LMBD: 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.
What changed
LMBD
NACE 69.101, Activities of lawyers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €2.0m-€349,710
Equity
€265,160
2024 · €265,766-€606
Cash
€182,489
2024 · €331,722-€149,234
Balance sheet total
€2.2m
2024 · €2.6m-€426,654
Largest movements
Assets
- Receivables within one year -€639,581
down €639,581 (-39.9%), from €1.6m to €965,374
of which Trade receivables: -€634,700
- Current investments +€400,000
up €400,000 (+114.3%), from €350,000 to €750,000
- Cash -€149,234
down €149,234 (-45.0%), from €331,722 to €182,489
mainly Contributions, distributions and other (-€1.7m) and Other debts (-€404,165)
- Tangible fixed assets -€45,235
down €45,235 (-13.3%), from €339,757 to €294,522
of which Other tangible fixed assets: -€62,045
Equity and liabilities
- Other debts -€404,165
down €404,165 (-18.5%), from €2.2m to €1.8m
Income statement
- Gross operating margin -€303,141
down €303,141 (-13.0%), from €2.3m to €2.0m
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.
Result 2024
€2.0m
Gross operating margin
-€303,141
Staff costs
-€23,275
Depreciation
-€3,585
Write-downs
-€20,901
Other operating charges
-€1,870
Other operating items
+€1,534
Financial income
-€5,877
Financial charges
+€4,655
Taxes
+€2,750
Result 2025
€1.7m
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.
From operations
+€2.0m
Investment
-€426,406
Financing
-€1.7m
Cash 2024
€331,722
From operations (derived)
+€2.0m
Net result for the year
+€1.7m
Depreciation
+€71,641
Receivables within one year
+€639,581
Deferred charges and accrued income
-€7,396
Trade debts
-€4,836
Tax, wage and social debts
+€7,137
Advances received
-€18,100
Other debts
-€404,165
Accrued charges and deferred income
-€6,084
Investment (derived)
-€426,406
Investment in fixed assets (net)
-€26,406
Current investments
-€400,000
Financing
-€1.7m
Contributions, distributions and other
-€1.7m
Cash 2025
€182,489
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,633,129 | €2,206,475 | -€426,654 | -16.2% |
| Fixed assets | 21/28 | €339,757 | €294,522 | -€45,235 | -13.3% |
| Tangible fixed assets | 22/27 | €339,757 | €294,522 | -€45,235 | -13.3% |
| Plant, machinery and equipment | 23 | €134 | €2,475 | +€2,341 | +1746.6% |
| Furniture and vehicles | 24 | €10,547 | €25,016 | +€14,469 | +137.2% |
| Other tangible fixed assets | 26 | €329,076 | €267,031 | -€62,045 | -18.9% |
| Current assets | 29/58 | €2,293,372 | €1,911,953 | -€381,419 | -16.6% |
| Amounts receivable within one year | 40/41 | €1,604,955 | €965,374 | -€639,581 | -39.9% |
| Trade receivables | 40 | €1,592,340 | €957,640 | -€634,700 | -39.9% |
| Other amounts receivable | 41 | €12,615 | €7,734 | -€4,881 | -38.7% |
| Current investments | 50/53 | €350,000 | €750,000 | +€400,000 | +114.3% |
| Cash at bank and in hand | 54/58 | €331,722 | €182,489 | -€149,234 | -45.0% |
| Deferred charges and accrued income | 490/1 | €6,695 | €14,091 | +€7,396 | +110.5% |
| Total equity and liabilities | 10/49 | €2,633,129 | €2,206,475 | -€426,654 | -16.2% |
| Equity | 10/15 | €265,766 | €265,160 | -€606 | -0.2% |
| Contributions | 10/11 | €163,169 | €163,169 | = | 0.0% |
| Reserves | 13 | €2,783 | €2,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,783 | €2,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,814 | €99,208 | -€606 | -0.6% |
| Amounts payable | 17/49 | €2,367,363 | €1,941,315 | -€426,048 | -18.0% |
| Amounts payable within one year | 42/48 | €2,361,280 | €1,941,315 | -€419,964 | -17.8% |
| Trade debts | 44 | €129,206 | €124,369 | -€4,836 | -3.7% |
| Suppliers | 440/4 | €129,206 | €124,369 | -€4,836 | -3.7% |
| Advances received on contracts in progress | 46 | €21,381 | €3,281 | -€18,100 | -84.7% |
| Taxes, remuneration and social security | 45 | €23,776 | €30,913 | +€7,137 | +30.0% |
| Taxes | 450/3 | €409 | €5,333 | +€4,924 | +1204.3% |
| Remuneration and social security | 454/9 | €23,367 | €25,580 | +€2,213 | +9.5% |
| Other amounts payable | 47/48 | €2,186,917 | €1,782,752 | -€404,165 | -18.5% |
| Accrued charges and deferred income | 492/3 | €6,084 | €0 | -€6,084 | -100.0% |
| Remuneration, social security and pensions | 62 | €189,123 | €212,398 | +€23,275 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,055 | €71,641 | +€3,585 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,901 | €0 | +€20,901 | |
| Other operating charges | 640/8 | €54,377 | €56,247 | +€1,870 | +3.4% |
| Non-recurring operating charges | 66A | €1,534 | €0 | -€1,534 | -100.0% |
| Gross operating margin | 9900 | €2,331,126 | €2,027,985 | -€303,141 | -13.0% |
| Operating profit (loss) | 9901 | €2,038,938 | €1,687,699 | -€351,238 | -17.2% |
| Financial income | 75/76B | €10,417 | €4,540 | -€5,877 | -56.4% |
| Recurring financial income | 75 | €10,417 | €4,540 | -€5,877 | -56.4% |
| Financial charges | 65/66B | €5,762 | €1,106 | -€4,655 | -80.8% |
| Recurring financial charges | 65 | €5,762 | €1,106 | -€4,655 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €2,043,593 | €1,691,133 | -€352,460 | -17.2% |
| Income taxes | 67/77 | €9,739 | €6,990 | -€2,750 | -28.2% |
| Profit (loss) for the period | 9904 | €2,033,854 | €1,684,144 | -€349,710 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,033,854 | €1,684,144 | -€349,710 | -17.2% |
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.