L.E.M. GROUP CONSTRUCT: 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.
L.E.M. GROUP CONSTRUCT
Largest movements
- Receivables within one year -€21,853
down €21,853 (-44.9%), from €48,680 to €26,827
of which Other amounts receivable: -€16,076
- Cash +€931
up €931 (+144%), from €645 to €1,577
mainly Receivables within one year (+€21,853) and Tax, wage and social debts (+€4,588)
- Tangible fixed assets -€920
down €920 (-83.4%), from €1,104 to €183
of which Furniture and vehicles: -€733
- Profit (loss) carried forward -€18,972
down €18,972 (-66.1%), from €28,711 to €9,739
- Current portion of long-term debt -€11,052
no longer reported in 2025 (was €11,052)
- Tax, wage and social debts +€4,588
up €4,588 (+176%), from €2,608 to €7,197
of which Remuneration and social security: +€2,320
- Other debts +€1,707
new in 2025: €1,707
- Accrued charges and deferred income +€1,000
new in 2025: €1,000
- Gross operating margin -€13,686
down €13,686, from €5,674 to -€8,012
- Other operating charges +€7,189
up €7,189 (+350%), from €2,056 to €9,245
- Taxes -€808
no longer reported in 2025 (was €808)
- Depreciation -€290
down €290 (-24.0%), from €1,210 to €920
- Staff costs -€90
no longer reported in 2025 (was €90)
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 | €50,429 | €28,747 | -€21,682 | -43.0% |
| Fixed assets | 21/28 | €1,104 | €344 | -€760 | -68.9% |
| Tangible fixed assets | 22/27 | €1,104 | €183 | -€920 | -83.4% |
| Plant, machinery and equipment | 23 | €187 | - | -€187 | |
| Furniture and vehicles | 24 | €917 | €183 | -€733 | -80.0% |
| Financial fixed assets | 28 | - | €160 | +€160 | |
| Current assets | 29/58 | €49,325 | €28,404 | -€20,922 | -42.4% |
| Amounts receivable within one year | 40/41 | €48,680 | €26,827 | -€21,853 | -44.9% |
| Trade receivables | 40 | €32,604 | €26,827 | -€5,777 | -17.7% |
| Other amounts receivable | 41 | €16,076 | - | -€16,076 | |
| Cash at bank and in hand | 54/58 | €645 | €1,577 | +€931 | +144% |
| Total equity and liabilities | 10/49 | €50,429 | €28,747 | -€21,682 | -43.0% |
| Equity | 10/15 | €35,211 | €16,239 | -€18,972 | -53.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Contributions outside capital | 11 | €6,500 | €6,500 | = | 0.0% |
| Other | 1109/19 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,711 | €9,739 | -€18,972 | -66.1% |
| Amounts payable | 17/49 | €15,218 | €12,508 | -€2,710 | -17.8% |
| Amounts payable within one year | 42/48 | €15,218 | €11,508 | -€3,710 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €11,052 | - | -€11,052 | |
| Financial debts | 43 | - | €112 | +€112 | |
| Credit institutions | 430/8 | - | €112 | +€112 | |
| Trade debts | 44 | €1,557 | €2,493 | +€935 | +60.1% |
| Suppliers | 440/4 | €1,557 | €2,493 | +€935 | +60.1% |
| Taxes, remuneration and social security | 45 | €2,608 | €7,197 | +€4,588 | +176% |
| Taxes | 450/3 | €808 | €3,077 | +€2,268 | +281% |
| Remuneration and social security | 454/9 | €1,800 | €4,120 | +€2,320 | +129% |
| Other amounts payable | 47/48 | - | €1,707 | +€1,707 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €90 | - | -€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,210 | €920 | -€290 | -24.0% |
| Other operating charges | 640/8 | €2,056 | €9,245 | +€7,189 | +350% |
| Gross operating margin | 9900 | €5,674 | -€8,012 | -€13,686 | |
| Operating profit (loss) | 9901 | €2,317 | -€18,178 | -€20,495 | |
| Financial income | 75/76B | €1 | €34 | +€33 | +5,369% |
| Recurring financial income | 75 | €1 | €34 | +€33 | +5,369% |
| Financial charges | 65/66B | €779 | €828 | +€50 | +6.4% |
| Recurring financial charges | 65 | €779 | €828 | +€50 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €1,539 | -€18,972 | -€20,512 | |
| Income taxes | 67/77 | €808 | - | -€808 | |
| Profit (loss) for the period | 9904 | €731 | -€18,972 | -€19,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €731 | -€18,972 | -€19,703 |
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 13 October 2026 via checked.be.