LEMAIRE Entrepôts: 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.
What changed
LEMAIRE Entrepôts
NACE 77.394, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €469,761+€983,148
Equity
€2.9m
2024 · €811,225+€2.0m
Cash
€588,821
2024 · €534,987+€53,834
Balance sheet total
€8.5m
2024 · €8.2m+€261,118
Largest movements
Assets
- Stocks and contracts +€757,185
up €757,185 (+34.9%), from €2.2m to €2.9m
- Tangible fixed assets -€271,659
down €271,659 (-5.5%), from €4.9m to €4.7m
of which Land and buildings: -€271,263
- Receivables within one year -€237,304
down €237,304 (-45.3%), from €523,578 to €286,275
of which Other amounts receivable: -€310,481
Equity and liabilities
- Profit (loss) carried forward +€1.4m
up €1.4m (+171%), from €790,765 to €2.1m
- Debts after one year -€1.2m
down €1.2m (-22.5%), from €5.4m to €4.2m
- Reserves +€689,400
up €689,400 (+37,065%), from €1,860 to €691,260
of which Tax-exempt reserves: +€589,400
- Short-term financial debts -€556,209
down €556,209 (-56.1%), from €990,722 to €434,513
- Current portion of long-term debt +€258,585
up €258,585 (+111%), from €233,393 to €491,978
Income statement
- Gross operating margin +€1.8m
up €1.8m (+146%), from €1.2m to €3.0m
- Taxes +€257,147
up €257,147 (+168%), from €152,870 to €410,017
- Depreciation -€44,856
down €44,856 (-19.6%), from €229,107 to €184,251
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.
Result 2024
€469,761
Gross operating margin
+€1.8m
Staff costs
-€5,819
Depreciation
+€44,856
Other operating charges
+€43
Financial income
+€3,428
Financial charges
+€22,516
Taxes
-€257,147
Deferred taxes and other
-€589,400
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€833,688
Investment
+€136,713
Financing
-€916,568
Cash 2024
€534,987
From operations (derived)
+€833,688
Net result for the year
+€1.5m
Depreciation
+€184,251
Stocks and contracts
-€757,185
Receivables within one year
+€237,304
Deferred charges and accrued income
-€8,367
Trade debts
-€256,816
Tax, wage and social debts
-€5,279
Other debts
-€13,422
Accrued charges and deferred income
+€294
Investment (derived)
+€136,713
Investment in fixed assets (net)
+€136,713
Financing
-€916,568
Debts after one year
-€1.2m
Current portion of long-term debt
+€258,585
Short-term financial debts
-€556,209
Contributions, distributions and other
+€589,400
Cash 2025
€588,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,233,154 | €8,494,273 | +€261,118 | +3.2% |
| Fixed assets | 21/28 | €4,995,559 | €4,674,595 | -€320,964 | -6.4% |
| Tangible fixed assets | 22/27 | €4,925,774 | €4,654,115 | -€271,659 | -5.5% |
| Land and buildings | 22 | €4,925,241 | €4,653,978 | -€271,263 | -5.5% |
| Plant, machinery and equipment | 23 | €0 | €57 | +€57 | |
| Furniture and vehicles | 24 | €533 | €80 | -€453 | -85.0% |
| Financial fixed assets | 28 | €69,785 | €20,480 | -€49,305 | -70.7% |
| Current assets | 29/58 | €3,237,595 | €3,819,678 | +€582,082 | +18.0% |
| Stocks and contracts in progress | 3 | €2,169,030 | €2,926,215 | +€757,185 | +34.9% |
| Stocks | 30/36 | €2,169,030 | €2,926,215 | +€757,185 | +34.9% |
| Amounts receivable within one year | 40/41 | €523,578 | €286,275 | -€237,304 | -45.3% |
| Trade receivables | 40 | €98,539 | €171,717 | +€73,178 | +74.3% |
| Other amounts receivable | 41 | €425,039 | €114,558 | -€310,481 | -73.0% |
| Cash at bank and in hand | 54/58 | €534,987 | €588,821 | +€53,834 | +10.1% |
| Deferred charges and accrued income | 490/1 | €10,000 | €18,367 | +€8,367 | +83.7% |
| Total equity and liabilities | 10/49 | €8,233,154 | €8,494,273 | +€261,118 | +3.2% |
| Equity | 10/15 | €811,225 | €2,853,534 | +€2.0m | +252% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €691,260 | +€689,400 | +37,065% |
| Non-distributable reserves | 130/1 | €1,860 | €101,860 | +€100,000 | +5,376% |
| Legal reserve | 130 | - | €100,000 | +€100,000 | |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €589,400 | +€589,400 | |
| Profit (loss) carried forward | 14 | €790,765 | €2,143,674 | +€1.4m | +171% |
| Amounts payable | 17/49 | €7,421,930 | €5,640,739 | -€1.8m | -24.0% |
| Amounts payable after more than one year | 17 | €5,364,046 | €4,155,702 | -€1.2m | -22.5% |
| Financial debts | 170/4 | €5,364,046 | €4,155,702 | -€1.2m | -22.5% |
| Amounts payable within one year | 42/48 | €2,056,663 | €1,483,522 | -€573,141 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €233,393 | €491,978 | +€258,585 | +111% |
| Financial debts | 43 | €990,722 | €434,513 | -€556,209 | -56.1% |
| Other loans | 439 | €990,722 | €434,513 | -€556,209 | -56.1% |
| Trade debts | 44 | €482,329 | €225,513 | -€256,816 | -53.2% |
| Suppliers | 440/4 | €482,329 | €225,513 | -€256,816 | -53.2% |
| Taxes, remuneration and social security | 45 | €27,292 | €22,013 | -€5,279 | -19.3% |
| Taxes | 450/3 | €27,292 | €22,013 | -€5,279 | -19.3% |
| Other amounts payable | 47/48 | €322,927 | €309,505 | -€13,422 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,221 | €1,515 | +€294 | +24.1% |
| Remuneration, social security and pensions | 62 | €62,626 | €68,446 | +€5,819 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,107 | €184,251 | -€44,856 | -19.6% |
| Other operating charges | 640/8 | €1,110 | €1,068 | -€43 | -3.8% |
| Gross operating margin | 9900 | €1,209,162 | €2,973,835 | +€1.8m | +146% |
| Operating profit (loss) | 9901 | €916,319 | €2,720,071 | +€1.8m | +197% |
| Financial income | 75/76B | €3,612 | €7,040 | +€3,428 | +94.9% |
| Recurring financial income | 75 | €3,612 | €7,040 | +€3,428 | +94.9% |
| Financial charges | 65/66B | €297,300 | €274,784 | -€22,516 | -7.6% |
| Recurring financial charges | 65 | €297,300 | €274,784 | -€22,516 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €622,631 | €2,452,327 | +€1.8m | +294% |
| Transfer to deferred taxes | 680 | - | €589,400 | +€589,400 | |
| Income taxes | 67/77 | €152,870 | €410,017 | +€257,147 | +168% |
| Profit (loss) for the period | 9904 | €469,761 | €1,452,910 | +€983,148 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €469,761 | €1,452,910 | +€983,148 | +209% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.