L & M-HOLDING: 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-HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
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 | €2,448,073 | €2,448,073 | = | 0.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,448,000 | €2,448,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,448,000 | €2,448,000 | = | 0.0% |
| Current assets | 29/58 | €73 | €73 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73 | €73 | = | 0.0% |
| Other amounts receivable | 41 | €73 | €73 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €2,448,073 | €2,448,073 | = | 0.0% |
| Equity | 10/15 | €1,342,711 | €1,342,675 | -€35 | 0.0% |
| Contributions | 10/11 | €1,056,200 | €1,056,200 | = | 0.0% |
| Reserves | 13 | €290,800 | €290,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,200 | €24,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,200 | €24,200 | = | 0.0% |
| Distributable reserves | 133 | €266,600 | €266,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,289 | -€4,325 | -€35 | -0.8% |
| Amounts payable | 17/49 | €1,105,363 | €1,105,398 | +€35 | 0.0% |
| Amounts payable within one year | 42/48 | €1,105,363 | €1,105,398 | +€35 | 0.0% |
| Financial debts | 43 | - | €43 | +€43 | |
| Credit institutions | 430/8 | - | €43 | +€43 | |
| Other amounts payable | 47/48 | €1,105,363 | €1,105,355 | -€7 | 0.0% |
| Financial charges | 65/66B | €41 | €35 | -€6 | -13.5% |
| Recurring financial charges | 65 | €41 | €35 | -€6 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€41 | -€35 | +€6 | +13.5% |
| Profit (loss) for the period | 9904 | -€41 | -€35 | +€6 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€41 | -€35 | +€6 | +13.5% |
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 1 November 2026 via checked.be.