LEMCO: what changed
What changed
LEMCO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€43,738
2024 · €32,726+€11,012
Equity
€209,042
2024 · €222,905-€13,863
Cash
€6,287
2024 · €15,692-€9,405
Balance sheet total
€291,780
2024 · €316,136-€24,356
Largest movements
Assets
- Tangible fixed assets -€15,414
down €15,414 (-5.3%), from €291,861 to €276,447
of which Land and buildings: -€13,850
- Cash -€9,405
down €9,405 (-59.9%), from €15,692 to €6,287
mainly Contributions, distributions and other (-€57,601) and Trade debts (-€9,945)
Equity and liabilities
- Reserves -€13,863
down €13,863 (-6.3%), from €220,721 to €206,858
- Trade debts -€9,945
down €9,945 (-71.9%), from €13,840 to €3,895
- Debts after one year -€6,000
down €6,000 (-10.7%), from €56,000 to €50,000
- Accrued charges and deferred income +€3,752
new in 2025: €3,752
Income statement
- Gross operating margin +€13,623
up €13,623 (+17.4%), from €78,442 to €92,066
- Taxes +€6,063
up €6,063 (+53.8%), from €11,277 to €17,340
- Financial charges -€2,832
down €2,832 (-39.4%), from €7,188 to €4,356
- Depreciation -€968
down €968 (-4.9%), from €19,742 to €18,774
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,726
Gross operating margin
+€13,623
Staff costs
-€57
Depreciation
+€968
Other operating charges
-€843
Other operating items
+€677
Financial income
-€125
Financial charges
+€2,832
Taxes
-€6,063
Result 2025
€43,738
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€57,557
Investment
-€3,360
Financing
-€63,601
Cash 2024
€15,692
From operations (derived)
+€57,557
Net result for the year
+€43,738
Depreciation
+€18,774
Receivables within one year
-€256
Deferred charges and accrued income
-€206
Trade debts
-€9,945
Tax, wage and social debts
+€1,402
Other debts
+€297
Accrued charges and deferred income
+€3,752
Investment (derived)
-€3,360
Investment in fixed assets (net)
-€3,360
Financing
-€63,601
Debts after one year
-€6,000
Contributions, distributions and other
-€57,601
Cash 2025
€6,287
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,136 | €291,780 | -€24,356 | -7.7% |
| Fixed assets | 21/28 | €291,861 | €276,447 | -€15,414 | -5.3% |
| Tangible fixed assets | 22/27 | €291,861 | €276,447 | -€15,414 | -5.3% |
| Land and buildings | 22 | €288,293 | €274,444 | -€13,850 | -4.8% |
| Furniture and vehicles | 24 | €3,568 | €2,004 | -€1,564 | -43.8% |
| Current assets | 29/58 | €24,275 | €15,332 | -€8,942 | -36.8% |
| Amounts receivable within one year | 40/41 | €6,028 | €6,285 | +€256 | +4.3% |
| Trade receivables | 40 | €4,601 | €5,568 | +€966 | +21.0% |
| Other amounts receivable | 41 | €1,427 | €717 | -€710 | -49.8% |
| Cash at bank and in hand | 54/58 | €15,692 | €6,287 | -€9,405 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,554 | €2,760 | +€206 | +8.1% |
| Total equity and liabilities | 10/49 | €316,136 | €291,780 | -€24,356 | -7.7% |
| Equity | 10/15 | €222,905 | €209,042 | -€13,863 | -6.2% |
| Contributions | 10/11 | €2,184 | €2,184 | = | 0.0% |
| Reserves | 13 | €220,721 | €206,858 | -€13,863 | -6.3% |
| Distributable reserves | 133 | €220,721 | €206,858 | -€13,863 | -6.3% |
| Amounts payable | 17/49 | €93,231 | €82,738 | -€10,493 | -11.3% |
| Amounts payable after more than one year | 17 | €56,000 | €50,000 | -€6,000 | -10.7% |
| Financial debts | 170/4 | €56,000 | €50,000 | -€6,000 | -10.7% |
| Amounts payable within one year | 42/48 | €37,231 | €28,986 | -€8,245 | -22.1% |
| Trade debts | 44 | €13,840 | €3,895 | -€9,945 | -71.9% |
| Suppliers | 440/4 | €13,840 | €3,895 | -€9,945 | -71.9% |
| Taxes, remuneration and social security | 45 | €10,874 | €12,275 | +€1,402 | +12.9% |
| Taxes | 450/3 | €10,874 | €12,275 | +€1,402 | +12.9% |
| Other amounts payable | 47/48 | €12,518 | €12,816 | +€297 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €3,752 | +€3,752 | |
| Remuneration, social security and pensions | 62 | -€57 | - | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,742 | €18,774 | -€968 | -4.9% |
| Other operating charges | 640/8 | €7,015 | €7,858 | +€843 | +12.0% |
| Non-recurring operating charges | 66A | €677 | - | -€677 | |
| Gross operating margin | 9900 | €78,442 | €92,066 | +€13,623 | +17.4% |
| Operating profit (loss) | 9901 | €51,065 | €65,433 | +€14,368 | +28.1% |
| Financial income | 75/76B | €125 | €0 | -€125 | -99.9% |
| Recurring financial income | 75 | €125 | €0 | -€125 | -99.9% |
| Financial charges | 65/66B | €7,188 | €4,356 | -€2,832 | -39.4% |
| Recurring financial charges | 65 | €7,188 | €4,356 | -€2,832 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €44,003 | €61,078 | +€17,075 | +38.8% |
| Income taxes | 67/77 | €11,277 | €17,340 | +€6,063 | +53.8% |
| Profit (loss) for the period | 9904 | €32,726 | €43,738 | +€11,012 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,726 | €43,738 | +€11,012 | +33.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.