LMFV: 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.
LMFV
Largest movements
- Receivables within one year -€3,774
no longer reported in 2025 (was €3,774)
of which Trade receivables: -€3,154
- Profit (loss) carried forward -€3,936
down €3,936 (-59.5%), from -€6,612 to -€10,547
- Gross operating margin +€1,019
up €1,019 (+66.5%), from -€1,533 to -€513
- Other operating charges +€265
new in 2025: €265
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,874 | €13,094 | -€3,780 | -22.4% |
| Fixed assets | 21/28 | €10,600 | €10,600 | = | 0.0% |
| Financial fixed assets | 28 | €10,600 | €10,600 | = | 0.0% |
| Current assets | 29/58 | €6,274 | €2,494 | -€3,780 | -60.2% |
| Stocks and contracts in progress | 3 | €2,455 | €2,455 | = | 0.0% |
| Stocks | 30/36 | €2,455 | €2,455 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,774 | - | -€3,774 | |
| Trade receivables | 40 | €3,154 | - | -€3,154 | |
| Other amounts receivable | 41 | €621 | - | -€621 | |
| Cash at bank and in hand | 54/58 | €44 | €39 | -€5 | -11.8% |
| Total equity and liabilities | 10/49 | €16,874 | €13,094 | -€3,780 | -22.4% |
| Equity | 10/15 | €5,388 | €1,453 | -€3,936 | -73.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,612 | -€10,547 | -€3,936 | -59.5% |
| Amounts payable | 17/49 | €11,486 | €11,642 | +€156 | +1.4% |
| Amounts payable within one year | 42/48 | €11,486 | €11,642 | +€156 | +1.4% |
| Other amounts payable | 47/48 | €11,486 | €11,642 | +€156 | +1.4% |
| Other operating charges | 640/8 | - | €265 | +€265 | |
| Gross operating margin | 9900 | -€1,533 | -€513 | +€1,019 | +66.5% |
| Operating profit (loss) | 9901 | -€1,533 | -€778 | +€755 | +49.2% |
| Financial charges | 65/66B | €139 | €139 | = | 0.0% |
| Recurring financial charges | 65 | €139 | €139 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,672 | -€917 | +€755 | +45.1% |
| Profit (loss) for the period | 9904 | -€1,672 | -€917 | +€755 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,672 | -€917 | +€755 | +45.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.