Lemaire Vastgoed: what changed
Lemaire Vastgoed
Largest movements
- Receivables within one year +€53,739
up €53,739 (+165%), from €32,549 to €86,288
of which Other amounts receivable: +€63,426
- Cash -€45,655
down €45,655 (-89.5%), from €51,038 to €5,383
mainly Receivables within one year (-€53,739) and Tax, wage and social debts (-€8,800)
- Tangible fixed assets -€1,378
down €1,378 (-32.6%), from €4,232 to €2,854
of which Furniture and vehicles: -€1,913
- Reserves +€15,000
up €15,000 (+22.1%), from €68,000 to €83,000
- Tax, wage and social debts -€8,800
down €8,800 (-46.4%), from €18,946 to €10,146
of which Taxes: -€6,900
- Gross operating margin -€27,023
down €27,023 (-53.4%), from €50,610 to €23,587
- Taxes -€5,508
down €5,508 (-54.5%), from €10,114 to €4,606
- Financial charges +€2,120
up €2,120 (+1,193%), from €178 to €2,298
- Depreciation -€2,036
down €2,036 (-71.1%), from €2,864 to €828
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,148 | €97,370 | +€6,223 | +6.8% |
| Fixed assets | 21/28 | €4,232 | €2,854 | -€1,378 | -32.6% |
| Tangible fixed assets | 22/27 | €4,232 | €2,854 | -€1,378 | -32.6% |
| Plant, machinery and equipment | 23 | €377 | - | -€377 | |
| Furniture and vehicles | 24 | €3,854 | €1,941 | -€1,913 | -49.6% |
| Other tangible fixed assets | 26 | - | €913 | +€913 | |
| Current assets | 29/58 | €86,916 | €94,516 | +€7,600 | +8.7% |
| Amounts receivable within one year | 40/41 | €32,549 | €86,288 | +€53,739 | +165% |
| Trade receivables | 40 | €18,934 | €9,247 | -€9,687 | -51.2% |
| Other amounts receivable | 41 | €13,615 | €77,041 | +€63,426 | +466% |
| Cash at bank and in hand | 54/58 | €51,038 | €5,383 | -€45,655 | -89.5% |
| Deferred charges and accrued income | 490/1 | €3,329 | €2,846 | -€484 | -14.5% |
| Total equity and liabilities | 10/49 | €91,148 | €97,370 | +€6,223 | +6.8% |
| Equity | 10/15 | €70,996 | €85,231 | +€14,235 | +20.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €68,000 | €83,000 | +€15,000 | +22.1% |
| Distributable reserves | 133 | €68,000 | €83,000 | +€15,000 | +22.1% |
| Profit (loss) carried forward | 14 | €996 | €231 | -€765 | -76.8% |
| Amounts payable | 17/49 | €20,152 | €12,140 | -€8,012 | -39.8% |
| Amounts payable within one year | 42/48 | €20,152 | €12,090 | -€8,062 | -40.0% |
| Trade debts | 44 | €373 | €1,111 | +€738 | +198% |
| Suppliers | 440/4 | €373 | €1,111 | +€738 | +198% |
| Taxes, remuneration and social security | 45 | €18,946 | €10,146 | -€8,800 | -46.4% |
| Taxes | 450/3 | €17,046 | €10,146 | -€6,900 | -40.5% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Non-recurring operating income | 76A | - | €8,491 | +€8,491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,864 | €828 | -€2,036 | -71.1% |
| Other operating charges | 640/8 | €888 | €788 | -€100 | -11.3% |
| Gross operating margin | 9900 | €50,610 | €23,587 | -€27,023 | -53.4% |
| Operating profit (loss) | 9901 | €46,858 | €21,971 | -€24,887 | -53.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €178 | €2,298 | +€2,120 | +1,193% |
| Recurring financial charges | 65 | €178 | €2,298 | +€2,120 | +1,193% |
| Profit (loss) for the period before taxes | 9903 | €46,683 | €19,674 | -€27,010 | -57.9% |
| Income taxes | 67/77 | €10,114 | €4,606 | -€5,508 | -54.5% |
| Profit (loss) for the period | 9904 | €36,569 | €15,068 | -€21,502 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,569 | €15,068 | -€21,502 | -58.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.