LMT: 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.
LMT
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+51.5%), from €3.0m to €4.5m
of which Land and buildings: +€1.5m
- Intangible fixed assets +€964,187
new in 2025: €964,187
- Cash +€79,137
up €79,137 (+89.1%), from €88,773 to €167,910
mainly Debts after one year (+€2.4m) and Depreciation (+€233,956)
- Debts after one year +€2.4m
up €2.4m (+87.3%), from €2.7m to €5.1m
- Current portion of long-term debt +€105,379
up €105,379 (+94.0%), from €112,117 to €217,496
- Reserves +€91,100
up €91,100 (+45.2%), from €201,542 to €292,642
- Gross operating margin +€202,073
up €202,073 (+109.1%), from €185,135 to €387,208
- Depreciation +€163,164
up €163,164 (+230.5%), from €70,792 to €233,956
- Financial charges +€24,837
up €24,837 (+94.7%), from €26,232 to €51,068
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 | €3,080,363 | €5,680,207 | +€2.6m | +84.4% |
| Fixed assets | 21/28 | €2,981,661 | €5,481,022 | +€2.5m | +83.8% |
| Intangible fixed assets | 21 | - | €964,187 | +€964,187 | |
| Tangible fixed assets | 22/27 | €2,981,661 | €4,516,835 | +€1.5m | +51.5% |
| Land and buildings | 22 | €2,979,780 | €4,515,423 | +€1.5m | +51.5% |
| Other tangible fixed assets | 26 | €1,882 | €1,411 | -€470 | -25.0% |
| Current assets | 29/58 | €98,701 | €199,185 | +€100,483 | +101.8% |
| Amounts receivable within one year | 40/41 | €5,500 | €26,675 | +€21,175 | +385.0% |
| Trade receivables | 40 | - | €21,175 | +€21,175 | |
| Other amounts receivable | 41 | €5,500 | €5,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,773 | €167,910 | +€79,137 | +89.1% |
| Deferred charges and accrued income | 490/1 | €4,428 | €4,600 | +€171 | +3.9% |
| Total equity and liabilities | 10/49 | €3,080,363 | €5,680,207 | +€2.6m | +84.4% |
| Equity | 10/15 | €208,325 | €299,452 | +€91,127 | +43.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €201,542 | €292,642 | +€91,100 | +45.2% |
| Distributable reserves | 133 | €201,542 | €292,642 | +€91,100 | +45.2% |
| Profit (loss) carried forward | 14 | -€13,217 | -€13,190 | +€27 | +0.2% |
| Amounts payable | 17/49 | €2,872,038 | €5,380,754 | +€2.5m | +87.3% |
| Amounts payable after more than one year | 17 | €2,716,253 | €5,088,591 | +€2.4m | +87.3% |
| Financial debts | 170/4 | €2,716,253 | €5,088,591 | +€2.4m | +87.3% |
| Amounts payable within one year | 42/48 | €152,813 | €291,432 | +€138,619 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €112,117 | €217,496 | +€105,379 | +94.0% |
| Trade debts | 44 | €18,486 | €35,564 | +€17,078 | +92.4% |
| Suppliers | 440/4 | €18,486 | €35,564 | +€17,078 | +92.4% |
| Taxes, remuneration and social security | 45 | €22,209 | €38,372 | +€16,163 | +72.8% |
| Taxes | 450/3 | €22,209 | €38,372 | +€16,163 | +72.8% |
| Accrued charges and deferred income | 492/3 | €2,972 | €731 | -€2,240 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,792 | €233,956 | +€163,164 | +230.5% |
| Other operating charges | 640/8 | €4,474 | €4,661 | +€187 | +4.2% |
| Gross operating margin | 9900 | €185,135 | €387,208 | +€202,073 | +109.1% |
| Operating profit (loss) | 9901 | €109,869 | €148,590 | +€38,722 | +35.2% |
| Financial income | 75/76B | €1,360 | €2,715 | +€1,354 | +99.6% |
| Recurring financial income | 75 | €1,360 | €2,715 | +€1,354 | +99.6% |
| Financial charges | 65/66B | €26,232 | €51,068 | +€24,837 | +94.7% |
| Recurring financial charges | 65 | €26,232 | €51,068 | +€24,837 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €84,997 | €100,237 | +€15,240 | +17.9% |
| Income taxes | 67/77 | €7,727 | €9,110 | +€1,383 | +17.9% |
| Profit (loss) for the period | 9904 | €77,270 | €91,127 | +€13,857 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,270 | €91,127 | +€13,857 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.