LEM-ON 2: 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.
LEM-ON 2
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€71,737
up €71,737 (+42.0%), from €170,714 to €242,452
mainly Current investments (+€100,000) and Net result for the year (+€39,680)
- Tangible fixed assets +€12,290
up €12,290 (+9.4%), from €130,235 to €142,524
of which Furniture and vehicles: +€9,433
- Other debts -€61,927
down €61,927 (-19.7%), from €313,717 to €251,789
- Profit (loss) carried forward +€42,228
up €42,228, from -€3,060 to €39,168
- Debts after one year +€19,487
up €19,487 (+29.1%), from €67,044 to €86,531
of which Financial debts: +€15,597
- Current portion of long-term debt -€16,461
down €16,461 (-71.4%), from €23,044 to €6,583
- Trade debts +€10,348
up €10,348 (+102.9%), from €10,053 to €20,401
- Gross operating margin +€41,541
up €41,541 (+24.5%), from €169,721 to €211,262
- Staff costs +€11,410
up €11,410 (+8.6%), from €131,989 to €143,400
- Write-downs -€6,571
down €6,571 (-100.0%), from €6,571 to €0
- Depreciation +€2,796
up €2,796 (+12.4%), from €22,578 to €25,374
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 | €475,571 | €467,075 | -€8,496 | -1.8% |
| Fixed assets | 21/28 | €130,235 | €142,524 | +€12,290 | +9.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €130,235 | €142,524 | +€12,290 | +9.4% |
| Furniture and vehicles | 24 | €114,087 | €123,520 | +€9,433 | +8.3% |
| Other tangible fixed assets | 26 | €16,148 | €19,004 | +€2,857 | +17.7% |
| Current assets | 29/58 | €345,336 | €324,550 | -€20,786 | -6.0% |
| Amounts receivable within one year | 40/41 | €71,950 | €75,109 | +€3,159 | +4.4% |
| Trade receivables | 40 | €71,167 | €74,763 | +€3,596 | +5.1% |
| Other amounts receivable | 41 | €783 | €346 | -€437 | -55.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €170,714 | €242,452 | +€71,737 | +42.0% |
| Deferred charges and accrued income | 490/1 | €2,672 | €6,989 | +€4,317 | +161.6% |
| Total equity and liabilities | 10/49 | €475,571 | €467,075 | -€8,496 | -1.8% |
| Equity | 10/15 | €33,144 | €72,824 | +€39,680 | +119.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,604 | €15,056 | -€2,548 | -14.5% |
| Tax-exempt reserves | 132 | €17,604 | €15,056 | -€2,548 | -14.5% |
| Profit (loss) carried forward | 14 | -€3,060 | €39,168 | +€42,228 | |
| Provisions and deferred taxes | 16 | €5,868 | €5,019 | -€849 | -14.5% |
| Deferred taxes | 168 | €5,868 | €5,019 | -€849 | -14.5% |
| Amounts payable | 17/49 | €436,559 | €389,233 | -€47,326 | -10.8% |
| Amounts payable after more than one year | 17 | €67,044 | €86,531 | +€19,487 | +29.1% |
| Financial debts | 170/4 | €0 | €15,597 | +€15,597 | |
| Other amounts payable | 178/9 | €67,044 | €70,934 | +€3,890 | +5.8% |
| Amounts payable within one year | 42/48 | €368,702 | €302,702 | -€66,000 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €23,044 | €6,583 | -€16,461 | -71.4% |
| Trade debts | 44 | €10,053 | €20,401 | +€10,348 | +102.9% |
| Suppliers | 440/4 | €10,053 | €20,401 | +€10,348 | +102.9% |
| Taxes, remuneration and social security | 45 | €21,888 | €23,929 | +€2,040 | +9.3% |
| Taxes | 450/3 | €3,889 | €4,218 | +€328 | +8.4% |
| Remuneration and social security | 454/9 | €17,999 | €19,711 | +€1,712 | +9.5% |
| Other amounts payable | 47/48 | €313,717 | €251,789 | -€61,927 | -19.7% |
| Accrued charges and deferred income | 492/3 | €812 | €0 | -€812 | -100.0% |
| Remuneration, social security and pensions | 62 | €131,989 | €143,400 | +€11,410 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,578 | €25,374 | +€2,796 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,571 | €0 | -€6,571 | -100.0% |
| Other operating charges | 640/8 | €412 | €748 | +€336 | +81.4% |
| Gross operating margin | 9900 | €169,721 | €211,262 | +€41,541 | +24.5% |
| Operating profit (loss) | 9901 | €8,170 | €41,740 | +€33,570 | +410.9% |
| Financial income | 75/76B | €2,637 | €1,584 | -€1,053 | -39.9% |
| Recurring financial income | 75 | €2,637 | €1,584 | -€1,053 | -39.9% |
| Financial charges | 65/66B | €6,112 | €4,365 | -€1,747 | -28.6% |
| Recurring financial charges | 65 | €6,112 | €4,365 | -€1,747 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €4,695 | €38,959 | +€34,264 | +729.8% |
| Transfer from deferred taxes | 780 | €1,039 | €849 | -€189 | -18.2% |
| Income taxes | 67/77 | - | €129 | +€129 | |
| Profit (loss) for the period | 9904 | €5,734 | €39,680 | +€33,946 | +592.0% |
| Transfer from tax-exempt reserves | 789 | €3,116 | €2,548 | -€568 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,850 | €42,228 | +€33,378 | +377.2% |
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 8 October 2026 via checked.be.