LOGIN LMM: 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.
LOGIN LMM
Largest movements
- Receivables within one year -€796,445
down €796,445 (-76.8%), from €1.0m to €240,257
of which Trade receivables: -€792,131
- Tangible fixed assets +€62,488
up €62,488 (+98.9%), from €63,209 to €125,697
of which Furniture and vehicles: +€59,111
- Stocks and contracts +€30,000
new in 2025: €30,000
- Cash -€29,369
down €29,369 (-67.2%), from €43,719 to €14,350
mainly Trade debts (-€778,929) and Accrued charges and deferred income (-€91,860)
- Trade debts -€778,929
down €778,929 (-89.8%), from €867,207 to €88,278
- Accrued charges and deferred income -€91,860
no longer reported in 2025 (was €91,860)
- Other debts +€76,815
up €76,815 (+149%), from €51,400 to €128,215
- Profit (loss) carried forward +€62,755
up €62,755 (+67.8%), from €92,572 to €155,327
- Purchases and services -€1.0m
no longer reported in 2025 (was €1.0m)
- Gross operating margin -€93,501
down €93,501 (-49.6%), from €188,629 to €95,128
- Taxes -€9,644
down €9,644 (-37.4%), from €25,792 to €16,148
- Staff costs -€7,714
no longer reported in 2025 (was €7,714)
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 | €1,143,630 | €410,304 | -€733,326 | -64.1% |
| Fixed assets | 21/28 | €63,209 | €125,697 | +€62,488 | +98.9% |
| Tangible fixed assets | 22/27 | €63,209 | €125,697 | +€62,488 | +98.9% |
| Plant, machinery and equipment | 23 | - | €3,377 | +€3,377 | |
| Furniture and vehicles | 24 | €63,209 | €122,320 | +€59,111 | +93.5% |
| Current assets | 29/58 | €1,080,421 | €284,607 | -€795,814 | -73.7% |
| Stocks and contracts in progress | 3 | - | €30,000 | +€30,000 | |
| Contracts in progress | 37 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €1,036,702 | €240,257 | -€796,445 | -76.8% |
| Trade receivables | 40 | €1,017,568 | €225,437 | -€792,131 | -77.8% |
| Other amounts receivable | 41 | €19,134 | €14,820 | -€4,314 | -22.5% |
| Cash at bank and in hand | 54/58 | €43,719 | €14,350 | -€29,369 | -67.2% |
| Total equity and liabilities | 10/49 | €1,143,630 | €410,304 | -€733,326 | -64.1% |
| Equity | 10/15 | €97,572 | €160,327 | +€62,755 | +64.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,572 | €155,327 | +€62,755 | +67.8% |
| Amounts payable | 17/49 | €1,046,058 | €249,977 | -€796,081 | -76.1% |
| Amounts payable within one year | 42/48 | €954,199 | €249,977 | -€704,222 | -73.8% |
| Trade debts | 44 | €867,207 | €88,278 | -€778,929 | -89.8% |
| Suppliers | 440/4 | €867,207 | €88,278 | -€778,929 | -89.8% |
| Taxes, remuneration and social security | 45 | €35,592 | €33,484 | -€2,108 | -5.9% |
| Taxes | 450/3 | €25,792 | €33,484 | +€7,692 | +29.8% |
| Remuneration and social security | 454/9 | €9,800 | - | -€9,800 | |
| Other amounts payable | 47/48 | €51,400 | €128,215 | +€76,815 | +149% |
| Accrued charges and deferred income | 492/3 | €91,860 | - | -€91,860 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,046,348 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €7,714 | - | -€7,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,242 | €15,409 | -€833 | -5.1% |
| Other operating charges | 640/8 | €1,195 | €873 | -€322 | -26.9% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €188,629 | €95,128 | -€93,501 | -49.6% |
| Operating profit (loss) | 9901 | €163,478 | €78,846 | -€84,632 | -51.8% |
| Financial income | 75/76B | - | €238 | +€238 | |
| Recurring financial income | 75 | - | €238 | +€238 | |
| Financial charges | 65/66B | €114 | €181 | +€67 | +59.1% |
| Recurring financial charges | 65 | €114 | €181 | +€67 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €163,364 | €78,903 | -€84,461 | -51.7% |
| Income taxes | 67/77 | €25,792 | €16,148 | -€9,644 | -37.4% |
| Profit (loss) for the period | 9904 | €137,572 | €62,755 | -€74,817 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,572 | €62,755 | -€74,817 | -54.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.