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
- Cash +€70,049
up €70,049 (+55.5%), from €126,105 to €196,154
mainly Short-term financial debts (+€129,298) and Net result for the year (+€111,775)
- Receivables within one year +€46,207
up €46,207 (+55.3%), from €83,619 to €129,825
of which Trade receivables: +€42,962
- Short-term financial debts +€129,298
up €129,298 (+1,031%), from €12,544 to €141,842
- Debts after one year -€115,694
down €115,694 (-11.3%), from €1.0m to €909,614
- Reserves +€111,775
up €111,775 (+24.6%), from €453,790 to €565,564
- Tax, wage and social debts -€25,277
down €25,277 (-54.4%), from €46,478 to €21,201
of which Taxes: -€25,277
- Depreciation -€33,503
down €33,503 (-27.9%), from €120,150 to €86,648
- Financial charges +€12,748
up €12,748 (+45.1%), from €28,274 to €41,022
- Gross operating margin -€10,191
down €10,191 (-3.3%), from €304,241 to €294,050
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 | €2,040,913 | €2,175,381 | +€134,468 | +6.6% |
| Fixed assets | 21/28 | €1,823,947 | €1,836,477 | +€12,530 | +0.7% |
| Tangible fixed assets | 22/27 | €1,823,947 | €1,836,477 | +€12,530 | +0.7% |
| Land and buildings | 22 | €1,805,667 | €1,828,003 | +€22,336 | +1.2% |
| Plant, machinery and equipment | 23 | €1,522 | €1,211 | -€311 | -20.5% |
| Furniture and vehicles | 24 | €16,339 | €7,264 | -€9,075 | -55.5% |
| Other tangible fixed assets | 26 | €419 | €0 | -€419 | -100% |
| Current assets | 29/58 | €216,966 | €338,903 | +€121,937 | +56.2% |
| Amounts receivable within one year | 40/41 | €83,619 | €129,825 | +€46,207 | +55.3% |
| Trade receivables | 40 | €83,519 | €126,481 | +€42,962 | +51.4% |
| Other amounts receivable | 41 | €100 | €3,345 | +€3,245 | +3,245% |
| Cash at bank and in hand | 54/58 | €126,105 | €196,154 | +€70,049 | +55.5% |
| Deferred charges and accrued income | 490/1 | €7,243 | €12,924 | +€5,681 | +78.4% |
| Total equity and liabilities | 10/49 | €2,040,913 | €2,175,381 | +€134,468 | +6.6% |
| Equity | 10/15 | €459,990 | €571,764 | +€111,775 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €453,790 | €565,564 | +€111,775 | +24.6% |
| Distributable reserves | 133 | €453,790 | €565,564 | +€111,775 | +24.6% |
| Amounts payable | 17/49 | €1,580,923 | €1,603,616 | +€22,693 | +1.4% |
| Amounts payable after more than one year | 17 | €1,025,308 | €909,614 | -€115,694 | -11.3% |
| Financial debts | 170/4 | €1,025,308 | €909,614 | -€115,694 | -11.3% |
| Amounts payable within one year | 42/48 | €540,861 | €667,529 | +€126,667 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €112,855 | €115,694 | +€2,839 | +2.5% |
| Financial debts | 43 | €12,544 | €141,842 | +€129,298 | +1,031% |
| Credit institutions | 430/8 | €12,544 | €141,842 | +€129,298 | +1,031% |
| Trade debts | 44 | €16,226 | €36,407 | +€20,181 | +124% |
| Suppliers | 440/4 | €16,226 | €36,407 | +€20,181 | +124% |
| Taxes, remuneration and social security | 45 | €46,478 | €21,201 | -€25,277 | -54.4% |
| Taxes | 450/3 | €43,151 | €17,874 | -€25,277 | -58.6% |
| Remuneration and social security | 454/9 | €3,327 | €3,327 | = | 0.0% |
| Other amounts payable | 47/48 | €352,759 | €352,385 | -€374 | -0.1% |
| Accrued charges and deferred income | 492/3 | €14,754 | €26,474 | +€11,720 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,150 | €86,648 | -€33,503 | -27.9% |
| Other operating charges | 640/8 | €10,703 | €8,123 | -€2,581 | -24.1% |
| Gross operating margin | 9900 | €304,241 | €294,050 | -€10,191 | -3.3% |
| Operating profit (loss) | 9901 | €173,388 | €199,280 | +€25,892 | +14.9% |
| Financial income | 75/76B | €44 | €172 | +€128 | +291% |
| Recurring financial income | 75 | €44 | €172 | +€128 | +291% |
| Financial charges | 65/66B | €28,274 | €41,022 | +€12,748 | +45.1% |
| Recurring financial charges | 65 | €28,274 | €41,022 | +€12,748 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €145,158 | €158,430 | +€13,272 | +9.1% |
| Income taxes | 67/77 | €44,194 | €46,655 | +€2,462 | +5.6% |
| Profit (loss) for the period | 9904 | €100,964 | €111,775 | +€10,810 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,964 | €111,775 | +€10,810 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.