LRM Climate: what changed
What changed
LRM Climate
NACE 35.110, Production of electricity from non-renewable sources
filed annual accounts (NBB)
Net result for the year
€125,743
2024 · -€57,192+€182,935
Equity
€2.4m
2024 · €1.7m+€696,143
Cash
€574,407
2024 · €562,208+€12,199
Balance sheet total
€5.3m
2024 · €3.5m+€1.8m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+66.8%), from €2.5m to €4.2m
of which Plant, machinery and equipment: +€1.2m
- Financial fixed assets +€124,000
new in 2025: €124,000
Equity and liabilities
- Debts after one year +€882,496
up €882,496 (+63.4%), from €1.4m to €2.3m
- Contributions +€600,000
up €600,000 (+34.3%), from €1.8m to €2.4m
- Profit (loss) carried forward +€125,743
up €125,743 (+35.3%), from -€356,471 to -€230,728
- Trade debts +€105,251
up €105,251 (+42.5%), from €247,820 to €353,071
- Current portion of long-term debt +€93,638
up €93,638 (+52.3%), from €178,972 to €272,610
Income statement
- Turnover +€642,400
up €642,400 (+116%), from €556,173 to €1.2m
- Services and other goods +€306,494
up €306,494 (+65.9%), from €465,237 to €771,730
- Depreciation +€134,282
up €134,282 (+107%), from €125,457 to €259,738
- Financial charges +€27,974
up €27,974 (+61.1%), from €45,774 to €73,748
- Financial income +€15,607
up €15,607 (+64.2%), from €24,328 to €39,934
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€57,192
Turnover
+€642,400
Other operating income
+€925
Services and other goods
-€306,494
Depreciation
-€134,282
Other operating charges
-€9,275
Financial income
+€15,607
Financial charges
-€27,974
Taxes
+€2,027
Result 2025
€125,743
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€512,982
Investment
-€2.0m
Financing
+€1.5m
Cash 2024
€562,208
From operations (derived)
+€512,982
Net result for the year
+€125,743
Depreciation
+€259,738
Receivables within one year
-€30,683
Smaller working-capital items
-€4,621
Trade debts
+€105,251
Tax, wage and social debts
+€57,554
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.5m
Debts after one year
+€882,496
Current portion of long-term debt
+€93,638
Contributions, distributions and other
+€570,400
Cash 2025
€574,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,485,441 | €5,320,360 | +€1.8m | +52.6% |
| Fixed assets | 21/28 | €2,492,214 | €4,279,794 | +€1.8m | +71.7% |
| Tangible fixed assets | 22/27 | €2,492,214 | €4,155,794 | +€1.7m | +66.8% |
| Plant, machinery and equipment | 23 | €2,272,255 | €3,463,747 | +€1.2m | +52.4% |
| Assets under construction and advance payments | 27 | €219,960 | €692,046 | +€472,086 | +215% |
| Financial fixed assets | 28 | - | €124,000 | +€124,000 | |
| Affiliated companies | 280/1 | - | €124,000 | +€124,000 | |
| Participating interests | 280 | - | €49,000 | +€49,000 | |
| Amounts receivable | 281 | - | €75,000 | +€75,000 | |
| Current assets | 29/58 | €993,226 | €1,040,566 | +€47,340 | +4.8% |
| Amounts receivable within one year | 40/41 | €428,884 | €459,566 | +€30,683 | +7.2% |
| Trade receivables | 40 | €164,379 | €455,961 | +€291,582 | +177% |
| Other amounts receivable | 41 | €264,505 | €3,605 | -€260,899 | -98.6% |
| Cash at bank and in hand | 54/58 | €562,208 | €574,407 | +€12,199 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,135 | €6,593 | +€4,459 | +209% |
| Total equity and liabilities | 10/49 | €3,485,441 | €5,320,360 | +€1.8m | +52.6% |
| Equity | 10/15 | €1,661,803 | €2,357,945 | +€696,143 | +41.9% |
| Contributions | 10/11 | €1,750,000 | €2,350,000 | +€600,000 | +34.3% |
| Capital | 10 | €1,750,000 | €2,350,000 | +€600,000 | +34.3% |
| Issued capital | 100 | €1,750,000 | €2,750,000 | +€1.0m | +57.1% |
| Uncalled capital | 101 | - | €400,000 | +€400,000 | |
| Profit (loss) carried forward | 14 | -€356,471 | -€230,728 | +€125,743 | +35.3% |
| Investment grants | 15 | €268,273 | €238,673 | -€29,600 | -11.0% |
| Amounts payable | 17/49 | €1,823,638 | €2,962,415 | +€1.1m | +62.4% |
| Amounts payable after more than one year | 17 | €1,392,547 | €2,275,044 | +€882,496 | +63.4% |
| Financial debts | 170/4 | €1,392,547 | €2,275,044 | +€882,496 | +63.4% |
| Credit institutions | 173 | €1,392,547 | €2,275,044 | +€882,496 | +63.4% |
| Amounts payable within one year | 42/48 | €426,792 | €683,234 | +€256,443 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €178,972 | €272,610 | +€93,638 | +52.3% |
| Trade debts | 44 | €247,820 | €353,071 | +€105,251 | +42.5% |
| Suppliers | 440/4 | €247,820 | €353,071 | +€105,251 | +42.5% |
| Taxes, remuneration and social security | 45 | - | €57,554 | +€57,554 | |
| Taxes | 450/3 | - | €57,554 | +€57,554 | |
| Accrued charges and deferred income | 492/3 | €4,299 | €4,137 | -€162 | -3.8% |
| Operating income | 70/76A | €556,173 | €1,199,498 | +€643,325 | +116% |
| Turnover | 70 | €556,173 | €1,198,573 | +€642,400 | +116% |
| Other operating income | 74 | - | €925 | +€925 | |
| Operating charges | 60/66A | €590,905 | €1,040,955 | +€450,050 | +76.2% |
| Services and other goods | 61 | €465,237 | €771,730 | +€306,494 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,457 | €259,738 | +€134,282 | +107% |
| Other operating charges | 640/8 | €212 | €9,487 | +€9,275 | +4,375% |
| Operating profit (loss) | 9901 | -€34,733 | €158,542 | +€193,275 | |
| Financial income | 75/76B | €24,328 | €39,934 | +€15,607 | +64.2% |
| Recurring financial income | 75 | €24,328 | €39,934 | +€15,607 | +64.2% |
| Income from financial fixed assets | 750 | - | €1,695 | +€1,695 | |
| Income from current assets | 751 | €3,379 | €8,639 | +€5,260 | +156% |
| Other financial income | 752/9 | €20,949 | €29,601 | +€8,651 | +41.3% |
| Financial charges | 65/66B | €45,774 | €73,748 | +€27,974 | +61.1% |
| Recurring financial charges | 65 | €45,774 | €73,748 | +€27,974 | +61.1% |
| Debt charges | 650 | €45,644 | €73,610 | +€27,967 | +61.3% |
| Other financial charges | 652/9 | €130 | €138 | +€8 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€56,178 | €124,729 | +€180,907 | |
| Income taxes | 67/77 | €1,014 | -€1,014 | -€2,027 | |
| Taxes | 670/3 | €1,014 | €0 | -€1,014 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,014 | +€1,014 | |
| Profit (loss) for the period | 9904 | -€57,192 | €125,743 | +€182,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,192 | €125,743 | +€182,935 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.