ANDRE LEMMENS: 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.
ANDRE LEMMENS
Largest movements
- Receivables within one year +€34,500
up €34,500 (+23.4%), from €147,300 to €181,800
- Other debts +€42,795
up €42,795 (+84.9%), from €50,379 to €93,174
- Tax, wage and social debts -€6,318
down €6,318 (-61.5%), from €10,267 to €3,949
of which Taxes: -€9,318
- Trade debts -€5,706
down €5,706 (-90.4%), from €6,311 to €605
- Depreciation -€5,076
down €5,076 (-100.0%), from €5,076 to €0
- Other operating charges +€1,123
up €1,123 (+22.6%), from €4,967 to €6,090
- Taxes +€1,068
up €1,068 (+164275.4%), from €1 to €1,068
- Gross operating margin -€113
down €113 (-1.1%), from €9,997 to €9,884
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 | €268,349 | €301,765 | +€33,417 | +12.5% |
| Fixed assets | 21/28 | €111,552 | €111,552 | = | 0.0% |
| Tangible fixed assets | 22/27 | €111,552 | €111,552 | = | 0.0% |
| Land and buildings | 22 | €111,552 | €111,552 | = | 0.0% |
| Current assets | 29/58 | €156,796 | €190,213 | +€33,417 | +21.3% |
| Amounts receivable within one year | 40/41 | €147,300 | €181,800 | +€34,500 | +23.4% |
| Other amounts receivable | 41 | €147,300 | €181,800 | +€34,500 | +23.4% |
| Cash at bank and in hand | 54/58 | €9,496 | €8,413 | -€1,083 | -11.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €268,349 | €301,765 | +€33,417 | +12.5% |
| Equity | 10/15 | €201,392 | €204,038 | +€2,646 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €18,412 | €18,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €0 | -€7,000 | -100.0% |
| Other | 1319 | - | €7,000 | +€7,000 | |
| Distributable reserves | 133 | €11,412 | €11,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,979 | €165,626 | +€2,646 | +1.6% |
| Amounts payable | 17/49 | €66,957 | €97,727 | +€30,770 | +46.0% |
| Amounts payable within one year | 42/48 | €66,957 | €97,727 | +€30,770 | +46.0% |
| Trade debts | 44 | €6,311 | €605 | -€5,706 | -90.4% |
| Suppliers | 440/4 | €6,311 | €605 | -€5,706 | -90.4% |
| Taxes, remuneration and social security | 45 | €10,267 | €3,949 | -€6,318 | -61.5% |
| Taxes | 450/3 | €10,267 | €949 | -€9,318 | -90.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €50,379 | €93,174 | +€42,795 | +84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,076 | €0 | -€5,076 | -100.0% |
| Other operating charges | 640/8 | €4,967 | €6,090 | +€1,123 | +22.6% |
| Gross operating margin | 9900 | €9,997 | €9,884 | -€113 | -1.1% |
| Operating profit (loss) | 9901 | -€46 | €3,794 | +€3,840 | |
| Financial income | 75/76B | €2 | €2 | -€1 | -31.2% |
| Recurring financial income | 75 | €2 | €2 | -€1 | -31.2% |
| Financial charges | 65/66B | €120 | €81 | -€39 | -32.2% |
| Recurring financial charges | 65 | €120 | €81 | -€39 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€163 | €3,715 | +€3,878 | |
| Income taxes | 67/77 | €1 | €1,068 | +€1,068 | +164275.4% |
| Profit (loss) for the period | 9904 | -€164 | €2,646 | +€2,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€164 | €2,646 | +€2,810 |
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 7 October 2026 via checked.be.