LEMMA: 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.
LEMMA
Largest movements
- Cash -€117,269
down €117,269 (-62.5%), from €187,484 to €70,216
mainly Receivables after one year (-€100,000) and Receivables within one year (-€30,026)
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year +€30,026
up €30,026 (+298.8%), from €10,048 to €40,074
of which Trade receivables: +€24,200
- Accrued charges and deferred income +€18,249
up €18,249 (+44.0%), from €41,457 to €59,707
- Reserves -€12,641
down €12,641 (-1.2%), from €1.1m to €1.1m
- Financial charges +€3,287
up €3,287 (+27.8%), from €11,807 to €15,095
of which Financial charges: +€2,928
- Gross operating margin +€2,483
up €2,483 (+218.4%), from €1,137 to €3,620
- Financial income +€857
up €857 (+38.7%), from €2,213 to €3,070
- Depreciation -€451
down €451 (-18.8%), from €2,393 to €1,943
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 | €1,171,573 | €1,185,682 | +€14,109 | +1.2% |
| Fixed assets | 21/28 | €5,910 | €4,919 | -€991 | -16.8% |
| Tangible fixed assets | 22/27 | €5,910 | €4,919 | -€991 | -16.8% |
| Plant, machinery and equipment | 23 | €336 | €1,114 | +€778 | +231.4% |
| Furniture and vehicles | 24 | €5,574 | €3,806 | -€1,769 | -31.7% |
| Current assets | 29/58 | €1,165,663 | €1,180,763 | +€15,100 | +1.3% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €10,048 | €40,074 | +€30,026 | +298.8% |
| Trade receivables | 40 | €9,438 | €33,638 | +€24,200 | +256.4% |
| Other amounts receivable | 41 | €610 | €6,436 | +€5,826 | +955.1% |
| Current investments | 50/53 | €966,130 | €966,130 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €187,484 | €70,216 | -€117,269 | -62.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | €4,343 | +€2,343 | +117.2% |
| Total equity and liabilities | 10/49 | €1,171,573 | €1,185,682 | +€14,109 | +1.2% |
| Equity | 10/15 | €1,097,812 | €1,085,170 | -€12,641 | -1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,077,812 | €1,065,170 | -€12,641 | -1.2% |
| Distributable reserves | 133 | €1,077,812 | €1,065,170 | -€12,641 | -1.2% |
| Amounts payable | 17/49 | €73,761 | €100,512 | +€26,751 | +36.3% |
| Amounts payable within one year | 42/48 | €32,304 | €40,805 | +€8,502 | +26.3% |
| Trade debts | 44 | €2,432 | €2,242 | -€190 | -7.8% |
| Suppliers | 440/4 | €2,432 | €2,242 | -€190 | -7.8% |
| Taxes, remuneration and social security | 45 | €1,683 | €5,110 | +€3,426 | +203.5% |
| Taxes | 450/3 | €1,683 | €5,110 | +€3,426 | +203.5% |
| Other amounts payable | 47/48 | €28,188 | €33,454 | +€5,266 | +18.7% |
| Accrued charges and deferred income | 492/3 | €41,457 | €59,707 | +€18,249 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,393 | €1,943 | -€451 | -18.8% |
| Other operating charges | 640/8 | €1,754 | €1,735 | -€19 | -1.1% |
| Gross operating margin | 9900 | €1,137 | €3,620 | +€2,483 | +218.4% |
| Operating profit (loss) | 9901 | -€3,010 | -€57 | +€2,953 | +98.1% |
| Financial income | 75/76B | €2,213 | €3,070 | +€857 | +38.7% |
| Recurring financial income | 75 | €2,213 | €3,070 | +€857 | +38.7% |
| Financial charges | 65/66B | €11,807 | €15,095 | +€3,287 | +27.8% |
| Recurring financial charges | 65 | €11,439 | €14,367 | +€2,928 | +25.6% |
| Non-recurring financial charges | 66B | €368 | €728 | +€360 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,604 | -€12,082 | +€523 | +4.1% |
| Income taxes | 67/77 | €544 | €559 | +€16 | +2.9% |
| Profit (loss) for the period | 9904 | -€13,148 | -€12,641 | +€507 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,148 | -€12,641 | +€507 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.