LSMCO: 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.
LSMCO
Largest movements
- Receivables within one year -€46,075
down €46,075 (-10.3%), from €447,590 to €401,515
of which Other amounts receivable: -€51,912
- Tangible fixed assets -€23,974
down €23,974 (-29.2%), from €82,169 to €58,195
of which Furniture and vehicles: -€15,205
- Profit (loss) carried forward -€37,754
down €37,754 (-11.4%), from €330,542 to €292,789
- Other debts -€33,222
down €33,222 (-50.6%), from €65,604 to €32,382
- Debts after one year -€15,000
down €15,000 (-94.7%), from €15,833 to €834
- Trade debts +€9,335
up €9,335 (+1822.6%), from €512 to €9,847
- Tax, wage and social debts +€6,876
new in 2025: €6,876
- Gross operating margin +€24,919
up €24,919, from -€24,570 to €349
- Depreciation +€13,164
up €13,164 (+85.9%), from €15,332 to €28,496
- Taxes +€7,798
new in 2025: €7,798
- Other operating charges -€2,801
down €2,801 (-70.4%), from €3,982 to €1,180
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,489 | €466,724 | -€69,765 | -13.0% |
| Fixed assets | 21/28 | €82,169 | €58,195 | -€23,974 | -29.2% |
| Tangible fixed assets | 22/27 | €82,169 | €58,195 | -€23,974 | -29.2% |
| Plant, machinery and equipment | 23 | €43,412 | €34,644 | -€8,768 | -20.2% |
| Furniture and vehicles | 24 | €38,757 | €23,551 | -€15,205 | -39.2% |
| Current assets | 29/58 | €454,320 | €408,529 | -€45,791 | -10.1% |
| Stocks and contracts in progress | 3 | €6,106 | €6,000 | -€106 | -1.7% |
| Stocks | 30/36 | €6,106 | €6,000 | -€106 | -1.7% |
| Amounts receivable within one year | 40/41 | €447,590 | €401,515 | -€46,075 | -10.3% |
| Trade receivables | 40 | €70,320 | €76,158 | +€5,838 | +8.3% |
| Other amounts receivable | 41 | €377,270 | €325,358 | -€51,912 | -13.8% |
| Cash at bank and in hand | 54/58 | €445 | €1,014 | +€568 | +127.6% |
| Deferred charges and accrued income | 490/1 | €179 | - | -€179 | |
| Total equity and liabilities | 10/49 | €536,489 | €466,724 | -€69,765 | -13.0% |
| Equity | 10/15 | €444,540 | €406,786 | -€37,754 | -8.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €13,998 | €13,998 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,998 | €3,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,542 | €292,789 | -€37,754 | -11.4% |
| Amounts payable | 17/49 | €91,949 | €59,938 | -€32,011 | -34.8% |
| Amounts payable after more than one year | 17 | €15,833 | €834 | -€15,000 | -94.7% |
| Financial debts | 170/4 | €15,833 | €834 | -€15,000 | -94.7% |
| Amounts payable within one year | 42/48 | €76,116 | €59,105 | -€17,011 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €512 | €9,847 | +€9,335 | +1822.6% |
| Suppliers | 440/4 | €512 | €9,847 | +€9,335 | +1822.6% |
| Taxes, remuneration and social security | 45 | - | €6,876 | +€6,876 | |
| Taxes | 450/3 | - | €6,876 | +€6,876 | |
| Other amounts payable | 47/48 | €65,604 | €32,382 | -€33,222 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,332 | €28,496 | +€13,164 | +85.9% |
| Other operating charges | 640/8 | €3,982 | €1,180 | -€2,801 | -70.4% |
| Gross operating margin | 9900 | -€24,570 | €349 | +€24,919 | |
| Operating profit (loss) | 9901 | -€43,884 | -€29,327 | +€14,557 | +33.2% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €619 | €733 | +€114 | +18.3% |
| Recurring financial charges | 65 | €619 | €733 | +€114 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,503 | -€29,956 | +€14,548 | +32.7% |
| Income taxes | 67/77 | - | €7,798 | +€7,798 | |
| Profit (loss) for the period | 9904 | -€44,503 | -€37,754 | +€6,750 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,503 | -€37,754 | +€6,750 | +15.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.