LEMDI: 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.
LEMDI
Largest movements
- Tangible fixed assets -€17,253
down €17,253 (-4.2%), from €413,712 to €396,460
- Debts after one year -€34,013
down €34,013 (-12.9%), from €264,401 to €230,389
- Other debts +€14,960
up €14,960 (+21.5%), from €69,430 to €84,390
- Gross operating margin -€4,033
down €4,033 (-10.1%), from €39,977 to €35,943
- Taxes -€891
down €891 (-52.5%), from €1,696 to €805
- Financial charges -€770
down €770 (-10.4%), from €7,412 to €6,642
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 | €413,981 | €398,569 | -€15,411 | -3.7% |
| Fixed assets | 21/28 | €413,712 | €396,460 | -€17,253 | -4.2% |
| Tangible fixed assets | 22/27 | €413,712 | €396,460 | -€17,253 | -4.2% |
| Land and buildings | 22 | €413,712 | €396,460 | -€17,253 | -4.2% |
| Current assets | 29/58 | €268 | €2,110 | +€1,841 | +686.6% |
| Cash at bank and in hand | 54/58 | €268 | €2,110 | +€1,841 | +686.6% |
| Total equity and liabilities | 10/49 | €413,981 | €398,569 | -€15,411 | -3.7% |
| Equity | 10/15 | €46,762 | €48,973 | +€2,211 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,162 | €30,373 | +€2,211 | +7.9% |
| Amounts payable | 17/49 | €367,219 | €349,596 | -€17,622 | -4.8% |
| Amounts payable after more than one year | 17 | €264,401 | €230,389 | -€34,013 | -12.9% |
| Financial debts | 170/4 | €264,401 | €230,389 | -€34,013 | -12.9% |
| Amounts payable within one year | 42/48 | €102,817 | €119,208 | +€16,390 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €33,192 | €34,013 | +€821 | +2.5% |
| Taxes, remuneration and social security | 45 | €196 | €805 | +€609 | +311.0% |
| Taxes | 450/3 | €196 | €805 | +€609 | +311.0% |
| Other amounts payable | 47/48 | €69,430 | €84,390 | +€14,960 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,253 | €17,253 | = | 0.0% |
| Other operating charges | 640/8 | €8,758 | €9,033 | +€274 | +3.1% |
| Gross operating margin | 9900 | €39,977 | €35,943 | -€4,033 | -10.1% |
| Operating profit (loss) | 9901 | €13,966 | €9,658 | -€4,308 | -30.8% |
| Financial charges | 65/66B | €7,412 | €6,642 | -€770 | -10.4% |
| Recurring financial charges | 65 | €7,412 | €6,642 | -€770 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €6,554 | €3,016 | -€3,537 | -54.0% |
| Income taxes | 67/77 | €1,696 | €805 | -€891 | -52.5% |
| Profit (loss) for the period | 9904 | €4,858 | €2,211 | -€2,647 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,858 | €2,211 | -€2,647 | -54.5% |
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 3 October 2026 via checked.be.