LMV MANAGEMENT: 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.
LMV MANAGEMENT
Largest movements
- Receivables within one year -€51,747
down €51,747 (-40.1%), from €128,908 to €77,161
of which Other amounts receivable: -€40,267
- Receivables after one year +€19,622
up €19,622 (+3.8%), from €518,070 to €537,691
- Cash -€14,789
down €14,789 (-30.8%), from €48,007 to €33,218
mainly Tax, wage and social debts (-€30,523) and Receivables after one year (-€19,622)
- Tax, wage and social debts -€30,523
down €30,523 (-85.5%), from €35,701 to €5,178
- Trade debts -€19,385
down €19,385 (-4.4%), from €437,902 to €418,517
- Gross operating margin -€84,799
down €84,799, from €78,863 to -€5,936
- Taxes -€27,992
down €27,992 (-93.8%), from €29,839 to €1,847
- Financial charges +€17,378
up €17,378, from -€17,090 to €288
- Financial income +€3,672
up €3,672 (+40.9%), from €8,987 to €12,659
- Depreciation -€855
down €855 (-53.1%), from €1,610 to €755
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,599 | €650,161 | -€46,439 | -6.7% |
| Fixed assets | 21/28 | €1,614 | €2,090 | +€476 | +29.5% |
| Tangible fixed assets | 22/27 | €613 | €1,089 | +€476 | +77.5% |
| Furniture and vehicles | 24 | €613 | €1,089 | +€476 | +77.5% |
| Financial fixed assets | 28 | €1,001 | €1,001 | = | 0.0% |
| Current assets | 29/58 | €694,985 | €648,071 | -€46,914 | -6.8% |
| Amounts receivable after more than one year | 29 | €518,070 | €537,691 | +€19,622 | +3.8% |
| Other amounts receivable | 291 | €518,070 | €537,691 | +€19,622 | +3.8% |
| Amounts receivable within one year | 40/41 | €128,908 | €77,161 | -€51,747 | -40.1% |
| Trade receivables | 40 | €13,580 | €2,100 | -€11,480 | -84.5% |
| Other amounts receivable | 41 | €115,328 | €75,061 | -€40,267 | -34.9% |
| Cash at bank and in hand | 54/58 | €48,007 | €33,218 | -€14,789 | -30.8% |
| Total equity and liabilities | 10/49 | €696,599 | €650,161 | -€46,439 | -6.7% |
| Equity | 10/15 | €222,996 | €226,465 | +€3,469 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €210,596 | €214,065 | +€3,469 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €208,736 | €212,205 | +€3,469 | +1.7% |
| Amounts payable | 17/49 | €473,603 | €423,695 | -€49,908 | -10.5% |
| Amounts payable within one year | 42/48 | €473,603 | €423,695 | -€49,908 | -10.5% |
| Trade debts | 44 | €437,902 | €418,517 | -€19,385 | -4.4% |
| Suppliers | 440/4 | €437,902 | €418,517 | -€19,385 | -4.4% |
| Taxes, remuneration and social security | 45 | €35,701 | €5,178 | -€30,523 | -85.5% |
| Taxes | 450/3 | €35,701 | €5,178 | -€30,523 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €755 | -€855 | -53.1% |
| Other operating charges | 640/8 | €1,036 | €363 | -€673 | -64.9% |
| Gross operating margin | 9900 | €78,863 | -€5,936 | -€84,799 | |
| Operating profit (loss) | 9901 | €76,217 | -€7,055 | -€83,272 | |
| Financial income | 75/76B | €8,987 | €12,659 | +€3,672 | +40.9% |
| Recurring financial income | 75 | €8,987 | €12,659 | +€3,672 | +40.9% |
| Financial charges | 65/66B | -€17,090 | €288 | +€17,378 | |
| Recurring financial charges | 65 | -€17,090 | €288 | +€17,378 | |
| Profit (loss) for the period before taxes | 9903 | €102,294 | €5,316 | -€96,978 | -94.8% |
| Income taxes | 67/77 | €29,839 | €1,847 | -€27,992 | -93.8% |
| Profit (loss) for the period | 9904 | €72,455 | €3,469 | -€68,985 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,455 | €3,469 | -€68,985 | -95.2% |
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 14 October 2026 via checked.be.