LM ADVICES: 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.
LM ADVICES
Largest movements
- Cash +€135,049
up €135,049 (+187%), from €72,036 to €207,085
- Reserves +€129,805
up €129,805 (+251%), from €51,647 to €181,452
- Tax, wage and social debts +€3,404
up €3,404 (+14.0%), from €24,265 to €27,670
- Gross operating margin +€12,722
up €12,722 (+16.9%), from €75,333 to €88,054
- Taxes +€3,820
up €3,820 (+19.3%), from €19,792 to €23,611
- Financial income +€967
new in 2025: €967
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,035 | €214,242 | +€133,207 | +164% |
| Fixed assets | 21/28 | €797 | €0 | -€797 | -100% |
| Tangible fixed assets | 22/27 | €797 | €0 | -€797 | -100% |
| Furniture and vehicles | 24 | €797 | €0 | -€797 | -100% |
| Current assets | 29/58 | €80,238 | €214,242 | +€134,004 | +167% |
| Amounts receivable within one year | 40/41 | €8,119 | €7,072 | -€1,047 | -12.9% |
| Trade receivables | 40 | €7,959 | €6,221 | -€1,738 | -21.8% |
| Other amounts receivable | 41 | €160 | €851 | +€691 | +433% |
| Cash at bank and in hand | 54/58 | €72,036 | €207,085 | +€135,049 | +187% |
| Deferred charges and accrued income | 490/1 | €84 | €85 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €81,035 | €214,242 | +€133,207 | +164% |
| Equity | 10/15 | €56,647 | €186,452 | +€129,805 | +229% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,647 | €181,452 | +€129,805 | +251% |
| Distributable reserves | 133 | €51,647 | €181,452 | +€129,805 | +251% |
| Amounts payable | 17/49 | €24,387 | €27,790 | +€3,402 | +14.0% |
| Amounts payable within one year | 42/48 | €24,345 | €27,737 | +€3,392 | +13.9% |
| Trade debts | 44 | €80 | €67 | -€13 | -15.9% |
| Suppliers | 440/4 | €80 | €67 | -€13 | -15.9% |
| Taxes, remuneration and social security | 45 | €24,265 | €27,670 | +€3,404 | +14.0% |
| Taxes | 450/3 | €24,265 | €27,670 | +€3,404 | +14.0% |
| Accrued charges and deferred income | 492/3 | €42 | €53 | +€11 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | €1,112 | +€714 | +179% |
| Other operating charges | 640/8 | €300 | €387 | +€88 | +29.3% |
| Gross operating margin | 9900 | €75,333 | €88,054 | +€12,722 | +16.9% |
| Operating profit (loss) | 9901 | €74,635 | €86,555 | +€11,920 | +16.0% |
| Financial income | 75/76B | - | €967 | +€967 | |
| Recurring financial income | 75 | - | €967 | +€967 | |
| Financial charges | 65/66B | €3,196 | €2,486 | -€710 | -22.2% |
| Recurring financial charges | 65 | €3,196 | €2,486 | -€710 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €71,439 | €85,036 | +€13,597 | +19.0% |
| Income taxes | 67/77 | €19,792 | €23,611 | +€3,820 | +19.3% |
| Profit (loss) for the period | 9904 | €51,647 | €61,425 | +€9,777 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,647 | €61,425 | +€9,777 | +18.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.