LEMAHIEU GROUP: what changed
What changed
LEMAHIEU GROUP
NACE 46.832, Wholesale of timber
filed annual accounts (NBB)
Net result for the year
-€486,456
2024 · -€1.9m+€1.4m
Equity
€20.6m
2024 · €21.1m-€486,456
Cash
€250,529
2024 · €1.1m-€840,358
Balance sheet total
€64.7m
2024 · €67.8m-€3.1m
Largest movements
Assets
- Stocks and contracts -€3.2m
down €3.2m (-9.1%), from €35.7m to €32.5m
of which Stocks: -€3.2m
- Tangible fixed assets -€1.3m
down €1.3m (-13.0%), from €9.9m to €8.6m
- Financial fixed assets +€984,747
up €984,747 (+20.1%), from €4.9m to €5.9m
of which Affiliated companies: +€984,747
- Cash -€840,358
down €840,358 (-77.0%), from €1.1m to €250,529
mainly Short-term financial debts (-€4.9m) and Investment in fixed assets (net) (-€2.3m)
- Receivables within one year +€745,678
up €745,678 (+5.0%), from €14.9m to €15.7m
of which Trade receivables: +€796,642
Equity and liabilities
- Short-term financial debts -€4.9m
down €4.9m (-26.5%), from €18.6m to €13.7m
- Other debts +€1.1m
up €1.1m (+210%), from €501,000 to €1.6m
Income statement
- Turnover +€11.6m
up €11.6m (+12.9%), from €90.0m to €101.6m
- Goods and materials +€9.4m
up €9.4m (+12.4%), from €75.9m to €85.3m
of which Change in stocks: decrease (increase): +€7.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.9m
Turnover
+€11.6m
Other operating income
+€161,211
Goods and materials
-€9.4m
Services and other goods
+€129,517
Staff costs
+€208,117
Depreciation
-€177,283
Write-downs
-€123,938
Other operating charges
+€394,374
Other operating items
-€983,907
Financial income
+€190,873
Financial charges
-€597,370
Taxes
-€509
Result 2025
-€486,456
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.8m
Investment
-€2.3m
Financing
-€4.4m
Cash 2024
€1.1m
From operations (derived)
+€5.8m
Net result for the year
-€486,456
Depreciation
+€2.1m
Stocks and contracts
+€3.2m
Receivables within one year
-€745,678
Deferred charges and accrued income
+€9,413
Trade debts
-€12,727
Tax, wage and social debts
+€394,137
Other debts
+€1.1m
Accrued charges and deferred income
+€313,693
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
-€4.4m
Debts after one year
+€547,598
Current portion of long-term debt
-€8,036
Short-term financial debts
-€4.9m
Cash 2025
€250,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,802,790 | €64,669,744 | -€3.1m | -4.6% |
| Formation expenses | 20 | - | €376,601 | +€376,601 | |
| Fixed assets | 21/28 | €15,747,167 | €15,574,063 | -€173,104 | -1.1% |
| Intangible fixed assets | 21 | €981,018 | €1,108,885 | +€127,866 | +13.0% |
| Tangible fixed assets | 22/27 | €9,856,025 | €8,570,307 | -€1.3m | -13.0% |
| Land and buildings | 22 | €4,171,306 | €3,659,360 | -€511,946 | -12.3% |
| Plant, machinery and equipment | 23 | €2,662,710 | €2,228,741 | -€433,969 | -16.3% |
| Furniture and vehicles | 24 | €416,357 | €189,237 | -€227,121 | -54.5% |
| Leasing and similar rights | 25 | €2,581,651 | €2,489,175 | -€92,476 | -3.6% |
| Assets under construction and advance payments | 27 | €24,000 | €3,795 | -€20,205 | -84.2% |
| Financial fixed assets | 28 | €4,910,124 | €5,894,871 | +€984,747 | +20.1% |
| Affiliated companies | 280/1 | €4,050,000 | €5,034,747 | +€984,747 | +24.3% |
| Participating interests | 280 | €4,050,000 | €4,050,000 | = | 0.0% |
| Amounts receivable | 281 | - | €984,747 | +€984,747 | |
| Companies linked by participating interests | 282/3 | €850,000 | €850,000 | = | 0.0% |
| Participating interests | 282 | €850,000 | €850,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,124 | €10,124 | = | 0.0% |
| Shares | 284 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €52,055,623 | €48,719,079 | -€3.3m | -6.4% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €35,714,705 | €32,482,253 | -€3.2m | -9.1% |
| Stocks | 30/36 | €35,575,991 | €32,403,589 | -€3.2m | -8.9% |
| Raw materials and consumables | 30/31 | €398,770 | €369,461 | -€29,310 | -7.4% |
| Goods purchased for resale | 34 | €34,262,936 | €31,559,670 | -€2.7m | -7.9% |
| Advance payments | 36 | €914,285 | €474,458 | -€439,828 | -48.1% |
| Contracts in progress | 37 | €138,714 | €78,664 | -€60,050 | -43.3% |
| Amounts receivable within one year | 40/41 | €14,910,536 | €15,656,215 | +€745,678 | +5.0% |
| Trade receivables | 40 | €14,849,977 | €15,646,619 | +€796,642 | +5.4% |
| Other amounts receivable | 41 | €60,559 | €9,596 | -€50,964 | -84.2% |
| Cash at bank and in hand | 54/58 | €1,090,886 | €250,529 | -€840,358 | -77.0% |
| Deferred charges and accrued income | 490/1 | €139,496 | €130,083 | -€9,413 | -6.7% |
| Total equity and liabilities | 10/49 | €67,802,790 | €64,669,744 | -€3.1m | -4.6% |
| Equity | 10/15 | €21,082,285 | €20,595,829 | -€486,456 | -2.3% |
| Contributions | 10/11 | €2,775,000 | €2,775,000 | = | 0.0% |
| Capital | 10 | €2,775,000 | €2,775,000 | = | 0.0% |
| Issued capital | 100 | €2,775,000 | €2,775,000 | = | 0.0% |
| Reserves | 13 | €18,307,285 | €17,820,829 | -€486,456 | -2.7% |
| Non-distributable reserves | 130/1 | €277,500 | €277,500 | = | 0.0% |
| Legal reserve | 130 | €277,500 | €277,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €986,247 | €986,247 | = | 0.0% |
| Distributable reserves | 133 | €17,043,538 | €16,557,082 | -€486,456 | -2.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €46,720,506 | €44,073,915 | -€2.6m | -5.7% |
| Amounts payable after more than one year | 17 | €21,123,629 | €21,671,227 | +€547,598 | +2.6% |
| Financial debts | 170/4 | €21,123,629 | €21,671,227 | +€547,598 | +2.6% |
| Leasing and similar obligations | 172 | €1,220,883 | €1,498,219 | +€277,336 | +22.7% |
| Credit institutions | 173 | €19,152,746 | €19,673,008 | +€520,262 | +2.7% |
| Other loans | 174 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Amounts payable within one year | 42/48 | €24,551,768 | €21,043,886 | -€3.5m | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €1,449,468 | €1,441,431 | -€8,036 | -0.6% |
| Financial debts | 43 | €18,610,000 | €13,675,000 | -€4.9m | -26.5% |
| Credit institutions | 430/8 | €18,610,000 | €13,675,000 | -€4.9m | -26.5% |
| Trade debts | 44 | €2,687,548 | €2,674,821 | -€12,727 | -0.5% |
| Suppliers | 440/4 | €2,687,548 | €2,674,821 | -€12,727 | -0.5% |
| Taxes, remuneration and social security | 45 | €1,303,752 | €1,697,888 | +€394,137 | +30.2% |
| Taxes | 450/3 | €474,506 | €799,312 | +€324,806 | +68.5% |
| Remuneration and social security | 454/9 | €829,246 | €898,576 | +€69,330 | +8.4% |
| Other amounts payable | 47/48 | €501,000 | €1,554,746 | +€1.1m | +210% |
| Accrued charges and deferred income | 492/3 | €1,045,109 | €1,358,802 | +€313,693 | +30.0% |
| Operating income | 70/76A | €92,221,128 | €103,899,854 | +€11.7m | +12.7% |
| Turnover | 70 | €90,048,865 | €101,649,507 | +€11.6m | +12.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €63,805 | -€60,050 | -€123,854 | |
| Other operating income | 74 | €2,020,076 | €2,181,286 | +€161,211 | +8.0% |
| Non-recurring operating income | 76A | €88,382 | €129,109 | +€40,727 | +46.1% |
| Operating charges | 60/66A | €93,057,197 | €102,963,554 | +€9.9m | +10.6% |
| Goods for resale, raw materials and consumables | 60 | €75,888,443 | €85,324,809 | +€9.4m | +12.4% |
| Purchases | 600/8 | €80,428,017 | €82,605,671 | +€2.2m | +2.7% |
| Change in stocks: decrease (increase) | 609 | -€4,539,574 | €2,719,138 | +€7.3m | |
| Services and other goods | 61 | €9,000,729 | €8,871,211 | -€129,517 | -1.4% |
| Remuneration, social security and pensions | 62 | €5,645,353 | €5,437,236 | -€208,117 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881,470 | €2,058,753 | +€177,283 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€264,081 | -€140,144 | +€123,938 | +46.9% |
| Other operating charges | 640/8 | €893,073 | €498,699 | -€394,374 | -44.2% |
| Non-recurring operating charges | 66A | €12,210 | €912,990 | +€900,780 | +7,377% |
| Operating profit (loss) | 9901 | -€836,068 | €936,299 | +€1.8m | |
| Financial income | 75/76B | €1,001,335 | €1,192,208 | +€190,873 | +19.1% |
| Recurring financial income | 75 | €1,001,335 | €1,192,208 | +€190,873 | +19.1% |
| Income from financial fixed assets | 750 | €75,000 | €75,000 | = | 0.0% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €926,335 | €1,117,208 | +€190,873 | +20.6% |
| Financial charges | 65/66B | €2,009,156 | €2,606,525 | +€597,370 | +29.7% |
| Recurring financial charges | 65 | €2,000,552 | €2,606,525 | +€605,974 | +30.3% |
| Debt charges | 650 | €1,258,835 | €1,540,811 | +€281,975 | +22.4% |
| Other financial charges | 652/9 | €741,717 | €1,065,715 | +€323,998 | +43.7% |
| Non-recurring financial charges | 66B | €8,604 | €0 | -€8,604 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€1,843,889 | -€478,018 | +€1.4m | +74.1% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €7,929 | €8,438 | +€509 | +6.4% |
| Taxes | 670/3 | €7,929 | €8,438 | +€509 | +6.4% |
| Profit (loss) for the period | 9904 | -€1,851,818 | -€486,456 | +€1.4m | +73.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,851,818 | -€486,456 | +€1.4m | +73.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.