L & M THONON: 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 THONON
Largest movements
- Receivables within one year -€49,317
down €49,317 (-19.6%), from €252,128 to €202,811
of which Trade receivables: -€58,861
- Tangible fixed assets -€18,884
down €18,884 (-5.4%), from €350,697 to €331,813
of which Furniture and vehicles: -€18,884
- Cash +€8,808
up €8,808 (+1,805%), from €488 to €9,296
mainly Other debts (+€97,674) and Receivables within one year (+€49,317)
- Advances received -€141,000
down €141,000 (-100%), from €141,000 to €0
- Other debts +€97,674
up €97,674 (+52.5%), from €185,919 to €283,593
- Tax, wage and social debts -€30,078
down €30,078 (-98.1%), from €30,667 to €589
of which Remuneration and social security: -€26,213
- Profit (loss) carried forward +€28,821
up €28,821 (+15.3%), from -€188,922 to -€160,100
- Current portion of long-term debt -€13,264
down €13,264 (-82.9%), from €15,998 to €2,734
- Staff costs -€164,331
down €164,331 (-66.9%), from €245,561 to €81,230
- Gross operating margin -€17,140
down €17,140 (-10.7%), from €159,685 to €142,545
- Other operating charges +€12,114
up €12,114 (+2,000%), from €606 to €12,720
- Depreciation +€2,265
up €2,265 (+13.6%), from €16,620 to €18,884
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 | €604,607 | €545,358 | -€59,249 | -9.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €350,697 | €331,813 | -€18,884 | -5.4% |
| Tangible fixed assets | 22/27 | €350,697 | €331,813 | -€18,884 | -5.4% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €50,697 | €31,813 | -€18,884 | -37.2% |
| Other tangible fixed assets | 26 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €253,910 | €213,546 | -€40,365 | -15.9% |
| Amounts receivable within one year | 40/41 | €252,128 | €202,811 | -€49,317 | -19.6% |
| Trade receivables | 40 | €239,615 | €180,754 | -€58,861 | -24.6% |
| Other amounts receivable | 41 | €12,513 | €22,057 | +€9,544 | +76.3% |
| Cash at bank and in hand | 54/58 | €488 | €9,296 | +€8,808 | +1,805% |
| Deferred charges and accrued income | 490/1 | €1,295 | €1,439 | +€144 | +11.1% |
| Total equity and liabilities | 10/49 | €604,607 | €545,358 | -€59,249 | -9.8% |
| Equity | 10/15 | €196,955 | €225,777 | +€28,821 | +14.6% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | - | -€375,000 | |
| Issued capital | 100 | €375,000 | - | -€375,000 | |
| Reserves | 13 | €10,877 | €10,877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,877 | €10,877 | = | 0.0% |
| Legal reserve | 130 | €10,877 | - | -€10,877 | |
| Reserves not available under the articles | 1311 | - | €10,877 | +€10,877 | |
| Profit (loss) carried forward | 14 | -€188,922 | -€160,100 | +€28,821 | +15.3% |
| Amounts payable | 17/49 | €407,652 | €319,581 | -€88,070 | -21.6% |
| Amounts payable after more than one year | 17 | €2,734 | €0 | -€2,734 | -100% |
| Financial debts | 170/4 | €2,734 | €0 | -€2,734 | -100% |
| Amounts payable within one year | 42/48 | €404,918 | €319,581 | -€85,336 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €15,998 | €2,734 | -€13,264 | -82.9% |
| Trade debts | 44 | €31,334 | €32,665 | +€1,332 | +4.2% |
| Suppliers | 440/4 | €31,334 | €32,665 | +€1,332 | +4.2% |
| Advances received on contracts in progress | 46 | €141,000 | €0 | -€141,000 | -100% |
| Taxes, remuneration and social security | 45 | €30,667 | €589 | -€30,078 | -98.1% |
| Taxes | 450/3 | €4,453 | €589 | -€3,864 | -86.8% |
| Remuneration and social security | 454/9 | €26,213 | €0 | -€26,213 | -100% |
| Other amounts payable | 47/48 | €185,919 | €283,593 | +€97,674 | +52.5% |
| Remuneration, social security and pensions | 62 | €245,561 | €81,230 | -€164,331 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,620 | €18,884 | +€2,265 | +13.6% |
| Other operating charges | 640/8 | €606 | €12,720 | +€12,114 | +2,000% |
| Gross operating margin | 9900 | €159,685 | €142,545 | -€17,140 | -10.7% |
| Operating profit (loss) | 9901 | -€103,101 | €29,711 | +€132,812 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,583 | €704 | -€879 | -55.5% |
| Recurring financial charges | 65 | €1,583 | €704 | -€879 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€104,684 | €29,007 | +€133,691 | |
| Income taxes | 67/77 | €739 | €186 | -€553 | -74.8% |
| Profit (loss) for the period | 9904 | -€105,423 | €28,821 | +€134,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,423 | €28,821 | +€134,244 |
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.