Lemafin: 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.
Lemafin
Largest movements
- Current investments -€210,000
down €210,000 (-100.0%), from €210,000 to €0
- Tangible fixed assets +€54,979
up €54,979 (+387.4%), from €14,193 to €69,172
of which Furniture and vehicles: +€53,999
- Receivables after one year +€39,125
new in 2025: €39,125
- Cash -€23,750
down €23,750 (-47.4%), from €50,152 to €26,401
mainly Contributions, distributions and other (-€230,000) and Investment in fixed assets (net) (-€57,399)
- Deferred charges and accrued income +€4,753
up €4,753 (+1457.2%), from €326 to €5,079
- Reserves -€146,913
down €146,913 (-63.1%), from €232,975 to €86,062
- Debts after one year +€29,539
up €29,539 (+146.6%), from €20,154 to €49,693
of which Financial debts: +€21,475
- Tax, wage and social debts -€27,264
down €27,264 (-72.8%), from €37,454 to €10,190
of which Taxes: -€27,314
- Current portion of long-term debt +€13,071
new in 2025: €13,071
- Gross operating margin -€12,445
down €12,445 (-10.8%), from €115,501 to €103,056
- Financial income +€3,082
up €3,082 (+59.8%), from €5,151 to €8,233
- Taxes -€2,343
down €2,343 (-9.1%), from €25,626 to €23,283
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 | €296,451 | €165,335 | -€131,116 | -44.2% |
| Fixed assets | 21/28 | €14,193 | €69,172 | +€54,979 | +387.4% |
| Tangible fixed assets | 22/27 | €14,193 | €69,172 | +€54,979 | +387.4% |
| Plant, machinery and equipment | 23 | €14,074 | €15,054 | +€979 | +7.0% |
| Furniture and vehicles | 24 | €119 | €54,118 | +€53,999 | +45557.4% |
| Current assets | 29/58 | €282,258 | €96,164 | -€186,094 | -65.9% |
| Amounts receivable after more than one year | 29 | - | €39,125 | +€39,125 | |
| Other amounts receivable | 291 | - | €39,125 | +€39,125 | |
| Amounts receivable within one year | 40/41 | €21,780 | €25,558 | +€3,778 | +17.3% |
| Trade receivables | 40 | €21,780 | €25,558 | +€3,778 | +17.3% |
| Current investments | 50/53 | €210,000 | €0 | -€210,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €50,152 | €26,401 | -€23,750 | -47.4% |
| Deferred charges and accrued income | 490/1 | €326 | €5,079 | +€4,753 | +1457.2% |
| Total equity and liabilities | 10/49 | €296,451 | €165,335 | -€131,116 | -44.2% |
| Equity | 10/15 | €233,975 | €87,062 | -€146,913 | -62.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €232,975 | €86,062 | -€146,913 | -63.1% |
| Distributable reserves | 133 | €232,975 | €86,062 | -€146,913 | -63.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €62,476 | €78,273 | +€15,797 | +25.3% |
| Amounts payable after more than one year | 17 | €20,154 | €49,693 | +€29,539 | +146.6% |
| Financial debts | 170/4 | €20,154 | €41,629 | +€21,475 | +106.6% |
| Other amounts payable | 178/9 | - | €8,064 | +€8,064 | |
| Amounts payable within one year | 42/48 | €40,801 | €26,809 | -€13,992 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,071 | +€13,071 | |
| Trade debts | 44 | €2,514 | €3,548 | +€1,034 | +41.1% |
| Suppliers | 440/4 | €2,514 | €3,548 | +€1,034 | +41.1% |
| Taxes, remuneration and social security | 45 | €37,454 | €10,190 | -€27,264 | -72.8% |
| Taxes | 450/3 | €35,229 | €7,915 | -€27,314 | -77.5% |
| Remuneration and social security | 454/9 | €2,225 | €2,275 | +€50 | +2.2% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,521 | €1,771 | +€250 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €2,420 | +€962 | +65.9% |
| Other operating charges | 640/8 | €344 | €592 | +€247 | +71.8% |
| Gross operating margin | 9900 | €115,501 | €103,056 | -€12,445 | -10.8% |
| Operating profit (loss) | 9901 | €113,698 | €100,044 | -€13,654 | -12.0% |
| Financial income | 75/76B | €5,151 | €8,233 | +€3,082 | +59.8% |
| Recurring financial income | 75 | €5,151 | €8,233 | +€3,082 | +59.8% |
| Financial charges | 65/66B | €1,291 | €1,906 | +€616 | +47.7% |
| Recurring financial charges | 65 | €1,291 | €1,906 | +€616 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €117,559 | €106,371 | -€11,188 | -9.5% |
| Income taxes | 67/77 | €25,626 | €23,283 | -€2,343 | -9.1% |
| Profit (loss) for the period | 9904 | €91,933 | €83,087 | -€8,845 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,933 | €83,087 | -€8,845 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.