LM SERVICES: 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 SERVICES
Largest movements
- Cash +€16,244
up €16,244 (+337.3%), from €4,815 to €21,060
mainly Depreciation (+€25,058) and Net result for the year (+€21,439)
- Deferred charges and accrued income -€9,185
down €9,185 (-60.1%), from €15,283 to €6,098
- Tangible fixed assets +€6,294
up €6,294 (+4.4%), from €143,588 to €149,881
of which Plant, machinery and equipment: +€6,822
- Receivables within one year +€2,829
up €2,829 (+3.6%), from €79,148 to €81,977
of which Other amounts receivable: +€10,124
- Trade debts -€23,760
down €23,760 (-39.0%), from €60,977 to €37,217
- Reserves +€21,439
up €21,439 (+48.1%), from €44,613 to €66,052
- Tax, wage and social debts +€12,441
up €12,441 (+33.7%), from €36,901 to €49,343
of which Taxes: +€12,833
- Other debts +€10,408
up €10,408 (+33.1%), from €31,460 to €41,868
- Debts after one year -€5,236
down €5,236 (-12.0%), from €43,514 to €38,279
- Staff costs +€54,668
up €54,668 (+118.8%), from €46,030 to €100,698
- Gross operating margin +€26,504
up €26,504 (+17.0%), from €156,158 to €182,663
- Other operating charges +€13,135
up €13,135 (+382.1%), from €3,438 to €16,573
- Depreciation +€3,844
up €3,844 (+18.1%), from €21,213 to €25,058
- Taxes -€3,788
down €3,788 (-23.8%), from €15,943 to €12,155
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 | €242,833 | €259,015 | +€16,182 | +6.7% |
| Fixed assets | 21/28 | €143,588 | €149,881 | +€6,294 | +4.4% |
| Tangible fixed assets | 22/27 | €143,588 | €149,881 | +€6,294 | +4.4% |
| Plant, machinery and equipment | 23 | €99,629 | €106,451 | +€6,822 | +6.8% |
| Leasing and similar rights | 25 | €39,087 | €39,087 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,871 | €4,343 | -€528 | -10.8% |
| Current assets | 29/58 | €99,246 | €109,134 | +€9,888 | +10.0% |
| Amounts receivable within one year | 40/41 | €79,148 | €81,977 | +€2,829 | +3.6% |
| Trade receivables | 40 | €20,010 | €12,716 | -€7,294 | -36.5% |
| Other amounts receivable | 41 | €59,138 | €69,261 | +€10,124 | +17.1% |
| Cash at bank and in hand | 54/58 | €4,815 | €21,060 | +€16,244 | +337.3% |
| Deferred charges and accrued income | 490/1 | €15,283 | €6,098 | -€9,185 | -60.1% |
| Total equity and liabilities | 10/49 | €242,833 | €259,015 | +€16,182 | +6.7% |
| Equity | 10/15 | €58,827 | €80,266 | +€21,439 | +36.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €44,613 | €66,052 | +€21,439 | +48.1% |
| Distributable reserves | 133 | €44,613 | €66,052 | +€21,439 | +48.1% |
| Profit (loss) carried forward | 14 | €4,214 | €4,214 | = | 0.0% |
| Amounts payable | 17/49 | €184,006 | €178,750 | -€5,257 | -2.9% |
| Amounts payable after more than one year | 17 | €43,514 | €38,279 | -€5,236 | -12.0% |
| Financial debts | 170/4 | €43,514 | €38,279 | -€5,236 | -12.0% |
| Amounts payable within one year | 42/48 | €140,492 | €140,471 | -€21 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €11,154 | €12,043 | +€889 | +8.0% |
| Trade debts | 44 | €60,977 | €37,217 | -€23,760 | -39.0% |
| Suppliers | 440/4 | €60,977 | €37,217 | -€23,760 | -39.0% |
| Taxes, remuneration and social security | 45 | €36,901 | €49,343 | +€12,441 | +33.7% |
| Taxes | 450/3 | €26,724 | €39,557 | +€12,833 | +48.0% |
| Remuneration and social security | 454/9 | €10,177 | €9,786 | -€392 | -3.9% |
| Other amounts payable | 47/48 | €31,460 | €41,868 | +€10,408 | +33.1% |
| Non-recurring operating income | 76A | - | €1,041 | +€1,041 | |
| Remuneration, social security and pensions | 62 | €46,030 | €100,698 | +€54,668 | +118.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,213 | €25,058 | +€3,844 | +18.1% |
| Other operating charges | 640/8 | €3,438 | €16,573 | +€13,135 | +382.1% |
| Non-recurring operating charges | 66A | €23,576 | - | -€23,576 | |
| Gross operating margin | 9900 | €156,158 | €182,663 | +€26,504 | +17.0% |
| Operating profit (loss) | 9901 | €61,900 | €40,333 | -€21,567 | -34.8% |
| Financial income | 75/76B | - | €1,578 | +€1,578 | |
| Recurring financial income | 75 | - | €1,578 | +€1,578 | |
| Financial charges | 65/66B | €11,344 | €8,317 | -€3,027 | -26.7% |
| Recurring financial charges | 65 | €11,344 | €8,317 | -€3,027 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €50,556 | €33,594 | -€16,962 | -33.6% |
| Income taxes | 67/77 | €15,943 | €12,155 | -€3,788 | -23.8% |
| Profit (loss) for the period | 9904 | €34,613 | €21,439 | -€13,174 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,613 | €21,439 | -€13,174 | -38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.