LM2: what changed
LM2
Largest movements
- Receivables within one year +€43,472
up €43,472 (+60.0%), from €72,473 to €115,944
of which Trade receivables: +€45,507
- Tangible fixed assets +€6,002
up €6,002 (+715%), from €840 to €6,842
of which Furniture and vehicles: +€5,666
- Other debts +€46,203
up €46,203 (+33.0%), from €139,857 to €186,060
- Tax, wage and social debts +€14,299
up €14,299 (+383%), from €3,736 to €18,035
of which Remuneration and social security: +€15,913
- Trade debts -€8,465
down €8,465 (-22.7%), from €37,233 to €28,769
- Profit (loss) carried forward -€7,885
down €7,885 (-66.1%), from €11,929 to €4,045
- Short-term financial debts +€5,439
up €5,439 (+304%), from €1,789 to €7,229
- Purchases and services -€30,840
down €30,840 (-22.6%), from €136,372 to €105,532
- Gross operating margin +€13,902
up €13,902 (+17.9%), from €77,772 to €91,674
- Staff costs +€12,279
up €12,279 (+17.5%), from €69,965 to €82,244
- Financial charges +€8,143
up €8,143 (+191%), from €4,254 to €12,396
- Taxes +€2,471
up €2,471 (+239%), from €1,035 to €3,506
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,745 | €250,724 | +€49,979 | +24.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €840 | €6,842 | +€6,002 | +715% |
| Tangible fixed assets | 22/27 | €840 | €6,842 | +€6,002 | +715% |
| Plant, machinery and equipment | 23 | €840 | €1,176 | +€337 | +40.1% |
| Furniture and vehicles | 24 | - | €5,666 | +€5,666 | |
| Current assets | 29/58 | €199,906 | €243,882 | +€43,976 | +22.0% |
| Stocks and contracts in progress | 3 | €126,800 | €125,500 | -€1,300 | -1.0% |
| Stocks | 30/36 | €126,800 | €125,500 | -€1,300 | -1.0% |
| Amounts receivable within one year | 40/41 | €72,473 | €115,944 | +€43,472 | +60.0% |
| Trade receivables | 40 | €50,708 | €96,215 | +€45,507 | +89.7% |
| Other amounts receivable | 41 | €21,765 | €19,730 | -€2,035 | -9.4% |
| Deferred charges and accrued income | 490/1 | €633 | €2,438 | +€1,805 | +285% |
| Total equity and liabilities | 10/49 | €200,745 | €250,724 | +€49,979 | +24.9% |
| Equity | 10/15 | €18,129 | €10,245 | -€7,885 | -43.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,929 | €4,045 | -€7,885 | -66.1% |
| Amounts payable | 17/49 | €182,616 | €240,480 | +€57,864 | +31.7% |
| Amounts payable within one year | 42/48 | €182,616 | €240,092 | +€57,476 | +31.5% |
| Financial debts | 43 | €1,789 | €7,229 | +€5,439 | +304% |
| Credit institutions | 430/8 | €1,789 | €7,229 | +€5,439 | +304% |
| Trade debts | 44 | €37,233 | €28,769 | -€8,465 | -22.7% |
| Suppliers | 440/4 | €37,233 | €28,769 | -€8,465 | -22.7% |
| Taxes, remuneration and social security | 45 | €3,736 | €18,035 | +€14,299 | +383% |
| Taxes | 450/3 | €2,535 | €920 | -€1,615 | -63.7% |
| Remuneration and social security | 454/9 | €1,202 | €17,115 | +€15,913 | +1,324% |
| Other amounts payable | 47/48 | €139,857 | €186,060 | +€46,203 | +33.0% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Goods, raw materials, services and sundry goods | 60/61 | €136,372 | €105,532 | -€30,840 | -22.6% |
| Remuneration, social security and pensions | 62 | €69,965 | €82,244 | +€12,279 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | €1,274 | +€1,164 | +1,054% |
| Other operating charges | 640/8 | €273 | €392 | +€120 | +43.9% |
| Gross operating margin | 9900 | €77,772 | €91,674 | +€13,902 | +17.9% |
| Operating profit (loss) | 9901 | €7,424 | €7,764 | +€340 | +4.6% |
| Financial income | 75/76B | €0 | €254 | +€254 | +2,540,200% |
| Recurring financial income | 75 | €0 | €254 | +€254 | +2,540,200% |
| Financial charges | 65/66B | €4,254 | €12,396 | +€8,143 | +191% |
| Recurring financial charges | 65 | €4,254 | €12,396 | +€8,143 | +191% |
| Profit (loss) for the period before taxes | 9903 | €3,170 | -€4,379 | -€7,549 | |
| Income taxes | 67/77 | €1,035 | €3,506 | +€2,471 | +239% |
| Profit (loss) for the period | 9904 | €2,136 | -€7,885 | -€10,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,136 | -€7,885 | -€10,021 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.