Lemeire: 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.
What changed
Lemeire
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€614,221
2024 · €392,740-€1.0m
Equity
€477,736
2024 · €1.1m-€614,221
Cash
€314,210
2024 · €362,825-€48,616
Balance sheet total
€8.1m
2024 · €7.2m+€847,293
Largest movements
Assets
- Tangible fixed assets +€769,522
up €769,522 (+13.3%), from €5.8m to €6.5m
of which Plant, machinery and equipment: +€602,564
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+23.4%), from €5.8m to €7.2m
- Reserves -€595,743
down €595,743 (-57.6%), from €1.0m to €438,022
of which Distributable reserves: -€595,743
Income statement
- Gross operating margin -€551,793
down €551,793 (-67.8%), from €813,333 to €261,540
- Depreciation +€332,515
up €332,515 (+243%), from €137,057 to €469,572
- Staff costs +€148,549
up €148,549 (+64.6%), from €229,777 to €378,326
- Other operating charges -€21,014
down €21,014 (-71.1%), from €29,554 to €8,540
- Taxes -€9,440
down €9,440 (-85.4%), from €11,057 to €1,617
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.
Result 2024
€392,740
Gross operating margin
-€551,793
Staff costs
-€148,549
Depreciation
-€332,515
Other operating charges
+€21,014
Financial income
-€486
Financial charges
-€4,071
Taxes
+€9,440
Result 2025
-€614,221
raises the resultlowers the result
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.
From operations
-€174,454
Investment
-€1.2m
Financing
+€1.4m
Cash 2024
€362,825
From operations (derived)
-€174,454
Net result for the year
-€614,221
Depreciation
+€469,572
Receivables after one year
+€12,500
Stocks and contracts
-€73,418
Receivables within one year
-€25,480
Deferred charges and accrued income
-€39,989
Trade debts
+€47,910
Tax, wage and social debts
+€12,961
Other debts
+€35,711
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€1.4m
Debts after one year
+€1.4m
Current portion of long-term debt
+€1,200
Cash 2025
€314,210
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,223,071 | €8,070,364 | +€847,293 | +11.7% |
| Fixed assets | 21/28 | €5,775,530 | €6,545,052 | +€769,522 | +13.3% |
| Tangible fixed assets | 22/27 | €5,775,380 | €6,544,902 | +€769,522 | +13.3% |
| Land and buildings | 22 | €1,842,226 | €2,059,649 | +€217,423 | +11.8% |
| Plant, machinery and equipment | 23 | €3,489,877 | €4,092,441 | +€602,564 | +17.3% |
| Furniture and vehicles | 24 | €443,277 | €392,811 | -€50,466 | -11.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,447,541 | €1,525,312 | +€77,771 | +5.4% |
| Amounts receivable after more than one year | 29 | €162,500 | €150,000 | -€12,500 | -7.7% |
| Trade receivables | 290 | €162,500 | €150,000 | -€12,500 | -7.7% |
| Stocks and contracts in progress | 3 | €757,122 | €830,541 | +€73,418 | +9.7% |
| Stocks | 30/36 | €727,501 | €810,541 | +€83,039 | +11.4% |
| Contracts in progress | 37 | €29,621 | €20,000 | -€9,621 | -32.5% |
| Amounts receivable within one year | 40/41 | €103,673 | €129,153 | +€25,480 | +24.6% |
| Trade receivables | 40 | €54,769 | €124,914 | +€70,145 | +128% |
| Other amounts receivable | 41 | €48,904 | €4,240 | -€44,665 | -91.3% |
| Cash at bank and in hand | 54/58 | €362,825 | €314,210 | -€48,616 | -13.4% |
| Deferred charges and accrued income | 490/1 | €61,420 | €101,408 | +€39,989 | +65.1% |
| Total equity and liabilities | 10/49 | €7,223,071 | €8,070,364 | +€847,293 | +11.7% |
| Equity | 10/15 | €1,091,957 | €477,736 | -€614,221 | -56.2% |
| Contributions | 10/11 | €58,193 | €58,193 | = | 0.0% |
| Reserves | 13 | €1,033,764 | €438,022 | -€595,743 | -57.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €996,264 | €400,522 | -€595,743 | -59.8% |
| Profit (loss) carried forward | 14 | - | -€18,479 | -€18,479 | |
| Amounts payable | 17/49 | €6,131,114 | €7,592,628 | +€1.5m | +23.8% |
| Amounts payable after more than one year | 17 | €5,828,069 | €7,191,800 | +€1.4m | +23.4% |
| Financial debts | 170/4 | €5,828,069 | €7,191,800 | +€1.4m | +23.4% |
| Amounts payable within one year | 42/48 | €303,044 | €400,827 | +€97,783 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €60,069 | €61,269 | +€1,200 | +2.0% |
| Trade debts | 44 | €138,504 | €186,414 | +€47,910 | +34.6% |
| Suppliers | 440/4 | €138,504 | €186,414 | +€47,910 | +34.6% |
| Taxes, remuneration and social security | 45 | €44,672 | €57,633 | +€12,961 | +29.0% |
| Taxes | 450/3 | €12,286 | €9,054 | -€3,231 | -26.3% |
| Remuneration and social security | 454/9 | €32,386 | €48,579 | +€16,192 | +50.0% |
| Other amounts payable | 47/48 | €59,800 | €95,511 | +€35,711 | +59.7% |
| Non-recurring operating income | 76A | €517,468 | €0 | -€517,468 | -100% |
| Remuneration, social security and pensions | 62 | €229,777 | €378,326 | +€148,549 | +64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,057 | €469,572 | +€332,515 | +243% |
| Other operating charges | 640/8 | €29,554 | €8,540 | -€21,014 | -71.1% |
| Gross operating margin | 9900 | €813,333 | €261,540 | -€551,793 | -67.8% |
| Operating profit (loss) | 9901 | €416,945 | -€594,898 | -€1.0m | |
| Financial income | 75/76B | €943 | €457 | -€486 | -51.5% |
| Recurring financial income | 75 | €943 | €457 | -€486 | -51.5% |
| Financial charges | 65/66B | €14,092 | €18,163 | +€4,071 | +28.9% |
| Recurring financial charges | 65 | €14,092 | €18,163 | +€4,071 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €403,797 | -€612,604 | -€1.0m | |
| Income taxes | 67/77 | €11,057 | €1,617 | -€9,440 | -85.4% |
| Profit (loss) for the period | 9904 | €392,740 | -€614,221 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €392,740 | -€614,221 | -€1.0m |
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 24 October 2026 via checked.be.