L.M.C.: what changed
Two fiscal 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
- Tangible fixed assets -€17,070
down €17,070 (-5.0%), from €343,283 to €326,212
of which Land and buildings: -€16,500
- Receivables within one year -€3,615
down €3,615 (-51.4%), from €7,035 to €3,420
- Profit (loss) carried forward -€12,348
down €12,348 (-17.9%), from -€69,115 to -€81,463
- Tax, wage and social debts -€6,010
down €6,010 (-94.6%), from €6,354 to €344
- Short-term financial debts +€4,877
up €4,877 (+22.6%), from €21,608 to €26,486
- Other debts -€4,684
down €4,684 (-17.2%), from €27,227 to €22,542
- Gross operating margin -€4,933
down €4,933 (-26.1%), from €18,925 to €13,992
- Financial charges +€2,520
up €2,520 (+194.2%), from €1,298 to €3,818
- Other operating charges +€2,239
up €2,239 (+73.8%), from €3,032 to €5,271
- Taxes -€286
down €286 (-61.4%), from €466 to €180
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,914 | €330,260 | -€20,655 | -5.9% |
| Fixed assets | 21/28 | €343,283 | €326,212 | -€17,070 | -5.0% |
| Tangible fixed assets | 22/27 | €343,283 | €326,212 | -€17,070 | -5.0% |
| Land and buildings | 22 | €342,600 | €326,100 | -€16,500 | -4.8% |
| Furniture and vehicles | 24 | €474 | €14 | -€460 | -97.1% |
| Other tangible fixed assets | 26 | €209 | €98 | -€110 | -52.9% |
| Current assets | 29/58 | €7,631 | €4,047 | -€3,584 | -47.0% |
| Amounts receivable within one year | 40/41 | €7,035 | €3,420 | -€3,615 | -51.4% |
| Trade receivables | 40 | €7,035 | €3,420 | -€3,615 | -51.4% |
| Deferred charges and accrued income | 490/1 | €596 | €627 | +€31 | +5.2% |
| Total equity and liabilities | 10/49 | €350,914 | €330,260 | -€20,655 | -5.9% |
| Equity | 10/15 | €282,585 | €270,237 | -€12,348 | -4.4% |
| Contributions | 10/11 | €342,700 | €342,700 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | - | -€9,000 | |
| Other | 1319 | €9,000 | - | -€9,000 | |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | -€69,115 | -€81,463 | -€12,348 | -17.9% |
| Amounts payable | 17/49 | €68,329 | €60,022 | -€8,307 | -12.2% |
| Amounts payable within one year | 42/48 | €68,329 | €60,022 | -€8,307 | -12.2% |
| Financial debts | 43 | €21,608 | €26,486 | +€4,877 | +22.6% |
| Credit institutions | 430/8 | €21,608 | €26,486 | +€4,877 | +22.6% |
| Trade debts | 44 | €13,140 | €10,651 | -€2,489 | -18.9% |
| Suppliers | 440/4 | €13,140 | €10,651 | -€2,489 | -18.9% |
| Taxes, remuneration and social security | 45 | €6,354 | €344 | -€6,010 | -94.6% |
| Taxes | 450/3 | €6,354 | €344 | -€6,010 | -94.6% |
| Other amounts payable | 47/48 | €27,227 | €22,542 | -€4,684 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,070 | €17,070 | = | 0.0% |
| Other operating charges | 640/8 | €3,032 | €5,271 | +€2,239 | +73.8% |
| Gross operating margin | 9900 | €18,925 | €13,992 | -€4,933 | -26.1% |
| Operating profit (loss) | 9901 | -€1,178 | -€8,350 | -€7,173 | -608.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,298 | €3,818 | +€2,520 | +194.2% |
| Recurring financial charges | 65 | €1,298 | €3,818 | +€2,520 | +194.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,476 | -€12,168 | -€9,693 | -391.5% |
| Income taxes | 67/77 | €466 | €180 | -€286 | -61.4% |
| Profit (loss) for the period | 9904 | -€2,941 | -€12,348 | -€9,407 | -319.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,941 | -€12,348 | -€9,407 | -319.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.