LMD CONCEPT: what changed
Two fiscal 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.
LMD CONCEPT
Largest movements
- Cash +€86,108
up €86,108 (+190.8%), from €45,134 to €131,241
mainly Net result for the year (+€47,033) and Tax, wage and social debts (+€21,603)
- Tangible fixed assets -€11,062
down €11,062 (-37.8%), from €29,261 to €18,199
of which Furniture and vehicles: -€8,309
- Receivables after one year -€5,767
no longer reported in 2025 (was €5,767)
- Stocks and contracts +€3,900
up €3,900 (+59.1%), from €6,600 to €10,500
- Deferred charges and accrued income -€3,024
down €3,024 (-52.1%), from €5,805 to €2,780
- Profit (loss) carried forward +€47,033
up €47,033 (+49.8%), from €94,435 to €141,468
- Tax, wage and social debts +€21,603
up €21,603 (+872.5%), from €2,476 to €24,079
of which Taxes: +€15,713
- Trade debts +€10,520
up €10,520 (+120.4%), from €8,737 to €19,257
- Other debts -€7,344
down €7,344 (-67.1%), from €10,937 to €3,593
- Gross operating margin +€16,220
up €16,220 (+22.1%), from €73,479 to €89,699
- Other operating charges +€7,336
up €7,336 (+270.5%), from €2,712 to €10,048
- Depreciation +€5,128
up €5,128 (+86.4%), from €5,934 to €11,062
- Staff costs -€2,943
no longer reported in 2025 (was €2,943)
- Taxes +€2,183
up €2,183 (+12.8%), from €17,092 to €19,275
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 | €124,646 | €196,457 | +€71,811 | +57.6% |
| Fixed assets | 21/28 | €29,311 | €18,249 | -€11,062 | -37.7% |
| Tangible fixed assets | 22/27 | €29,261 | €18,199 | -€11,062 | -37.8% |
| Plant, machinery and equipment | 23 | €6,007 | €3,255 | -€2,753 | -45.8% |
| Furniture and vehicles | 24 | €23,254 | €14,944 | -€8,309 | -35.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €95,335 | €178,208 | +€82,873 | +86.9% |
| Amounts receivable after more than one year | 29 | €5,767 | - | -€5,767 | |
| Trade receivables | 290 | €5,767 | - | -€5,767 | |
| Stocks and contracts in progress | 3 | €6,600 | €10,500 | +€3,900 | +59.1% |
| Stocks | 30/36 | €6,600 | €10,500 | +€3,900 | +59.1% |
| Amounts receivable within one year | 40/41 | €32,029 | €33,686 | +€1,657 | +5.2% |
| Trade receivables | 40 | €20,326 | €30,851 | +€10,525 | +51.8% |
| Other amounts receivable | 41 | €11,702 | €2,835 | -€8,868 | -75.8% |
| Cash at bank and in hand | 54/58 | €45,134 | €131,241 | +€86,108 | +190.8% |
| Deferred charges and accrued income | 490/1 | €5,805 | €2,780 | -€3,024 | -52.1% |
| Total equity and liabilities | 10/49 | €124,646 | €196,457 | +€71,811 | +57.6% |
| Equity | 10/15 | €102,495 | €149,528 | +€47,033 | +45.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €94,435 | €141,468 | +€47,033 | +49.8% |
| Amounts payable | 17/49 | €22,151 | €46,929 | +€24,779 | +111.9% |
| Amounts payable within one year | 42/48 | €22,151 | €46,929 | +€24,779 | +111.9% |
| Trade debts | 44 | €8,737 | €19,257 | +€10,520 | +120.4% |
| Suppliers | 440/4 | €8,737 | €19,257 | +€10,520 | +120.4% |
| Taxes, remuneration and social security | 45 | €2,476 | €24,079 | +€21,603 | +872.5% |
| Taxes | 450/3 | €453 | €16,165 | +€15,713 | +3472.2% |
| Remuneration and social security | 454/9 | €2,023 | €7,914 | +€5,891 | +291.1% |
| Other amounts payable | 47/48 | €10,937 | €3,593 | -€7,344 | -67.1% |
| Remuneration, social security and pensions | 62 | €2,943 | - | -€2,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,934 | €11,062 | +€5,128 | +86.4% |
| Other operating charges | 640/8 | €2,712 | €10,048 | +€7,336 | +270.5% |
| Gross operating margin | 9900 | €73,479 | €89,699 | +€16,220 | +22.1% |
| Operating profit (loss) | 9901 | €61,890 | €68,589 | +€6,699 | +10.8% |
| Financial income | 75/76B | €67 | €16 | -€51 | -76.5% |
| Recurring financial income | 75 | €67 | €16 | -€51 | -76.5% |
| Financial charges | 65/66B | €2,014 | €2,297 | +€283 | +14.0% |
| Recurring financial charges | 65 | €2,014 | €2,297 | +€283 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €59,942 | €66,308 | +€6,366 | +10.6% |
| Income taxes | 67/77 | €17,092 | €19,275 | +€2,183 | +12.8% |
| Profit (loss) for the period | 9904 | €42,850 | €47,033 | +€4,182 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,850 | €47,033 | +€4,182 | +9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.