LSM Consulting: 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 Consulting
Largest movements
- Cash +€19,175
up €19,175 (+12.2%), from €157,546 to €176,720
mainly Tax, wage and social debts (+€12,523) and Depreciation (+€9,657)
- Tangible fixed assets -€9,657
down €9,657 (-27.5%), from €35,111 to €25,453
of which Furniture and vehicles: -€9,158
- Tax, wage and social debts +€12,523
up €12,523 (+358%), from €3,500 to €16,023
of which Remuneration and social security: +€12,432
- Profit (loss) carried forward -€6,092
new in 2025: -€6,092
- Gross operating margin -€44,674
down €44,674 (-88.2%), from €50,669 to €5,995
- Taxes -€10,795
down €10,795 (-95.9%), from €11,252 to €457
- Other operating charges +€645
up €645 (+59.5%), from €1,084 to €1,729
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 | €225,420 | €233,070 | +€7,650 | +3.4% |
| Fixed assets | 21/28 | €35,111 | €25,453 | -€9,657 | -27.5% |
| Tangible fixed assets | 22/27 | €35,111 | €25,453 | -€9,657 | -27.5% |
| Furniture and vehicles | 24 | €33,367 | €24,209 | -€9,158 | -27.4% |
| Other tangible fixed assets | 26 | €1,744 | €1,244 | -€500 | -28.7% |
| Current assets | 29/58 | €190,309 | €207,616 | +€17,307 | +9.1% |
| Amounts receivable within one year | 40/41 | €30,077 | €28,064 | -€2,013 | -6.7% |
| Trade receivables | 40 | €7,304 | €20,816 | +€13,512 | +185% |
| Other amounts receivable | 41 | €22,773 | €7,248 | -€15,525 | -68.2% |
| Cash at bank and in hand | 54/58 | €157,546 | €176,720 | +€19,175 | +12.2% |
| Deferred charges and accrued income | 490/1 | €2,687 | €2,832 | +€145 | +5.4% |
| Total equity and liabilities | 10/49 | €225,420 | €233,070 | +€7,650 | +3.4% |
| Equity | 10/15 | €219,358 | €213,267 | -€6,092 | -2.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €218,358 | €218,358 | = | 0.0% |
| Distributable reserves | 133 | €218,358 | €218,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,092 | -€6,092 | |
| Amounts payable | 17/49 | €6,062 | €19,803 | +€13,741 | +227% |
| Amounts payable within one year | 42/48 | €6,062 | €19,803 | +€13,741 | +227% |
| Trade debts | 44 | €478 | €524 | +€46 | +9.6% |
| Suppliers | 440/4 | €478 | €524 | +€46 | +9.6% |
| Taxes, remuneration and social security | 45 | €3,500 | €16,023 | +€12,523 | +358% |
| Taxes | 450/3 | €3,500 | €3,591 | +€91 | +2.6% |
| Remuneration and social security | 454/9 | - | €12,432 | +€12,432 | |
| Other amounts payable | 47/48 | €2,083 | €3,256 | +€1,173 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,796 | €9,657 | -€139 | -1.4% |
| Other operating charges | 640/8 | €1,084 | €1,729 | +€645 | +59.5% |
| Gross operating margin | 9900 | €50,669 | €5,995 | -€44,674 | -88.2% |
| Operating profit (loss) | 9901 | €39,789 | -€5,391 | -€45,180 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €291 | €244 | -€47 | -16.3% |
| Recurring financial charges | 65 | €291 | €244 | -€47 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €39,498 | -€5,635 | -€45,133 | |
| Income taxes | 67/77 | €11,252 | €457 | -€10,795 | -95.9% |
| Profit (loss) for the period | 9904 | €28,246 | -€6,092 | -€34,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,246 | -€6,092 | -€34,338 |
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 31 October 2026 via checked.be.