LEMEY: 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
LEMEY
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,065
2024 · €25,659-€595
Equity
€2.6m
2024 · €2.6m+€11,945
Cash
€136,571
2024 · €35,249+€101,322
Balance sheet total
€2.8m
2024 · €2.8m-€24,298
Largest movements
Assets
- Cash +€101,322
up €101,322 (+287.4%), from €35,249 to €136,571
mainly Depreciation (+€96,914) and Current investments (+€50,000)
- Tangible fixed assets -€74,489
down €74,489 (-3.7%), from €2.0m to €2.0m
of which Land and buildings: -€63,819
- Current investments -€50,000
down €50,000 (-7.0%), from €715,347 to €665,347
Equity and liabilities
- Other debts -€41,875
down €41,875 (-16.1%), from €259,521 to €217,646
Income statement
- Financial income -€5,563
down €5,563 (-26.2%), from €21,257 to €15,694
- Gross operating margin +€4,069
up €4,069 (+3.0%), from €137,490 to €141,558
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
€25,659
Gross operating margin
+€4,069
Depreciation
+€688
Other operating charges
-€504
Other operating items
-€166
Financial income
-€5,563
Financial charges
+€330
Taxes
+€552
Result 2025
€25,065
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.
From operations
+€86,867
Investment
+€27,575
Financing
-€13,120
Cash 2024
€35,249
From operations (derived)
+€86,867
Net result for the year
+€25,065
Depreciation
+€96,914
Smaller working-capital items
-€353
Deferred charges and accrued income
+€1,236
Provisions
-€1,544
Other debts
-€41,875
Accrued charges and deferred income
+€7,425
Investment (derived)
+€27,575
Investment in fixed assets (net)
-€22,425
Current investments
+€50,000
Financing
-€13,120
Contributions, distributions and other
-€13,120
Cash 2025
€136,571
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,839,308 | €2,815,010 | -€24,298 | -0.9% |
| Fixed assets | 21/28 | €2,027,844 | €1,953,356 | -€74,489 | -3.7% |
| Tangible fixed assets | 22/27 | €2,027,844 | €1,953,356 | -€74,489 | -3.7% |
| Land and buildings | 22 | €1,978,315 | €1,914,497 | -€63,819 | -3.2% |
| Plant, machinery and equipment | 23 | €2,014 | €2,144 | +€130 | +6.4% |
| Furniture and vehicles | 24 | €47,515 | €36,715 | -€10,800 | -22.7% |
| Current assets | 29/58 | €811,464 | €861,655 | +€50,191 | +6.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,835 | €5,940 | +€105 | +1.8% |
| Trade receivables | 40 | €3,688 | €2,866 | -€822 | -22.3% |
| Other amounts receivable | 41 | €2,146 | €3,074 | +€927 | +43.2% |
| Current investments | 50/53 | €715,347 | €665,347 | -€50,000 | -7.0% |
| Cash at bank and in hand | 54/58 | €35,249 | €136,571 | +€101,322 | +287.4% |
| Deferred charges and accrued income | 490/1 | €5,033 | €3,797 | -€1,236 | -24.6% |
| Total equity and liabilities | 10/49 | €2,839,308 | €2,815,010 | -€24,298 | -0.9% |
| Equity | 10/15 | €2,557,456 | €2,569,401 | +€11,945 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €43,596 | €43,596 | = | 0.0% |
| Reserves | 13 | €2,451,860 | €2,463,805 | +€11,945 | +0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,525 | €53,891 | -€4,633 | -7.9% |
| Distributable reserves | 133 | €2,387,136 | €2,403,714 | +€16,578 | +0.7% |
| Provisions and deferred taxes | 16 | €19,464 | €17,919 | -€1,544 | -7.9% |
| Deferred taxes | 168 | €19,464 | €17,919 | -€1,544 | -7.9% |
| Amounts payable | 17/49 | €262,388 | €227,690 | -€34,698 | -13.2% |
| Amounts payable within one year | 42/48 | €261,413 | €219,290 | -€42,123 | -16.1% |
| Trade debts | 44 | €1,291 | €1,144 | -€147 | -11.4% |
| Suppliers | 440/4 | €1,291 | €1,144 | -€147 | -11.4% |
| Taxes, remuneration and social security | 45 | €601 | €500 | -€101 | -16.8% |
| Taxes | 450/3 | €601 | €500 | -€101 | -16.8% |
| Other amounts payable | 47/48 | €259,521 | €217,646 | -€41,875 | -16.1% |
| Accrued charges and deferred income | 492/3 | €975 | €8,400 | +€7,425 | +761.5% |
| Non-recurring operating income | 76A | - | €875 | +€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,602 | €96,914 | -€688 | -0.7% |
| Other operating charges | 640/8 | €17,542 | €18,046 | +€504 | +2.9% |
| Non-recurring operating charges | 66A | - | €166 | +€166 | |
| Gross operating margin | 9900 | €137,490 | €141,558 | +€4,069 | +3.0% |
| Operating profit (loss) | 9901 | €22,346 | €26,432 | +€4,087 | +18.3% |
| Financial income | 75/76B | €21,257 | €15,694 | -€5,563 | -26.2% |
| Recurring financial income | 75 | €21,257 | €15,694 | -€5,563 | -26.2% |
| Financial charges | 65/66B | €407 | €77 | -€330 | -81.1% |
| Recurring financial charges | 65 | €407 | €77 | -€330 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €43,196 | €42,049 | -€1,147 | -2.7% |
| Transfer from deferred taxes | 780 | €1,544 | €1,544 | = | 0.0% |
| Income taxes | 67/77 | €19,081 | €18,529 | -€552 | -2.9% |
| Profit (loss) for the period | 9904 | €25,659 | €25,065 | -€595 | -2.3% |
| Transfer from tax-exempt reserves | 789 | €4,633 | €4,633 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,293 | €29,698 | -€595 | -2.0% |
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 10 October 2026 via checked.be.