L M ASSOCIATES: 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.
L M ASSOCIATES
Largest movements
- Receivables within one year +€40,455
up €40,455 (+36.2%), from €111,687 to €152,142
of which Other amounts receivable: +€40,335
- Deferred charges and accrued income -€28,957
down €28,957 (-70.3%), from €41,192 to €12,235
- Receivables after one year -€23,320
down €23,320 (-34.8%), from €67,053 to €43,733
- Cash -€5,440
down €5,440 (-98.3%), from €5,537 to €97
mainly Receivables within one year (-€40,455) and Accrued charges and deferred income (-€23,242)
- Accrued charges and deferred income -€23,242
down €23,242 (-58.4%), from €39,800 to €16,558
- Reserves +€10,000
up €10,000 (+8.9%), from €111,855 to €121,855
of which Distributable reserves: +€10,000
- Tax, wage and social debts -€3,636
down €3,636 (-11.6%), from €31,477 to €27,841
- Profit (loss) carried forward -€2,809
down €2,809 (-41.0%), from €6,854 to €4,045
- Trade debts +€2,424
up €2,424 (+14.3%), from €16,933 to €19,357
- Taxes +€2,397
new in 2022: €2,397
- Gross operating margin -€983
down €983 (-2.8%), from €34,686 to €33,703
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,469 | €208,206 | -€17,263 | -7.7% |
| Current assets | 29/58 | €225,469 | €208,206 | -€17,263 | -7.7% |
| Amounts receivable after more than one year | 29 | €67,053 | €43,733 | -€23,320 | -34.8% |
| Other amounts receivable | 291 | €67,053 | €43,733 | -€23,320 | -34.8% |
| Amounts receivable within one year | 40/41 | €111,687 | €152,142 | +€40,455 | +36.2% |
| Trade receivables | 40 | €8,537 | €8,656 | +€120 | +1.4% |
| Other amounts receivable | 41 | €103,150 | €143,486 | +€40,335 | +39.1% |
| Cash at bank and in hand | 54/58 | €5,537 | €97 | -€5,440 | -98.3% |
| Deferred charges and accrued income | 490/1 | €41,192 | €12,235 | -€28,957 | -70.3% |
| Total equity and liabilities | 10/49 | €225,469 | €208,206 | -€17,263 | -7.7% |
| Equity | 10/15 | €137,259 | €144,450 | +€7,191 | +5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €111,855 | €121,855 | +€10,000 | +8.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €120,000 | +€10,000 | +9.1% |
| Profit (loss) carried forward | 14 | €6,854 | €4,045 | -€2,809 | -41.0% |
| Amounts payable | 17/49 | €88,210 | €63,756 | -€24,454 | -27.7% |
| Amounts payable within one year | 42/48 | €48,410 | €47,198 | -€1,212 | -2.5% |
| Trade debts | 44 | €16,933 | €19,357 | +€2,424 | +14.3% |
| Suppliers | 440/4 | €16,933 | €19,357 | +€2,424 | +14.3% |
| Taxes, remuneration and social security | 45 | €31,477 | €27,841 | -€3,636 | -11.6% |
| Taxes | 450/3 | €31,477 | €27,841 | -€3,636 | -11.6% |
| Accrued charges and deferred income | 492/3 | €39,800 | €16,558 | -€23,242 | -58.4% |
| Other operating charges | 640/8 | €348 | €318 | -€30 | -8.6% |
| Gross operating margin | 9900 | €34,686 | €33,703 | -€983 | -2.8% |
| Operating profit (loss) | 9901 | €34,339 | €33,386 | -€953 | -2.8% |
| Financial income | 75/76B | €2,806 | €2,797 | -€9 | -0.3% |
| Recurring financial income | 75 | €2,806 | €2,797 | -€9 | -0.3% |
| Financial charges | 65/66B | €26,527 | €26,595 | +€68 | +0.3% |
| Recurring financial charges | 65 | €26,527 | €26,595 | +€68 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,618 | €9,588 | -€1,030 | -9.7% |
| Income taxes | 67/77 | - | €2,397 | +€2,397 | |
| Profit (loss) for the period | 9904 | €10,618 | €7,191 | -€3,427 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,618 | €7,191 | -€3,427 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2021 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.