LMC PROJECT: 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 PROJECT
Largest movements
- Tangible fixed assets +€112,317
up €112,317 (+451%), from €24,904 to €137,221
of which Furniture and vehicles: +€113,765
- Receivables within one year +€86,411
up €86,411 (+192%), from €44,944 to €131,355
of which Trade receivables: +€86,411
- Cash -€27,856
down €27,856 (-41.6%), from €66,970 to €39,114
mainly Investment in fixed assets (net) (-€149,051) and Receivables within one year (-€86,411)
- Stocks and contracts +€25,992
up €25,992, from €0 to €25,992
- Current portion of long-term debt +€115,000
up €115,000, from €0 to €115,000
- Trade debts +€86,670
up €86,670 (+1,365%), from €6,350 to €93,020
- Tax, wage and social debts -€7,892
down €7,892 (-6.0%), from €130,543 to €122,652
of which Taxes: -€9,438
- Profit (loss) carried forward +€5,719
up €5,719, from -€3,375 to €2,343
- Gross operating margin +€52,873
up €52,873, from -€1,725 to €51,148
- Depreciation +€30,688
up €30,688 (+900%), from €3,410 to €34,098
- Taxes +€2,622
up €2,622 (+2,129%), from €123 to €2,746
- Other operating charges +€2,412
up €2,412 (+87.2%), from €2,766 to €5,177
- Financial charges -€1,063
down €1,063 (-46.4%), from €2,289 to €1,227
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 | €136,818 | €336,318 | +€199,500 | +146% |
| Fixed assets | 21/28 | €24,904 | €139,856 | +€114,952 | +462% |
| Tangible fixed assets | 22/27 | €24,904 | €137,221 | +€112,317 | +451% |
| Plant, machinery and equipment | 23 | €831 | €517 | -€314 | -37.8% |
| Furniture and vehicles | 24 | €14,046 | €127,810 | +€113,765 | +810% |
| Other tangible fixed assets | 26 | €10,028 | €8,894 | -€1,134 | -11.3% |
| Financial fixed assets | 28 | - | €2,635 | +€2,635 | |
| Current assets | 29/58 | €111,914 | €196,462 | +€84,548 | +75.5% |
| Stocks and contracts in progress | 3 | €0 | €25,992 | +€25,992 | |
| Stocks | 30/36 | €0 | €25,992 | +€25,992 | |
| Amounts receivable within one year | 40/41 | €44,944 | €131,355 | +€86,411 | +192% |
| Trade receivables | 40 | €44,944 | €131,355 | +€86,411 | +192% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €66,970 | €39,114 | -€27,856 | -41.6% |
| Total equity and liabilities | 10/49 | €136,818 | €336,318 | +€199,500 | +146% |
| Equity | 10/15 | -€75 | €5,643 | +€5,719 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,375 | €2,343 | +€5,719 | |
| Amounts payable | 17/49 | €136,893 | €330,674 | +€193,781 | +142% |
| Amounts payable within one year | 42/48 | €136,893 | €330,674 | +€193,781 | +142% |
| Current portion of amounts payable after more than one year | 42 | €0 | €115,000 | +€115,000 | |
| Trade debts | 44 | €6,350 | €93,020 | +€86,670 | +1,365% |
| Suppliers | 440/4 | €6,350 | €93,020 | +€86,670 | +1,365% |
| Taxes, remuneration and social security | 45 | €130,543 | €122,652 | -€7,892 | -6.0% |
| Taxes | 450/3 | €109,408 | €99,970 | -€9,438 | -8.6% |
| Remuneration and social security | 454/9 | €21,135 | €22,682 | +€1,546 | +7.3% |
| Other amounts payable | 47/48 | - | €3 | +€3 | |
| Remuneration, social security and pensions | 62 | €1,454 | €2,182 | +€727 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,410 | €34,098 | +€30,688 | +900% |
| Other operating charges | 640/8 | €2,766 | €5,177 | +€2,412 | +87.2% |
| Gross operating margin | 9900 | -€1,725 | €51,148 | +€52,873 | |
| Operating profit (loss) | 9901 | -€9,355 | €9,691 | +€19,046 | |
| Financial charges | 65/66B | €2,289 | €1,227 | -€1,063 | -46.4% |
| Recurring financial charges | 65 | €2,289 | €1,227 | -€1,063 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,644 | €8,465 | +€20,109 | |
| Income taxes | 67/77 | €123 | €2,746 | +€2,622 | +2,129% |
| Profit (loss) for the period | 9904 | -€11,768 | €5,719 | +€17,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,768 | €5,719 | +€17,486 |
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 17 October 2026 via checked.be.