LM GAMES: 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 GAMES
Largest movements
- Cash +€484,368
up €484,368 (+219%), from €221,589 to €705,957
mainly Stocks and contracts (+€355,830) and Net result for the year (+€129,712)
- Stocks and contracts -€355,830
down €355,830 (-35.7%), from €995,747 to €639,917
- Tangible fixed assets -€72,255
down €72,255 (-18.2%), from €396,975 to €324,720
of which Land and buildings: -€66,117
- Receivables within one year +€55,044
up €55,044 (+112%), from €49,360 to €104,405
of which Trade receivables: +€34,100
- Reserves +€129,712
up €129,712 (+10.0%), from €1.3m to €1.4m
- Other debts -€30,810
down €30,810 (-12.4%), from €248,068 to €217,258
- Advances received +€30,000
up €30,000 (+80.0%), from €37,500 to €67,500
- Tax, wage and social debts +€27,402
up €27,402 (+59.0%), from €46,460 to €73,862
of which Taxes: +€27,402
- Write-downs -€507,502
down €507,502, from €374,790 to -€132,712
- Financial charges -€122,079
down €122,079 (-96.4%), from €126,638 to €4,559
of which Non-recurring financial charges: -€114,977
- Gross operating margin +€88,620
up €88,620 (+85.9%), from -€103,214 to -€14,594
- Taxes +€12,923
up €12,923 (+6,874%), from €188 to €13,111
- Depreciation -€7,702
down €7,702 (-34.3%), from €22,435 to €14,734
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 | €2,183,340 | €2,295,605 | +€112,265 | +5.1% |
| Fixed assets | 21/28 | €396,975 | €324,720 | -€72,255 | -18.2% |
| Tangible fixed assets | 22/27 | €396,975 | €324,720 | -€72,255 | -18.2% |
| Land and buildings | 22 | €352,189 | €286,072 | -€66,117 | -18.8% |
| Plant, machinery and equipment | 23 | €4,131 | €4,600 | +€469 | +11.3% |
| Furniture and vehicles | 24 | €40,656 | €34,049 | -€6,607 | -16.3% |
| Current assets | 29/58 | €1,786,365 | €1,970,885 | +€184,520 | +10.3% |
| Stocks and contracts in progress | 3 | €995,747 | €639,917 | -€355,830 | -35.7% |
| Stocks | 30/36 | €995,747 | €639,917 | -€355,830 | -35.7% |
| Amounts receivable within one year | 40/41 | €49,360 | €104,405 | +€55,044 | +112% |
| Trade receivables | 40 | €46,701 | €80,801 | +€34,100 | +73.0% |
| Other amounts receivable | 41 | €2,659 | €23,604 | +€20,945 | +788% |
| Current investments | 50/53 | €519,264 | €520,190 | +€926 | +0.2% |
| Cash at bank and in hand | 54/58 | €221,589 | €705,957 | +€484,368 | +219% |
| Deferred charges and accrued income | 490/1 | €404 | €415 | +€11 | +2.6% |
| Total equity and liabilities | 10/49 | €2,183,340 | €2,295,605 | +€112,265 | +5.1% |
| Equity | 10/15 | €1,775,108 | €1,904,820 | +€129,712 | +7.3% |
| Contributions | 10/11 | €478,966 | €478,966 | = | 0.0% |
| Reserves | 13 | €1,296,142 | €1,425,853 | +€129,712 | +10.0% |
| Distributable reserves | 133 | €1,296,142 | €1,425,853 | +€129,712 | +10.0% |
| Amounts payable | 17/49 | €408,232 | €390,785 | -€17,447 | -4.3% |
| Amounts payable after more than one year | 17 | €3,376 | - | -€3,376 | |
| Financial debts | 170/4 | €3,376 | - | -€3,376 | |
| Amounts payable within one year | 42/48 | €386,919 | €374,431 | -€12,489 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €35,980 | €15,223 | -€20,757 | -57.7% |
| Trade debts | 44 | €18,911 | €587 | -€18,324 | -96.9% |
| Suppliers | 440/4 | €18,911 | €587 | -€18,324 | -96.9% |
| Advances received on contracts in progress | 46 | €37,500 | €67,500 | +€30,000 | +80.0% |
| Taxes, remuneration and social security | 45 | €46,460 | €73,862 | +€27,402 | +59.0% |
| Taxes | 450/3 | €34,460 | €61,862 | +€27,402 | +79.5% |
| Remuneration and social security | 454/9 | €12,000 | €12,000 | = | 0.0% |
| Other amounts payable | 47/48 | €248,068 | €217,258 | -€30,810 | -12.4% |
| Accrued charges and deferred income | 492/3 | €17,937 | €16,355 | -€1,582 | -8.8% |
| Non-recurring operating income | 76A | - | €107,500 | +€107,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,435 | €14,734 | -€7,702 | -34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €374,790 | -€132,712 | -€507,502 | |
| Other operating charges | 640/8 | €10,770 | €10,322 | -€448 | -4.2% |
| Non-recurring operating charges | 66A | €10,939 | - | -€10,939 | |
| Gross operating margin | 9900 | -€103,214 | -€14,594 | +€88,620 | +85.9% |
| Operating profit (loss) | 9901 | -€522,148 | €93,062 | +€615,210 | |
| Financial income | 75/76B | €53,223 | €54,318 | +€1,095 | +2.1% |
| Recurring financial income | 75 | €53,223 | €54,318 | +€1,095 | +2.1% |
| Financial charges | 65/66B | €126,638 | €4,559 | -€122,079 | -96.4% |
| Recurring financial charges | 65 | €47,088 | €39,986 | -€7,102 | -15.1% |
| Non-recurring financial charges | 66B | €79,550 | -€35,427 | -€114,977 | |
| Profit (loss) for the period before taxes | 9903 | -€595,562 | €142,822 | +€738,385 | |
| Income taxes | 67/77 | €188 | €13,111 | +€12,923 | +6,874% |
| Profit (loss) for the period | 9904 | -€595,750 | €129,712 | +€725,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€595,750 | €129,712 | +€725,462 |
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.