LM VG: 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 VG
Largest movements
- Receivables within one year +€8,545
up €8,545 (+193%), from €4,420 to €12,966
- Tangible fixed assets -€3,983
down €3,983 (-35.1%), from €11,358 to €7,375
of which Furniture and vehicles: -€3,551
- Cash -€291
down €291 (-6.5%), from €4,463 to €4,172
mainly Net result for the year (-€13,442) and Receivables within one year (-€8,545)
- Other debts +€18,908
up €18,908 (+66.9%), from €28,283 to €47,191
- Profit (loss) carried forward -€13,442
down €13,442 (-80.3%), from -€16,732 to -€30,174
- Tax, wage and social debts -€2,587
down €2,587 (-71.0%), from €3,641 to €1,054
of which Remuneration and social security: -€1,766
- Trade debts +€1,392
up €1,392 (+67.9%), from €2,049 to €3,441
- Depreciation -€3,104
down €3,104 (-43.8%), from €7,087 to €3,983
- Gross operating margin +€1,467
up €1,467 (+16.0%), from -€9,195 to -€7,728
- Staff costs +€1,008
new in 2024: €1,008
- Financial charges +€388
up €388 (+179%), from €217 to €605
- Other operating charges -€116
down €116 (-49.5%), from €234 to €118
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,241 | €24,513 | +€4,272 | +21.1% |
| Fixed assets | 21/28 | €11,358 | €7,375 | -€3,983 | -35.1% |
| Tangible fixed assets | 22/27 | €11,358 | €7,375 | -€3,983 | -35.1% |
| Plant, machinery and equipment | 23 | €1,399 | €967 | -€432 | -30.9% |
| Furniture and vehicles | 24 | €9,959 | €6,408 | -€3,551 | -35.7% |
| Current assets | 29/58 | €8,883 | €17,138 | +€8,255 | +92.9% |
| Amounts receivable within one year | 40/41 | €4,420 | €12,966 | +€8,545 | +193% |
| Trade receivables | 40 | €4,420 | €12,966 | +€8,545 | +193% |
| Cash at bank and in hand | 54/58 | €4,463 | €4,172 | -€291 | -6.5% |
| Total equity and liabilities | 10/49 | €20,241 | €24,513 | +€4,272 | +21.1% |
| Equity | 10/15 | -€13,732 | -€27,174 | -€13,442 | -97.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,732 | -€30,174 | -€13,442 | -80.3% |
| Amounts payable | 17/49 | €33,973 | €51,686 | +€17,713 | +52.1% |
| Amounts payable within one year | 42/48 | €33,973 | €51,686 | +€17,713 | +52.1% |
| Trade debts | 44 | €2,049 | €3,441 | +€1,392 | +67.9% |
| Suppliers | 440/4 | €2,049 | €3,441 | +€1,392 | +67.9% |
| Taxes, remuneration and social security | 45 | €3,641 | €1,054 | -€2,587 | -71.0% |
| Taxes | 450/3 | €1,875 | €1,054 | -€820 | -43.8% |
| Remuneration and social security | 454/9 | €1,766 | €0 | -€1,766 | -100% |
| Other amounts payable | 47/48 | €28,283 | €47,191 | +€18,908 | +66.9% |
| Remuneration, social security and pensions | 62 | - | €1,008 | +€1,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,087 | €3,983 | -€3,104 | -43.8% |
| Other operating charges | 640/8 | €234 | €118 | -€116 | -49.5% |
| Gross operating margin | 9900 | -€9,195 | -€7,728 | +€1,467 | +16.0% |
| Operating profit (loss) | 9901 | -€16,516 | -€12,837 | +€3,679 | +22.3% |
| Financial charges | 65/66B | €217 | €605 | +€388 | +179% |
| Recurring financial charges | 65 | €217 | €605 | +€388 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€16,732 | -€13,442 | +€3,290 | +19.7% |
| Profit (loss) for the period | 9904 | -€16,732 | -€13,442 | +€3,290 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,732 | -€13,442 | +€3,290 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.