L.M.S. IMMO.: 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. IMMO.
Largest movements
- Cash +€25,511
up €25,511 (+76.1%), from €33,543 to €59,055
mainly Net result for the year (+€17,742) and Investment in fixed assets (net) (+€8,408)
- Tangible fixed assets -€9,408
down €9,408 (-38.8%), from €24,254 to €14,846
- Profit (loss) carried forward +€17,742
up €17,742 (+39.3%), from -€45,101 to -€27,359
- Trade debts -€1,568
down €1,568 (-54.7%), from €2,868 to €1,300
- Gross operating margin +€15,626
up €15,626 (+251%), from €6,213 to €21,839
- Depreciation -€5,581
down €5,581 (-84.8%), from €6,581 to €1,000
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 | €60,204 | €76,378 | +€16,173 | +26.9% |
| Fixed assets | 21/28 | €24,254 | €14,846 | -€9,408 | -38.8% |
| Tangible fixed assets | 22/27 | €24,254 | €14,846 | -€9,408 | -38.8% |
| Land and buildings | 22 | €24,254 | €14,846 | -€9,408 | -38.8% |
| Current assets | 29/58 | €35,950 | €61,532 | +€25,582 | +71.2% |
| Cash at bank and in hand | 54/58 | €33,543 | €59,055 | +€25,511 | +76.1% |
| Deferred charges and accrued income | 490/1 | €2,407 | €2,477 | +€70 | +2.9% |
| Total equity and liabilities | 10/49 | €60,204 | €76,378 | +€16,173 | +26.9% |
| Equity | 10/15 | -€24,641 | -€6,899 | +€17,742 | +72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,101 | -€27,359 | +€17,742 | +39.3% |
| Amounts payable | 17/49 | €84,845 | €83,277 | -€1,568 | -1.8% |
| Amounts payable within one year | 42/48 | €84,845 | €83,277 | -€1,568 | -1.8% |
| Trade debts | 44 | €2,868 | €1,300 | -€1,568 | -54.7% |
| Suppliers | 440/4 | €2,868 | €1,300 | -€1,568 | -54.7% |
| Other amounts payable | 47/48 | €81,977 | €81,977 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €1,000 | -€5,581 | -84.8% |
| Other operating charges | 640/8 | €2,882 | €2,971 | +€89 | +3.1% |
| Gross operating margin | 9900 | €6,213 | €21,839 | +€15,626 | +251% |
| Operating profit (loss) | 9901 | -€3,250 | €17,868 | +€21,118 | |
| Financial charges | 65/66B | €51 | €126 | +€75 | +147% |
| Recurring financial charges | 65 | €51 | €126 | +€75 | +147% |
| Profit (loss) for the period before taxes | 9903 | -€3,301 | €17,742 | +€21,043 | |
| Profit (loss) for the period | 9904 | -€3,301 | €17,742 | +€21,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,301 | €17,742 | +€21,043 |
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 30 October 2026 via checked.be.