LM Impact: 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 Impact
Largest movements
- Cash -€6,362
down €6,362 (-84.0%), from €7,576 to €1,214
mainly Net result for the year (-€6,800) and Trade debts (-€2,272)
- Deferred charges and accrued income -€2,888
no longer reported in 2026 (was €2,888)
- Tangible fixed assets -€2,190
down €2,190 (-45.1%), from €4,856 to €2,665
of which Furniture and vehicles: -€1,508
- Receivables within one year -€229
down €229 (-8.7%), from €2,623 to €2,393
of which Other amounts receivable: -€1,338
- Profit (loss) carried forward -€8,437
no longer reported in 2026 (was €8,437)
- Trade debts -€2,272
down €2,272 (-62.8%), from €3,618 to €1,345
- Reserves +€1,637
new in 2026: €1,637
- Tax, wage and social debts -€1,380
down €1,380 (-37.6%), from €3,670 to €2,290
of which Taxes: -€3,518
- Accrued charges and deferred income -€1,218
no longer reported in 2026 (was €1,218)
- Gross operating margin -€4,099
down €4,099 (-2,757%), from -€149 to -€4,248
- Depreciation +€669
up €669 (+44.0%), from €1,521 to €2,190
- Other operating charges -€240
down €240 (-66.6%), from €360 to €120
- Taxes -€191
down €191 (-55.8%), from €342 to €152
- Financial charges -€50
down €50 (-35.6%), from €140 to €90
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,943 | €6,273 | -€11,670 | -65.0% |
| Fixed assets | 21/28 | €4,856 | €2,665 | -€2,190 | -45.1% |
| Tangible fixed assets | 22/27 | €4,856 | €2,665 | -€2,190 | -45.1% |
| Plant, machinery and equipment | 23 | €1,419 | €736 | -€683 | -48.1% |
| Furniture and vehicles | 24 | €3,437 | €1,929 | -€1,508 | -43.9% |
| Current assets | 29/58 | €13,087 | €3,607 | -€9,480 | -72.4% |
| Amounts receivable within one year | 40/41 | €2,623 | €2,393 | -€229 | -8.7% |
| Trade receivables | 40 | - | €1,109 | +€1,109 | |
| Other amounts receivable | 41 | €2,623 | €1,284 | -€1,338 | -51.0% |
| Cash at bank and in hand | 54/58 | €7,576 | €1,214 | -€6,362 | -84.0% |
| Deferred charges and accrued income | 490/1 | €2,888 | - | -€2,888 | |
| Total equity and liabilities | 10/49 | €17,943 | €6,273 | -€11,670 | -65.0% |
| Equity | 10/15 | €9,437 | €2,637 | -€6,800 | -72.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €1,637 | +€1,637 | |
| Distributable reserves | 133 | - | €1,637 | +€1,637 | |
| Profit (loss) carried forward | 14 | €8,437 | - | -€8,437 | |
| Amounts payable | 17/49 | €8,506 | €3,635 | -€4,870 | -57.3% |
| Amounts payable within one year | 42/48 | €7,287 | €3,635 | -€3,652 | -50.1% |
| Trade debts | 44 | €3,618 | €1,345 | -€2,272 | -62.8% |
| Suppliers | 440/4 | €3,618 | €1,345 | -€2,272 | -62.8% |
| Taxes, remuneration and social security | 45 | €3,670 | €2,290 | -€1,380 | -37.6% |
| Taxes | 450/3 | €3,670 | €152 | -€3,518 | -95.9% |
| Remuneration and social security | 454/9 | - | €2,138 | +€2,138 | |
| Accrued charges and deferred income | 492/3 | €1,218 | - | -€1,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €2,190 | +€669 | +44.0% |
| Other operating charges | 640/8 | €360 | €120 | -€240 | -66.6% |
| Gross operating margin | 9900 | -€149 | -€4,248 | -€4,099 | -2,757% |
| Operating profit (loss) | 9901 | -€2,030 | -€6,558 | -€4,528 | -223% |
| Financial charges | 65/66B | €140 | €90 | -€50 | -35.6% |
| Recurring financial charges | 65 | €140 | €90 | -€50 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,170 | -€6,648 | -€4,478 | -206% |
| Income taxes | 67/77 | €342 | €152 | -€191 | -55.8% |
| Profit (loss) for the period | 9904 | -€2,512 | -€6,800 | -€4,287 | -171% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,512 | -€6,800 | -€4,287 | -171% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.