C. LEMAIRE: 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.
C. LEMAIRE
Largest movements
- Cash +€111,796
up €111,796 (+6094.5%), from €1,834 to €113,630
mainly Net result for the year (+€226,209) and Tax, wage and social debts (+€14,820)
- Receivables within one year +€10,421
up €10,421 (+55.0%), from €18,940 to €29,362
of which Other amounts receivable: +€10,421
- Tangible fixed assets -€9,991
down €9,991 (-12.6%), from €79,078 to €69,088
of which Leasing and similar rights: -€8,360
- Profit (loss) carried forward +€226,209
up €226,209 (+128.5%), from €176,046 to €402,254
- Debts after one year -€95,662
down €95,662 (-25.7%), from €372,051 to €276,390
- Trade debts -€20,153
down €20,153 (-98.8%), from €20,393 to €240
- Tax, wage and social debts +€14,820
up €14,820 (+69.0%), from €21,479 to €36,299
- Financial income +€89,999
up €89,999 (+200.0%), from €45,001 to €135,000
- Gross operating margin +€48,903
up €48,903 (+46.8%), from €104,567 to €153,470
- Taxes +€13,834
up €13,834 (+72.9%), from €18,978 to €32,812
- Depreciation +€6,767
up €6,767 (+210.0%), from €3,223 to €9,991
- Other operating charges -€6,579
down €6,579 (-75.2%), from €8,753 to €2,174
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 | €701,587 | €819,853 | +€118,266 | +16.9% |
| Fixed assets | 21/28 | €679,078 | €675,088 | -€3,991 | -0.6% |
| Tangible fixed assets | 22/27 | €79,078 | €69,088 | -€9,991 | -12.6% |
| Land and buildings | 22 | €39,705 | €38,322 | -€1,383 | -3.5% |
| Furniture and vehicles | 24 | €254 | €6 | -€248 | -97.8% |
| Leasing and similar rights | 25 | €39,120 | €30,760 | -€8,360 | -21.4% |
| Financial fixed assets | 28 | €600,000 | €606,000 | +€6,000 | +1.0% |
| Current assets | 29/58 | €22,509 | €144,765 | +€122,257 | +543.2% |
| Amounts receivable within one year | 40/41 | €18,940 | €29,362 | +€10,421 | +55.0% |
| Trade receivables | 40 | €18,876 | €18,876 | = | 0.0% |
| Other amounts receivable | 41 | €64 | €10,486 | +€10,421 | +16164.3% |
| Cash at bank and in hand | 54/58 | €1,834 | €113,630 | +€111,796 | +6094.5% |
| Deferred charges and accrued income | 490/1 | €1,734 | €1,773 | +€40 | +2.3% |
| Total equity and liabilities | 10/49 | €701,587 | €819,853 | +€118,266 | +16.9% |
| Equity | 10/15 | €184,046 | €410,254 | +€226,209 | +122.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,046 | €402,254 | +€226,209 | +128.5% |
| Amounts payable | 17/49 | €517,541 | €409,599 | -€107,943 | -20.9% |
| Amounts payable after more than one year | 17 | €372,051 | €276,390 | -€95,662 | -25.7% |
| Financial debts | 170/4 | €372,051 | €276,390 | -€95,662 | -25.7% |
| Amounts payable within one year | 42/48 | €145,490 | €133,209 | -€12,281 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €95,240 | €95,662 | +€422 | +0.4% |
| Trade debts | 44 | €20,393 | €240 | -€20,153 | -98.8% |
| Suppliers | 440/4 | €20,393 | €240 | -€20,153 | -98.8% |
| Taxes, remuneration and social security | 45 | €21,479 | €36,299 | +€14,820 | +69.0% |
| Taxes | 450/3 | €21,479 | €36,299 | +€14,820 | +69.0% |
| Other amounts payable | 47/48 | €8,378 | €1,008 | -€7,370 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,223 | €9,991 | +€6,767 | +210.0% |
| Other operating charges | 640/8 | €8,753 | €2,174 | -€6,579 | -75.2% |
| Gross operating margin | 9900 | €104,567 | €153,470 | +€48,903 | +46.8% |
| Operating profit (loss) | 9901 | €92,591 | €141,306 | +€48,715 | +52.6% |
| Financial income | 75/76B | €45,001 | €135,000 | +€89,999 | +200.0% |
| Recurring financial income | 75 | €45,001 | €135,000 | +€89,999 | +200.0% |
| Financial charges | 65/66B | €19,742 | €17,285 | -€2,456 | -12.4% |
| Recurring financial charges | 65 | €19,742 | €17,285 | -€2,456 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €117,850 | €259,020 | +€141,170 | +119.8% |
| Income taxes | 67/77 | €18,978 | €32,812 | +€13,834 | +72.9% |
| Profit (loss) for the period | 9904 | €98,872 | €226,209 | +€127,337 | +128.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,872 | €226,209 | +€127,337 | +128.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.