LMDC 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.
LMDC CONCEPT
Largest movements
- Cash +€31,784
up €31,784 (+66.6%), from €47,701 to €79,485
mainly Depreciation (+€19,319) and Net result for the year (+€11,794)
- Tangible fixed assets -€19,319
down €19,319 (-27.1%), from €71,294 to €51,975
of which Furniture and vehicles: -€13,619
- Receivables within one year +€7,625
up €7,625 (+52.9%), from €14,415 to €22,040
of which Other amounts receivable: +€14,391
- Stocks and contracts +€5,597
up €5,597 (+422.6%), from €1,324 to €6,922
- Other debts +€8,394
new in 2025: €8,394
- Accrued charges and deferred income +€7,642
new in 2025: €7,642
- Trade debts +€5,924
up €5,924 (+898.2%), from €659 to €6,583
- Profit (loss) carried forward +€3,400
up €3,400 (+2.9%), from €118,118 to €121,518
- Gross operating margin +€24,957
up €24,957 (+277.8%), from €8,985 to €33,941
- Depreciation +€3,826
up €3,826 (+24.7%), from €15,493 to €19,319
- Taxes +€1,849
up €1,849 (+881.4%), from €210 to €2,058
- Other operating charges -€1,542
down €1,542 (-60.6%), from €2,544 to €1,002
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 | €138,127 | €164,062 | +€25,936 | +18.8% |
| Fixed assets | 21/28 | €72,494 | €53,175 | -€19,319 | -26.6% |
| Tangible fixed assets | 22/27 | €71,294 | €51,975 | -€19,319 | -27.1% |
| Plant, machinery and equipment | 23 | €20,832 | €15,132 | -€5,700 | -27.4% |
| Furniture and vehicles | 24 | €50,462 | €36,842 | -€13,619 | -27.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €65,633 | €110,888 | +€45,255 | +69.0% |
| Stocks and contracts in progress | 3 | €1,324 | €6,922 | +€5,597 | +422.6% |
| Stocks | 30/36 | €1,324 | €6,922 | +€5,597 | +422.6% |
| Amounts receivable within one year | 40/41 | €14,415 | €22,040 | +€7,625 | +52.9% |
| Trade receivables | 40 | €10,926 | €4,159 | -€6,767 | -61.9% |
| Other amounts receivable | 41 | €3,489 | €17,881 | +€14,391 | +412.4% |
| Cash at bank and in hand | 54/58 | €47,701 | €79,485 | +€31,784 | +66.6% |
| Deferred charges and accrued income | 490/1 | €2,193 | €2,441 | +€249 | +11.3% |
| Total equity and liabilities | 10/49 | €138,127 | €164,062 | +€25,936 | +18.8% |
| Equity | 10/15 | €136,718 | €140,118 | +€3,400 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,118 | €121,518 | +€3,400 | +2.9% |
| Amounts payable | 17/49 | €1,408 | €23,944 | +€22,536 | +1600.2% |
| Amounts payable within one year | 42/48 | €1,408 | €16,303 | +€14,894 | +1057.6% |
| Trade debts | 44 | €659 | €6,583 | +€5,924 | +898.2% |
| Suppliers | 440/4 | €659 | €6,583 | +€5,924 | +898.2% |
| Taxes, remuneration and social security | 45 | €749 | €1,326 | +€577 | +77.0% |
| Taxes | 450/3 | €749 | €1,326 | +€577 | +77.0% |
| Other amounts payable | 47/48 | - | €8,394 | +€8,394 | |
| Accrued charges and deferred income | 492/3 | - | €7,642 | +€7,642 | |
| Remuneration, social security and pensions | 62 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,493 | €19,319 | +€3,826 | +24.7% |
| Other operating charges | 640/8 | €2,544 | €1,002 | -€1,542 | -60.6% |
| Gross operating margin | 9900 | €8,985 | €33,941 | +€24,957 | +277.8% |
| Operating profit (loss) | 9901 | -€9,052 | €13,613 | +€22,666 | |
| Financial income | 75/76B | €189 | €347 | +€157 | +83.1% |
| Recurring financial income | 75 | €189 | €347 | +€157 | +83.1% |
| Financial charges | 65/66B | €97 | €108 | +€12 | +12.0% |
| Recurring financial charges | 65 | €97 | €108 | +€12 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,959 | €13,852 | +€22,811 | |
| Income taxes | 67/77 | €210 | €2,058 | +€1,849 | +881.4% |
| Profit (loss) for the period | 9904 | -€9,169 | €11,794 | +€20,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,169 | €11,794 | +€20,963 |
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 3 October 2026 via checked.be.