LEMON TREE: 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 TREE
Largest movements
- Receivables within one year -€62,394
down €62,394 (-22.1%), from €282,394 to €220,000
- Cash +€14,070
up €14,070 (+327%), from €4,300 to €18,371
mainly Receivables within one year (+€62,394) and Depreciation (+€12,148)
- Tangible fixed assets -€12,148
down €12,148 (-4.9%), from €249,844 to €237,696
of which Land and buildings: -€9,648
- Other debts -€64,887
down €64,887 (-16.6%), from €391,923 to €327,036
- Reserves +€11,526
up €11,526 (+94.2%), from €12,242 to €23,769
of which Distributable reserves: +€11,526
- Tax, wage and social debts -€7,361
down €7,361 (-61.3%), from €12,012 to €4,651
of which Taxes: -€6,170
- Gross operating margin -€219,284
down €219,284 (-86.1%), from €254,594 to €35,310
- Staff costs -€21,687
down €21,687 (-80.5%), from €26,926 to €5,239
- Taxes -€6,170
down €6,170 (-59.5%), from €10,366 to €4,196
- Other operating charges -€2,658
down €2,658 (-56.5%), from €4,705 to €2,047
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 | €537,343 | €476,275 | -€61,067 | -11.4% |
| Fixed assets | 21/28 | €250,052 | €237,905 | -€12,148 | -4.9% |
| Tangible fixed assets | 22/27 | €249,844 | €237,696 | -€12,148 | -4.9% |
| Land and buildings | 22 | €244,844 | €235,196 | -€9,648 | -3.9% |
| Furniture and vehicles | 24 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Financial fixed assets | 28 | €209 | €209 | = | 0.0% |
| Current assets | 29/58 | €287,290 | €238,371 | -€48,920 | -17.0% |
| Amounts receivable within one year | 40/41 | €282,394 | €220,000 | -€62,394 | -22.1% |
| Other amounts receivable | 41 | €282,394 | €220,000 | -€62,394 | -22.1% |
| Cash at bank and in hand | 54/58 | €4,300 | €18,371 | +€14,070 | +327% |
| Deferred charges and accrued income | 490/1 | €596 | - | -€596 | |
| Total equity and liabilities | 10/49 | €537,343 | €476,275 | -€61,067 | -11.4% |
| Equity | 10/15 | €132,242 | €143,769 | +€11,526 | +8.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Contributions outside capital | 11 | €120,000 | - | -€120,000 | |
| Other | 1109/19 | €120,000 | - | -€120,000 | |
| Reserves | 13 | €12,242 | €23,769 | +€11,526 | +94.2% |
| Non-distributable reserves | 130/1 | €3,831 | €3,831 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,831 | €3,831 | = | 0.0% |
| Distributable reserves | 133 | €8,412 | €19,938 | +€11,526 | +137% |
| Amounts payable | 17/49 | €405,100 | €332,506 | -€72,594 | -17.9% |
| Amounts payable within one year | 42/48 | €405,100 | €332,506 | -€72,594 | -17.9% |
| Trade debts | 44 | €1,165 | €819 | -€346 | -29.7% |
| Suppliers | 440/4 | €1,165 | €819 | -€346 | -29.7% |
| Taxes, remuneration and social security | 45 | €12,012 | €4,651 | -€7,361 | -61.3% |
| Taxes | 450/3 | €10,366 | €4,196 | -€6,170 | -59.5% |
| Remuneration and social security | 454/9 | €1,646 | €455 | -€1,191 | -72.4% |
| Other amounts payable | 47/48 | €391,923 | €327,036 | -€64,887 | -16.6% |
| Non-recurring operating income | 76A | €225,752 | - | -€225,752 | |
| Remuneration, social security and pensions | 62 | €26,926 | €5,239 | -€21,687 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,148 | €12,148 | = | 0.0% |
| Other operating charges | 640/8 | €4,705 | €2,047 | -€2,658 | -56.5% |
| Gross operating margin | 9900 | €254,594 | €35,310 | -€219,284 | -86.1% |
| Operating profit (loss) | 9901 | €210,815 | €15,876 | -€194,939 | -92.5% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €210,662 | €15,722 | -€194,939 | -92.5% |
| Income taxes | 67/77 | €10,366 | €4,196 | -€6,170 | -59.5% |
| Profit (loss) for the period | 9904 | €200,295 | €11,526 | -€188,769 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €200,295 | €11,526 | -€188,769 | -94.2% |
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 15 October 2026 via checked.be.