Lema 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.
Lema Construct
Largest movements
- Receivables within one year +€507,214
up €507,214 (+9,543%), from €5,315 to €512,529
of which Trade receivables: +€257,136
- Stocks and contracts -€170,795
down €170,795 (-22.7%), from €751,577 to €580,782
- Cash +€41,567
up €41,567 (+429%), from €9,698 to €51,265
mainly Trade debts (+€389,709) and Other debts (+€285,427)
- Trade debts +€389,709
up €389,709 (+7,127%), from €5,468 to €395,177
- Short-term financial debts -€319,869
down €319,869 (-91.4%), from €350,000 to €30,131
- Other debts +€285,427
up €285,427 (+297%), from €95,993 to €381,420
- Advances received -€69,000
down €69,000 (-100%), from €69,000 to €0
- Profit (loss) carried forward +€43,994
up €43,994, from -€43,994 to €0
- Gross operating margin +€244,044
up €244,044, from -€5,389 to €238,655
- Taxes +€44,570
new in 2025: €44,570
- Financial charges +€5,037
up €5,037 (+45.6%), from €11,053 to €16,090
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 | €766,958 | €1,144,957 | +€377,999 | +49.3% |
| Current assets | 29/58 | €766,958 | €1,144,957 | +€377,999 | +49.3% |
| Stocks and contracts in progress | 3 | €751,577 | €580,782 | -€170,795 | -22.7% |
| Stocks | 30/36 | €751,577 | €580,782 | -€170,795 | -22.7% |
| Amounts receivable within one year | 40/41 | €5,315 | €512,529 | +€507,214 | +9,543% |
| Trade receivables | 40 | €5,315 | €262,451 | +€257,136 | +4,838% |
| Other amounts receivable | 41 | €0 | €250,079 | +€250,079 | |
| Cash at bank and in hand | 54/58 | €9,698 | €51,265 | +€41,567 | +429% |
| Deferred charges and accrued income | 490/1 | €368 | €381 | +€13 | +3.6% |
| Total equity and liabilities | 10/49 | €766,958 | €1,144,957 | +€377,999 | +49.3% |
| Equity | 10/15 | €146,496 | €222,544 | +€76,048 | +51.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €170,490 | €202,544 | +€32,054 | +18.8% |
| Distributable reserves | 133 | €170,490 | €202,544 | +€32,054 | +18.8% |
| Profit (loss) carried forward | 14 | -€43,994 | €0 | +€43,994 | |
| Amounts payable | 17/49 | €620,462 | €922,413 | +€301,951 | +48.7% |
| Amounts payable after more than one year | 17 | €100,000 | €115,000 | +€15,000 | +15.0% |
| Other amounts payable | 178/9 | €100,000 | €115,000 | +€15,000 | +15.0% |
| Amounts payable within one year | 42/48 | €520,462 | €806,729 | +€286,267 | +55.0% |
| Financial debts | 43 | €350,000 | €30,131 | -€319,869 | -91.4% |
| Credit institutions | 430/8 | €350,000 | €30,131 | -€319,869 | -91.4% |
| Trade debts | 44 | €5,468 | €395,177 | +€389,709 | +7,127% |
| Suppliers | 440/4 | €5,468 | €395,177 | +€389,709 | +7,127% |
| Advances received on contracts in progress | 46 | €69,000 | €0 | -€69,000 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €95,993 | €381,420 | +€285,427 | +297% |
| Accrued charges and deferred income | 492/3 | - | €684 | +€684 | |
| Other operating charges | 640/8 | €3,330 | €4,299 | +€968 | +29.1% |
| Gross operating margin | 9900 | -€5,389 | €238,655 | +€244,044 | |
| Operating profit (loss) | 9901 | -€8,719 | €234,357 | +€243,076 | |
| Financial income | 75/76B | €0 | €2,352 | +€2,352 | +23,515,400% |
| Recurring financial income | 75 | €0 | €2,352 | +€2,352 | +23,515,400% |
| Financial charges | 65/66B | €11,053 | €16,090 | +€5,037 | +45.6% |
| Recurring financial charges | 65 | €11,053 | €16,090 | +€5,037 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,773 | €220,618 | +€240,391 | |
| Income taxes | 67/77 | - | €44,570 | +€44,570 | |
| Profit (loss) for the period | 9904 | -€19,773 | €176,048 | +€195,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,773 | €176,048 | +€195,821 |
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 30 October 2026 via checked.be.