DANIEL 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.
DANIEL LEMMENS
Largest movements
- Cash +€32,565
new in 2025: €32,565
mainly Net result for the year (+€54,874) and Receivables within one year (+€28,856)
- Receivables within one year -€28,856
no longer reported in 2025 (was €28,856)
of which Trade receivables: -€24,979
- Tangible fixed assets -€14,831
down €14,831 (-43.9%), from €33,755 to €18,925
- Deferred charges and accrued income -€662
down €662 (-37.7%), from €1,757 to €1,095
- Other debts -€55,111
no longer reported in 2025 (was €55,111)
- Profit (loss) carried forward +€54,874
up €54,874 (+51.7%), from -€106,161 to -€51,287
- Provisions +€20,000
new in 2025: €20,000
- Current portion of long-term debt -€18,494
down €18,494 (-58.3%), from €31,705 to €13,210
- Debts after one year -€13,210
no longer reported in 2025 (was €13,210)
- Gross operating margin +€20,601
up €20,601 (+27.5%), from €74,924 to €95,524
- Provisions +€20,000
new in 2025: €20,000
- Staff costs -€11,078
down €11,078 (-86.4%), from €12,819 to €1,741
- Depreciation -€2,830
down €2,830 (-14.1%), from €20,018 to €17,188
- Financial charges -€1,224
down €1,224 (-50.4%), from €2,429 to €1,205
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 | €64,368 | €52,585 | -€11,784 | -18.3% |
| Fixed assets | 21/28 | €33,755 | €18,925 | -€14,831 | -43.9% |
| Tangible fixed assets | 22/27 | €33,755 | €18,925 | -€14,831 | -43.9% |
| Plant, machinery and equipment | 23 | €10,775 | €5,482 | -€5,293 | -49.1% |
| Furniture and vehicles | 24 | €10,503 | €6,075 | -€4,428 | -42.2% |
| Other tangible fixed assets | 26 | €12,477 | €7,367 | -€5,111 | -41.0% |
| Current assets | 29/58 | €30,613 | €33,660 | +€3,047 | +10.0% |
| Amounts receivable within one year | 40/41 | €28,856 | - | -€28,856 | |
| Trade receivables | 40 | €24,979 | - | -€24,979 | |
| Other amounts receivable | 41 | €3,877 | - | -€3,877 | |
| Cash at bank and in hand | 54/58 | - | €32,565 | +€32,565 | |
| Deferred charges and accrued income | 490/1 | €1,757 | €1,095 | -€662 | -37.7% |
| Total equity and liabilities | 10/49 | €64,368 | €52,585 | -€11,784 | -18.3% |
| Equity | 10/15 | -€39,445 | €15,429 | +€54,874 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,124 | €48,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €14,765 | €14,765 | = | 0.0% |
| Distributable reserves | 133 | €31,500 | €33,359 | +€1,859 | +5.9% |
| Profit (loss) carried forward | 14 | -€106,161 | -€51,287 | +€54,874 | +51.7% |
| Provisions and deferred taxes | 16 | - | €20,000 | +€20,000 | |
| Provisions for liabilities and charges | 160/5 | - | €20,000 | +€20,000 | |
| Other liabilities and charges | 164/5 | - | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €103,813 | €17,156 | -€86,657 | -83.5% |
| Amounts payable after more than one year | 17 | €13,210 | - | -€13,210 | |
| Financial debts | 170/4 | €13,210 | - | -€13,210 | |
| Amounts payable within one year | 42/48 | €90,603 | €17,156 | -€73,447 | -81.1% |
| Current portion of amounts payable after more than one year | 42 | €31,705 | €13,210 | -€18,494 | -58.3% |
| Financial debts | 43 | €228 | - | -€228 | |
| Credit institutions | 430/8 | €228 | - | -€228 | |
| Trade debts | 44 | €3,420 | €3,630 | +€210 | +6.1% |
| Suppliers | 440/4 | €3,420 | €3,630 | +€210 | +6.1% |
| Taxes, remuneration and social security | 45 | €140 | €316 | +€176 | +126.3% |
| Taxes | 450/3 | €140 | €316 | +€176 | +126.3% |
| Other amounts payable | 47/48 | €55,111 | - | -€55,111 | |
| Remuneration, social security and pensions | 62 | €12,819 | €1,741 | -€11,078 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,018 | €17,188 | -€2,830 | -14.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €20,000 | +€20,000 | |
| Other operating charges | 640/8 | €1,079 | €376 | -€703 | -65.2% |
| Gross operating margin | 9900 | €74,924 | €95,524 | +€20,601 | +27.5% |
| Operating profit (loss) | 9901 | €41,008 | €56,220 | +€15,211 | +37.1% |
| Financial income | 75/76B | €21 | €36 | +€15 | +69.8% |
| Recurring financial income | 75 | €21 | €36 | +€15 | +69.8% |
| Financial charges | 65/66B | €2,429 | €1,205 | -€1,224 | -50.4% |
| Recurring financial charges | 65 | €2,429 | €1,205 | -€1,224 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €38,600 | €55,050 | +€16,450 | +42.6% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.3% |
| Profit (loss) for the period | 9904 | €38,460 | €54,874 | +€16,413 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,460 | €54,874 | +€16,413 | +42.7% |
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 6 October 2026 via checked.be.