LEMAR: 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.
LEMAR
Largest movements
- Tangible fixed assets +€6,904
up €6,904 (+26.7%), from €25,883 to €32,787
of which Furniture and vehicles: +€5,097
- Receivables within one year +€6,112
up €6,112 (+89.8%), from €6,806 to €12,918
of which Trade receivables: +€4,995
- Cash +€1,400
up €1,400 (+133%), from €1,049 to €2,449
mainly Depreciation (+€16,937) and Trade debts (+€16,756)
- Trade debts +€16,756
up €16,756 (+325%), from €5,163 to €21,918
- Current portion of long-term debt -€8,310
down €8,310 (-74.8%), from €11,112 to €2,801
- Profit (loss) carried forward +€5,274
up €5,274 (+44.7%), from -€11,807 to -€6,533
- Short-term financial debts +€5,000
new in 2025: €5,000
- Debts after one year -€2,801
no longer reported in 2025 (was €2,801)
- Purchases and services +€6,787
up €6,787 (+11.4%), from €59,387 to €66,175
- Gross operating margin -€4,895
down €4,895 (-14.0%), from €34,862 to €29,967
- Taxes -€913
down €913 (-15.3%), from €5,952 to €5,039
- Other operating charges -€689
down €689 (-29.0%), from €2,376 to €1,687
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 | €33,738 | €48,154 | +€14,416 | +42.7% |
| Fixed assets | 21/28 | €25,883 | €32,787 | +€6,904 | +26.7% |
| Tangible fixed assets | 22/27 | €25,883 | €32,787 | +€6,904 | +26.7% |
| Plant, machinery and equipment | 23 | €1,368 | €2,478 | +€1,109 | +81.1% |
| Furniture and vehicles | 24 | €19,679 | €24,776 | +€5,097 | +25.9% |
| Other tangible fixed assets | 26 | €4,836 | €5,533 | +€697 | +14.4% |
| Current assets | 29/58 | €7,855 | €15,367 | +€7,513 | +95.6% |
| Amounts receivable within one year | 40/41 | €6,806 | €12,918 | +€6,112 | +89.8% |
| Trade receivables | 40 | €1,336 | €6,331 | +€4,995 | +374% |
| Other amounts receivable | 41 | €5,470 | €6,587 | +€1,117 | +20.4% |
| Cash at bank and in hand | 54/58 | €1,049 | €2,449 | +€1,400 | +133% |
| Total equity and liabilities | 10/49 | €33,738 | €48,154 | +€14,416 | +42.7% |
| Equity | 10/15 | €8,653 | €13,927 | +€5,274 | +61.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,807 | -€6,533 | +€5,274 | +44.7% |
| Amounts payable | 17/49 | €25,085 | €34,227 | +€9,142 | +36.4% |
| Amounts payable after more than one year | 17 | €2,801 | - | -€2,801 | |
| Financial debts | 170/4 | €2,801 | - | -€2,801 | |
| Amounts payable within one year | 42/48 | €22,284 | €34,227 | +€11,943 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €11,112 | €2,801 | -€8,310 | -74.8% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €5,163 | €21,918 | +€16,756 | +325% |
| Suppliers | 440/4 | €5,163 | €21,918 | +€16,756 | +325% |
| Taxes, remuneration and social security | 45 | €6,009 | €4,507 | -€1,502 | -25.0% |
| Taxes | 450/3 | €6,009 | €4,507 | -€1,502 | -25.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,387 | €66,175 | +€6,787 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,086 | €16,937 | -€150 | -0.9% |
| Other operating charges | 640/8 | €2,376 | €1,687 | -€689 | -29.0% |
| Non-recurring operating charges | 66A | €278 | - | -€278 | |
| Gross operating margin | 9900 | €34,862 | €29,967 | -€4,895 | -14.0% |
| Operating profit (loss) | 9901 | €15,122 | €11,342 | -€3,779 | -25.0% |
| Financial income | 75/76B | €0 | €15 | +€15 | +13,273% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +13,273% |
| Financial charges | 65/66B | €1,265 | €1,043 | -€222 | -17.5% |
| Recurring financial charges | 65 | €1,265 | €1,043 | -€222 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €13,857 | €10,314 | -€3,543 | -25.6% |
| Income taxes | 67/77 | €5,952 | €5,039 | -€913 | -15.3% |
| Profit (loss) for the period | 9904 | €7,904 | €5,274 | -€2,630 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,904 | €5,274 | -€2,630 | -33.3% |
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 17 October 2026 via checked.be.