L.M. Diving Service: 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. Diving Service
Largest movements
- Tangible fixed assets +€354,092
up €354,092 (+32.0%), from €1.1m to €1.5m
of which Land and buildings: +€363,532
- Receivables within one year -€205,095
down €205,095 (-70.1%), from €292,624 to €87,529
of which Trade receivables: -€184,330
- Debts after one year +€104,849
up €104,849 (+11.6%), from €904,866 to €1.0m
- Reserves +€75,657
up €75,657 (+26.0%), from €290,566 to €366,223
of which Distributable reserves: +€75,657
- Other debts -€63,061
down €63,061 (-79.2%), from €79,590 to €16,529
- Current portion of long-term debt +€48,428
up €48,428 (+53.2%), from €91,036 to €139,464
- Gross operating margin -€19,613
down €19,613 (-6.2%), from €317,940 to €298,326
- Financial charges +€12,814
up €12,814 (+29.1%), from €43,963 to €56,777
- Taxes -€12,612
down €12,612 (-24.5%), from €51,511 to €38,899
- Depreciation +€8,416
up €8,416 (+7.8%), from €108,180 to €116,595
- Financial income -€5,895
down €5,895 (-30.2%), from €19,494 to €13,599
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 | €1,449,349 | €1,607,326 | +€157,977 | +10.9% |
| Fixed assets | 21/28 | €1,105,895 | €1,459,986 | +€354,092 | +32.0% |
| Tangible fixed assets | 22/27 | €1,105,760 | €1,459,851 | +€354,092 | +32.0% |
| Land and buildings | 22 | €871,325 | €1,234,857 | +€363,532 | +41.7% |
| Plant, machinery and equipment | 23 | €64,637 | €51,684 | -€12,953 | -20.0% |
| Furniture and vehicles | 24 | €23,514 | €57,955 | +€34,441 | +146% |
| Leasing and similar rights | 25 | €146,285 | €115,356 | -€30,929 | -21.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €343,454 | €147,340 | -€196,114 | -57.1% |
| Amounts receivable within one year | 40/41 | €292,624 | €87,529 | -€205,095 | -70.1% |
| Trade receivables | 40 | €235,562 | €51,232 | -€184,330 | -78.3% |
| Other amounts receivable | 41 | €57,062 | €36,297 | -€20,765 | -36.4% |
| Cash at bank and in hand | 54/58 | €36,292 | €47,375 | +€11,083 | +30.5% |
| Deferred charges and accrued income | 490/1 | €14,539 | €12,436 | -€2,102 | -14.5% |
| Total equity and liabilities | 10/49 | €1,449,349 | €1,607,326 | +€157,977 | +10.9% |
| Equity | 10/15 | €309,166 | €384,823 | +€75,657 | +24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €290,566 | €366,223 | +€75,657 | +26.0% |
| Tax-exempt reserves | 132 | €24,489 | €24,489 | = | 0.0% |
| Distributable reserves | 133 | €266,077 | €341,733 | +€75,657 | +28.4% |
| Amounts payable | 17/49 | €1,140,183 | €1,222,504 | +€82,321 | +7.2% |
| Amounts payable after more than one year | 17 | €904,866 | €1,009,716 | +€104,849 | +11.6% |
| Financial debts | 170/4 | €904,866 | €1,009,716 | +€104,849 | +11.6% |
| Amounts payable within one year | 42/48 | €231,705 | €209,533 | -€22,172 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €91,036 | €139,464 | +€48,428 | +53.2% |
| Trade debts | 44 | €49,743 | €50,050 | +€307 | +0.6% |
| Suppliers | 440/4 | €49,743 | €50,050 | +€307 | +0.6% |
| Taxes, remuneration and social security | 45 | €11,336 | €3,491 | -€7,845 | -69.2% |
| Taxes | 450/3 | €11,336 | €3,491 | -€7,845 | -69.2% |
| Other amounts payable | 47/48 | €79,590 | €16,529 | -€63,061 | -79.2% |
| Accrued charges and deferred income | 492/3 | €3,612 | €3,255 | -€357 | -9.9% |
| Non-recurring operating income | 76A | - | €16,950 | +€16,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,180 | €116,595 | +€8,416 | +7.8% |
| Other operating charges | 640/8 | €7,519 | €7,469 | -€50 | -0.7% |
| Non-recurring operating charges | 66A | €3,748 | - | -€3,748 | |
| Gross operating margin | 9900 | €317,940 | €298,326 | -€19,613 | -6.2% |
| Operating profit (loss) | 9901 | €198,493 | €174,262 | -€24,231 | -12.2% |
| Financial income | 75/76B | €19,494 | €13,599 | -€5,895 | -30.2% |
| Recurring financial income | 75 | €19,494 | €13,599 | -€5,895 | -30.2% |
| Financial charges | 65/66B | €43,963 | €56,777 | +€12,814 | +29.1% |
| Recurring financial charges | 65 | €43,963 | €56,777 | +€12,814 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €174,025 | €131,084 | -€42,940 | -24.7% |
| Income taxes | 67/77 | €51,511 | €38,899 | -€12,612 | -24.5% |
| Profit (loss) for the period | 9904 | €122,514 | €92,185 | -€30,329 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,514 | €92,185 | -€30,329 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.