L & M ENGINEERING: 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 ENGINEERING
Largest movements
- Stocks and contracts -€41,909
down €41,909 (-76.0%), from €55,173 to €13,264
of which Contracts in progress: -€41,310
- Receivables within one year +€27,266
up €27,266 (+14.4%), from €189,551 to €216,817
of which Trade receivables: +€33,970
- Cash +€3,935
up €3,935 (+147.5%), from €2,667 to €6,602
mainly Tax, wage and social debts (+€78,019) and Stocks and contracts (+€41,909)
- Tangible fixed assets -€3,723
down €3,723 (-37.0%), from €10,050 to €6,327
of which Furniture and vehicles: -€4,006
- Tax, wage and social debts +€78,019
up €78,019 (+81.2%), from €96,095 to €174,114
of which Remuneration and social security: +€79,204
- Profit (loss) carried forward -€62,490
down €62,490 (-33.3%), from -€187,694 to -€250,184
- Trade debts -€52,305
down €52,305 (-25.6%), from €204,532 to €152,227
- Short-term financial debts +€36,430
up €36,430 (+555.9%), from €6,553 to €42,983
- Advances received -€8,678
down €8,678 (-100.0%), from €8,678 to €0
- Turnover -€83,101
down €83,101 (-14.1%), from €588,032 to €504,931
- Gross operating margin -€77,087
down €77,087 (-16.9%), from €455,803 to €378,716
- Staff costs -€62,647
down €62,647 (-12.7%), from €491,566 to €428,919
- Purchases and services -€6,014
down €6,014 (-4.5%), from €132,230 to €126,216
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 | €258,429 | €243,148 | -€15,281 | -5.9% |
| Fixed assets | 21/28 | €10,050 | €6,327 | -€3,723 | -37.0% |
| Tangible fixed assets | 22/27 | €10,050 | €6,327 | -€3,723 | -37.0% |
| Plant, machinery and equipment | 23 | €2,444 | €2,728 | +€283 | +11.6% |
| Furniture and vehicles | 24 | €7,605 | €3,600 | -€4,006 | -52.7% |
| Current assets | 29/58 | €248,379 | €236,820 | -€11,559 | -4.7% |
| Stocks and contracts in progress | 3 | €55,173 | €13,264 | -€41,909 | -76.0% |
| Stocks | 30/36 | €4,903 | €4,304 | -€599 | -12.2% |
| Contracts in progress | 37 | €50,270 | €8,960 | -€41,310 | -82.2% |
| Amounts receivable within one year | 40/41 | €189,551 | €216,817 | +€27,266 | +14.4% |
| Trade receivables | 40 | €116,285 | €150,254 | +€33,970 | +29.2% |
| Other amounts receivable | 41 | €73,266 | €66,563 | -€6,703 | -9.1% |
| Cash at bank and in hand | 54/58 | €2,667 | €6,602 | +€3,935 | +147.5% |
| Deferred charges and accrued income | 490/1 | €988 | €137 | -€851 | -86.1% |
| Total equity and liabilities | 10/49 | €258,429 | €243,148 | -€15,281 | -5.9% |
| Equity | 10/15 | -€87,234 | -€149,724 | -€62,490 | -71.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,860 | €81,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,694 | -€250,184 | -€62,490 | -33.3% |
| Amounts payable | 17/49 | €345,663 | €392,872 | +€47,209 | +13.7% |
| Amounts payable after more than one year | 17 | €29,501 | €23,451 | -€6,050 | -20.5% |
| Financial debts | 170/4 | €29,501 | €23,451 | -€6,050 | -20.5% |
| Amounts payable within one year | 42/48 | €315,858 | €369,324 | +€53,466 | +16.9% |
| Financial debts | 43 | €6,553 | €42,983 | +€36,430 | +555.9% |
| Credit institutions | 430/8 | €6,553 | €42,983 | +€36,430 | +555.9% |
| Trade debts | 44 | €204,532 | €152,227 | -€52,305 | -25.6% |
| Suppliers | 440/4 | €204,532 | €152,227 | -€52,305 | -25.6% |
| Advances received on contracts in progress | 46 | €8,678 | €0 | -€8,678 | -100.0% |
| Taxes, remuneration and social security | 45 | €96,095 | €174,114 | +€78,019 | +81.2% |
| Taxes | 450/3 | €32,741 | €31,557 | -€1,185 | -3.6% |
| Remuneration and social security | 454/9 | €63,353 | €142,557 | +€79,204 | +125.0% |
| Accrued charges and deferred income | 492/3 | €304 | €97 | -€207 | -68.1% |
| Turnover | 70 | €588,032 | €504,931 | -€83,101 | -14.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €132,230 | €126,216 | -€6,014 | -4.5% |
| Remuneration, social security and pensions | 62 | €491,566 | €428,919 | -€62,647 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,956 | €5,223 | -€733 | -12.3% |
| Other operating charges | 640/8 | €2,957 | €1,391 | -€1,566 | -53.0% |
| Gross operating margin | 9900 | €455,803 | €378,716 | -€77,087 | -16.9% |
| Operating profit (loss) | 9901 | -€44,676 | -€56,817 | -€12,140 | -27.2% |
| Financial income | 75/76B | €3,736 | €3,773 | +€37 | +1.0% |
| Recurring financial income | 75 | €3,736 | €3,773 | +€37 | +1.0% |
| Financial charges | 65/66B | €10,738 | €9,447 | -€1,291 | -12.0% |
| Recurring financial charges | 65 | €10,738 | €9,447 | -€1,291 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,678 | -€62,490 | -€10,812 | -20.9% |
| Income taxes | 67/77 | €546 | - | -€546 | |
| Profit (loss) for the period | 9904 | -€52,225 | -€62,490 | -€10,266 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,225 | -€62,490 | -€10,266 | -19.7% |
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 7 October 2026 via checked.be.