LEMCA VISION: 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.
LEMCA VISION
Largest movements
- Receivables within one year +€30,166
up €30,166 (+262.5%), from €11,491 to €41,656
of which Trade receivables: +€32,649
- Stocks and contracts -€5,992
down €5,992 (-28.3%), from €21,199 to €15,206
- Cash -€2,816
down €2,816 (-5.0%), from €56,320 to €53,504
mainly Receivables within one year (-€30,166) and Contributions, distributions and other (-€28,571)
- Tangible fixed assets -€1,289
down €1,289 (-8.0%), from €16,094 to €14,804
of which Furniture and vehicles: -€652
- Profit (loss) carried forward +€12,666
up €12,666 (+16.6%), from €76,282 to €88,948
- Provisions +€10,503
up €10,503 (+112.0%), from €9,375 to €19,878
- Trade debts -€3,209
down €3,209 (-36.5%), from €8,783 to €5,574
- Gross operating margin +€10,997
up €10,997 (+17.5%), from €62,785 to €73,782
- Provisions +€9,753
up €9,753 (+1300.5%), from €750 to €10,503
- Taxes +€2,151
up €2,151 (+19.6%), from €11,002 to €13,153
- Depreciation +€1,535
up €1,535 (+24.3%), from €6,309 to €7,844
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 | €105,103 | €125,171 | +€20,068 | +19.1% |
| Fixed assets | 21/28 | €16,094 | €14,804 | -€1,289 | -8.0% |
| Tangible fixed assets | 22/27 | €16,094 | €14,804 | -€1,289 | -8.0% |
| Plant, machinery and equipment | 23 | €14,744 | €14,107 | -€637 | -4.3% |
| Furniture and vehicles | 24 | €1,349 | €697 | -€652 | -48.3% |
| Current assets | 29/58 | €89,009 | €110,367 | +€21,358 | +24.0% |
| Stocks and contracts in progress | 3 | €21,199 | €15,206 | -€5,992 | -28.3% |
| Stocks | 30/36 | €21,199 | €15,206 | -€5,992 | -28.3% |
| Amounts receivable within one year | 40/41 | €11,491 | €41,656 | +€30,166 | +262.5% |
| Trade receivables | 40 | €200 | €32,849 | +€32,649 | +16324.6% |
| Other amounts receivable | 41 | €11,291 | €8,807 | -€2,484 | -22.0% |
| Cash at bank and in hand | 54/58 | €56,320 | €53,504 | -€2,816 | -5.0% |
| Total equity and liabilities | 10/49 | €105,103 | €125,171 | +€20,068 | +19.1% |
| Equity | 10/15 | €86,282 | €98,948 | +€12,666 | +14.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,282 | €88,948 | +€12,666 | +16.6% |
| Provisions and deferred taxes | 16 | €9,375 | €19,878 | +€10,503 | +112.0% |
| Provisions for liabilities and charges | 160/5 | €9,375 | €19,878 | +€10,503 | +112.0% |
| Other liabilities and charges | 164/5 | €9,375 | €19,878 | +€10,503 | +112.0% |
| Amounts payable | 17/49 | €9,446 | €6,344 | -€3,102 | -32.8% |
| Amounts payable within one year | 42/48 | €9,446 | €6,344 | -€3,102 | -32.8% |
| Financial debts | 43 | €663 | €771 | +€107 | +16.2% |
| Credit institutions | 430/8 | €663 | €771 | +€107 | +16.2% |
| Trade debts | 44 | €8,783 | €5,574 | -€3,209 | -36.5% |
| Suppliers | 440/4 | €8,783 | €5,574 | -€3,209 | -36.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,309 | €7,844 | +€1,535 | +24.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €750 | €10,503 | +€9,753 | +1300.5% |
| Other operating charges | 640/8 | €976 | €551 | -€425 | -43.6% |
| Gross operating margin | 9900 | €62,785 | €73,782 | +€10,997 | +17.5% |
| Operating profit (loss) | 9901 | €54,750 | €54,884 | +€134 | +0.2% |
| Financial income | 75/76B | €0 | €84 | +€84 | +837300.0% |
| Recurring financial income | 75 | €0 | €84 | +€84 | +837300.0% |
| Financial charges | 65/66B | €460 | €576 | +€116 | +25.3% |
| Recurring financial charges | 65 | €460 | €576 | +€116 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €54,289 | €54,391 | +€102 | +0.2% |
| Income taxes | 67/77 | €11,002 | €13,153 | +€2,151 | +19.6% |
| Profit (loss) for the period | 9904 | €43,287 | €41,238 | -€2,050 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,287 | €41,238 | -€2,050 | -4.7% |
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 5 October 2026 via checked.be.