LEMAIRE - FRERES: 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.
LEMAIRE - FRERES
Largest movements
- Tangible fixed assets -€10,136
down €10,136 (-14.4%), from €70,341 to €60,205
- Cash +€3,533
up €3,533 (+64.7%), from €5,464 to €8,997
mainly Net result for the year (+€11,020) and Depreciation (+€10,136)
- Debts after one year -€19,035
down €19,035 (-45.8%), from €41,579 to €22,544
- Profit (loss) carried forward +€11,020
up €11,020 (+6.9%), from -€160,457 to -€149,437
- Trade debts +€1,150
up €1,150 (+2.5%), from €45,335 to €46,485
- Gross operating margin -€3,682
down €3,682 (-11.8%), from €31,153 to €27,471
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,804 | €69,201 | -€6,603 | -8.7% |
| Fixed assets | 21/28 | €70,341 | €60,205 | -€10,136 | -14.4% |
| Tangible fixed assets | 22/27 | €70,341 | €60,205 | -€10,136 | -14.4% |
| Land and buildings | 22 | €70,341 | €60,205 | -€10,136 | -14.4% |
| Current assets | 29/58 | €5,464 | €8,997 | +€3,533 | +64.7% |
| Cash at bank and in hand | 54/58 | €5,464 | €8,997 | +€3,533 | +64.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €75,804 | €69,201 | -€6,603 | -8.7% |
| Equity | 10/15 | -€123,273 | -€112,253 | +€11,020 | +8.9% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | €37,184 | = | 0.0% |
| Issued capital | 100 | €37,184 | €37,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,457 | -€149,437 | +€11,020 | +6.9% |
| Amounts payable | 17/49 | €199,078 | €181,455 | -€17,623 | -8.9% |
| Amounts payable after more than one year | 17 | €41,579 | €22,544 | -€19,035 | -45.8% |
| Financial debts | 170/4 | €41,579 | €22,544 | -€19,035 | -45.8% |
| Amounts payable within one year | 42/48 | €157,499 | €158,911 | +€1,412 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €18,772 | €19,035 | +€262 | +1.4% |
| Trade debts | 44 | €45,335 | €46,485 | +€1,150 | +2.5% |
| Suppliers | 440/4 | €45,335 | €46,485 | +€1,150 | +2.5% |
| Other amounts payable | 47/48 | €93,391 | €93,391 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,219 | €10,136 | -€83 | -0.8% |
| Other operating charges | 640/8 | €5,405 | €5,175 | -€230 | -4.3% |
| Gross operating margin | 9900 | €31,153 | €27,471 | -€3,682 | -11.8% |
| Operating profit (loss) | 9901 | €15,529 | €12,160 | -€3,369 | -21.7% |
| Financial charges | 65/66B | €1,387 | €1,140 | -€247 | -17.8% |
| Recurring financial charges | 65 | €1,387 | €1,140 | -€247 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €14,142 | €11,020 | -€3,122 | -22.1% |
| Profit (loss) for the period | 9904 | €14,142 | €11,020 | -€3,122 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,142 | €11,020 | -€3,122 | -22.1% |
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 17 October 2026 via checked.be.