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
- Tangible fixed assets -€15,190
down €15,190 (-64.6%), from €23,516 to €8,326
- Receivables within one year +€11,879
up €11,879 (+141%), from €8,419 to €20,299
of which Trade receivables: +€10,581
- Cash -€8,837
down €8,837 (-8.2%), from €107,292 to €98,455
mainly Receivables within one year (-€11,879) and Current portion of long-term debt (-€8,847)
- Current portion of long-term debt -€8,847
no longer reported in 2025 (was €8,847)
- Reserves -€3,414
down €3,414 (-3.1%), from €109,617 to €106,203
- Tax, wage and social debts -€1,716
no longer reported in 2025 (was €1,716)
- Trade debts +€1,601
up €1,601 (+410%), from €391 to €1,991
- Gross operating margin -€230
down €230 (-1.9%), from €12,394 to €12,164
- Financial charges -€195
down €195 (-68.6%), from €284 to €89
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 | €142,051 | €130,173 | -€11,878 | -8.4% |
| Fixed assets | 21/28 | €23,516 | €8,326 | -€15,190 | -64.6% |
| Tangible fixed assets | 22/27 | €23,516 | €8,326 | -€15,190 | -64.6% |
| Furniture and vehicles | 24 | €23,516 | €8,326 | -€15,190 | -64.6% |
| Current assets | 29/58 | €118,535 | €121,847 | +€3,313 | +2.8% |
| Stocks and contracts in progress | 3 | €1,182 | €1,182 | = | 0.0% |
| Stocks | 30/36 | €1,182 | €1,182 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,419 | €20,299 | +€11,879 | +141% |
| Trade receivables | 40 | €8,419 | €19,000 | +€10,581 | +126% |
| Other amounts receivable | 41 | - | €1,299 | +€1,299 | |
| Cash at bank and in hand | 54/58 | €107,292 | €98,455 | -€8,837 | -8.2% |
| Deferred charges and accrued income | 490/1 | €1,641 | €1,911 | +€270 | +16.5% |
| Total equity and liabilities | 10/49 | €142,051 | €130,173 | -€11,878 | -8.4% |
| Equity | 10/15 | €129,617 | €126,203 | -€3,414 | -2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €109,617 | €106,203 | -€3,414 | -3.1% |
| Distributable reserves | 133 | €109,617 | €106,203 | -€3,414 | -3.1% |
| Amounts payable | 17/49 | €12,434 | €3,970 | -€8,464 | -68.1% |
| Amounts payable within one year | 42/48 | €12,434 | €3,970 | -€8,464 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €8,847 | - | -€8,847 | |
| Trade debts | 44 | €391 | €1,991 | +€1,601 | +410% |
| Suppliers | 440/4 | €391 | €1,991 | +€1,601 | +410% |
| Taxes, remuneration and social security | 45 | €1,716 | - | -€1,716 | |
| Taxes | 450/3 | €1,716 | - | -€1,716 | |
| Other amounts payable | 47/48 | €1,480 | €1,979 | +€499 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,265 | €15,190 | -€75 | -0.5% |
| Other operating charges | 640/8 | €292 | €298 | +€6 | +2.0% |
| Gross operating margin | 9900 | €12,394 | €12,164 | -€230 | -1.9% |
| Operating profit (loss) | 9901 | -€3,164 | -€3,324 | -€161 | -5.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €284 | €89 | -€195 | -68.6% |
| Recurring financial charges | 65 | €284 | €89 | -€195 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,448 | -€3,414 | +€34 | +1.0% |
| Profit (loss) for the period | 9904 | -€3,448 | -€3,414 | +€34 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,448 | -€3,414 | +€34 | +1.0% |
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 28 October 2026 via checked.be.