LEMARC: 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.
What changed
LEMARC
NACE 47.120, Other non-specialised retail sale
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€72,753
2024 · -€113,722+€40,970
Equity
€138,340
2024 · €211,092-€72,753
Cash
€166,436
2024 · €325,239-€158,804
Balance sheet total
€2.0m
2024 · €2.3m-€364,654
Largest movements
Assets
- Cash -€158,804
down €158,804 (-48.8%), from €325,239 to €166,436
mainly Trade debts (-€147,647) and Debts after one year (-€131,018)
- Tangible fixed assets -€148,558
down €148,558 (-11.2%), from €1.3m to €1.2m
of which Land and buildings: -€112,420
- Stocks and contracts -€46,511
down €46,511 (-10.0%), from €465,754 to €419,244
Equity and liabilities
- Trade debts -€147,647
down €147,647 (-15.9%), from €931,163 to €783,516
- Debts after one year -€131,018
down €131,018 (-14.7%), from €893,292 to €762,275
- Profit (loss) carried forward -€72,753
down €72,753 (-472.2%), from -€15,408 to -€88,160
Income statement
- Staff costs -€29,085
down €29,085 (-2.9%), from €998,001 to €968,916
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.
Result 2024
-€113,722
Gross operating margin
+€3,238
Staff costs
+€29,085
Depreciation
-€1,648
Other operating charges
+€1,980
Financial income
+€2,845
Financial charges
+€5,276
Taxes
+€193
Result 2025
-€72,753
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.
From operations
-€25,751
Investment
-€1,185
Financing
-€131,868
Cash 2024
€325,239
From operations (derived)
-€25,751
Net result for the year
-€72,753
Depreciation
+€149,743
Stocks and contracts
+€46,511
Receivables within one year
+€23,127
Deferred charges and accrued income
-€12,345
Trade debts
-€147,647
Tax, wage and social debts
-€13,150
Other debts
+€763
Investment (derived)
-€1,185
Investment in fixed assets (net)
-€1,185
Financing
-€131,868
Debts after one year
-€131,018
Current portion of long-term debt
-€850
Cash 2025
€166,436
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,345,097 | €1,980,443 | -€364,654 | -15.5% |
| Fixed assets | 21/28 | €1,331,183 | €1,182,625 | -€148,558 | -11.2% |
| Tangible fixed assets | 22/27 | €1,326,473 | €1,177,915 | -€148,558 | -11.2% |
| Land and buildings | 22 | €1,093,227 | €980,807 | -€112,420 | -10.3% |
| Plant, machinery and equipment | 23 | €229,937 | €194,224 | -€35,713 | -15.5% |
| Furniture and vehicles | 24 | €3,308 | €2,884 | -€424 | -12.8% |
| Financial fixed assets | 28 | €4,710 | €4,710 | = | 0.0% |
| Current assets | 29/58 | €1,013,915 | €797,818 | -€216,097 | -21.3% |
| Stocks and contracts in progress | 3 | €465,754 | €419,244 | -€46,511 | -10.0% |
| Stocks | 30/36 | €465,754 | €419,244 | -€46,511 | -10.0% |
| Amounts receivable within one year | 40/41 | €222,921 | €199,794 | -€23,127 | -10.4% |
| Trade receivables | 40 | €189,907 | €173,288 | -€16,619 | -8.8% |
| Other amounts receivable | 41 | €33,014 | €26,505 | -€6,509 | -19.7% |
| Cash at bank and in hand | 54/58 | €325,239 | €166,436 | -€158,804 | -48.8% |
| Deferred charges and accrued income | 490/1 | - | €12,345 | +€12,345 | |
| Total equity and liabilities | 10/49 | €2,345,097 | €1,980,443 | -€364,654 | -15.5% |
| Equity | 10/15 | €211,092 | €138,340 | -€72,753 | -34.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €161,500 | €161,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,408 | -€88,160 | -€72,753 | -472.2% |
| Amounts payable | 17/49 | €2,134,005 | €1,842,104 | -€291,901 | -13.7% |
| Amounts payable after more than one year | 17 | €893,292 | €762,275 | -€131,018 | -14.7% |
| Financial debts | 170/4 | €893,292 | €762,275 | -€131,018 | -14.7% |
| Amounts payable within one year | 42/48 | €1,240,713 | €1,079,829 | -€160,884 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €150,047 | €149,197 | -€850 | -0.6% |
| Trade debts | 44 | €931,163 | €783,516 | -€147,647 | -15.9% |
| Suppliers | 440/4 | €931,163 | €783,516 | -€147,647 | -15.9% |
| Taxes, remuneration and social security | 45 | €157,387 | €144,238 | -€13,150 | -8.4% |
| Taxes | 450/3 | €4,222 | €8,992 | +€4,770 | +113.0% |
| Remuneration and social security | 454/9 | €153,165 | €135,245 | -€17,920 | -11.7% |
| Other amounts payable | 47/48 | €2,115 | €2,879 | +€763 | +36.1% |
| Remuneration, social security and pensions | 62 | €998,001 | €968,916 | -€29,085 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,095 | €149,743 | +€1,648 | +1.1% |
| Other operating charges | 640/8 | €9,541 | €7,561 | -€1,980 | -20.8% |
| Gross operating margin | 9900 | €1,067,858 | €1,071,096 | +€3,238 | +0.3% |
| Operating profit (loss) | 9901 | -€87,778 | -€55,123 | +€32,655 | +37.2% |
| Financial income | 75/76B | €1,417 | €4,262 | +€2,845 | +200.8% |
| Recurring financial income | 75 | €1,417 | €4,262 | +€2,845 | +200.8% |
| Financial charges | 65/66B | €26,954 | €21,678 | -€5,276 | -19.6% |
| Recurring financial charges | 65 | €26,954 | €21,678 | -€5,276 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€113,315 | -€72,539 | +€40,776 | +36.0% |
| Income taxes | 67/77 | €407 | €214 | -€193 | -47.5% |
| Profit (loss) for the period | 9904 | -€113,722 | -€72,753 | +€40,970 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,722 | -€72,753 | +€40,970 | +36.0% |
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 11 October 2026 via checked.be.