LEMMCO: 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.
LEMMCO
Largest movements
- Cash +€52,054
up €52,054 (+122.1%), from €42,617 to €94,671
mainly Net result for the year (+€46,938) and Depreciation (+€10,254)
- Tangible fixed assets -€8,776
down €8,776 (-20.3%), from €43,138 to €34,362
- Receivables within one year +€5,199
up €5,199 (+21.6%), from €24,028 to €29,228
- Reserves +€47,500
up €47,500 (+135.7%), from €35,000 to €82,500
- Trade debts +€9,922
up €9,922 (+1100.9%), from €901 to €10,823
- Debts after one year -€9,161
down €9,161 (-30.6%), from €29,934 to €20,773
- Gross operating margin +€16,430
up €16,430 (+29.0%), from €56,682 to €73,111
- Taxes +€3,420
up €3,420 (+33.0%), from €10,350 to €13,770
- Depreciation +€2,461
up €2,461 (+31.6%), from €7,793 to €10,254
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 | €109,783 | €158,261 | +€48,478 | +44.2% |
| Fixed assets | 21/28 | €43,138 | €34,362 | -€8,776 | -20.3% |
| Tangible fixed assets | 22/27 | €43,138 | €34,362 | -€8,776 | -20.3% |
| Furniture and vehicles | 24 | €43,138 | €34,362 | -€8,776 | -20.3% |
| Current assets | 29/58 | €66,645 | €123,899 | +€57,254 | +85.9% |
| Amounts receivable within one year | 40/41 | €24,028 | €29,228 | +€5,199 | +21.6% |
| Trade receivables | 40 | €24,028 | €29,228 | +€5,199 | +21.6% |
| Cash at bank and in hand | 54/58 | €42,617 | €94,671 | +€52,054 | +122.1% |
| Total equity and liabilities | 10/49 | €109,783 | €158,261 | +€48,478 | +44.2% |
| Equity | 10/15 | €41,382 | €88,320 | +€46,938 | +113.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €82,500 | +€47,500 | +135.7% |
| Distributable reserves | 133 | €35,000 | €82,500 | +€47,500 | +135.7% |
| Profit (loss) carried forward | 14 | €1,382 | €820 | -€562 | -40.7% |
| Amounts payable | 17/49 | €68,401 | €69,941 | +€1,540 | +2.3% |
| Amounts payable after more than one year | 17 | €29,934 | €20,773 | -€9,161 | -30.6% |
| Financial debts | 170/4 | €29,934 | €20,773 | -€9,161 | -30.6% |
| Amounts payable within one year | 42/48 | €37,067 | €47,768 | +€10,701 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €8,877 | €9,161 | +€284 | +3.2% |
| Trade debts | 44 | €901 | €10,823 | +€9,922 | +1100.9% |
| Suppliers | 440/4 | €901 | €10,823 | +€9,922 | +1100.9% |
| Taxes, remuneration and social security | 45 | €21,995 | €22,400 | +€405 | +1.8% |
| Taxes | 450/3 | €19,995 | €20,400 | +€405 | +2.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,295 | €5,385 | +€90 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,793 | €10,254 | +€2,461 | +31.6% |
| Other operating charges | 640/8 | €800 | €985 | +€185 | +23.2% |
| Gross operating margin | 9900 | €56,682 | €73,111 | +€16,430 | +29.0% |
| Operating profit (loss) | 9901 | €48,089 | €61,872 | +€13,783 | +28.7% |
| Financial income | 75/76B | €4 | €9 | +€5 | +110.7% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +110.7% |
| Financial charges | 65/66B | €1,361 | €1,173 | -€188 | -13.8% |
| Recurring financial charges | 65 | €1,361 | €1,173 | -€188 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €46,732 | €60,708 | +€13,976 | +29.9% |
| Income taxes | 67/77 | €10,350 | €13,770 | +€3,420 | +33.0% |
| Profit (loss) for the period | 9904 | €36,382 | €46,938 | +€10,556 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,382 | €46,938 | +€10,556 | +29.0% |
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 5 October 2026 via checked.be.