LSM Services: what changed
Two fiscal 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 Services
Largest movements
- Tangible fixed assets -€1,756
down €1,756 (-40.3%), from €4,362 to €2,606
of which Furniture and vehicles: -€1,206
- Cash -€1,574
down €1,574 (-7.3%), from €21,583 to €20,009
mainly Net result for the year (-€2,943) and Trade debts (-€262)
- Profit (loss) carried forward -€2,943
down €2,943 (-13.5%), from -€21,859 to -€24,802
- Gross operating margin +€3,354
up €3,354 (+87.9%), from -€3,816 to -€462
- Other operating charges +€831
up €831 (+238.9%), from €348 to €1,178
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.
Cash bridge derived
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 | €38,011 | €34,806 | -€3,205 | -8.4% |
| Fixed assets | 21/28 | €6,972 | €5,216 | -€1,756 | -25.2% |
| Tangible fixed assets | 22/27 | €4,362 | €2,606 | -€1,756 | -40.3% |
| Plant, machinery and equipment | 23 | €550 | - | -€550 | |
| Furniture and vehicles | 24 | €3,811 | €2,606 | -€1,206 | -31.6% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €31,039 | €29,590 | -€1,449 | -4.7% |
| Amounts receivable within one year | 40/41 | €9,456 | €9,581 | +€125 | +1.3% |
| Other amounts receivable | 41 | €9,456 | €9,581 | +€125 | +1.3% |
| Cash at bank and in hand | 54/58 | €21,583 | €20,009 | -€1,574 | -7.3% |
| Total equity and liabilities | 10/49 | €38,011 | €34,806 | -€3,205 | -8.4% |
| Equity | 10/15 | €37,716 | €34,773 | -€2,943 | -7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,375 | €53,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €51,520 | €51,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,859 | -€24,802 | -€2,943 | -13.5% |
| Amounts payable | 17/49 | €294 | €32 | -€262 | -89.0% |
| Amounts payable within one year | 42/48 | €294 | €32 | -€262 | -89.0% |
| Trade debts | 44 | €294 | €32 | -€262 | -89.0% |
| Suppliers | 440/4 | €294 | €32 | -€262 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,784 | €1,756 | -€28 | -1.6% |
| Other operating charges | 640/8 | €348 | €1,178 | +€831 | +238.9% |
| Gross operating margin | 9900 | -€3,816 | -€462 | +€3,354 | +87.9% |
| Operating profit (loss) | 9901 | -€5,948 | -€3,397 | +€2,551 | +42.9% |
| Financial income | 75/76B | €504 | €514 | +€9 | +1.9% |
| Recurring financial income | 75 | €504 | €514 | +€9 | +1.9% |
| Financial charges | 65/66B | €59 | €60 | +€2 | +2.6% |
| Recurring financial charges | 65 | €59 | €60 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,502 | -€2,943 | +€2,559 | +46.5% |
| Profit (loss) for the period | 9904 | -€5,502 | -€2,943 | +€2,559 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,502 | -€2,943 | +€2,559 | +46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.