L.M.C.: 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.C.
Largest movements
- Cash +€120,835
up €120,835 (+165%), from €73,065 to €193,900
mainly Receivables within one year (+€69,590) and Tax, wage and social debts (+€28,459)
- Receivables within one year -€69,590
down €69,590 (-48.3%), from €144,113 to €74,523
of which Trade receivables: -€78,605
- Tax, wage and social debts +€28,459
up €28,459 (+84.8%), from €33,577 to €62,036
of which Taxes: +€26,776
- Profit (loss) carried forward +€15,025
up €15,025 (+11.5%), from €130,293 to €145,318
- Provisions +€9,560
up €9,560 (+21.0%), from €45,518 to €55,078
- Trade debts -€5,562
down €5,562 (-43.6%), from €12,772 to €7,210
- Turnover +€115,383
up €115,383 (+20.1%), from €573,089 to €688,472
- Purchases and services +€66,884
up €66,884 (+17.2%), from €388,106 to €454,990
- Gross operating margin +€42,708
up €42,708 (+21.7%), from €196,919 to €239,627
- Staff costs +€12,773
up €12,773 (+7.1%), from €180,610 to €193,384
- Provisions +€11,199
up €11,199, from -€1,639 to €9,560
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 | €251,147 | €296,812 | +€45,666 | +18.2% |
| Fixed assets | 21/28 | €14,940 | €9,291 | -€5,649 | -37.8% |
| Tangible fixed assets | 22/27 | €8,633 | €5,887 | -€2,746 | -31.8% |
| Plant, machinery and equipment | 23 | €2,505 | €1,670 | -€835 | -33.3% |
| Furniture and vehicles | 24 | €6,128 | €4,217 | -€1,911 | -31.2% |
| Financial fixed assets | 28 | €6,307 | €3,405 | -€2,903 | -46.0% |
| Current assets | 29/58 | €236,207 | €287,521 | +€51,314 | +21.7% |
| Amounts receivable within one year | 40/41 | €144,113 | €74,523 | -€69,590 | -48.3% |
| Trade receivables | 40 | €137,657 | €59,052 | -€78,605 | -57.1% |
| Other amounts receivable | 41 | €6,456 | €15,471 | +€9,015 | +140% |
| Current investments | 50/53 | €18,504 | €18,573 | +€69 | +0.4% |
| Cash at bank and in hand | 54/58 | €73,065 | €193,900 | +€120,835 | +165% |
| Deferred charges and accrued income | 490/1 | €525 | €525 | = | 0.0% |
| Total equity and liabilities | 10/49 | €251,147 | €296,812 | +€45,666 | +18.2% |
| Equity | 10/15 | €150,744 | €165,769 | +€15,025 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,293 | €145,318 | +€15,025 | +11.5% |
| Provisions and deferred taxes | 16 | €45,518 | €55,078 | +€9,560 | +21.0% |
| Provisions for liabilities and charges | 160/5 | €45,518 | €55,078 | +€9,560 | +21.0% |
| Other liabilities and charges | 164/5 | €45,518 | €55,078 | +€9,560 | +21.0% |
| Amounts payable | 17/49 | €54,885 | €75,966 | +€21,080 | +38.4% |
| Amounts payable within one year | 42/48 | €54,885 | €75,966 | +€21,080 | +38.4% |
| Financial debts | 43 | €1,250 | €1,250 | = | 0.0% |
| Credit institutions | 430/8 | €1,250 | €1,250 | = | 0.0% |
| Trade debts | 44 | €12,772 | €7,210 | -€5,562 | -43.6% |
| Suppliers | 440/4 | €12,772 | €7,210 | -€5,562 | -43.6% |
| Taxes, remuneration and social security | 45 | €33,577 | €62,036 | +€28,459 | +84.8% |
| Taxes | 450/3 | €5,085 | €31,862 | +€26,776 | +527% |
| Remuneration and social security | 454/9 | €28,492 | €30,174 | +€1,683 | +5.9% |
| Other amounts payable | 47/48 | €7,286 | €5,470 | -€1,817 | -24.9% |
| Turnover | 70 | €573,089 | €688,472 | +€115,383 | +20.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €388,106 | €454,990 | +€66,884 | +17.2% |
| Remuneration, social security and pensions | 62 | €180,610 | €193,384 | +€12,773 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €4,567 | -€2,658 | -36.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,639 | €9,560 | +€11,199 | |
| Other operating charges | 640/8 | €4,875 | €9,373 | +€4,499 | +92.3% |
| Gross operating margin | 9900 | €196,919 | €239,627 | +€42,708 | +21.7% |
| Operating profit (loss) | 9901 | €5,849 | €22,743 | +€16,894 | +289% |
| Financial income | 75/76B | €845 | €2,662 | +€1,818 | +215% |
| Recurring financial income | 75 | €845 | €1,662 | +€818 | +96.8% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €1,052 | €788 | -€264 | -25.1% |
| Recurring financial charges | 65 | €1,052 | €788 | -€264 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €5,642 | €24,618 | +€18,977 | +336% |
| Income taxes | 67/77 | €3,046 | €9,593 | +€6,548 | +215% |
| Profit (loss) for the period | 9904 | €2,596 | €15,025 | +€12,429 | +479% |
| Profit (loss) for the period to be appropriated | 9905 | €2,596 | €15,025 | +€12,429 | +479% |
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 23 October 2026 via checked.be.