LM SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€3,796
down €3,796 (-12.6%), from €30,016 to €26,219
of which Plant, machinery and equipment: -€1,951
- Cash +€2,292
up €2,292 (+4.7%), from €48,690 to €50,982
mainly Net result for the year (+€10,560) and Depreciation (+€10,059)
- Receivables within one year +€1,700
up €1,700 (+9.7%), from €17,600 to €19,300
of which Trade receivables: +€1,700
- Profit (loss) carried forward +€10,560
up €10,560 (+61.8%), from -€17,076 to -€6,516
- Tax, wage and social debts -€7,099
down €7,099 (-45.3%), from €15,666 to €8,567
of which Taxes: -€7,125
- Trade debts +€4,445
up €4,445 (+410.6%), from €1,083 to €5,528
- Debts after one year -€3,631
no longer reported in 2025 (was €3,631)
- Current portion of long-term debt -€3,527
down €3,527 (-49.3%), from €7,158 to €3,631
- Write-downs +€23,440
no longer reported in 2025 (was -€23,440)
- Gross operating margin -€14,410
down €14,410 (-37.6%), from €38,353 to €23,942
- Taxes -€719
down €719 (-26.2%), from €2,744 to €2,025
- Depreciation +€610
up €610 (+6.5%), from €9,449 to €10,059
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 | €100,121 | €100,006 | -€114 | -0.1% |
| Fixed assets | 21/28 | €30,016 | €26,219 | -€3,796 | -12.6% |
| Tangible fixed assets | 22/27 | €30,016 | €26,219 | -€3,796 | -12.6% |
| Plant, machinery and equipment | 23 | €8,201 | €6,251 | -€1,951 | -23.8% |
| Furniture and vehicles | 24 | €21,814 | €19,969 | -€1,846 | -8.5% |
| Current assets | 29/58 | €70,105 | €73,787 | +€3,682 | +5.3% |
| Amounts receivable within one year | 40/41 | €17,600 | €19,300 | +€1,700 | +9.7% |
| Trade receivables | 40 | €10,400 | €12,100 | +€1,700 | +16.3% |
| Other amounts receivable | 41 | €7,200 | €7,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,690 | €50,982 | +€2,292 | +4.7% |
| Deferred charges and accrued income | 490/1 | €3,815 | €3,504 | -€310 | -8.1% |
| Total equity and liabilities | 10/49 | €100,121 | €100,006 | -€114 | -0.1% |
| Equity | 10/15 | €66,984 | €77,544 | +€10,560 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,860 | €77,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,076 | -€6,516 | +€10,560 | +61.8% |
| Amounts payable | 17/49 | €33,136 | €22,462 | -€10,674 | -32.2% |
| Amounts payable after more than one year | 17 | €3,631 | - | -€3,631 | |
| Financial debts | 170/4 | €3,631 | - | -€3,631 | |
| Amounts payable within one year | 42/48 | €29,505 | €22,462 | -€7,043 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €7,158 | €3,631 | -€3,527 | -49.3% |
| Trade debts | 44 | €1,083 | €5,528 | +€4,445 | +410.6% |
| Suppliers | 440/4 | €1,083 | €5,528 | +€4,445 | +410.6% |
| Taxes, remuneration and social security | 45 | €15,666 | €8,567 | -€7,099 | -45.3% |
| Taxes | 450/3 | €13,145 | €6,019 | -€7,125 | -54.2% |
| Remuneration and social security | 454/9 | €2,522 | €2,548 | +€26 | +1.0% |
| Other amounts payable | 47/48 | €5,598 | €4,736 | -€862 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,449 | €10,059 | +€610 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,440 | - | +€23,440 | |
| Other operating charges | 640/8 | €1,140 | €943 | -€196 | -17.2% |
| Non-recurring operating charges | 66A | €45,657 | - | -€45,657 | |
| Gross operating margin | 9900 | €38,353 | €23,942 | -€14,410 | -37.6% |
| Operating profit (loss) | 9901 | €5,547 | €12,940 | +€7,392 | +133.3% |
| Financial income | 75/76B | €151 | - | -€151 | |
| Recurring financial income | 75 | €151 | - | -€151 | |
| Financial charges | 65/66B | €647 | €356 | -€291 | -45.0% |
| Recurring financial charges | 65 | €647 | €356 | -€291 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €5,052 | €12,584 | +€7,533 | +149.1% |
| Income taxes | 67/77 | €2,744 | €2,025 | -€719 | -26.2% |
| Profit (loss) for the period | 9904 | €2,308 | €10,560 | +€8,251 | +357.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,308 | €10,560 | +€8,251 | +357.5% |
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.