LMKB MD: 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.
LMKB MD
Largest movements
- Cash -€124,186
down €124,186 (-53.8%), from €230,954 to €106,768
mainly Contributions, distributions and other (-€865,295) and Current investments (-€94,640)
- Current investments +€94,640
up €94,640 (+66.2%), from €143,068 to €237,708
- Reserves -€497,326
no longer reported in 2025 (was €497,326)
- Other debts +€455,226
up €455,226 (+14152.2%), from €3,217 to €458,442
- Tax, wage and social debts +€30,226
new in 2025: €30,226
- Debts after one year -€19,740
down €19,740 (-5.8%), from €342,803 to €323,064
- Gross operating margin +€66,046
up €66,046 (+14.9%), from €441,950 to €507,996
- Depreciation -€36,407
down €36,407 (-78.4%), from €46,442 to €10,035
- Taxes +€30,712
up €30,712 (+30.6%), from €100,387 to €131,098
- Financial charges +€18,022
up €18,022 (+450.5%), from €4,001 to €22,023
- Financial income +€17,334
up €17,334 (+170.2%), from €10,185 to €27,519
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 | €868,294 | €836,472 | -€31,822 | -3.7% |
| Fixed assets | 21/28 | €365,393 | €367,338 | +€1,945 | +0.5% |
| Intangible fixed assets | 21 | €1,198 | €948 | -€250 | -20.9% |
| Tangible fixed assets | 22/27 | €364,195 | €366,390 | +€2,195 | +0.6% |
| Land and buildings | 22 | €363,288 | €355,914 | -€7,374 | -2.0% |
| Plant, machinery and equipment | 23 | €907 | €227 | -€680 | -74.9% |
| Furniture and vehicles | 24 | - | €10,249 | +€10,249 | |
| Current assets | 29/58 | €502,901 | €469,134 | -€33,767 | -6.7% |
| Amounts receivable within one year | 40/41 | €126,636 | €122,319 | -€4,317 | -3.4% |
| Trade receivables | 40 | €113,175 | €121,066 | +€7,891 | +7.0% |
| Other amounts receivable | 41 | €13,461 | €1,253 | -€12,208 | -90.7% |
| Current investments | 50/53 | €143,068 | €237,708 | +€94,640 | +66.2% |
| Cash at bank and in hand | 54/58 | €230,954 | €106,768 | -€124,186 | -53.8% |
| Deferred charges and accrued income | 490/1 | €2,243 | €2,339 | +€96 | +4.3% |
| Total equity and liabilities | 10/49 | €868,294 | €836,472 | -€31,822 | -3.7% |
| Equity | 10/15 | €502,326 | €5,000 | -€497,326 | -99.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €497,326 | - | -€497,326 | |
| Distributable reserves | 133 | €497,326 | - | -€497,326 | |
| Amounts payable | 17/49 | €365,967 | €831,472 | +€465,505 | +127.2% |
| Amounts payable after more than one year | 17 | €342,803 | €323,064 | -€19,740 | -5.8% |
| Financial debts | 170/4 | €342,803 | €323,064 | -€19,740 | -5.8% |
| Amounts payable within one year | 42/48 | €23,164 | €508,408 | +€485,244 | +2094.8% |
| Current portion of amounts payable after more than one year | 42 | €19,079 | €19,740 | +€660 | +3.5% |
| Trade debts | 44 | €868 | - | -€868 | |
| Suppliers | 440/4 | €868 | - | -€868 | |
| Taxes, remuneration and social security | 45 | - | €30,226 | +€30,226 | |
| Taxes | 450/3 | - | €30,226 | +€30,226 | |
| Other amounts payable | 47/48 | €3,217 | €458,442 | +€455,226 | +14152.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,442 | €10,035 | -€36,407 | -78.4% |
| Other operating charges | 640/8 | €4,488 | €4,390 | -€98 | -2.2% |
| Gross operating margin | 9900 | €441,950 | €507,996 | +€66,046 | +14.9% |
| Operating profit (loss) | 9901 | €391,020 | €493,571 | +€102,552 | +26.2% |
| Financial income | 75/76B | €10,185 | €27,519 | +€17,334 | +170.2% |
| Recurring financial income | 75 | €10,185 | €27,519 | +€17,334 | +170.2% |
| Financial charges | 65/66B | €4,001 | €22,023 | +€18,022 | +450.5% |
| Recurring financial charges | 65 | €4,001 | €22,023 | +€18,022 | +450.5% |
| Profit (loss) for the period before taxes | 9903 | €397,204 | €499,068 | +€101,863 | +25.6% |
| Income taxes | 67/77 | €100,387 | €131,098 | +€30,712 | +30.6% |
| Profit (loss) for the period | 9904 | €296,817 | €367,969 | +€71,152 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €296,817 | €367,969 | +€71,152 | +24.0% |
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 11 October 2026 via checked.be.