LMX MGMT: 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.
LMX MGMT
Largest movements
- Cash -€25,374
down €25,374 (-22.0%), from €115,399 to €90,024
mainly Other debts (-€36,379) and Contributions, distributions and other (-€35,294)
- Receivables within one year +€5,423
up €5,423 (+37.1%), from €14,611 to €20,034
of which Other amounts receivable: +€3,210
- Current investments +€2,000
new in 2025: €2,000
- Other debts -€36,379
down €36,379 (-87.6%), from €41,530 to €5,151
- Reserves +€18,788
up €18,788 (+19.1%), from €98,271 to €117,059
- Gross operating margin -€15,427
down €15,427 (-16.2%), from €94,963 to €79,536
- Taxes -€3,064
down €3,064 (-15.4%), from €19,836 to €16,772
- Depreciation +€1,164
up €1,164 (+28.8%), from €4,041 to €5,205
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 | €148,460 | €130,519 | -€17,941 | -12.1% |
| Fixed assets | 21/28 | €17,413 | €16,439 | -€974 | -5.6% |
| Tangible fixed assets | 22/27 | €17,413 | €16,439 | -€974 | -5.6% |
| Plant, machinery and equipment | 23 | €1,271 | €936 | -€334 | -26.3% |
| Furniture and vehicles | 24 | €3,828 | €4,693 | +€865 | +22.6% |
| Other tangible fixed assets | 26 | €12,314 | €10,810 | -€1,505 | -12.2% |
| Current assets | 29/58 | €131,047 | €114,080 | -€16,967 | -12.9% |
| Amounts receivable within one year | 40/41 | €14,611 | €20,034 | +€5,423 | +37.1% |
| Trade receivables | 40 | €14,428 | €16,642 | +€2,214 | +15.3% |
| Other amounts receivable | 41 | €183 | €3,392 | +€3,210 | +1,756% |
| Current investments | 50/53 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €115,399 | €90,024 | -€25,374 | -22.0% |
| Deferred charges and accrued income | 490/1 | €1,037 | €2,022 | +€985 | +95.0% |
| Total equity and liabilities | 10/49 | €148,460 | €130,519 | -€17,941 | -12.1% |
| Equity | 10/15 | €101,271 | €120,059 | +€18,788 | +18.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €98,271 | €117,059 | +€18,788 | +19.1% |
| Distributable reserves | 133 | €98,271 | €117,059 | +€18,788 | +19.1% |
| Amounts payable | 17/49 | €47,189 | €10,461 | -€36,729 | -77.8% |
| Amounts payable within one year | 42/48 | €47,189 | €10,461 | -€36,729 | -77.8% |
| Trade debts | 44 | €2,127 | €1,752 | -€375 | -17.6% |
| Suppliers | 440/4 | €2,127 | €1,752 | -€375 | -17.6% |
| Taxes, remuneration and social security | 45 | €3,532 | €3,557 | +€25 | +0.7% |
| Taxes | 450/3 | €3,532 | €3,557 | +€25 | +0.7% |
| Other amounts payable | 47/48 | €41,530 | €5,151 | -€36,379 | -87.6% |
| Non-recurring operating income | 76A | - | €537 | +€537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,041 | €5,205 | +€1,164 | +28.8% |
| Other operating charges | 640/8 | €863 | €768 | -€94 | -10.9% |
| Non-recurring operating charges | 66A | €157 | - | -€157 | |
| Gross operating margin | 9900 | €94,963 | €79,536 | -€15,427 | -16.2% |
| Operating profit (loss) | 9901 | €89,902 | €73,562 | -€16,340 | -18.2% |
| Financial charges | 65/66B | €3,446 | €2,708 | -€737 | -21.4% |
| Recurring financial charges | 65 | €3,446 | €2,708 | -€737 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €86,457 | €70,854 | -€15,603 | -18.0% |
| Income taxes | 67/77 | €19,836 | €16,772 | -€3,064 | -15.4% |
| Profit (loss) for the period | 9904 | €66,621 | €54,082 | -€12,539 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,621 | €54,082 | -€12,539 | -18.8% |
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 15 October 2026 via checked.be.