LMV CONSTRUCT: 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.
LMV CONSTRUCT
Largest movements
- Stocks and contracts +€711,555
up €711,555 (+89.0%), from €799,350 to €1.5m
of which Contracts in progress: +€569,951
- Receivables within one year -€97,096
down €97,096 (-5.0%), from €1.9m to €1.8m
of which Trade receivables: -€218,856
- Cash +€73,293
up €73,293 (+127%), from €57,734 to €131,027
mainly Trade debts (+€325,909) and Net result for the year (+€251,415)
- Trade debts +€325,909
up €325,909 (+21.4%), from €1.5m to €1.9m
- Reserves +€251,415
up €251,415 (+28.3%), from €887,922 to €1.1m
of which Distributable reserves: +€264,275
- Other debts +€80,220
up €80,220 (+40.9%), from €196,166 to €276,386
- Gross operating margin +€575,201
up €575,201 (+86.1%), from €668,244 to €1.2m
- Taxes +€118,329
up €118,329 (+1,552%), from €7,623 to €125,952
- Other operating charges +€100,896
up €100,896 (+479%), from €21,075 to €121,971
- Staff costs +€97,401
up €97,401 (+20.3%), from €479,501 to €576,903
- Financial charges +€20,631
up €20,631 (+39.2%), from €52,692 to €73,323
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.
Derived cash bridge
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 | €3,716,905 | €4,466,303 | +€749,397 | +20.2% |
| Fixed assets | 21/28 | €912,140 | €956,160 | +€44,020 | +4.8% |
| Tangible fixed assets | 22/27 | €912,140 | €956,160 | +€44,020 | +4.8% |
| Land and buildings | 22 | €819,297 | €776,083 | -€43,214 | -5.3% |
| Plant, machinery and equipment | 23 | €67,956 | €40,417 | -€27,538 | -40.5% |
| Furniture and vehicles | 24 | €24,888 | €139,659 | +€114,772 | +461% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,804,765 | €3,510,143 | +€705,378 | +25.1% |
| Stocks and contracts in progress | 3 | €799,350 | €1,510,905 | +€711,555 | +89.0% |
| Stocks | 30/36 | €170,631 | €312,235 | +€141,605 | +83.0% |
| Contracts in progress | 37 | €628,719 | €1,198,670 | +€569,951 | +90.7% |
| Amounts receivable within one year | 40/41 | €1,943,027 | €1,845,931 | -€97,096 | -5.0% |
| Trade receivables | 40 | €1,766,548 | €1,547,691 | -€218,856 | -12.4% |
| Other amounts receivable | 41 | €176,479 | €298,240 | +€121,760 | +69.0% |
| Cash at bank and in hand | 54/58 | €57,734 | €131,027 | +€73,293 | +127% |
| Deferred charges and accrued income | 490/1 | €4,654 | €22,280 | +€17,625 | +379% |
| Total equity and liabilities | 10/49 | €3,716,905 | €4,466,303 | +€749,397 | +20.2% |
| Equity | 10/15 | €1,016,522 | €1,267,937 | +€251,415 | +24.7% |
| Contributions | 10/11 | €128,600 | €128,600 | = | 0.0% |
| Reserves | 13 | €887,922 | €1,139,337 | +€251,415 | +28.3% |
| Non-distributable reserves | 130/1 | €12,860 | €0 | -€12,860 | -100% |
| Reserves not available under the articles | 1311 | €12,860 | €0 | -€12,860 | -100% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €837,562 | €1,101,837 | +€264,275 | +31.6% |
| Amounts payable | 17/49 | €2,700,383 | €3,198,366 | +€497,983 | +18.4% |
| Amounts payable after more than one year | 17 | €587,644 | €612,378 | +€24,734 | +4.2% |
| Financial debts | 170/4 | €587,644 | €612,378 | +€24,734 | +4.2% |
| Amounts payable within one year | 42/48 | €2,112,739 | €2,544,110 | +€431,371 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €54,672 | €73,887 | +€19,215 | +35.1% |
| Financial debts | 43 | €200,000 | €216,697 | +€16,697 | +8.3% |
| Credit institutions | 430/8 | €200,000 | €216,697 | +€16,697 | +8.3% |
| Trade debts | 44 | €1,525,179 | €1,851,087 | +€325,909 | +21.4% |
| Suppliers | 440/4 | €1,525,179 | €1,851,087 | +€325,909 | +21.4% |
| Taxes, remuneration and social security | 45 | €136,722 | €126,054 | -€10,669 | -7.8% |
| Taxes | 450/3 | €27,362 | €80,443 | +€53,081 | +194% |
| Remuneration and social security | 454/9 | €109,361 | €45,611 | -€63,750 | -58.3% |
| Other amounts payable | 47/48 | €196,166 | €276,386 | +€80,220 | +40.9% |
| Accrued charges and deferred income | 492/3 | €0 | €41,877 | +€41,877 | |
| Non-recurring operating income | 76A | €0 | €7,766 | +€7,766 | |
| Remuneration, social security and pensions | 62 | €479,501 | €576,903 | +€97,401 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,472 | €94,392 | -€3,080 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,823 | €0 | +€9,823 | |
| Other operating charges | 640/8 | €21,075 | €121,971 | +€100,896 | +479% |
| Non-recurring operating charges | 66A | -€24,286 | €0 | +€24,286 | |
| Gross operating margin | 9900 | €668,244 | €1,243,446 | +€575,201 | +86.1% |
| Operating profit (loss) | 9901 | €104,304 | €450,179 | +€345,876 | +332% |
| Financial income | 75/76B | €1,421 | €510 | -€910 | -64.1% |
| Recurring financial income | 75 | €1,421 | €510 | -€910 | -64.1% |
| Financial charges | 65/66B | €52,692 | €73,323 | +€20,631 | +39.2% |
| Recurring financial charges | 65 | €52,692 | €73,323 | +€20,631 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €53,033 | €377,367 | +€324,334 | +612% |
| Income taxes | 67/77 | €7,623 | €125,952 | +€118,329 | +1,552% |
| Profit (loss) for the period | 9904 | €45,410 | €251,415 | +€206,005 | +454% |
| Profit (loss) for the period to be appropriated | 9905 | €45,410 | €251,415 | +€206,005 | +454% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.