LEMINVEST: 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.
LEMINVEST
Largest movements
- Receivables within one year -€260,243
down €260,243 (-33.6%), from €774,574 to €514,331
of which Other amounts receivable: -€259,199
- Cash +€143,477
up €143,477 (+155.8%), from €92,065 to €235,542
mainly Net result for the year (+€280,178) and Receivables within one year (+€260,243)
- Tangible fixed assets -€66,873
down €66,873 (-8.0%), from €831,306 to €764,433
- Reserves -€169,822
down €169,822 (-5.8%), from €2.9m to €2.7m
of which Distributable reserves: -€155,288
- Financial income -€627,750
down €627,750 (-97.3%), from €645,240 to €17,490
- Gross operating margin +€152,198
up €152,198 (+21.6%), from €704,862 to €857,060
- Taxes +€47,033
up €47,033 (+82.5%), from €57,034 to €104,067
- Staff costs +€25,257
up €25,257 (+6.5%), from €391,064 to €416,321
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 | €3,764,360 | €3,598,251 | -€166,110 | -4.4% |
| Fixed assets | 21/28 | €2,895,237 | €2,828,364 | -€66,873 | -2.3% |
| Tangible fixed assets | 22/27 | €831,306 | €764,433 | -€66,873 | -8.0% |
| Land and buildings | 22 | €831,306 | €764,433 | -€66,873 | -8.0% |
| Financial fixed assets | 28 | €2,063,930 | €2,063,930 | = | 0.0% |
| Current assets | 29/58 | €869,123 | €769,887 | -€99,237 | -11.4% |
| Amounts receivable within one year | 40/41 | €774,574 | €514,331 | -€260,243 | -33.6% |
| Trade receivables | 40 | €21,044 | €20,000 | -€1,044 | -5.0% |
| Other amounts receivable | 41 | €753,530 | €494,331 | -€259,199 | -34.4% |
| Cash at bank and in hand | 54/58 | €92,065 | €235,542 | +€143,477 | +155.8% |
| Deferred charges and accrued income | 490/1 | €2,485 | €20,014 | +€17,529 | +705.3% |
| Total equity and liabilities | 10/49 | €3,764,360 | €3,598,251 | -€166,110 | -4.4% |
| Equity | 10/15 | €2,974,809 | €2,804,987 | -€169,822 | -5.7% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | €67,000 | = | 0.0% |
| Issued capital | 100 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €2,907,809 | €2,737,987 | -€169,822 | -5.8% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Legal reserve | 130 | €6,700 | €6,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €156,964 | €142,430 | -€14,535 | -9.3% |
| Distributable reserves | 133 | €2,744,145 | €2,588,858 | -€155,288 | -5.7% |
| Provisions and deferred taxes | 16 | €52,321 | €47,477 | -€4,845 | -9.3% |
| Deferred taxes | 168 | €52,321 | €47,477 | -€4,845 | -9.3% |
| Amounts payable | 17/49 | €737,229 | €745,787 | +€8,557 | +1.2% |
| Amounts payable within one year | 42/48 | €733,211 | €739,423 | +€6,213 | +0.8% |
| Trade debts | 44 | €17,790 | €2,965 | -€14,825 | -83.3% |
| Suppliers | 440/4 | €17,790 | €2,965 | -€14,825 | -83.3% |
| Taxes, remuneration and social security | 45 | €58,031 | €77,141 | +€19,110 | +32.9% |
| Taxes | 450/3 | €14,865 | €22,762 | +€7,896 | +53.1% |
| Remuneration and social security | 454/9 | €43,165 | €54,379 | +€11,214 | +26.0% |
| Other amounts payable | 47/48 | €657,390 | €659,317 | +€1,927 | +0.3% |
| Accrued charges and deferred income | 492/3 | €4,019 | €6,363 | +€2,345 | +58.3% |
| Non-recurring operating income | 76A | €2,715 | - | -€2,715 | |
| Remuneration, social security and pensions | 62 | €391,064 | €416,321 | +€25,257 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,873 | €66,873 | = | 0.0% |
| Other operating charges | 640/8 | €5,117 | €5,412 | +€295 | +5.8% |
| Gross operating margin | 9900 | €704,862 | €857,060 | +€152,198 | +21.6% |
| Operating profit (loss) | 9901 | €241,807 | €368,454 | +€126,646 | +52.4% |
| Financial income | 75/76B | €645,240 | €17,490 | -€627,750 | -97.3% |
| Recurring financial income | 75 | €645,240 | €17,490 | -€627,750 | -97.3% |
| Financial charges | 65/66B | €4,170 | €6,544 | +€2,373 | +56.9% |
| Recurring financial charges | 65 | €4,170 | €6,544 | +€2,373 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €882,877 | €379,400 | -€503,478 | -57.0% |
| Transfer from deferred taxes | 780 | €4,845 | €4,845 | = | 0.0% |
| Income taxes | 67/77 | €57,034 | €104,067 | +€47,033 | +82.5% |
| Profit (loss) for the period | 9904 | €830,688 | €280,178 | -€550,510 | -66.3% |
| Transfer from tax-exempt reserves | 789 | €22,985 | €14,535 | -€8,450 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €853,673 | €294,712 | -€558,960 | -65.5% |
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 7 October 2026 via checked.be.