Lemniscatus: what changed
Two fiscal 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.
Lemniscatus
Largest movements
- Receivables within one year +€133,617
up €133,617 (+276.5%), from €48,317 to €181,934
of which Other amounts receivable: +€117,388
- Receivables after one year -€125,000
no longer reported in 2025 (was €125,000)
- Cash +€21,284
up €21,284 (+28.5%), from €74,729 to €96,013
mainly Receivables after one year (+€125,000) and Net result for the year (+€59,508)
- Deferred charges and accrued income +€4,630
new in 2025: €4,630
- Tangible fixed assets -€4,224
down €4,224 (-26.4%), from €15,992 to €11,768
of which Land and buildings: -€5,856
- Reserves +€14,123
up €14,123 (+5.9%), from €240,583 to €254,706
of which Distributable reserves: +€15,983
- Tax, wage and social debts +€8,928
up €8,928 (+38.1%), from €23,455 to €32,383
of which Taxes: +€8,359
- Contributions +€6,200
new in 2025: €6,200
- Gross operating margin +€24,095
up €24,095 (+36.9%), from €65,287 to €89,382
- Depreciation -€13,103
down €13,103 (-76.6%), from €17,101 to €3,999
- Taxes +€10,305
up €10,305 (+77.6%), from €13,277 to €23,582
- Financial income -€912
no longer reported in 2025 (was €912)
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 | €264,038 | €294,345 | +€30,307 | +11.5% |
| Fixed assets | 21/28 | €15,992 | €11,768 | -€4,224 | -26.4% |
| Tangible fixed assets | 22/27 | €15,992 | €11,768 | -€4,224 | -26.4% |
| Land and buildings | 22 | €5,856 | - | -€5,856 | |
| Plant, machinery and equipment | 23 | €3,990 | €3,942 | -€48 | -1.2% |
| Furniture and vehicles | 24 | €6,147 | €923 | -€5,224 | -85.0% |
| Other tangible fixed assets | 26 | - | €6,903 | +€6,903 | |
| Current assets | 29/58 | €248,046 | €282,577 | +€34,531 | +13.9% |
| Amounts receivable after more than one year | 29 | €125,000 | - | -€125,000 | |
| Other amounts receivable | 291 | €125,000 | - | -€125,000 | |
| Amounts receivable within one year | 40/41 | €48,317 | €181,934 | +€133,617 | +276.5% |
| Trade receivables | 40 | €16,714 | €32,942 | +€16,229 | +97.1% |
| Other amounts receivable | 41 | €31,603 | €148,992 | +€117,388 | +371.4% |
| Cash at bank and in hand | 54/58 | €74,729 | €96,013 | +€21,284 | +28.5% |
| Deferred charges and accrued income | 490/1 | - | €4,630 | +€4,630 | |
| Total equity and liabilities | 10/49 | €264,038 | €294,345 | +€30,307 | +11.5% |
| Equity | 10/15 | €240,583 | €260,906 | +€20,323 | +8.4% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €240,583 | €254,706 | +€14,123 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €238,723 | €254,706 | +€15,983 | +6.7% |
| Amounts payable | 17/49 | €23,455 | €33,439 | +€9,984 | +42.6% |
| Amounts payable within one year | 42/48 | €23,455 | €33,372 | +€9,917 | +42.3% |
| Trade debts | 44 | - | €990 | +€990 | |
| Suppliers | 440/4 | - | €990 | +€990 | |
| Taxes, remuneration and social security | 45 | €23,455 | €32,383 | +€8,928 | +38.1% |
| Taxes | 450/3 | €21,188 | €29,547 | +€8,359 | +39.5% |
| Remuneration and social security | 454/9 | €2,268 | €2,836 | +€568 | +25.1% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Non-recurring operating income | 76A | - | €14,089 | +€14,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,101 | €3,999 | -€13,103 | -76.6% |
| Other operating charges | 640/8 | €1,974 | €1,852 | -€122 | -6.2% |
| Gross operating margin | 9900 | €65,287 | €89,382 | +€24,095 | +36.9% |
| Operating profit (loss) | 9901 | €46,212 | €83,532 | +€37,320 | +80.8% |
| Financial income | 75/76B | €912 | - | -€912 | |
| Recurring financial income | 75 | €912 | - | -€912 | |
| Financial charges | 65/66B | €427 | €442 | +€15 | +3.4% |
| Recurring financial charges | 65 | €427 | €442 | +€15 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €46,696 | €83,090 | +€36,394 | +77.9% |
| Income taxes | 67/77 | €13,277 | €23,582 | +€10,305 | +77.6% |
| Profit (loss) for the period | 9904 | €33,419 | €59,508 | +€26,089 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,419 | €59,508 | +€26,089 | +78.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.