LM Finance: 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 Finance
Largest movements
- Cash -€44,807
down €44,807 (-82.3%), from €54,472 to €9,666
mainly Contributions, distributions and other (-€29,412) and Net result for the year (-€20,636)
- Tangible fixed assets -€14,865
down €14,865 (-38.3%), from €38,831 to €23,966
of which Furniture and vehicles: -€14,418
- Receivables within one year +€8,254
up €8,254 (+1,411%), from €585 to €8,839
of which Other amounts receivable: +€8,727
- Reserves -€50,048
down €50,048 (-58.2%), from €85,963 to €35,914
- Tax, wage and social debts -€3,727
down €3,727 (-95.5%), from €3,904 to €178
- Other debts +€3,214
up €3,214 (+84.4%), from €3,808 to €7,022
- Gross operating margin -€37,497
down €37,497, from €32,503 to -€4,994
- Taxes -€3,829
down €3,829 (-95.0%), from €4,031 to €203
- Depreciation -€344
down €344 (-2.3%), from €15,208 to €14,865
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 | €95,367 | €44,192 | -€51,175 | -53.7% |
| Fixed assets | 21/28 | €38,831 | €24,416 | -€14,415 | -37.1% |
| Tangible fixed assets | 22/27 | €38,831 | €23,966 | -€14,865 | -38.3% |
| Plant, machinery and equipment | 23 | €991 | €544 | -€446 | -45.0% |
| Furniture and vehicles | 24 | €37,840 | €23,422 | -€14,418 | -38.1% |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €56,536 | €19,776 | -€36,761 | -65.0% |
| Amounts receivable within one year | 40/41 | €585 | €8,839 | +€8,254 | +1,411% |
| Trade receivables | 40 | €473 | - | -€473 | |
| Other amounts receivable | 41 | €112 | €8,839 | +€8,727 | +7,821% |
| Cash at bank and in hand | 54/58 | €54,472 | €9,666 | -€44,807 | -82.3% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,271 | -€208 | -14.0% |
| Total equity and liabilities | 10/49 | €95,367 | €44,192 | -€51,175 | -53.7% |
| Equity | 10/15 | €86,963 | €36,914 | -€50,048 | -57.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,963 | €35,914 | -€50,048 | -58.2% |
| Distributable reserves | 133 | €85,963 | €35,914 | -€50,048 | -58.2% |
| Amounts payable | 17/49 | €8,405 | €7,277 | -€1,127 | -13.4% |
| Amounts payable within one year | 42/48 | €8,184 | €7,277 | -€907 | -11.1% |
| Trade debts | 44 | €471 | €78 | -€394 | -83.5% |
| Suppliers | 440/4 | €471 | €78 | -€394 | -83.5% |
| Taxes, remuneration and social security | 45 | €3,904 | €178 | -€3,727 | -95.5% |
| Taxes | 450/3 | €3,904 | €178 | -€3,727 | -95.5% |
| Other amounts payable | 47/48 | €3,808 | €7,022 | +€3,214 | +84.4% |
| Accrued charges and deferred income | 492/3 | €221 | - | -€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,208 | €14,865 | -€344 | -2.3% |
| Other operating charges | 640/8 | €858 | €742 | -€117 | -13.6% |
| Gross operating margin | 9900 | €32,503 | -€4,994 | -€37,497 | |
| Operating profit (loss) | 9901 | €16,437 | -€20,600 | -€37,037 | |
| Financial income | 75/76B | €496 | €234 | -€262 | -52.8% |
| Recurring financial income | 75 | €496 | €234 | -€262 | -52.8% |
| Financial charges | 65/66B | €70 | €68 | -€3 | -3.9% |
| Recurring financial charges | 65 | €70 | €68 | -€3 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €16,863 | -€20,434 | -€37,297 | |
| Income taxes | 67/77 | €4,031 | €203 | -€3,829 | -95.0% |
| Profit (loss) for the period | 9904 | €12,831 | -€20,636 | -€33,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,831 | -€20,636 | -€33,468 |
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 29 October 2026 via checked.be.