LM3: 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.
LM3
Largest movements
- Tangible fixed assets -€28,972
down €28,972 (-7.2%), from €401,611 to €372,639
- Cash +€8,999
up €8,999 (+100.0%), from €9,001 to €18,000
mainly Depreciation (+€28,972) and Net result for the year (+€4,716)
- Current portion of long-term debt -€17,248
down €17,248 (-83.1%), from €20,750 to €3,502
- Profit (loss) carried forward +€4,716
up €4,716 (+15.5%), from -€30,511 to -€25,795
- Debts after one year -€4,194
down €4,194 (-1.1%), from €384,194 to €380,000
- Gross operating margin +€12,743
up €12,743 (+48.1%), from €26,470 to €39,213
- Financial charges -€669
down €669 (-61.1%), from €1,095 to €426
- Financial income -€413
no longer reported in 2025 (was €413)
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 | €410,694 | €391,969 | -€18,726 | -4.6% |
| Fixed assets | 21/28 | €401,611 | €372,639 | -€28,972 | -7.2% |
| Tangible fixed assets | 22/27 | €401,611 | €372,639 | -€28,972 | -7.2% |
| Land and buildings | 22 | €401,611 | €372,639 | -€28,972 | -7.2% |
| Current assets | 29/58 | €9,083 | €19,330 | +€10,246 | +112.8% |
| Amounts receivable after more than one year | 29 | - | €1,244 | +€1,244 | |
| Trade receivables | 290 | - | €1,244 | +€1,244 | |
| Cash at bank and in hand | 54/58 | €9,001 | €18,000 | +€8,999 | +100.0% |
| Deferred charges and accrued income | 490/1 | €82 | €86 | +€4 | +4.5% |
| Total equity and liabilities | 10/49 | €410,694 | €391,969 | -€18,726 | -4.6% |
| Equity | 10/15 | -€10,511 | -€5,795 | +€4,716 | +44.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,511 | -€25,795 | +€4,716 | +15.5% |
| Amounts payable | 17/49 | €421,205 | €397,763 | -€23,442 | -5.6% |
| Amounts payable after more than one year | 17 | €384,194 | €380,000 | -€4,194 | -1.1% |
| Financial debts | 170/4 | €384,194 | €380,000 | -€4,194 | -1.1% |
| Amounts payable within one year | 42/48 | €37,011 | €17,763 | -€19,248 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €20,750 | €3,502 | -€17,248 | -83.1% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €286 | €286 | = | 0.0% |
| Taxes | 450/3 | €286 | €286 | = | 0.0% |
| Other amounts payable | 47/48 | €15,975 | €13,975 | -€2,000 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,972 | €28,972 | = | 0.0% |
| Other operating charges | 640/8 | €4,945 | €5,099 | +€154 | +3.1% |
| Gross operating margin | 9900 | €26,470 | €39,213 | +€12,743 | +48.1% |
| Operating profit (loss) | 9901 | -€7,448 | €5,142 | +€12,590 | |
| Financial income | 75/76B | €413 | - | -€413 | |
| Recurring financial income | 75 | €413 | - | -€413 | |
| Financial charges | 65/66B | €1,095 | €426 | -€669 | -61.1% |
| Recurring financial charges | 65 | €1,095 | €426 | -€669 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,129 | €4,716 | +€12,845 | |
| Profit (loss) for the period | 9904 | -€8,129 | €4,716 | +€12,845 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,129 | €4,716 | +€12,845 |
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 11 October 2026 via checked.be.