LME: 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.
LME
Largest movements
- Stocks and contracts -€76,952
down €76,952 (-67.8%), from €113,452 to €36,500
- Receivables within one year +€69,182
up €69,182 (+61.1%), from €113,153 to €182,334
of which Trade receivables: +€44,181
- Cash +€33,404
up €33,404 (+100.2%), from €33,346 to €66,750
mainly Accrued charges and deferred income (+€115,716) and Stocks and contracts (+€76,952)
- Tangible fixed assets -€21,859
down €21,859 (-21.7%), from €100,533 to €78,674
of which Plant, machinery and equipment: -€18,659
- Deferred charges and accrued income -€4,197
down €4,197 (-84.1%), from €4,992 to €795
- Accrued charges and deferred income +€115,716
new in 2024: €115,716
- Trade debts -€94,920
down €94,920 (-49.2%), from €192,926 to €98,006
- Debts after one year -€25,000
down €25,000 (-19.5%), from €128,167 to €103,167
- Gross operating margin -€27,710
down €27,710 (-44.8%), from €61,807 to €34,097
- Other operating charges -€5,979
down €5,979 (-64.8%), from €9,222 to €3,243
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.
Cash bridge derived
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 | €365,476 | €365,054 | -€422 | -0.1% |
| Fixed assets | 21/28 | €100,533 | €78,674 | -€21,859 | -21.7% |
| Tangible fixed assets | 22/27 | €100,533 | €78,674 | -€21,859 | -21.7% |
| Plant, machinery and equipment | 23 | €87,233 | €68,574 | -€18,659 | -21.4% |
| Furniture and vehicles | 24 | €13,300 | €10,100 | -€3,200 | -24.1% |
| Current assets | 29/58 | €264,943 | €286,380 | +€21,436 | +8.1% |
| Stocks and contracts in progress | 3 | €113,452 | €36,500 | -€76,952 | -67.8% |
| Stocks | 30/36 | €113,452 | €36,500 | -€76,952 | -67.8% |
| Amounts receivable within one year | 40/41 | €113,153 | €182,334 | +€69,182 | +61.1% |
| Trade receivables | 40 | €68,664 | €112,845 | +€44,181 | +64.3% |
| Other amounts receivable | 41 | €44,489 | €69,490 | +€25,001 | +56.2% |
| Cash at bank and in hand | 54/58 | €33,346 | €66,750 | +€33,404 | +100.2% |
| Deferred charges and accrued income | 490/1 | €4,992 | €795 | -€4,197 | -84.1% |
| Total equity and liabilities | 10/49 | €365,476 | €365,054 | -€422 | -0.1% |
| Equity | 10/15 | €16,210 | €16,711 | +€502 | +3.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,210 | €6,711 | +€502 | +8.1% |
| Distributable reserves | 133 | €6,210 | €6,711 | +€502 | +8.1% |
| Amounts payable | 17/49 | €349,266 | €348,342 | -€924 | -0.3% |
| Amounts payable after more than one year | 17 | €128,167 | €103,167 | -€25,000 | -19.5% |
| Financial debts | 170/4 | €128,167 | €103,167 | -€25,000 | -19.5% |
| Amounts payable within one year | 42/48 | €221,099 | €129,460 | -€91,640 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €192,926 | €98,006 | -€94,920 | -49.2% |
| Suppliers | 440/4 | €192,926 | €98,006 | -€94,920 | -49.2% |
| Taxes, remuneration and social security | 45 | €3,173 | €6,454 | +€3,281 | +103.4% |
| Taxes | 450/3 | €3,173 | €6,454 | +€3,281 | +103.4% |
| Accrued charges and deferred income | 492/3 | - | €115,716 | +€115,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,494 | €25,052 | +€558 | +2.3% |
| Other operating charges | 640/8 | €9,222 | €3,243 | -€5,979 | -64.8% |
| Non-recurring operating charges | 66A | €17,184 | €0 | -€17,184 | -100.0% |
| Gross operating margin | 9900 | €61,807 | €34,097 | -€27,710 | -44.8% |
| Operating profit (loss) | 9901 | €10,907 | €5,802 | -€5,106 | -46.8% |
| Financial income | 75/76B | €631 | €134 | -€497 | -78.8% |
| Recurring financial income | 75 | €631 | €134 | -€497 | -78.8% |
| Financial charges | 65/66B | €2,236 | €2,815 | +€579 | +25.9% |
| Recurring financial charges | 65 | €2,236 | €2,815 | +€579 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €9,302 | €3,121 | -€6,181 | -66.5% |
| Income taxes | 67/77 | €3,019 | €2,619 | -€400 | -13.3% |
| Profit (loss) for the period | 9904 | €6,283 | €502 | -€5,781 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,283 | €502 | -€5,781 | -92.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.