LEMAITRE: 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.
LEMAITRE
Largest movements
- Cash +€181,994
up €181,994 (+31.4%), from €578,714 to €760,708
mainly Other debts (+€215,338) and Receivables within one year (+€123,185)
- Receivables within one year -€123,185
down €123,185 (-31.3%), from €393,201 to €270,016
of which Trade receivables: -€123,789
- Stocks and contracts +€61,142
up €61,142 (+21.9%), from €278,773 to €339,915
- Tangible fixed assets -€35,732
down €35,732 (-15.5%), from €230,197 to €194,464
of which Plant, machinery and equipment: -€58,143
- Other debts +€215,338
up €215,338 (+685%), from €31,422 to €246,761
- Reserves -€125,301
down €125,301 (-7.4%), from €1.7m to €1.6m
of which Distributable reserves: -€125,301
- Gross operating margin +€46,560
up €46,560 (+8.1%), from €572,679 to €619,239
- Staff costs -€39,454
down €39,454 (-8.9%), from €441,618 to €402,165
- Financial income -€21,021
down €21,021 (-51.0%), from €41,211 to €20,190
- Depreciation +€7,405
up €7,405 (+10.3%), from €72,071 to €79,476
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 | €2,319,542 | €2,411,722 | +€92,179 | +4.0% |
| Fixed assets | 21/28 | €230,197 | €194,464 | -€35,732 | -15.5% |
| Tangible fixed assets | 22/27 | €230,197 | €194,464 | -€35,732 | -15.5% |
| Land and buildings | 22 | €10,049 | €8,242 | -€1,807 | -18.0% |
| Plant, machinery and equipment | 23 | €196,270 | €138,127 | -€58,143 | -29.6% |
| Furniture and vehicles | 24 | €23,878 | €48,096 | +€24,218 | +101% |
| Current assets | 29/58 | €2,089,345 | €2,217,257 | +€127,912 | +6.1% |
| Stocks and contracts in progress | 3 | €278,773 | €339,915 | +€61,142 | +21.9% |
| Stocks | 30/36 | €278,773 | €339,915 | +€61,142 | +21.9% |
| Amounts receivable within one year | 40/41 | €393,201 | €270,016 | -€123,185 | -31.3% |
| Trade receivables | 40 | €392,612 | €268,823 | -€123,789 | -31.5% |
| Other amounts receivable | 41 | €589 | €1,193 | +€605 | +103% |
| Current investments | 50/53 | €838,657 | €846,618 | +€7,961 | +0.9% |
| Cash at bank and in hand | 54/58 | €578,714 | €760,708 | +€181,994 | +31.4% |
| Total equity and liabilities | 10/49 | €2,319,542 | €2,411,722 | +€92,179 | +4.0% |
| Equity | 10/15 | €1,836,398 | €1,704,872 | -€131,526 | -7.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,692,149 | €1,566,848 | -€125,301 | -7.4% |
| Non-distributable reserves | 130/1 | €174,500 | €174,500 | = | 0.0% |
| Legal reserve | 130 | €174,500 | €174,500 | = | 0.0% |
| Distributable reserves | 133 | €1,517,649 | €1,392,348 | -€125,301 | -8.3% |
| Profit (loss) carried forward | 14 | €4,700 | €2,633 | -€2,067 | -44.0% |
| Investment grants | 15 | €14,550 | €10,391 | -€4,159 | -28.6% |
| Amounts payable | 17/49 | €483,144 | €706,850 | +€223,706 | +46.3% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €283,144 | €506,850 | +€223,706 | +79.0% |
| Trade debts | 44 | €190,715 | €188,356 | -€2,358 | -1.2% |
| Suppliers | 440/4 | €190,715 | €188,356 | -€2,358 | -1.2% |
| Taxes, remuneration and social security | 45 | €61,007 | €71,733 | +€10,726 | +17.6% |
| Taxes | 450/3 | €27,645 | €41,061 | +€13,416 | +48.5% |
| Remuneration and social security | 454/9 | €33,362 | €30,672 | -€2,690 | -8.1% |
| Other amounts payable | 47/48 | €31,422 | €246,761 | +€215,338 | +685% |
| Non-recurring operating income | 76A | - | €4,959 | +€4,959 | |
| Remuneration, social security and pensions | 62 | €441,618 | €402,165 | -€39,454 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,071 | €79,476 | +€7,405 | +10.3% |
| Other operating charges | 640/8 | €9,149 | €9,577 | +€428 | +4.7% |
| Non-recurring operating charges | 66A | - | €3,420 | +€3,420 | |
| Gross operating margin | 9900 | €572,679 | €619,239 | +€46,560 | +8.1% |
| Operating profit (loss) | 9901 | €49,840 | €124,601 | +€74,761 | +150% |
| Financial income | 75/76B | €41,211 | €20,190 | -€21,021 | -51.0% |
| Recurring financial income | 75 | €41,211 | €20,190 | -€21,021 | -51.0% |
| Financial charges | 65/66B | €6,412 | €7,570 | +€1,158 | +18.1% |
| Recurring financial charges | 65 | €6,412 | €7,570 | +€1,158 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €84,639 | €137,221 | +€52,582 | +62.1% |
| Income taxes | 67/77 | €19,940 | €24,589 | +€4,649 | +23.3% |
| Profit (loss) for the period | 9904 | €64,700 | €112,633 | +€47,933 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,700 | €112,633 | +€47,933 | +74.1% |
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 18 October 2026 via checked.be.