LMGJC Management: 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.
LMGJC Management
Largest movements
- Cash -€209,438
down €209,438 (-91.9%), from €227,873 to €18,435
mainly Investment in fixed assets (net) (-€197,521) and Current portion of long-term debt (-€21,967)
- Tangible fixed assets +€182,684
up €182,684 (+228.4%), from €79,998 to €262,682
of which Land and buildings: +€180,184
- Receivables within one year +€15,406
up €15,406 (+63.1%), from €24,423 to €39,830
of which Other amounts receivable: +€17,606
- Reserves +€30,706
up €30,706 (+12.7%), from €241,213 to €271,919
of which Distributable reserves: +€271,919
- Current portion of long-term debt -€21,967
down €21,967 (-65.8%), from €33,361 to €11,394
- Tax, wage and social debts -€13,813
down €13,813 (-37.8%), from €36,556 to €22,743
- Other debts -€4,969
no longer reported in 2025 (was €4,969)
- Gross operating margin -€142,349
down €142,349 (-61.1%), from €232,986 to €90,637
- Taxes -€56,549
down €56,549 (-76.3%), from €74,075 to €17,526
- Other operating charges +€25,146
up €25,146 (+2887.9%), from €871 to €26,017
- Depreciation +€11,788
up €11,788 (+386.7%), from €3,048 to €14,837
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 | €332,494 | €321,147 | -€11,347 | -3.4% |
| Fixed assets | 21/28 | €80,198 | €262,882 | +€182,684 | +227.8% |
| Tangible fixed assets | 22/27 | €79,998 | €262,682 | +€182,684 | +228.4% |
| Land and buildings | 22 | €61,235 | €241,420 | +€180,184 | +294.2% |
| Plant, machinery and equipment | 23 | €5,032 | €13,405 | +€8,373 | +166.4% |
| Furniture and vehicles | 24 | €13,730 | €7,857 | -€5,873 | -42.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €252,296 | €58,265 | -€194,031 | -76.9% |
| Amounts receivable within one year | 40/41 | €24,423 | €39,830 | +€15,406 | +63.1% |
| Trade receivables | 40 | €18,436 | €16,236 | -€2,200 | -11.9% |
| Other amounts receivable | 41 | €5,987 | €23,593 | +€17,606 | +294.1% |
| Cash at bank and in hand | 54/58 | €227,873 | €18,435 | -€209,438 | -91.9% |
| Total equity and liabilities | 10/49 | €332,494 | €321,147 | -€11,347 | -3.4% |
| Equity | 10/15 | €256,985 | €284,914 | +€27,929 | +10.9% |
| Contributions | 10/11 | €6,874 | €6,874 | = | 0.0% |
| Outside capital | 11 | - | €6,874 | +€6,874 | |
| Other | 1109/19 | - | €6,874 | +€6,874 | |
| Reserves | 13 | €241,213 | €271,919 | +€30,706 | +12.7% |
| Non-distributable reserves | 130/1 | €241,213 | - | -€241,213 | |
| Reserves not available under the articles | 1311 | €241,213 | - | -€241,213 | |
| Distributable reserves | 133 | - | €271,919 | +€271,919 | |
| Profit (loss) carried forward | 14 | €8,898 | €6,122 | -€2,776 | -31.2% |
| Amounts payable | 17/49 | €75,509 | €36,233 | -€39,277 | -52.0% |
| Amounts payable within one year | 42/48 | €75,509 | €36,233 | -€39,277 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €33,361 | €11,394 | -€21,967 | -65.8% |
| Trade debts | 44 | €623 | €2,096 | +€1,473 | +236.4% |
| Suppliers | 440/4 | €623 | €2,096 | +€1,473 | +236.4% |
| Taxes, remuneration and social security | 45 | €36,556 | €22,743 | -€13,813 | -37.8% |
| Taxes | 450/3 | €36,556 | €22,743 | -€13,813 | -37.8% |
| Other amounts payable | 47/48 | €4,969 | - | -€4,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,048 | €14,837 | +€11,788 | +386.7% |
| Other operating charges | 640/8 | €871 | €26,017 | +€25,146 | +2887.9% |
| Gross operating margin | 9900 | €232,986 | €90,637 | -€142,349 | -61.1% |
| Operating profit (loss) | 9901 | €229,067 | €49,784 | -€179,283 | -78.3% |
| Financial income | 75/76B | €2,077 | €571 | -€1,506 | -72.5% |
| Recurring financial income | 75 | €2,077 | €571 | -€1,506 | -72.5% |
| Financial charges | 65/66B | €3,020 | €2,123 | -€897 | -29.7% |
| Recurring financial charges | 65 | €3,020 | €2,123 | -€897 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €228,124 | €48,232 | -€179,892 | -78.9% |
| Income taxes | 67/77 | €74,075 | €17,526 | -€56,549 | -76.3% |
| Profit (loss) for the period | 9904 | €154,049 | €30,706 | -€123,343 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,049 | €30,706 | -€123,343 | -80.1% |
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 5 October 2026 via checked.be.