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
- Cash +€25,700
up €25,700 (+21.6%), from €119,193 to €144,893
mainly Net result for the year (+€17,249) and Receivables within one year (+€5,443)
- Receivables within one year -€5,443
down €5,443 (-31.9%), from €17,059 to €11,616
of which Other amounts receivable: -€4,668
- Tangible fixed assets -€4,913
down €4,913 (-41.4%), from €11,852 to €6,939
of which Furniture and vehicles: -€4,547
- Reserves +€17,249
up €17,249 (+57.6%), from €29,957 to €47,206
of which Distributable reserves: +€16,387
- Gross operating margin -€4,927
down €4,927 (-5.3%), from €93,653 to €88,726
- Staff costs -€3,904
down €3,904 (-6.2%), from €62,725 to €58,821
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 | €148,224 | €163,743 | +€15,518 | +10.5% |
| Fixed assets | 21/28 | €11,852 | €6,939 | -€4,913 | -41.4% |
| Tangible fixed assets | 22/27 | €11,852 | €6,939 | -€4,913 | -41.4% |
| Plant, machinery and equipment | 23 | €365 | - | -€365 | |
| Furniture and vehicles | 24 | €11,487 | €6,939 | -€4,547 | -39.6% |
| Current assets | 29/58 | €136,372 | €156,803 | +€20,431 | +15.0% |
| Amounts receivable within one year | 40/41 | €17,059 | €11,616 | -€5,443 | -31.9% |
| Trade receivables | 40 | €12,391 | €11,616 | -€775 | -6.3% |
| Other amounts receivable | 41 | €4,668 | - | -€4,668 | |
| Cash at bank and in hand | 54/58 | €119,193 | €144,893 | +€25,700 | +21.6% |
| Deferred charges and accrued income | 490/1 | €119 | €294 | +€174 | +146.5% |
| Total equity and liabilities | 10/49 | €148,224 | €163,743 | +€15,518 | +10.5% |
| Equity | 10/15 | €114,957 | €132,206 | +€17,249 | +15.0% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €29,957 | €47,206 | +€17,249 | +57.6% |
| Non-distributable reserves | 130/1 | €1,499 | €2,361 | +€862 | +57.5% |
| Legal reserve | 130 | €1,499 | €2,361 | +€862 | +57.5% |
| Distributable reserves | 133 | €28,458 | €44,845 | +€16,387 | +57.6% |
| Amounts payable | 17/49 | €33,267 | €31,537 | -€1,731 | -5.2% |
| Amounts payable within one year | 42/48 | €33,267 | €31,537 | -€1,731 | -5.2% |
| Trade debts | 44 | €9,542 | €8,474 | -€1,068 | -11.2% |
| Suppliers | 440/4 | €9,542 | €8,474 | -€1,068 | -11.2% |
| Taxes, remuneration and social security | 45 | €23,726 | €23,063 | -€663 | -2.8% |
| Taxes | 450/3 | €17,117 | €14,826 | -€2,291 | -13.4% |
| Remuneration and social security | 454/9 | €6,609 | €8,237 | +€1,628 | +24.6% |
| Non-recurring operating income | 76A | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | €62,725 | €58,821 | -€3,904 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,108 | €4,918 | -€189 | -3.7% |
| Other operating charges | 640/8 | €676 | €692 | +€16 | +2.4% |
| Non-recurring operating charges | 66A | €154 | - | -€154 | |
| Gross operating margin | 9900 | €93,653 | €88,726 | -€4,927 | -5.3% |
| Operating profit (loss) | 9901 | €24,990 | €24,294 | -€696 | -2.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €339 | €332 | -€7 | -2.1% |
| Recurring financial charges | 65 | €339 | €332 | -€7 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €24,651 | €23,963 | -€688 | -2.8% |
| Income taxes | 67/77 | €5,807 | €6,714 | +€906 | +15.6% |
| Profit (loss) for the period | 9904 | €18,844 | €17,249 | -€1,595 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,844 | €17,249 | -€1,595 | -8.5% |
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.