LMS CONCEPT: 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.
LMS CONCEPT
Largest movements
- Financial fixed assets -€40,000
down €40,000 (-93.6%), from €42,750 to €2,750
- Tangible fixed assets +€32,417
up €32,417 (+18.9%), from €171,118 to €203,535
of which Other tangible fixed assets: +€42,814
- Receivables within one year -€16,525
down €16,525 (-62.6%), from €26,387 to €9,862
of which Trade receivables: -€12,033
- Cash +€2,615
up €2,615 (+25.7%), from €10,172 to €12,787
mainly Receivables within one year (+€16,525) and Depreciation (+€15,285)
- Profit (loss) carried forward -€16,494
down €16,494 (-45.4%), from €36,296 to €19,802
- Trade debts +€8,092
up €8,092 (+101.9%), from €7,944 to €16,037
- Debts after one year -€6,354
down €6,354 (-4.2%), from €151,615 to €145,261
- Other debts -€4,104
down €4,104 (-19.1%), from €21,528 to €17,424
- Current portion of long-term debt -€2,772
down €2,772 (-24.9%), from €11,131 to €8,359
- Other operating charges +€39,581
up €39,581 (+3037.1%), from €1,303 to €40,884
- Gross operating margin +€1,773
up €1,773 (+4.3%), from €41,245 to €43,017
- Taxes -€1,485
down €1,485 (-91.3%), from €1,625 to €141
- Depreciation -€640
down €640 (-4.0%), from €15,925 to €15,285
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 | €250,427 | €228,934 | -€21,493 | -8.6% |
| Fixed assets | 21/28 | €213,868 | €206,285 | -€7,583 | -3.5% |
| Tangible fixed assets | 22/27 | €171,118 | €203,535 | +€32,417 | +18.9% |
| Land and buildings | 22 | €142,873 | €136,473 | -€6,400 | -4.5% |
| Furniture and vehicles | 24 | €6,011 | €2,015 | -€3,997 | -66.5% |
| Other tangible fixed assets | 26 | €22,233 | €65,047 | +€42,814 | +192.6% |
| Financial fixed assets | 28 | €42,750 | €2,750 | -€40,000 | -93.6% |
| Current assets | 29/58 | €36,559 | €22,649 | -€13,910 | -38.0% |
| Amounts receivable within one year | 40/41 | €26,387 | €9,862 | -€16,525 | -62.6% |
| Trade receivables | 40 | €21,141 | €9,108 | -€12,033 | -56.9% |
| Other amounts receivable | 41 | €5,246 | €754 | -€4,492 | -85.6% |
| Cash at bank and in hand | 54/58 | €10,172 | €12,787 | +€2,615 | +25.7% |
| Total equity and liabilities | 10/49 | €250,427 | €228,934 | -€21,493 | -8.6% |
| Equity | 10/15 | €56,583 | €40,089 | -€16,494 | -29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,687 | €1,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,687 | €1,687 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,687 | €1,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,296 | €19,802 | -€16,494 | -45.4% |
| Amounts payable | 17/49 | €193,844 | €188,845 | -€4,999 | -2.6% |
| Amounts payable after more than one year | 17 | €151,615 | €145,261 | -€6,354 | -4.2% |
| Financial debts | 170/4 | €151,615 | €145,261 | -€6,354 | -4.2% |
| Amounts payable within one year | 42/48 | €42,229 | €43,584 | +€1,355 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €11,131 | €8,359 | -€2,772 | -24.9% |
| Trade debts | 44 | €7,944 | €16,037 | +€8,092 | +101.9% |
| Suppliers | 440/4 | €7,944 | €16,037 | +€8,092 | +101.9% |
| Taxes, remuneration and social security | 45 | €1,625 | €1,763 | +€138 | +8.5% |
| Taxes | 450/3 | €1,625 | €1,763 | +€138 | +8.5% |
| Other amounts payable | 47/48 | €21,528 | €17,424 | -€4,104 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,925 | €15,285 | -€640 | -4.0% |
| Other operating charges | 640/8 | €1,303 | €40,884 | +€39,581 | +3037.1% |
| Gross operating margin | 9900 | €41,245 | €43,017 | +€1,773 | +4.3% |
| Operating profit (loss) | 9901 | €24,016 | -€13,151 | -€37,167 | |
| Financial income | 75/76B | €0 | €80 | +€80 | +265100.0% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +265100.0% |
| Financial charges | 65/66B | €3,549 | €3,282 | -€267 | -7.5% |
| Recurring financial charges | 65 | €3,549 | €3,282 | -€267 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €20,467 | -€16,353 | -€36,821 | |
| Income taxes | 67/77 | €1,625 | €141 | -€1,485 | -91.3% |
| Profit (loss) for the period | 9904 | €18,842 | -€16,494 | -€35,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,842 | -€16,494 | -€35,336 |
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.