LEMCOOL: 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.
LEMCOOL
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Receivables within one year -€496,607
down €496,607 (-26.9%), from €1.8m to €1.4m
of which Trade receivables: -€364,500
- Stocks and contracts -€108,585
down €108,585 (-22.3%), from €486,413 to €377,828
- Cash +€83,297
up €83,297 (+32.8%), from €253,908 to €337,205
mainly Net result for the year (+€627,929) and Advances received (+€603,054)
- Trade debts -€842,820
down €842,820 (-64.9%), from €1.3m to €455,645
- Advances received +€603,054
new in 2025: €603,054
- Reserves +€176,502
up €176,502 (+31.3%), from €564,736 to €741,238
of which Tax-exempt reserves: +€89,000
- Other debts -€117,337
down €117,337 (-43.9%), from €267,337 to €150,000
- Profit (loss) carried forward +€101,427
up €101,427 (+51.0%), from €198,718 to €300,145
- Gross operating margin +€194,654
up €194,654 (+8.4%), from €2.3m to €2.5m
- Staff costs +€117,346
up €117,346 (+8.0%), from €1.5m to €1.6m
- Depreciation -€47,165
down €47,165 (-41.5%), from €113,750 to €66,584
- Write-downs -€38,618
down €38,618, from €6,009 to -€32,609
- Taxes +€29,652
up €29,652 (+14.9%), from €198,707 to €228,360
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 | €2,741,515 | €2,694,816 | -€46,699 | -1.7% |
| Fixed assets | 21/28 | €139,772 | €118,439 | -€21,333 | -15.3% |
| Intangible fixed assets | 21 | €12,590 | €6,914 | -€5,677 | -45.1% |
| Tangible fixed assets | 22/27 | €127,182 | €111,525 | -€15,656 | -12.3% |
| Plant, machinery and equipment | 23 | €8,614 | €8,120 | -€493 | -5.7% |
| Furniture and vehicles | 24 | €118,568 | €103,405 | -€15,163 | -12.8% |
| Current assets | 29/58 | €2,601,742 | €2,576,377 | -€25,366 | -1.0% |
| Stocks and contracts in progress | 3 | €486,413 | €377,828 | -€108,585 | -22.3% |
| Stocks | 30/36 | €486,413 | €377,828 | -€108,585 | -22.3% |
| Amounts receivable within one year | 40/41 | €1,846,969 | €1,350,362 | -€496,607 | -26.9% |
| Trade receivables | 40 | €1,691,529 | €1,327,029 | -€364,500 | -21.5% |
| Other amounts receivable | 41 | €155,440 | €23,333 | -€132,107 | -85.0% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €253,908 | €337,205 | +€83,297 | +32.8% |
| Deferred charges and accrued income | 490/1 | €14,452 | €10,982 | -€3,470 | -24.0% |
| Total equity and liabilities | 10/49 | €2,741,515 | €2,694,816 | -€46,699 | -1.7% |
| Equity | 10/15 | €976,588 | €1,254,518 | +€277,929 | +28.5% |
| Contributions | 10/11 | €213,135 | €213,135 | = | 0.0% |
| Capital | 10 | €213,135 | €213,135 | = | 0.0% |
| Issued capital | 100 | €213,135 | €213,135 | = | 0.0% |
| Reserves | 13 | €564,736 | €741,238 | +€176,502 | +31.3% |
| Non-distributable reserves | 130/1 | €56,500 | €56,500 | = | 0.0% |
| Legal reserve | 130 | €56,500 | €56,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €194,250 | +€89,000 | +84.6% |
| Distributable reserves | 133 | €402,986 | €490,488 | +€87,502 | +21.7% |
| Profit (loss) carried forward | 14 | €198,718 | €300,145 | +€101,427 | +51.0% |
| Amounts payable | 17/49 | €1,764,926 | €1,440,298 | -€324,628 | -18.4% |
| Amounts payable within one year | 42/48 | €1,698,541 | €1,325,967 | -€372,574 | -21.9% |
| Trade debts | 44 | €1,298,465 | €455,645 | -€842,820 | -64.9% |
| Suppliers | 440/4 | €1,298,465 | €455,645 | -€842,820 | -64.9% |
| Advances received on contracts in progress | 46 | - | €603,054 | +€603,054 | |
| Taxes, remuneration and social security | 45 | €132,738 | €117,268 | -€15,470 | -11.7% |
| Taxes | 450/3 | €42,011 | €22,196 | -€19,816 | -47.2% |
| Remuneration and social security | 454/9 | €90,727 | €95,072 | +€4,345 | +4.8% |
| Other amounts payable | 47/48 | €267,337 | €150,000 | -€117,337 | -43.9% |
| Accrued charges and deferred income | 492/3 | €66,385 | €114,331 | +€47,946 | +72.2% |
| Remuneration, social security and pensions | 62 | €1,466,635 | €1,583,981 | +€117,346 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,750 | €66,584 | -€47,165 | -41.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,009 | -€32,609 | -€38,618 | |
| Other operating charges | 640/8 | €36,509 | €32,695 | -€3,814 | -10.4% |
| Gross operating margin | 9900 | €2,305,337 | €2,499,991 | +€194,654 | +8.4% |
| Operating profit (loss) | 9901 | €682,434 | €849,340 | +€166,906 | +24.5% |
| Financial income | 75/76B | €23,766 | €19,786 | -€3,980 | -16.7% |
| Recurring financial income | 75 | €23,766 | €16,605 | -€7,161 | -30.1% |
| Non-recurring financial income | 76B | - | €3,180 | +€3,180 | |
| Financial charges | 65/66B | €10,867 | €12,837 | +€1,970 | +18.1% |
| Recurring financial charges | 65 | €10,867 | €12,837 | +€1,970 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €695,333 | €856,289 | +€160,956 | +23.1% |
| Transfer from deferred taxes | 780 | €38,220 | - | -€38,220 | |
| Income taxes | 67/77 | €198,707 | €228,360 | +€29,652 | +14.9% |
| Profit (loss) for the period | 9904 | €534,846 | €627,929 | +€93,083 | +17.4% |
| Transfer from tax-exempt reserves | 789 | €5,299 | - | -€5,299 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €89,000 | -€16,250 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €434,895 | €538,929 | +€104,034 | +23.9% |
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 2 October 2026 via checked.be.