KATHY LEMAIRE: what changed
What changed
KATHY LEMAIRE
filed annual accounts (NBB)
Net result for the year
-€8,723
2024 · €9,041-€17,763
Equity
€194,672
2024 · €203,395-€8,723
Cash
€137,317
2024 · €128,900+€8,418
Balance sheet total
€1.2m
2024 · €1.3m-€48,944
Largest movements
Assets
- Tangible fixed assets -€45,989
down €45,989 (-4.7%), from €987,900 to €941,911
of which Plant, machinery and equipment: -€25,790
Equity and liabilities
- Debts after one year -€47,199
down €47,199 (-5.5%), from €859,808 to €812,609
of which Financial debts: -€49,099
Income statement
- Gross operating margin -€163,556
down €163,556 (-70.2%), from €232,837 to €69,281
- Financial charges -€6,086
down €6,086 (-17.6%), from €34,677 to €28,591
- Taxes -€3,386
down €3,386 (-100%), from €3,386 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,041
Gross operating margin
-€163,556
Depreciation
+€1,313
Financial income
+€9
Financial charges
+€6,086
Taxes
+€3,386
Deferred taxes and other
+€134,998
Result 2025
-€8,723
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€58,238
Investment
-€3,445
Financing
-€46,375
Cash 2024
€128,900
From operations (derived)
+€58,238
Net result for the year
-€8,723
Depreciation
+€49,434
Receivables within one year
+€11,528
Deferred charges and accrued income
-€155
Trade debts
+€9,857
Tax, wage and social debts
-€944
Other debts
-€225
Accrued charges and deferred income
-€2,534
Investment (derived)
-€3,445
Investment in fixed assets (net)
-€3,445
Financing
-€46,375
Debts after one year
-€47,199
Current portion of long-term debt
+€824
Cash 2025
€137,317
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,250,267 | €1,201,324 | -€48,944 | -3.9% |
| Fixed assets | 21/28 | €987,900 | €941,911 | -€45,989 | -4.7% |
| Tangible fixed assets | 22/27 | €987,900 | €941,911 | -€45,989 | -4.7% |
| Land and buildings | 22 | €771,577 | €751,379 | -€20,198 | -2.6% |
| Plant, machinery and equipment | 23 | €216,322 | €190,532 | -€25,790 | -11.9% |
| Current assets | 29/58 | €262,368 | €259,412 | -€2,955 | -1.1% |
| Amounts receivable within one year | 40/41 | €124,669 | €113,141 | -€11,528 | -9.2% |
| Trade receivables | 40 | €11,960 | €9,426 | -€2,534 | -21.2% |
| Other amounts receivable | 41 | €112,709 | €103,715 | -€8,994 | -8.0% |
| Cash at bank and in hand | 54/58 | €128,900 | €137,317 | +€8,418 | +6.5% |
| Deferred charges and accrued income | 490/1 | €8,799 | €8,954 | +€155 | +1.8% |
| Total equity and liabilities | 10/49 | €1,250,267 | €1,201,324 | -€48,944 | -3.9% |
| Equity | 10/15 | €203,395 | €194,672 | -€8,723 | -4.3% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Contributions outside capital | 11 | €6,334 | €6,334 | = | 0.0% |
| Other | 1109/19 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €135,802 | €135,802 | = | 0.0% |
| Non-distributable reserves | 130/1 | €804 | €804 | = | 0.0% |
| Reserves not available under the articles | 1311 | €804 | €804 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,998 | €134,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,258 | €52,536 | -€8,723 | -14.2% |
| Amounts payable | 17/49 | €1,046,873 | €1,006,652 | -€40,221 | -3.8% |
| Amounts payable after more than one year | 17 | €859,808 | €812,609 | -€47,199 | -5.5% |
| Financial debts | 170/4 | €842,458 | €793,359 | -€49,099 | -5.8% |
| Other amounts payable | 178/9 | €17,350 | €19,250 | +€1,900 | +11.0% |
| Amounts payable within one year | 42/48 | €182,430 | €191,943 | +€9,512 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €48,275 | €49,099 | +€824 | +1.7% |
| Trade debts | 44 | €2,117 | €11,975 | +€9,857 | +466% |
| Suppliers | 440/4 | €2,117 | €11,975 | +€9,857 | +466% |
| Taxes, remuneration and social security | 45 | €4,326 | €3,382 | -€944 | -21.8% |
| Taxes | 450/3 | €4,326 | €3,382 | -€944 | -21.8% |
| Other amounts payable | 47/48 | €127,711 | €127,486 | -€225 | -0.2% |
| Accrued charges and deferred income | 492/3 | €4,634 | €2,100 | -€2,534 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,747 | €49,434 | -€1,313 | -2.6% |
| Gross operating margin | 9900 | €232,837 | €69,281 | -€163,556 | -70.2% |
| Operating profit (loss) | 9901 | €182,090 | €19,848 | -€162,242 | -89.1% |
| Financial income | 75/76B | €12 | €21 | +€9 | +76.9% |
| Recurring financial income | 75 | €12 | €21 | +€9 | +76.9% |
| Financial charges | 65/66B | €34,677 | €28,591 | -€6,086 | -17.6% |
| Recurring financial charges | 65 | €34,677 | €28,591 | -€6,086 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €147,424 | -€8,723 | -€156,147 | |
| Transfer to deferred taxes | 680 | €134,998 | €0 | -€134,998 | -100% |
| Income taxes | 67/77 | €3,386 | €0 | -€3,386 | -100% |
| Profit (loss) for the period | 9904 | €9,041 | -€8,723 | -€17,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,041 | -€8,723 | -€17,763 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.