LEMINVEST: 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.
LEMINVEST
Largest movements
- Cash +€421,517
up €421,517 (+158%), from €266,343 to €687,860
mainly Depreciation (+€339,398) and Net result for the year (+€259,741)
- Tangible fixed assets -€263,881
down €263,881 (-12.7%), from €2.1m to €1.8m
of which Plant, machinery and equipment: -€142,769
- Receivables within one year -€197,171
down €197,171 (-47.4%), from €416,007 to €218,835
of which Trade receivables: -€110,486
- Trade debts -€130,364
down €130,364 (-39.1%), from €333,027 to €202,663
- Other debts +€49,203
up €49,203 (+24.6%), from €200,000 to €249,203
- Current portion of long-term debt +€42,979
up €42,979 (+26.6%), from €161,569 to €204,547
- Staff costs +€77,900
up €77,900 (+9.2%), from €844,102 to €922,002
- Gross operating margin -€30,665
down €30,665 (-1.8%), from €1.7m to €1.7m
- Taxes +€24,282
up €24,282 (+29.8%), from €81,446 to €105,729
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 | €3,758,777 | €3,743,140 | -€15,637 | -0.4% |
| Fixed assets | 21/28 | €2,081,884 | €1,818,003 | -€263,881 | -12.7% |
| Tangible fixed assets | 22/27 | €2,076,429 | €1,812,548 | -€263,881 | -12.7% |
| Plant, machinery and equipment | 23 | €774,580 | €631,811 | -€142,769 | -18.4% |
| Furniture and vehicles | 24 | €37,796 | €35,856 | -€1,940 | -5.1% |
| Other tangible fixed assets | 26 | €1,264,053 | €1,144,881 | -€119,172 | -9.4% |
| Financial fixed assets | 28 | €5,455 | €5,455 | = | 0.0% |
| Current assets | 29/58 | €1,676,893 | €1,925,136 | +€248,244 | +14.8% |
| Stocks and contracts in progress | 3 | €969,311 | €997,323 | +€28,011 | +2.9% |
| Stocks | 30/36 | €969,311 | €997,323 | +€28,011 | +2.9% |
| Amounts receivable within one year | 40/41 | €416,007 | €218,835 | -€197,171 | -47.4% |
| Trade receivables | 40 | €307,370 | €196,884 | -€110,486 | -35.9% |
| Other amounts receivable | 41 | €108,637 | €21,952 | -€86,685 | -79.8% |
| Cash at bank and in hand | 54/58 | €266,343 | €687,860 | +€421,517 | +158% |
| Deferred charges and accrued income | 490/1 | €25,231 | €21,119 | -€4,113 | -16.3% |
| Total equity and liabilities | 10/49 | €3,758,777 | €3,743,140 | -€15,637 | -0.4% |
| Equity | 10/15 | €824,699 | €834,065 | +€9,366 | +1.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €774,699 | €784,065 | +€9,366 | +1.2% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €769,699 | €779,065 | +€9,366 | +1.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,934,077 | €2,909,074 | -€25,003 | -0.9% |
| Amounts payable after more than one year | 17 | €2,131,111 | €2,146,236 | +€15,125 | +0.7% |
| Financial debts | 170/4 | €966,114 | €939,186 | -€26,928 | -2.8% |
| Trade debts | 175 | €1,164,997 | €1,207,050 | +€42,053 | +3.6% |
| Amounts payable within one year | 42/48 | €802,967 | €762,838 | -€40,128 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €161,569 | €204,547 | +€42,979 | +26.6% |
| Trade debts | 44 | €333,027 | €202,663 | -€130,364 | -39.1% |
| Suppliers | 440/4 | €333,027 | €202,663 | -€130,364 | -39.1% |
| Taxes, remuneration and social security | 45 | €108,371 | €106,425 | -€1,946 | -1.8% |
| Taxes | 450/3 | €5,700 | €9,043 | +€3,343 | +58.7% |
| Remuneration and social security | 454/9 | €102,671 | €97,382 | -€5,289 | -5.2% |
| Other amounts payable | 47/48 | €200,000 | €249,203 | +€49,203 | +24.6% |
| Remuneration, social security and pensions | 62 | €844,102 | €922,002 | +€77,900 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342,305 | €339,398 | -€2,907 | -0.8% |
| Other operating charges | 640/8 | €3,584 | €12,514 | +€8,930 | +249% |
| Gross operating margin | 9900 | €1,718,149 | €1,687,485 | -€30,665 | -1.8% |
| Operating profit (loss) | 9901 | €528,158 | €413,571 | -€114,587 | -21.7% |
| Financial income | 75/76B | €2,539 | €529 | -€2,011 | -79.2% |
| Recurring financial income | 75 | €2,539 | €529 | -€2,011 | -79.2% |
| Financial charges | 65/66B | €49,390 | €48,630 | -€760 | -1.5% |
| Recurring financial charges | 65 | €49,390 | €48,630 | -€760 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €481,307 | €365,470 | -€115,837 | -24.1% |
| Income taxes | 67/77 | €81,446 | €105,729 | +€24,282 | +29.8% |
| Profit (loss) for the period | 9904 | €399,861 | €259,741 | -€140,120 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €399,861 | €259,741 | -€140,120 | -35.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.