LEMERCINIER-WAGNER: 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.
LEMERCINIER-WAGNER
Largest movements
- Tangible fixed assets +€3,226
up €3,226 (+80.1%), from €4,028 to €7,254
of which Other tangible fixed assets: +€3,226
- Receivables within one year +€658
up €658 (+84.2%), from €782 to €1,440
of which Other amounts receivable: +€381
- Cash -€512
down €512 (-44.3%), from €1,154 to €642
mainly Other debts (-€70,540) and Investment in fixed assets (net) (-€5,333)
- Other debts -€70,540
down €70,540 (-100%), from €70,540 to €0
- Debts after one year +€59,865
new in 2025: €59,865
- Profit (loss) carried forward +€11,835
up €11,835 (+17.6%), from -€67,065 to -€55,230
- Tax, wage and social debts +€1,540
up €1,540 (+98.4%), from €1,566 to €3,106
- Trade debts +€675
up €675 (+2,391%), from €28 to €703
- Gross operating margin +€25,791
up €25,791, from -€5,903 to €19,889
- Other operating charges +€2,311
up €2,311 (+270%), from €855 to €3,166
- Taxes +€2,226
up €2,226 (+506%), from €440 to €2,666
- Depreciation +€338
up €338 (+19.1%), from €1,769 to €2,108
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,069 | €9,443 | +€3,374 | +55.6% |
| Fixed assets | 21/28 | €4,028 | €7,254 | +€3,226 | +80.1% |
| Tangible fixed assets | 22/27 | €4,028 | €7,254 | +€3,226 | +80.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €4,028 | €7,254 | +€3,226 | +80.1% |
| Current assets | 29/58 | €2,041 | €2,189 | +€149 | +7.3% |
| Amounts receivable within one year | 40/41 | €782 | €1,440 | +€658 | +84.2% |
| Trade receivables | 40 | €766 | €1,043 | +€278 | +36.2% |
| Other amounts receivable | 41 | €16 | €397 | +€381 | +2,363% |
| Cash at bank and in hand | 54/58 | €1,154 | €642 | -€512 | -44.3% |
| Deferred charges and accrued income | 490/1 | €105 | €107 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €6,069 | €9,443 | +€3,374 | +55.6% |
| Equity | 10/15 | -€66,065 | -€54,230 | +€11,835 | +17.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,065 | -€55,230 | +€11,835 | +17.6% |
| Amounts payable | 17/49 | €72,134 | €63,673 | -€8,460 | -11.7% |
| Amounts payable after more than one year | 17 | - | €59,865 | +€59,865 | |
| Other amounts payable | 178/9 | - | €59,865 | +€59,865 | |
| Amounts payable within one year | 42/48 | €72,134 | €3,809 | -€68,325 | -94.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €28 | €703 | +€675 | +2,391% |
| Suppliers | 440/4 | €28 | €703 | +€675 | +2,391% |
| Taxes, remuneration and social security | 45 | €1,566 | €3,106 | +€1,540 | +98.4% |
| Taxes | 450/3 | €1,566 | €3,106 | +€1,540 | +98.4% |
| Other amounts payable | 47/48 | €70,540 | €0 | -€70,540 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €2,108 | +€338 | +19.1% |
| Other operating charges | 640/8 | €855 | €3,166 | +€2,311 | +270% |
| Gross operating margin | 9900 | -€5,903 | €19,889 | +€25,791 | |
| Operating profit (loss) | 9901 | -€8,527 | €14,615 | +€23,142 | |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €159 | €156 | -€3 | -1.6% |
| Recurring financial charges | 65 | €159 | €156 | -€3 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,686 | €14,501 | +€23,187 | |
| Income taxes | 67/77 | €440 | €2,666 | +€2,226 | +506% |
| Profit (loss) for the period | 9904 | -€9,126 | €11,835 | +€20,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,126 | €11,835 | +€20,960 |
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.