DR. LEMMERLING M.: what changed
DR. LEMMERLING M.
Largest movements
- Current investments +€550,000
up €550,000 (+122%), from €450,000 to €1.0m
- Cash +€122,929
up €122,929 (+10.0%), from €1.2m to €1.4m
mainly Net result for the year (+€512,198) and Tax, wage and social debts (+€100,871)
- Tangible fixed assets -€55,069
down €55,069 (-56.7%), from €97,173 to €42,104
of which Furniture and vehicles: -€55,461
- Receivables within one year -€53,198
no longer reported in 2026 (was €53,198)
- Reserves +€512,198
up €512,198 (+32.4%), from €1.6m to €2.1m
- Tax, wage and social debts +€100,871
up €100,871 (+708%), from €14,247 to €115,118
of which Taxes: +€95,105
- Other debts -€52,639
down €52,639 (-23.6%), from €222,850 to €170,211
- Gross operating margin +€499,476
up €499,476 (+134%), from €372,635 to €872,110
- Taxes +€156,668
up €156,668 (+198%), from €79,202 to €235,870
- Depreciation -€20,260
down €20,260 (-45.9%), from €44,104 to €23,845
- Financial income -€17,714
down €17,714 (-98.0%), from €18,074 to €360
- Financial charges +€9,475
up €9,475 (+71.7%), from €13,210 to €22,685
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,840,819 | €2,403,758 | +€562,938 | +30.6% |
| Fixed assets | 21/28 | €98,602 | €43,533 | -€55,069 | -55.8% |
| Tangible fixed assets | 22/27 | €97,173 | €42,104 | -€55,069 | -56.7% |
| Plant, machinery and equipment | 23 | €2,243 | €2,635 | +€392 | +17.5% |
| Furniture and vehicles | 24 | €93,540 | €38,080 | -€55,461 | -59.3% |
| Other tangible fixed assets | 26 | €1,390 | €1,390 | = | 0.0% |
| Financial fixed assets | 28 | €1,429 | €1,429 | = | 0.0% |
| Current assets | 29/58 | €1,742,218 | €2,360,225 | +€618,007 | +35.5% |
| Amounts receivable within one year | 40/41 | €53,198 | - | -€53,198 | |
| Other amounts receivable | 41 | €53,198 | - | -€53,198 | |
| Current investments | 50/53 | €450,000 | €1,000,000 | +€550,000 | +122% |
| Cash at bank and in hand | 54/58 | €1,233,918 | €1,356,848 | +€122,929 | +10.0% |
| Deferred charges and accrued income | 490/1 | €5,101 | €3,377 | -€1,724 | -33.8% |
| Total equity and liabilities | 10/49 | €1,840,819 | €2,403,758 | +€562,938 | +30.6% |
| Equity | 10/15 | €1,601,681 | €2,113,879 | +€512,198 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,579,562 | €2,091,759 | +€512,198 | +32.4% |
| Distributable reserves | 133 | €1,579,562 | €2,091,759 | +€512,198 | +32.4% |
| Profit (loss) carried forward | 14 | €3,520 | €3,520 | = | 0.0% |
| Amounts payable | 17/49 | €239,138 | €289,879 | +€50,741 | +21.2% |
| Amounts payable within one year | 42/48 | €239,138 | €289,879 | +€50,741 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €2,041 | €1,217 | -€825 | -40.4% |
| Suppliers | 440/4 | €2,041 | €1,217 | -€825 | -40.4% |
| Taxes, remuneration and social security | 45 | €14,247 | €115,118 | +€100,871 | +708% |
| Taxes | 450/3 | €4,726 | €99,831 | +€95,105 | +2,013% |
| Remuneration and social security | 454/9 | €9,521 | €15,287 | +€5,766 | +60.6% |
| Other amounts payable | 47/48 | €222,850 | €170,211 | -€52,639 | -23.6% |
| Non-recurring operating income | 76A | €145,819 | €58,501 | -€87,318 | -59.9% |
| Remuneration, social security and pensions | 62 | €72,344 | €75,364 | +€3,021 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,104 | €23,845 | -€20,260 | -45.9% |
| Other operating charges | 640/8 | €2,235 | €2,509 | +€274 | +12.3% |
| Gross operating margin | 9900 | €372,635 | €872,110 | +€499,476 | +134% |
| Operating profit (loss) | 9901 | €253,952 | €770,392 | +€516,440 | +203% |
| Financial income | 75/76B | €18,074 | €360 | -€17,714 | -98.0% |
| Recurring financial income | 75 | €18,074 | €360 | -€17,714 | -98.0% |
| Financial charges | 65/66B | €13,210 | €22,685 | +€9,475 | +71.7% |
| Recurring financial charges | 65 | €13,210 | €22,685 | +€9,475 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €258,816 | €748,067 | +€489,251 | +189% |
| Income taxes | 67/77 | €79,202 | €235,870 | +€156,668 | +198% |
| Profit (loss) for the period | 9904 | €179,614 | €512,198 | +€332,583 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €179,614 | €512,198 | +€332,583 | +185% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.