LMS-SYSTEMS: 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.
What changed
LMS-SYSTEMS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€723,776
2024 · €548,106+€175,670
Equity
€5.8m
2024 · €5.0m+€723,776
Cash
€1.8m
2024 · €2.1m-€270,486
Balance sheet total
€6.8m
2024 · €6.3m+€459,255
Largest movements
Assets
- Current investments +€817,000
up €817,000 (+76.4%), from €1.1m to €1.9m
- Cash -€270,486
down €270,486 (-12.9%), from €2.1m to €1.8m
mainly Current investments (-€817,000) and Other debts (-€306,737)
Equity and liabilities
- Reserves +€723,776
up €723,776 (+15.9%), from €4.5m to €5.3m
of which Distributable reserves: +€725,854
- Other debts -€306,737
down €306,737 (-48.3%), from €635,095 to €328,358
- Tax, wage and social debts +€113,075
up €113,075 (+450%), from €25,108 to €138,183
Income statement
- Other operating charges -€229,182
down €229,182 (-94.7%), from €241,892 to €12,710
- Taxes +€70,798
up €70,798 (+35.8%), from €197,796 to €268,594
- Financial income +€24,964
up €24,964 (+137%), from €18,176 to €43,140
- Write-downs +€15,590
up €15,590, from -€4,600 to €10,990
- Gross operating margin +€14,812
up €14,812 (+1.4%), from €1.0m to €1.0m
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.
Result 2024
€548,106
Gross operating margin
+€14,812
Depreciation
-€43
Write-downs
-€15,590
Other operating charges
+€229,182
Financial income
+€24,964
Financial charges
-€6,857
Taxes
-€70,798
Result 2025
€723,776
raises the resultlowers the result
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.
From operations
+€601,500
Investment
-€818,000
Financing
-€53,987
Cash 2024
€2.1m
From operations (derived)
+€601,500
Net result for the year
+€723,776
Depreciation
+€53,474
Receivables within one year
+€29,580
Deferred charges and accrued income
+€5,205
Provisions
-€1,070
Trade debts
-€15,802
Tax, wage and social debts
+€113,075
Other debts
-€306,737
Investment (derived)
-€818,000
Investment in fixed assets (net)
-€1,000
Current investments
-€817,000
Financing
-€53,987
Debts after one year
-€21,202
Current portion of long-term debt
+€415
Short-term financial debts
-€33,200
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,294,317 | €6,753,571 | +€459,255 | +7.3% |
| Fixed assets | 21/28 | €1,668,178 | €1,615,704 | -€52,474 | -3.1% |
| Tangible fixed assets | 22/27 | €1,010,475 | €957,001 | -€53,474 | -5.3% |
| Land and buildings | 22 | €980,624 | €936,010 | -€44,614 | -4.5% |
| Plant, machinery and equipment | 23 | €527 | €391 | -€136 | -25.8% |
| Furniture and vehicles | 24 | €29,325 | €20,601 | -€8,724 | -29.8% |
| Financial fixed assets | 28 | €657,703 | €658,703 | +€1,000 | +0.2% |
| Current assets | 29/58 | €4,626,138 | €5,137,867 | +€511,729 | +11.1% |
| Amounts receivable within one year | 40/41 | €1,448,324 | €1,418,744 | -€29,580 | -2.0% |
| Trade receivables | 40 | €509,924 | €328,100 | -€181,824 | -35.7% |
| Other amounts receivable | 41 | €938,400 | €1,090,644 | +€152,244 | +16.2% |
| Current investments | 50/53 | €1,068,691 | €1,885,691 | +€817,000 | +76.4% |
| Cash at bank and in hand | 54/58 | €2,100,248 | €1,829,762 | -€270,486 | -12.9% |
| Deferred charges and accrued income | 490/1 | €8,875 | €3,670 | -€5,205 | -58.6% |
| Total equity and liabilities | 10/49 | €6,294,317 | €6,753,571 | +€459,255 | +7.3% |
| Equity | 10/15 | €5,028,554 | €5,752,330 | +€723,776 | +14.4% |
| Contributions | 10/11 | €487,605 | €487,605 | = | 0.0% |
| Contributions outside capital | 11 | €487,605 | €487,605 | = | 0.0% |
| Other | 1109/19 | €487,605 | €487,605 | = | 0.0% |
| Reserves | 13 | €4,540,949 | €5,264,725 | +€723,776 | +15.9% |
| Tax-exempt reserves | 132 | €4,156 | €2,078 | -€2,078 | -50.0% |
| Distributable reserves | 133 | €4,536,793 | €5,262,647 | +€725,854 | +16.0% |
| Provisions and deferred taxes | 16 | €2,141 | €1,070 | -€1,070 | -50.0% |
| Deferred taxes | 168 | €2,141 | €1,070 | -€1,070 | -50.0% |
| Amounts payable | 17/49 | €1,263,622 | €1,000,171 | -€263,451 | -20.8% |
| Amounts payable after more than one year | 17 | €468,973 | €447,771 | -€21,202 | -4.5% |
| Financial debts | 170/4 | €468,973 | €447,771 | -€21,202 | -4.5% |
| Amounts payable within one year | 42/48 | €792,124 | €549,876 | -€242,249 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €20,787 | €21,202 | +€415 | +2.0% |
| Financial debts | 43 | €66,978 | €33,778 | -€33,200 | -49.6% |
| Credit institutions | 430/8 | €66,978 | €33,778 | -€33,200 | -49.6% |
| Trade debts | 44 | €44,156 | €28,354 | -€15,802 | -35.8% |
| Suppliers | 440/4 | €44,156 | €28,354 | -€15,802 | -35.8% |
| Taxes, remuneration and social security | 45 | €25,108 | €138,183 | +€113,075 | +450% |
| Taxes | 450/3 | €25,108 | €138,183 | +€113,075 | +450% |
| Other amounts payable | 47/48 | €635,095 | €328,358 | -€306,737 | -48.3% |
| Accrued charges and deferred income | 492/3 | €2,525 | €2,525 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,432 | €53,474 | +€43 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,600 | €10,990 | +€15,590 | |
| Other operating charges | 640/8 | €241,892 | €12,710 | -€229,182 | -94.7% |
| Gross operating margin | 9900 | €1,034,948 | €1,049,759 | +€14,812 | +1.4% |
| Operating profit (loss) | 9901 | €744,224 | €972,585 | +€228,361 | +30.7% |
| Financial income | 75/76B | €18,176 | €43,140 | +€24,964 | +137% |
| Recurring financial income | 75 | €18,176 | €43,140 | +€24,964 | +137% |
| Financial charges | 65/66B | €17,569 | €24,425 | +€6,857 | +39.0% |
| Recurring financial charges | 65 | €17,569 | €24,425 | +€6,857 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €744,831 | €991,299 | +€246,468 | +33.1% |
| Transfer from deferred taxes | 780 | €1,070 | €1,070 | = | 0.0% |
| Income taxes | 67/77 | €197,796 | €268,594 | +€70,798 | +35.8% |
| Profit (loss) for the period | 9904 | €548,106 | €723,776 | +€175,670 | +32.1% |
| Transfer from tax-exempt reserves | 789 | €2,078 | €2,078 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €550,184 | €725,854 | +€175,670 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.