation +€126,718
up €126,718 (+904.6%), from €14,008 to €140,726
- Other operating charges +€101,024
up €101,024 (+10543.5%), from €958 to €101,982
- Taxes +€64,221
up €64,221 (+329.3%), from €19,500 to €83,721
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 | €936,768 | €1,658,623 | +€721,855 | +77.1% |
| Fixed assets | 21/28 | €787,644 | €1,390,263 | +€602,619 | +76.5% |
| Intangible fixed assets | 21 | €657,634 | €561,988 | -€95,647 | -14.5% |
| Tangible fixed assets | 22/27 | €130,010 | €827,195 | +€697,185 | +536.3% |
| Land and buildings | 22 | €16,365 | €710,800 | +€694,435 | +4243.5% |
| Furniture and vehicles | 24 | €7,836 | €32,184 | +€24,348 | +310.7% |
| Leasing and similar rights | 25 | €105,809 | €84,211 | -€21,598 | -20.4% |
| Financial fixed assets | 28 | - | €1,080 | +€1,080 | |
| Current assets | 29/58 | €149,124 | €268,361 | +€119,236 | +80.0% |
| Amounts receivable within one year | 40/41 | €5,500 | €29,575 | +€24,075 | +437.7% |
| Trade receivables | 40 | - | €25,575 | +€25,575 | |
| Other amounts receivable | 41 | €5,500 | €4,000 | -€1,500 | -27.3% |
| Cash at bank and in hand | 54/58 | €54,326 | €118,785 | +€64,458 | +118.7% |
| Deferred charges and accrued income | 490/1 | €89,298 | €120,001 | +€30,703 | +34.4% |
| Total equity and liabilities | 10/49 | €936,768 | €1,658,623 | +€721,855 | +77.1% |
| Equity | 10/15 | €81,704 | €310,572 | +€228,868 | +280.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,704 | €300,572 | +€228,868 | +319.2% |
| Amounts payable | 17/49 | €855,064 | €1,348,052 | +€492,987 | +57.7% |
| Amounts payable after more than one year | 17 | €595,782 | €1,037,904 | +€442,122 | +74.2% |
| Financial debts | 170/4 | €595,782 | €1,037,904 | +€442,122 | +74.2% |
| Amounts payable within one year | 42/48 | €255,190 | €300,268 | +€45,078 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €95,869 | €131,468 | +€35,599 | +37.1% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100.0% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade debts | 44 | €21,324 | €40,518 | +€19,194 | +90.0% |
| Suppliers | 440/4 | €21,324 | €40,518 | +€19,194 | +90.0% |
| Taxes, remuneration and social security | 45 | €8,614 | €18,663 | +€10,049 | +116.7% |
| Taxes | 450/3 | €1,577 | €4,808 | +€3,231 | +205.0% |
| Remuneration and social security | 454/9 | €7,038 | €13,855 | +€6,817 | +96.9% |
| Other amounts payable | 47/48 | €104,382 | €109,619 | +€5,236 | +5.0% |
| Accrued charges and deferred income | 492/3 | €4,093 | €9,880 | +€5,787 | +141.4% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €52,857 | €238,188 | +€185,331 | +350.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,008 | €140,726 | +€126,718 | +904.6% |
| Other operating charges | 640/8 | €958 | €101,982 | +€101,024 | +10543.5% |
| Gross operating margin | 9900 | €164,524 | €843,331 | +€678,807 | +412.6% |
| Operating profit (loss) | 9901 | €96,701 | €362,435 | +€265,735 | +274.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.3% |
| Financial charges | 65/66B | €5,499 | €49,846 | +€44,347 | +806.5% |
| Recurring financial charges | 65 | €5,499 | €49,846 | +€44,347 | +806.5% |
| Profit (loss) for the period before taxes | 9903 | €91,204 | €312,590 | +€221,386 | +242.7% |
| Income taxes | 67/77 | €19,500 | €83,721 | +€64,221 | +329.3% |
| Profit (loss) for the period | 9904 | €71,704 | €228,868 | +€157,164 | +219.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,704 | €228,868 | +€157,164 | +219.2% |
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.