Dr. LEMMENS: 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.
Dr. LEMMENS
Largest movements
- Cash +€129,157
up €129,157 (+90.8%), from €142,227 to €271,384
mainly Current investments (+€92,141) and Net result for the year (+€44,194)
- Current investments -€92,141
down €92,141 (-22.1%), from €416,088 to €323,947
- Reserves +€44,194
up €44,194 (+9.7%), from €455,700 to €499,894
of which Distributable reserves: +€70,604
- Gross operating margin -€14,534
down €14,534 (-18.2%), from €79,960 to €65,426
- Financial income +€4,628
up €4,628 (+130%), from €3,570 to €8,197
- Taxes -€3,510
down €3,510 (-13.3%), from €26,324 to €22,815
- Depreciation -€1,368
down €1,368 (-43.6%), from €3,137 to €1,770
- Financial charges +€1,163
up €1,163 (+53.7%), from €2,167 to €3,330
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 | €560,710 | €599,658 | +€38,948 | +6.9% |
| Fixed assets | 21/28 | €2,395 | €2,682 | +€287 | +12.0% |
| Tangible fixed assets | 22/27 | €2,395 | €2,682 | +€287 | +12.0% |
| Furniture and vehicles | 24 | €707 | €0 | -€707 | -100% |
| Other tangible fixed assets | 26 | €1,688 | €2,682 | +€994 | +58.9% |
| Current assets | 29/58 | €558,316 | €596,976 | +€38,661 | +6.9% |
| Amounts receivable within one year | 40/41 | €0 | €1,645 | +€1,645 | |
| Other amounts receivable | 41 | €0 | €1,645 | +€1,645 | |
| Current investments | 50/53 | €416,088 | €323,947 | -€92,141 | -22.1% |
| Cash at bank and in hand | 54/58 | €142,227 | €271,384 | +€129,157 | +90.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €560,710 | €599,658 | +€38,948 | +6.9% |
| Equity | 10/15 | €513,600 | €557,794 | +€44,194 | +8.6% |
| Contributions | 10/11 | €57,900 | €57,900 | = | 0.0% |
| Reserves | 13 | €455,700 | €499,894 | +€44,194 | +9.7% |
| Non-distributable reserves | 130/1 | €26,410 | €0 | -€26,410 | -100% |
| Reserves not available under the articles | 1311 | €26,410 | €0 | -€26,410 | -100% |
| Distributable reserves | 133 | €429,290 | €499,894 | +€70,604 | +16.4% |
| Amounts payable | 17/49 | €47,110 | €41,864 | -€5,246 | -11.1% |
| Amounts payable within one year | 42/48 | €47,110 | €41,864 | -€5,246 | -11.1% |
| Trade debts | 44 | €113 | €572 | +€459 | +408% |
| Suppliers | 440/4 | €113 | €572 | +€459 | +408% |
| Taxes, remuneration and social security | 45 | €3,407 | €0 | -€3,407 | -100% |
| Taxes | 450/3 | €3,407 | €0 | -€3,407 | -100% |
| Other amounts payable | 47/48 | €43,591 | €41,292 | -€2,299 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €1,770 | -€1,368 | -43.6% |
| Other operating charges | 640/8 | €1,342 | €1,515 | +€172 | +12.8% |
| Gross operating margin | 9900 | €79,960 | €65,426 | -€14,534 | -18.2% |
| Operating profit (loss) | 9901 | €75,481 | €62,142 | -€13,339 | -17.7% |
| Financial income | 75/76B | €3,570 | €8,197 | +€4,628 | +130% |
| Recurring financial income | 75 | €3,570 | €8,197 | +€4,628 | +130% |
| Financial charges | 65/66B | €2,167 | €3,330 | +€1,163 | +53.7% |
| Recurring financial charges | 65 | €2,167 | €3,330 | +€1,163 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €76,883 | €67,009 | -€9,874 | -12.8% |
| Income taxes | 67/77 | €26,324 | €22,815 | -€3,510 | -13.3% |
| Profit (loss) for the period | 9904 | €50,559 | €44,194 | -€6,365 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,559 | €44,194 | -€6,365 | -12.6% |
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 17 October 2026 via checked.be.