LEMKENS-NKO: 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.
LEMKENS-NKO
Largest movements
- Current investments +€235,843
up €235,843 (+19.6%), from €1.2m to €1.4m
- Cash -€59,284
down €59,284 (-74.3%), from €79,753 to €20,469
mainly Contributions, distributions and other (-€266,343) and Current investments (-€235,843)
- Other debts +€164,222
new in 2025: €164,222
- Gross operating margin +€116,055
up €116,055 (+45.2%), from €256,875 to €372,931
- Taxes +€42,643
up €42,643 (+49.7%), from €85,757 to €128,400
- Financial income -€13,734
down €13,734 (-30.2%), from €45,509 to €31,776
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 | €1,644,619 | €1,801,704 | +€157,085 | +9.6% |
| Fixed assets | 21/28 | €42,598 | €33,300 | -€9,298 | -21.8% |
| Tangible fixed assets | 22/27 | €37,598 | €28,300 | -€9,298 | -24.7% |
| Plant, machinery and equipment | 23 | €1,526 | €0 | -€1,526 | -100% |
| Furniture and vehicles | 24 | €36,072 | €28,300 | -€7,772 | -21.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,602,021 | €1,768,403 | +€166,382 | +10.4% |
| Amounts receivable after more than one year | 29 | €287,958 | €287,958 | = | 0.0% |
| Other amounts receivable | 291 | €287,958 | €287,958 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,773 | €18,596 | -€10,177 | -35.4% |
| Trade receivables | 40 | €1,975 | €17,678 | +€15,703 | +795% |
| Other amounts receivable | 41 | €26,798 | €918 | -€25,880 | -96.6% |
| Current investments | 50/53 | €1,205,537 | €1,441,380 | +€235,843 | +19.6% |
| Cash at bank and in hand | 54/58 | €79,753 | €20,469 | -€59,284 | -74.3% |
| Total equity and liabilities | 10/49 | €1,644,619 | €1,801,704 | +€157,085 | +9.6% |
| Equity | 10/15 | €1,604,532 | €1,594,688 | -€9,844 | -0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,592,132 | €1,582,288 | -€9,844 | -0.6% |
| Distributable reserves | 133 | €1,592,132 | €1,582,288 | -€9,844 | -0.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,087 | €207,016 | +€166,929 | +416% |
| Amounts payable within one year | 42/48 | €40,087 | €207,016 | +€166,929 | +416% |
| Current portion of amounts payable after more than one year | 42 | €1,963 | €0 | -€1,963 | -100% |
| Trade debts | 44 | €1,312 | €5,820 | +€4,508 | +344% |
| Suppliers | 440/4 | €1,312 | €5,820 | +€4,508 | +344% |
| Taxes, remuneration and social security | 45 | €36,812 | €36,973 | +€161 | +0.4% |
| Taxes | 450/3 | €36,812 | €36,973 | +€161 | +0.4% |
| Other amounts payable | 47/48 | - | €164,222 | +€164,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,076 | €11,393 | +€317 | +2.9% |
| Other operating charges | 640/8 | €1,703 | €2,246 | +€543 | +31.9% |
| Gross operating margin | 9900 | €256,875 | €372,931 | +€116,055 | +45.2% |
| Operating profit (loss) | 9901 | €244,096 | €359,292 | +€115,196 | +47.2% |
| Financial income | 75/76B | €45,509 | €31,776 | -€13,734 | -30.2% |
| Recurring financial income | 75 | €45,509 | €31,776 | -€13,734 | -30.2% |
| Financial charges | 65/66B | €4,981 | €6,169 | +€1,188 | +23.8% |
| Recurring financial charges | 65 | €4,981 | €6,169 | +€1,188 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €284,624 | €384,899 | +€100,274 | +35.2% |
| Income taxes | 67/77 | €85,757 | €128,400 | +€42,643 | +49.7% |
| Profit (loss) for the period | 9904 | €198,868 | €256,499 | +€57,631 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €198,868 | €256,499 | +€57,631 | +29.0% |
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 20 October 2026 via checked.be.