LSNMT: 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.
LSNMT
Largest movements
- Receivables within one year +€12,228
up €12,228 (+46.4%), from €26,358 to €38,586
of which Other amounts receivable: +€12,299
- Cash +€6,204
up €6,204 (+130606.3%), from €5 to €6,209
mainly Net result for the year (+€23,580) and Deferred charges and accrued income (+€2,192)
- Financial fixed assets +€5,186
new in 2025: €5,186
- Deferred charges and accrued income -€2,192
down €2,192 (-62.4%), from €3,512 to €1,320
- Tangible fixed assets -€1,514
down €1,514 (-53.4%), from €2,834 to €1,319
- Profit (loss) carried forward +€23,580
up €23,580 (+131.1%), from €17,991 to €41,570
- Trade debts -€2,218
down €2,218 (-41.2%), from €5,378 to €3,160
- Accrued charges and deferred income -€1,450
no longer reported in 2025 (was €1,450)
- Taxes -€5,890
no longer reported in 2025 (was €5,890)
- Depreciation -€3,716
down €3,716 (-94.0%), from €3,954 to €238
- Financial income +€2,297
new in 2025: €2,297
of which Financial income: +€2,090
- Other operating charges +€2,070
new in 2025: €2,070
- Gross operating margin -€2,065
down €2,065 (-7.4%), from €28,019 to €25,954
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 | €32,709 | €52,620 | +€19,911 | +60.9% |
| Fixed assets | 21/28 | €2,834 | €6,505 | +€3,672 | +129.6% |
| Tangible fixed assets | 22/27 | €2,834 | €1,319 | -€1,514 | -53.4% |
| Furniture and vehicles | 24 | €2,834 | €1,319 | -€1,514 | -53.4% |
| Financial fixed assets | 28 | - | €5,186 | +€5,186 | |
| Current assets | 29/58 | €29,875 | €46,115 | +€16,240 | +54.4% |
| Amounts receivable within one year | 40/41 | €26,358 | €38,586 | +€12,228 | +46.4% |
| Trade receivables | 40 | €5,149 | €5,078 | -€71 | -1.4% |
| Other amounts receivable | 41 | €21,210 | €33,509 | +€12,299 | +58.0% |
| Cash at bank and in hand | 54/58 | €5 | €6,209 | +€6,204 | +130606.3% |
| Deferred charges and accrued income | 490/1 | €3,512 | €1,320 | -€2,192 | -62.4% |
| Total equity and liabilities | 10/49 | €32,709 | €52,620 | +€19,911 | +60.9% |
| Equity | 10/15 | €19,991 | €43,570 | +€23,580 | +118.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €17,991 | €41,570 | +€23,580 | +131.1% |
| Amounts payable | 17/49 | €12,718 | €9,050 | -€3,668 | -28.8% |
| Amounts payable within one year | 42/48 | €11,268 | €9,050 | -€2,218 | -19.7% |
| Trade debts | 44 | €5,378 | €3,160 | -€2,218 | -41.2% |
| Suppliers | 440/4 | €5,378 | €3,160 | -€2,218 | -41.2% |
| Taxes, remuneration and social security | 45 | €5,890 | €5,890 | = | 0.0% |
| Taxes | 450/3 | €5,890 | €5,890 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,954 | €238 | -€3,716 | -94.0% |
| Other operating charges | 640/8 | - | €2,070 | +€2,070 | |
| Non-recurring operating charges | 66A | - | €335 | +€335 | |
| Gross operating margin | 9900 | €28,019 | €25,954 | -€2,065 | -7.4% |
| Operating profit (loss) | 9901 | €24,065 | €23,311 | -€754 | -3.1% |
| Financial income | 75/76B | - | €2,297 | +€2,297 | |
| Recurring financial income | 75 | - | €2,090 | +€2,090 | |
| Non-recurring financial income | 76B | - | €207 | +€207 | |
| Financial charges | 65/66B | €184 | €2,028 | +€1,844 | +1003.2% |
| Recurring financial charges | 65 | €184 | €2,028 | +€1,844 | +1003.2% |
| Profit (loss) for the period before taxes | 9903 | €23,881 | €23,580 | -€301 | -1.3% |
| Income taxes | 67/77 | €5,890 | - | -€5,890 | |
| Profit (loss) for the period | 9904 | €17,991 | €23,580 | +€5,589 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,991 | €23,580 | +€5,589 | +31.1% |
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 9 October 2026 via checked.be.