LM Serv: 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 Serv
Largest movements
- Receivables within one year +€22,662
up €22,662 (+181.3%), from €12,501 to €35,163
of which Other amounts receivable: +€16,316
- Cash +€13,128
up €13,128 (+29.6%), from €44,393 to €57,521
mainly Net result for the year (+€40,293) and Depreciation (+€888)
- Profit (loss) carried forward +€40,293
up €40,293 (+107.9%), from €37,330 to €77,623
- Tax, wage and social debts -€3,114
down €3,114 (-16.9%), from €18,461 to €15,347
- Gross operating margin -€3,468
down €3,468 (-6.3%), from €55,173 to €51,705
- Taxes -€2,569
down €2,569 (-19.7%), from €13,051 to €10,482
- Financial income +€721
new in 2025: €721
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 | €59,087 | €96,189 | +€37,102 | +62.8% |
| Fixed assets | 21/28 | €2,194 | €3,505 | +€1,311 | +59.7% |
| Tangible fixed assets | 22/27 | €1,994 | €2,805 | +€811 | +40.7% |
| Furniture and vehicles | 24 | €1,994 | €2,805 | +€811 | +40.7% |
| Financial fixed assets | 28 | €200 | €700 | +€500 | +250.0% |
| Current assets | 29/58 | €56,893 | €92,684 | +€35,791 | +62.9% |
| Amounts receivable within one year | 40/41 | €12,501 | €35,163 | +€22,662 | +181.3% |
| Trade receivables | 40 | €12,501 | €18,847 | +€6,346 | +50.8% |
| Other amounts receivable | 41 | - | €16,316 | +€16,316 | |
| Cash at bank and in hand | 54/58 | €44,393 | €57,521 | +€13,128 | +29.6% |
| Total equity and liabilities | 10/49 | €59,087 | €96,189 | +€37,102 | +62.8% |
| Equity | 10/15 | €39,330 | €79,623 | +€40,293 | +102.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,330 | €77,623 | +€40,293 | +107.9% |
| Amounts payable | 17/49 | €19,758 | €16,566 | -€3,192 | -16.2% |
| Amounts payable within one year | 42/48 | €19,758 | €16,566 | -€3,192 | -16.2% |
| Trade debts | 44 | €516 | €1,219 | +€703 | +136.2% |
| Suppliers | 440/4 | €516 | €1,219 | +€703 | +136.2% |
| Taxes, remuneration and social security | 45 | €18,461 | €15,347 | -€3,114 | -16.9% |
| Taxes | 450/3 | €18,461 | €15,347 | -€3,114 | -16.9% |
| Other amounts payable | 47/48 | €781 | €0 | -€781 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €888 | +€404 | +83.4% |
| Other operating charges | 640/8 | €763 | €690 | -€73 | -9.5% |
| Gross operating margin | 9900 | €55,173 | €51,705 | -€3,468 | -6.3% |
| Operating profit (loss) | 9901 | €53,926 | €50,126 | -€3,800 | -7.0% |
| Financial income | 75/76B | - | €721 | +€721 | |
| Recurring financial income | 75 | - | €721 | +€721 | |
| Financial charges | 65/66B | €15 | €72 | +€57 | +391.5% |
| Recurring financial charges | 65 | €15 | €72 | +€57 | +391.5% |
| Profit (loss) for the period before taxes | 9903 | €53,911 | €50,775 | -€3,136 | -5.8% |
| Income taxes | 67/77 | €13,051 | €10,482 | -€2,569 | -19.7% |
| Profit (loss) for the period | 9904 | €40,860 | €40,293 | -€567 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,860 | €40,293 | -€567 | -1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.