LERIM: 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.
LERIM
Largest movements
- Receivables within one year +€6,816
up €6,816 (+4.8%), from €143,000 to €149,816
of which Other amounts receivable: +€4,408
- Cash -€3,839
down €3,839 (-100.0%), from €3,839 to €0
mainly Investment in fixed assets (net) (-€6,960) and Receivables within one year (-€6,816)
- Profit (loss) carried forward +€5,530
up €5,530 (+5.4%), from -€102,026 to -€96,496
- Gross operating margin +€13,601
up €13,601, from -€3,442 to €10,159
- Depreciation -€1,030
down €1,030 (-19.2%), from €5,358 to €4,327
- Other operating charges -€1,015
down €1,015 (-29.4%), from €3,459 to €2,444
- Financial charges +€253
up €253 (+73.7%), from €343 to €596
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 | €361,066 | €366,174 | +€5,108 | +1.4% |
| Fixed assets | 21/28 | €211,026 | €213,659 | +€2,633 | +1.2% |
| Tangible fixed assets | 22/27 | €211,026 | €213,659 | +€2,633 | +1.2% |
| Land and buildings | 22 | €207,069 | €204,675 | -€2,394 | -1.2% |
| Plant, machinery and equipment | 23 | €3,957 | €2,562 | -€1,396 | -35.3% |
| Furniture and vehicles | 24 | - | €6,422 | +€6,422 | |
| Current assets | 29/58 | €150,040 | €152,515 | +€2,475 | +1.6% |
| Amounts receivable within one year | 40/41 | €143,000 | €149,816 | +€6,816 | +4.8% |
| Trade receivables | 40 | €2,339 | €4,747 | +€2,408 | +103.0% |
| Other amounts receivable | 41 | €140,662 | €145,069 | +€4,408 | +3.1% |
| Cash at bank and in hand | 54/58 | €3,839 | €0 | -€3,839 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,201 | €2,699 | -€502 | -15.7% |
| Total equity and liabilities | 10/49 | €361,066 | €366,174 | +€5,108 | +1.4% |
| Equity | 10/15 | €280,258 | €285,788 | +€5,530 | +2.0% |
| Contributions | 10/11 | €375,484 | €375,484 | = | 0.0% |
| Capital | 10 | €375,484 | €375,484 | = | 0.0% |
| Issued capital | 100 | €375,484 | €375,484 | = | 0.0% |
| Reserves | 13 | €6,800 | €6,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Legal reserve | 130 | €6,800 | €6,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,026 | -€96,496 | +€5,530 | +5.4% |
| Amounts payable | 17/49 | €80,808 | €80,386 | -€422 | -0.5% |
| Amounts payable within one year | 42/48 | €80,808 | €80,386 | -€422 | -0.5% |
| Financial debts | 43 | - | €99 | +€99 | |
| Credit institutions | 430/8 | - | €99 | +€99 | |
| Trade debts | 44 | €26,967 | €27,302 | +€335 | +1.2% |
| Suppliers | 440/4 | €26,967 | €27,302 | +€335 | +1.2% |
| Taxes, remuneration and social security | 45 | €661 | €110 | -€551 | -83.4% |
| Taxes | 450/3 | €661 | €110 | -€551 | -83.4% |
| Other amounts payable | 47/48 | €53,181 | €52,876 | -€305 | -0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,358 | €4,327 | -€1,030 | -19.2% |
| Other operating charges | 640/8 | €3,459 | €2,444 | -€1,015 | -29.4% |
| Gross operating margin | 9900 | -€3,442 | €10,159 | +€13,601 | |
| Operating profit (loss) | 9901 | -€12,259 | €3,388 | +€15,647 | |
| Financial income | 75/76B | €2,833 | €2,738 | -€95 | -3.4% |
| Recurring financial income | 75 | €2,833 | €2,738 | -€95 | -3.4% |
| Financial charges | 65/66B | €343 | €596 | +€253 | +73.7% |
| Recurring financial charges | 65 | €343 | €596 | +€253 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,769 | €5,530 | +€15,299 | |
| Profit (loss) for the period | 9904 | -€9,769 | €5,530 | +€15,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,769 | €5,530 | +€15,299 |
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 2 October 2026 via checked.be.