LEMANOS: 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.
LEMANOS
Largest movements
- Current investments +€373,288
up €373,288 (+20.9%), from €1.8m to €2.2m
- Receivables within one year +€283,179
up €283,179 (+108%), from €261,492 to €544,671
of which Other amounts receivable: +€498,086
- Cash +€50,771
up €50,771 (+26.0%), from €195,600 to €246,371
mainly Other debts (+€1.3m) and Net result for the year (+€596,206)
- Tangible fixed assets -€42,288
down €42,288 (-10.6%), from €400,466 to €358,178
of which Furniture and vehicles: -€22,950
- Other debts +€1.3m
up €1.3m (+3,123%), from €42,339 to €1.4m
- Reserves -€767,767
down €767,767 (-30.2%), from €2.5m to €1.8m
of which Non-distributable reserves: -€497,000
- Current portion of long-term debt +€100,338
up €100,338 (+320%), from €31,333 to €131,671
- Tax, wage and social debts +€38,978
up €38,978 (+32.4%), from €120,232 to €159,210
of which Taxes: +€38,978
- Financial income +€354,432
up €354,432 (+53.4%), from €663,371 to €1.0m
- Taxes +€106,358
up €106,358 (+43.4%), from €245,020 to €351,379
- Gross operating margin -€73,205
down €73,205 (-50.5%), from €144,827 to €71,621
- Turnover -€47,291
down €47,291 (-10.2%), from €465,885 to €418,594
- Financial charges +€42,047
up €42,047 (+79.9%), from €52,632 to €94,679
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 | €2,943,446 | €3,608,419 | +€664,973 | +22.6% |
| Fixed assets | 21/28 | €700,466 | €658,178 | -€42,288 | -6.0% |
| Tangible fixed assets | 22/27 | €400,466 | €358,178 | -€42,288 | -10.6% |
| Land and buildings | 22 | €367,319 | €347,981 | -€19,339 | -5.3% |
| Furniture and vehicles | 24 | €33,147 | €10,198 | -€22,950 | -69.2% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €2,242,980 | €2,950,240 | +€707,261 | +31.5% |
| Amounts receivable within one year | 40/41 | €261,492 | €544,671 | +€283,179 | +108% |
| Trade receivables | 40 | €260,825 | €45,917 | -€214,907 | -82.4% |
| Other amounts receivable | 41 | €668 | €498,754 | +€498,086 | +74,610% |
| Current investments | 50/53 | €1,783,005 | €2,156,294 | +€373,288 | +20.9% |
| Cash at bank and in hand | 54/58 | €195,600 | €246,371 | +€50,771 | +26.0% |
| Deferred charges and accrued income | 490/1 | €2,882 | €2,904 | +€22 | +0.8% |
| Total equity and liabilities | 10/49 | €2,943,446 | €3,608,419 | +€664,973 | +22.6% |
| Equity | 10/15 | €2,584,398 | €1,816,857 | -€767,541 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,544,367 | €1,776,600 | -€767,767 | -30.2% |
| Non-distributable reserves | 130/1 | €1,297,000 | €800,000 | -€497,000 | -38.3% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €800,000 | €800,000 | = | 0.0% |
| Financial assistance | 1313 | €497,000 | - | -€497,000 | |
| Tax-exempt reserves | 132 | €491,770 | €0 | -€491,770 | -100% |
| Distributable reserves | 133 | €755,597 | €976,600 | +€221,003 | +29.2% |
| Profit (loss) carried forward | 14 | €21,431 | €21,657 | +€226 | +1.1% |
| Amounts payable | 17/49 | €359,048 | €1,791,562 | +€1.4m | +399% |
| Amounts payable after more than one year | 17 | €161,888 | €130,554 | -€31,333 | -19.4% |
| Financial debts | 170/4 | €161,888 | €130,554 | -€31,333 | -19.4% |
| Amounts payable within one year | 42/48 | €197,160 | €1,658,747 | +€1.5m | +741% |
| Current portion of amounts payable after more than one year | 42 | €31,333 | €131,671 | +€100,338 | +320% |
| Financial debts | 43 | €477 | €1,513 | +€1,036 | +217% |
| Credit institutions | 430/8 | €477 | €1,513 | +€1,036 | +217% |
| Trade debts | 44 | €2,779 | €1,637 | -€1,141 | -41.1% |
| Suppliers | 440/4 | €2,779 | €1,637 | -€1,141 | -41.1% |
| Taxes, remuneration and social security | 45 | €120,232 | €159,210 | +€38,978 | +32.4% |
| Taxes | 450/3 | €120,232 | €159,210 | +€38,978 | +32.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €42,339 | €1,364,715 | +€1.3m | +3,123% |
| Accrued charges and deferred income | 492/3 | €0 | €2,261 | +€2,261 | |
| Turnover | 70 | €465,885 | €418,594 | -€47,291 | -10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €365,593 | €387,819 | +€22,225 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,845 | €42,288 | -€557 | -1.3% |
| Other operating charges | 640/8 | €6,071 | €4,873 | -€1,198 | -19.7% |
| Gross operating margin | 9900 | €144,827 | €71,621 | -€73,205 | -50.5% |
| Operating profit (loss) | 9901 | €95,911 | €24,460 | -€71,451 | -74.5% |
| Financial income | 75/76B | €663,371 | €1,017,803 | +€354,432 | +53.4% |
| Recurring financial income | 75 | €663,371 | €1,017,803 | +€354,432 | +53.4% |
| Financial charges | 65/66B | €52,632 | €94,679 | +€42,047 | +79.9% |
| Recurring financial charges | 65 | €52,632 | €94,679 | +€42,047 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €706,649 | €947,584 | +€240,935 | +34.1% |
| Income taxes | 67/77 | €245,020 | €351,379 | +€106,358 | +43.4% |
| Profit (loss) for the period | 9904 | €461,629 | €596,206 | +€134,577 | +29.2% |
| Transfer from tax-exempt reserves | 789 | - | €491,770 | +€491,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €461,629 | €1,087,976 | +€626,347 | +136% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.