LEMAHIEU MANAGEMENT: 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.
LEMAHIEU MANAGEMENT
Largest movements
- Deferred charges and accrued income +€21,251
up €21,251 (+275.5%), from €7,713 to €28,965
- Cash -€5,878
down €5,878 (-36.7%), from €16,037 to €10,159
mainly Deferred charges and accrued income (-€21,251) and Tax, wage and social debts (-€6,348)
- Tangible fixed assets -€1,316
down €1,316 (-29.8%), from €4,412 to €3,096
of which Plant, machinery and equipment: -€817
- Reserves +€22,277
up €22,277 (+49.5%), from €44,995 to €67,272
- Tax, wage and social debts -€6,348
down €6,348 (-56.4%), from €11,247 to €4,899
- Trade debts -€2,378
down €2,378 (-37.7%), from €6,303 to €3,925
- Gross operating margin +€11,078
up €11,078 (+41.1%), from €26,935 to €38,013
- Taxes +€3,010
up €3,010 (+33.0%), from €9,110 to €12,119
- Depreciation -€1,249
down €1,249 (-48.7%), from €2,565 to €1,316
- Financial charges +€1,181
up €1,181 (+70.8%), from €1,670 to €2,851
- Financial income -€597
down €597 (-34.4%), from €1,739 to €1,141
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 | €74,945 | €88,496 | +€13,552 | +18.1% |
| Fixed assets | 21/28 | €4,412 | €3,096 | -€1,316 | -29.8% |
| Tangible fixed assets | 22/27 | €4,412 | €3,096 | -€1,316 | -29.8% |
| Plant, machinery and equipment | 23 | €817 | €0 | -€817 | -100.0% |
| Furniture and vehicles | 24 | €3,595 | €3,096 | -€498 | -13.9% |
| Current assets | 29/58 | €70,533 | €85,400 | +€14,868 | +21.1% |
| Amounts receivable within one year | 40/41 | €46,783 | €46,277 | -€506 | -1.1% |
| Trade receivables | 40 | €30,002 | €37,657 | +€7,656 | +25.5% |
| Other amounts receivable | 41 | €16,781 | €8,620 | -€8,161 | -48.6% |
| Cash at bank and in hand | 54/58 | €16,037 | €10,159 | -€5,878 | -36.7% |
| Deferred charges and accrued income | 490/1 | €7,713 | €28,965 | +€21,251 | +275.5% |
| Total equity and liabilities | 10/49 | €74,945 | €88,496 | +€13,552 | +18.1% |
| Equity | 10/15 | €57,395 | €79,672 | +€22,277 | +38.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,995 | €67,272 | +€22,277 | +49.5% |
| Distributable reserves | 133 | €44,995 | €67,272 | +€22,277 | +49.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €17,550 | €8,825 | -€8,725 | -49.7% |
| Amounts payable within one year | 42/48 | €17,550 | €8,825 | -€8,725 | -49.7% |
| Trade debts | 44 | €6,303 | €3,925 | -€2,378 | -37.7% |
| Suppliers | 440/4 | €6,303 | €3,925 | -€2,378 | -37.7% |
| Taxes, remuneration and social security | 45 | €11,247 | €4,899 | -€6,348 | -56.4% |
| Taxes | 450/3 | €11,247 | €4,899 | -€6,348 | -56.4% |
| Non-recurring operating income | 76A | €2,175 | €0 | -€2,175 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,565 | €1,316 | -€1,249 | -48.7% |
| Other operating charges | 640/8 | €703 | €591 | -€111 | -15.9% |
| Gross operating margin | 9900 | €26,935 | €38,013 | +€11,078 | +41.1% |
| Operating profit (loss) | 9901 | €23,668 | €36,106 | +€12,439 | +52.6% |
| Financial income | 75/76B | €1,739 | €1,141 | -€597 | -34.4% |
| Recurring financial income | 75 | €1,739 | €1,141 | -€597 | -34.4% |
| Financial charges | 65/66B | €1,670 | €2,851 | +€1,181 | +70.8% |
| Recurring financial charges | 65 | €1,670 | €2,851 | +€1,181 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €23,736 | €34,396 | +€10,660 | +44.9% |
| Income taxes | 67/77 | €9,110 | €12,119 | +€3,010 | +33.0% |
| Profit (loss) for the period | 9904 | €14,627 | €22,277 | +€7,650 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,627 | €22,277 | +€7,650 | +52.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.