LEMSEE: 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.
LEMSEE
Largest movements
- Tangible fixed assets -€7,016
down €7,016 (-3.5%), from €202,115 to €195,098
of which Land and buildings: -€6,774
- Profit (loss) carried forward -€8,986
down €8,986 (-9.2%), from €97,504 to €88,518
- Debts after one year +€4,120
up €4,120 (+7.6%), from €54,402 to €58,522
of which Other amounts payable: +€58,522
- Gross operating margin -€2,785
down €2,785 (-61.2%), from €4,549 to €1,764
- Other operating charges +€54
up €54 (+2.3%), from €2,374 to €2,429
- Depreciation -€46
down €46 (-0.6%), from €7,062 to €7,016
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 | €204,236 | €199,347 | -€4,888 | -2.4% |
| Fixed assets | 21/28 | €202,115 | €195,098 | -€7,016 | -3.5% |
| Tangible fixed assets | 22/27 | €202,115 | €195,098 | -€7,016 | -3.5% |
| Land and buildings | 22 | €201,308 | €194,534 | -€6,774 | -3.4% |
| Plant, machinery and equipment | 23 | €807 | €564 | -€242 | -30.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,121 | €4,249 | +€2,128 | +100.3% |
| Amounts receivable within one year | 40/41 | €191 | €0 | -€191 | -100.0% |
| Trade receivables | 40 | €191 | €0 | -€191 | -100.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €245 | €822 | +€576 | +235.2% |
| Deferred charges and accrued income | 490/1 | €1,685 | €3,427 | +€1,743 | +103.4% |
| Total equity and liabilities | 10/49 | €204,236 | €199,347 | -€4,888 | -2.4% |
| Equity | 10/15 | €147,964 | €138,978 | -€8,986 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,504 | €88,518 | -€8,986 | -9.2% |
| Amounts payable | 17/49 | €56,272 | €60,370 | +€4,098 | +7.3% |
| Amounts payable after more than one year | 17 | €54,402 | €58,522 | +€4,120 | +7.6% |
| Trade debts | 175 | €54,402 | - | -€54,402 | |
| Other amounts payable | 178/9 | - | €58,522 | +€58,522 | |
| Amounts payable within one year | 42/48 | €1,848 | €1,848 | = | 0.0% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,848 | €1,848 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22 | €0 | -€22 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,062 | €7,016 | -€46 | -0.6% |
| Other operating charges | 640/8 | €2,374 | €2,429 | +€54 | +2.3% |
| Gross operating margin | 9900 | €4,549 | €1,764 | -€2,785 | -61.2% |
| Operating profit (loss) | 9901 | -€4,887 | -€7,681 | -€2,793 | -57.2% |
| Financial charges | 65/66B | €1,281 | €1,306 | +€25 | +2.0% |
| Recurring financial charges | 65 | €1,281 | €1,306 | +€25 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,168 | -€8,986 | -€2,818 | -45.7% |
| Profit (loss) for the period | 9904 | -€6,168 | -€8,986 | -€2,818 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,168 | -€8,986 | -€2,818 | -45.7% |
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 12 October 2026 via checked.be.