LMK: 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.
LMK
Largest movements
- Tangible fixed assets -€31,490
down €31,490 (-5.9%), from €532,108 to €500,618
of which Land and buildings: -€27,981
- Receivables within one year +€23,887
up €23,887 (+284.6%), from €8,393 to €32,280
of which Trade receivables: +€15,102
- Cash +€13,605
up €13,605 (+48.7%), from €27,919 to €41,524
mainly Depreciation (+€31,490) and Tax, wage and social debts (+€13,609)
- Tax, wage and social debts +€13,609
up €13,609 (+64.4%), from €21,147 to €34,756
of which Taxes: +€11,426
- Current portion of long-term debt -€12,647
down €12,647 (-52.8%), from €23,931 to €11,284
- Turnover +€92,353
new in 2023: €92,353
- Other operating charges -€58,093
down €58,093 (-95.5%), from €60,821 to €2,728
- Purchases and services +€54,564
new in 2023: €54,564
- Depreciation -€6,553
down €6,553 (-17.2%), from €38,043 to €31,490
- Financial charges -€5,272
no longer reported in 2023 (was €5,272)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €568,420 | €574,422 | +€6,003 | +1.1% |
| Fixed assets | 21/28 | €532,108 | €500,618 | -€31,490 | -5.9% |
| Tangible fixed assets | 22/27 | €532,108 | €500,618 | -€31,490 | -5.9% |
| Land and buildings | 22 | €524,591 | €496,610 | -€27,981 | -5.3% |
| Furniture and vehicles | 24 | €7,516 | €4,008 | -€3,508 | -46.7% |
| Current assets | 29/58 | €36,312 | €73,804 | +€37,492 | +103.2% |
| Amounts receivable within one year | 40/41 | €8,393 | €32,280 | +€23,887 | +284.6% |
| Trade receivables | 40 | - | €15,102 | +€15,102 | |
| Other amounts receivable | 41 | €8,393 | €17,178 | +€8,785 | +104.7% |
| Cash at bank and in hand | 54/58 | €27,919 | €41,524 | +€13,605 | +48.7% |
| Total equity and liabilities | 10/49 | €568,420 | €574,422 | +€6,003 | +1.1% |
| Equity | 10/15 | €307,881 | €313,598 | +€5,716 | +1.9% |
| Contributions | 10/11 | €377,000 | €377,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,119 | -€63,402 | +€5,716 | +8.3% |
| Amounts payable | 17/49 | €260,539 | €260,825 | +€286 | +0.1% |
| Amounts payable after more than one year | 17 | €213,270 | €214,784 | +€1,515 | +0.7% |
| Financial debts | 170/4 | €213,270 | €214,784 | +€1,515 | +0.7% |
| Amounts payable within one year | 42/48 | €47,269 | €46,040 | -€1,229 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €23,931 | €11,284 | -€12,647 | -52.8% |
| Trade debts | 44 | €7 | - | -€7 | |
| Suppliers | 440/4 | €7 | - | -€7 | |
| Taxes, remuneration and social security | 45 | €21,147 | €34,756 | +€13,609 | +64.4% |
| Taxes | 450/3 | €14,653 | €26,079 | +€11,426 | +78.0% |
| Remuneration and social security | 454/9 | €6,493 | €8,677 | +€2,183 | +33.6% |
| Other amounts payable | 47/48 | €2,184 | - | -€2,184 | |
| Turnover | 70 | - | €92,353 | +€92,353 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €54,564 | +€54,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,043 | €31,490 | -€6,553 | -17.2% |
| Other operating charges | 640/8 | €60,821 | €2,728 | -€58,093 | -95.5% |
| Gross operating margin | 9900 | €35,016 | €39,934 | +€4,917 | +14.0% |
| Operating profit (loss) | 9901 | -€63,847 | €5,716 | +€69,564 | |
| Financial charges | 65/66B | €5,272 | - | -€5,272 | |
| Recurring financial charges | 65 | €5,272 | - | -€5,272 | |
| Profit (loss) for the period before taxes | 9903 | -€69,119 | €5,716 | +€74,835 | |
| Profit (loss) for the period | 9904 | -€69,119 | €5,716 | +€74,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,119 | €5,716 | +€74,835 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.