LMC: what changed
Two fiscal 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.
LMC
Largest movements
- Tangible fixed assets -€18,302
down €18,302 (-29.0%), from €63,032 to €44,730
of which Plant, machinery and equipment: -€10,826
- Receivables within one year -€7,987
down €7,987 (-10.3%), from €77,236 to €69,249
of which Trade receivables: -€29,208
- Profit (loss) carried forward -€38,278
down €38,278, from €6,733 to -€31,544
- Trade debts +€18,736
up €18,736, from €0 to €18,736
- Tax, wage and social debts -€4,923
down €4,923 (-10.0%), from €49,155 to €44,233
of which Taxes: -€5,542
- Gross operating margin -€103,338
down €103,338, from €88,373 to -€14,966
- Taxes -€21,834
down €21,834 (-100.0%), from €21,834 to €0
- Financial charges -€3,370
down €3,370 (-70.7%), from €4,766 to €1,396
- Other operating charges -€2,486
down €2,486 (-69.8%), from €3,563 to €1,077
- Staff costs +€2,367
up €2,367 (+1401.5%), from €169 to €2,536
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,282 | €115,297 | -€24,985 | -17.8% |
| Fixed assets | 21/28 | €63,032 | €44,730 | -€18,302 | -29.0% |
| Tangible fixed assets | 22/27 | €63,032 | €44,730 | -€18,302 | -29.0% |
| Plant, machinery and equipment | 23 | €31,804 | €20,978 | -€10,826 | -34.0% |
| Furniture and vehicles | 24 | €31,228 | €23,752 | -€7,476 | -23.9% |
| Current assets | 29/58 | €77,250 | €70,568 | -€6,683 | -8.7% |
| Amounts receivable within one year | 40/41 | €77,236 | €69,249 | -€7,987 | -10.3% |
| Trade receivables | 40 | €48,522 | €19,313 | -€29,208 | -60.2% |
| Other amounts receivable | 41 | €28,714 | €49,935 | +€21,221 | +73.9% |
| Current investments | 50/53 | €15 | €15 | +€0 | +0.1% |
| Deferred charges and accrued income | 490/1 | - | €1,304 | +€1,304 | |
| Total equity and liabilities | 10/49 | €140,282 | €115,297 | -€24,985 | -17.8% |
| Equity | 10/15 | €89,370 | €51,092 | -€38,278 | -42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,036 | €64,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €807 | €807 | = | 0.0% |
| Reserves not available under the articles | 1311 | €807 | €807 | = | 0.0% |
| Distributable reserves | 133 | €63,230 | €63,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,733 | -€31,544 | -€38,278 | |
| Amounts payable | 17/49 | €50,912 | €64,205 | +€13,293 | +26.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,912 | €64,205 | +€13,293 | +26.1% |
| Financial debts | 43 | €1,757 | €1,236 | -€521 | -29.7% |
| Credit institutions | 430/8 | €1,757 | €1,236 | -€521 | -29.7% |
| Trade debts | 44 | €0 | €18,736 | +€18,736 | |
| Suppliers | 440/4 | €0 | €18,736 | +€18,736 | |
| Taxes, remuneration and social security | 45 | €49,155 | €44,233 | -€4,923 | -10.0% |
| Taxes | 450/3 | €49,155 | €43,613 | -€5,542 | -11.3% |
| Remuneration and social security | 454/9 | - | €619 | +€619 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,711 | €0 | -€2,711 | -100.0% |
| Remuneration, social security and pensions | 62 | €169 | €2,536 | +€2,367 | +1401.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,564 | €18,302 | +€1,738 | +10.5% |
| Other operating charges | 640/8 | €3,563 | €1,077 | -€2,486 | -69.8% |
| Gross operating margin | 9900 | €88,373 | -€14,966 | -€103,338 | |
| Operating profit (loss) | 9901 | €68,077 | -€36,882 | -€104,958 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.0% |
| Financial charges | 65/66B | €4,766 | €1,396 | -€3,370 | -70.7% |
| Recurring financial charges | 65 | €4,766 | €1,396 | -€3,370 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €63,313 | -€38,278 | -€101,591 | |
| Income taxes | 67/77 | €21,834 | €0 | -€21,834 | -100.0% |
| Profit (loss) for the period | 9904 | €41,479 | -€38,278 | -€79,757 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,479 | -€38,278 | -€79,757 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.