LFMC: 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.
LFMC
Largest movements
- Tangible fixed assets -€51,786
down €51,786 (-19.4%), from €267,163 to €215,377
of which Land and buildings: -€39,119
- Cash -€8,558
down €8,558 (-48.1%), from €17,794 to €9,236
mainly Net result for the year (-€42,132) and Debts after one year (-€10,964)
- Receivables within one year +€7,343
up €7,343 (+12.5%), from €58,882 to €66,225
of which Other amounts receivable: +€14,375
- Profit (loss) carried forward -€42,132
down €42,132 (-13.4%), from -€313,554 to -€355,686
- Debts after one year -€10,964
down €10,964 (-1.7%), from €638,681 to €627,717
- Financial charges +€4,778
up €4,778 (+19.0%), from €25,101 to €29,879
- Gross operating margin -€3,924
down €3,924 (-8.1%), from €48,190 to €44,265
- Depreciation +€763
up €763 (+1.4%), from €53,625 to €54,388
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 | €351,721 | €297,267 | -€54,454 | -15.5% |
| Fixed assets | 21/28 | €267,163 | €215,377 | -€51,786 | -19.4% |
| Tangible fixed assets | 22/27 | €267,163 | €215,377 | -€51,786 | -19.4% |
| Land and buildings | 22 | €176,849 | €137,730 | -€39,119 | -22.1% |
| Plant, machinery and equipment | 23 | €42,945 | €35,029 | -€7,917 | -18.4% |
| Furniture and vehicles | 24 | €3,233 | €2,188 | -€1,044 | -32.3% |
| Other tangible fixed assets | 26 | €44,136 | €40,430 | -€3,707 | -8.4% |
| Current assets | 29/58 | €84,558 | €81,890 | -€2,668 | -3.2% |
| Amounts receivable within one year | 40/41 | €58,882 | €66,225 | +€7,343 | +12.5% |
| Trade receivables | 40 | €28,257 | €21,225 | -€7,032 | -24.9% |
| Other amounts receivable | 41 | €30,625 | €45,000 | +€14,375 | +46.9% |
| Cash at bank and in hand | 54/58 | €17,794 | €9,236 | -€8,558 | -48.1% |
| Deferred charges and accrued income | 490/1 | €7,882 | €6,429 | -€1,453 | -18.4% |
| Total equity and liabilities | 10/49 | €351,721 | €297,267 | -€54,454 | -15.5% |
| Equity | 10/15 | -€303,628 | -€345,760 | -€42,132 | -13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,726 | €3,726 | = | 0.0% |
| Distributable reserves | 133 | €3,726 | €3,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€313,554 | -€355,686 | -€42,132 | -13.4% |
| Amounts payable | 17/49 | €655,349 | €643,028 | -€12,322 | -1.9% |
| Amounts payable after more than one year | 17 | €638,681 | €627,717 | -€10,964 | -1.7% |
| Financial debts | 170/4 | €638,681 | €627,717 | -€10,964 | -1.7% |
| Amounts payable within one year | 42/48 | €16,669 | €15,311 | -€1,358 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,545 | €10,964 | -€582 | -5.0% |
| Trade debts | 44 | €2,374 | €1,061 | -€1,313 | -55.3% |
| Suppliers | 440/4 | €2,374 | €1,061 | -€1,313 | -55.3% |
| Taxes, remuneration and social security | 45 | €2,627 | €3,029 | +€402 | +15.3% |
| Taxes | 450/3 | €2,627 | €3,029 | +€402 | +15.3% |
| Other amounts payable | 47/48 | €123 | €257 | +€134 | +109.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,625 | €54,388 | +€763 | +1.4% |
| Other operating charges | 640/8 | €1,749 | €2,140 | +€391 | +22.3% |
| Gross operating margin | 9900 | €48,190 | €44,265 | -€3,924 | -8.1% |
| Operating profit (loss) | 9901 | -€7,184 | -€12,262 | -€5,078 | -70.7% |
| Financial income | 75/76B | €1 | €12 | +€11 | +860.5% |
| Recurring financial income | 75 | €1 | €12 | +€11 | +860.5% |
| Financial charges | 65/66B | €25,101 | €29,879 | +€4,778 | +19.0% |
| Recurring financial charges | 65 | €25,101 | €29,879 | +€4,778 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,284 | -€42,129 | -€9,845 | -30.5% |
| Income taxes | 67/77 | €0 | €3 | +€3 | +840.5% |
| Profit (loss) for the period | 9904 | -€32,284 | -€42,132 | -€9,848 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,284 | -€42,132 | -€9,848 | -30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.