LM Confidentiel: what changed
LM Confidentiel
Largest movements
- Current investments +€14,121
up €14,121 (+911,031%), from €2 to €14,123
- Cash -€9,428
down €9,428 (-66.4%), from €14,190 to €4,762
mainly Current investments (-€14,121) and Tax, wage and social debts (-€11,868)
- Receivables within one year -€5,814
down €5,814 (-9.8%), from €59,514 to €53,700
of which Other amounts receivable: -€8,703
- Tangible fixed assets -€5,046
down €5,046 (-3.5%), from €144,166 to €139,119
of which Land and buildings: -€4,636
- Profit (loss) carried forward +€15,305
up €15,305 (+18.3%), from €83,803 to €99,109
- Tax, wage and social debts -€11,868
down €11,868 (-34.0%), from €34,869 to €23,000
of which Remuneration and social security: -€9,441
- Debts after one year -€11,070
down €11,070 (-10.0%), from €110,689 to €99,619
of which Financial debts: -€11,070
- Other debts +€6,980
up €6,980 (+8.7%), from €80,457 to €87,437
- Gross operating margin -€32,622
down €32,622 (-51.4%), from €63,457 to €30,834
- Taxes -€1,502
down €1,502 (-17.7%), from €8,474 to €6,972
- Other operating charges -€1,457
down €1,457 (-51.7%), from €2,820 to €1,363
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,851 | €368,684 | -€6,167 | -1.6% |
| Fixed assets | 21/28 | €301,146 | €296,099 | -€5,046 | -1.7% |
| Tangible fixed assets | 22/27 | €144,166 | €139,119 | -€5,046 | -3.5% |
| Land and buildings | 22 | €142,183 | €137,547 | -€4,636 | -3.3% |
| Plant, machinery and equipment | 23 | €1,983 | €1,573 | -€411 | -20.7% |
| Financial fixed assets | 28 | €156,980 | €156,980 | = | 0.0% |
| Current assets | 29/58 | €73,705 | €72,584 | -€1,121 | -1.5% |
| Amounts receivable within one year | 40/41 | €59,514 | €53,700 | -€5,814 | -9.8% |
| Trade receivables | 40 | €25,810 | €28,700 | +€2,890 | +11.2% |
| Other amounts receivable | 41 | €33,703 | €25,000 | -€8,703 | -25.8% |
| Current investments | 50/53 | €2 | €14,123 | +€14,121 | +911,031% |
| Cash at bank and in hand | 54/58 | €14,190 | €4,762 | -€9,428 | -66.4% |
| Total equity and liabilities | 10/49 | €374,851 | €368,684 | -€6,167 | -1.6% |
| Equity | 10/15 | €122,803 | €138,109 | +€15,305 | +12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €34,000 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,803 | €99,109 | +€15,305 | +18.3% |
| Amounts payable | 17/49 | €252,048 | €230,575 | -€21,473 | -8.5% |
| Amounts payable after more than one year | 17 | €110,689 | €99,619 | -€11,070 | -10.0% |
| Financial debts | 170/4 | €110,489 | €99,419 | -€11,070 | -10.0% |
| Other amounts payable | 178/9 | €200 | €200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €141,359 | €130,956 | -€10,403 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €14,657 | €11,070 | -€3,587 | -24.5% |
| Trade debts | 44 | €11,376 | €9,449 | -€1,927 | -16.9% |
| Suppliers | 440/4 | €11,376 | €9,449 | -€1,927 | -16.9% |
| Taxes, remuneration and social security | 45 | €34,869 | €23,000 | -€11,868 | -34.0% |
| Taxes | 450/3 | €25,428 | €23,000 | -€2,428 | -9.5% |
| Remuneration and social security | 454/9 | €9,441 | - | -€9,441 | |
| Other amounts payable | 47/48 | €80,457 | €87,437 | +€6,980 | +8.7% |
| Non-recurring operating income | 76A | €5,820 | - | -€5,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,914 | €5,046 | +€132 | +2.7% |
| Other operating charges | 640/8 | €2,820 | €1,363 | -€1,457 | -51.7% |
| Non-recurring operating charges | 66A | €16,439 | - | -€16,439 | |
| Gross operating margin | 9900 | €63,457 | €30,834 | -€32,622 | -51.4% |
| Operating profit (loss) | 9901 | €39,284 | €24,425 | -€14,859 | -37.8% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €2,701 | €2,178 | -€523 | -19.4% |
| Recurring financial charges | 65 | €2,701 | €2,178 | -€523 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €36,583 | €22,277 | -€14,306 | -39.1% |
| Income taxes | 67/77 | €8,474 | €6,972 | -€1,502 | -17.7% |
| Profit (loss) for the period | 9904 | €28,109 | €15,305 | -€12,804 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,109 | €15,305 | -€12,804 | -45.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.