LEMMY: 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.
What changed
LEMMY
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€99,084
2024 · €205,338-€106,254
Equity
€1.5m
2024 · €1.4m+€99,084
Cash
€40,259
2024 · €212,191-€171,932
Balance sheet total
€3.1m
2024 · €2.7m+€395,909
Largest movements
Assets
- Tangible fixed assets +€456,508
up €456,508 (+20.2%), from €2.3m to €2.7m
of which Land and buildings: +€456,508
- Cash -€171,932
down €171,932 (-81.0%), from €212,191 to €40,259
mainly Investment in fixed assets (net) (-€541,437) and Current investments (-€130,773)
- Current investments +€130,773
new in 2025: €130,773
Equity and liabilities
- Debts after one year +€271,622
up €271,622 (+24.3%), from €1.1m to €1.4m
- Reserves +€99,084
up €99,084 (+10.8%), from €916,823 to €1.0m
of which Distributable reserves: +€104,809
Income statement
- Gross operating margin -€124,984
down €124,984 (-28.8%), from €433,287 to €308,303
- Taxes -€17,337
down €17,337 (-24.9%), from €69,745 to €52,409
- Financial charges +€14,427
up €14,427 (+44.0%), from €32,773 to €47,201
- Depreciation +€5,060
up €5,060 (+6.3%), from €79,869 to €84,929
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.
Result 2024
€205,338
Gross operating margin
-€124,984
Depreciation
-€5,060
Other operating charges
-€1,682
Financial income
+€10
Financial charges
-€14,427
Taxes
+€17,337
Deferred taxes and other
+€22,553
Result 2025
€99,084
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€205,264
Investment
-€672,210
Financing
+€295,014
Cash 2024
€212,191
From operations (derived)
+€205,264
Net result for the year
+€99,084
Depreciation
+€84,929
Receivables within one year
+€19,472
Deferred charges and accrued income
-€32
Provisions
-€1,909
Trade debts
-€15,941
Tax, wage and social debts
+€15,992
Other debts
-€4,071
Accrued charges and deferred income
+€7,739
Investment (derived)
-€672,210
Investment in fixed assets (net)
-€541,437
Current investments
-€130,773
Financing
+€295,014
Debts after one year
+€271,622
Current portion of long-term debt
+€23,392
Cash 2025
€40,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,709,133 | €3,105,042 | +€395,909 | +14.6% |
| Fixed assets | 21/28 | €2,258,052 | €2,714,560 | +€456,508 | +20.2% |
| Tangible fixed assets | 22/27 | €2,258,052 | €2,714,560 | +€456,508 | +20.2% |
| Land and buildings | 22 | €2,258,052 | €2,714,560 | +€456,508 | +20.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €451,081 | €390,482 | -€60,599 | -13.4% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,729 | €31,257 | -€19,472 | -38.4% |
| Trade receivables | 40 | €21,248 | €525 | -€20,723 | -97.5% |
| Other amounts receivable | 41 | €29,481 | €30,732 | +€1,251 | +4.2% |
| Current investments | 50/53 | - | €130,773 | +€130,773 | |
| Cash at bank and in hand | 54/58 | €212,191 | €40,259 | -€171,932 | -81.0% |
| Deferred charges and accrued income | 490/1 | €13,161 | €13,193 | +€32 | +0.2% |
| Total equity and liabilities | 10/49 | €2,709,133 | €3,105,042 | +€395,909 | +14.6% |
| Equity | 10/15 | €1,363,394 | €1,462,478 | +€99,084 | +7.3% |
| Contributions | 10/11 | €446,570 | €446,570 | = | 0.0% |
| Reserves | 13 | €916,823 | €1,015,907 | +€99,084 | +10.8% |
| Non-distributable reserves | 130/1 | €31,807 | €31,807 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,807 | €31,807 | = | 0.0% |
| Tax-exempt reserves | 132 | €228,369 | €222,644 | -€5,726 | -2.5% |
| Distributable reserves | 133 | €656,647 | €761,456 | +€104,809 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €76,123 | €74,215 | -€1,909 | -2.5% |
| Deferred taxes | 168 | €76,123 | €74,215 | -€1,909 | -2.5% |
| Amounts payable | 17/49 | €1,269,616 | €1,568,350 | +€298,734 | +23.5% |
| Amounts payable after more than one year | 17 | €1,118,264 | €1,389,886 | +€271,622 | +24.3% |
| Financial debts | 170/4 | €1,118,264 | €1,389,886 | +€271,622 | +24.3% |
| Amounts payable within one year | 42/48 | €149,725 | €169,097 | +€19,372 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €96,420 | €119,811 | +€23,392 | +24.3% |
| Trade debts | 44 | €22,147 | €6,206 | -€15,941 | -72.0% |
| Suppliers | 440/4 | €22,147 | €6,206 | -€15,941 | -72.0% |
| Taxes, remuneration and social security | 45 | €24,871 | €40,863 | +€15,992 | +64.3% |
| Taxes | 450/3 | €24,871 | €40,863 | +€15,992 | +64.3% |
| Other amounts payable | 47/48 | €6,288 | €2,216 | -€4,071 | -64.7% |
| Accrued charges and deferred income | 492/3 | €1,626 | €9,366 | +€7,739 | +476% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,869 | €84,929 | +€5,060 | +6.3% |
| Other operating charges | 640/8 | €33,726 | €35,408 | +€1,682 | +5.0% |
| Gross operating margin | 9900 | €433,287 | €308,303 | -€124,984 | -28.8% |
| Operating profit (loss) | 9901 | €319,692 | €187,966 | -€131,726 | -41.2% |
| Financial income | 75/76B | €8,809 | €8,819 | +€10 | +0.1% |
| Recurring financial income | 75 | €8,809 | €8,819 | +€10 | +0.1% |
| Financial charges | 65/66B | €32,773 | €47,201 | +€14,427 | +44.0% |
| Recurring financial charges | 65 | €32,773 | €47,201 | +€14,427 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €295,727 | €149,584 | -€146,144 | -49.4% |
| Transfer from deferred taxes | 780 | €14,015 | €1,909 | -€12,106 | -86.4% |
| Transfer to deferred taxes | 680 | €34,659 | €0 | -€34,659 | -100% |
| Income taxes | 67/77 | €69,745 | €52,409 | -€17,337 | -24.9% |
| Profit (loss) for the period | 9904 | €205,338 | €99,084 | -€106,254 | -51.7% |
| Transfer from tax-exempt reserves | 789 | €42,288 | €5,726 | -€36,562 | -86.5% |
| Transfer to tax-exempt reserves | 689 | €103,976 | €0 | -€103,976 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €143,649 | €104,809 | -€38,840 | -27.0% |
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 19 October 2026 via checked.be.