LM ESTATE: 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 ESTATE
Largest movements
- Tangible fixed assets +€13,178
up €13,178 (+14.4%), from €91,618 to €104,796
- Cash -€1,893
down €1,893 (-99.1%), from €1,911 to €18
mainly Investment in fixed assets (net) (-€23,709) and Debts after one year (-€4,253)
- Other debts +€16,912
up €16,912 (+60.5%), from €27,949 to €44,861
- Debts after one year -€4,253
down €4,253 (-5.8%), from €73,434 to €69,181
- Profit (loss) carried forward -€1,937
down €1,937 (-11.0%), from -€17,586 to -€19,523
- Trade debts +€1,370
up €1,370 (+1,481%), from €93 to €1,462
- Depreciation -€9,412
down €9,412 (-47.2%), from €19,943 to €10,531
- Gross operating margin +€8,031
up €8,031 (+160%), from €5,014 to €13,044
- Financial charges +€952
up €952 (+44.7%), from €2,131 to €3,084
- Other operating charges +€842
up €842 (+160%), from €525 to €1,367
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,528 | €105,813 | +€12,285 | +13.1% |
| Fixed assets | 21/28 | €91,618 | €104,796 | +€13,178 | +14.4% |
| Tangible fixed assets | 22/27 | €91,618 | €104,796 | +€13,178 | +14.4% |
| Land and buildings | 22 | €91,618 | €104,796 | +€13,178 | +14.4% |
| Current assets | 29/58 | €1,911 | €1,018 | -€893 | -46.7% |
| Cash at bank and in hand | 54/58 | €1,911 | €18 | -€1,893 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €93,528 | €105,813 | +€12,285 | +13.1% |
| Equity | 10/15 | -€12,586 | -€14,523 | -€1,937 | -15.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,586 | -€19,523 | -€1,937 | -11.0% |
| Provisions and deferred taxes | 16 | €550 | €550 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €550 | €550 | = | 0.0% |
| Other liabilities and charges | 164/5 | €550 | €550 | = | 0.0% |
| Amounts payable | 17/49 | €105,564 | €119,786 | +€14,222 | +13.5% |
| Amounts payable after more than one year | 17 | €73,434 | €69,181 | -€4,253 | -5.8% |
| Financial debts | 170/4 | €73,434 | €69,181 | -€4,253 | -5.8% |
| Amounts payable within one year | 42/48 | €32,130 | €50,605 | +€18,475 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €4,088 | €4,253 | +€165 | +4.0% |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €93 | €1,462 | +€1,370 | +1,481% |
| Suppliers | 440/4 | €93 | €1,462 | +€1,370 | +1,481% |
| Other amounts payable | 47/48 | €27,949 | €44,861 | +€16,912 | +60.5% |
| Non-recurring operating income | 76A | - | €4,109 | +€4,109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,943 | €10,531 | -€9,412 | -47.2% |
| Other operating charges | 640/8 | €525 | €1,367 | +€842 | +160% |
| Gross operating margin | 9900 | €5,014 | €13,044 | +€8,031 | +160% |
| Operating profit (loss) | 9901 | -€15,454 | €1,146 | +€16,601 | |
| Financial charges | 65/66B | €2,131 | €3,084 | +€952 | +44.7% |
| Recurring financial charges | 65 | €2,131 | €3,084 | +€952 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,586 | -€1,937 | +€15,648 | +89.0% |
| Profit (loss) for the period | 9904 | -€17,586 | -€1,937 | +€15,648 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,586 | -€1,937 | +€15,648 | +89.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.