LSPM 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.
LSPM Consulting
Largest movements
- Cash -€66,526
down €66,526 (-49.2%), from €135,352 to €68,826
mainly Other debts (-€88,127) and Investment in fixed assets (net) (-€12,330)
- Tangible fixed assets +€7,400
up €7,400 (+146%), from €5,054 to €12,454
of which Furniture and vehicles: +€7,400
- Receivables within one year +€2,282
up €2,282 (+9.3%), from €24,643 to €26,925
of which Other amounts receivable: +€1,640
- Deferred charges and accrued income -€1,919
down €1,919 (-66.4%), from €2,890 to €971
- Other debts -€88,127
down €88,127 (-94.4%), from €93,391 to €5,264
- Profit (loss) carried forward +€32,533
up €32,533 (+65.8%), from €49,443 to €81,975
- Trade debts -€1,968
down €1,968 (-69.5%), from €2,830 to €862
- Gross operating margin -€23,288
down €23,288 (-32.5%), from €71,564 to €48,276
- Taxes -€4,581
down €4,581 (-32.0%), from €14,307 to €9,726
- Depreciation -€3,002
down €3,002 (-37.8%), from €7,932 to €4,930
- Financial income -€2,022
down €2,022 (-98.4%), from €2,055 to €33
- Other operating charges -€1,227
down €1,227 (-65.4%), from €1,877 to €650
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 | €167,939 | €109,176 | -€58,763 | -35.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,054 | €12,454 | +€7,400 | +146% |
| Tangible fixed assets | 22/27 | €5,054 | €12,454 | +€7,400 | +146% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,054 | €12,454 | +€7,400 | +146% |
| Current assets | 29/58 | €162,885 | €96,722 | -€66,162 | -40.6% |
| Amounts receivable within one year | 40/41 | €24,643 | €26,925 | +€2,282 | +9.3% |
| Trade receivables | 40 | €23,581 | €24,223 | +€642 | +2.7% |
| Other amounts receivable | 41 | €1,063 | €2,703 | +€1,640 | +154% |
| Cash at bank and in hand | 54/58 | €135,352 | €68,826 | -€66,526 | -49.2% |
| Deferred charges and accrued income | 490/1 | €2,890 | €971 | -€1,919 | -66.4% |
| Total equity and liabilities | 10/49 | €167,939 | €109,176 | -€58,763 | -35.0% |
| Equity | 10/15 | €68,043 | €100,575 | +€32,533 | +47.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,443 | €81,975 | +€32,533 | +65.8% |
| Amounts payable | 17/49 | €99,896 | €8,601 | -€91,295 | -91.4% |
| Amounts payable within one year | 42/48 | €99,896 | €8,448 | -€91,448 | -91.5% |
| Trade debts | 44 | €2,830 | €862 | -€1,968 | -69.5% |
| Suppliers | 440/4 | €2,830 | €862 | -€1,968 | -69.5% |
| Taxes, remuneration and social security | 45 | €3,675 | €2,321 | -€1,353 | -36.8% |
| Taxes | 450/3 | €3,675 | €2,321 | -€1,353 | -36.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €93,391 | €5,264 | -€88,127 | -94.4% |
| Accrued charges and deferred income | 492/3 | - | €153 | +€153 | |
| Non-recurring operating income | 76A | €2,313 | - | -€2,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,932 | €4,930 | -€3,002 | -37.8% |
| Other operating charges | 640/8 | €1,877 | €650 | -€1,227 | -65.4% |
| Gross operating margin | 9900 | €71,564 | €48,276 | -€23,288 | -32.5% |
| Operating profit (loss) | 9901 | €61,754 | €42,696 | -€19,059 | -30.9% |
| Financial income | 75/76B | €2,055 | €33 | -€2,022 | -98.4% |
| Recurring financial income | 75 | €2,055 | €33 | -€2,022 | -98.4% |
| Financial charges | 65/66B | €59 | €469 | +€410 | +690% |
| Recurring financial charges | 65 | €59 | €469 | +€410 | +690% |
| Profit (loss) for the period before taxes | 9903 | €63,750 | €42,259 | -€21,491 | -33.7% |
| Income taxes | 67/77 | €14,307 | €9,726 | -€4,581 | -32.0% |
| Profit (loss) for the period | 9904 | €49,443 | €32,533 | -€16,910 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,443 | €32,533 | -€16,910 | -34.2% |
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.