L.M.S.: 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.S.
Largest movements
- Tangible fixed assets -€8,900
down €8,900 (-31.8%), from €28,014 to €19,115
- Cash +€2,275
up €2,275 (+9.8%), from €23,103 to €25,378
mainly Depreciation (+€8,900) and Receivables within one year (+€1,644)
- Receivables within one year -€1,644
down €1,644 (-57.1%), from €2,880 to €1,235
- Other debts -€8,921
no longer reported in 2025 (was €8,921)
- Profit (loss) carried forward +€689
up €689 (+1.3%), from €51,618 to €52,307
- Turnover -€54,958
no longer reported in 2025 (was €54,958)
- Purchases and services -€48,950
no longer reported in 2025 (was €48,950)
- Gross operating margin +€5,206
up €5,206 (+86.6%), from €6,008 to €11,214
- Depreciation +€3,405
up €3,405 (+62.0%), from €5,495 to €8,900
- Taxes +€861
new in 2025: €861
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 | €63,535 | €55,282 | -€8,254 | -13.0% |
| Fixed assets | 21/28 | €37,012 | €28,113 | -€8,900 | -24.0% |
| Intangible fixed assets | 21 | €8,998 | €8,998 | = | 0.0% |
| Tangible fixed assets | 22/27 | €28,014 | €19,115 | -€8,900 | -31.8% |
| Furniture and vehicles | 24 | €28,014 | €19,115 | -€8,900 | -31.8% |
| Current assets | 29/58 | €26,523 | €27,169 | +€646 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,880 | €1,235 | -€1,644 | -57.1% |
| Other amounts receivable | 41 | €2,880 | €1,235 | -€1,644 | -57.1% |
| Cash at bank and in hand | 54/58 | €23,103 | €25,378 | +€2,275 | +9.8% |
| Deferred charges and accrued income | 490/1 | €540 | €556 | +€16 | +2.9% |
| Total equity and liabilities | 10/49 | €63,535 | €55,282 | -€8,254 | -13.0% |
| Equity | 10/15 | €53,501 | €54,191 | +€689 | +1.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €883 | €883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €883 | €883 | = | 0.0% |
| Reserves not available under the articles | 1311 | €883 | €883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,618 | €52,307 | +€689 | +1.3% |
| Amounts payable | 17/49 | €10,034 | €1,091 | -€8,943 | -89.1% |
| Amounts payable within one year | 42/48 | €10,034 | €1,091 | -€8,943 | -89.1% |
| Trade debts | 44 | - | €91 | +€91 | |
| Suppliers | 440/4 | - | €91 | +€91 | |
| Taxes, remuneration and social security | 45 | €1,113 | €1,000 | -€113 | -10.2% |
| Taxes | 450/3 | €113 | - | -€113 | |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €8,921 | - | -€8,921 | |
| Turnover | 70 | €54,958 | - | -€54,958 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,950 | - | -€48,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,495 | €8,900 | +€3,405 | +62.0% |
| Other operating charges | 640/8 | - | €614 | +€614 | |
| Gross operating margin | 9900 | €6,008 | €11,214 | +€5,206 | +86.6% |
| Operating profit (loss) | 9901 | €514 | €1,700 | +€1,186 | +231.0% |
| Financial charges | 65/66B | €137 | €150 | +€13 | +9.6% |
| Recurring financial charges | 65 | €137 | €150 | +€13 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €377 | €1,550 | +€1,173 | +311.3% |
| Income taxes | 67/77 | - | €861 | +€861 | |
| Profit (loss) for the period | 9904 | €377 | €689 | +€313 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €377 | €689 | +€313 | +82.9% |
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 10 October 2026 via checked.be.