LMKG: 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.
LMKG
Largest movements
- Receivables within one year +€22,866
up €22,866 (+190.0%), from €12,035 to €34,901
of which Other amounts receivable: +€21,283
- Tangible fixed assets -€12,924
down €12,924 (-3.7%), from €346,139 to €333,215
of which Land and buildings: -€13,237
- Deferred charges and accrued income +€11,715
up €11,715 (+9782.3%), from €120 to €11,835
- Cash +€9,656
up €9,656 (+15.2%), from €63,336 to €72,992
mainly Current portion of long-term debt (+€27,986) and Depreciation (+€22,244)
- Current portion of long-term debt +€27,986
up €27,986 (+478.6%), from €5,847 to €33,833
- Trade debts +€19,816
up €19,816 (+1651.1%), from €1,200 to €21,016
- Tax, wage and social debts -€14,684
down €14,684 (-43.1%), from €34,077 to €19,393
of which Taxes: -€21,148
- Profit (loss) carried forward +€5,943
up €5,943 (+5.7%), from €104,121 to €110,064
- Debts after one year -€5,121
down €5,121 (-1.9%), from €275,162 to €270,041
- Staff costs +€30,750
up €30,750 (+35.3%), from €87,057 to €117,807
- Financial charges +€17,285
up €17,285 (+112.8%), from €15,327 to €32,612
- Other operating charges +€10,516
up €10,516 (+1123.4%), from €936 to €11,452
- Depreciation +€5,165
up €5,165 (+30.2%), from €17,079 to €22,244
- Gross operating margin +€2,097
up €2,097 (+1.1%), from €195,818 to €197,916
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 | €422,407 | €456,892 | +€34,485 | +8.2% |
| Fixed assets | 21/28 | €346,816 | €333,892 | -€12,924 | -3.7% |
| Tangible fixed assets | 22/27 | €346,139 | €333,215 | -€12,924 | -3.7% |
| Land and buildings | 22 | €322,820 | €309,583 | -€13,237 | -4.1% |
| Plant, machinery and equipment | 23 | €16,913 | €9,661 | -€7,252 | -42.9% |
| Furniture and vehicles | 24 | €6,405 | €12,964 | +€6,559 | +102.4% |
| Other tangible fixed assets | 26 | - | €1,006 | +€1,006 | |
| Financial fixed assets | 28 | €677 | €677 | = | 0.0% |
| Current assets | 29/58 | €75,591 | €123,000 | +€47,409 | +62.7% |
| Stocks and contracts in progress | 3 | €100 | €3,271 | +€3,171 | +3171.3% |
| Stocks | 30/36 | €100 | €3,271 | +€3,171 | +3171.3% |
| Amounts receivable within one year | 40/41 | €12,035 | €34,901 | +€22,866 | +190.0% |
| Trade receivables | 40 | - | €1,583 | +€1,583 | |
| Other amounts receivable | 41 | €12,035 | €33,318 | +€21,283 | +176.8% |
| Cash at bank and in hand | 54/58 | €63,336 | €72,992 | +€9,656 | +15.2% |
| Deferred charges and accrued income | 490/1 | €120 | €11,835 | +€11,715 | +9782.3% |
| Total equity and liabilities | 10/49 | €422,407 | €456,892 | +€34,485 | +8.2% |
| Equity | 10/15 | €106,121 | €112,064 | +€5,943 | +5.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,121 | €110,064 | +€5,943 | +5.7% |
| Amounts payable | 17/49 | €316,286 | €344,828 | +€28,542 | +9.0% |
| Amounts payable after more than one year | 17 | €275,162 | €270,041 | -€5,121 | -1.9% |
| Financial debts | 170/4 | €275,162 | €270,041 | -€5,121 | -1.9% |
| Amounts payable within one year | 42/48 | €41,125 | €74,242 | +€33,117 | +80.5% |
| Current portion of amounts payable after more than one year | 42 | €5,847 | €33,833 | +€27,986 | +478.6% |
| Trade debts | 44 | €1,200 | €21,016 | +€19,816 | +1651.1% |
| Suppliers | 440/4 | €1,200 | €21,016 | +€19,816 | +1651.1% |
| Taxes, remuneration and social security | 45 | €34,077 | €19,393 | -€14,684 | -43.1% |
| Taxes | 450/3 | €27,132 | €5,984 | -€21,148 | -77.9% |
| Remuneration and social security | 454/9 | €6,945 | €13,409 | +€6,464 | +93.1% |
| Accrued charges and deferred income | 492/3 | - | €545 | +€545 | |
| Non-recurring operating income | 76A | €9,458 | - | -€9,458 | |
| Remuneration, social security and pensions | 62 | €87,057 | €117,807 | +€30,750 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,079 | €22,244 | +€5,165 | +30.2% |
| Other operating charges | 640/8 | €936 | €11,452 | +€10,516 | +1123.4% |
| Gross operating margin | 9900 | €195,818 | €197,916 | +€2,097 | +1.1% |
| Operating profit (loss) | 9901 | €90,747 | €46,413 | -€44,334 | -48.9% |
| Financial income | 75/76B | €13 | €836 | +€823 | +6454.1% |
| Recurring financial income | 75 | €13 | €836 | +€823 | +6454.1% |
| Financial charges | 65/66B | €15,327 | €32,612 | +€17,285 | +112.8% |
| Recurring financial charges | 65 | €15,327 | €32,612 | +€17,285 | +112.8% |
| Profit (loss) for the period before taxes | 9903 | €75,432 | €14,637 | -€60,796 | -80.6% |
| Income taxes | 67/77 | €13,473 | €13,813 | +€340 | +2.5% |
| Profit (loss) for the period | 9904 | €61,959 | €823 | -€61,136 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,959 | €823 | -€61,136 | -98.7% |
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 12 October 2026 via checked.be.