LEMMENS: 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.
LEMMENS
Largest movements
- Tangible fixed assets -€620,268
down €620,268 (-46.7%), from €1.3m to €707,872
of which Land and buildings: -€591,765
- Cash +€152,693
up €152,693 (+30.2%), from €505,318 to €658,011
mainly Investment in fixed assets (net) (+€593,104) and Net result for the year (+€45,870)
- Reserves -€397,707
down €397,707 (-27.6%), from €1.4m to €1.0m
of which Tax-exempt reserves: -€201,222
- Provisions -€103,484
down €103,484 (-41.8%), from €247,474 to €143,989
- Tax, wage and social debts +€36,474
up €36,474 (+8295.7%), from €440 to €36,913
- Taxes +€112,760
up €112,760 (+43249.6%), from €261 to €113,021
- Gross operating margin +€68,878
up €68,878 (+262.6%), from €26,228 to €95,107
- Depreciation -€21,366
down €21,366 (-44.0%), from €48,530 to €27,164
- Other operating charges +€2,933
up €2,933 (+32.2%), from €9,114 to €12,047
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 | €1,835,383 | €1,373,469 | -€461,914 | -25.2% |
| Fixed assets | 21/28 | €1,328,140 | €707,872 | -€620,268 | -46.7% |
| Tangible fixed assets | 22/27 | €1,328,140 | €707,872 | -€620,268 | -46.7% |
| Land and buildings | 22 | €1,268,683 | €676,917 | -€591,765 | -46.6% |
| Furniture and vehicles | 24 | €47,118 | €30,954 | -€16,164 | -34.3% |
| Other tangible fixed assets | 26 | €12,339 | €0 | -€12,339 | -100.0% |
| Current assets | 29/58 | €507,243 | €665,597 | +€158,354 | +31.2% |
| Amounts receivable within one year | 40/41 | €1,205 | €2,479 | +€1,274 | +105.7% |
| Trade receivables | 40 | €545 | €0 | -€545 | -100.0% |
| Other amounts receivable | 41 | €660 | €2,479 | +€1,819 | +275.6% |
| Cash at bank and in hand | 54/58 | €505,318 | €658,011 | +€152,693 | +30.2% |
| Deferred charges and accrued income | 490/1 | €720 | €5,107 | +€4,387 | +609.3% |
| Total equity and liabilities | 10/49 | €1,835,383 | €1,373,469 | -€461,914 | -25.2% |
| Equity | 10/15 | €1,579,619 | €1,181,913 | -€397,707 | -25.2% |
| Contributions | 10/11 | €137,000 | €137,000 | = | 0.0% |
| Capital | 10 | €137,000 | €137,000 | = | 0.0% |
| Issued capital | 100 | €137,000 | €137,000 | = | 0.0% |
| Reserves | 13 | €1,442,619 | €1,044,913 | -€397,707 | -27.6% |
| Non-distributable reserves | 130/1 | €13,700 | €13,700 | = | 0.0% |
| Legal reserve | 130 | €13,700 | €13,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €622,575 | €421,353 | -€201,222 | -32.3% |
| Distributable reserves | 133 | €806,345 | €609,860 | -€196,485 | -24.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €247,474 | €143,989 | -€103,484 | -41.8% |
| Deferred taxes | 168 | €247,474 | €143,989 | -€103,484 | -41.8% |
| Amounts payable | 17/49 | €8,290 | €47,567 | +€39,277 | +473.8% |
| Amounts payable after more than one year | 17 | €2,940 | €2,940 | = | 0.0% |
| Other amounts payable | 178/9 | €2,940 | €2,940 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,252 | €43,516 | +€41,264 | +1832.7% |
| Trade debts | 44 | €1,034 | €5,824 | +€4,791 | +463.4% |
| Suppliers | 440/4 | €1,034 | €5,824 | +€4,791 | +463.4% |
| Taxes, remuneration and social security | 45 | €440 | €36,913 | +€36,474 | +8295.7% |
| Taxes | 450/3 | €440 | €36,913 | +€36,474 | +8295.7% |
| Other amounts payable | 47/48 | €778 | €778 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,099 | €1,111 | -€1,988 | -64.1% |
| Non-recurring operating income | 76A | €3,672 | €81,896 | +€78,224 | +2130.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,530 | €27,164 | -€21,366 | -44.0% |
| Other operating charges | 640/8 | €9,114 | €12,047 | +€2,933 | +32.2% |
| Gross operating margin | 9900 | €26,228 | €95,107 | +€68,878 | +262.6% |
| Operating profit (loss) | 9901 | -€31,416 | €55,896 | +€87,312 | |
| Financial income | 75/76B | €6 | €28 | +€23 | +411.4% |
| Recurring financial income | 75 | €6 | €28 | +€23 | +411.4% |
| Financial charges | 65/66B | €1,197 | €517 | -€680 | -56.8% |
| Recurring financial charges | 65 | €1,197 | €517 | -€680 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,608 | €55,407 | +€88,015 | |
| Transfer from deferred taxes | 780 | €4,689 | €103,484 | +€98,796 | +2107.0% |
| Income taxes | 67/77 | €261 | €113,021 | +€112,760 | +43249.6% |
| Profit (loss) for the period | 9904 | -€28,180 | €45,870 | +€74,050 | |
| Transfer from tax-exempt reserves | 789 | €9,357 | €201,222 | +€191,865 | +2050.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,823 | €247,092 | +€265,915 |
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 10 October 2026 via checked.be.