LEMCO: 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.
LEMCO
Largest movements
- Receivables within one year -€18,507
down €18,507 (-15.1%), from €122,482 to €103,975
of which Trade receivables: -€21,820
- Cash -€5,759
down €5,759 (-5.3%), from €109,169 to €103,410
mainly Net result for the year (-€15,120) and Trade debts (-€7,557)
- Tangible fixed assets -€3,022
down €3,022 (-11.1%), from €27,337 to €24,315
of which Land and buildings: -€2,464
- Profit (loss) carried forward -€15,120
down €15,120 (-8.4%), from €179,852 to €164,733
- Trade debts -€7,557
down €7,557 (-44.0%), from €17,161 to €9,604
- Tax, wage and social debts -€4,096
down €4,096 (-35.4%), from €11,560 to €7,464
- Gross operating margin -€29,742
down €29,742 (-30.6%), from €97,315 to €67,573
- Staff costs +€6,850
up €6,850 (+10.0%), from €68,539 to €75,389
- Taxes +€5,000
no longer reported in 2025 (was -€5,000)
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 | €289,433 | €262,067 | -€27,366 | -9.5% |
| Fixed assets | 21/28 | €27,337 | €24,315 | -€3,022 | -11.1% |
| Tangible fixed assets | 22/27 | €27,337 | €24,315 | -€3,022 | -11.1% |
| Land and buildings | 22 | €25,008 | €22,544 | -€2,464 | -9.9% |
| Plant, machinery and equipment | 23 | €2,329 | €1,771 | -€558 | -24.0% |
| Current assets | 29/58 | €262,096 | €237,752 | -€24,344 | -9.3% |
| Stocks and contracts in progress | 3 | €29,361 | €28,676 | -€685 | -2.3% |
| Stocks | 30/36 | €29,361 | €28,676 | -€685 | -2.3% |
| Amounts receivable within one year | 40/41 | €122,482 | €103,975 | -€18,507 | -15.1% |
| Trade receivables | 40 | €30,560 | €8,740 | -€21,820 | -71.4% |
| Other amounts receivable | 41 | €91,922 | €95,235 | +€3,313 | +3.6% |
| Cash at bank and in hand | 54/58 | €109,169 | €103,410 | -€5,759 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,085 | €1,691 | +€606 | +55.9% |
| Total equity and liabilities | 10/49 | €289,433 | €262,067 | -€27,366 | -9.5% |
| Equity | 10/15 | €247,652 | €232,533 | -€15,120 | -6.1% |
| Contributions | 10/11 | €61,550 | €61,550 | = | 0.0% |
| Capital | 10 | €61,550 | €61,550 | = | 0.0% |
| Issued capital | 100 | €61,550 | €61,550 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,852 | €164,733 | -€15,120 | -8.4% |
| Amounts payable | 17/49 | €41,781 | €29,534 | -€12,246 | -29.3% |
| Amounts payable after more than one year | 17 | €9,850 | €9,850 | = | 0.0% |
| Financial debts | 170/4 | €7,437 | €7,437 | = | 0.0% |
| Other amounts payable | 178/9 | €2,413 | €2,413 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,931 | €19,684 | -€12,246 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €1,005 | - | -€1,005 | |
| Financial debts | 43 | - | €1,254 | +€1,254 | |
| Credit institutions | 430/8 | - | €1,254 | +€1,254 | |
| Trade debts | 44 | €17,161 | €9,604 | -€7,557 | -44.0% |
| Suppliers | 440/4 | €17,161 | €9,604 | -€7,557 | -44.0% |
| Taxes, remuneration and social security | 45 | €11,560 | €7,464 | -€4,096 | -35.4% |
| Remuneration and social security | 454/9 | €11,560 | €7,464 | -€4,096 | -35.4% |
| Other amounts payable | 47/48 | €2,205 | €1,363 | -€843 | -38.2% |
| Remuneration, social security and pensions | 62 | €68,539 | €75,389 | +€6,850 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,925 | €3,022 | +€97 | +3.3% |
| Other operating charges | 640/8 | €4,214 | €3,763 | -€452 | -10.7% |
| Gross operating margin | 9900 | €97,315 | €67,573 | -€29,742 | -30.6% |
| Operating profit (loss) | 9901 | €21,636 | -€14,601 | -€36,237 | |
| Financial income | 75/76B | €30 | €4 | -€26 | -86.1% |
| Recurring financial income | 75 | €30 | €4 | -€26 | -86.1% |
| Financial charges | 65/66B | €519 | €523 | +€4 | +0.7% |
| Recurring financial charges | 65 | €519 | €523 | +€4 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €21,147 | -€15,120 | -€36,267 | |
| Income taxes | 67/77 | -€5,000 | - | +€5,000 | |
| Profit (loss) for the period | 9904 | €26,147 | -€15,120 | -€41,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,147 | -€15,120 | -€41,267 |
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 18 October 2026 via checked.be.