L.S.M.C.: 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.S.M.C.
Largest movements
- Cash +€49,330
up €49,330 (+142%), from €34,752 to €84,082
mainly Net result for the year (+€58,848) and Tax, wage and social debts (+€1,008)
- Receivables within one year +€8,524
up €8,524 (+30.4%), from €28,000 to €36,524
of which Trade receivables: +€8,443
- Reserves +€58,848
up €58,848 (+133%), from €44,194 to €103,041
- Trade debts -€2,002
down €2,002 (-96.8%), from €2,069 to €67
- Gross operating margin +€15,933
up €15,933 (+26.7%), from €59,727 to €75,660
- Taxes +€5,262
up €5,262 (+46.0%), from €11,442 to €16,704
- Depreciation -€4,011
no longer reported in 2025 (was €4,011)
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 | €63,112 | €120,966 | +€57,854 | +91.7% |
| Current assets | 29/58 | €63,112 | €120,966 | +€57,854 | +91.7% |
| Amounts receivable within one year | 40/41 | €28,000 | €36,524 | +€8,524 | +30.4% |
| Trade receivables | 40 | €28,000 | €36,443 | +€8,443 | +30.2% |
| Other amounts receivable | 41 | - | €81 | +€81 | |
| Cash at bank and in hand | 54/58 | €34,752 | €84,082 | +€49,330 | +142% |
| Deferred charges and accrued income | 490/1 | €361 | €361 | = | 0.0% |
| Total equity and liabilities | 10/49 | €63,112 | €120,966 | +€57,854 | +91.7% |
| Equity | 10/15 | €49,194 | €108,041 | +€58,848 | +120% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,194 | €103,041 | +€58,848 | +133% |
| Distributable reserves | 133 | €44,194 | €103,041 | +€58,848 | +133% |
| Amounts payable | 17/49 | €13,918 | €12,925 | -€993 | -7.1% |
| Amounts payable within one year | 42/48 | €11,918 | €10,925 | -€993 | -8.3% |
| Trade debts | 44 | €2,069 | €67 | -€2,002 | -96.8% |
| Suppliers | 440/4 | €2,069 | €67 | -€2,002 | -96.8% |
| Taxes, remuneration and social security | 45 | €9,850 | €10,858 | +€1,008 | +10.2% |
| Taxes | 450/3 | €9,850 | €10,858 | +€1,008 | +10.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,011 | - | -€4,011 | |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €59,727 | €75,660 | +€15,933 | +26.7% |
| Operating profit (loss) | 9901 | €55,716 | €75,598 | +€19,882 | +35.7% |
| Financial income | 75/76B | €125 | €38 | -€87 | -69.5% |
| Recurring financial income | 75 | €125 | €38 | -€87 | -69.5% |
| Financial charges | 65/66B | €205 | €85 | -€120 | -58.5% |
| Recurring financial charges | 65 | €205 | €85 | -€120 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €55,636 | €75,551 | +€19,915 | +35.8% |
| Income taxes | 67/77 | €11,442 | €16,704 | +€5,262 | +46.0% |
| Profit (loss) for the period | 9904 | €44,194 | €58,848 | +€14,654 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,194 | €58,848 | +€14,654 | +33.2% |
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 24 October 2026 via checked.be.