LEMON: 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.
LEMON
Largest movements
- Tangible fixed assets -€35,794
down €35,794 (-19.4%), from €184,663 to €148,869
of which Furniture and vehicles: -€20,248
- Cash -€10,122
down €10,122 (-69.6%), from €14,551 to €4,429
mainly Debts after one year (-€60,927) and Other debts (-€4,715)
- Debts after one year -€60,927
down €60,927 (-35.5%), from €171,417 to €110,490
- Reserves +€12,500
up €12,500 (+19.7%), from €63,582 to €76,082
of which Distributable reserves: +€12,500
- Other debts -€4,715
down €4,715 (-36.3%), from €12,981 to €8,266
- Depreciation +€9,689
up €9,689 (+37.1%), from €26,105 to €35,794
- Gross operating margin +€5,817
up €5,817 (+10.0%), from €58,049 to €63,866
- Financial charges -€988
down €988 (-10.5%), from €9,420 to €8,432
- Taxes +€967
up €967 (+18.5%), from €5,223 to €6,190
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 | €360,246 | €316,273 | -€43,973 | -12.2% |
| Fixed assets | 21/28 | €342,763 | €306,969 | -€35,794 | -10.4% |
| Tangible fixed assets | 22/27 | €184,663 | €148,869 | -€35,794 | -19.4% |
| Land and buildings | 22 | €102,647 | €92,903 | -€9,744 | -9.5% |
| Plant, machinery and equipment | 23 | €5,802 | - | -€5,802 | |
| Furniture and vehicles | 24 | €76,214 | €55,966 | -€20,248 | -26.6% |
| Financial fixed assets | 28 | €158,100 | €158,100 | = | 0.0% |
| Current assets | 29/58 | €17,483 | €9,304 | -€8,179 | -46.8% |
| Amounts receivable within one year | 40/41 | €56 | €2,928 | +€2,872 | +5,129% |
| Trade receivables | 40 | €56 | €2,928 | +€2,872 | +5,129% |
| Cash at bank and in hand | 54/58 | €14,551 | €4,429 | -€10,122 | -69.6% |
| Deferred charges and accrued income | 490/1 | €2,876 | €1,947 | -€929 | -32.3% |
| Total equity and liabilities | 10/49 | €360,246 | €316,273 | -€43,973 | -12.2% |
| Equity | 10/15 | €108,582 | €121,354 | +€12,772 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,582 | €76,082 | +€12,500 | +19.7% |
| Tax-exempt reserves | 132 | €2,497 | €2,497 | = | 0.0% |
| Distributable reserves | 133 | €61,085 | €73,585 | +€12,500 | +20.5% |
| Profit (loss) carried forward | 14 | €26,400 | €26,672 | +€272 | +1.0% |
| Amounts payable | 17/49 | €251,664 | €194,919 | -€56,745 | -22.5% |
| Amounts payable after more than one year | 17 | €171,417 | €110,490 | -€60,927 | -35.5% |
| Financial debts | 170/4 | €171,417 | €110,490 | -€60,927 | -35.5% |
| Amounts payable within one year | 42/48 | €79,963 | €84,145 | +€4,182 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €59,801 | €61,940 | +€2,139 | +3.6% |
| Trade debts | 44 | €1,280 | €4,739 | +€3,459 | +270% |
| Suppliers | 440/4 | €1,280 | €4,739 | +€3,459 | +270% |
| Taxes, remuneration and social security | 45 | €5,901 | €9,200 | +€3,299 | +55.9% |
| Taxes | 450/3 | €4,401 | €2,900 | -€1,501 | -34.1% |
| Remuneration and social security | 454/9 | €1,500 | €6,300 | +€4,800 | +320% |
| Other amounts payable | 47/48 | €12,981 | €8,266 | -€4,715 | -36.3% |
| Accrued charges and deferred income | 492/3 | €284 | €284 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,105 | €35,794 | +€9,689 | +37.1% |
| Other operating charges | 640/8 | €902 | €678 | -€224 | -24.8% |
| Gross operating margin | 9900 | €58,049 | €63,866 | +€5,817 | +10.0% |
| Operating profit (loss) | 9901 | €31,042 | €27,394 | -€3,648 | -11.8% |
| Financial charges | 65/66B | €9,420 | €8,432 | -€988 | -10.5% |
| Recurring financial charges | 65 | €9,420 | €8,432 | -€988 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €21,622 | €18,962 | -€2,660 | -12.3% |
| Income taxes | 67/77 | €5,223 | €6,190 | +€967 | +18.5% |
| Profit (loss) for the period | 9904 | €16,399 | €12,772 | -€3,627 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,399 | €12,772 | -€3,627 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.