LMGROUP: 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.
LMGROUP
Largest movements
- Cash -€14,744
down €14,744 (-88.1%), from €16,736 to €1,992
mainly Contributions, distributions and other (-€28,000) and Deferred charges and accrued income (-€1,253)
- Receivables within one year -€3,090
down €3,090 (-26.8%), from €11,525 to €8,435
of which Trade receivables: -€2,202
- Tangible fixed assets -€2,131
down €2,131 (-48.3%), from €4,410 to €2,279
- Deferred charges and accrued income +€1,253
new in 2025: €1,253
- Reserves -€28,000
no longer reported in 2025 (was €28,000)
- Profit (loss) carried forward +€6,795
up €6,795 (+10492.5%), from €65 to €6,860
- Tax, wage and social debts +€2,667
up €2,667 (+389.5%), from €685 to €3,352
- Gross operating margin -€3,403
down €3,403 (-21.8%), from €15,622 to €12,219
- Taxes -€865
down €865 (-20.9%), from €4,128 to €3,263
- Depreciation +€341
up €341 (+19.1%), from €1,790 to €2,131
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 | €32,671 | €13,959 | -€18,712 | -57.3% |
| Fixed assets | 21/28 | €4,410 | €2,279 | -€2,131 | -48.3% |
| Tangible fixed assets | 22/27 | €4,410 | €2,279 | -€2,131 | -48.3% |
| Furniture and vehicles | 24 | €4,410 | €2,279 | -€2,131 | -48.3% |
| Current assets | 29/58 | €28,261 | €11,680 | -€16,581 | -58.7% |
| Amounts receivable within one year | 40/41 | €11,525 | €8,435 | -€3,090 | -26.8% |
| Trade receivables | 40 | €9,462 | €7,260 | -€2,202 | -23.3% |
| Other amounts receivable | 41 | €2,063 | €1,175 | -€887 | -43.0% |
| Cash at bank and in hand | 54/58 | €16,736 | €1,992 | -€14,744 | -88.1% |
| Deferred charges and accrued income | 490/1 | - | €1,253 | +€1,253 | |
| Total equity and liabilities | 10/49 | €32,671 | €13,959 | -€18,712 | -57.3% |
| Equity | 10/15 | €30,565 | €9,360 | -€21,205 | -69.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,000 | - | -€28,000 | |
| Distributable reserves | 133 | €28,000 | - | -€28,000 | |
| Profit (loss) carried forward | 14 | €65 | €6,860 | +€6,795 | +10492.5% |
| Amounts payable | 17/49 | €2,106 | €4,599 | +€2,493 | +118.4% |
| Amounts payable within one year | 42/48 | €2,106 | €4,599 | +€2,493 | +118.4% |
| Trade debts | 44 | €1,421 | €1,248 | -€174 | -12.2% |
| Suppliers | 440/4 | €1,421 | €1,248 | -€174 | -12.2% |
| Taxes, remuneration and social security | 45 | €685 | €3,352 | +€2,667 | +389.5% |
| Taxes | 450/3 | €685 | €3,352 | +€2,667 | +389.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €2,131 | +€341 | +19.1% |
| Gross operating margin | 9900 | €15,622 | €12,219 | -€3,403 | -21.8% |
| Operating profit (loss) | 9901 | €13,832 | €10,088 | -€3,744 | -27.1% |
| Financial income | 75/76B | €31 | €66 | +€35 | +111.0% |
| Recurring financial income | 75 | €31 | €66 | +€35 | +111.0% |
| Financial charges | 65/66B | €71 | €95 | +€24 | +34.0% |
| Recurring financial charges | 65 | €71 | €95 | +€24 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €13,792 | €10,058 | -€3,734 | -27.1% |
| Income taxes | 67/77 | €4,128 | €3,263 | -€865 | -20.9% |
| Profit (loss) for the period | 9904 | €9,664 | €6,795 | -€2,869 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,664 | €6,795 | -€2,869 | -29.7% |
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 8 October 2026 via checked.be.