LM LAW: what changed
Two fiscal 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 LAW
Largest movements
- Receivables within one year -€11,988
down €11,988 (-42.1%), from €28,468 to €16,480
of which Trade receivables: -€12,000
- Cash +€880
up €880 (+8.0%), from €10,976 to €11,857
mainly Receivables within one year (+€11,988) and Net result for the year (+€988)
- Other debts -€12,095
down €12,095 (-34.4%), from €35,149 to €23,054
- Profit (loss) carried forward +€988
up €988 (+1.3%), from -€75,126 to -€74,138
- Other operating charges -€40,696
down €40,696 (-45.6%), from €89,279 to €48,583
- Write-downs +€37,017
up €37,017 (+40.9%), from -€90,418 to -€53,402
- Gross operating margin +€2,313
up €2,313 (+39.6%), from -€5,840 to -€3,527
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.
Cash bridge derived
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 | €48,752 | €37,645 | -€11,107 | -22.8% |
| Fixed assets | 21/28 | €9,308 | €9,308 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,308 | €9,308 | = | 0.0% |
| Other tangible fixed assets | 26 | €9,308 | €9,308 | = | 0.0% |
| Current assets | 29/58 | €39,444 | €28,337 | -€11,107 | -28.2% |
| Amounts receivable within one year | 40/41 | €28,468 | €16,480 | -€11,988 | -42.1% |
| Trade receivables | 40 | €26,000 | €14,000 | -€12,000 | -46.2% |
| Other amounts receivable | 41 | €2,468 | €2,480 | +€12 | +0.5% |
| Cash at bank and in hand | 54/58 | €10,976 | €11,857 | +€880 | +8.0% |
| Total equity and liabilities | 10/49 | €48,752 | €37,645 | -€11,107 | -22.8% |
| Equity | 10/15 | -€27,276 | -€26,288 | +€988 | +3.6% |
| Contributions | 10/11 | €43,500 | €43,500 | = | 0.0% |
| Reserves | 13 | €4,350 | €4,350 | = | 0.0% |
| Distributable reserves | 133 | €4,350 | €4,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,126 | -€74,138 | +€988 | +1.3% |
| Amounts payable | 17/49 | €76,029 | €63,933 | -€12,095 | -15.9% |
| Amounts payable within one year | 42/48 | €76,029 | €63,933 | -€12,095 | -15.9% |
| Trade debts | 44 | €40,880 | €40,880 | = | 0.0% |
| Suppliers | 440/4 | €40,880 | €40,880 | = | 0.0% |
| Other amounts payable | 47/48 | €35,149 | €23,054 | -€12,095 | -34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€90,418 | -€53,402 | +€37,017 | +40.9% |
| Other operating charges | 640/8 | €89,279 | €48,583 | -€40,696 | -45.6% |
| Gross operating margin | 9900 | -€5,840 | -€3,527 | +€2,313 | +39.6% |
| Operating profit (loss) | 9901 | -€4,701 | €1,292 | +€5,992 | |
| Financial income | 75/76B | €25 | €23 | -€1 | -5.8% |
| Recurring financial income | 75 | €25 | €23 | -€1 | -5.8% |
| Financial charges | 65/66B | €373 | €327 | -€46 | -12.4% |
| Recurring financial charges | 65 | €373 | €327 | -€46 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,049 | €988 | +€6,037 | |
| Profit (loss) for the period | 9904 | -€5,049 | €988 | +€6,037 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,049 | €988 | +€6,037 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.