L.M. SERVICES: 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. SERVICES
Largest movements
- Deferred charges and accrued income +€25,762
up €25,762 (+631%), from €4,083 to €29,845
- Cash -€15,327
down €15,327 (-11.7%), from €131,202 to €115,875
mainly Deferred charges and accrued income (-€25,762) and Investment in fixed assets (net) (-€22,813)
- Receivables within one year +€7,544
up €7,544 (+35.2%), from €21,462 to €29,006
of which Other amounts receivable: +€8,217
- Profit (loss) carried forward +€26,727
up €26,727 (+19.9%), from €134,141 to €160,868
- Debts after one year -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Trade debts +€3,618
up €3,618 (+142%), from €2,546 to €6,164
- Gross operating margin -€16,378
down €16,378 (-17.7%), from €92,300 to €75,922
- Taxes -€4,669
down €4,669 (-32.4%), from €14,427 to €9,758
- Other operating charges +€3,716
up €3,716 (+28.7%), from €12,926 to €16,642
- Depreciation +€2,383
up €2,383 (+10.7%), from €22,225 to €24,608
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 | €224,670 | €240,904 | +€16,234 | +7.2% |
| Fixed assets | 21/28 | €67,731 | €65,936 | -€1,795 | -2.7% |
| Tangible fixed assets | 22/27 | €67,731 | €65,936 | -€1,795 | -2.7% |
| Land and buildings | 22 | €33,726 | €33,359 | -€367 | -1.1% |
| Furniture and vehicles | 24 | €34,005 | €32,577 | -€1,428 | -4.2% |
| Current assets | 29/58 | €156,939 | €174,968 | +€18,029 | +11.5% |
| Stocks and contracts in progress | 3 | €192 | €242 | +€50 | +26.0% |
| Stocks | 30/36 | €192 | €242 | +€50 | +26.0% |
| Amounts receivable within one year | 40/41 | €21,462 | €29,006 | +€7,544 | +35.2% |
| Trade receivables | 40 | €1,444 | €771 | -€673 | -46.6% |
| Other amounts receivable | 41 | €20,018 | €28,235 | +€8,217 | +41.0% |
| Cash at bank and in hand | 54/58 | €131,202 | €115,875 | -€15,327 | -11.7% |
| Deferred charges and accrued income | 490/1 | €4,083 | €29,845 | +€25,762 | +631% |
| Total equity and liabilities | 10/49 | €224,670 | €240,904 | +€16,234 | +7.2% |
| Equity | 10/15 | €197,865 | €224,592 | +€26,727 | +13.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €23,724 | €23,724 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,724 | €8,724 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,724 | €8,724 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,141 | €160,868 | +€26,727 | +19.9% |
| Amounts payable | 17/49 | €26,805 | €16,312 | -€10,493 | -39.1% |
| Amounts payable after more than one year | 17 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Other amounts payable | 178/9 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Amounts payable within one year | 42/48 | €11,805 | €11,312 | -€493 | -4.2% |
| Trade debts | 44 | €2,546 | €6,164 | +€3,618 | +142% |
| Suppliers | 440/4 | €2,546 | €6,164 | +€3,618 | +142% |
| Taxes, remuneration and social security | 45 | €5,214 | €2,999 | -€2,215 | -42.5% |
| Taxes | 450/3 | €5,214 | €2,999 | -€2,215 | -42.5% |
| Other amounts payable | 47/48 | €4,045 | €2,149 | -€1,896 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,225 | €24,608 | +€2,383 | +10.7% |
| Other operating charges | 640/8 | €12,926 | €16,642 | +€3,716 | +28.7% |
| Gross operating margin | 9900 | €92,300 | €75,922 | -€16,378 | -17.7% |
| Operating profit (loss) | 9901 | €57,149 | €34,672 | -€22,477 | -39.3% |
| Financial income | 75/76B | €1,614 | €1,971 | +€357 | +22.1% |
| Recurring financial income | 75 | €1,614 | €1,971 | +€357 | +22.1% |
| Financial charges | 65/66B | €159 | €158 | -€1 | -0.6% |
| Recurring financial charges | 65 | €159 | €158 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €58,604 | €36,485 | -€22,119 | -37.7% |
| Income taxes | 67/77 | €14,427 | €9,758 | -€4,669 | -32.4% |
| Profit (loss) for the period | 9904 | €44,177 | €26,727 | -€17,450 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,177 | €26,727 | -€17,450 | -39.5% |
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 17 October 2026 via checked.be.