LMC: 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.
LMC
Largest movements
- Cash +€158,453
up €158,453 (+126%), from €126,020 to €284,472
mainly Depreciation (+€107,135) and Trade debts (+€47,309)
- Tangible fixed assets -€75,223
down €75,223 (-6.0%), from €1.3m to €1.2m
of which Furniture and vehicles: -€75,223
- Trade debts +€47,309
up €47,309 (+1,044%), from €4,532 to €51,841
- Reserves +€39,399
up €39,399 (+1.3%), from €3.1m to €3.2m
of which Distributable reserves: +€39,399
- Gross operating margin +€102,888
up €102,888 (+143%), from €71,709 to €174,597
- Depreciation +€100,000
up €100,000 (+1,402%), from €7,135 to €107,135
- Taxes +€10,589
up €10,589 (+86.6%), from €12,225 to €22,814
- Other operating charges +€2,724
up €2,724, from €0 to €2,724
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 | €3,250,721 | €3,336,419 | +€85,698 | +2.6% |
| Fixed assets | 21/28 | €1,262,062 | €1,186,839 | -€75,223 | -6.0% |
| Tangible fixed assets | 22/27 | €1,261,342 | €1,186,119 | -€75,223 | -6.0% |
| Furniture and vehicles | 24 | €1,238,026 | €1,162,803 | -€75,223 | -6.1% |
| Other tangible fixed assets | 26 | €23,316 | €23,316 | = | 0.0% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €1,988,659 | €2,149,580 | +€160,921 | +8.1% |
| Amounts receivable after more than one year | 29 | €109,937 | €111,561 | +€1,624 | +1.5% |
| Other amounts receivable | 291 | €109,937 | €111,561 | +€1,624 | +1.5% |
| Amounts receivable within one year | 40/41 | €2,703 | €3,547 | +€844 | +31.2% |
| Other amounts receivable | 41 | €2,703 | €3,547 | +€844 | +31.2% |
| Current investments | 50/53 | €1,750,000 | €1,750,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €126,020 | €284,472 | +€158,453 | +126% |
| Total equity and liabilities | 10/49 | €3,250,721 | €3,336,419 | +€85,698 | +2.6% |
| Equity | 10/15 | €3,158,580 | €3,197,978 | +€39,399 | +1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,140,030 | €3,179,428 | +€39,399 | +1.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €3,138,175 | €3,177,573 | +€39,399 | +1.3% |
| Amounts payable | 17/49 | €92,142 | €138,441 | +€46,299 | +50.2% |
| Amounts payable within one year | 42/48 | €84,608 | €128,592 | +€43,984 | +52.0% |
| Trade debts | 44 | €4,532 | €51,841 | +€47,309 | +1,044% |
| Suppliers | 440/4 | €4,532 | €51,841 | +€47,309 | +1,044% |
| Taxes, remuneration and social security | 45 | €12,225 | €35,039 | +€22,814 | +187% |
| Taxes | 450/3 | €12,225 | €35,039 | +€22,814 | +187% |
| Other amounts payable | 47/48 | €67,851 | €41,712 | -€26,140 | -38.5% |
| Accrued charges and deferred income | 492/3 | €7,533 | €9,849 | +€2,315 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,135 | €107,135 | +€100,000 | +1,402% |
| Other operating charges | 640/8 | €0 | €2,724 | +€2,724 | |
| Gross operating margin | 9900 | €71,709 | €174,597 | +€102,888 | +143% |
| Operating profit (loss) | 9901 | €64,574 | €64,738 | +€163 | +0.3% |
| Financial income | 75/76B | €2,080 | €1,624 | -€456 | -21.9% |
| Recurring financial income | 75 | €2,080 | €1,624 | -€456 | -21.9% |
| Financial charges | 65/66B | €3,293 | €4,148 | +€855 | +26.0% |
| Recurring financial charges | 65 | €3,293 | €4,148 | +€855 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €63,361 | €62,213 | -€1,148 | -1.8% |
| Income taxes | 67/77 | €12,225 | €22,814 | +€10,589 | +86.6% |
| Profit (loss) for the period | 9904 | €51,136 | €39,399 | -€11,737 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,136 | €39,399 | -€11,737 | -23.0% |
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 13 October 2026 via checked.be.