LEMEY TOM: 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.
LEMEY TOM
Largest movements
- Receivables within one year +€33,637
up €33,637 (+80.7%), from €41,705 to €75,342
of which Trade receivables: +€24,788
- Cash +€16,466
up €16,466 (+11.0%), from €149,233 to €165,700
mainly Net result for the year (+€73,438) and Depreciation (+€26,975)
- Reserves +€75,000
up €75,000 (+32.3%), from €231,860 to €306,860
of which Distributable reserves: +€75,000
- Trade debts -€13,382
down €13,382 (-25.9%), from €51,746 to €38,365
- Other debts -€10,744
no longer reported in 2025 (was €10,744)
- Staff costs +€42,629
new in 2025: €42,629
- Taxes -€10,404
down €10,404 (-34.4%), from €30,255 to €19,851
- Depreciation +€8,006
up €8,006 (+42.2%), from €18,969 to €26,975
- Other operating charges +€5,699
up €5,699 (+179%), from €3,188 to €8,888
- Financial income +€5,302
up €5,302 (+735%), from €722 to €6,023
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 | €412,877 | €470,075 | +€57,198 | +13.9% |
| Fixed assets | 21/28 | €122,408 | €125,638 | +€3,230 | +2.6% |
| Tangible fixed assets | 22/27 | €122,408 | €125,638 | +€3,230 | +2.6% |
| Land and buildings | 22 | €61,053 | €54,948 | -€6,105 | -10.0% |
| Plant, machinery and equipment | 23 | €10,057 | €27,104 | +€17,046 | +169% |
| Furniture and vehicles | 24 | €51,298 | €43,587 | -€7,711 | -15.0% |
| Current assets | 29/58 | €290,469 | €344,437 | +€53,968 | +18.6% |
| Stocks and contracts in progress | 3 | €99,531 | €100,000 | +€469 | +0.5% |
| Stocks | 30/36 | €99,531 | €100,000 | +€469 | +0.5% |
| Amounts receivable within one year | 40/41 | €41,705 | €75,342 | +€33,637 | +80.7% |
| Trade receivables | 40 | €41,342 | €66,130 | +€24,788 | +60.0% |
| Other amounts receivable | 41 | €362 | €9,211 | +€8,849 | +2,443% |
| Cash at bank and in hand | 54/58 | €149,233 | €165,700 | +€16,466 | +11.0% |
| Deferred charges and accrued income | 490/1 | - | €3,395 | +€3,395 | |
| Total equity and liabilities | 10/49 | €412,877 | €470,075 | +€57,198 | +13.9% |
| Equity | 10/15 | €254,439 | €327,877 | +€73,438 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,860 | €306,860 | +€75,000 | +32.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €305,000 | +€75,000 | +32.6% |
| Profit (loss) carried forward | 14 | €3,979 | €2,417 | -€1,562 | -39.3% |
| Amounts payable | 17/49 | €158,438 | €142,198 | -€16,240 | -10.3% |
| Amounts payable after more than one year | 17 | €68,960 | €71,263 | +€2,303 | +3.3% |
| Financial debts | 170/4 | €68,960 | €71,263 | +€2,303 | +3.3% |
| Amounts payable within one year | 42/48 | €89,478 | €70,935 | -€18,543 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €22,236 | €26,547 | +€4,311 | +19.4% |
| Trade debts | 44 | €51,746 | €38,365 | -€13,382 | -25.9% |
| Suppliers | 440/4 | €51,746 | €38,365 | -€13,382 | -25.9% |
| Taxes, remuneration and social security | 45 | €4,751 | €6,023 | +€1,272 | +26.8% |
| Taxes | 450/3 | €4,751 | €2,500 | -€2,251 | -47.4% |
| Remuneration and social security | 454/9 | - | €3,523 | +€3,523 | |
| Other amounts payable | 47/48 | €10,744 | - | -€10,744 | |
| Remuneration, social security and pensions | 62 | - | €42,629 | +€42,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,969 | €26,975 | +€8,006 | +42.2% |
| Other operating charges | 640/8 | €3,188 | €8,888 | +€5,699 | +179% |
| Gross operating margin | 9900 | €174,116 | €175,828 | +€1,712 | +1.0% |
| Operating profit (loss) | 9901 | €151,959 | €97,336 | -€54,623 | -35.9% |
| Financial income | 75/76B | €722 | €6,023 | +€5,302 | +735% |
| Recurring financial income | 75 | €722 | €6,023 | +€5,302 | +735% |
| Financial charges | 65/66B | €9,085 | €10,071 | +€985 | +10.8% |
| Recurring financial charges | 65 | €9,085 | €10,071 | +€985 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €143,595 | €93,289 | -€50,307 | -35.0% |
| Income taxes | 67/77 | €30,255 | €19,851 | -€10,404 | -34.4% |
| Profit (loss) for the period | 9904 | €113,340 | €73,438 | -€39,902 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,340 | €73,438 | -€39,902 | -35.2% |
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 22 October 2026 via checked.be.