LMJ wolu: 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.
LMJ wolu
Largest movements
- Stocks and contracts +€10,038
up €10,038 (+181%), from €5,535 to €15,573
- Cash -€9,546
down €9,546 (-27.9%), from €34,202 to €24,656
mainly Net result for the year (-€12,008) and Stocks and contracts (-€10,038)
- Tangible fixed assets -€2,099
down €2,099 (-41.1%), from €5,112 to €3,013
of which Furniture and vehicles: -€1,652
- Intangible fixed assets -€1,000
down €1,000 (-22.0%), from €4,542 to €3,542
- Profit (loss) carried forward -€12,008
down €12,008 (-20.4%), from -€58,831 to -€70,839
- Tax, wage and social debts +€10,620
up €10,620 (+45.1%), from €23,567 to €34,187
of which Remuneration and social security: +€9,301
- Trade debts -€1,385
down €1,385 (-34.1%), from €4,060 to €2,675
- Staff costs +€64,379
up €64,379 (+98.9%), from €65,078 to €129,457
- Gross operating margin +€47,066
up €47,066 (+69.4%), from €67,832 to €114,898
- Financial income +€11,938
up €11,938 (+4,285%), from €279 to €12,217
- Other operating charges +€3,338
up €3,338 (+400%), from €834 to €4,172
- Depreciation -€2,656
down €2,656 (-46.1%), from €5,756 to €3,100
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.
Derived cash bridge
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 | €50,003 | €47,223 | -€2,780 | -5.6% |
| Fixed assets | 21/28 | €9,750 | €6,650 | -€3,100 | -31.8% |
| Intangible fixed assets | 21 | €4,542 | €3,542 | -€1,000 | -22.0% |
| Tangible fixed assets | 22/27 | €5,112 | €3,013 | -€2,099 | -41.1% |
| Plant, machinery and equipment | 23 | €2,203 | €1,755 | -€448 | -20.3% |
| Furniture and vehicles | 24 | €2,910 | €1,258 | -€1,652 | -56.8% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €40,254 | €40,573 | +€319 | +0.8% |
| Stocks and contracts in progress | 3 | €5,535 | €15,573 | +€10,038 | +181% |
| Stocks | 30/36 | €5,535 | €15,573 | +€10,038 | +181% |
| Cash at bank and in hand | 54/58 | €34,202 | €24,656 | -€9,546 | -27.9% |
| Deferred charges and accrued income | 490/1 | €517 | €344 | -€173 | -33.4% |
| Total equity and liabilities | 10/49 | €50,003 | €47,223 | -€2,780 | -5.6% |
| Equity | 10/15 | -€48,831 | -€60,839 | -€12,008 | -24.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,831 | -€70,839 | -€12,008 | -20.4% |
| Amounts payable | 17/49 | €98,834 | €108,062 | +€9,228 | +9.3% |
| Amounts payable within one year | 42/48 | €98,834 | €108,062 | +€9,228 | +9.3% |
| Trade debts | 44 | €4,060 | €2,675 | -€1,385 | -34.1% |
| Suppliers | 440/4 | €4,060 | €2,675 | -€1,385 | -34.1% |
| Taxes, remuneration and social security | 45 | €23,567 | €34,187 | +€10,620 | +45.1% |
| Taxes | 450/3 | €4,614 | €5,933 | +€1,319 | +28.6% |
| Remuneration and social security | 454/9 | €18,953 | €28,254 | +€9,301 | +49.1% |
| Other amounts payable | 47/48 | €71,208 | €71,200 | -€8 | 0.0% |
| Remuneration, social security and pensions | 62 | €65,078 | €129,457 | +€64,379 | +98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,756 | €3,100 | -€2,656 | -46.1% |
| Other operating charges | 640/8 | €834 | €4,172 | +€3,338 | +400% |
| Gross operating margin | 9900 | €67,832 | €114,898 | +€47,066 | +69.4% |
| Operating profit (loss) | 9901 | -€3,836 | -€21,831 | -€17,995 | -469% |
| Financial income | 75/76B | €279 | €12,217 | +€11,938 | +4,285% |
| Recurring financial income | 75 | €279 | €12,217 | +€11,938 | +4,285% |
| Financial charges | 65/66B | €1,001 | €2,394 | +€1,393 | +139% |
| Recurring financial charges | 65 | €1,001 | €2,394 | +€1,393 | +139% |
| Profit (loss) for the period before taxes | 9903 | -€4,558 | -€12,008 | -€7,450 | -163% |
| Profit (loss) for the period | 9904 | -€4,558 | -€12,008 | -€7,450 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,558 | -€12,008 | -€7,450 | -163% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.