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
- Receivables within one year -€27,808
down €27,808 (-65.1%), from €42,746 to €14,937
of which Trade receivables: -€27,520
- Cash +€27,121
up €27,121 (+169.9%), from €15,963 to €43,084
mainly Receivables within one year (+€27,808) and Net result for the year (+€14,846)
- Tangible fixed assets -€1,755
down €1,755 (-4.1%), from €43,001 to €41,246
of which Plant, machinery and equipment: -€964
- Deferred charges and accrued income -€1,093
down €1,093 (-75.5%), from €1,447 to €354
- Contributions -€10,970
down €10,970 (-57.7%), from €19,000 to €8,031
- Debts after one year +€6,994
up €6,994, from €0 to €6,994
- Tax, wage and social debts +€5,667
up €5,667 (+79.3%), from €7,150 to €12,817
of which Taxes: +€6,868
- Trade debts -€2,701
down €2,701 (-60.7%), from €4,447 to €1,746
- Reserves -€2,531
down €2,531 (-3.9%), from €64,650 to €62,120
of which Distributable reserves: -€2,531
- Gross operating margin -€5,953
down €5,953 (-10.8%), from €55,257 to €49,304
- Taxes +€3,377
up €3,377 (+49.3%), from €6,851 to €10,228
- Depreciation +€1,855
up €1,855 (+32.8%), from €5,659 to €7,514
- Other operating charges -€1,728
down €1,728 (-40.8%), from €4,234 to €2,505
- Financial charges -€949
down €949 (-26.2%), from €3,626 to €2,676
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 | €103,181 | €99,620 | -€3,560 | -3.5% |
| Fixed assets | 21/28 | €43,026 | €41,246 | -€1,780 | -4.1% |
| Tangible fixed assets | 22/27 | €43,001 | €41,246 | -€1,755 | -4.1% |
| Land and buildings | 22 | €1,066 | €907 | -€159 | -14.9% |
| Plant, machinery and equipment | 23 | €1,860 | €896 | -€964 | -51.8% |
| Furniture and vehicles | 24 | €39,074 | €38,442 | -€632 | -1.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Current assets | 29/58 | €60,155 | €58,375 | -€1,780 | -3.0% |
| Amounts receivable within one year | 40/41 | €42,746 | €14,937 | -€27,808 | -65.1% |
| Trade receivables | 40 | €40,535 | €13,015 | -€27,520 | -67.9% |
| Other amounts receivable | 41 | €2,211 | €1,922 | -€288 | -13.0% |
| Cash at bank and in hand | 54/58 | €15,963 | €43,084 | +€27,121 | +169.9% |
| Deferred charges and accrued income | 490/1 | €1,447 | €354 | -€1,093 | -75.5% |
| Total equity and liabilities | 10/49 | €103,181 | €99,620 | -€3,560 | -3.5% |
| Equity | 10/15 | €86,318 | €72,998 | -€13,320 | -15.4% |
| Contributions | 10/11 | €19,000 | €8,031 | -€10,970 | -57.7% |
| Reserves | 13 | €64,650 | €62,120 | -€2,531 | -3.9% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €64,650 | €62,120 | -€2,531 | -3.9% |
| Profit (loss) carried forward | 14 | €2,668 | €2,848 | +€180 | +6.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €16,863 | €26,623 | +€9,760 | +57.9% |
| Amounts payable after more than one year | 17 | €0 | €6,994 | +€6,994 | |
| Financial debts | 170/4 | €0 | €6,994 | +€6,994 | |
| Amounts payable within one year | 42/48 | €16,863 | €19,629 | +€2,766 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €4,765 | €5,066 | +€301 | +6.3% |
| Trade debts | 44 | €4,447 | €1,746 | -€2,701 | -60.7% |
| Suppliers | 440/4 | €4,447 | €1,746 | -€2,701 | -60.7% |
| Taxes, remuneration and social security | 45 | €7,150 | €12,817 | +€5,667 | +79.3% |
| Taxes | 450/3 | €4,672 | €11,540 | +€6,868 | +147.0% |
| Remuneration and social security | 454/9 | €2,478 | €1,277 | -€1,201 | -48.5% |
| Other amounts payable | 47/48 | €501 | €0 | -€501 | -100.0% |
| Non-recurring operating income | 76A | €226 | €7,451 | +€7,225 | +3194.2% |
| Remuneration, social security and pensions | 62 | €111 | €120 | +€8 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,659 | €7,514 | +€1,855 | +32.8% |
| Other operating charges | 640/8 | €4,234 | €2,505 | -€1,728 | -40.8% |
| Non-recurring operating charges | 66A | €8,306 | €11,415 | +€3,109 | +37.4% |
| Gross operating margin | 9900 | €55,257 | €49,304 | -€5,953 | -10.8% |
| Operating profit (loss) | 9901 | €36,946 | €27,750 | -€9,196 | -24.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,626 | €2,676 | -€949 | -26.2% |
| Recurring financial charges | 65 | €3,626 | €2,676 | -€949 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €33,321 | €25,074 | -€8,247 | -24.8% |
| Transfer from deferred taxes | 780 | €1,700 | €0 | -€1,700 | -100.0% |
| Income taxes | 67/77 | €6,851 | €10,228 | +€3,377 | +49.3% |
| Profit (loss) for the period | 9904 | €28,170 | €14,846 | -€13,324 | -47.3% |
| Transfer from tax-exempt reserves | 789 | €1,094 | €0 | -€1,094 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,265 | €14,846 | -€14,418 | -49.3% |
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 5 October 2026 via checked.be.