LRMS: 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.
LRMS
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-11.1%), from €225,000 to €200,000
- Tangible fixed assets +€18,217
up €18,217 (+12.3%), from €147,556 to €165,773
of which Furniture and vehicles: +€23,852
- Stocks and contracts -€12,505
down €12,505 (-22.2%), from €56,405 to €43,900
- Profit (loss) carried forward +€93,625
up €93,625 (+60.6%), from €154,432 to €248,057
- Debts after one year -€64,537
down €64,537 (-22.0%), from €293,359 to €228,822
- Trade debts -€36,346
down €36,346 (-8.6%), from €420,388 to €384,042
- Gross operating margin +€156,827
up €156,827 (+63.8%), from €245,853 to €402,680
- Staff costs +€75,719
up €75,719 (+74.9%), from €101,039 to €176,757
- Taxes +€22,564
up €22,564 (+320%), from €7,045 to €29,609
- Depreciation +€8,312
up €8,312 (+10.0%), from €82,938 to €91,251
- Financial charges -€5,948
down €5,948 (-30.1%), from €19,792 to €13,843
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 | €960,313 | €959,751 | -€562 | -0.1% |
| Fixed assets | 21/28 | €373,015 | €369,232 | -€3,783 | -1.0% |
| Intangible fixed assets | 21 | €225,000 | €200,000 | -€25,000 | -11.1% |
| Tangible fixed assets | 22/27 | €147,556 | €165,773 | +€18,217 | +12.3% |
| Land and buildings | 22 | €641 | €15,973 | +€15,333 | +2,393% |
| Plant, machinery and equipment | 23 | €99,458 | €78,490 | -€20,968 | -21.1% |
| Furniture and vehicles | 24 | €47,457 | €71,309 | +€23,852 | +50.3% |
| Financial fixed assets | 28 | €460 | €3,460 | +€3,000 | +652% |
| Current assets | 29/58 | €587,297 | €590,519 | +€3,222 | +0.5% |
| Stocks and contracts in progress | 3 | €56,405 | €43,900 | -€12,505 | -22.2% |
| Stocks | 30/36 | €56,405 | €43,900 | -€12,505 | -22.2% |
| Amounts receivable within one year | 40/41 | €429,503 | €438,460 | +€8,956 | +2.1% |
| Trade receivables | 40 | €408,700 | €419,696 | +€10,996 | +2.7% |
| Other amounts receivable | 41 | €20,803 | €18,763 | -€2,040 | -9.8% |
| Cash at bank and in hand | 54/58 | €101,389 | €108,159 | +€6,770 | +6.7% |
| Total equity and liabilities | 10/49 | €960,313 | €959,751 | -€562 | -0.1% |
| Equity | 10/15 | €159,432 | €253,057 | +€93,625 | +58.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,432 | €248,057 | +€93,625 | +60.6% |
| Amounts payable | 17/49 | €800,881 | €706,694 | -€94,186 | -11.8% |
| Amounts payable after more than one year | 17 | €293,359 | €228,822 | -€64,537 | -22.0% |
| Financial debts | 170/4 | €293,359 | €228,822 | -€64,537 | -22.0% |
| Amounts payable within one year | 42/48 | €507,521 | €477,872 | -€29,649 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €61,892 | €64,537 | +€2,645 | +4.3% |
| Trade debts | 44 | €420,388 | €384,042 | -€36,346 | -8.6% |
| Suppliers | 440/4 | €420,388 | €384,042 | -€36,346 | -8.6% |
| Taxes, remuneration and social security | 45 | €19,562 | €26,626 | +€7,065 | +36.1% |
| Taxes | 450/3 | €14,759 | - | -€14,759 | |
| Remuneration and social security | 454/9 | €4,803 | €26,626 | +€21,823 | +454% |
| Other amounts payable | 47/48 | €5,680 | €2,666 | -€3,013 | -53.1% |
| Remuneration, social security and pensions | 62 | €101,039 | €176,757 | +€75,719 | +74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,938 | €91,251 | +€8,312 | +10.0% |
| Other operating charges | 640/8 | €8,516 | €4,088 | -€4,427 | -52.0% |
| Gross operating margin | 9900 | €245,853 | €402,680 | +€156,827 | +63.8% |
| Operating profit (loss) | 9901 | €53,361 | €130,584 | +€77,223 | +145% |
| Financial income | 75/76B | €1,534 | €6,494 | +€4,960 | +323% |
| Recurring financial income | 75 | €1,534 | €6,494 | +€4,960 | +323% |
| Financial charges | 65/66B | €19,792 | €13,843 | -€5,948 | -30.1% |
| Recurring financial charges | 65 | €19,792 | €13,843 | -€5,948 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €35,103 | €123,234 | +€88,131 | +251% |
| Income taxes | 67/77 | €7,045 | €29,609 | +€22,564 | +320% |
| Profit (loss) for the period | 9904 | €28,058 | €93,625 | +€65,567 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €28,058 | €93,625 | +€65,567 | +234% |
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 20 October 2026 via checked.be.