LM SPECIAL 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 SPECIAL SERVICES
Largest movements
- Receivables within one year +€88,601
up €88,601 (+815%), from €10,870 to €99,471
of which Other amounts receivable: +€57,463
- Cash -€36,127
down €36,127 (-47.4%), from €76,252 to €40,126
mainly Receivables within one year (-€88,601) and Tax, wage and social debts (-€11,922)
- Tangible fixed assets +€7,638
up €7,638 (+183%), from €4,174 to €11,812
of which Furniture and vehicles: +€8,296
- Reserves +€67,526
up €67,526 (+127%), from €53,121 to €120,648
- Tax, wage and social debts -€11,922
down €11,922 (-41.3%), from €28,892 to €16,970
- Other debts +€6,189
new in 2026: €6,189
- Trade debts -€1,682
down €1,682 (-51.2%), from €3,283 to €1,601
- Gross operating margin +€17,528
up €17,528 (+25.8%), from €67,837 to €85,365
- Taxes +€2,616
up €2,616 (+18.2%), from €14,354 to €16,970
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,296 | €151,408 | +€60,112 | +65.8% |
| Fixed assets | 21/28 | €4,174 | €11,812 | +€7,638 | +183% |
| Tangible fixed assets | 22/27 | €4,174 | €11,812 | +€7,638 | +183% |
| Plant, machinery and equipment | 23 | €3,141 | €2,482 | -€659 | -21.0% |
| Furniture and vehicles | 24 | €1,033 | €9,330 | +€8,296 | +803% |
| Current assets | 29/58 | €87,122 | €139,596 | +€52,474 | +60.2% |
| Amounts receivable within one year | 40/41 | €10,870 | €99,471 | +€88,601 | +815% |
| Trade receivables | 40 | €10,870 | €42,008 | +€31,138 | +286% |
| Other amounts receivable | 41 | - | €57,463 | +€57,463 | |
| Cash at bank and in hand | 54/58 | €76,252 | €40,126 | -€36,127 | -47.4% |
| Total equity and liabilities | 10/49 | €91,296 | €151,408 | +€60,112 | +65.8% |
| Equity | 10/15 | €59,121 | €126,648 | +€67,526 | +114% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €53,121 | €120,648 | +€67,526 | +127% |
| Distributable reserves | 133 | €53,121 | €120,648 | +€67,526 | +127% |
| Amounts payable | 17/49 | €32,175 | €24,760 | -€7,414 | -23.0% |
| Amounts payable within one year | 42/48 | €32,175 | €24,760 | -€7,414 | -23.0% |
| Trade debts | 44 | €3,283 | €1,601 | -€1,682 | -51.2% |
| Suppliers | 440/4 | €3,283 | €1,601 | -€1,682 | -51.2% |
| Taxes, remuneration and social security | 45 | €28,892 | €16,970 | -€11,922 | -41.3% |
| Taxes | 450/3 | €28,892 | €16,970 | -€11,922 | -41.3% |
| Other amounts payable | 47/48 | - | €6,189 | +€6,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341 | €1,106 | +€765 | +224% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €67,837 | €85,365 | +€17,528 | +25.8% |
| Operating profit (loss) | 9901 | €67,496 | €84,197 | +€16,701 | +24.7% |
| Financial income | 75/76B | €13 | €341 | +€328 | +2,557% |
| Recurring financial income | 75 | €13 | €341 | +€328 | +2,557% |
| Financial charges | 65/66B | €33 | €42 | +€8 | +24.9% |
| Recurring financial charges | 65 | €33 | €42 | +€8 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €67,475 | €84,497 | +€17,021 | +25.2% |
| Income taxes | 67/77 | €14,354 | €16,970 | +€2,616 | +18.2% |
| Profit (loss) for the period | 9904 | €53,121 | €67,526 | +€14,405 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,121 | €67,526 | +€14,405 | +27.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.