LEHMON: what changed
Two fiscal 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.
LEHMON
Largest movements
- Cash +€14,639
up €14,639 (+393.4%), from €3,722 to €18,361
mainly Other debts (+€5,773) and Tax, wage and social debts (+€5,101)
- Stocks and contracts -€3,333
down €3,333 (-62.7%), from €5,314 to €1,981
- Financial fixed assets +€1,950
new in 2025: €1,950
- Receivables within one year +€1,479
new in 2025: €1,479
of which Trade receivables: +€1,306
- Tangible fixed assets -€384
down €384 (-45.8%), from €839 to €455
- Other debts +€5,773
up €5,773 (+4502.9%), from €128 to €5,901
- Tax, wage and social debts +€5,101
up €5,101 (+619.9%), from €823 to €5,924
- Reserves +€2,041
new in 2025: €2,041
- Profit (loss) carried forward +€1,667
no longer reported in 2025 (was -€1,667)
- Gross operating margin +€6,389
up €6,389, from -€1,250 to €5,139
- Taxes +€714
new in 2025: €714
- Other operating charges +€233
new in 2025: €233
- Depreciation +€71
up €71 (+22.8%), from €313 to €384
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 | €9,917 | €24,280 | +€14,363 | +144.8% |
| Fixed assets | 21/28 | €839 | €2,405 | +€1,566 | +186.6% |
| Tangible fixed assets | 22/27 | €839 | €455 | -€384 | -45.8% |
| Plant, machinery and equipment | 23 | €839 | €455 | -€384 | -45.8% |
| Financial fixed assets | 28 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €9,078 | €21,875 | +€12,797 | +141.0% |
| Stocks and contracts in progress | 3 | €5,314 | €1,981 | -€3,333 | -62.7% |
| Stocks | 30/36 | €5,314 | €1,981 | -€3,333 | -62.7% |
| Amounts receivable within one year | 40/41 | - | €1,479 | +€1,479 | |
| Trade receivables | 40 | - | €1,306 | +€1,306 | |
| Other amounts receivable | 41 | - | €173 | +€173 | |
| Cash at bank and in hand | 54/58 | €3,722 | €18,361 | +€14,639 | +393.4% |
| Deferred charges and accrued income | 490/1 | €42 | €54 | +€12 | +27.9% |
| Total equity and liabilities | 10/49 | €9,917 | €24,280 | +€14,363 | +144.8% |
| Equity | 10/15 | €8,333 | €12,041 | +€3,708 | +44.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €2,041 | +€2,041 | |
| Distributable reserves | 133 | - | €2,041 | +€2,041 | |
| Profit (loss) carried forward | 14 | -€1,667 | - | +€1,667 | |
| Amounts payable | 17/49 | €1,585 | €12,240 | +€10,655 | +672.5% |
| Amounts payable within one year | 42/48 | €1,585 | €12,240 | +€10,655 | +672.5% |
| Trade debts | 44 | €633 | €414 | -€219 | -34.6% |
| Suppliers | 440/4 | €633 | €414 | -€219 | -34.6% |
| Taxes, remuneration and social security | 45 | €823 | €5,924 | +€5,101 | +619.9% |
| Taxes | 450/3 | €823 | €5,924 | +€5,101 | +619.9% |
| Other amounts payable | 47/48 | €128 | €5,901 | +€5,773 | +4502.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €384 | +€71 | +22.8% |
| Other operating charges | 640/8 | - | €233 | +€233 | |
| Gross operating margin | 9900 | -€1,250 | €5,139 | +€6,389 | |
| Operating profit (loss) | 9901 | -€1,563 | €4,522 | +€6,085 | |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €105 | €139 | +€34 | +32.4% |
| Recurring financial charges | 65 | €105 | €139 | +€34 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,667 | €4,422 | +€6,089 | |
| Income taxes | 67/77 | - | €714 | +€714 | |
| Profit (loss) for the period | 9904 | -€1,667 | €3,708 | +€5,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,667 | €3,708 | +€5,376 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.