LFM STUDIOS: what changed
Two fiscal 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.
LFM STUDIOS
Largest movements
- Cash -€25,780
down €25,780 (-25.5%), from €101,204 to €75,424
mainly Other debts (-€98,329) and Debts after one year (-€26,569)
- Tangible fixed assets -€7,194
down €7,194 (-1.4%), from €525,874 to €518,680
of which Land and buildings: -€12,315
- Other debts -€98,329
down €98,329 (-47.2%), from €208,496 to €110,167
- Profit (loss) carried forward +€65,291
up €65,291 (+856.6%), from €7,622 to €72,913
- Debts after one year -€26,569
down €26,569 (-7.6%), from €349,020 to €322,451
- Tax, wage and social debts +€16,083
up €16,083 (+186.3%), from €8,631 to €24,714
- Trade debts +€9,190
up €9,190 (+182.7%), from €5,031 to €14,221
- Gross operating margin +€58,725
up €58,725 (+82.5%), from €71,224 to €129,949
- Taxes +€20,922
up €20,922 (+17778.7%), from €118 to €21,040
- Depreciation +€3,080
up €3,080 (+16.6%), from €18,584 to €21,664
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.
Cash bridge derived
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 | €635,683 | €601,123 | -€34,561 | -5.4% |
| Fixed assets | 21/28 | €525,874 | €518,680 | -€7,194 | -1.4% |
| Tangible fixed assets | 22/27 | €525,874 | €518,680 | -€7,194 | -1.4% |
| Land and buildings | 22 | €454,838 | €442,523 | -€12,315 | -2.7% |
| Plant, machinery and equipment | 23 | €67,884 | €73,706 | +€5,821 | +8.6% |
| Furniture and vehicles | 24 | €3,152 | €2,452 | -€700 | -22.2% |
| Current assets | 29/58 | €109,809 | €82,442 | -€27,367 | -24.9% |
| Stocks and contracts in progress | 3 | €464 | €1,217 | +€753 | +162.4% |
| Stocks | 30/36 | €464 | €1,217 | +€753 | +162.4% |
| Amounts receivable within one year | 40/41 | €5,467 | €4,150 | -€1,317 | -24.1% |
| Trade receivables | 40 | €5,467 | €4,150 | -€1,317 | -24.1% |
| Cash at bank and in hand | 54/58 | €101,204 | €75,424 | -€25,780 | -25.5% |
| Deferred charges and accrued income | 490/1 | €2,674 | €1,651 | -€1,023 | -38.3% |
| Total equity and liabilities | 10/49 | €635,683 | €601,123 | -€34,561 | -5.4% |
| Equity | 10/15 | €39,019 | €103,001 | +€63,982 | +164.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,622 | €72,913 | +€65,291 | +856.6% |
| Investment grants | 15 | €26,397 | €25,088 | -€1,309 | -5.0% |
| Amounts payable | 17/49 | €596,664 | €498,122 | -€98,542 | -16.5% |
| Amounts payable after more than one year | 17 | €349,020 | €322,451 | -€26,569 | -7.6% |
| Financial debts | 170/4 | €349,020 | €322,451 | -€26,569 | -7.6% |
| Amounts payable within one year | 42/48 | €247,644 | €175,671 | -€71,974 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €25,486 | €26,569 | +€1,083 | +4.2% |
| Trade debts | 44 | €5,031 | €14,221 | +€9,190 | +182.7% |
| Suppliers | 440/4 | €5,031 | €14,221 | +€9,190 | +182.7% |
| Taxes, remuneration and social security | 45 | €8,631 | €24,714 | +€16,083 | +186.3% |
| Taxes | 450/3 | €8,631 | €24,714 | +€16,083 | +186.3% |
| Other amounts payable | 47/48 | €208,496 | €110,167 | -€98,329 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,584 | €21,664 | +€3,080 | +16.6% |
| Other operating charges | 640/8 | €360 | €788 | +€429 | +119.1% |
| Gross operating margin | 9900 | €71,224 | €129,949 | +€58,725 | +82.5% |
| Operating profit (loss) | 9901 | €52,280 | €107,497 | +€55,216 | +105.6% |
| Financial income | 75/76B | €1,334 | €1,309 | -€24 | -1.8% |
| Recurring financial income | 75 | €1,334 | €1,309 | -€24 | -1.8% |
| Financial charges | 65/66B | €23,050 | €22,475 | -€575 | -2.5% |
| Recurring financial charges | 65 | €23,050 | €22,475 | -€575 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €30,564 | €86,331 | +€55,767 | +182.5% |
| Income taxes | 67/77 | €118 | €21,040 | +€20,922 | +17778.7% |
| Profit (loss) for the period | 9904 | €30,447 | €65,291 | +€34,845 | +114.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,447 | €65,291 | +€34,845 | +114.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.