LEMAITRE: 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.
LEMAITRE
Largest movements
- Tangible fixed assets +€738,374
up €738,374 (+123.0%), from €600,065 to €1.3m
of which Land and buildings: +€741,096
- Cash -€148,855
down €148,855 (-57.6%), from €258,484 to €109,629
mainly Investment in fixed assets (net) (-€920,219) and Debts after one year (-€172,540)
- Stocks and contracts +€98,419
up €98,419 (+6.5%), from €1.5m to €1.6m
- Other debts +€936,378
up €936,378 (+232.4%), from €402,959 to €1.3m
- Debts after one year -€172,540
down €172,540 (-33.7%), from €511,857 to €339,317
- Short-term financial debts +€150,000
new in 2025: €150,000
- Tax, wage and social debts -€100,234
down €100,234 (-54.5%), from €183,769 to €83,535
of which Taxes: -€126,928
- Profit (loss) carried forward -€87,734
down €87,734 (-22.3%), from €393,737 to €306,003
- Gross operating margin -€253,176
down €253,176 (-34.8%), from €726,555 to €473,379
- Depreciation +€102,602
up €102,602 (+129.5%), from €79,244 to €181,846
- Taxes -€97,547
down €97,547 (-99.7%), from €97,880 to €332
- Staff costs +€27,527
up €27,527 (+11.1%), from €248,721 to €276,248
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.
Cash bridge derived
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 | €2,583,974 | €3,277,785 | +€693,812 | +26.9% |
| Fixed assets | 21/28 | €603,708 | €1,342,081 | +€738,374 | +122.3% |
| Tangible fixed assets | 22/27 | €600,065 | €1,338,438 | +€738,374 | +123.0% |
| Land and buildings | 22 | €563,351 | €1,304,447 | +€741,096 | +131.6% |
| Plant, machinery and equipment | 23 | €31,033 | €31,611 | +€577 | +1.9% |
| Furniture and vehicles | 24 | €5,681 | €2,381 | -€3,300 | -58.1% |
| Financial fixed assets | 28 | €3,643 | €3,643 | = | 0.0% |
| Current assets | 29/58 | €1,980,266 | €1,935,704 | -€44,562 | -2.3% |
| Stocks and contracts in progress | 3 | €1,506,942 | €1,605,361 | +€98,419 | +6.5% |
| Stocks | 30/36 | €1,506,942 | €1,605,361 | +€98,419 | +6.5% |
| Amounts receivable within one year | 40/41 | €193,066 | €204,046 | +€10,980 | +5.7% |
| Trade receivables | 40 | €193,066 | €191,878 | -€1,188 | -0.6% |
| Other amounts receivable | 41 | - | €12,168 | +€12,168 | |
| Cash at bank and in hand | 54/58 | €258,484 | €109,629 | -€148,855 | -57.6% |
| Deferred charges and accrued income | 490/1 | €21,774 | €16,669 | -€5,105 | -23.4% |
| Total equity and liabilities | 10/49 | €2,583,974 | €3,277,785 | +€693,812 | +26.9% |
| Equity | 10/15 | €1,294,947 | €1,207,212 | -€87,734 | -6.8% |
| Contributions | 10/11 | €231,250 | €231,250 | = | 0.0% |
| Capital | 10 | €231,250 | €231,250 | = | 0.0% |
| Issued capital | 100 | €231,250 | €231,250 | = | 0.0% |
| Reserves | 13 | €669,959 | €669,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,125 | €23,125 | = | 0.0% |
| Legal reserve | 130 | €23,125 | €23,125 | = | 0.0% |
| Distributable reserves | 133 | €646,834 | €646,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,737 | €306,003 | -€87,734 | -22.3% |
| Amounts payable | 17/49 | €1,289,027 | €2,070,573 | +€781,546 | +60.6% |
| Amounts payable after more than one year | 17 | €511,857 | €339,317 | -€172,540 | -33.7% |
| Financial debts | 170/4 | €511,857 | €339,317 | -€172,540 | -33.7% |
| Amounts payable within one year | 42/48 | €754,570 | €1,731,256 | +€976,687 | +129.4% |
| Current portion of amounts payable after more than one year | 42 | €52,136 | €72,540 | +€20,404 | +39.1% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €115,705 | €85,844 | -€29,861 | -25.8% |
| Suppliers | 440/4 | €115,705 | €85,844 | -€29,861 | -25.8% |
| Taxes, remuneration and social security | 45 | €183,769 | €83,535 | -€100,234 | -54.5% |
| Taxes | 450/3 | €158,392 | €31,464 | -€126,928 | -80.1% |
| Remuneration and social security | 454/9 | €25,377 | €52,071 | +€26,694 | +105.2% |
| Other amounts payable | 47/48 | €402,959 | €1,339,337 | +€936,378 | +232.4% |
| Accrued charges and deferred income | 492/3 | €22,601 | €0 | -€22,601 | -100.0% |
| Remuneration, social security and pensions | 62 | €248,721 | €276,248 | +€27,527 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,244 | €181,846 | +€102,602 | +129.5% |
| Other operating charges | 640/8 | €44,958 | €46,732 | +€1,774 | +3.9% |
| Gross operating margin | 9900 | €726,555 | €473,379 | -€253,176 | -34.8% |
| Operating profit (loss) | 9901 | €353,633 | -€31,447 | -€385,080 | |
| Financial income | 75/76B | €1,949 | €1,602 | -€347 | -17.8% |
| Recurring financial income | 75 | €1,949 | €1,602 | -€347 | -17.8% |
| Financial charges | 65/66B | €56,867 | €57,557 | +€690 | +1.2% |
| Recurring financial charges | 65 | €56,867 | €57,557 | +€690 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €298,714 | -€87,402 | -€386,116 | |
| Income taxes | 67/77 | €97,880 | €332 | -€97,547 | -99.7% |
| Profit (loss) for the period | 9904 | €200,834 | -€87,734 | -€288,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €200,834 | -€87,734 | -€288,569 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.