LMM-CC: 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.
LMM-CC
Largest movements
- Cash +€143,065
up €143,065 (+578.9%), from €24,714 to €167,780
mainly Debts after one year (+€53,651) and Trade debts (+€50,774)
- Tangible fixed assets +€11,408
up €11,408 (+531.5%), from €2,146 to €13,554
of which Plant, machinery and equipment: +€12,257
- Stocks and contracts +€10,395
up €10,395 (+7.5%), from €138,500 to €148,895
- Receivables within one year +€8,264
new in 2025: €8,264
- Debts after one year +€53,651
up €53,651 (+306.2%), from €17,519 to €71,169
- Trade debts +€50,774
up €50,774 (+2999.1%), from €1,693 to €52,467
- Other debts +€23,534
up €23,534 (+55.5%), from €42,390 to €65,924
- Current portion of long-term debt +€22,275
up €22,275 (+211.2%), from €10,548 to €32,823
- Profit (loss) carried forward +€17,862
up €17,862 (+29.0%), from €61,662 to €79,523
- Gross operating margin +€43,073
up €43,073, from -€16,058 to €27,016
- Financial charges +€3,399
up €3,399 (+133.7%), from €2,543 to €5,941
- Depreciation -€1,469
down €1,469 (-60.7%), from €2,422 to €952
- Other operating charges +€1,162
up €1,162 (+1549.3%), from €75 to €1,237
- Taxes +€933
up €933 (+1030.3%), from €91 to €1,024
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 | €167,183 | €338,493 | +€171,310 | +102.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,146 | €13,554 | +€11,408 | +531.5% |
| Tangible fixed assets | 22/27 | €2,146 | €13,554 | +€11,408 | +531.5% |
| Land and buildings | 22 | €1,414 | €943 | -€471 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | €12,257 | +€12,257 | |
| Furniture and vehicles | 24 | €732 | €354 | -€378 | -51.6% |
| Current assets | 29/58 | €165,037 | €324,939 | +€159,903 | +96.9% |
| Stocks and contracts in progress | 3 | €138,500 | €148,895 | +€10,395 | +7.5% |
| Stocks | 30/36 | €138,500 | €148,895 | +€10,395 | +7.5% |
| Amounts receivable within one year | 40/41 | - | €8,264 | +€8,264 | |
| Other amounts receivable | 41 | - | €8,264 | +€8,264 | |
| Cash at bank and in hand | 54/58 | €24,714 | €167,780 | +€143,065 | +578.9% |
| Deferred charges and accrued income | 490/1 | €1,822 | - | -€1,822 | |
| Total equity and liabilities | 10/49 | €167,183 | €338,493 | +€171,310 | +102.5% |
| Equity | 10/15 | €82,253 | €100,115 | +€17,862 | +21.7% |
| Contributions | 10/11 | €18,600 | €20,592 | +€1,992 | +10.7% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,992 | - | -€1,992 | |
| Non-distributable reserves | 130/1 | €1,992 | - | -€1,992 | |
| Legal reserve | 130 | €1,992 | - | -€1,992 | |
| Profit (loss) carried forward | 14 | €61,662 | €79,523 | +€17,862 | +29.0% |
| Amounts payable | 17/49 | €84,930 | €238,378 | +€153,449 | +180.7% |
| Amounts payable after more than one year | 17 | €17,519 | €71,169 | +€53,651 | +306.2% |
| Financial debts | 170/4 | €17,519 | €71,169 | +€53,651 | +306.2% |
| Amounts payable within one year | 42/48 | €67,411 | €167,209 | +€99,798 | +148.0% |
| Current portion of amounts payable after more than one year | 42 | €10,548 | €32,823 | +€22,275 | +211.2% |
| Financial debts | 43 | €60 | €60 | = | 0.0% |
| Credit institutions | 430/8 | €60 | €60 | = | 0.0% |
| Trade debts | 44 | €1,693 | €52,467 | +€50,774 | +2999.1% |
| Suppliers | 440/4 | €1,693 | €52,467 | +€50,774 | +2999.1% |
| Taxes, remuneration and social security | 45 | €12,720 | €15,936 | +€3,216 | +25.3% |
| Taxes | 450/3 | €12,720 | €8,127 | -€4,593 | -36.1% |
| Remuneration and social security | 454/9 | - | €7,808 | +€7,808 | |
| Other amounts payable | 47/48 | €42,390 | €65,924 | +€23,534 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,422 | €952 | -€1,469 | -60.7% |
| Other operating charges | 640/8 | €75 | €1,237 | +€1,162 | +1549.3% |
| Gross operating margin | 9900 | -€16,058 | €27,016 | +€43,073 | |
| Operating profit (loss) | 9901 | -€18,555 | €24,826 | +€43,381 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,543 | €5,941 | +€3,399 | +133.7% |
| Recurring financial charges | 65 | €2,543 | €5,941 | +€3,399 | +133.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,097 | €18,886 | +€39,983 | |
| Income taxes | 67/77 | €91 | €1,024 | +€933 | +1030.3% |
| Profit (loss) for the period | 9904 | -€21,188 | €17,862 | +€39,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,188 | €17,862 | +€39,050 |
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 12 October 2026 via checked.be.