LMGCO: 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.
LMGCO
Largest movements
- Receivables within one year +€77,147
up €77,147 (+18.7%), from €411,457 to €488,604
of which Other amounts receivable: +€81,392
- Cash +€58,770
up €58,770 (+7,340%), from €801 to €59,571
mainly Net result for the year (+€133,008) and Tax, wage and social debts (+€12,354)
- Tangible fixed assets -€12,354
down €12,354 (-46.6%), from €26,511 to €14,157
- Profit (loss) carried forward +€133,007
up €133,007 (+37.1%), from €358,293 to €491,301
- Trade debts -€21,799
down €21,799 (-95.6%), from €22,799 to €1,000
- Tax, wage and social debts +€12,354
up €12,354 (+24.9%), from €49,673 to €62,027
of which Taxes: +€15,583
- Turnover -€445,561
no longer reported in 2024 (was €445,561)
- Purchases and services -€164,396
no longer reported in 2024 (was €164,396)
- Other operating charges -€56,334
down €56,334 (-99.5%), from €56,608 to €274
- Gross operating margin +€35,279
up €35,279 (+12.1%), from €291,766 to €327,045
- Staff costs +€18,392
up €18,392 (+16.4%), from €112,430 to €130,822
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 | €467,769 | €591,333 | +€123,564 | +26.4% |
| Fixed assets | 21/28 | €55,511 | €43,157 | -€12,354 | -22.3% |
| Tangible fixed assets | 22/27 | €26,511 | €14,157 | -€12,354 | -46.6% |
| Leasing and similar rights | 25 | €26,511 | €14,157 | -€12,354 | -46.6% |
| Financial fixed assets | 28 | €29,000 | €29,000 | = | 0.0% |
| Current assets | 29/58 | €412,257 | €548,175 | +€135,918 | +33.0% |
| Amounts receivable within one year | 40/41 | €411,457 | €488,604 | +€77,147 | +18.7% |
| Trade receivables | 40 | €11,217 | €6,972 | -€4,244 | -37.8% |
| Other amounts receivable | 41 | €400,240 | €481,632 | +€81,392 | +20.3% |
| Cash at bank and in hand | 54/58 | €801 | €59,571 | +€58,770 | +7,340% |
| Total equity and liabilities | 10/49 | €467,769 | €591,333 | +€123,564 | +26.4% |
| Equity | 10/15 | €366,353 | €499,361 | +€133,007 | +36.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,293 | €491,301 | +€133,007 | +37.1% |
| Amounts payable | 17/49 | €101,415 | €91,972 | -€9,443 | -9.3% |
| Amounts payable after more than one year | 17 | €28,944 | €28,945 | +€1 | 0.0% |
| Financial debts | 170/4 | €28,944 | €28,945 | +€1 | 0.0% |
| Amounts payable within one year | 42/48 | €72,472 | €63,027 | -€9,444 | -13.0% |
| Trade debts | 44 | €22,799 | €1,000 | -€21,799 | -95.6% |
| Suppliers | 440/4 | €22,799 | €1,000 | -€21,799 | -95.6% |
| Taxes, remuneration and social security | 45 | €49,673 | €62,027 | +€12,354 | +24.9% |
| Taxes | 450/3 | €42,308 | €57,891 | +€15,583 | +36.8% |
| Remuneration and social security | 454/9 | €7,364 | €4,136 | -€3,228 | -43.8% |
| Turnover | 70 | €445,561 | - | -€445,561 | |
| Goods, raw materials, services and sundry goods | 60/61 | €164,396 | - | -€164,396 | |
| Remuneration, social security and pensions | 62 | €112,430 | €130,822 | +€18,392 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,354 | €12,354 | = | 0.0% |
| Other operating charges | 640/8 | €56,608 | €274 | -€56,334 | -99.5% |
| Gross operating margin | 9900 | €291,766 | €327,045 | +€35,279 | +12.1% |
| Operating profit (loss) | 9901 | €110,374 | €183,595 | +€73,221 | +66.3% |
| Financial charges | 65/66B | €779 | €448 | -€330 | -42.4% |
| Recurring financial charges | 65 | €779 | €448 | -€330 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €109,596 | €183,147 | +€73,551 | +67.1% |
| Income taxes | 67/77 | €47,392 | €50,139 | +€2,748 | +5.8% |
| Profit (loss) for the period | 9904 | €62,204 | €133,008 | +€70,804 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €62,204 | €133,008 | +€70,804 | +114% |
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 17 October 2026 via checked.be.