LEMADIS: 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.
LEMADIS
Largest movements
- Cash +€58,365
up €58,365 (+121.5%), from €48,039 to €106,404
mainly Trade debts (+€58,020) and Other debts (+€56,785)
- Receivables within one year -€41,567
down €41,567 (-17.0%), from €244,501 to €202,934
of which Trade receivables: -€41,168
- Stocks and contracts -€35,478
down €35,478 (-12.2%), from €290,353 to €254,875
- Tangible fixed assets -€35,279
down €35,279 (-14.7%), from €239,236 to €203,957
of which Furniture and vehicles: -€26,066
- Profit (loss) carried forward -€92,909
no longer reported in 2025 (was €92,909)
- Trade debts +€58,020
up €58,020 (+15.0%), from €387,544 to €445,564
- Other debts +€56,785
new in 2025: €56,785
- Debts after one year -€34,998
down €34,998 (-25.8%), from €135,875 to €100,877
- Tax, wage and social debts -€30,145
down €30,145 (-41.2%), from €73,211 to €43,066
of which Taxes: -€30,313
- Gross operating margin -€134,131
down €134,131 (-23.0%), from €582,010 to €447,879
- Staff costs +€48,383
up €48,383 (+12.0%), from €404,616 to €452,999
- Taxes -€29,911
down €29,911 (-98.2%), from €30,462 to €551
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 | €847,369 | €791,706 | -€55,663 | -6.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €239,486 | €204,207 | -€35,279 | -14.7% |
| Tangible fixed assets | 22/27 | €239,236 | €203,957 | -€35,279 | -14.7% |
| Plant, machinery and equipment | 23 | €162,772 | €153,559 | -€9,213 | -5.7% |
| Furniture and vehicles | 24 | €76,464 | €50,398 | -€26,066 | -34.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €607,883 | €587,499 | -€20,384 | -3.4% |
| Stocks and contracts in progress | 3 | €290,353 | €254,875 | -€35,478 | -12.2% |
| Stocks | 30/36 | €290,353 | €254,875 | -€35,478 | -12.2% |
| Amounts receivable within one year | 40/41 | €244,501 | €202,934 | -€41,567 | -17.0% |
| Trade receivables | 40 | €62,602 | €21,434 | -€41,168 | -65.8% |
| Other amounts receivable | 41 | €181,899 | €181,500 | -€399 | -0.2% |
| Cash at bank and in hand | 54/58 | €48,039 | €106,404 | +€58,365 | +121.5% |
| Deferred charges and accrued income | 490/1 | €24,990 | €23,286 | -€1,704 | -6.8% |
| Total equity and liabilities | 10/49 | €847,369 | €791,706 | -€55,663 | -6.6% |
| Equity | 10/15 | €180,530 | €85,951 | -€94,579 | -52.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €67,621 | €65,951 | -€1,670 | -2.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €65,621 | €63,951 | -€1,670 | -2.5% |
| Profit (loss) carried forward | 14 | €92,909 | - | -€92,909 | |
| Amounts payable | 17/49 | €666,839 | €705,755 | +€38,916 | +5.8% |
| Amounts payable after more than one year | 17 | €135,875 | €100,877 | -€34,998 | -25.8% |
| Financial debts | 170/4 | €135,875 | €100,877 | -€34,998 | -25.8% |
| Amounts payable within one year | 42/48 | €508,254 | €592,914 | +€84,660 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €47,499 | €47,499 | -€0 | 0.0% |
| Trade debts | 44 | €387,544 | €445,564 | +€58,020 | +15.0% |
| Suppliers | 440/4 | €387,544 | €445,564 | +€58,020 | +15.0% |
| Taxes, remuneration and social security | 45 | €73,211 | €43,066 | -€30,145 | -41.2% |
| Taxes | 450/3 | €30,762 | €449 | -€30,313 | -98.5% |
| Remuneration and social security | 454/9 | €42,449 | €42,617 | +€168 | +0.4% |
| Other amounts payable | 47/48 | - | €56,785 | +€56,785 | |
| Accrued charges and deferred income | 492/3 | €22,710 | €11,964 | -€10,746 | -47.3% |
| Remuneration, social security and pensions | 62 | €404,616 | €452,999 | +€48,383 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,421 | €55,849 | +€5,428 | +10.8% |
| Other operating charges | 640/8 | €13,976 | €14,907 | +€931 | +6.7% |
| Gross operating margin | 9900 | €582,010 | €447,879 | -€134,131 | -23.0% |
| Operating profit (loss) | 9901 | €112,997 | -€75,877 | -€188,874 | |
| Financial income | 75/76B | €2,519 | €875 | -€1,644 | -65.3% |
| Recurring financial income | 75 | €2,519 | €875 | -€1,644 | -65.3% |
| Financial charges | 65/66B | €18,443 | €19,026 | +€583 | +3.2% |
| Recurring financial charges | 65 | €18,443 | €19,026 | +€583 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €97,073 | -€94,028 | -€191,101 | |
| Income taxes | 67/77 | €30,462 | €551 | -€29,911 | -98.2% |
| Profit (loss) for the period | 9904 | €66,611 | -€94,579 | -€161,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,611 | -€94,579 | -€161,190 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.