LEMAC: 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.
LEMAC
Largest movements
- Receivables within one year +€13,397
up €13,397 (+27.7%), from €48,327 to €61,723
of which Trade receivables: +€20,465
- Tangible fixed assets -€12,696
down €12,696 (-26.7%), from €47,554 to €34,858
of which Furniture and vehicles: -€8,468
- Cash +€4,963
up €4,963 (+3.6%), from €137,375 to €142,338
mainly Other debts (+€15,596) and Depreciation (+€12,696)
- Stocks and contracts +€2,840
up €2,840 (+26.1%), from €10,895 to €13,735
- Other debts +€15,596
up €15,596 (+11,396%), from €137 to €15,733
- Debts after one year -€11,272
down €11,272 (-65.8%), from €17,122 to €5,851
- Tax, wage and social debts -€6,064
down €6,064 (-24.7%), from €24,511 to €18,447
of which Taxes: -€7,739
- Reserves +€5,548
up €5,548 (+3.6%), from €154,252 to €159,800
of which Distributable reserves: +€5,548
- Trade debts +€3,618
up €3,618 (+15.3%), from €23,706 to €27,324
- Staff costs +€18,430
up €18,430 (+15.1%), from €121,938 to €140,368
- Gross operating margin +€13,483
up €13,483 (+7.9%), from €170,904 to €184,388
- Taxes -€8,917
down €8,917 (-75.4%), from €11,822 to €2,905
- Depreciation +€2,030
up €2,030 (+19.0%), from €10,666 to €12,696
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 | €249,050 | €257,026 | +€7,976 | +3.2% |
| Fixed assets | 21/28 | €50,163 | €36,977 | -€13,187 | -26.3% |
| Tangible fixed assets | 22/27 | €47,554 | €34,858 | -€12,696 | -26.7% |
| Plant, machinery and equipment | 23 | €14,205 | €9,978 | -€4,227 | -29.8% |
| Furniture and vehicles | 24 | €33,349 | €24,881 | -€8,468 | -25.4% |
| Financial fixed assets | 28 | €2,610 | €2,118 | -€491 | -18.8% |
| Current assets | 29/58 | €198,887 | €220,049 | +€21,163 | +10.6% |
| Stocks and contracts in progress | 3 | €10,895 | €13,735 | +€2,840 | +26.1% |
| Stocks | 30/36 | €10,895 | €13,735 | +€2,840 | +26.1% |
| Amounts receivable within one year | 40/41 | €48,327 | €61,723 | +€13,397 | +27.7% |
| Trade receivables | 40 | €40,252 | €60,717 | +€20,465 | +50.8% |
| Other amounts receivable | 41 | €8,074 | €1,007 | -€7,068 | -87.5% |
| Cash at bank and in hand | 54/58 | €137,375 | €142,338 | +€4,963 | +3.6% |
| Deferred charges and accrued income | 490/1 | €2,290 | €2,252 | -€38 | -1.6% |
| Total equity and liabilities | 10/49 | €249,050 | €257,026 | +€7,976 | +3.2% |
| Equity | 10/15 | €172,852 | €178,400 | +€5,548 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,252 | €159,800 | +€5,548 | +3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,392 | €157,940 | +€5,548 | +3.6% |
| Amounts payable | 17/49 | €76,198 | €78,626 | +€2,428 | +3.2% |
| Amounts payable after more than one year | 17 | €17,122 | €5,851 | -€11,272 | -65.8% |
| Financial debts | 170/4 | €17,122 | €5,851 | -€11,272 | -65.8% |
| Amounts payable within one year | 42/48 | €59,076 | €72,776 | +€13,700 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €10,722 | €11,272 | +€550 | +5.1% |
| Trade debts | 44 | €23,706 | €27,324 | +€3,618 | +15.3% |
| Suppliers | 440/4 | €23,706 | €27,324 | +€3,618 | +15.3% |
| Taxes, remuneration and social security | 45 | €24,511 | €18,447 | -€6,064 | -24.7% |
| Taxes | 450/3 | €12,320 | €4,581 | -€7,739 | -62.8% |
| Remuneration and social security | 454/9 | €12,192 | €13,866 | +€1,675 | +13.7% |
| Other amounts payable | 47/48 | €137 | €15,733 | +€15,596 | +11,396% |
| Non-recurring operating income | 76A | €964 | - | -€964 | |
| Remuneration, social security and pensions | 62 | €121,938 | €140,368 | +€18,430 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,666 | €12,696 | +€2,030 | +19.0% |
| Other operating charges | 640/8 | €3,153 | €4,642 | +€1,489 | +47.2% |
| Non-recurring operating charges | 66A | - | €16,600 | +€16,600 | |
| Gross operating margin | 9900 | €170,904 | €184,388 | +€13,483 | +7.9% |
| Operating profit (loss) | 9901 | €35,148 | €10,082 | -€25,065 | -71.3% |
| Financial income | 75/76B | €128 | €186 | +€58 | +44.9% |
| Recurring financial income | 75 | €128 | €186 | +€58 | +44.9% |
| Financial charges | 65/66B | €1,811 | €1,815 | +€4 | +0.2% |
| Recurring financial charges | 65 | €1,811 | €1,815 | +€4 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €33,465 | €8,453 | -€25,012 | -74.7% |
| Income taxes | 67/77 | €11,822 | €2,905 | -€8,917 | -75.4% |
| Profit (loss) for the period | 9904 | €21,643 | €5,548 | -€16,095 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,643 | €5,548 | -€16,095 | -74.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.