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
- Receivables within one year +€2.0m
up €2.0m (+67.3%), from €2.9m to €4.9m
of which Other amounts receivable: +€2.4m
- Reserves +€2.0m
up €2.0m (+72.2%), from €2.8m to €4.8m
- Gross operating margin -€888,249
down €888,249 (-24.6%), from €3.6m to €2.7m
- Taxes -€254,104
down €254,104 (-27.6%), from €920,704 to €666,600
- Financial charges +€98,043
up €98,043 (+52181.2%), from €188 to €98,231
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 | €3,165,490 | €5,140,560 | +€2.0m | +62.4% |
| Current assets | 29/58 | €3,165,490 | €5,140,560 | +€2.0m | +62.4% |
| Stocks and contracts in progress | 3 | €214,899 | €204,863 | -€10,036 | -4.7% |
| Stocks | 30/36 | €214,899 | €204,863 | -€10,036 | -4.7% |
| Amounts receivable within one year | 40/41 | €2,945,535 | €4,928,336 | +€2.0m | +67.3% |
| Trade receivables | 40 | €421,791 | €45,689 | -€376,103 | -89.2% |
| Other amounts receivable | 41 | €2,523,744 | €4,882,648 | +€2.4m | +93.5% |
| Cash at bank and in hand | 54/58 | €5,056 | €7,361 | +€2,305 | +45.6% |
| Total equity and liabilities | 10/49 | €3,165,490 | €5,140,560 | +€2.0m | +62.4% |
| Equity | 10/15 | €2,768,003 | €4,762,061 | +€2.0m | +72.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,761,803 | €4,755,861 | +€2.0m | +72.2% |
| Distributable reserves | 133 | €2,761,803 | €4,755,861 | +€2.0m | +72.2% |
| Amounts payable | 17/49 | €397,487 | €378,499 | -€18,988 | -4.8% |
| Amounts payable within one year | 42/48 | €397,487 | €378,499 | -€18,987 | -4.8% |
| Trade debts | 44 | €362,925 | €378,499 | +€15,574 | +4.3% |
| Suppliers | 440/4 | €362,925 | €378,499 | +€15,574 | +4.3% |
| Taxes, remuneration and social security | 45 | €34,561 | - | -€34,561 | |
| Taxes | 450/3 | €34,561 | - | -€34,561 | |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Other operating charges | 640/8 | €1,153 | €1,292 | +€139 | +12.0% |
| Gross operating margin | 9900 | €3,616,468 | €2,728,219 | -€888,249 | -24.6% |
| Operating profit (loss) | 9901 | €3,615,315 | €2,726,927 | -€888,388 | -24.6% |
| Financial income | 75/76B | €60,337 | €31,962 | -€28,375 | -47.0% |
| Recurring financial income | 75 | €60,337 | €31,962 | -€28,375 | -47.0% |
| Financial charges | 65/66B | €188 | €98,231 | +€98,043 | +52181.2% |
| Recurring financial charges | 65 | €188 | €98,231 | +€98,043 | +52181.2% |
| Profit (loss) for the period before taxes | 9903 | €3,675,464 | €2,660,658 | -€1.0m | -27.6% |
| Income taxes | 67/77 | €920,704 | €666,600 | -€254,104 | -27.6% |
| Profit (loss) for the period | 9904 | €2,754,760 | €1,994,058 | -€760,703 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,754,760 | €1,994,058 | -€760,703 | -27.6% |
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 10 October 2026 via checked.be.