LMC-PISCINES: 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-PISCINES
Largest movements
- Cash -€466,984
down €466,984 (-53.7%), from €869,580 to €402,597
mainly Other debts (-€745,388) and Debts after one year (-€57,333)
- Receivables within one year -€128,440
down €128,440 (-39.9%), from €321,873 to €193,433
of which Other amounts receivable: -€128,561
- Tangible fixed assets -€109,491
down €109,491 (-73.2%), from €149,514 to €40,023
of which Land and buildings: -€87,753
- Other debts -€745,388
down €745,388 (-86.6%), from €860,546 to €115,158
- Profit (loss) carried forward +€143,736
up €143,736 (+58.0%), from €247,612 to €391,348
- Debts after one year -€57,333
no longer reported in 2025 (was €57,333)
- Current portion of long-term debt -€32,844
no longer reported in 2025 (was €32,844)
- Trade debts -€27,801
down €27,801 (-27.5%), from €101,022 to €73,221
- Financial income -€30,110
down €30,110 (-74.4%), from €40,467 to €10,357
- Gross operating margin +€28,616
up €28,616 (+10.7%), from €267,316 to €295,933
- Staff costs +€19,534
up €19,534 (+37.6%), from €51,955 to €71,489
- Taxes +€13,819
up €13,819 (+34.9%), from €39,577 to €53,396
- Depreciation -€7,416
down €7,416 (-20.9%), from €35,469 to €28,053
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.
Derived cash bridge
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 | €1,344,928 | €648,875 | -€696,053 | -51.8% |
| Fixed assets | 21/28 | €149,514 | €48,773 | -€100,741 | -67.4% |
| Tangible fixed assets | 22/27 | €149,514 | €40,023 | -€109,491 | -73.2% |
| Land and buildings | 22 | €123,433 | €35,680 | -€87,753 | -71.1% |
| Plant, machinery and equipment | 23 | €2,083 | €987 | -€1,095 | -52.6% |
| Furniture and vehicles | 24 | €23,999 | €3,356 | -€20,643 | -86.0% |
| Financial fixed assets | 28 | - | €8,750 | +€8,750 | |
| Current assets | 29/58 | €1,195,414 | €600,102 | -€595,312 | -49.8% |
| Amounts receivable within one year | 40/41 | €321,873 | €193,433 | -€128,440 | -39.9% |
| Trade receivables | 40 | €11,426 | €11,548 | +€122 | +1.1% |
| Other amounts receivable | 41 | €310,447 | €181,886 | -€128,561 | -41.4% |
| Cash at bank and in hand | 54/58 | €869,580 | €402,597 | -€466,984 | -53.7% |
| Deferred charges and accrued income | 490/1 | €3,961 | €4,072 | +€112 | +2.8% |
| Total equity and liabilities | 10/49 | €1,344,928 | €648,875 | -€696,053 | -51.8% |
| Equity | 10/15 | €282,072 | €425,808 | +€143,736 | +51.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,860 | €15,860 | = | 0.0% |
| Distributable reserves | 133 | €15,860 | €15,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,612 | €391,348 | +€143,736 | +58.0% |
| Amounts payable | 17/49 | €1,062,856 | €223,067 | -€839,789 | -79.0% |
| Amounts payable after more than one year | 17 | €57,333 | - | -€57,333 | |
| Financial debts | 170/4 | €57,333 | - | -€57,333 | |
| Amounts payable within one year | 42/48 | €1,005,523 | €223,067 | -€782,455 | -77.8% |
| Current portion of amounts payable after more than one year | 42 | €32,844 | - | -€32,844 | |
| Trade debts | 44 | €101,022 | €73,221 | -€27,801 | -27.5% |
| Suppliers | 440/4 | €101,022 | €73,221 | -€27,801 | -27.5% |
| Taxes, remuneration and social security | 45 | €11,112 | €34,689 | +€23,577 | +212% |
| Taxes | 450/3 | €5,507 | €26,284 | +€20,776 | +377% |
| Remuneration and social security | 454/9 | €5,604 | €8,405 | +€2,801 | +50.0% |
| Other amounts payable | 47/48 | €860,546 | €115,158 | -€745,388 | -86.6% |
| Remuneration, social security and pensions | 62 | €51,955 | €71,489 | +€19,534 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,469 | €28,053 | -€7,416 | -20.9% |
| Other operating charges | 640/8 | €3,661 | €3,038 | -€623 | -17.0% |
| Gross operating margin | 9900 | €267,316 | €295,933 | +€28,616 | +10.7% |
| Operating profit (loss) | 9901 | €176,231 | €193,353 | +€17,122 | +9.7% |
| Financial income | 75/76B | €40,467 | €10,357 | -€30,110 | -74.4% |
| Recurring financial income | 75 | €40,467 | €10,357 | -€30,110 | -74.4% |
| Financial charges | 65/66B | €3,002 | €6,577 | +€3,575 | +119% |
| Recurring financial charges | 65 | €3,002 | €6,577 | +€3,575 | +119% |
| Profit (loss) for the period before taxes | 9903 | €213,696 | €197,132 | -€16,564 | -7.8% |
| Transfer from deferred taxes | 780 | €120,000 | - | -€120,000 | |
| Income taxes | 67/77 | €39,577 | €53,396 | +€13,819 | +34.9% |
| Profit (loss) for the period | 9904 | €294,118 | €143,736 | -€150,383 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €294,118 | €143,736 | -€150,383 | -51.1% |
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 18 October 2026 via checked.be.