LMG Advisory: 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.
LMG Advisory
Largest movements
- Receivables within one year +€9,561
up €9,561 (+119.3%), from €8,013 to €17,574
of which Other amounts receivable: +€5,308
- Tangible fixed assets -€8,131
down €8,131 (-26.8%), from €30,309 to €22,178
- Profit (loss) carried forward +€13,930
up €13,930 (+106.2%), from €13,120 to €27,050
- Debts after one year -€9,465
down €9,465 (-68.2%), from €13,882 to €4,417
of which Financial debts: -€6,583
- Trade debts -€4,302
down €4,302 (-68.3%), from €6,298 to €1,996
- Gross operating margin +€7,064
up €7,064 (+25.2%), from €28,017 to €35,081
- Depreciation +€4,229
up €4,229 (+81.5%), from €5,188 to €9,417
- Taxes +€1,457
up €1,457 (+30.1%), from €4,848 to €6,305
- Financial charges -€488
down €488 (-12.6%), from €3,862 to €3,374
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 | €52,554 | €52,967 | +€413 | +0.8% |
| Fixed assets | 21/28 | €30,855 | €22,585 | -€8,270 | -26.8% |
| Intangible fixed assets | 21 | €546 | €406 | -€139 | -25.5% |
| Tangible fixed assets | 22/27 | €30,309 | €22,178 | -€8,131 | -26.8% |
| Furniture and vehicles | 24 | €30,309 | €22,178 | -€8,131 | -26.8% |
| Current assets | 29/58 | €21,700 | €30,382 | +€8,683 | +40.0% |
| Amounts receivable within one year | 40/41 | €8,013 | €17,574 | +€9,561 | +119.3% |
| Trade receivables | 40 | €8,013 | €12,266 | +€4,252 | +53.1% |
| Other amounts receivable | 41 | - | €5,308 | +€5,308 | |
| Cash at bank and in hand | 54/58 | €11,282 | €10,846 | -€437 | -3.9% |
| Deferred charges and accrued income | 490/1 | €2,404 | €1,963 | -€441 | -18.3% |
| Total equity and liabilities | 10/49 | €52,554 | €52,967 | +€413 | +0.8% |
| Equity | 10/15 | €15,120 | €29,050 | +€13,930 | +92.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,120 | €27,050 | +€13,930 | +106.2% |
| Amounts payable | 17/49 | €37,434 | €23,917 | -€13,517 | -36.1% |
| Amounts payable after more than one year | 17 | €13,882 | €4,417 | -€9,465 | -68.2% |
| Financial debts | 170/4 | €10,560 | €3,977 | -€6,583 | -62.3% |
| Other amounts payable | 178/9 | €3,323 | €441 | -€2,882 | -86.7% |
| Amounts payable within one year | 42/48 | €23,552 | €19,500 | -€4,052 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €6,298 | €6,583 | +€285 | +4.5% |
| Trade debts | 44 | €6,298 | €1,996 | -€4,302 | -68.3% |
| Suppliers | 440/4 | €6,298 | €1,996 | -€4,302 | -68.3% |
| Taxes, remuneration and social security | 45 | €10,956 | €10,921 | -€35 | -0.3% |
| Taxes | 450/3 | €10,956 | €10,921 | -€35 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,188 | €9,417 | +€4,229 | +81.5% |
| Other operating charges | 640/8 | €2,521 | €2,177 | -€344 | -13.6% |
| Gross operating margin | 9900 | €28,017 | €35,081 | +€7,064 | +25.2% |
| Operating profit (loss) | 9901 | €20,308 | €23,487 | +€3,179 | +15.7% |
| Financial income | 75/76B | €6 | €122 | +€116 | +1910.5% |
| Recurring financial income | 75 | €6 | €122 | +€116 | +1910.5% |
| Financial charges | 65/66B | €3,862 | €3,374 | -€488 | -12.6% |
| Recurring financial charges | 65 | €3,862 | €3,374 | -€488 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €16,452 | €20,235 | +€3,783 | +23.0% |
| Income taxes | 67/77 | €4,848 | €6,305 | +€1,457 | +30.1% |
| Profit (loss) for the period | 9904 | €11,604 | €13,930 | +€2,326 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,604 | €13,930 | +€2,326 | +20.0% |
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 6 October 2026 via checked.be.