LEMP: what changed
Two fiscal 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.
LEMP
Largest movements
- Current investments -€12,006
down €12,006 (-6.9%), from €175,045 to €163,039
- Tangible fixed assets -€6,997
down €6,997 (-88.6%), from €7,899 to €901
- Receivables within one year +€4,552
up €4,552 (+2.4%), from €192,505 to €197,057
of which Other amounts receivable: +€2,928
- Profit (loss) carried forward -€14,854
down €14,854 (-8.4%), from €176,582 to €161,728
- Provisions -€145,119
no longer reported in 2025 (was €145,119)
- Depreciation -€12,699
down €12,699 (-64.5%), from €19,697 to €6,997
- Gross operating margin -€12,335
down €12,335, from €3,291 to -€9,044
- Other operating charges -€3,813
down €3,813 (-57.8%), from €6,594 to €2,781
- Financial income +€638
up €638 (+15.7%), from €4,071 to €4,709
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 | €379,509 | €364,617 | -€14,892 | -3.9% |
| Fixed assets | 21/28 | €7,899 | €901 | -€6,997 | -88.6% |
| Tangible fixed assets | 22/27 | €7,899 | €901 | -€6,997 | -88.6% |
| Furniture and vehicles | 24 | €7,899 | €901 | -€6,997 | -88.6% |
| Current assets | 29/58 | €371,610 | €363,716 | -€7,894 | -2.1% |
| Amounts receivable within one year | 40/41 | €192,505 | €197,057 | +€4,552 | +2.4% |
| Trade receivables | 40 | €19,486 | €21,110 | +€1,624 | +8.3% |
| Other amounts receivable | 41 | €173,019 | €175,948 | +€2,928 | +1.7% |
| Current investments | 50/53 | €175,045 | €163,039 | -€12,006 | -6.9% |
| Cash at bank and in hand | 54/58 | €3,884 | €3,434 | -€451 | -11.6% |
| Deferred charges and accrued income | 490/1 | €176 | €186 | +€10 | +5.5% |
| Total equity and liabilities | 10/49 | €379,509 | €364,617 | -€14,892 | -3.9% |
| Equity | 10/15 | €232,582 | €217,728 | -€14,854 | -6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,582 | €161,728 | -€14,854 | -8.4% |
| Provisions and deferred taxes | 16 | €145,119 | €145,119 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €145,119 | €145,119 | = | 0.0% |
| Other liabilities and charges | 164/5 | €145,119 | €145,119 | = | 0.0% |
| Amounts payable | 17/49 | €1,808 | €1,771 | -€38 | -2.1% |
| Amounts payable within one year | 42/48 | €1,808 | €1,771 | -€38 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €1,307 | - | -€1,307 | |
| Trade debts | 44 | €502 | €1,771 | +€1,269 | +253.0% |
| Suppliers | 440/4 | €502 | €1,771 | +€1,269 | +253.0% |
| Non-recurring operating income | 76A | €8,264 | - | -€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,697 | €6,997 | -€12,699 | -64.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €145,119 | - | -€145,119 | |
| Other operating charges | 640/8 | €6,594 | €2,781 | -€3,813 | -57.8% |
| Gross operating margin | 9900 | €3,291 | -€9,044 | -€12,335 | |
| Operating profit (loss) | 9901 | -€168,119 | -€18,823 | +€149,296 | +88.8% |
| Financial income | 75/76B | €4,071 | €4,709 | +€638 | +15.7% |
| Recurring financial income | 75 | €4,071 | €4,709 | +€638 | +15.7% |
| Financial charges | 65/66B | €230 | €187 | -€43 | -18.7% |
| Recurring financial charges | 65 | €230 | €187 | -€43 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€164,278 | -€14,301 | +€149,977 | +91.3% |
| Income taxes | 67/77 | €819 | €553 | -€266 | -32.5% |
| Profit (loss) for the period | 9904 | -€165,097 | -€14,854 | +€150,243 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,097 | -€14,854 | +€150,243 | +91.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.