LeMa05: 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.
LeMa05
Largest movements
- Cash +€29,530
up €29,530 (+98.3%), from €30,037 to €59,567
mainly Depreciation (+€15,149) and Stocks and contracts (+€11,692)
- Tangible fixed assets -€16,651
down €16,651 (-32.1%), from €51,932 to €35,282
of which Furniture and vehicles: -€15,149
- Stocks and contracts -€11,692
no longer reported in 2025 (was €11,692)
- Deferred charges and accrued income +€4,217
new in 2025: €4,217
- Debts after one year -€9,804
down €9,804 (-24.4%), from €40,147 to €30,343
- Other debts +€9,520
up €9,520 (+71.0%), from €13,415 to €22,935
- Reserves +€6,685
up €6,685 (+83.6%), from €8,000 to €14,685
- Current portion of long-term debt -€1,320
down €1,320 (-10.1%), from €13,127 to €11,807
- Gross operating margin +€8,779
up €8,779 (+34.8%), from €25,237 to €34,017
- Depreciation +€4,734
up €4,734 (+45.5%), from €10,415 to €15,149
- Financial charges +€2,961
up €2,961 (+944.2%), from €314 to €3,274
- Other operating charges +€1,692
up €1,692 (+508.0%), from €333 to €2,025
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 | €97,663 | €103,460 | +€5,797 | +5.9% |
| Fixed assets | 21/28 | €51,932 | €35,282 | -€16,651 | -32.1% |
| Tangible fixed assets | 22/27 | €51,932 | €35,282 | -€16,651 | -32.1% |
| Plant, machinery and equipment | 23 | €1,501 | - | -€1,501 | |
| Furniture and vehicles | 24 | €50,431 | €35,282 | -€15,149 | -30.0% |
| Current assets | 29/58 | €45,731 | €68,179 | +€22,448 | +49.1% |
| Stocks and contracts in progress | 3 | €11,692 | - | -€11,692 | |
| Stocks | 30/36 | €11,692 | - | -€11,692 | |
| Amounts receivable within one year | 40/41 | €4,002 | €4,394 | +€393 | +9.8% |
| Trade receivables | 40 | €4,002 | €4,394 | +€393 | +9.8% |
| Cash at bank and in hand | 54/58 | €30,037 | €59,567 | +€29,530 | +98.3% |
| Deferred charges and accrued income | 490/1 | - | €4,217 | +€4,217 | |
| Total equity and liabilities | 10/49 | €97,663 | €103,460 | +€5,797 | +5.9% |
| Equity | 10/15 | €9,719 | €16,404 | +€6,685 | +68.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €14,685 | +€6,685 | +83.6% |
| Distributable reserves | 133 | €8,000 | €14,685 | +€6,685 | +83.6% |
| Profit (loss) carried forward | 14 | €719 | €719 | = | 0.0% |
| Amounts payable | 17/49 | €87,944 | €87,057 | -€888 | -1.0% |
| Amounts payable after more than one year | 17 | €40,147 | €30,343 | -€9,804 | -24.4% |
| Financial debts | 170/4 | €40,147 | €30,343 | -€9,804 | -24.4% |
| Amounts payable within one year | 42/48 | €47,797 | €56,713 | +€8,916 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €13,127 | €11,807 | -€1,320 | -10.1% |
| Trade debts | 44 | €3,839 | €4,136 | +€297 | +7.7% |
| Suppliers | 440/4 | €3,839 | €4,136 | +€297 | +7.7% |
| Advances received on contracts in progress | 46 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €17,366 | €17,836 | +€470 | +2.7% |
| Taxes | 450/3 | €17,366 | €17,836 | +€470 | +2.7% |
| Other amounts payable | 47/48 | €13,415 | €22,935 | +€9,520 | +71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,415 | €15,149 | +€4,734 | +45.5% |
| Other operating charges | 640/8 | €333 | €2,025 | +€1,692 | +508.0% |
| Non-recurring operating charges | 66A | - | €1,501 | +€1,501 | |
| Gross operating margin | 9900 | €25,237 | €34,017 | +€8,779 | +34.8% |
| Operating profit (loss) | 9901 | €14,489 | €15,341 | +€852 | +5.9% |
| Financial income | 75/76B | €141 | €239 | +€98 | +69.6% |
| Recurring financial income | 75 | €141 | €189 | +€48 | +34.1% |
| Non-recurring financial income | 76B | - | €50 | +€50 | |
| Financial charges | 65/66B | €314 | €3,274 | +€2,961 | +944.2% |
| Recurring financial charges | 65 | €314 | €3,274 | +€2,961 | +944.2% |
| Profit (loss) for the period before taxes | 9903 | €14,316 | €12,306 | -€2,011 | -14.0% |
| Income taxes | 67/77 | €5,597 | €5,621 | +€24 | +0.4% |
| Profit (loss) for the period | 9904 | €8,719 | €6,685 | -€2,035 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,719 | €6,685 | -€2,035 | -23.3% |
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.