LEMI: what changed
Two fiscal 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.
LEMI
Largest movements
- Current investments +€467,205
up €467,205 (+75.5%), from €618,594 to €1.1m
- Cash +€283,983
up €283,983 (+199.9%), from €142,042 to €426,025
mainly Net result for the year (+€413,104) and Trade debts (+€180,960)
- Receivables within one year -€157,118
down €157,118 (-45.7%), from €343,743 to €186,625
of which Trade receivables: -€156,467
- Tangible fixed assets -€35,045
down €35,045 (-26.7%), from €131,452 to €96,408
of which Other tangible fixed assets: -€23,488
- Profit (loss) carried forward +€413,104
up €413,104 (+98.8%), from €418,190 to €831,294
- Trade debts +€180,960
up €180,960 (+38.8%), from €466,923 to €647,883
- Gross operating margin +€296,680
up €296,680 (+36.2%), from €819,413 to €1.1m
- Staff costs +€57,492
up €57,492 (+13.0%), from €443,133 to €500,626
- Other operating charges +€15,177
up €15,177 (+41.2%), from €36,873 to €52,050
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,393,294 | €1,956,827 | +€563,533 | +40.4% |
| Fixed assets | 21/28 | €184,243 | €157,786 | -€26,456 | -14.4% |
| Intangible fixed assets | 21 | €20,215 | €28,853 | +€8,638 | +42.7% |
| Tangible fixed assets | 22/27 | €131,452 | €96,408 | -€35,045 | -26.7% |
| Furniture and vehicles | 24 | €48,561 | €37,004 | -€11,557 | -23.8% |
| Other tangible fixed assets | 26 | €82,891 | €59,403 | -€23,488 | -28.3% |
| Financial fixed assets | 28 | €32,576 | €32,526 | -€50 | -0.2% |
| Current assets | 29/58 | €1,209,051 | €1,799,041 | +€589,990 | +48.8% |
| Stocks and contracts in progress | 3 | €95,365 | €88,782 | -€6,583 | -6.9% |
| Stocks | 30/36 | €95,365 | €88,782 | -€6,583 | -6.9% |
| Amounts receivable within one year | 40/41 | €343,743 | €186,625 | -€157,118 | -45.7% |
| Trade receivables | 40 | €342,709 | €186,242 | -€156,467 | -45.7% |
| Other amounts receivable | 41 | €1,034 | €383 | -€651 | -63.0% |
| Current investments | 50/53 | €618,594 | €1,085,799 | +€467,205 | +75.5% |
| Cash at bank and in hand | 54/58 | €142,042 | €426,025 | +€283,983 | +199.9% |
| Deferred charges and accrued income | 490/1 | €9,307 | €11,810 | +€2,503 | +26.9% |
| Total equity and liabilities | 10/49 | €1,393,294 | €1,956,827 | +€563,533 | +40.4% |
| Equity | 10/15 | €624,468 | €1,037,572 | +€413,104 | +66.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,686 | €187,686 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €185,827 | €185,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,190 | €831,294 | +€413,104 | +98.8% |
| Amounts payable | 17/49 | €768,826 | €919,255 | +€150,429 | +19.6% |
| Amounts payable within one year | 42/48 | €683,971 | €835,078 | +€151,108 | +22.1% |
| Trade debts | 44 | €466,923 | €647,883 | +€180,960 | +38.8% |
| Suppliers | 440/4 | €466,923 | €647,883 | +€180,960 | +38.8% |
| Advances received on contracts in progress | 46 | €20,870 | €6,769 | -€14,101 | -67.6% |
| Taxes, remuneration and social security | 45 | €196,178 | €180,427 | -€15,751 | -8.0% |
| Taxes | 450/3 | €136,525 | €122,987 | -€13,538 | -9.9% |
| Remuneration and social security | 454/9 | €59,653 | €57,440 | -€2,213 | -3.7% |
| Accrued charges and deferred income | 492/3 | €84,855 | €84,177 | -€678 | -0.8% |
| Non-recurring operating income | 76A | €905 | €0 | -€905 | -100.0% |
| Remuneration, social security and pensions | 62 | €443,133 | €500,626 | +€57,492 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,828 | €44,404 | -€7,424 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,134 | €6,966 | -€9,168 | -56.8% |
| Other operating charges | 640/8 | €36,873 | €52,050 | +€15,177 | +41.2% |
| Gross operating margin | 9900 | €819,413 | €1,116,093 | +€296,680 | +36.2% |
| Operating profit (loss) | 9901 | €271,445 | €512,048 | +€240,602 | +88.6% |
| Financial income | 75/76B | €719 | €1,145 | +€426 | +59.3% |
| Recurring financial income | 75 | €719 | €1,145 | +€426 | +59.3% |
| Financial charges | 65/66B | €32,982 | €30,089 | -€2,893 | -8.8% |
| Recurring financial charges | 65 | €32,982 | €30,089 | -€2,893 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €239,182 | €483,104 | +€243,922 | +102.0% |
| Income taxes | 67/77 | €80,707 | €70,000 | -€10,708 | -13.3% |
| Profit (loss) for the period | 9904 | €158,475 | €413,104 | +€254,629 | +160.7% |
| Profit (loss) for the period to be appropriated | 9905 | €158,475 | €413,104 | +€254,629 | +160.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.