LEMAIRE ELECTRONICS: 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.
LEMAIRE ELECTRONICS
Largest movements
- Receivables within one year +€8.3m
up €8.3m (+280.6%), from €3.0m to €11.2m
of which Other amounts receivable: +€8.3m
- Financial fixed assets -€2.5m
down €2.5m (-4.4%), from €56.3m to €53.8m
- Cash -€1.2m
down €1.2m (-35.2%), from €3.3m to €2.1m
- Reserves +€4.0m
up €4.0m (+6.1%), from €65.5m to €69.5m
of which Distributable reserves: +€4.0m
- Financial income -€1.7m
down €1.7m (-35.9%), from €4.6m to €3.0m
- Taxes +€305,102
up €305,102 (+127.1%), from €240,111 to €545,213
- Financial charges -€182,785
down €182,785 (-302.2%), from -€60,480 to -€243,265
of which Financial charges: -€1.2m
- Other operating charges +€49,501
up €49,501 (+207.5%), from €23,856 to €73,357
- Write-downs -€38,633
new in 2025: -€38,633
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,849,615 | €81,259,788 | +€4.4m | +5.7% |
| Fixed assets | 21/28 | €56,315,322 | €53,815,558 | -€2.5m | -4.4% |
| Tangible fixed assets | 22/27 | €49,632 | €19,186 | -€30,445 | -61.3% |
| Furniture and vehicles | 24 | €49,632 | €19,186 | -€30,445 | -61.3% |
| Financial fixed assets | 28 | €56,265,691 | €53,796,372 | -€2.5m | -4.4% |
| Current assets | 29/58 | €20,534,293 | €27,444,230 | +€6.9m | +33.7% |
| Amounts receivable within one year | 40/41 | €2,951,262 | €11,232,601 | +€8.3m | +280.6% |
| Trade receivables | 40 | €17,359 | €8,412 | -€8,947 | -51.5% |
| Other amounts receivable | 41 | €2,933,903 | €11,224,189 | +€8.3m | +282.6% |
| Current investments | 50/53 | €14,296,171 | €14,090,422 | -€205,749 | -1.4% |
| Cash at bank and in hand | 54/58 | €3,275,376 | €2,121,207 | -€1.2m | -35.2% |
| Deferred charges and accrued income | 490/1 | €11,483 | - | -€11,483 | |
| Total equity and liabilities | 10/49 | €76,849,615 | €81,259,788 | +€4.4m | +5.7% |
| Equity | 10/15 | €66,230,084 | €70,321,920 | +€4.1m | +6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €65,502,200 | €69,502,200 | +€4.0m | +6.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €65,496,000 | €69,496,000 | +€4.0m | +6.1% |
| Profit (loss) carried forward | 14 | €665,884 | €757,720 | +€91,836 | +13.8% |
| Amounts payable | 17/49 | €10,619,531 | €10,937,868 | +€318,337 | +3.0% |
| Amounts payable within one year | 42/48 | €10,410,633 | €10,506,595 | +€95,962 | +0.9% |
| Financial debts | 43 | €10,000,000 | €10,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000,000 | €10,000,000 | = | 0.0% |
| Trade debts | 44 | €30,373 | €8,334 | -€22,039 | -72.6% |
| Suppliers | 440/4 | €30,373 | €8,334 | -€22,039 | -72.6% |
| Advances received on contracts in progress | 46 | €25,000 | €25,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €273,706 | €641 | -€273,065 | -99.8% |
| Taxes | 450/3 | €273,706 | €641 | -€273,065 | -99.8% |
| Other amounts payable | 47/48 | €81,555 | €472,621 | +€391,066 | +479.5% |
| Accrued charges and deferred income | 492/3 | €208,898 | €431,273 | +€222,375 | +106.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,223 | €15,223 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€38,633 | -€38,633 | |
| Other operating charges | 640/8 | €23,856 | €73,357 | +€49,501 | +207.5% |
| Gross operating margin | 9900 | -€124,041 | -€114,901 | +€9,140 | +7.4% |
| Operating profit (loss) | 9901 | -€163,120 | -€164,847 | -€1,727 | -1.1% |
| Financial income | 75/76B | €4,623,114 | €2,964,465 | -€1.7m | -35.9% |
| Recurring financial income | 75 | €4,623,114 | €2,964,465 | -€1.7m | -35.9% |
| Financial charges | 65/66B | -€60,480 | -€243,265 | -€182,785 | -302.2% |
| Recurring financial charges | 65 | -€60,480 | -€1,297,887 | -€1.2m | -2046.0% |
| Non-recurring financial charges | 66B | - | €1,054,622 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €4,520,474 | €3,042,884 | -€1.5m | -32.7% |
| Income taxes | 67/77 | €240,111 | €545,213 | +€305,102 | +127.1% |
| Profit (loss) for the period | 9904 | €4,280,363 | €2,497,670 | -€1.8m | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,280,363 | €2,497,670 | -€1.8m | -41.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 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.