LM Solutions: 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 Solutions
Largest movements
- Financial fixed assets +€80,000
up €80,000 (+114%), from €70,000 to €150,000
- Cash +€6,328
up €6,328 (+13.2%), from €47,853 to €54,180
mainly Other debts (+€60,000) and Net result for the year (+€27,513)
- Other debts +€60,000
up €60,000, from €0 to €60,000
- Reserves +€27,513
up €27,513 (+22.3%), from €123,262 to €150,775
- Gross operating margin -€4,960
down €4,960 (-10.6%), from €46,652 to €41,692
- Taxes -€1,188
down €1,188 (-10.1%), from €11,707 to €10,519
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.
Derived cash bridge
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 | €140,319 | €227,712 | +€87,392 | +62.3% |
| Fixed assets | 21/28 | €73,232 | €153,208 | +€79,976 | +109% |
| Tangible fixed assets | 22/27 | €3,232 | €3,208 | -€25 | -0.8% |
| Plant, machinery and equipment | 23 | €489 | €374 | -€116 | -23.6% |
| Furniture and vehicles | 24 | €2,743 | €2,834 | +€91 | +3.3% |
| Financial fixed assets | 28 | €70,000 | €150,000 | +€80,000 | +114% |
| Current assets | 29/58 | €67,087 | €74,504 | +€7,417 | +11.1% |
| Amounts receivable within one year | 40/41 | €16,223 | €18,101 | +€1,878 | +11.6% |
| Trade receivables | 40 | €12,187 | €13,318 | +€1,131 | +9.3% |
| Other amounts receivable | 41 | €4,036 | €4,783 | +€748 | +18.5% |
| Cash at bank and in hand | 54/58 | €47,853 | €54,180 | +€6,328 | +13.2% |
| Deferred charges and accrued income | 490/1 | €3,012 | €2,223 | -€789 | -26.2% |
| Total equity and liabilities | 10/49 | €140,319 | €227,712 | +€87,392 | +62.3% |
| Equity | 10/15 | €128,262 | €155,775 | +€27,513 | +21.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,262 | €150,775 | +€27,513 | +22.3% |
| Distributable reserves | 133 | €123,262 | €150,775 | +€27,513 | +22.3% |
| Amounts payable | 17/49 | €12,058 | €71,937 | +€59,879 | +497% |
| Amounts payable within one year | 42/48 | €12,058 | €71,937 | +€59,879 | +497% |
| Trade debts | 44 | €3,084 | €4,531 | +€1,447 | +46.9% |
| Suppliers | 440/4 | €3,084 | €4,531 | +€1,447 | +46.9% |
| Taxes, remuneration and social security | 45 | €8,974 | €7,406 | -€1,568 | -17.5% |
| Taxes | 450/3 | €8,974 | €7,406 | -€1,568 | -17.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,601 | €1,702 | +€102 | +6.4% |
| Other operating charges | 640/8 | €618 | €697 | +€78 | +12.6% |
| Gross operating margin | 9900 | €46,652 | €41,692 | -€4,960 | -10.6% |
| Operating profit (loss) | 9901 | €44,433 | €39,293 | -€5,140 | -11.6% |
| Financial charges | 65/66B | €1,583 | €1,261 | -€322 | -20.3% |
| Recurring financial charges | 65 | €1,583 | €1,261 | -€322 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €42,849 | €38,032 | -€4,817 | -11.2% |
| Income taxes | 67/77 | €11,707 | €10,519 | -€1,188 | -10.1% |
| Profit (loss) for the period | 9904 | €31,143 | €27,513 | -€3,630 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,143 | €27,513 | -€3,630 | -11.7% |
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 23 October 2026 via checked.be.