LEMMENS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€210,472
up €210,472 (+34,291%), from €614 to €211,085
- Reserves +€909,298
up €909,298 (+306%), from €297,365 to €1.2m
of which Distributable reserves: +€909,298
- Other debts -€416,002
down €416,002 (-87.9%), from €473,234 to €57,232
- Financial income +€1.0m
up €1.0m, from €0 to €1.0m
- Taxes +€90,708
up €90,708 (+30,946%), from €293 to €91,001
- Financial charges -€1,988
down €1,988 (-33.8%), from €5,878 to €3,890
- Depreciation +€1,872
up €1,872 (+542%), from €345 to €2,217
- Gross operating margin -€1,165
down €1,165 (-13.6%), from €8,563 to €7,399
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 | €963,597 | €1,457,959 | +€494,362 | +51.3% |
| Formation expenses | 20 | €4,089 | €1,872 | -€2,217 | -54.2% |
| Fixed assets | 21/28 | €921,706 | €921,706 | = | 0.0% |
| Financial fixed assets | 28 | €921,706 | €921,706 | = | 0.0% |
| Current assets | 29/58 | €37,803 | €534,381 | +€496,579 | +1,314% |
| Amounts receivable within one year | 40/41 | €614 | €211,085 | +€210,472 | +34,291% |
| Other amounts receivable | 41 | €614 | €211,085 | +€210,472 | +34,291% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €37,189 | €23,187 | -€14,002 | -37.7% |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €963,597 | €1,457,959 | +€494,362 | +51.3% |
| Equity | 10/15 | €488,265 | €1,397,563 | +€909,298 | +186% |
| Contributions | 10/11 | €190,900 | €190,900 | = | 0.0% |
| Capital | 10 | €190,900 | €190,900 | = | 0.0% |
| Issued capital | 100 | €190,900 | €190,900 | = | 0.0% |
| Reserves | 13 | €297,365 | €1,206,663 | +€909,298 | +306% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €291,065 | €291,065 | = | 0.0% |
| Distributable reserves | 133 | €0 | €909,298 | +€909,298 | |
| Amounts payable | 17/49 | €475,333 | €60,396 | -€414,937 | -87.3% |
| Amounts payable within one year | 42/48 | €475,333 | €60,396 | -€414,937 | -87.3% |
| Trade debts | 44 | €50 | €212 | +€162 | +321% |
| Suppliers | 440/4 | €50 | €212 | +€162 | +321% |
| Taxes, remuneration and social security | 45 | €2,048 | €2,952 | +€904 | +44.1% |
| Taxes | 450/3 | €2,048 | €2,952 | +€904 | +44.1% |
| Other amounts payable | 47/48 | €473,234 | €57,232 | -€416,002 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €2,217 | +€1,872 | +542% |
| Other operating charges | 640/8 | €1,265 | €1,148 | -€116 | -9.2% |
| Gross operating margin | 9900 | €8,563 | €7,399 | -€1,165 | -13.6% |
| Operating profit (loss) | 9901 | €6,954 | €4,034 | -€2,920 | -42.0% |
| Financial income | 75/76B | €0 | €1,000,156 | +€1.0m | |
| Recurring financial income | 75 | €0 | €1,000,156 | +€1.0m | |
| Financial charges | 65/66B | €5,878 | €3,890 | -€1,988 | -33.8% |
| Recurring financial charges | 65 | €5,878 | €3,890 | -€1,988 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €1,076 | €1,000,300 | +€999,224 | +92,891% |
| Income taxes | 67/77 | €293 | €91,001 | +€90,708 | +30,946% |
| Profit (loss) for the period | 9904 | €783 | €909,298 | +€908,516 | +116,094% |
| Profit (loss) for the period to be appropriated | 9905 | €783 | €909,298 | +€908,516 | +116,094% |
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 26 October 2026 via checked.be.