LMCR: 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.
LMCR
Largest movements
- Receivables within one year +€36,808
up €36,808 (+17.5%), from €210,083 to €246,890
of which Other amounts receivable: +€39,775
- Cash +€5,932
up €5,932 (+55.4%), from €10,712 to €16,643
mainly Net result for the year (+€33,052) and Trade debts (+€10,634)
- Profit (loss) carried forward +€33,052
up €33,052 (+19.3%), from €171,031 to €204,084
- Trade debts +€10,634
up €10,634 (+227.9%), from €4,667 to €15,301
- Other debts -€4,701
no longer reported in 2025 (was €4,701)
- Gross operating margin +€4,440
up €4,440 (+11.7%), from €38,030 to €42,469
- Other operating charges +€2,337
up €2,337 (+211.1%), from €1,107 to €3,444
- Staff costs -€1,280
no longer reported in 2025 (was €1,280)
- Financial charges +€1,128
up €1,128 (+58.7%), from €1,922 to €3,049
- Financial income +€847
up €847 (+9.0%), from €9,372 to €10,219
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 | €228,325 | €269,791 | +€41,466 | +18.2% |
| Fixed assets | 21/28 | €6,635 | €6,257 | -€378 | -5.7% |
| Tangible fixed assets | 22/27 | €1,037 | €659 | -€378 | -36.5% |
| Furniture and vehicles | 24 | €1,037 | €659 | -€378 | -36.5% |
| Financial fixed assets | 28 | €5,599 | €5,599 | = | 0.0% |
| Current assets | 29/58 | €221,690 | €263,534 | +€41,844 | +18.9% |
| Amounts receivable within one year | 40/41 | €210,083 | €246,890 | +€36,808 | +17.5% |
| Trade receivables | 40 | €40,686 | €37,719 | -€2,967 | -7.3% |
| Other amounts receivable | 41 | €169,397 | €209,172 | +€39,775 | +23.5% |
| Cash at bank and in hand | 54/58 | €10,712 | €16,643 | +€5,932 | +55.4% |
| Deferred charges and accrued income | 490/1 | €896 | - | -€896 | |
| Total equity and liabilities | 10/49 | €228,325 | €269,791 | +€41,466 | +18.2% |
| Equity | 10/15 | €191,491 | €224,544 | +€33,052 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,031 | €204,084 | +€33,052 | +19.3% |
| Amounts payable | 17/49 | €36,834 | €45,248 | +€8,414 | +22.8% |
| Amounts payable within one year | 42/48 | €36,834 | €45,248 | +€8,414 | +22.8% |
| Trade debts | 44 | €4,667 | €15,301 | +€10,634 | +227.9% |
| Suppliers | 440/4 | €4,667 | €15,301 | +€10,634 | +227.9% |
| Taxes, remuneration and social security | 45 | €27,466 | €29,947 | +€2,481 | +9.0% |
| Taxes | 450/3 | €27,231 | €29,947 | +€2,716 | +10.0% |
| Remuneration and social security | 454/9 | €235 | - | -€235 | |
| Other amounts payable | 47/48 | €4,701 | - | -€4,701 | |
| Remuneration, social security and pensions | 62 | €1,280 | - | -€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97 | €378 | +€281 | +289.4% |
| Other operating charges | 640/8 | €1,107 | €3,444 | +€2,337 | +211.1% |
| Gross operating margin | 9900 | €38,030 | €42,469 | +€4,440 | +11.7% |
| Operating profit (loss) | 9901 | €35,545 | €38,647 | +€3,102 | +8.7% |
| Financial income | 75/76B | €9,372 | €10,219 | +€847 | +9.0% |
| Recurring financial income | 75 | €9,372 | €10,219 | +€847 | +9.0% |
| Financial charges | 65/66B | €1,922 | €3,049 | +€1,128 | +58.7% |
| Recurring financial charges | 65 | €1,922 | €3,049 | +€1,128 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €42,996 | €45,817 | +€2,821 | +6.6% |
| Income taxes | 67/77 | €12,174 | €12,764 | +€590 | +4.8% |
| Profit (loss) for the period | 9904 | €30,822 | €33,052 | +€2,230 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,822 | €33,052 | +€2,230 | +7.2% |
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 9 October 2026 via checked.be.