L.M. BIEMAR: 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.
What changed
L.M. BIEMAR
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€451,102
2024 · €12.3m-€11.8m
Equity
€39.9m
2024 · €39.5m+€391,102
Cash
€139,040
2024 · €311,786-€172,746
Balance sheet total
€41.6m
2024 · €41.8m-€152,294
Largest movements
Assets
- Financial fixed assets -€438,000
down €438,000 (-1.1%), from €40.5m to €40.1m
of which Other financial fixed assets: -€438,000
Equity and liabilities
- Debts after one year -€571,571
down €571,571 (-36.3%), from €1.6m to €1.0m
of which Financial debts: -€507,571
Income statement
- Financial income -€11.9m
down €11.9m (-96.5%), from €12.3m to €426,155
- Services and other goods -€35,769
down €35,769 (-8.8%), from €405,120 to €369,351
- Other operating income -€16,402
down €16,402 (-80.1%), from €20,472 to €4,071
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.
Result 2024
€12.3m
Turnover
+€760
Other operating income
-€16,402
Services and other goods
+€35,769
Depreciation
-€1,224
Other operating charges
-€31
Financial income
-€11.9m
Financial charges
+€4,477
Taxes
-€3,031
Result 2025
€451,102
raises the resultlowers the result
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.
From operations
+€16,218
Investment
+€438,000
Financing
-€626,965
Cash 2024
€311,786
From operations (derived)
+€16,218
Net result for the year
+€451,102
Depreciation
+€3,603
Receivables within one year
-€405,126
Deferred charges and accrued income
-€56,929
Trade debts
-€29,679
Tax, wage and social debts
-€7,891
Other debts
+€60,000
Accrued charges and deferred income
+€1,138
Investment (derived)
+€438,000
Investment in fixed assets (net)
+€438,000
Financing
-€626,965
Debts after one year
-€571,571
Current portion of long-term debt
+€4,606
Contributions, distributions and other
-€60,000
Cash 2025
€139,040
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,780,052 | €41,627,758 | -€152,294 | -0.4% |
| Fixed assets | 21/28 | €40,498,240 | €40,056,637 | -€441,603 | -1.1% |
| Intangible fixed assets | 21 | €8,430 | €4,827 | -€3,603 | -42.7% |
| Financial fixed assets | 28 | €40,489,810 | €40,051,810 | -€438,000 | -1.1% |
| Affiliated companies | 280/1 | €19,030,810 | €19,030,810 | = | 0.0% |
| Participating interests | 280 | €19,030,810 | €19,030,810 | = | 0.0% |
| Other financial fixed assets | 284/8 | €21,459,000 | €21,021,000 | -€438,000 | -2.0% |
| Amounts receivable and cash guarantees | 285/8 | €21,459,000 | €21,021,000 | -€438,000 | -2.0% |
| Current assets | 29/58 | €1,281,812 | €1,571,121 | +€289,309 | +22.6% |
| Amounts receivable within one year | 40/41 | €600,800 | €1,005,926 | +€405,126 | +67.4% |
| Trade receivables | 40 | €800 | - | -€800 | |
| Other amounts receivable | 41 | €600,000 | €1,005,926 | +€405,926 | +67.7% |
| Cash at bank and in hand | 54/58 | €311,786 | €139,040 | -€172,746 | -55.4% |
| Deferred charges and accrued income | 490/1 | €369,226 | €426,155 | +€56,929 | +15.4% |
| Total equity and liabilities | 10/49 | €41,780,052 | €41,627,758 | -€152,294 | -0.4% |
| Equity | 10/15 | €39,523,492 | €39,914,594 | +€391,102 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,503,032 | €39,894,134 | +€391,102 | +1.0% |
| Amounts payable | 17/49 | €2,256,560 | €1,713,164 | -€543,396 | -24.1% |
| Amounts payable after more than one year | 17 | €1,575,762 | €1,004,191 | -€571,571 | -36.3% |
| Financial debts | 170/4 | €1,191,570 | €683,999 | -€507,571 | -42.6% |
| Credit institutions | 173 | €1,191,570 | €683,999 | -€507,571 | -42.6% |
| Other amounts payable | 178/9 | €384,192 | €320,192 | -€64,000 | -16.7% |
| Amounts payable within one year | 42/48 | €680,798 | €707,835 | +€27,037 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €550,965 | €555,571 | +€4,606 | +0.8% |
| Trade debts | 44 | €34,499 | €4,821 | -€29,679 | -86.0% |
| Suppliers | 440/4 | €34,499 | €4,821 | -€29,679 | -86.0% |
| Taxes, remuneration and social security | 45 | €95,335 | €87,444 | -€7,891 | -8.3% |
| Taxes | 450/3 | €95,335 | €87,444 | -€7,891 | -8.3% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,138 | +€1,138 | |
| Operating income | 70/76A | €562,224 | €546,583 | -€15,641 | -2.8% |
| Turnover | 70 | €541,752 | €542,512 | +€760 | +0.1% |
| Other operating income | 74 | €20,472 | €4,071 | -€16,402 | -80.1% |
| Operating charges | 60/66A | €408,466 | €373,952 | -€34,514 | -8.4% |
| Services and other goods | 61 | €405,120 | €369,351 | -€35,769 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €3,603 | +€1,224 | +51.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €153,758 | €172,631 | +€18,873 | +12.3% |
| Financial income | 75/76B | €12,289,226 | €426,155 | -€11.9m | -96.5% |
| Recurring financial income | 75 | €12,289,226 | €426,155 | -€11.9m | -96.5% |
| Income from financial fixed assets | 750 | €12,289,226 | €426,155 | -€11.9m | -96.5% |
| Financial charges | 65/66B | €18,086 | €13,609 | -€4,477 | -24.8% |
| Recurring financial charges | 65 | €18,086 | €13,609 | -€4,477 | -24.8% |
| Debt charges | 650 | €17,920 | €13,355 | -€4,564 | -25.5% |
| Other financial charges | 652/9 | €167 | €254 | +€87 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €12,424,898 | €585,176 | -€11.8m | -95.3% |
| Income taxes | 67/77 | €131,042 | €134,074 | +€3,031 | +2.3% |
| Taxes | 670/3 | €131,042 | €134,074 | +€3,031 | +2.3% |
| Profit (loss) for the period | 9904 | €12,293,855 | €451,102 | -€11.8m | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,293,855 | €451,102 | -€11.8m | -96.3% |
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 31 October 2026 via checked.be.