L.M.B.: 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.B.
Largest movements
- Cash +€17,834
up €17,834 (+157.9%), from €11,294 to €29,129
mainly Net result for the year (+€41,808) and Depreciation (+€18,892)
- Tangible fixed assets -€12,092
down €12,092 (-32.7%), from €36,935 to €24,843
of which Land and buildings: -€17,773
- Receivables within one year -€4,522
down €4,522 (-3.4%), from €131,340 to €126,818
of which Trade receivables: -€31,500
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,395
up €1,395 (+2.3%), from €60,921 to €62,316
- Financial income -€1,142
down €1,142 (-16.4%), from €6,970 to €5,828
- Financial charges +€904
up €904 (+22.3%), from €4,047 to €4,951
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.
Cash bridge derived
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 | €179,569 | €180,789 | +€1,220 | +0.7% |
| Fixed assets | 21/28 | €36,935 | €24,843 | -€12,092 | -32.7% |
| Tangible fixed assets | 22/27 | €36,935 | €24,843 | -€12,092 | -32.7% |
| Land and buildings | 22 | €35,547 | €17,773 | -€17,773 | -50.0% |
| Plant, machinery and equipment | 23 | €1,388 | €7,070 | +€5,681 | +409.2% |
| Current assets | 29/58 | €142,634 | €155,946 | +€13,312 | +9.3% |
| Amounts receivable within one year | 40/41 | €131,340 | €126,818 | -€4,522 | -3.4% |
| Trade receivables | 40 | €42,525 | €11,025 | -€31,500 | -74.1% |
| Other amounts receivable | 41 | €88,815 | €115,793 | +€26,978 | +30.4% |
| Cash at bank and in hand | 54/58 | €11,294 | €29,129 | +€17,834 | +157.9% |
| Total equity and liabilities | 10/49 | €179,569 | €180,789 | +€1,220 | +0.7% |
| Equity | 10/15 | €49,762 | €49,820 | +€58 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,702 | €16,760 | +€58 | +0.3% |
| Amounts payable | 17/49 | €129,807 | €130,969 | +€1,162 | +0.9% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,871 | €91,061 | +€190 | +0.2% |
| Trade debts | 44 | €1,893 | €1,405 | -€488 | -25.8% |
| Suppliers | 440/4 | €1,893 | €1,405 | -€488 | -25.8% |
| Taxes, remuneration and social security | 45 | €136 | €21 | -€115 | -84.5% |
| Taxes | 450/3 | €136 | €21 | -€115 | -84.5% |
| Other amounts payable | 47/48 | €88,842 | €89,634 | +€792 | +0.9% |
| Accrued charges and deferred income | 492/3 | €3,936 | €4,908 | +€973 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,500 | €18,892 | +€392 | +2.1% |
| Other operating charges | 640/8 | €2,673 | €2,473 | -€201 | -7.5% |
| Gross operating margin | 9900 | €60,921 | €62,316 | +€1,395 | +2.3% |
| Operating profit (loss) | 9901 | €39,748 | €40,952 | +€1,204 | +3.0% |
| Financial income | 75/76B | €6,970 | €5,828 | -€1,142 | -16.4% |
| Recurring financial income | 75 | €6,970 | €5,828 | -€1,142 | -16.4% |
| Financial charges | 65/66B | €4,047 | €4,951 | +€904 | +22.3% |
| Recurring financial charges | 65 | €4,047 | €4,951 | +€904 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €42,671 | €41,829 | -€842 | -2.0% |
| Income taxes | 67/77 | €46 | €21 | -€25 | -53.9% |
| Profit (loss) for the period | 9904 | €42,626 | €41,808 | -€818 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,626 | €41,808 | -€818 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.