A. LEMAIRE DISTRIBUTION: 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.
What changed
A. LEMAIRE DISTRIBUTION
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€60,309
2024 · €23,709+€36,601
Equity
€1.0m
2024 · €952,434+€57,953
Cash
€54,508
2024 · €78,313-€23,805
Balance sheet total
€2.5m
2024 · €2.5m-€82,762
Largest movements
Assets
- Tangible fixed assets -€89,687
down €89,687 (-12.9%), from €696,136 to €606,449
of which Furniture and vehicles: -€45,220
- Receivables within one year -€34,005
down €34,005 (-5.0%), from €679,560 to €645,556
of which Trade receivables: -€21,625
- Deferred charges and accrued income +€28,551
up €28,551 (+476%), from €6,000 to €34,551
Equity and liabilities
- Trade debts -€86,182
down €86,182 (-38.2%), from €225,506 to €139,324
- Debts after one year -€80,254
down €80,254 (-8.2%), from €975,248 to €894,995
of which Financial debts: -€74,254
- Reserves +€60,150
up €60,150 (+9.4%), from €636,724 to €696,874
of which Distributable reserves: +€63,000
- Accrued charges and deferred income +€40,774
up €40,774 (+350%), from €11,646 to €52,420
- Tax, wage and social debts -€27,892
down €27,892 (-15.7%), from €177,732 to €149,840
of which Remuneration and social security: -€14,105
Income statement
- Gross operating margin +€103,596
up €103,596 (+8.9%), from €1.2m to €1.3m
- Financial charges +€39,607
up €39,607 (+131%), from €30,151 to €69,758
of which Financial charges: +€39,617
- Staff costs +€16,495
up €16,495 (+1.8%), from €931,522 to €948,017
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.
Result 2024
€23,709
Gross operating margin
+€103,596
Staff costs
-€16,495
Depreciation
-€12,148
Write-downs
+€763
Other operating charges
+€11,241
Financial income
+€2,404
Financial charges
-€39,607
Taxes
-€12,345
Deferred taxes and other
-€809
Result 2025
€60,309
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€131,395
Investment
-€87,560
Financing
-€67,640
Cash 2024
€78,313
From operations (derived)
+€131,395
Net result for the year
+€60,309
Depreciation
+€153,692
Stocks and contracts
-€12,629
Receivables within one year
+€34,005
Deferred charges and accrued income
-€28,551
Provisions
-€813
Trade debts
-€86,182
Tax, wage and social debts
-€27,892
Other debts
-€1,318
Accrued charges and deferred income
+€40,774
Investment (derived)
-€87,560
Investment in fixed assets (net)
-€87,560
Financing
-€67,640
Debts after one year
-€80,254
Current portion of long-term debt
+€14,970
Contributions, distributions and other
-€2,356
Cash 2025
€54,508
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,537,857 | €2,455,095 | -€82,762 | -3.3% |
| Fixed assets | 21/28 | €699,802 | €633,671 | -€66,131 | -9.4% |
| Intangible fixed assets | 21 | €3,666 | €27,221 | +€23,555 | +643% |
| Tangible fixed assets | 22/27 | €696,136 | €606,449 | -€89,687 | -12.9% |
| Land and buildings | 22 | €416,065 | €375,479 | -€40,586 | -9.8% |
| Plant, machinery and equipment | 23 | €17,528 | €13,647 | -€3,880 | -22.1% |
| Furniture and vehicles | 24 | €262,543 | €217,323 | -€45,220 | -17.2% |
| Current assets | 29/58 | €1,838,055 | €1,821,424 | -€16,631 | -0.9% |
| Stocks and contracts in progress | 3 | €1,074,181 | €1,086,810 | +€12,629 | +1.2% |
| Stocks | 30/36 | €1,074,181 | €1,086,810 | +€12,629 | +1.2% |
| Amounts receivable within one year | 40/41 | €679,560 | €645,556 | -€34,005 | -5.0% |
| Trade receivables | 40 | €665,787 | €644,162 | -€21,625 | -3.2% |
| Other amounts receivable | 41 | €13,773 | €1,394 | -€12,380 | -89.9% |
| Cash at bank and in hand | 54/58 | €78,313 | €54,508 | -€23,805 | -30.4% |
| Deferred charges and accrued income | 490/1 | €6,000 | €34,551 | +€28,551 | +476% |
| Total equity and liabilities | 10/49 | €2,537,857 | €2,455,095 | -€82,762 | -3.3% |
| Equity | 10/15 | €952,434 | €1,010,387 | +€57,953 | +6.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €636,724 | €696,874 | +€60,150 | +9.4% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,978 | €23,128 | -€2,850 | -11.0% |
| Distributable reserves | 133 | €580,746 | €643,746 | +€63,000 | +10.8% |
| Profit (loss) carried forward | 14 | €57 | €217 | +€160 | +279% |
| Investment grants | 15 | €15,652 | €13,296 | -€2,356 | -15.1% |
| Provisions and deferred taxes | 16 | €7,388 | €6,574 | -€813 | -11.0% |
| Deferred taxes | 168 | €7,388 | €6,574 | -€813 | -11.0% |
| Amounts payable | 17/49 | €1,578,036 | €1,438,134 | -€139,902 | -8.9% |
| Amounts payable after more than one year | 17 | €975,248 | €894,995 | -€80,254 | -8.2% |
| Financial debts | 170/4 | €304,279 | €230,026 | -€74,254 | -24.4% |
| Other amounts payable | 178/9 | €670,969 | €664,969 | -€6,000 | -0.9% |
| Amounts payable within one year | 42/48 | €591,142 | €490,719 | -€100,423 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €186,528 | €201,498 | +€14,970 | +8.0% |
| Trade debts | 44 | €225,506 | €139,324 | -€86,182 | -38.2% |
| Suppliers | 440/4 | €225,506 | €139,324 | -€86,182 | -38.2% |
| Taxes, remuneration and social security | 45 | €177,732 | €149,840 | -€27,892 | -15.7% |
| Taxes | 450/3 | €38,726 | €24,938 | -€13,787 | -35.6% |
| Remuneration and social security | 454/9 | €139,007 | €124,902 | -€14,105 | -10.1% |
| Other amounts payable | 47/48 | €1,375 | €57 | -€1,318 | -95.8% |
| Accrued charges and deferred income | 492/3 | €11,646 | €52,420 | +€40,774 | +350% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €931,522 | €948,017 | +€16,495 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,544 | €153,692 | +€12,148 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,542 | -€2,305 | -€763 | -49.5% |
| Other operating charges | 640/8 | €41,957 | €30,717 | -€11,241 | -26.8% |
| Gross operating margin | 9900 | €1,160,357 | €1,263,953 | +€103,596 | +8.9% |
| Operating profit (loss) | 9901 | €46,876 | €133,832 | +€86,957 | +186% |
| Financial income | 75/76B | €16,644 | €19,048 | +€2,404 | +14.4% |
| Recurring financial income | 75 | €16,644 | €19,048 | +€2,404 | +14.4% |
| Financial charges | 65/66B | €30,151 | €69,758 | +€39,607 | +131% |
| Recurring financial charges | 65 | €30,141 | €69,758 | +€39,617 | +131% |
| Non-recurring financial charges | 66B | €10 | - | -€10 | |
| Profit (loss) for the period before taxes | 9903 | €33,368 | €83,122 | +€49,754 | +149% |
| Transfer from deferred taxes | 780 | €1,622 | €813 | -€809 | -49.9% |
| Income taxes | 67/77 | €11,282 | €23,626 | +€12,345 | +109% |
| Profit (loss) for the period | 9904 | €23,709 | €60,309 | +€36,601 | +154% |
| Transfer from tax-exempt reserves | 789 | €2,851 | €2,850 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,559 | €63,160 | +€36,600 | +138% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.