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
- Receivables within one year +€309,672
up €309,672 (+555%), from €55,768 to €365,440
- Cash -€204,748
down €204,748 (-67.1%), from €305,253 to €100,506
mainly Receivables within one year (-€309,672) and Deferred charges and accrued income (-€14,320)
- Deferred charges and accrued income +€14,320
up €14,320 (+51.3%), from €27,891 to €42,211
- Reserves +€97,600
up €97,600 (+27.1%), from €360,690 to €458,290
- Accrued charges and deferred income +€13,600
new in 2025: €13,600
- Tax, wage and social debts +€11,004
up €11,004 (+55.6%), from €19,801 to €30,804
- Gross operating margin -€32,954
down €32,954 (-18.9%), from €174,808 to €141,854
- Taxes -€8,390
down €8,390 (-16.8%), from €49,801 to €41,411
- Financial income +€4,692
up €4,692 (+296%), from €1,587 to €6,279
- Depreciation +€2,271
up €2,271 (+66.8%), from €3,400 to €5,671
- Financial charges -€1,989
down €1,989 (-57.6%), from €3,453 to €1,464
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 | €436,512 | €555,536 | +€119,023 | +27.3% |
| Fixed assets | 21/28 | €47,600 | €47,379 | -€221 | -0.5% |
| Tangible fixed assets | 22/27 | €47,600 | €47,379 | -€221 | -0.5% |
| Land and buildings | 22 | €47,600 | €44,200 | -€3,400 | -7.1% |
| Furniture and vehicles | 24 | - | €3,179 | +€3,179 | |
| Current assets | 29/58 | €388,912 | €508,156 | +€119,244 | +30.7% |
| Amounts receivable within one year | 40/41 | €55,768 | €365,440 | +€309,672 | +555% |
| Other amounts receivable | 41 | €55,768 | €365,440 | +€309,672 | +555% |
| Cash at bank and in hand | 54/58 | €305,253 | €100,506 | -€204,748 | -67.1% |
| Deferred charges and accrued income | 490/1 | €27,891 | €42,211 | +€14,320 | +51.3% |
| Total equity and liabilities | 10/49 | €436,512 | €555,536 | +€119,023 | +27.3% |
| Equity | 10/15 | €380,817 | €478,529 | +€97,712 | +25.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €360,690 | €458,290 | +€97,600 | +27.1% |
| Distributable reserves | 133 | €360,690 | €458,290 | +€97,600 | +27.1% |
| Profit (loss) carried forward | 14 | €127 | €239 | +€112 | +88.0% |
| Amounts payable | 17/49 | €55,695 | €77,007 | +€21,311 | +38.3% |
| Amounts payable after more than one year | 17 | €31,994 | €28,854 | -€3,140 | -9.8% |
| Financial debts | 170/4 | €31,994 | €28,854 | -€3,140 | -9.8% |
| Amounts payable within one year | 42/48 | €23,701 | €34,552 | +€10,851 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €3,470 | €3,140 | -€330 | -9.5% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €430 | €607 | +€177 | +41.1% |
| Suppliers | 440/4 | €430 | €607 | +€177 | +41.1% |
| Taxes, remuneration and social security | 45 | €19,801 | €30,804 | +€11,004 | +55.6% |
| Taxes | 450/3 | €19,801 | €30,804 | +€11,004 | +55.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €13,600 | +€13,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,400 | €5,671 | +€2,271 | +66.8% |
| Other operating charges | 640/8 | €1,643 | €1,875 | +€232 | +14.1% |
| Gross operating margin | 9900 | €174,808 | €141,854 | -€32,954 | -18.9% |
| Operating profit (loss) | 9901 | €169,764 | €134,308 | -€35,456 | -20.9% |
| Financial income | 75/76B | €1,587 | €6,279 | +€4,692 | +296% |
| Recurring financial income | 75 | €1,587 | €6,279 | +€4,692 | +296% |
| Financial charges | 65/66B | €3,453 | €1,464 | -€1,989 | -57.6% |
| Recurring financial charges | 65 | €3,453 | €1,464 | -€1,989 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €167,897 | €139,123 | -€28,775 | -17.1% |
| Income taxes | 67/77 | €49,801 | €41,411 | -€8,390 | -16.8% |
| Profit (loss) for the period | 9904 | €118,097 | €97,712 | -€20,385 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,097 | €97,712 | -€20,385 | -17.3% |
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 25 October 2026 via checked.be.