LMG OPTIMIZE: 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.
LMG OPTIMIZE
Largest movements
- Cash -€69,435
down €69,435 (-64.9%), from €106,924 to €37,489
mainly Contributions, distributions and other (-€121,565) and Debts after one year (-€9,064)
- Tangible fixed assets -€10,395
down €10,395 (-46.4%), from €22,386 to €11,991
of which Furniture and vehicles: -€10,742
- Receivables within one year +€4,078
up €4,078 (+12.0%), from €33,950 to €38,028
of which Trade receivables: +€3,687
- Reserves -€68,723
down €68,723 (-56.5%), from €121,565 to €52,842
- Debts after one year -€9,064
no longer reported in 2026 (was €9,064)
- Tax, wage and social debts -€7,091
down €7,091 (-42.3%), from €16,771 to €9,679
- Accrued charges and deferred income +€5,917
new in 2026: €5,917
- Trade debts +€4,181
up €4,181 (+1,966%), from €213 to €4,394
- Gross operating margin +€2,288
up €2,288 (+2.7%), from €83,922 to €86,210
- Depreciation -€1,002
down €1,002 (-7.5%), from €13,358 to €12,356
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,454 | €90,611 | -€75,843 | -45.6% |
| Fixed assets | 21/28 | €22,386 | €11,991 | -€10,395 | -46.4% |
| Tangible fixed assets | 22/27 | €22,386 | €11,991 | -€10,395 | -46.4% |
| Plant, machinery and equipment | 23 | €688 | €1,035 | +€347 | +50.4% |
| Furniture and vehicles | 24 | €21,698 | €10,956 | -€10,742 | -49.5% |
| Current assets | 29/58 | €144,068 | €78,620 | -€65,447 | -45.4% |
| Amounts receivable within one year | 40/41 | €33,950 | €38,028 | +€4,078 | +12.0% |
| Trade receivables | 40 | €28,929 | €32,616 | +€3,687 | +12.7% |
| Other amounts receivable | 41 | €5,022 | €5,412 | +€391 | +7.8% |
| Cash at bank and in hand | 54/58 | €106,924 | €37,489 | -€69,435 | -64.9% |
| Deferred charges and accrued income | 490/1 | €3,193 | €3,103 | -€90 | -2.8% |
| Total equity and liabilities | 10/49 | €166,454 | €90,611 | -€75,843 | -45.6% |
| Equity | 10/15 | €126,565 | €57,842 | -€68,723 | -54.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,565 | €52,842 | -€68,723 | -56.5% |
| Distributable reserves | 133 | €121,565 | €52,842 | -€68,723 | -56.5% |
| Amounts payable | 17/49 | €39,889 | €32,769 | -€7,120 | -17.8% |
| Amounts payable after more than one year | 17 | €9,064 | - | -€9,064 | |
| Financial debts | 170/4 | €9,064 | - | -€9,064 | |
| Amounts payable within one year | 42/48 | €30,824 | €26,852 | -€3,972 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €9,751 | €9,064 | -€687 | -7.0% |
| Trade debts | 44 | €213 | €4,394 | +€4,181 | +1,966% |
| Suppliers | 440/4 | €213 | €4,394 | +€4,181 | +1,966% |
| Taxes, remuneration and social security | 45 | €16,771 | €9,679 | -€7,091 | -42.3% |
| Taxes | 450/3 | €16,771 | €9,679 | -€7,091 | -42.3% |
| Other amounts payable | 47/48 | €4,090 | €3,715 | -€375 | -9.2% |
| Accrued charges and deferred income | 492/3 | - | €5,917 | +€5,917 | |
| Remuneration, social security and pensions | 62 | €847 | €270 | -€578 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,358 | €12,356 | -€1,002 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €144 | +€144 | |
| Other operating charges | 640/8 | €669 | €648 | -€21 | -3.2% |
| Gross operating margin | 9900 | €83,922 | €86,210 | +€2,288 | +2.7% |
| Operating profit (loss) | 9901 | €69,047 | €72,792 | +€3,745 | +5.4% |
| Financial income | 75/76B | €162 | €28 | -€133 | -82.5% |
| Recurring financial income | 75 | €162 | €28 | -€133 | -82.5% |
| Financial charges | 65/66B | €452 | €335 | -€117 | -25.9% |
| Recurring financial charges | 65 | €452 | €335 | -€117 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €68,757 | €72,486 | +€3,729 | +5.4% |
| Income taxes | 67/77 | €18,891 | €19,644 | +€753 | +4.0% |
| Profit (loss) for the period | 9904 | €49,866 | €52,842 | +€2,976 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,866 | €52,842 | +€2,976 | +6.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.