LMDG: 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.
LMDG
Largest movements
- Cash -€29,059
down €29,059 (-87.0%), from €33,383 to €4,324
mainly Current portion of long-term debt (-€23,159) and Receivables within one year (-€16,095)
- Receivables within one year +€16,095
up €16,095 (+118%), from €13,655 to €29,750
of which Trade receivables: +€16,093
- Tangible fixed assets -€10,502
down €10,502 (-16.3%), from €64,386 to €53,884
of which Leasing and similar rights: -€12,373
- Current portion of long-term debt -€23,159
down €23,159 (-90.7%), from €25,524 to €2,365
- Debts after one year -€15,150
down €15,150 (-26.9%), from €56,255 to €41,105
of which Other amounts payable: -€15,150
- Reserves +€9,700
up €9,700 (+808%), from €1,200 to €10,900
of which Distributable reserves: +€8,900
- Tax, wage and social debts +€5,030
up €5,030 (+37.5%), from €13,397 to €18,427
of which Remuneration and social security: +€4,500
- Depreciation +€13,055
up €13,055 (+270%), from €4,833 to €17,888
- Taxes +€1,988
up €1,988 (+67.0%), from €2,968 to €4,956
- Financial charges +€1,241
up €1,241 (+64.2%), from €1,932 to €3,173
of which Financial charges: +€1,286
- Other operating charges -€1,068
down €1,068 (-66.5%), from €1,607 to €539
- Gross operating margin +€963
up €963 (+2.7%), from €35,340 to €36,303
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,174 | €88,708 | -€23,466 | -20.9% |
| Fixed assets | 21/28 | €65,136 | €54,634 | -€10,502 | -16.1% |
| Tangible fixed assets | 22/27 | €64,386 | €53,884 | -€10,502 | -16.3% |
| Furniture and vehicles | 24 | €1,595 | €3,466 | +€1,871 | +117% |
| Leasing and similar rights | 25 | €62,791 | €50,418 | -€12,373 | -19.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €47,038 | €34,074 | -€12,964 | -27.6% |
| Amounts receivable within one year | 40/41 | €13,655 | €29,750 | +€16,095 | +118% |
| Trade receivables | 40 | €12,705 | €28,798 | +€16,093 | +127% |
| Other amounts receivable | 41 | €950 | €952 | +€2 | +0.2% |
| Cash at bank and in hand | 54/58 | €33,383 | €4,324 | -€29,059 | -87.0% |
| Total equity and liabilities | 10/49 | €112,174 | €88,708 | -€23,466 | -20.9% |
| Equity | 10/15 | -€3,473 | €6,274 | +€9,747 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,200 | €10,900 | +€9,700 | +808% |
| Non-distributable reserves | 130/1 | €1,200 | €2,000 | +€800 | +66.7% |
| Legal reserve | 130 | €1,200 | €2,000 | +€800 | +66.7% |
| Distributable reserves | 133 | - | €8,900 | +€8,900 | |
| Profit (loss) carried forward | 14 | -€29,673 | -€29,626 | +€47 | +0.2% |
| Amounts payable | 17/49 | €115,647 | €82,434 | -€33,213 | -28.7% |
| Amounts payable after more than one year | 17 | €56,255 | €41,105 | -€15,150 | -26.9% |
| Financial debts | 170/4 | €41,105 | €41,105 | = | 0.0% |
| Other amounts payable | 178/9 | €15,150 | - | -€15,150 | |
| Amounts payable within one year | 42/48 | €59,392 | €41,329 | -€18,063 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €25,524 | €2,365 | -€23,159 | -90.7% |
| Trade debts | 44 | €2,471 | €2,537 | +€66 | +2.7% |
| Suppliers | 440/4 | €2,471 | €2,537 | +€66 | +2.7% |
| Taxes, remuneration and social security | 45 | €13,397 | €18,427 | +€5,030 | +37.5% |
| Taxes | 450/3 | €13,397 | €13,927 | +€530 | +4.0% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €18,000 | €18,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,833 | €17,888 | +€13,055 | +270% |
| Other operating charges | 640/8 | €1,607 | €539 | -€1,068 | -66.5% |
| Gross operating margin | 9900 | €35,340 | €36,303 | +€963 | +2.7% |
| Operating profit (loss) | 9901 | €28,900 | €17,876 | -€11,024 | -38.1% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €1,932 | €3,173 | +€1,241 | +64.2% |
| Recurring financial charges | 65 | €1,887 | €3,173 | +€1,286 | +68.2% |
| Non-recurring financial charges | 66B | €45 | - | -€45 | |
| Profit (loss) for the period before taxes | 9903 | €26,986 | €14,703 | -€12,283 | -45.5% |
| Income taxes | 67/77 | €2,968 | €4,956 | +€1,988 | +67.0% |
| Profit (loss) for the period | 9904 | €24,018 | €9,747 | -€14,271 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,018 | €9,747 | -€14,271 | -59.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.