L & M ASSOCIES: 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 ASSOCIES
Largest movements
- Receivables within one year +€26,790
up €26,790 (+19.1%), from €140,226 to €167,016
- Deferred charges and accrued income +€10,955
new in 2025: €10,955
- Cash -€2,382
down €2,382 (-57.9%), from €4,117 to €1,735
mainly Receivables within one year (-€26,790) and Deferred charges and accrued income (-€10,955)
- Other debts +€26,000
up €26,000 (+16.7%), from €156,000 to €182,000
- Profit (loss) carried forward +€8,836
up €8,836, from -€7,657 to €1,180
- Financial income +€10,955
new in 2025: €10,955
- Other operating charges +€989
new in 2025: €989
- Gross operating margin +€559
up €559 (+49.1%), from -€1,140 to -€580
- Taxes +€495
new in 2025: €495
- Financial charges +€51
up €51 (+1,700%), from €3 to €54
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 | €150,343 | €185,706 | +€35,363 | +23.5% |
| Fixed assets | 21/28 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €144,343 | €179,706 | +€35,363 | +24.5% |
| Amounts receivable within one year | 40/41 | €140,226 | €167,016 | +€26,790 | +19.1% |
| Other amounts receivable | 41 | €140,226 | €167,016 | +€26,790 | +19.1% |
| Cash at bank and in hand | 54/58 | €4,117 | €1,735 | -€2,382 | -57.9% |
| Deferred charges and accrued income | 490/1 | - | €10,955 | +€10,955 | |
| Total equity and liabilities | 10/49 | €150,343 | €185,706 | +€35,363 | +23.5% |
| Equity | 10/15 | -€5,657 | €3,180 | +€8,836 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,657 | €1,180 | +€8,836 | |
| Amounts payable | 17/49 | €156,000 | €182,527 | +€26,527 | +17.0% |
| Amounts payable within one year | 42/48 | €156,000 | €182,527 | +€26,527 | +17.0% |
| Trade debts | 44 | - | €31 | +€31 | |
| Suppliers | 440/4 | - | €31 | +€31 | |
| Taxes, remuneration and social security | 45 | - | €495 | +€495 | |
| Taxes | 450/3 | - | €495 | +€495 | |
| Other amounts payable | 47/48 | €156,000 | €182,000 | +€26,000 | +16.7% |
| Other operating charges | 640/8 | - | €989 | +€989 | |
| Gross operating margin | 9900 | -€1,140 | -€580 | +€559 | +49.1% |
| Operating profit (loss) | 9901 | -€1,140 | -€1,569 | -€429 | -37.7% |
| Financial income | 75/76B | - | €10,955 | +€10,955 | |
| Recurring financial income | 75 | - | €10,955 | +€10,955 | |
| Financial charges | 65/66B | €3 | €54 | +€51 | +1,700% |
| Recurring financial charges | 65 | €3 | €54 | +€51 | +1,700% |
| Profit (loss) for the period before taxes | 9903 | -€1,143 | €9,331 | +€10,474 | |
| Income taxes | 67/77 | - | €495 | +€495 | |
| Profit (loss) for the period | 9904 | -€1,143 | €8,836 | +€9,979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,143 | €8,836 | +€9,979 |
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 30 October 2026 via checked.be.