LMT: 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.
LMT
Largest movements
- Current investments +€140,311
up €140,311 (+51.5%), from €272,369 to €412,680
- Cash -€129,440
down €129,440 (-68.0%), from €190,312 to €60,873
mainly Contributions, distributions and other (-€432,012) and Current investments (-€140,311)
- Receivables within one year +€34,156
up €34,156 (+56.9%), from €60,026 to €94,182
of which Other amounts receivable: +€32,656
- Tangible fixed assets +€30,055
up €30,055, from €0 to €30,055
- Other debts +€200,846
up €200,846 (+22311.8%), from €900 to €201,746
- Reserves -€195,768
down €195,768 (-40.1%), from €488,298 to €292,530
- Tax, wage and social debts +€35,840
up €35,840 (+188.6%), from €19,000 to €54,840
- Short-term financial debts +€30,287
new in 2025: €30,287
- Financial income +€43,290
up €43,290 (+1496.1%), from €2,894 to €46,183
of which Financial income: +€23,964
- Depreciation +€6,120
up €6,120, from €0 to €6,120
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 | €523,935 | €599,038 | +€75,103 | +14.3% |
| Fixed assets | 21/28 | €0 | €30,055 | +€30,055 | |
| Tangible fixed assets | 22/27 | €0 | €30,055 | +€30,055 | |
| Furniture and vehicles | 24 | €0 | €30,055 | +€30,055 | |
| Current assets | 29/58 | €523,935 | €568,983 | +€45,048 | +8.6% |
| Amounts receivable within one year | 40/41 | €60,026 | €94,182 | +€34,156 | +56.9% |
| Trade receivables | 40 | €51,000 | €52,500 | +€1,500 | +2.9% |
| Other amounts receivable | 41 | €9,026 | €41,682 | +€32,656 | +361.8% |
| Current investments | 50/53 | €272,369 | €412,680 | +€140,311 | +51.5% |
| Cash at bank and in hand | 54/58 | €190,312 | €60,873 | -€129,440 | -68.0% |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,248 | +€20 | +1.7% |
| Total equity and liabilities | 10/49 | €523,935 | €599,038 | +€75,103 | +14.3% |
| Equity | 10/15 | €503,298 | €307,530 | -€195,768 | -38.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €488,298 | €292,530 | -€195,768 | -40.1% |
| Distributable reserves | 133 | €488,298 | €292,530 | -€195,768 | -40.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,637 | €291,508 | +€270,871 | +1312.6% |
| Amounts payable within one year | 42/48 | €20,637 | €291,508 | +€270,871 | +1312.6% |
| Financial debts | 43 | - | €30,287 | +€30,287 | |
| Credit institutions | 430/8 | - | €30,287 | +€30,287 | |
| Trade debts | 44 | €736 | €4,634 | +€3,898 | +529.4% |
| Suppliers | 440/4 | €736 | €4,634 | +€3,898 | +529.4% |
| Taxes, remuneration and social security | 45 | €19,000 | €54,840 | +€35,840 | +188.6% |
| Taxes | 450/3 | €19,000 | €54,840 | +€35,840 | +188.6% |
| Other amounts payable | 47/48 | €900 | €201,746 | +€200,846 | +22311.8% |
| Non-recurring operating income | 76A | €6,863 | €0 | -€6,863 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €6,120 | +€6,120 | |
| Other operating charges | 640/8 | €1,095 | €709 | -€386 | -35.2% |
| Non-recurring operating charges | 66A | €941 | €0 | -€941 | -100.0% |
| Gross operating margin | 9900 | €266,250 | €268,657 | +€2,407 | +0.9% |
| Operating profit (loss) | 9901 | €264,215 | €261,828 | -€2,387 | -0.9% |
| Financial income | 75/76B | €2,894 | €46,183 | +€43,290 | +1496.1% |
| Recurring financial income | 75 | €2,894 | €26,857 | +€23,964 | +828.2% |
| Non-recurring financial income | 76B | - | €19,326 | +€19,326 | |
| Financial charges | 65/66B | €4,497 | €6,251 | +€1,754 | +39.0% |
| Recurring financial charges | 65 | €4,497 | €6,251 | +€1,754 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €262,611 | €301,760 | +€39,149 | +14.9% |
| Income taxes | 67/77 | €66,842 | €65,516 | -€1,326 | -2.0% |
| Profit (loss) for the period | 9904 | €195,768 | €236,243 | +€40,475 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €195,768 | €236,243 | +€40,475 | +20.7% |
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.