LEMO - BEHEER: 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.
LEMO - BEHEER
Largest movements
- Tangible fixed assets +€738,140
up €738,140 (+27.1%), from €2.7m to €3.5m
of which Land and buildings: +€823,436
- Current investments -€245,543
down €245,543 (-27.1%), from €905,246 to €659,703
- Receivables within one year +€70,425
new in 2025: €70,425
- Debts after one year +€693,966
up €693,966 (+57.8%), from €1.2m to €1.9m
- Reserves -€322,191
down €322,191 (-15.7%), from €2.1m to €1.7m
of which Distributable reserves: -€322,191
- Short-term financial debts +€160,000
new in 2025: €160,000
- Tax, wage and social debts -€68,408
down €68,408 (-91.6%), from €74,687 to €6,280
of which Taxes: -€69,489
- Other debts +€52,197
up €52,197 (+22.4%), from €233,518 to €285,714
- Depreciation +€126,117
up €126,117 (+78.3%), from €161,114 to €287,231
- Financial charges +€64,444
up €64,444 (+119%), from €54,141 to €118,584
- Financial income -€50,297
down €50,297 (-9.3%), from €538,861 to €488,564
- Taxes -€27,992
down €27,992 (-27.3%), from €102,593 to €74,601
- Gross operating margin +€10,935
up €10,935 (+75.5%), from €14,479 to €25,414
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 | €3,719,367 | €4,255,657 | +€536,290 | +14.4% |
| Fixed assets | 21/28 | €2,723,227 | €3,461,367 | +€738,140 | +27.1% |
| Tangible fixed assets | 22/27 | €2,723,227 | €3,461,367 | +€738,140 | +27.1% |
| Land and buildings | 22 | €2,505,504 | €3,328,941 | +€823,436 | +32.9% |
| Plant, machinery and equipment | 23 | €1,720 | €4,946 | +€3,226 | +188% |
| Leasing and similar rights | 25 | €216,002 | €127,480 | -€88,522 | -41.0% |
| Current assets | 29/58 | €996,140 | €794,289 | -€201,850 | -20.3% |
| Amounts receivable within one year | 40/41 | - | €70,425 | +€70,425 | |
| Other amounts receivable | 41 | - | €70,425 | +€70,425 | |
| Current investments | 50/53 | €905,246 | €659,703 | -€245,543 | -27.1% |
| Cash at bank and in hand | 54/58 | €89,597 | €53,852 | -€35,745 | -39.9% |
| Deferred charges and accrued income | 490/1 | €1,297 | €10,310 | +€9,013 | +695% |
| Total equity and liabilities | 10/49 | €3,719,367 | €4,255,657 | +€536,290 | +14.4% |
| Equity | 10/15 | €2,092,350 | €1,770,158 | -€322,191 | -15.4% |
| Contributions | 10/11 | €37,605 | €37,605 | = | 0.0% |
| Reserves | 13 | €2,054,744 | €1,732,553 | -€322,191 | -15.7% |
| Tax-exempt reserves | 132 | €934 | €934 | = | 0.0% |
| Distributable reserves | 133 | €2,053,811 | €1,731,620 | -€322,191 | -15.7% |
| Amounts payable | 17/49 | €1,627,017 | €2,485,498 | +€858,481 | +52.8% |
| Amounts payable after more than one year | 17 | €1,200,049 | €1,894,015 | +€693,966 | +57.8% |
| Financial debts | 170/4 | €1,200,049 | €1,894,015 | +€693,966 | +57.8% |
| Amounts payable within one year | 42/48 | €426,476 | €591,401 | +€164,925 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €117,223 | €138,234 | +€21,011 | +17.9% |
| Financial debts | 43 | - | €160,000 | +€160,000 | |
| Credit institutions | 430/8 | - | €160,000 | +€160,000 | |
| Trade debts | 44 | €1,048 | €1,173 | +€126 | +12.0% |
| Suppliers | 440/4 | €1,048 | €1,173 | +€126 | +12.0% |
| Taxes, remuneration and social security | 45 | €74,687 | €6,280 | -€68,408 | -91.6% |
| Taxes | 450/3 | €72,970 | €3,480 | -€69,489 | -95.2% |
| Remuneration and social security | 454/9 | €1,718 | €2,799 | +€1,082 | +63.0% |
| Other amounts payable | 47/48 | €233,518 | €285,714 | +€52,197 | +22.4% |
| Accrued charges and deferred income | 492/3 | €492 | €82 | -€410 | -83.3% |
| Remuneration, social security and pensions | 62 | €15,148 | €14,065 | -€1,083 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,114 | €287,231 | +€126,117 | +78.3% |
| Other operating charges | 640/8 | €18,215 | €18,572 | +€357 | +2.0% |
| Non-recurring operating charges | 66A | - | €37,402 | +€37,402 | |
| Gross operating margin | 9900 | €14,479 | €25,414 | +€10,935 | +75.5% |
| Operating profit (loss) | 9901 | -€179,998 | -€331,856 | -€151,858 | -84.4% |
| Financial income | 75/76B | €538,861 | €488,564 | -€50,297 | -9.3% |
| Recurring financial income | 75 | €538,861 | €488,564 | -€50,297 | -9.3% |
| Financial charges | 65/66B | €54,141 | €118,584 | +€64,444 | +119% |
| Recurring financial charges | 65 | €54,141 | €118,584 | +€64,444 | +119% |
| Profit (loss) for the period before taxes | 9903 | €304,722 | €38,124 | -€266,599 | -87.5% |
| Income taxes | 67/77 | €102,593 | €74,601 | -€27,992 | -27.3% |
| Profit (loss) for the period | 9904 | €202,130 | -€36,477 | -€238,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €202,130 | -€36,477 | -€238,607 |
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 27 October 2026 via checked.be.