LemonTree: 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.
LemonTree
Largest movements
- Cash +€66,538
up €66,538 (+86.3%), from €77,085 to €143,624
mainly Net result for the year (+€50,545) and Depreciation (+€12,240)
- Tangible fixed assets -€12,240
down €12,240 (-25.6%), from €47,895 to €35,655
- Receivables within one year -€10,876
down €10,876 (-27.6%), from €39,385 to €28,509
of which Trade receivables: -€20,108
- Reserves +€50,545
up €50,545 (+40.1%), from €125,904 to €176,449
- Tax, wage and social debts -€10,055
down €10,055 (-27.4%), from €36,677 to €26,622
of which Taxes: -€10,055
- Gross operating margin -€4,457
down €4,457 (-5.5%), from €81,234 to €76,777
- Depreciation +€1,977
up €1,977 (+19.3%), from €10,263 to €12,240
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 | €164,625 | €207,887 | +€43,263 | +26.3% |
| Fixed assets | 21/28 | €47,895 | €35,655 | -€12,240 | -25.6% |
| Tangible fixed assets | 22/27 | €47,895 | €35,655 | -€12,240 | -25.6% |
| Furniture and vehicles | 24 | €47,895 | €35,655 | -€12,240 | -25.6% |
| Current assets | 29/58 | €116,730 | €172,233 | +€55,503 | +47.5% |
| Amounts receivable within one year | 40/41 | €39,385 | €28,509 | -€10,876 | -27.6% |
| Trade receivables | 40 | €34,026 | €13,918 | -€20,108 | -59.1% |
| Other amounts receivable | 41 | €5,358 | €14,590 | +€9,232 | +172% |
| Cash at bank and in hand | 54/58 | €77,085 | €143,624 | +€66,538 | +86.3% |
| Deferred charges and accrued income | 490/1 | €260 | €101 | -€160 | -61.4% |
| Total equity and liabilities | 10/49 | €164,625 | €207,887 | +€43,263 | +26.3% |
| Equity | 10/15 | €126,904 | €177,449 | +€50,545 | +39.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €125,904 | €176,449 | +€50,545 | +40.1% |
| Distributable reserves | 133 | €125,904 | €176,449 | +€50,545 | +40.1% |
| Amounts payable | 17/49 | €37,721 | €30,438 | -€7,283 | -19.3% |
| Amounts payable within one year | 42/48 | €37,721 | €29,429 | -€8,291 | -22.0% |
| Trade debts | 44 | €1,044 | €2,808 | +€1,764 | +169% |
| Suppliers | 440/4 | €1,044 | €2,808 | +€1,764 | +169% |
| Taxes, remuneration and social security | 45 | €36,677 | €26,622 | -€10,055 | -27.4% |
| Taxes | 450/3 | €36,677 | €26,622 | -€10,055 | -27.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,008 | +€1,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,263 | €12,240 | +€1,977 | +19.3% |
| Other operating charges | 640/8 | €417 | €331 | -€86 | -20.7% |
| Gross operating margin | 9900 | €81,234 | €76,777 | -€4,457 | -5.5% |
| Operating profit (loss) | 9901 | €70,554 | €64,206 | -€6,348 | -9.0% |
| Financial income | 75/76B | €262 | €873 | +€610 | +233% |
| Recurring financial income | 75 | €262 | €873 | +€610 | +233% |
| Financial charges | 65/66B | €143 | €150 | +€7 | +4.8% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €70,673 | €64,929 | -€5,745 | -8.1% |
| Income taxes | 67/77 | €14,936 | €14,384 | -€553 | -3.7% |
| Profit (loss) for the period | 9904 | €55,737 | €50,545 | -€5,192 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,737 | €50,545 | -€5,192 | -9.3% |
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.