LMCHOP: 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.
LMCHOP
Largest movements
- Current investments +€536,179
up €536,179 (+18.3%), from €2.9m to €3.5m
- Cash +€197,008
up €197,008 (+493%), from €39,923 to €236,931
mainly Net result for the year (+€671,084) and Depreciation (+€192,925)
- Receivables within one year -€135,309
down €135,309 (-61.5%), from €219,956 to €84,648
of which Trade receivables: -€135,154
- Stocks and contracts -€88,251
down €88,251 (-24.0%), from €368,163 to €279,911
- Reserves +€508,598
up €508,598 (+13.9%), from €3.7m to €4.2m
- Tax, wage and social debts -€106,259
down €106,259 (-72.4%), from €146,728 to €40,469
of which Taxes: -€107,995
- Trade debts +€69,250
up €69,250 (+27.9%), from €247,925 to €317,175
- Financial income +€59,787
up €59,787 (+99.3%), from €60,191 to €119,978
- Gross operating margin -€44,166
down €44,166 (-2.9%), from €1.5m to €1.5m
- Taxes -€38,773
down €38,773 (-13.5%), from €287,914 to €249,141
- Staff costs +€27,007
up €27,007 (+6.1%), from €444,757 to €471,764
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 | €4,091,865 | €4,560,860 | +€468,996 | +11.5% |
| Fixed assets | 21/28 | €528,864 | €487,820 | -€41,043 | -7.8% |
| Tangible fixed assets | 22/27 | €528,616 | €487,573 | -€41,043 | -7.8% |
| Plant, machinery and equipment | 23 | €376,677 | €327,293 | -€49,385 | -13.1% |
| Furniture and vehicles | 24 | €9,351 | €66,974 | +€57,622 | +616% |
| Other tangible fixed assets | 26 | €142,587 | €93,306 | -€49,281 | -34.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €3,563,001 | €4,073,040 | +€510,039 | +14.3% |
| Stocks and contracts in progress | 3 | €368,163 | €279,911 | -€88,251 | -24.0% |
| Stocks | 30/36 | €368,163 | €279,911 | -€88,251 | -24.0% |
| Amounts receivable within one year | 40/41 | €219,956 | €84,648 | -€135,309 | -61.5% |
| Trade receivables | 40 | €209,591 | €74,437 | -€135,154 | -64.5% |
| Other amounts receivable | 41 | €10,366 | €10,211 | -€155 | -1.5% |
| Current investments | 50/53 | €2,927,310 | €3,463,488 | +€536,179 | +18.3% |
| Cash at bank and in hand | 54/58 | €39,923 | €236,931 | +€197,008 | +493% |
| Deferred charges and accrued income | 490/1 | €7,649 | €8,061 | +€412 | +5.4% |
| Total equity and liabilities | 10/49 | €4,091,865 | €4,560,860 | +€468,996 | +11.5% |
| Equity | 10/15 | €3,687,777 | €4,196,374 | +€508,598 | +13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,667,777 | €4,176,374 | +€508,598 | +13.9% |
| Distributable reserves | 133 | €3,667,777 | €4,176,374 | +€508,598 | +13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €404,088 | €364,486 | -€39,602 | -9.8% |
| Amounts payable within one year | 42/48 | €400,588 | €360,986 | -€39,602 | -9.9% |
| Trade debts | 44 | €247,925 | €317,175 | +€69,250 | +27.9% |
| Suppliers | 440/4 | €247,925 | €317,175 | +€69,250 | +27.9% |
| Taxes, remuneration and social security | 45 | €146,728 | €40,469 | -€106,259 | -72.4% |
| Taxes | 450/3 | €115,929 | €7,934 | -€107,995 | -93.2% |
| Remuneration and social security | 454/9 | €30,799 | €32,535 | +€1,736 | +5.6% |
| Other amounts payable | 47/48 | €5,934 | €3,342 | -€2,593 | -43.7% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €444,757 | €471,764 | +€27,007 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,128 | €192,925 | -€11,203 | -5.5% |
| Other operating charges | 640/8 | €10,799 | €13,735 | +€2,936 | +27.2% |
| Gross operating margin | 9900 | €1,528,745 | €1,484,578 | -€44,166 | -2.9% |
| Operating profit (loss) | 9901 | €869,061 | €806,155 | -€62,907 | -7.2% |
| Financial income | 75/76B | €60,191 | €119,978 | +€59,787 | +99.3% |
| Recurring financial income | 75 | €60,191 | €119,978 | +€59,787 | +99.3% |
| Financial charges | 65/66B | €2,792 | €5,907 | +€3,115 | +112% |
| Recurring financial charges | 65 | €2,792 | €5,907 | +€3,115 | +112% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €926,459 | €920,225 | -€6,234 | -0.7% |
| Income taxes | 67/77 | €287,914 | €249,141 | -€38,773 | -13.5% |
| Profit (loss) for the period | 9904 | €638,545 | €671,084 | +€32,538 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €638,545 | €671,084 | +€32,538 | +5.1% |
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 19 October 2026 via checked.be.