LMO: what changed
Two fiscal 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.
LMO
Largest movements
- Current investments +€59,147
up €59,147 (+88.4%), from €66,940 to €126,087
- Profit (loss) carried forward +€115,062
up €115,062 (+54.0%), from €213,250 to €328,311
- Other debts -€35,859
down €35,859 (-43.9%), from €81,601 to €45,743
- Debts after one year -€29,103
down €29,103 (-8.4%), from €348,326 to €319,223
- Gross operating margin -€48,349
down €48,349 (-14.9%), from €324,688 to €276,339
- Taxes -€20,481
down €20,481 (-29.5%), from €69,394 to €48,913
- Depreciation +€15,370
up €15,370 (+33.7%), from €45,671 to €61,041
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 | €777,879 | €837,196 | +€59,317 | +7.6% |
| Fixed assets | 21/28 | €534,588 | €539,179 | +€4,591 | +0.9% |
| Tangible fixed assets | 22/27 | €534,588 | €539,179 | +€4,591 | +0.9% |
| Land and buildings | 22 | €353,141 | €328,743 | -€24,398 | -6.9% |
| Furniture and vehicles | 24 | €61,790 | €49,390 | -€12,400 | -20.1% |
| Other tangible fixed assets | 26 | €119,657 | €161,046 | +€41,389 | +34.6% |
| Current assets | 29/58 | €243,291 | €298,018 | +€54,726 | +22.5% |
| Amounts receivable within one year | 40/41 | €882 | €1,464 | +€582 | +66.0% |
| Other amounts receivable | 41 | €882 | €1,464 | +€582 | +66.0% |
| Current investments | 50/53 | €66,940 | €126,087 | +€59,147 | +88.4% |
| Cash at bank and in hand | 54/58 | €175,470 | €170,467 | -€5,003 | -2.9% |
| Total equity and liabilities | 10/49 | €777,879 | €837,196 | +€59,317 | +7.6% |
| Equity | 10/15 | €216,250 | €331,311 | +€115,062 | +53.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €213,250 | €328,311 | +€115,062 | +54.0% |
| Amounts payable | 17/49 | €561,630 | €505,885 | -€55,745 | -9.9% |
| Amounts payable after more than one year | 17 | €348,326 | €319,223 | -€29,103 | -8.4% |
| Financial debts | 170/4 | €348,326 | €319,223 | -€29,103 | -8.4% |
| Amounts payable within one year | 42/48 | €213,304 | €186,662 | -€26,642 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €28,230 | €29,103 | +€873 | +3.1% |
| Trade debts | 44 | €10,377 | €16,662 | +€6,285 | +60.6% |
| Suppliers | 440/4 | €10,377 | €16,662 | +€6,285 | +60.6% |
| Taxes, remuneration and social security | 45 | €93,096 | €95,155 | +€2,059 | +2.2% |
| Taxes | 450/3 | €93,096 | €95,155 | +€2,059 | +2.2% |
| Other amounts payable | 47/48 | €81,601 | €45,743 | -€35,859 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,671 | €61,041 | +€15,370 | +33.7% |
| Other operating charges | 640/8 | €1,050 | €1,889 | +€840 | +80.0% |
| Gross operating margin | 9900 | €324,688 | €276,339 | -€48,349 | -14.9% |
| Operating profit (loss) | 9901 | €277,967 | €213,409 | -€64,559 | -23.2% |
| Financial income | 75/76B | €21 | €103 | +€82 | +383.9% |
| Recurring financial income | 75 | €21 | €103 | +€82 | +383.9% |
| Financial charges | 65/66B | €10,202 | €10,736 | +€534 | +5.2% |
| Recurring financial charges | 65 | €10,202 | €10,736 | +€534 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €267,786 | €202,775 | -€65,011 | -24.3% |
| Income taxes | 67/77 | €69,394 | €48,913 | -€20,481 | -29.5% |
| Profit (loss) for the period | 9904 | €198,392 | €153,862 | -€44,530 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €198,392 | €153,862 | -€44,530 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.