LEMKOM: 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.
LEMKOM
Largest movements
- Cash -€302,535
down €302,535 (-83.9%), from €360,444 to €57,908
mainly Investment in fixed assets (net) (-€294,838) and Current investments (-€255,162)
- Financial fixed assets +€294,838
new in 2025: €294,838
- Current investments +€255,162
new in 2025: €255,162
- Receivables after one year -€59,500
down €59,500 (-40.2%), from €147,875 to €88,375
- Receivables within one year -€38,795
down €38,795 (-14.2%), from €272,483 to €233,688
of which Trade receivables: -€38,795
- Reserves +€140,000
up €140,000 (+19.7%), from €710,000 to €850,000
- Gross operating margin -€28,365
down €28,365 (-12.2%), from €233,035 to €204,670
- Taxes +€7,357
up €7,357 (+13.5%), from €54,375 to €61,732
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 | €781,665 | €931,271 | +€149,606 | +19.1% |
| Fixed assets | 21/28 | €638 | €295,212 | +€294,575 | +46200.5% |
| Tangible fixed assets | 22/27 | €638 | €374 | -€264 | -41.3% |
| Furniture and vehicles | 24 | €638 | €374 | -€264 | -41.3% |
| Financial fixed assets | 28 | - | €294,838 | +€294,838 | |
| Current assets | 29/58 | €781,027 | €636,058 | -€144,969 | -18.6% |
| Amounts receivable after more than one year | 29 | €147,875 | €88,375 | -€59,500 | -40.2% |
| Other amounts receivable | 291 | €147,875 | €88,375 | -€59,500 | -40.2% |
| Amounts receivable within one year | 40/41 | €272,483 | €233,688 | -€38,795 | -14.2% |
| Trade receivables | 40 | €257,608 | €218,813 | -€38,795 | -15.1% |
| Other amounts receivable | 41 | €14,875 | €14,875 | = | 0.0% |
| Current investments | 50/53 | - | €255,162 | +€255,162 | |
| Cash at bank and in hand | 54/58 | €360,444 | €57,908 | -€302,535 | -83.9% |
| Deferred charges and accrued income | 490/1 | €226 | €925 | +€700 | +310.0% |
| Total equity and liabilities | 10/49 | €781,665 | €931,271 | +€149,606 | +19.1% |
| Equity | 10/15 | €723,300 | €868,682 | +€145,382 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €710,000 | €850,000 | +€140,000 | +19.7% |
| Distributable reserves | 133 | €710,000 | €850,000 | +€140,000 | +19.7% |
| Profit (loss) carried forward | 14 | €7,100 | €12,482 | +€5,382 | +75.8% |
| Amounts payable | 17/49 | €58,364 | €62,588 | +€4,224 | +7.2% |
| Amounts payable within one year | 42/48 | €58,364 | €62,588 | +€4,224 | +7.2% |
| Trade debts | 44 | €3,054 | €6,615 | +€3,561 | +116.6% |
| Suppliers | 440/4 | €3,054 | €6,615 | +€3,561 | +116.6% |
| Taxes, remuneration and social security | 45 | €55,311 | €55,861 | +€550 | +1.0% |
| Taxes | 450/3 | €55,311 | €55,861 | +€550 | +1.0% |
| Other amounts payable | 47/48 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | €264 | +€116 | +78.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €153 | +€153 | |
| Gross operating margin | 9900 | €233,035 | €204,670 | -€28,365 | -12.2% |
| Operating profit (loss) | 9901 | €232,501 | €203,853 | -€28,647 | -12.3% |
| Financial income | 75/76B | €2,664 | €3,415 | +€750 | +28.2% |
| Recurring financial income | 75 | €2,664 | €3,415 | +€750 | +28.2% |
| Financial charges | 65/66B | €40 | €154 | +€114 | +288.3% |
| Recurring financial charges | 65 | €40 | €154 | +€114 | +288.3% |
| Profit (loss) for the period before taxes | 9903 | €235,125 | €207,114 | -€28,012 | -11.9% |
| Income taxes | 67/77 | €54,375 | €61,732 | +€7,357 | +13.5% |
| Profit (loss) for the period | 9904 | €180,751 | €145,382 | -€35,369 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €180,751 | €145,382 | -€35,369 | -19.6% |
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 11 October 2026 via checked.be.