LRME: 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.
LRME
Largest movements
- Receivables within one year +€45,180
up €45,180 (+108%), from €41,747 to €86,927
of which Trade receivables: +€24,303
- Cash -€13,188
down €13,188 (-99.8%), from €13,209 to €20
mainly Receivables within one year (-€45,180) and Investment in fixed assets (net) (-€982)
- Tangible fixed assets -€2,813
down €2,813 (-32.8%), from €8,562 to €5,750
of which Plant, machinery and equipment: -€2,053
- Profit (loss) carried forward +€16,224
up €16,224 (+24.0%), from -€67,519 to -€51,295
- Trade debts +€11,215
up €11,215 (+31.6%), from €35,503 to €46,718
- Other debts +€1,914
up €1,914 (+2.5%), from €75,108 to €77,022
- Gross operating margin -€14,977
down €14,977 (-41.5%), from €36,109 to €21,133
- Depreciation -€3,444
down €3,444 (-47.6%), from €7,239 to €3,795
- Other operating charges +€405
up €405 (+63.7%), from €636 to €1,041
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 | €63,633 | €92,965 | +€29,332 | +46.1% |
| Fixed assets | 21/28 | €8,562 | €5,750 | -€2,813 | -32.8% |
| Tangible fixed assets | 22/27 | €8,562 | €5,750 | -€2,813 | -32.8% |
| Plant, machinery and equipment | 23 | €7,008 | €4,955 | -€2,053 | -29.3% |
| Furniture and vehicles | 24 | €1,554 | €795 | -€760 | -48.9% |
| Current assets | 29/58 | €55,071 | €87,215 | +€32,145 | +58.4% |
| Amounts receivable within one year | 40/41 | €41,747 | €86,927 | +€45,180 | +108% |
| Trade receivables | 40 | €30,142 | €54,446 | +€24,303 | +80.6% |
| Other amounts receivable | 41 | €11,605 | €32,481 | +€20,876 | +180% |
| Cash at bank and in hand | 54/58 | €13,209 | €20 | -€13,188 | -99.8% |
| Deferred charges and accrued income | 490/1 | €115 | €268 | +€153 | +133% |
| Total equity and liabilities | 10/49 | €63,633 | €92,965 | +€29,332 | +46.1% |
| Equity | 10/15 | -€46,999 | -€30,775 | +€16,224 | +34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,919 | €1,919 | = | 0.0% |
| Tax-exempt reserves | 132 | €59 | €59 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,519 | -€51,295 | +€16,224 | +24.0% |
| Amounts payable | 17/49 | €110,632 | €123,740 | +€13,108 | +11.8% |
| Amounts payable within one year | 42/48 | €110,632 | €123,740 | +€13,108 | +11.8% |
| Trade debts | 44 | €35,503 | €46,718 | +€11,215 | +31.6% |
| Suppliers | 440/4 | €35,503 | €46,718 | +€11,215 | +31.6% |
| Taxes, remuneration and social security | 45 | €21 | - | -€21 | |
| Taxes | 450/3 | €21 | - | -€21 | |
| Other amounts payable | 47/48 | €75,108 | €77,022 | +€1,914 | +2.5% |
| Non-recurring operating income | 76A | €1,262 | - | -€1,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,239 | €3,795 | -€3,444 | -47.6% |
| Other operating charges | 640/8 | €636 | €1,041 | +€405 | +63.7% |
| Gross operating margin | 9900 | €36,109 | €21,133 | -€14,977 | -41.5% |
| Operating profit (loss) | 9901 | €28,235 | €16,297 | -€11,937 | -42.3% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €71 | €74 | +€3 | +4.1% |
| Recurring financial charges | 65 | €71 | €74 | +€3 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €28,175 | €16,224 | -€11,951 | -42.4% |
| Income taxes | 67/77 | -€356 | - | +€356 | |
| Profit (loss) for the period | 9904 | €28,531 | €16,224 | -€12,307 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,531 | €16,224 | -€12,307 | -43.1% |
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 25 October 2026 via checked.be.