ASSOC LMC: 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.
ASSOC LMC
Largest movements
- Receivables within one year +€350,063
new in 2025: €350,063
- Other debts +€1.3m
up €1.3m (+10.2%), from €12.4m to €13.6m
- Current portion of long-term debt -€953,533
down €953,533 (-82.1%), from €1.2m to €207,197
- Financial income +€349,996
up €349,996 (+8,749,900%), from €4 to €350,000
- Financial charges +€97,998
up €97,998 (+41.4%), from €236,930 to €334,928
of which Financial charges: +€94,398
- Other operating charges +€1,577
up €1,577 (+226%), from €699 to €2,276
- Gross operating margin +€827
up €827 (+43.3%), from -€1,909 to -€1,081
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 | €20,120,069 | €20,369,842 | +€249,773 | +1.2% |
| Fixed assets | 21/28 | €20,000,000 | €20,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000,000 | €20,000,000 | = | 0.0% |
| Current assets | 29/58 | €120,069 | €369,842 | +€249,773 | +208% |
| Amounts receivable within one year | 40/41 | - | €350,063 | +€350,063 | |
| Other amounts receivable | 41 | - | €350,063 | +€350,063 | |
| Cash at bank and in hand | 54/58 | €120,069 | €19,778 | -€100,290 | -83.5% |
| Total equity and liabilities | 10/49 | €20,120,069 | €20,369,842 | +€249,773 | +1.2% |
| Equity | 10/15 | €412,546 | €424,261 | +€11,715 | +2.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €409,546 | €421,261 | +€11,715 | +2.9% |
| Amounts payable | 17/49 | €19,707,523 | €19,945,581 | +€238,059 | +1.2% |
| Amounts payable after more than one year | 17 | €5,987,424 | €5,942,253 | -€45,171 | -0.8% |
| Financial debts | 170/4 | €5,987,424 | €5,942,253 | -€45,171 | -0.8% |
| Amounts payable within one year | 42/48 | €13,628,195 | €14,003,328 | +€375,133 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €1,160,730 | €207,197 | -€953,533 | -82.1% |
| Trade debts | 44 | €1,824 | €154,889 | +€153,066 | +8,394% |
| Suppliers | 440/4 | €1,824 | €154,889 | +€153,066 | +8,394% |
| Taxes, remuneration and social security | 45 | €90,000 | - | -€90,000 | |
| Taxes | 450/3 | €90,000 | - | -€90,000 | |
| Other amounts payable | 47/48 | €12,375,642 | €13,641,242 | +€1.3m | +10.2% |
| Accrued charges and deferred income | 492/3 | €91,903 | - | -€91,903 | |
| Other operating charges | 640/8 | €699 | €2,276 | +€1,577 | +226% |
| Gross operating margin | 9900 | -€1,909 | -€1,081 | +€827 | +43.3% |
| Operating profit (loss) | 9901 | -€2,607 | -€3,358 | -€750 | -28.8% |
| Financial income | 75/76B | €4 | €350,000 | +€349,996 | +8,749,900% |
| Recurring financial income | 75 | €4 | €350,000 | +€349,996 | +8,749,900% |
| Financial charges | 65/66B | €236,930 | €334,928 | +€97,998 | +41.4% |
| Recurring financial charges | 65 | €236,930 | €331,328 | +€94,398 | +39.8% |
| Non-recurring financial charges | 66B | - | €3,600 | +€3,600 | |
| Profit (loss) for the period before taxes | 9903 | -€239,533 | €11,715 | +€251,248 | |
| Profit (loss) for the period | 9904 | -€239,533 | €11,715 | +€251,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€239,533 | €11,715 | +€251,248 |
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 13 October 2026 via checked.be.