LMMH: 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.
LMMH
Largest movements
- Tangible fixed assets -€568,537
down €568,537 (-41.6%), from €1.4m to €798,372
- Receivables within one year +€265,181
up €265,181 (+51.3%), from €516,605 to €781,786
of which Other amounts receivable: +€274,624
- Reserves +€536,143
up €536,143 (+548.7%), from €97,708 to €633,851
of which Distributable reserves: +€536,143
- Contributions -€369,029
down €369,029 (-42.5%), from €867,298 to €498,269
- Trade debts -€325,883
down €325,883 (-39.5%), from €825,510 to €499,627
- Provisions -€123,010
down €123,010 (-56.7%), from €216,856 to €93,846
- Other debts -€36,501
down €36,501 (-99.0%), from €36,865 to €364
- Gross operating margin +€748,616
up €748,616, from -€10,472 to €738,144
- Taxes +€151,027
new in 2025: €151,027
- Financial income +€13,016
up €13,016 (+684.6%), from €1,901 to €14,918
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,028,341 | €1,711,442 | -€316,899 | -15.6% |
| Fixed assets | 21/28 | €1,366,909 | €798,372 | -€568,537 | -41.6% |
| Tangible fixed assets | 22/27 | €1,366,909 | €798,372 | -€568,537 | -41.6% |
| Land and buildings | 22 | €1,366,909 | €798,372 | -€568,537 | -41.6% |
| Current assets | 29/58 | €661,432 | €913,070 | +€251,638 | +38.0% |
| Amounts receivable after more than one year | 29 | €130,899 | €123,633 | -€7,266 | -5.6% |
| Trade receivables | 290 | €130,899 | €123,633 | -€7,266 | -5.6% |
| Amounts receivable within one year | 40/41 | €516,605 | €781,786 | +€265,181 | +51.3% |
| Trade receivables | 40 | €11,453 | €2,010 | -€9,443 | -82.4% |
| Other amounts receivable | 41 | €505,152 | €779,776 | +€274,624 | +54.4% |
| Cash at bank and in hand | 54/58 | €12,066 | €7,352 | -€4,714 | -39.1% |
| Deferred charges and accrued income | 490/1 | €1,863 | €300 | -€1,563 | -83.9% |
| Total equity and liabilities | 10/49 | €2,028,341 | €1,711,442 | -€316,899 | -15.6% |
| Equity | 10/15 | €949,111 | €1,116,224 | +€167,114 | +17.6% |
| Contributions | 10/11 | €867,298 | €498,269 | -€369,029 | -42.5% |
| Reserves | 13 | €97,708 | €633,851 | +€536,143 | +548.7% |
| Non-distributable reserves | 130/1 | €3,384 | €3,384 | = | 0.0% |
| Other | 1319 | €3,384 | €3,384 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,693 | €6,693 | = | 0.0% |
| Distributable reserves | 133 | €87,631 | €623,774 | +€536,143 | +611.8% |
| Profit (loss) carried forward | 14 | -€15,895 | -€15,895 | = | 0.0% |
| Provisions and deferred taxes | 16 | €216,856 | €93,846 | -€123,010 | -56.7% |
| Deferred taxes | 168 | €216,856 | €93,846 | -€123,010 | -56.7% |
| Amounts payable | 17/49 | €862,375 | €501,371 | -€361,003 | -41.9% |
| Amounts payable within one year | 42/48 | €862,375 | €501,371 | -€361,003 | -41.9% |
| Trade debts | 44 | €825,510 | €499,627 | -€325,883 | -39.5% |
| Suppliers | 440/4 | €825,510 | €499,627 | -€325,883 | -39.5% |
| Taxes, remuneration and social security | 45 | - | €1,380 | +€1,380 | |
| Taxes | 450/3 | - | €1,380 | +€1,380 | |
| Other amounts payable | 47/48 | €36,865 | €364 | -€36,501 | -99.0% |
| Non-recurring operating income | 76A | - | €468,668 | +€468,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,988 | €14,691 | -€5,297 | -26.5% |
| Other operating charges | 640/8 | €6,354 | €4,019 | -€2,334 | -36.7% |
| Gross operating margin | 9900 | -€10,472 | €738,144 | +€748,616 | |
| Operating profit (loss) | 9901 | -€36,813 | €719,434 | +€756,247 | |
| Financial income | 75/76B | €1,901 | €14,918 | +€13,016 | +684.6% |
| Recurring financial income | 75 | €1,901 | €14,918 | +€13,016 | +684.6% |
| Financial charges | 65/66B | €4,334 | €2,250 | -€2,084 | -48.1% |
| Recurring financial charges | 65 | €4,334 | €2,250 | -€2,084 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,246 | €732,102 | +€771,347 | |
| Income taxes | 67/77 | - | €151,027 | +€151,027 | |
| Profit (loss) for the period | 9904 | -€39,246 | €581,074 | +€620,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,246 | €581,074 | +€620,320 |
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.