LRM Lease: 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.
What changed
LRM Lease
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €2.1m-€3.1m
Equity
€4.9m
2024 · €5.9m-€1.1m
Cash
€2.2m
2024 · €2.5m-€245,878
Balance sheet total
€50.7m
2024 · €57.0m-€6.3m
Largest movements
Assets
- Tangible fixed assets -€3.7m
down €3.7m (-7.3%), from €50.7m to €47.0m
of which Other tangible fixed assets: -€3.7m
- Receivables within one year -€2.3m
down €2.3m (-61.6%), from €3.7m to €1.4m
of which Trade receivables: -€1.2m
Equity and liabilities
- Debts after one year -€5.3m
down €5.3m (-11.6%), from €45.6m to €40.3m
- Profit (loss) carried forward -€1.1m
down €1.1m (-61.4%), from -€1.7m to -€2.8m
Income statement
- Turnover -€1.4m
down €1.4m (-22.2%), from €6.3m to €4.9m
- Financial charges -€255,797
down €255,797 (-9.9%), from €2.6m to €2.3m
- Services and other goods -€125,313
down €125,313 (-17.5%), from €716,851 to €591,538
- Taxes -€89,081
down €89,081 (-100%), from €89,081 to €0
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.
Result 2024
€2.1m
Turnover
-€1.4m
Other operating income
+€54,712
Services and other goods
+€125,313
Depreciation
-€754
Other operating charges
+€38,782
Other operating items
-€2.3m
Financial income
+€38,493
Financial charges
+€255,797
Taxes
+€89,081
Result 2025
-€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.1m
Investment
-€24,529
Financing
-€5.3m
Cash 2024
€2.5m
From operations (derived)
+€5.1m
Net result for the year
-€1.1m
Depreciation
+€3.7m
Receivables within one year
+€2.3m
Smaller working-capital items
-€973
Trade debts
+€90,041
Investment (derived)
-€24,529
Investment in fixed assets (net)
-€24,529
Financing
-€5.3m
Debts after one year
-€5.3m
Current portion of long-term debt
+€0
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,971,275 | €50,710,322 | -€6.3m | -11.0% |
| Fixed assets | 21/28 | €50,730,636 | €47,022,607 | -€3.7m | -7.3% |
| Tangible fixed assets | 22/27 | €50,730,636 | €47,022,607 | -€3.7m | -7.3% |
| Other tangible fixed assets | 26 | €50,726,030 | €47,018,001 | -€3.7m | -7.3% |
| Assets under construction and advance payments | 27 | €4,606 | €4,606 | = | 0.0% |
| Current assets | 29/58 | €6,240,640 | €3,687,715 | -€2.6m | -40.9% |
| Amounts receivable within one year | 40/41 | €3,739,174 | €1,437,655 | -€2.3m | -61.6% |
| Trade receivables | 40 | €2,583,001 | €1,398,451 | -€1.2m | -45.9% |
| Other amounts receivable | 41 | €1,156,172 | €39,203 | -€1.1m | -96.6% |
| Cash at bank and in hand | 54/58 | €2,482,767 | €2,236,890 | -€245,878 | -9.9% |
| Deferred charges and accrued income | 490/1 | €18,699 | €13,171 | -€5,528 | -29.6% |
| Total equity and liabilities | 10/49 | €56,971,275 | €50,710,322 | -€6.3m | -11.0% |
| Equity | 10/15 | €5,944,297 | €4,890,895 | -€1.1m | -17.7% |
| Contributions | 10/11 | €7,646,000 | €7,646,000 | = | 0.0% |
| Capital | 10 | €7,646,000 | €7,646,000 | = | 0.0% |
| Issued capital | 100 | €7,646,000 | €7,646,000 | = | 0.0% |
| Reserves | 13 | €13,395 | €13,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,395 | €13,395 | = | 0.0% |
| Legal reserve | 130 | €13,395 | €13,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,715,098 | -€2,768,500 | -€1.1m | -61.4% |
| Amounts payable | 17/49 | €51,026,978 | €45,819,427 | -€5.2m | -10.2% |
| Amounts payable after more than one year | 17 | €45,578,796 | €40,287,705 | -€5.3m | -11.6% |
| Financial debts | 170/4 | €45,578,796 | €40,287,705 | -€5.3m | -11.6% |
| Subordinated loans | 170 | €25,407,963 | €22,945,015 | -€2.5m | -9.7% |
| Credit institutions | 173 | €20,170,833 | €17,342,690 | -€2.8m | -14.0% |
| Amounts payable within one year | 42/48 | €5,442,572 | €5,527,913 | +€85,341 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €5,291,091 | €5,291,091 | +€0 | 0.0% |
| Trade debts | 44 | €134,747 | €224,789 | +€90,041 | +66.8% |
| Suppliers | 440/4 | €134,747 | €224,789 | +€90,041 | +66.8% |
| Taxes, remuneration and social security | 45 | €4,331 | €12,033 | +€7,702 | +178% |
| Taxes | 450/3 | €4,331 | €12,033 | +€7,702 | +178% |
| Other amounts payable | 47/48 | €12,403 | - | -€12,403 | |
| Accrued charges and deferred income | 492/3 | €5,610 | €3,809 | -€1,800 | -32.1% |
| Operating income | 70/76A | €9,784,984 | €6,099,166 | -€3.7m | -37.7% |
| Turnover | 70 | €6,273,103 | €4,881,894 | -€1.4m | -22.2% |
| Other operating income | 74 | €1,162,560 | €1,217,272 | +€54,712 | +4.7% |
| Non-recurring operating income | 76A | €2,349,320 | - | -€2.3m | |
| Operating charges | 60/66A | €5,048,555 | €4,885,214 | -€163,341 | -3.2% |
| Services and other goods | 61 | €716,851 | €591,538 | -€125,313 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,731,803 | €3,732,557 | +€754 | 0.0% |
| Other operating charges | 640/8 | €599,901 | €561,118 | -€38,782 | -6.5% |
| Operating profit (loss) | 9901 | €4,736,429 | €1,213,952 | -€3.5m | -74.4% |
| Financial income | 75/76B | €28,680 | €67,173 | +€38,493 | +134% |
| Recurring financial income | 75 | €28,680 | €67,173 | +€38,493 | +134% |
| Income from current assets | 751 | €24,360 | €67,173 | +€42,813 | +176% |
| Other financial income | 752/9 | €4,320 | €0 | -€4,320 | -100.0% |
| Financial charges | 65/66B | €2,590,323 | €2,334,527 | -€255,797 | -9.9% |
| Recurring financial charges | 65 | €2,590,323 | €2,334,527 | -€255,797 | -9.9% |
| Debt charges | 650 | €2,589,828 | €2,333,966 | -€255,861 | -9.9% |
| Other financial charges | 652/9 | €496 | €560 | +€65 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €2,174,786 | -€1,053,402 | -€3.2m | |
| Income taxes | 67/77 | €89,081 | €0 | -€89,081 | -100% |
| Taxes | 670/3 | €89,081 | €0 | -€89,081 | -100% |
| Profit (loss) for the period | 9904 | €2,085,705 | -€1,053,402 | -€3.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,085,705 | -€1,053,402 | -€3.1m |
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 27 October 2026 via checked.be.