L&M CONSULT: 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 CONSULT
Largest movements
- Cash +€33,811
up €33,811 (+57.8%), from €58,528 to €92,339
mainly Accrued charges and deferred income (+€40,000) and Depreciation (+€13,884)
- Intangible fixed assets -€2,412
down €2,412 (-12.1%), from €19,883 to €17,471
- Receivables within one year -€1,602
down €1,602 (-42.9%), from €3,731 to €2,129
of which Trade receivables: -€1,602
- Accrued charges and deferred income +€40,000
up €40,000 (+160%), from €25,000 to €65,000
- Current portion of long-term debt -€12,335
down €12,335 (-83.1%), from €14,843 to €2,508
- Profit (loss) carried forward +€7,747
up €7,747 (+28.2%), from €27,440 to €35,188
- Debts after one year -€2,508
no longer reported in 2025 (was €2,508)
- Staff costs +€12,874
up €12,874 (+15.3%), from €84,408 to €97,282
- Gross operating margin +€12,064
up €12,064 (+10.6%), from €113,625 to €125,690
- Financial income +€1,509
up €1,509 (+44.2%), from €3,414 to €4,923
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 | €125,862 | €155,965 | +€30,103 | +23.9% |
| Fixed assets | 21/28 | €63,602 | €61,496 | -€2,106 | -3.3% |
| Intangible fixed assets | 21 | €19,883 | €17,471 | -€2,412 | -12.1% |
| Tangible fixed assets | 22/27 | €36,875 | €37,181 | +€306 | +0.8% |
| Land and buildings | 22 | €35,841 | €25,841 | -€10,001 | -27.9% |
| Plant, machinery and equipment | 23 | €254 | €143 | -€111 | -43.6% |
| Furniture and vehicles | 24 | €780 | €11,197 | +€10,418 | +1,336% |
| Financial fixed assets | 28 | €6,844 | €6,844 | = | 0.0% |
| Current assets | 29/58 | €62,260 | €94,469 | +€32,209 | +51.7% |
| Amounts receivable within one year | 40/41 | €3,731 | €2,129 | -€1,602 | -42.9% |
| Trade receivables | 40 | €1,602 | - | -€1,602 | |
| Other amounts receivable | 41 | €2,129 | €2,129 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,528 | €92,339 | +€33,811 | +57.8% |
| Total equity and liabilities | 10/49 | €125,862 | €155,965 | +€30,103 | +23.9% |
| Equity | 10/15 | €55,500 | €63,248 | +€7,747 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,440 | €35,188 | +€7,747 | +28.2% |
| Amounts payable | 17/49 | €70,361 | €92,717 | +€22,356 | +31.8% |
| Amounts payable after more than one year | 17 | €2,508 | - | -€2,508 | |
| Financial debts | 170/4 | €2,508 | - | -€2,508 | |
| Amounts payable within one year | 42/48 | €42,853 | €27,717 | -€15,136 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €14,843 | €2,508 | -€12,335 | -83.1% |
| Trade debts | 44 | €984 | - | -€984 | |
| Suppliers | 440/4 | €984 | - | -€984 | |
| Taxes, remuneration and social security | 45 | €16,931 | €15,965 | -€966 | -5.7% |
| Taxes | 450/3 | €7,041 | €4,609 | -€2,432 | -34.5% |
| Remuneration and social security | 454/9 | €9,891 | €11,357 | +€1,466 | +14.8% |
| Other amounts payable | 47/48 | €10,094 | €9,243 | -€851 | -8.4% |
| Accrued charges and deferred income | 492/3 | €25,000 | €65,000 | +€40,000 | +160% |
| Remuneration, social security and pensions | 62 | €84,408 | €97,282 | +€12,874 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,607 | €13,884 | +€278 | +2.0% |
| Other operating charges | 640/8 | €3,147 | €3,608 | +€461 | +14.7% |
| Gross operating margin | 9900 | €113,625 | €125,690 | +€12,064 | +10.6% |
| Operating profit (loss) | 9901 | €12,464 | €10,916 | -€1,548 | -12.4% |
| Financial income | 75/76B | €3,414 | €4,923 | +€1,509 | +44.2% |
| Recurring financial income | 75 | €3,414 | €4,923 | +€1,509 | +44.2% |
| Financial charges | 65/66B | €925 | €37 | -€888 | -95.9% |
| Recurring financial charges | 65 | €925 | €37 | -€888 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €14,953 | €15,801 | +€848 | +5.7% |
| Income taxes | 67/77 | €5,860 | €5,053 | -€806 | -13.8% |
| Profit (loss) for the period | 9904 | €9,093 | €10,747 | +€1,654 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,093 | €10,747 | +€1,654 | +18.2% |
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 27 October 2026 via checked.be.