LM-CAD: 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-CAD
Largest movements
- Tangible fixed assets -€3,066
down €3,066 (-38.8%), from €7,907 to €4,841
- Cash +€2,680
up €2,680 (+103%), from €2,606 to €5,286
mainly Net result for the year (+€4,454) and Tax, wage and social debts (+€3,200)
- Deferred charges and accrued income +€622
up €622 (+55.0%), from €1,131 to €1,753
- Receivables within one year +€308
up €308 (+2.1%), from €14,663 to €14,971
of which Trade receivables: +€515
- Short-term financial debts -€5,872
no longer reported in 2025 (was €5,872)
- Profit (loss) carried forward +€4,454
up €4,454 (+100%), from €4,441 to €8,895
- Tax, wage and social debts +€3,200
up €3,200 (+32.4%), from €9,890 to €13,089
- Trade debts -€1,238
down €1,238 (-39.9%), from €3,105 to €1,866
- Gross operating margin +€12,741
up €12,741, from -€1,497 to €11,245
- Depreciation +€1,788
up €1,788 (+140%), from €1,278 to €3,066
- Other operating charges -€1,306
down €1,306 (-45.1%), from €2,893 to €1,587
- Taxes +€1,036
up €1,036 (+137%), from €758 to €1,794
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 | €26,307 | €26,851 | +€544 | +2.1% |
| Fixed assets | 21/28 | €7,907 | €4,841 | -€3,066 | -38.8% |
| Tangible fixed assets | 22/27 | €7,907 | €4,841 | -€3,066 | -38.8% |
| Furniture and vehicles | 24 | €7,907 | €4,841 | -€3,066 | -38.8% |
| Current assets | 29/58 | €18,400 | €22,010 | +€3,610 | +19.6% |
| Amounts receivable within one year | 40/41 | €14,663 | €14,971 | +€308 | +2.1% |
| Trade receivables | 40 | €14,455 | €14,971 | +€515 | +3.6% |
| Other amounts receivable | 41 | €207 | - | -€207 | |
| Cash at bank and in hand | 54/58 | €2,606 | €5,286 | +€2,680 | +103% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,753 | +€622 | +55.0% |
| Total equity and liabilities | 10/49 | €26,307 | €26,851 | +€544 | +2.1% |
| Equity | 10/15 | €7,441 | €11,895 | +€4,454 | +59.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,441 | €8,895 | +€4,454 | +100% |
| Amounts payable | 17/49 | €18,866 | €14,956 | -€3,911 | -20.7% |
| Amounts payable within one year | 42/48 | €18,866 | €14,956 | -€3,911 | -20.7% |
| Financial debts | 43 | €5,872 | - | -€5,872 | |
| Other loans | 439 | €5,872 | - | -€5,872 | |
| Trade debts | 44 | €3,105 | €1,866 | -€1,238 | -39.9% |
| Suppliers | 440/4 | €3,105 | €1,866 | -€1,238 | -39.9% |
| Taxes, remuneration and social security | 45 | €9,890 | €13,089 | +€3,200 | +32.4% |
| Taxes | 450/3 | €9,890 | €13,089 | +€3,200 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278 | €3,066 | +€1,788 | +140% |
| Other operating charges | 640/8 | €2,893 | €1,587 | -€1,306 | -45.1% |
| Gross operating margin | 9900 | -€1,497 | €11,245 | +€12,741 | |
| Operating profit (loss) | 9901 | -€5,668 | €6,591 | +€12,259 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €258 | €343 | +€85 | +33.1% |
| Recurring financial charges | 65 | €258 | €343 | +€85 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,926 | €6,248 | +€12,174 | |
| Income taxes | 67/77 | €758 | €1,794 | +€1,036 | +137% |
| Profit (loss) for the period | 9904 | -€6,684 | €4,454 | +€11,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,684 | €4,454 | +€11,138 |
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 19 October 2026 via checked.be.