LM BOIS: 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 BOIS
Largest movements
- Cash +€41,115
up €41,115 (+32.8%), from €125,500 to €166,616
mainly Net result for the year (+€33,861) and Depreciation (+€29,436)
- Receivables within one year -€15,445
down €15,445 (-89.4%), from €17,281 to €1,836
of which Trade receivables: -€8,954
- Intangible fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Stocks and contracts -€7,749
down €7,749 (-82.3%), from €9,415 to €1,666
- Tangible fixed assets +€3,503
up €3,503 (+5.4%), from €64,834 to €68,338
of which Plant, machinery and equipment: +€12,926
- Reserves +€33,860
up €33,860 (+72.6%), from €46,610 to €80,470
of which Distributable reserves: +€33,860
- Trade debts -€18,579
down €18,579 (-81.0%), from €22,933 to €4,354
- Debts after one year -€9,037
down €9,037 (-68.4%), from €13,212 to €4,175
- Other debts +€3,033
up €3,033 (+56.4%), from €5,382 to €8,414
- Gross operating margin +€38,504
up €38,504 (+66.8%), from €57,655 to €96,159
- Staff costs +€12,821
up €12,821, from -€3 to €12,818
- Taxes +€7,213
up €7,213 (+103%), from €6,986 to €14,199
- Other operating charges +€4,508
up €4,508 (+667%), from €675 to €5,183
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 | €228,238 | €239,869 | +€11,631 | +5.1% |
| Fixed assets | 21/28 | €75,009 | €68,513 | -€6,497 | -8.7% |
| Intangible fixed assets | 21 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €64,834 | €68,338 | +€3,503 | +5.4% |
| Plant, machinery and equipment | 23 | €42,152 | €55,077 | +€12,926 | +30.7% |
| Furniture and vehicles | 24 | €22,683 | €13,260 | -€9,422 | -41.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €153,229 | €171,356 | +€18,128 | +11.8% |
| Stocks and contracts in progress | 3 | €9,415 | €1,666 | -€7,749 | -82.3% |
| Stocks | 30/36 | €9,415 | €1,666 | -€7,749 | -82.3% |
| Amounts receivable within one year | 40/41 | €17,281 | €1,836 | -€15,445 | -89.4% |
| Trade receivables | 40 | €10,489 | €1,535 | -€8,954 | -85.4% |
| Other amounts receivable | 41 | €6,792 | €301 | -€6,491 | -95.6% |
| Cash at bank and in hand | 54/58 | €125,500 | €166,616 | +€41,115 | +32.8% |
| Deferred charges and accrued income | 490/1 | €1,032 | €1,238 | +€206 | +20.0% |
| Total equity and liabilities | 10/49 | €228,238 | €239,869 | +€11,631 | +5.1% |
| Equity | 10/15 | €168,396 | €202,257 | +€33,861 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,610 | €80,470 | +€33,860 | +72.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,750 | €78,610 | +€33,860 | +75.7% |
| Profit (loss) carried forward | 14 | €103,186 | €103,187 | +€1 | 0.0% |
| Amounts payable | 17/49 | €59,842 | €37,612 | -€22,230 | -37.1% |
| Amounts payable after more than one year | 17 | €13,212 | €4,175 | -€9,037 | -68.4% |
| Financial debts | 170/4 | €13,212 | €4,175 | -€9,037 | -68.4% |
| Amounts payable within one year | 42/48 | €46,631 | €31,167 | -€15,464 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €8,797 | €9,037 | +€240 | +2.7% |
| Trade debts | 44 | €22,933 | €4,354 | -€18,579 | -81.0% |
| Suppliers | 440/4 | €22,933 | €4,354 | -€18,579 | -81.0% |
| Taxes, remuneration and social security | 45 | €9,519 | €9,362 | -€158 | -1.7% |
| Taxes | 450/3 | €3,519 | €1,362 | -€2,158 | -61.3% |
| Remuneration and social security | 454/9 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Other amounts payable | 47/48 | €5,382 | €8,414 | +€3,033 | +56.4% |
| Accrued charges and deferred income | 492/3 | - | €2,270 | +€2,270 | |
| Remuneration, social security and pensions | 62 | -€3 | €12,818 | +€12,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,299 | €29,436 | -€863 | -2.8% |
| Other operating charges | 640/8 | €675 | €5,183 | +€4,508 | +667% |
| Gross operating margin | 9900 | €57,655 | €96,159 | +€38,504 | +66.8% |
| Operating profit (loss) | 9901 | €26,684 | €48,723 | +€22,038 | +82.6% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €944 | €663 | -€282 | -29.8% |
| Recurring financial charges | 65 | €944 | €663 | -€282 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €25,745 | €48,060 | +€22,315 | +86.7% |
| Income taxes | 67/77 | €6,986 | €14,199 | +€7,213 | +103% |
| Profit (loss) for the period | 9904 | €18,759 | €33,861 | +€15,102 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,759 | €33,861 | +€15,102 | +80.5% |
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 26 October 2026 via checked.be.