LCM Management 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.
LCM Management Services
Largest movements
- Receivables within one year +€35,088
up €35,088 (+206%), from €17,008 to €52,096
of which Other amounts receivable: +€37,629
- Receivables after one year +€13,250
up €13,250 (+15.5%), from €85,500 to €98,750
- Cash -€3,693
no longer reported in 2025 (was €3,693)
mainly Receivables within one year (-€35,088) and Tax, wage and social debts (-€16,003)
- Deferred charges and accrued income -€2,740
down €2,740 (-50.6%), from €5,409 to €2,670
- Reserves +€36,757
up €36,757 (+62.5%), from €58,824 to €95,581
- Short-term financial debts +€18,173
up €18,173 (+15,614%), from €116 to €18,289
- Tax, wage and social debts -€16,003
down €16,003 (-37.8%), from €42,388 to €26,385
- Trade debts +€5,710
up €5,710 (+428%), from €1,333 to €7,042
- Other debts -€3,723
no longer reported in 2025 (was €3,723)
- Gross operating margin -€22,583
down €22,583 (-28.8%), from €78,462 to €55,880
- Taxes -€5,006
down €5,006 (-22.6%), from €22,119 to €17,112
- Financial income +€1,636
up €1,636 (+88.1%), from €1,857 to €3,494
- Financial charges +€1,065
up €1,065 (+29.8%), from €3,573 to €4,638
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 | €111,717 | €154,298 | +€42,581 | +38.1% |
| Fixed assets | 21/28 | €107 | €783 | +€676 | +631% |
| Tangible fixed assets | 22/27 | €67 | €743 | +€676 | +1,008% |
| Furniture and vehicles | 24 | €67 | €743 | +€676 | +1,008% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €111,610 | €153,515 | +€41,905 | +37.5% |
| Amounts receivable after more than one year | 29 | €85,500 | €98,750 | +€13,250 | +15.5% |
| Trade receivables | 290 | €85,500 | €98,750 | +€13,250 | +15.5% |
| Amounts receivable within one year | 40/41 | €17,008 | €52,096 | +€35,088 | +206% |
| Trade receivables | 40 | €16,940 | €14,399 | -€2,541 | -15.0% |
| Other amounts receivable | 41 | €68 | €37,697 | +€37,629 | +55,061% |
| Cash at bank and in hand | 54/58 | €3,693 | - | -€3,693 | |
| Deferred charges and accrued income | 490/1 | €5,409 | €2,670 | -€2,740 | -50.6% |
| Total equity and liabilities | 10/49 | €111,717 | €154,298 | +€42,581 | +38.1% |
| Equity | 10/15 | €61,824 | €98,581 | +€36,757 | +59.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,824 | €95,581 | +€36,757 | +62.5% |
| Distributable reserves | 133 | €58,824 | €95,581 | +€36,757 | +62.5% |
| Amounts payable | 17/49 | €49,894 | €55,717 | +€5,823 | +11.7% |
| Amounts payable within one year | 42/48 | €49,894 | €55,717 | +€5,823 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €2,333 | €4,000 | +€1,667 | +71.4% |
| Financial debts | 43 | €116 | €18,289 | +€18,173 | +15,614% |
| Credit institutions | 430/8 | €116 | €18,289 | +€18,173 | +15,614% |
| Trade debts | 44 | €1,333 | €7,042 | +€5,710 | +428% |
| Suppliers | 440/4 | €1,333 | €7,042 | +€5,710 | +428% |
| Taxes, remuneration and social security | 45 | €42,388 | €26,385 | -€16,003 | -37.8% |
| Taxes | 450/3 | €42,388 | €26,385 | -€16,003 | -37.8% |
| Other amounts payable | 47/48 | €3,723 | - | -€3,723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99 | €106 | +€7 | +7.5% |
| Other operating charges | 640/8 | €830 | €759 | -€71 | -8.5% |
| Gross operating margin | 9900 | €78,462 | €55,880 | -€22,583 | -28.8% |
| Operating profit (loss) | 9901 | €77,534 | €55,014 | -€22,519 | -29.0% |
| Financial income | 75/76B | €1,857 | €3,494 | +€1,636 | +88.1% |
| Recurring financial income | 75 | €1,857 | €3,494 | +€1,636 | +88.1% |
| Financial charges | 65/66B | €3,573 | €4,638 | +€1,065 | +29.8% |
| Recurring financial charges | 65 | €3,573 | €4,638 | +€1,065 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €75,818 | €53,870 | -€21,948 | -28.9% |
| Income taxes | 67/77 | €22,119 | €17,112 | -€5,006 | -22.6% |
| Profit (loss) for the period | 9904 | €53,700 | €36,757 | -€16,942 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,700 | €36,757 | -€16,942 | -31.5% |
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 24 October 2026 via checked.be.