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 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€165,239
2024 · €97,820+€67,419
Equity
€1.3m
2024 · €1.1m+€163,573
Cash
€142,293
2024 · €152,349-€10,056
Balance sheet total
€1.7m
2024 · €1.6m+€147,916
Largest movements
Assets
- Current investments +€252,074
up €252,074 (+100%), from €251,239 to €503,313
- Tangible fixed assets -€84,837
down €84,837 (-12.0%), from €706,521 to €621,684
Equity and liabilities
- Reserves +€163,573
up €163,573 (+79.5%), from €205,867 to €369,440
- Debts after one year -€62,458
down €62,458 (-23.4%), from €267,014 to €204,556
- Tax, wage and social debts +€38,360
up €38,360 (+257%), from €14,922 to €53,282
of which Taxes: +€37,360
Income statement
- Gross operating margin +€102,571
up €102,571 (+39.8%), from €257,566 to €360,137
- Turnover +€99,051
up €99,051 (+12.8%), from €773,420 to €872,471
- Taxes +€41,042
up €41,042 (+182%), from €22,568 to €63,610
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
€97,820
Gross operating margin
+€102,571
Depreciation
+€6,391
Other operating charges
-€871
Financial income
+€1,564
Financial charges
-€1,194
Taxes
-€41,042
Result 2025
€165,239
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
+€331,894
Investment
-€278,352
Financing
-€63,598
Cash 2024
€152,349
From operations (derived)
+€331,894
Net result for the year
+€165,239
Depreciation
+€111,115
Stocks and contracts
+€3,370
Receivables within one year
+€6,414
Deferred charges and accrued income
-€519
Trade debts
-€6,163
Tax, wage and social debts
+€38,360
Other debts
+€14,078
Investment (derived)
-€278,352
Investment in fixed assets (net)
-€26,278
Current investments
-€252,074
Financing
-€63,598
Debts after one year
-€62,458
Current portion of long-term debt
+€526
Contributions, distributions and other
-€1,666
Cash 2025
€142,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,550,352 | €1,698,268 | +€147,916 | +9.5% |
| Fixed assets | 21/28 | €706,521 | €621,684 | -€84,837 | -12.0% |
| Tangible fixed assets | 22/27 | €706,521 | €621,684 | -€84,837 | -12.0% |
| Land and buildings | 22 | €311,619 | €271,469 | -€40,150 | -12.9% |
| Plant, machinery and equipment | 23 | €211,301 | €188,864 | -€22,437 | -10.6% |
| Furniture and vehicles | 24 | €183,601 | €161,351 | -€22,250 | -12.1% |
| Current assets | 29/58 | €843,831 | €1,076,584 | +€232,753 | +27.6% |
| Stocks and contracts in progress | 3 | €357,540 | €354,170 | -€3,370 | -0.9% |
| Stocks | 30/36 | €357,540 | €354,170 | -€3,370 | -0.9% |
| Amounts receivable within one year | 40/41 | €82,449 | €76,035 | -€6,414 | -7.8% |
| Trade receivables | 40 | €82,421 | €70,793 | -€11,628 | -14.1% |
| Other amounts receivable | 41 | €28 | €5,242 | +€5,214 | +18,621% |
| Current investments | 50/53 | €251,239 | €503,313 | +€252,074 | +100% |
| Cash at bank and in hand | 54/58 | €152,349 | €142,293 | -€10,056 | -6.6% |
| Deferred charges and accrued income | 490/1 | €254 | €773 | +€519 | +204% |
| Total equity and liabilities | 10/49 | €1,550,352 | €1,698,268 | +€147,916 | +9.5% |
| Equity | 10/15 | €1,115,329 | €1,278,902 | +€163,573 | +14.7% |
| Contributions | 10/11 | €680,000 | €680,000 | = | 0.0% |
| Reserves | 13 | €205,867 | €369,440 | +€163,573 | +79.5% |
| Distributable reserves | 133 | €205,867 | €369,440 | +€163,573 | +79.5% |
| Profit (loss) carried forward | 14 | €229,462 | €229,462 | = | 0.0% |
| Amounts payable | 17/49 | €435,023 | €419,366 | -€15,657 | -3.6% |
| Amounts payable after more than one year | 17 | €267,014 | €204,556 | -€62,458 | -23.4% |
| Financial debts | 170/4 | €267,014 | €204,556 | -€62,458 | -23.4% |
| Amounts payable within one year | 42/48 | €168,009 | €214,810 | +€46,801 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €61,932 | €62,458 | +€526 | +0.8% |
| Trade debts | 44 | €57,190 | €51,027 | -€6,163 | -10.8% |
| Suppliers | 440/4 | €57,190 | €51,027 | -€6,163 | -10.8% |
| Taxes, remuneration and social security | 45 | €14,922 | €53,282 | +€38,360 | +257% |
| Taxes | 450/3 | €11,961 | €49,321 | +€37,360 | +312% |
| Remuneration and social security | 454/9 | €2,961 | €3,961 | +€1,000 | +33.8% |
| Other amounts payable | 47/48 | €33,965 | €48,043 | +€14,078 | +41.4% |
| Turnover | 70 | €773,420 | €872,471 | +€99,051 | +12.8% |
| Non-recurring operating income | 76A | €28,629 | €25,601 | -€3,028 | -10.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €544,483 | €537,935 | -€6,548 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,506 | €111,115 | -€6,391 | -5.4% |
| Other operating charges | 640/8 | €7,066 | €7,937 | +€871 | +12.3% |
| Gross operating margin | 9900 | €257,566 | €360,137 | +€102,571 | +39.8% |
| Operating profit (loss) | 9901 | €132,994 | €241,085 | +€108,091 | +81.3% |
| Financial income | 75/76B | €1,450 | €3,014 | +€1,564 | +108% |
| Recurring financial income | 75 | €1,450 | €3,014 | +€1,564 | +108% |
| Financial charges | 65/66B | €14,056 | €15,250 | +€1,194 | +8.5% |
| Recurring financial charges | 65 | €14,056 | €15,250 | +€1,194 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €120,388 | €228,849 | +€108,461 | +90.1% |
| Income taxes | 67/77 | €22,568 | €63,610 | +€41,042 | +182% |
| Profit (loss) for the period | 9904 | €97,820 | €165,239 | +€67,419 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,820 | €165,239 | +€67,419 | +68.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.