LM SERVICE CONSTRUCT: 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 SERVICE CONSTRUCT
Largest movements
- Receivables within one year -€23,430
down €23,430 (-67.8%), from €34,565 to €11,135
of which Trade receivables: -€20,318
- Cash -€5,161
no longer reported in 2025 (was €5,161)
- Tangible fixed assets -€3,320
no longer reported in 2025 (was €3,320)
- Deferred charges and accrued income -€1,123
no longer reported in 2025 (was €1,123)
- Trade debts -€33,618
down €33,618 (-97.1%), from €34,604 to €987
- Other debts +€6,070
new in 2025: €6,070
- Profit (loss) carried forward -€4,227
down €4,227 (-70.6%), from -€5,991 to -€10,218
- Tax, wage and social debts -€1,321
no longer reported in 2025 (was €1,321)
- Gross operating margin +€20,253
up €20,253 (+80.7%), from -€25,112 to -€4,859
- Other operating charges -€7,466
down €7,466 (-85.7%), from €8,710 to €1,245
- Taxes +€7,000
no longer reported in 2025 (was -€7,000)
- Depreciation -€1,719
down €1,719 (-79.5%), from €2,162 to €443
- Staff costs -€1,134
no longer reported in 2025 (was €1,134)
From the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,194 | €11,160 | -€33,034 | -74.7% |
| Fixed assets | 21/28 | €3,345 | €25 | -€3,320 | -99.3% |
| Tangible fixed assets | 22/27 | €3,320 | - | -€3,320 | |
| Plant, machinery and equipment | 23 | €3,320 | - | -€3,320 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €40,849 | €11,135 | -€29,714 | -72.7% |
| Amounts receivable within one year | 40/41 | €34,565 | €11,135 | -€23,430 | -67.8% |
| Trade receivables | 40 | €20,318 | - | -€20,318 | |
| Other amounts receivable | 41 | €14,247 | €11,135 | -€3,112 | -21.8% |
| Cash at bank and in hand | 54/58 | €5,161 | - | -€5,161 | |
| Deferred charges and accrued income | 490/1 | €1,123 | - | -€1,123 | |
| Total equity and liabilities | 10/49 | €44,194 | €11,160 | -€33,034 | -74.7% |
| Equity | 10/15 | €8,269 | €4,042 | -€4,227 | -51.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,991 | -€10,218 | -€4,227 | -70.6% |
| Amounts payable | 17/49 | €35,925 | €7,118 | -€28,807 | -80.2% |
| Amounts payable within one year | 42/48 | €35,925 | €7,118 | -€28,807 | -80.2% |
| Financial debts | 43 | - | €61 | +€61 | |
| Credit institutions | 430/8 | - | €61 | +€61 | |
| Trade debts | 44 | €34,604 | €987 | -€33,618 | -97.1% |
| Suppliers | 440/4 | €34,604 | €987 | -€33,618 | -97.1% |
| Taxes, remuneration and social security | 45 | €1,321 | - | -€1,321 | |
| Remuneration and social security | 454/9 | €1,321 | - | -€1,321 | |
| Other amounts payable | 47/48 | - | €6,070 | +€6,070 | |
| Remuneration, social security and pensions | 62 | €1,134 | - | -€1,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €443 | -€1,719 | -79.5% |
| Other operating charges | 640/8 | €8,710 | €1,245 | -€7,466 | -85.7% |
| Gross operating margin | 9900 | -€25,112 | -€4,859 | +€20,253 | +80.7% |
| Operating profit (loss) | 9901 | -€37,118 | -€6,547 | +€30,571 | +82.4% |
| Financial charges | 65/66B | €781 | €124 | -€657 | -84.1% |
| Recurring financial charges | 65 | €781 | €124 | -€657 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,899 | -€6,671 | +€31,228 | +82.4% |
| Income taxes | 67/77 | -€7,000 | - | +€7,000 | |
| Profit (loss) for the period | 9904 | -€30,899 | -€6,671 | +€24,228 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,899 | -€6,671 | +€24,228 | +78.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.