L.M. & Partners: 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. & Partners
Largest movements
- Tangible fixed assets -€23,949
down €23,949 (-43.9%), from €54,520 to €30,571
of which Furniture and vehicles: -€20,218
- Debts after one year -€11,778
down €11,778 (-55.2%), from €21,350 to €9,572
- Profit (loss) carried forward -€9,622
down €9,622 (-39.4%), from -€24,407 to -€34,029
- Current portion of long-term debt -€6,743
down €6,743 (-36.4%), from €18,521 to €11,778
- Trade debts -€5,595
down €5,595 (-10.0%), from €55,838 to €50,243
- Gross operating margin +€6,063
up €6,063 (+24.0%), from €25,253 to €31,316
- Staff costs -€2,745
down €2,745 (-17.7%), from €15,516 to €12,770
- Taxes +€1,260
up €1,260 (+150%), from €840 to €2,100
- Depreciation -€594
down €594 (-2.4%), from €24,543 to €23,949
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 | €413,255 | €386,402 | -€26,853 | -6.5% |
| Fixed assets | 21/28 | €54,520 | €30,571 | -€23,949 | -43.9% |
| Tangible fixed assets | 22/27 | €54,520 | €30,571 | -€23,949 | -43.9% |
| Land and buildings | 22 | €9,469 | €6,844 | -€2,625 | -27.7% |
| Plant, machinery and equipment | 23 | €3,003 | €1,898 | -€1,105 | -36.8% |
| Furniture and vehicles | 24 | €42,048 | €21,829 | -€20,218 | -48.1% |
| Current assets | 29/58 | €358,735 | €355,831 | -€2,904 | -0.8% |
| Amounts receivable within one year | 40/41 | €9,646 | €5,536 | -€4,110 | -42.6% |
| Trade receivables | 40 | €9,646 | €5,475 | -€4,171 | -43.2% |
| Other amounts receivable | 41 | - | €61 | +€61 | |
| Cash at bank and in hand | 54/58 | €347,574 | €349,526 | +€1,952 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,515 | €769 | -€746 | -49.2% |
| Total equity and liabilities | 10/49 | €413,255 | €386,402 | -€26,853 | -6.5% |
| Equity | 10/15 | €218,069 | €208,447 | -€9,622 | -4.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €212,476 | €212,476 | = | 0.0% |
| Distributable reserves | 133 | €212,476 | €212,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,407 | -€34,029 | -€9,622 | -39.4% |
| Amounts payable | 17/49 | €195,185 | €177,955 | -€17,231 | -8.8% |
| Amounts payable after more than one year | 17 | €21,350 | €9,572 | -€11,778 | -55.2% |
| Financial debts | 170/4 | €21,350 | €9,572 | -€11,778 | -55.2% |
| Amounts payable within one year | 42/48 | €173,835 | €168,383 | -€5,452 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €18,521 | €11,778 | -€6,743 | -36.4% |
| Trade debts | 44 | €55,838 | €50,243 | -€5,595 | -10.0% |
| Suppliers | 440/4 | €55,838 | €50,243 | -€5,595 | -10.0% |
| Taxes, remuneration and social security | 45 | €117 | €3,200 | +€3,083 | +2,636% |
| Taxes | 450/3 | €117 | €3,200 | +€3,083 | +2,636% |
| Other amounts payable | 47/48 | €99,360 | €103,162 | +€3,803 | +3.8% |
| Remuneration, social security and pensions | 62 | €15,516 | €12,770 | -€2,745 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,543 | €23,949 | -€594 | -2.4% |
| Other operating charges | 640/8 | €1,444 | €1,348 | -€96 | -6.7% |
| Gross operating margin | 9900 | €25,253 | €31,316 | +€6,063 | +24.0% |
| Operating profit (loss) | 9901 | -€16,250 | -€6,751 | +€9,499 | +58.5% |
| Financial income | 75/76B | €622 | €448 | -€174 | -27.9% |
| Recurring financial income | 75 | €622 | €448 | -€174 | -27.9% |
| Financial charges | 65/66B | €1,464 | €1,219 | -€245 | -16.7% |
| Recurring financial charges | 65 | €1,464 | €1,219 | -€245 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,093 | -€7,522 | +€9,571 | +56.0% |
| Income taxes | 67/77 | €840 | €2,100 | +€1,260 | +150% |
| Profit (loss) for the period | 9904 | -€17,933 | -€9,622 | +€8,310 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,933 | -€9,622 | +€8,310 | +46.3% |
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 29 October 2026 via checked.be.