LM PROJECT: 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 PROJECT
Largest movements
- Cash -€853
down €853 (-79.4%), from €1,074 to €221
mainly Net result for the year (-€1,009) and Trade debts (-€845)
- Profit (loss) carried forward -€1,009
down €1,009 (-36.4%), from -€2,770 to -€3,779
- Other debts +€1,000
new in 2025: €1,000
- Trade debts -€845
no longer reported in 2025 (was €845)
- Gross operating margin +€1,923
up €1,923 (+69.7%), from -€2,758 to -€834
- Financial charges +€162
up €162 (+1294.6%), from €13 to €174
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 | €1,074 | €221 | -€853 | -79.4% |
| Current assets | 29/58 | €1,074 | €221 | -€853 | -79.4% |
| Cash at bank and in hand | 54/58 | €1,074 | €221 | -€853 | -79.4% |
| Total equity and liabilities | 10/49 | €1,074 | €221 | -€853 | -79.4% |
| Equity | 10/15 | €230 | -€779 | -€1,009 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,770 | -€3,779 | -€1,009 | -36.4% |
| Amounts payable | 17/49 | €845 | €1,000 | +€156 | +18.4% |
| Amounts payable within one year | 42/48 | €845 | €1,000 | +€156 | +18.4% |
| Trade debts | 44 | €845 | - | -€845 | |
| Suppliers | 440/4 | €845 | - | -€845 | |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | -€2,758 | -€834 | +€1,923 | +69.7% |
| Operating profit (loss) | 9901 | -€2,758 | -€834 | +€1,923 | +69.7% |
| Financial charges | 65/66B | €13 | €174 | +€162 | +1294.6% |
| Recurring financial charges | 65 | €13 | €174 | +€162 | +1294.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,770 | -€1,009 | +€1,762 | +63.6% |
| Profit (loss) for the period | 9904 | -€2,770 | -€1,009 | +€1,762 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,770 | -€1,009 | +€1,762 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.