LEMACHE: 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.
LEMACHE
Largest movements
- Current investments +€700,000
up €700,000, from €0 to €700,000
- Cash -€381,398
down €381,398 (-24.5%), from €1.6m to €1.2m
mainly Current investments (-€700,000) and Receivables within one year (-€52,241)
- Receivables within one year +€52,241
up €52,241 (+269.6%), from €19,379 to €71,620
of which Other amounts receivable: +€29,255
- Tangible fixed assets -€31,160
down €31,160 (-38.4%), from €81,168 to €50,008
of which Furniture and vehicles: -€27,216
- Reserves +€278,865
up €278,865 (+23.3%), from €1.2m to €1.5m
of which Distributable reserves: +€278,865
- Tax, wage and social debts +€61,436
up €61,436 (+126.6%), from €48,545 to €109,982
- Gross operating margin +€134,255
up €134,255 (+33.0%), from €407,031 to €541,286
- Taxes +€35,763
up €35,763 (+41.4%), from €86,480 to €122,244
- Staff costs -€16,344
down €16,344 (-12.0%), from €135,660 to €119,315
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 | €1,727,801 | €2,075,433 | +€347,633 | +20.1% |
| Fixed assets | 21/28 | €81,168 | €50,008 | -€31,160 | -38.4% |
| Tangible fixed assets | 22/27 | €81,168 | €50,008 | -€31,160 | -38.4% |
| Plant, machinery and equipment | 23 | €25,178 | €21,808 | -€3,370 | -13.4% |
| Furniture and vehicles | 24 | €52,503 | €25,287 | -€27,216 | -51.8% |
| Other tangible fixed assets | 26 | €3,486 | €2,913 | -€573 | -16.4% |
| Current assets | 29/58 | €1,646,633 | €2,025,425 | +€378,792 | +23.0% |
| Amounts receivable after more than one year | 29 | €71,216 | €71,216 | = | 0.0% |
| Other amounts receivable | 291 | €71,216 | €71,216 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,379 | €71,620 | +€52,241 | +269.6% |
| Trade receivables | 40 | €16,833 | €39,818 | +€22,985 | +136.6% |
| Other amounts receivable | 41 | €2,546 | €31,802 | +€29,255 | +1148.9% |
| Current investments | 50/53 | €0 | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €1,554,880 | €1,173,482 | -€381,398 | -24.5% |
| Deferred charges and accrued income | 490/1 | €1,158 | €9,108 | +€7,950 | +686.8% |
| Total equity and liabilities | 10/49 | €1,727,801 | €2,075,433 | +€347,633 | +20.1% |
| Equity | 10/15 | €1,211,612 | €1,490,477 | +€278,865 | +23.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,199,212 | €1,478,077 | +€278,865 | +23.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €1,199,212 | €1,478,077 | +€278,865 | +23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €516,188 | €584,956 | +€68,768 | +13.3% |
| Amounts payable within one year | 42/48 | €516,188 | €584,956 | +€68,768 | +13.3% |
| Trade debts | 44 | €19,663 | €25,995 | +€6,331 | +32.2% |
| Suppliers | 440/4 | €19,663 | €25,995 | +€6,331 | +32.2% |
| Taxes, remuneration and social security | 45 | €48,545 | €109,982 | +€61,436 | +126.6% |
| Taxes | 450/3 | €48,545 | €109,982 | +€61,436 | +126.6% |
| Other amounts payable | 47/48 | €447,980 | €448,980 | +€1,000 | +0.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €135,660 | €119,315 | -€16,344 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,946 | €33,049 | +€103 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,694 | €2,148 | -€546 | -20.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €407,031 | €541,286 | +€134,255 | +33.0% |
| Operating profit (loss) | 9901 | €235,731 | €386,773 | +€151,042 | +64.1% |
| Financial income | 75/76B | €11,297 | €14,898 | +€3,601 | +31.9% |
| Recurring financial income | 75 | €11,297 | €14,898 | +€3,601 | +31.9% |
| Financial charges | 65/66B | €868 | €562 | -€306 | -35.2% |
| Recurring financial charges | 65 | €868 | €562 | -€306 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €246,160 | €401,109 | +€154,949 | +62.9% |
| Income taxes | 67/77 | €86,480 | €122,244 | +€35,763 | +41.4% |
| Profit (loss) for the period | 9904 | €159,679 | €278,865 | +€119,186 | +74.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €159,679 | €278,865 | +€119,186 | +74.6% |
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 2 October 2026 via checked.be.