LEM et CO: 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.
LEM et CO
Largest movements
- Tangible fixed assets -€6,512
down €6,512 (-9.0%), from €72,116 to €65,604
of which Land and buildings: -€6,207
- Deferred charges and accrued income -€2,566
down €2,566 (-82.8%), from €3,098 to €532
- Receivables within one year +€2,553
up €2,553 (+46.3%), from €5,512 to €8,065
of which Trade receivables: +€1,404
- Other debts +€20,289
up €20,289 (+16.6%), from €122,131 to €142,420
- Short-term financial debts -€12,806
down €12,806 (-91.3%), from €14,028 to €1,222
- Profit (loss) carried forward -€9,066
down €9,066 (-11.0%), from -€82,107 to -€91,172
- Trade debts -€4,645
down €4,645 (-87.2%), from €5,329 to €685
- Gross operating margin +€15,732
up €15,732, from -€11,317 to €4,415
- Depreciation -€2,830
down €2,830 (-30.3%), from €9,342 to €6,512
- Other operating charges +€1,915
up €1,915 (+53.2%), from €3,598 to €5,513
- Taxes +€292
up €292 (+199%), from €147 to €439
- Financial charges -€256
down €256 (-20.1%), from €1,273 to €1,016
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 | €80,761 | €74,200 | -€6,561 | -8.1% |
| Fixed assets | 21/28 | €72,116 | €65,604 | -€6,512 | -9.0% |
| Tangible fixed assets | 22/27 | €72,116 | €65,604 | -€6,512 | -9.0% |
| Land and buildings | 22 | €71,479 | €65,271 | -€6,207 | -8.7% |
| Other tangible fixed assets | 26 | €637 | €332 | -€305 | -47.8% |
| Current assets | 29/58 | €8,645 | €8,596 | -€48 | -0.6% |
| Amounts receivable within one year | 40/41 | €5,512 | €8,065 | +€2,553 | +46.3% |
| Trade receivables | 40 | - | €1,404 | +€1,404 | |
| Other amounts receivable | 41 | €5,512 | €6,661 | +€1,149 | +20.8% |
| Cash at bank and in hand | 54/58 | €35 | - | -€35 | |
| Deferred charges and accrued income | 490/1 | €3,098 | €532 | -€2,566 | -82.8% |
| Total equity and liabilities | 10/49 | €80,761 | €74,200 | -€6,561 | -8.1% |
| Equity | 10/15 | -€61,647 | -€70,712 | -€9,066 | -14.7% |
| 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 | -€82,107 | -€91,172 | -€9,066 | -11.0% |
| Amounts payable | 17/49 | €142,407 | €144,912 | +€2,505 | +1.8% |
| Amounts payable within one year | 42/48 | €141,635 | €144,912 | +€3,277 | +2.3% |
| Financial debts | 43 | €14,028 | €1,222 | -€12,806 | -91.3% |
| Credit institutions | 430/8 | €14,028 | €1,222 | -€12,806 | -91.3% |
| Trade debts | 44 | €5,329 | €685 | -€4,645 | -87.2% |
| Suppliers | 440/4 | €5,329 | €685 | -€4,645 | -87.2% |
| Taxes, remuneration and social security | 45 | €147 | €586 | +€439 | +299% |
| Taxes | 450/3 | €147 | €586 | +€439 | +299% |
| Other amounts payable | 47/48 | €122,131 | €142,420 | +€20,289 | +16.6% |
| Accrued charges and deferred income | 492/3 | €772 | - | -€772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,342 | €6,512 | -€2,830 | -30.3% |
| Other operating charges | 640/8 | €3,598 | €5,513 | +€1,915 | +53.2% |
| Gross operating margin | 9900 | -€11,317 | €4,415 | +€15,732 | |
| Operating profit (loss) | 9901 | -€24,258 | -€7,611 | +€16,647 | +68.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,273 | €1,016 | -€256 | -20.1% |
| Recurring financial charges | 65 | €1,273 | €1,016 | -€256 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,530 | -€8,627 | +€16,904 | +66.2% |
| Income taxes | 67/77 | €147 | €439 | +€292 | +199% |
| Profit (loss) for the period | 9904 | -€25,677 | -€9,066 | +€16,611 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,677 | -€9,066 | +€16,611 | +64.7% |
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 14 October 2026 via checked.be.