LEMANACO: 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.
LEMANACO
Largest movements
- Receivables within one year -€99,342
down €99,342 (-72.7%), from €136,724 to €37,382
- Receivables after one year -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Cash -€12,894
down €12,894 (-21.2%), from €60,907 to €48,013
mainly Contributions, distributions and other (-€210,602) and Tax, wage and social debts (-€20,231)
- Reserves -€127,423
down €127,423 (-60.5%), from €210,602 to €83,179
- Tax, wage and social debts -€20,231
down €20,231 (-71.7%), from €28,217 to €7,986
- Current portion of long-term debt +€5,048
new in 2025: €5,048
- Gross operating margin +€33,737
up €33,737 (+46.6%), from €72,407 to €106,144
- Taxes +€7,100
up €7,100 (+45.7%), from €15,544 to €22,644
- Financial income -€2,318
down €2,318 (-48.8%), from €4,748 to €2,430
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 | €244,141 | €101,984 | -€142,158 | -58.2% |
| Fixed assets | 21/28 | €2,328 | €1,324 | -€1,005 | -43.2% |
| Tangible fixed assets | 22/27 | €2,328 | €1,324 | -€1,005 | -43.2% |
| Plant, machinery and equipment | 23 | €1,774 | €1,231 | -€543 | -30.6% |
| Furniture and vehicles | 24 | €554 | €93 | -€461 | -83.3% |
| Current assets | 29/58 | €241,813 | €100,660 | -€141,153 | -58.4% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €136,724 | €37,382 | -€99,342 | -72.7% |
| Other amounts receivable | 41 | €136,724 | €37,382 | -€99,342 | -72.7% |
| Cash at bank and in hand | 54/58 | €60,907 | €48,013 | -€12,894 | -21.2% |
| Deferred charges and accrued income | 490/1 | €14,183 | €15,265 | +€1,082 | +7.6% |
| Total equity and liabilities | 10/49 | €244,141 | €101,984 | -€142,158 | -58.2% |
| Equity | 10/15 | €213,602 | €86,179 | -€127,423 | -59.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €210,602 | €83,179 | -€127,423 | -60.5% |
| Distributable reserves | 133 | €210,602 | €83,179 | -€127,423 | -60.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,539 | €15,805 | -€14,735 | -48.2% |
| Amounts payable within one year | 42/48 | €30,027 | €15,285 | -€14,743 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,048 | +€5,048 | |
| Trade debts | 44 | €1,810 | €2,250 | +€440 | +24.3% |
| Suppliers | 440/4 | €1,810 | €2,250 | +€440 | +24.3% |
| Taxes, remuneration and social security | 45 | €28,217 | €7,986 | -€20,231 | -71.7% |
| Taxes | 450/3 | €28,217 | €7,986 | -€20,231 | -71.7% |
| Accrued charges and deferred income | 492/3 | €512 | €520 | +€8 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €1,005 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €919 | +€778 | +554.1% |
| Gross operating margin | 9900 | €72,407 | €106,144 | +€33,737 | +46.6% |
| Operating profit (loss) | 9901 | €71,261 | €104,220 | +€32,959 | +46.3% |
| Financial income | 75/76B | €4,748 | €2,430 | -€2,318 | -48.8% |
| Recurring financial income | 75 | €4,748 | €2,430 | -€2,318 | -48.8% |
| Financial charges | 65/66B | €1,035 | €827 | -€208 | -20.1% |
| Recurring financial charges | 65 | €1,035 | €827 | -€208 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €74,974 | €105,823 | +€30,849 | +41.1% |
| Income taxes | 67/77 | €15,544 | €22,644 | +€7,100 | +45.7% |
| Profit (loss) for the period | 9904 | €59,431 | €83,179 | +€23,749 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,431 | €83,179 | +€23,749 | +40.0% |
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 7 October 2026 via checked.be.