LMS: 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.
LMS
Largest movements
- Tangible fixed assets +€53,473
up €53,473 (+35.3%), from €151,474 to €204,948
of which Furniture and vehicles: +€46,559
- Cash -€15,186
down €15,186 (-7.5%), from €202,717 to €187,531
- Receivables after one year -€8,500
down €8,500 (-94.4%), from €9,000 to €500
- Trade debts +€204,308
up €204,308 (+146.1%), from €139,818 to €344,127
- Tax, wage and social debts -€98,256
down €98,256 (-65.3%), from €150,408 to €52,153
of which Taxes: -€98,991
- Profit (loss) carried forward -€98,206
down €98,206 (-31.1%), from €316,026 to €217,821
- Current portion of long-term debt +€16,667
new in 2025: €16,667
- Staff costs +€295,572
up €295,572 (+28.1%), from €1.1m to €1.3m
- Gross operating margin -€112,859
down €112,859 (-7.6%), from €1.5m to €1.4m
- Depreciation +€55,180
up €55,180 (+853.6%), from €6,464 to €61,644
- Taxes -€48,991
down €48,991 (-49.5%), from €98,991 to €50,000
- Financial charges +€21,076
up €21,076 (+5209.3%), from €405 to €21,481
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,253 | €634,835 | +€24,582 | +4.0% |
| Fixed assets | 21/28 | €151,474 | €204,948 | +€53,473 | +35.3% |
| Tangible fixed assets | 22/27 | €151,474 | €204,948 | +€53,473 | +35.3% |
| Plant, machinery and equipment | 23 | €66,241 | €73,154 | +€6,914 | +10.4% |
| Furniture and vehicles | 24 | €85,234 | €131,793 | +€46,559 | +54.6% |
| Current assets | 29/58 | €458,779 | €429,888 | -€28,891 | -6.3% |
| Amounts receivable after more than one year | 29 | €9,000 | €500 | -€8,500 | -94.4% |
| Other amounts receivable | 291 | €9,000 | €500 | -€8,500 | -94.4% |
| Amounts receivable within one year | 40/41 | €241,114 | €241,857 | +€743 | +0.3% |
| Trade receivables | 40 | €128,042 | €182,564 | +€54,522 | +42.6% |
| Other amounts receivable | 41 | €113,072 | €59,293 | -€53,779 | -47.6% |
| Cash at bank and in hand | 54/58 | €202,717 | €187,531 | -€15,186 | -7.5% |
| Deferred charges and accrued income | 490/1 | €5,948 | - | -€5,948 | |
| Total equity and liabilities | 10/49 | €610,253 | €634,835 | +€24,582 | +4.0% |
| Equity | 10/15 | €320,026 | €221,821 | -€98,206 | -30.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,026 | €217,821 | -€98,206 | -31.1% |
| Amounts payable | 17/49 | €290,227 | €413,015 | +€122,788 | +42.3% |
| Amounts payable within one year | 42/48 | €290,227 | €413,015 | +€122,788 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | - | €16,667 | +€16,667 | |
| Trade debts | 44 | €139,818 | €344,127 | +€204,308 | +146.1% |
| Suppliers | 440/4 | €139,818 | €344,127 | +€204,308 | +146.1% |
| Taxes, remuneration and social security | 45 | €150,408 | €52,153 | -€98,256 | -65.3% |
| Taxes | 450/3 | €98,991 | - | -€98,991 | |
| Remuneration and social security | 454/9 | €51,418 | €52,153 | +€735 | +1.4% |
| Other amounts payable | 47/48 | - | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €1,053,628 | €1,349,200 | +€295,572 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €61,644 | +€55,180 | +853.6% |
| Other operating charges | 640/8 | €2,726 | €5,759 | +€3,033 | +111.3% |
| Non-recurring operating charges | 66A | - | €23,413 | +€23,413 | |
| Gross operating margin | 9900 | €1,489,936 | €1,377,078 | -€112,859 | -7.6% |
| Operating profit (loss) | 9901 | €427,118 | -€62,938 | -€490,056 | |
| Financial income | 75/76B | €249 | €49 | -€200 | -80.4% |
| Recurring financial income | 75 | €249 | €49 | -€200 | -80.4% |
| Financial charges | 65/66B | €405 | €21,481 | +€21,076 | +5209.3% |
| Recurring financial charges | 65 | €405 | €21,481 | +€21,076 | +5209.3% |
| Profit (loss) for the period before taxes | 9903 | €426,963 | -€84,370 | -€511,333 | |
| Income taxes | 67/77 | €98,991 | €50,000 | -€48,991 | -49.5% |
| Profit (loss) for the period | 9904 | €327,972 | -€134,370 | -€462,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €327,972 | -€134,370 | -€462,343 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.