HET LEMNISCAAT: 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.
HET LEMNISCAAT
Largest movements
- Tangible fixed assets +€32,545
up €32,545 (+604.1%), from €5,387 to €37,932
of which Leasing and similar rights: +€20,799
- Cash -€1,751
down €1,751 (-20.1%), from €8,706 to €6,955
mainly Investment in fixed assets (net) (-€35,536) and Other debts (-€2,289)
- Debts after one year +€15,047
new in 2025: €15,047
- Profit (loss) carried forward +€13,299
up €13,299 (+174.0%), from €7,641 to €20,940
- Current portion of long-term debt +€5,877
new in 2025: €5,877
- Other debts -€2,289
down €2,289 (-69.1%), from €3,314 to €1,025
- Tax, wage and social debts -€713
down €713 (-32.4%), from €2,198 to €1,486
- Gross operating margin +€9,480
up €9,480 (+70.6%), from €13,429 to €22,909
- Depreciation -€2,457
down €2,457 (-45.1%), from €5,449 to €2,991
- Taxes +€1,933
up €1,933 (+82.2%), from €2,352 to €4,285
- Financial charges -€370
down €370 (-55.1%), from €671 to €302
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 | €14,611 | €45,511 | +€30,900 | +211.5% |
| Fixed assets | 21/28 | €5,387 | €37,932 | +€32,545 | +604.1% |
| Tangible fixed assets | 22/27 | €5,387 | €37,932 | +€32,545 | +604.1% |
| Furniture and vehicles | 24 | €2,474 | €4,257 | +€1,783 | +72.1% |
| Leasing and similar rights | 25 | - | €20,799 | +€20,799 | |
| Other tangible fixed assets | 26 | €2,913 | €12,876 | +€9,962 | +342.0% |
| Current assets | 29/58 | €9,224 | €7,579 | -€1,645 | -17.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,706 | €6,955 | -€1,751 | -20.1% |
| Deferred charges and accrued income | 490/1 | €518 | €624 | +€106 | +20.5% |
| Total equity and liabilities | 10/49 | €14,611 | €45,511 | +€30,900 | +211.5% |
| Equity | 10/15 | €8,641 | €21,940 | +€13,299 | +153.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,641 | €20,940 | +€13,299 | +174.0% |
| Amounts payable | 17/49 | €5,970 | €23,571 | +€17,601 | +294.8% |
| Amounts payable after more than one year | 17 | - | €15,047 | +€15,047 | |
| Financial debts | 170/4 | - | €15,047 | +€15,047 | |
| Amounts payable within one year | 42/48 | €5,970 | €8,525 | +€2,554 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,877 | +€5,877 | |
| Financial debts | 43 | €458 | - | -€458 | |
| Credit institutions | 430/8 | €458 | - | -€458 | |
| Trade debts | 44 | €0 | €136 | +€136 | |
| Suppliers | 440/4 | €0 | €136 | +€136 | |
| Taxes, remuneration and social security | 45 | €2,198 | €1,486 | -€713 | -32.4% |
| Taxes | 450/3 | €2,198 | €1,486 | -€713 | -32.4% |
| Other amounts payable | 47/48 | €3,314 | €1,025 | -€2,289 | -69.1% |
| Non-recurring operating income | 76A | - | €8,990 | +€8,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,449 | €2,991 | -€2,457 | -45.1% |
| Other operating charges | 640/8 | €2,054 | €2,032 | -€22 | -1.0% |
| Gross operating margin | 9900 | €13,429 | €22,909 | +€9,480 | +70.6% |
| Operating profit (loss) | 9901 | €5,927 | €17,885 | +€11,958 | +201.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €671 | €302 | -€370 | -55.1% |
| Recurring financial charges | 65 | €671 | €302 | -€370 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €5,255 | €17,583 | +€12,328 | +234.6% |
| Income taxes | 67/77 | €2,352 | €4,285 | +€1,933 | +82.2% |
| Profit (loss) for the period | 9904 | €2,904 | €13,299 | +€10,395 | +358.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,904 | €13,299 | +€10,395 | +358.0% |
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 12 October 2026 via checked.be.