LMK Renov: what changed
What changed
LMK Renov
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€8,125
2024 · €18,371-€10,246
Equity
€25,813
2024 · €33,689-€7,875
Cash
€33,713
2024 · €41,599-€7,885
Balance sheet total
€138,078
2024 · €134,265+€3,814
Largest movements
Assets
- Receivables within one year +€16,320
up €16,320 (+70.4%), from €23,166 to €39,486
of which Trade receivables: +€10,679
- Cash -€7,885
down €7,885 (-19.0%), from €41,599 to €33,713
mainly Investment in fixed assets (net) (-€32,371) and Receivables within one year (-€16,320)
- Tangible fixed assets -€5,754
down €5,754 (-8.7%), from €65,957 to €60,203
of which Furniture and vehicles: -€3,661
Equity and liabilities
- Advances received +€21,273
up €21,273 (+75.3%), from €28,238 to €49,512
- Debts after one year -€12,760
down €12,760 (-39.3%), from €32,430 to €19,670
- Profit (loss) carried forward -€7,875
down €7,875 (-29.0%), from €27,189 to €19,313
- Tax, wage and social debts +€6,467
up €6,467 (+38.1%), from €16,962 to €23,430
of which Taxes: +€3,752
- Trade debts -€2,661
down €2,661 (-36.1%), from €7,372 to €4,711
Income statement
- Gross operating margin -€61,336
down €61,336 (-34.3%), from €178,637 to €117,301
- Staff costs -€46,329
down €46,329 (-42.1%), from €110,116 to €63,788
- Depreciation +€2,483
up €2,483 (+6.9%), from €35,909 to €38,392
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.
Result 2024
€18,371
Gross operating margin
-€61,336
Staff costs
+€46,329
Depreciation
-€2,483
Other operating charges
+€975
Other operating items
+€7,000
Financial income
-€6
Financial charges
+€99
Taxes
-€824
Result 2025
€8,125
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€54,059
Investment
-€32,371
Financing
-€29,574
Cash 2024
€41,599
From operations (derived)
+€54,059
Net result for the year
+€8,125
Depreciation
+€38,392
Stocks and contracts
-€450
Receivables within one year
-€16,320
Deferred charges and accrued income
-€950
Trade debts
-€2,661
Tax, wage and social debts
+€6,467
Advances received
+€21,273
Accrued charges and deferred income
+€183
Investment (derived)
-€32,371
Investment in fixed assets (net)
-€32,371
Financing
-€29,574
Debts after one year
-€12,760
Current portion of long-term debt
-€814
Contributions, distributions and other
-€16,000
Cash 2025
€33,713
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,265 | €138,078 | +€3,814 | +2.8% |
| Formation expenses | 20 | €378 | €110 | -€267 | -70.8% |
| Fixed assets | 21/28 | €66,957 | €61,203 | -€5,754 | -8.6% |
| Tangible fixed assets | 22/27 | €65,957 | €60,203 | -€5,754 | -8.7% |
| Plant, machinery and equipment | 23 | €23,840 | €21,747 | -€2,093 | -8.8% |
| Furniture and vehicles | 24 | €42,117 | €38,456 | -€3,661 | -8.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €66,930 | €76,765 | +€9,835 | +14.7% |
| Stocks and contracts in progress | 3 | €968 | €1,418 | +€450 | +46.5% |
| Stocks | 30/36 | €968 | €1,418 | +€450 | +46.5% |
| Amounts receivable within one year | 40/41 | €23,166 | €39,486 | +€16,320 | +70.4% |
| Trade receivables | 40 | €5,803 | €16,482 | +€10,679 | +184% |
| Other amounts receivable | 41 | €17,363 | €23,004 | +€5,641 | +32.5% |
| Cash at bank and in hand | 54/58 | €41,599 | €33,713 | -€7,885 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,198 | €2,148 | +€950 | +79.3% |
| Total equity and liabilities | 10/49 | €134,265 | €138,078 | +€3,814 | +2.8% |
| Equity | 10/15 | €33,689 | €25,813 | -€7,875 | -23.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,189 | €19,313 | -€7,875 | -29.0% |
| Amounts payable | 17/49 | €100,576 | €112,265 | +€11,689 | +11.6% |
| Amounts payable after more than one year | 17 | €32,430 | €19,670 | -€12,760 | -39.3% |
| Financial debts | 170/4 | €32,430 | €19,670 | -€12,760 | -39.3% |
| Amounts payable within one year | 42/48 | €66,145 | €90,412 | +€24,266 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €13,574 | €12,760 | -€814 | -6.0% |
| Trade debts | 44 | €7,372 | €4,711 | -€2,661 | -36.1% |
| Suppliers | 440/4 | €7,372 | €4,711 | -€2,661 | -36.1% |
| Advances received on contracts in progress | 46 | €28,238 | €49,512 | +€21,273 | +75.3% |
| Taxes, remuneration and social security | 45 | €16,962 | €23,430 | +€6,467 | +38.1% |
| Taxes | 450/3 | €6,886 | €10,638 | +€3,752 | +54.5% |
| Remuneration and social security | 454/9 | €10,076 | €12,792 | +€2,716 | +27.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,183 | +€183 | +9.1% |
| Remuneration, social security and pensions | 62 | €110,116 | €63,788 | -€46,329 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,909 | €38,392 | +€2,483 | +6.9% |
| Other operating charges | 640/8 | €2,603 | €1,628 | -€975 | -37.4% |
| Non-recurring operating charges | 66A | €7,000 | - | -€7,000 | |
| Gross operating margin | 9900 | €178,637 | €117,301 | -€61,336 | -34.3% |
| Operating profit (loss) | 9901 | €23,008 | €13,493 | -€9,515 | -41.4% |
| Financial income | 75/76B | €49 | €43 | -€6 | -12.1% |
| Recurring financial income | 75 | €49 | €43 | -€6 | -12.1% |
| Financial charges | 65/66B | €1,922 | €1,822 | -€99 | -5.2% |
| Recurring financial charges | 65 | €1,922 | €1,822 | -€99 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €21,136 | €11,714 | -€9,422 | -44.6% |
| Income taxes | 67/77 | €2,765 | €3,589 | +€824 | +29.8% |
| Profit (loss) for the period | 9904 | €18,371 | €8,125 | -€10,246 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,371 | €8,125 | -€10,246 | -55.8% |
Next steps
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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 3 November 2026 via checked.be.