LSM CONSTRUCT: 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.
LSM CONSTRUCT
Largest movements
- Receivables within one year +€27,908
up €27,908 (+25.1%), from €111,359 to €139,267
of which Other amounts receivable: +€23,846
- Trade debts +€14,634
up €14,634 (+33.4%), from €43,778 to €58,413
- Tax, wage and social debts +€8,494
up €8,494 (+96.7%), from €8,784 to €17,278
of which Taxes: +€5,394
- Short-term financial debts +€8,045
up €8,045 (+124.7%), from €6,452 to €14,497
- Profit (loss) carried forward -€3,872
down €3,872 (-8.2%), from €47,270 to €43,398
- Other operating charges +€7,892
up €7,892 (+113.7%), from €6,943 to €14,835
- Gross operating margin -€6,423
down €6,423 (-25.1%), from €25,547 to €19,124
- Depreciation -€5,213
down €5,213 (-94.8%), from €5,501 to €288
- Financial charges -€3,295
down €3,295 (-44.2%), from €7,459 to €4,164
- Financial income +€2,658
new in 2024: €2,658
From the 2023 result to the 2024 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,484 | €139,786 | +€27,302 | +24.3% |
| Fixed assets | 21/28 | €710 | - | -€710 | |
| Tangible fixed assets | 22/27 | €710 | - | -€710 | |
| Furniture and vehicles | 24 | €710 | - | -€710 | |
| Current assets | 29/58 | €111,774 | €139,786 | +€28,012 | +25.1% |
| Amounts receivable within one year | 40/41 | €111,359 | €139,267 | +€27,908 | +25.1% |
| Trade receivables | 40 | €89,907 | €93,969 | +€4,062 | +4.5% |
| Other amounts receivable | 41 | €21,451 | €45,297 | +€23,846 | +111.2% |
| Deferred charges and accrued income | 490/1 | €415 | €519 | +€104 | +25.0% |
| Total equity and liabilities | 10/49 | €112,484 | €139,786 | +€27,302 | +24.3% |
| Equity | 10/15 | €53,470 | €49,598 | -€3,872 | -7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,270 | €43,398 | -€3,872 | -8.2% |
| Amounts payable | 17/49 | €59,014 | €90,188 | +€31,173 | +52.8% |
| Amounts payable within one year | 42/48 | €59,014 | €90,188 | +€31,173 | +52.8% |
| Financial debts | 43 | €6,452 | €14,497 | +€8,045 | +124.7% |
| Credit institutions | 430/8 | €6,452 | €14,497 | +€8,045 | +124.7% |
| Trade debts | 44 | €43,778 | €58,413 | +€14,634 | +33.4% |
| Suppliers | 440/4 | €43,778 | €58,413 | +€14,634 | +33.4% |
| Taxes, remuneration and social security | 45 | €8,784 | €17,278 | +€8,494 | +96.7% |
| Taxes | 450/3 | €8,784 | €14,178 | +€5,394 | +61.4% |
| Remuneration and social security | 454/9 | - | €3,100 | +€3,100 | |
| Non-recurring operating income | 76A | - | €5,975 | +€5,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,501 | €288 | -€5,213 | -94.8% |
| Other operating charges | 640/8 | €6,943 | €14,835 | +€7,892 | +113.7% |
| Gross operating margin | 9900 | €25,547 | €19,124 | -€6,423 | -25.1% |
| Operating profit (loss) | 9901 | €13,102 | €4,000 | -€9,102 | -69.5% |
| Financial income | 75/76B | - | €2,658 | +€2,658 | |
| Recurring financial income | 75 | - | €2,658 | +€2,658 | |
| Financial charges | 65/66B | €7,459 | €4,164 | -€3,295 | -44.2% |
| Recurring financial charges | 65 | €7,459 | €4,164 | -€3,295 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €5,643 | €2,494 | -€3,149 | -55.8% |
| Income taxes | 67/77 | €7,813 | €6,366 | -€1,447 | -18.5% |
| Profit (loss) for the period | 9904 | -€2,170 | -€3,872 | -€1,702 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,170 | -€3,872 | -€1,702 | -78.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.