LMW CONSULTING: 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.
LMW CONSULTING
Largest movements
- Receivables within one year -€31,362
down €31,362 (-97.3%), from €32,240 to €878
of which Other amounts receivable: -€17,214
- Tangible fixed assets +€26,476
up €26,476 (+1,177%), from €2,250 to €28,725
- Cash +€16,813
up €16,813 (+14.8%), from €113,525 to €130,338
mainly Other debts (+€36,373) and Receivables within one year (+€31,362)
- Current investments +€9,887
up €9,887 (+1.2%), from €802,591 to €812,478
- Profit (loss) carried forward -€44,185
no longer reported in 2025 (was €44,185)
- Other debts +€36,373
up €36,373 (+1,225%), from €2,969 to €39,342
- Reserves +€20,976
up €20,976 (+2.3%), from €896,088 to €917,063
- Tax, wage and social debts +€9,848
up €9,848 (+34,886%), from €28 to €9,876
- Financial income +€26,833
up €26,833 (+81.2%), from €33,034 to €59,868
- Financial charges -€22,361
down €22,361 (-57.5%), from €38,888 to €16,527
- Gross operating margin -€20,450
down €20,450, from €19,289 to -€1,161
- Depreciation -€6,091
down €6,091 (-50.1%), from €12,148 to €6,057
- Taxes +€5,277
up €5,277 (+59.6%), from €8,856 to €14,133
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 | €950,795 | €972,712 | +€21,918 | +2.3% |
| Fixed assets | 21/28 | €2,250 | €28,725 | +€26,476 | +1,177% |
| Tangible fixed assets | 22/27 | €2,250 | €28,725 | +€26,476 | +1,177% |
| Furniture and vehicles | 24 | €2,250 | €28,725 | +€26,476 | +1,177% |
| Current assets | 29/58 | €948,545 | €943,987 | -€4,558 | -0.5% |
| Amounts receivable within one year | 40/41 | €32,240 | €878 | -€31,362 | -97.3% |
| Trade receivables | 40 | €14,360 | €212 | -€14,148 | -98.5% |
| Other amounts receivable | 41 | €17,879 | €665 | -€17,214 | -96.3% |
| Current investments | 50/53 | €802,591 | €812,478 | +€9,887 | +1.2% |
| Cash at bank and in hand | 54/58 | €113,525 | €130,338 | +€16,813 | +14.8% |
| Deferred charges and accrued income | 490/1 | €189 | €294 | +€104 | +54.9% |
| Total equity and liabilities | 10/49 | €950,795 | €972,712 | +€21,918 | +2.3% |
| Equity | 10/15 | €943,273 | €920,063 | -€23,210 | -2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €896,088 | €917,063 | +€20,976 | +2.3% |
| Distributable reserves | 133 | €896,088 | €917,063 | +€20,976 | +2.3% |
| Profit (loss) carried forward | 14 | €44,185 | - | -€44,185 | |
| Amounts payable | 17/49 | €7,522 | €52,649 | +€45,127 | +600% |
| Amounts payable within one year | 42/48 | €7,522 | €52,649 | +€45,127 | +600% |
| Financial debts | 43 | €95 | €4 | -€90 | -95.5% |
| Credit institutions | 430/8 | €95 | €4 | -€90 | -95.5% |
| Trade debts | 44 | €4,430 | €3,426 | -€1,004 | -22.7% |
| Suppliers | 440/4 | €4,430 | €3,426 | -€1,004 | -22.7% |
| Taxes, remuneration and social security | 45 | €28 | €9,876 | +€9,848 | +34,886% |
| Taxes | 450/3 | €28 | €9,876 | +€9,848 | +34,886% |
| Other amounts payable | 47/48 | €2,969 | €39,342 | +€36,373 | +1,225% |
| Non-recurring operating income | 76A | - | €9,914 | +€9,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,148 | €6,057 | -€6,091 | -50.1% |
| Other operating charges | 640/8 | €1,819 | €1,013 | -€807 | -44.3% |
| Gross operating margin | 9900 | €19,289 | -€1,161 | -€20,450 | |
| Operating profit (loss) | 9901 | €5,321 | -€8,231 | -€13,553 | |
| Financial income | 75/76B | €33,034 | €59,868 | +€26,833 | +81.2% |
| Recurring financial income | 75 | €33,034 | €59,868 | +€26,833 | +81.2% |
| Financial charges | 65/66B | €38,888 | €16,527 | -€22,361 | -57.5% |
| Recurring financial charges | 65 | €38,888 | €16,527 | -€22,361 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€533 | €35,109 | +€35,641 | |
| Income taxes | 67/77 | €8,856 | €14,133 | +€5,277 | +59.6% |
| Profit (loss) for the period | 9904 | -€9,389 | €20,976 | +€30,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,389 | €20,976 | +€30,364 |
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 28 October 2026 via checked.be.