LMCONNECT: 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.
LMCONNECT
Largest movements
- Cash +€20,774
up €20,774 (+33.4%), from €62,157 to €82,931
mainly Current investments (+€10,057) and Depreciation (+€5,721)
- Current investments -€10,057
down €10,057 (-3.3%), from €304,909 to €294,852
- Tangible fixed assets -€5,721
down €5,721 (-11.0%), from €51,867 to €46,146
of which Land and buildings: -€5,721
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€28,328
up €28,328, from -€21,686 to €6,642
- Financial charges +€2,479
up €2,479 (+95.6%), from -€2,594 to -€114
- Financial income +€470
up €470 (+127.8%), from €368 to €838
- Depreciation -€393
down €393 (-6.4%), from €6,115 to €5,721
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 | €440,909 | €445,733 | +€4,824 | +1.1% |
| Fixed assets | 21/28 | €51,867 | €46,146 | -€5,721 | -11.0% |
| Tangible fixed assets | 22/27 | €51,867 | €46,146 | -€5,721 | -11.0% |
| Land and buildings | 22 | €51,867 | €46,146 | -€5,721 | -11.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €389,042 | €399,587 | +€10,545 | +2.7% |
| Amounts receivable within one year | 40/41 | €12,626 | €12,454 | -€172 | -1.4% |
| Trade receivables | 40 | €10,898 | €6,456 | -€4,442 | -40.8% |
| Other amounts receivable | 41 | €1,728 | €5,998 | +€4,269 | +247.0% |
| Current investments | 50/53 | €304,909 | €294,852 | -€10,057 | -3.3% |
| Cash at bank and in hand | 54/58 | €62,157 | €82,931 | +€20,774 | +33.4% |
| Deferred charges and accrued income | 490/1 | €9,350 | €9,350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €440,909 | €445,733 | +€4,824 | +1.1% |
| Equity | 10/15 | €307,347 | €307,579 | +€232 | +0.1% |
| Contributions | 10/11 | €12,550 | €12,550 | = | 0.0% |
| Reserves | 13 | €300,648 | €300,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,384 | €15,384 | = | 0.0% |
| Distributable reserves | 133 | €285,264 | €285,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,851 | -€5,619 | +€232 | +4.0% |
| Amounts payable | 17/49 | €133,562 | €138,153 | +€4,592 | +3.4% |
| Amounts payable within one year | 42/48 | €132,577 | €136,582 | +€4,005 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,707 | €5,898 | +€2,191 | +59.1% |
| Suppliers | 440/4 | €3,707 | €5,898 | +€2,191 | +59.1% |
| Taxes, remuneration and social security | 45 | €139 | €2,004 | +€1,865 | +1341.6% |
| Taxes | 450/3 | €139 | €2,004 | +€1,865 | +1341.6% |
| Other amounts payable | 47/48 | €128,731 | €128,680 | -€51 | 0.0% |
| Accrued charges and deferred income | 492/3 | €985 | €1,571 | +€586 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,115 | €5,721 | -€393 | -6.4% |
| Other operating charges | 640/8 | €1,186 | €1,214 | +€28 | +2.4% |
| Gross operating margin | 9900 | -€21,686 | €6,642 | +€28,328 | |
| Operating profit (loss) | 9901 | -€28,987 | -€293 | +€28,693 | +99.0% |
| Financial income | 75/76B | €368 | €838 | +€470 | +127.8% |
| Recurring financial income | 75 | €368 | €838 | +€470 | +127.8% |
| Financial charges | 65/66B | -€2,594 | -€114 | +€2,479 | +95.6% |
| Recurring financial charges | 65 | -€2,594 | -€114 | +€2,479 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,026 | €659 | +€26,684 | |
| Income taxes | 67/77 | €501 | €427 | -€74 | -14.8% |
| Profit (loss) for the period | 9904 | -€26,526 | €232 | +€26,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,526 | €232 | +€26,758 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.