LEMA PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€8,850
down €8,850 (-53.5%), from €16,530 to €7,680
of which Furniture and vehicles: -€10,034
- Cash +€5,057
up €5,057 (+419%), from €1,208 to €6,265
mainly Depreciation (+€10,859) and Receivables within one year (+€1,856)
- Receivables within one year -€1,856
down €1,856 (-32.1%), from €5,777 to €3,921
of which Trade receivables: -€2,300
- Current investments -€807
down €807 (-1.6%), from €50,835 to €50,028
- Reserves -€7,315
down €7,315 (-12.5%), from €58,744 to €51,429
- Other debts +€753
up €753 (+47.3%), from €1,593 to €2,346
- Turnover -€10,325
down €10,325 (-34.7%), from €29,725 to €19,400
- Gross operating margin -€9,127
down €9,127 (-77.2%), from €11,829 to €2,702
- Taxes -€3,851
down €3,851, from €1,963 to -€1,888
- Purchases and services -€1,158
down €1,158 (-5.9%), from €19,696 to €18,538
- Depreciation -€949
down €949 (-8.0%), from €11,808 to €10,859
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 | €74,350 | €67,894 | -€6,456 | -8.7% |
| Fixed assets | 21/28 | €16,530 | €7,680 | -€8,850 | -53.5% |
| Tangible fixed assets | 22/27 | €16,530 | €7,680 | -€8,850 | -53.5% |
| Land and buildings | 22 | €2,820 | €2,129 | -€691 | -24.5% |
| Plant, machinery and equipment | 23 | - | €1,875 | +€1,875 | |
| Furniture and vehicles | 24 | €13,710 | €3,676 | -€10,034 | -73.2% |
| Current assets | 29/58 | €57,820 | €60,214 | +€2,394 | +4.1% |
| Amounts receivable within one year | 40/41 | €5,777 | €3,921 | -€1,856 | -32.1% |
| Trade receivables | 40 | €4,000 | €1,700 | -€2,300 | -57.5% |
| Other amounts receivable | 41 | €1,777 | €2,221 | +€444 | +25.0% |
| Current investments | 50/53 | €50,835 | €50,028 | -€807 | -1.6% |
| Cash at bank and in hand | 54/58 | €1,208 | €6,265 | +€5,057 | +419% |
| Total equity and liabilities | 10/49 | €74,350 | €67,894 | -€6,456 | -8.7% |
| Equity | 10/15 | €72,444 | €65,129 | -€7,315 | -10.1% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €58,744 | €51,429 | -€7,315 | -12.5% |
| Distributable reserves | 133 | €58,744 | €51,429 | -€7,315 | -12.5% |
| Amounts payable | 17/49 | €1,906 | €2,765 | +€859 | +45.1% |
| Amounts payable within one year | 42/48 | €1,906 | €2,765 | +€859 | +45.1% |
| Trade debts | 44 | - | €412 | +€412 | |
| Suppliers | 440/4 | - | €412 | +€412 | |
| Taxes, remuneration and social security | 45 | €313 | €7 | -€306 | -97.8% |
| Taxes | 450/3 | €313 | €7 | -€306 | -97.8% |
| Other amounts payable | 47/48 | €1,593 | €2,346 | +€753 | +47.3% |
| Turnover | 70 | €29,725 | €19,400 | -€10,325 | -34.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,696 | €18,538 | -€1,158 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,808 | €10,859 | -€949 | -8.0% |
| Other operating charges | 640/8 | €1,110 | €1,137 | +€27 | +2.4% |
| Gross operating margin | 9900 | €11,829 | €2,702 | -€9,127 | -77.2% |
| Operating profit (loss) | 9901 | -€1,089 | -€9,294 | -€8,205 | -753% |
| Financial income | 75/76B | €190 | €243 | +€53 | +27.9% |
| Recurring financial income | 75 | €190 | €243 | +€53 | +27.9% |
| Financial charges | 65/66B | €144 | €152 | +€8 | +5.6% |
| Recurring financial charges | 65 | €144 | €152 | +€8 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,043 | -€9,203 | -€8,160 | -782% |
| Income taxes | 67/77 | €1,963 | -€1,888 | -€3,851 | |
| Profit (loss) for the period | 9904 | -€3,006 | -€7,315 | -€4,309 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,006 | -€7,315 | -€4,309 | -143% |
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 15 October 2026 via checked.be.