LEMMERLING MATTHIEU: 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.
LEMMERLING MATTHIEU
Largest movements
- Tangible fixed assets +€982,613
up €982,613 (+241%), from €407,200 to €1.4m
of which Land and buildings: +€918,143
- Receivables within one year -€87,505
down €87,505 (-73.1%), from €119,722 to €32,217
of which Trade receivables: -€85,279
- Cash -€34,748
down €34,748 (-94.3%), from €36,848 to €2,101
mainly Investment in fixed assets (net) (-€1.0m) and Trade debts (-€18,180)
- Debts after one year +€842,856
up €842,856 (+419%), from €201,055 to €1.0m
- Current portion of long-term debt +€46,262
up €46,262 (+295%), from €15,667 to €61,928
- Trade debts -€18,180
down €18,180 (-92.7%), from €19,616 to €1,436
- Other operating charges +€120,405
up €120,405 (+3,150%), from €3,822 to €124,227
- Gross operating margin +€44,383
up €44,383 (+33.0%), from €134,622 to €179,005
- Taxes -€8,610
down €8,610 (-75.6%), from €11,392 to €2,783
- Financial charges -€6,906
down €6,906 (-28.2%), from €24,507 to €17,601
- Depreciation +€2,300
up €2,300 (+8.1%), from €28,523 to €30,823
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,771 | €1,424,131 | +€860,360 | +153% |
| Fixed assets | 21/28 | €407,200 | €1,389,813 | +€982,613 | +241% |
| Tangible fixed assets | 22/27 | €407,200 | €1,389,813 | +€982,613 | +241% |
| Land and buildings | 22 | €398,872 | €1,317,015 | +€918,143 | +230% |
| Plant, machinery and equipment | 23 | €2,087 | €0 | -€2,087 | -100% |
| Furniture and vehicles | 24 | €5,349 | €3,047 | -€2,302 | -43.0% |
| Leasing and similar rights | 25 | €892 | €69,751 | +€68,859 | +7,721% |
| Current assets | 29/58 | €156,571 | €34,318 | -€122,252 | -78.1% |
| Amounts receivable within one year | 40/41 | €119,722 | €32,217 | -€87,505 | -73.1% |
| Trade receivables | 40 | €115,279 | €30,000 | -€85,279 | -74.0% |
| Other amounts receivable | 41 | €4,443 | €2,217 | -€2,225 | -50.1% |
| Cash at bank and in hand | 54/58 | €36,848 | €2,101 | -€34,748 | -94.3% |
| Total equity and liabilities | 10/49 | €563,771 | €1,424,131 | +€860,360 | +153% |
| Equity | 10/15 | €246,808 | €250,380 | +€3,572 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,208 | €231,780 | +€3,572 | +1.6% |
| Distributable reserves | 133 | €228,208 | €231,780 | +€3,572 | +1.6% |
| Amounts payable | 17/49 | €316,962 | €1,173,751 | +€856,788 | +270% |
| Amounts payable after more than one year | 17 | €201,055 | €1,043,911 | +€842,856 | +419% |
| Financial debts | 170/4 | €201,055 | €1,043,911 | +€842,856 | +419% |
| Amounts payable within one year | 42/48 | €115,907 | €129,839 | +€13,932 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €15,667 | €61,928 | +€46,262 | +295% |
| Financial debts | 43 | €1,690 | €0 | -€1,690 | -100% |
| Credit institutions | 430/8 | €1,690 | €0 | -€1,690 | -100% |
| Trade debts | 44 | €19,616 | €1,436 | -€18,180 | -92.7% |
| Suppliers | 440/4 | €19,616 | €1,436 | -€18,180 | -92.7% |
| Taxes, remuneration and social security | 45 | €12,606 | €8,166 | -€4,439 | -35.2% |
| Taxes | 450/3 | €12,606 | €8,166 | -€4,439 | -35.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,329 | €58,308 | -€8,021 | -12.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €19,108 | +€19,108 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,523 | €30,823 | +€2,300 | +8.1% |
| Other operating charges | 640/8 | €3,822 | €124,227 | +€120,405 | +3,150% |
| Non-recurring operating charges | 66A | €40,399 | €0 | -€40,399 | -100% |
| Gross operating margin | 9900 | €134,622 | €179,005 | +€44,383 | +33.0% |
| Operating profit (loss) | 9901 | €61,877 | €23,955 | -€37,922 | -61.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €24,507 | €17,601 | -€6,906 | -28.2% |
| Recurring financial charges | 65 | €24,507 | €17,601 | -€6,906 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €37,371 | €6,355 | -€31,016 | -83.0% |
| Income taxes | 67/77 | €11,392 | €2,783 | -€8,610 | -75.6% |
| Profit (loss) for the period | 9904 | €25,978 | €3,572 | -€22,406 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,978 | €3,572 | -€22,406 | -86.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.