LLEMIN: 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.
LLEMIN
Largest movements
- Financial fixed assets +€648,500
new in 2024: €648,500
- Current investments -€449,960
down €449,960 (-45.5%), from €988,779 to €538,819
- Cash -€151,159
down €151,159 (-79.2%), from €190,937 to €39,778
mainly Investment in fixed assets (net) (-€648,500) and Receivables within one year (-€66,289)
- Tangible fixed assets -€88,690
down €88,690 (-7.1%), from €1.2m to €1.2m
of which Other tangible fixed assets: -€54,935
- Receivables within one year +€66,289
up €66,289 (+66.9%), from €99,053 to €165,342
of which Other amounts receivable: +€54,937
- Reserves +€50,442
up €50,442 (+3.4%), from €1.5m to €1.5m
of which Non-distributable reserves: +€52,974
- Gross operating margin -€47,643
down €47,643, from €29,124 to -€18,519
- Financial income +€21,470
up €21,470 (+13.1%), from €163,374 to €184,844
- Taxes -€17,853
down €17,853, from €14,564 to -€3,290
- Depreciation -€12,789
down €12,789 (-12.6%), from €101,479 to €88,690
- Other operating charges -€1,821
down €1,821 (-12.3%), from €14,838 to €13,017
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,537,827 | €2,560,707 | +€22,880 | +0.9% |
| Fixed assets | 21/28 | €1,248,099 | €1,807,910 | +€559,810 | +44.9% |
| Tangible fixed assets | 22/27 | €1,248,099 | €1,159,410 | -€88,690 | -7.1% |
| Land and buildings | 22 | €302,771 | €288,902 | -€13,869 | -4.6% |
| Plant, machinery and equipment | 23 | €12,493 | €9,939 | -€2,554 | -20.4% |
| Furniture and vehicles | 24 | €50,564 | €33,233 | -€17,331 | -34.3% |
| Other tangible fixed assets | 26 | €882,271 | €827,336 | -€54,935 | -6.2% |
| Financial fixed assets | 28 | - | €648,500 | +€648,500 | |
| Current assets | 29/58 | €1,289,728 | €752,797 | -€536,931 | -41.6% |
| Stocks and contracts in progress | 3 | €4,362 | €3,513 | -€850 | -19.5% |
| Stocks | 30/36 | €4,362 | €3,513 | -€850 | -19.5% |
| Amounts receivable within one year | 40/41 | €99,053 | €165,342 | +€66,289 | +66.9% |
| Trade receivables | 40 | €14,542 | €25,894 | +€11,352 | +78.1% |
| Other amounts receivable | 41 | €84,511 | €139,449 | +€54,937 | +65.0% |
| Current investments | 50/53 | €988,779 | €538,819 | -€449,960 | -45.5% |
| Cash at bank and in hand | 54/58 | €190,937 | €39,778 | -€151,159 | -79.2% |
| Deferred charges and accrued income | 490/1 | €6,596 | €5,345 | -€1,251 | -19.0% |
| Total equity and liabilities | 10/49 | €2,537,827 | €2,560,707 | +€22,880 | +0.9% |
| Equity | 10/15 | €2,431,784 | €2,482,226 | +€50,442 | +2.1% |
| Contributions | 10/11 | €938,474 | €938,474 | = | 0.0% |
| Outside capital | 11 | €938,474 | €938,474 | = | 0.0% |
| Share premium | 1100/10 | €317 | €317 | = | 0.0% |
| Other | 1109/19 | €938,157 | €938,157 | = | 0.0% |
| Reserves | 13 | €1,493,310 | €1,543,752 | +€50,442 | +3.4% |
| Non-distributable reserves | 130/1 | €46,569 | €99,543 | +€52,974 | +113.8% |
| Reserves not available under the articles | 1311 | €46,569 | €99,543 | +€52,974 | +113.8% |
| Tax-exempt reserves | 132 | €27,600 | €25,068 | -€2,532 | -9.2% |
| Distributable reserves | 133 | €1,419,141 | €1,419,141 | = | 0.0% |
| Provisions and deferred taxes | 16 | €52,150 | €48,316 | -€3,833 | -7.4% |
| Deferred taxes | 168 | €52,150 | €48,316 | -€3,833 | -7.4% |
| Amounts payable | 17/49 | €53,894 | €30,165 | -€23,729 | -44.0% |
| Amounts payable after more than one year | 17 | €23,430 | €15,744 | -€7,686 | -32.8% |
| Financial debts | 170/4 | €23,430 | €15,744 | -€7,686 | -32.8% |
| Amounts payable within one year | 42/48 | €30,464 | €14,421 | -€16,043 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €7,341 | €7,686 | +€345 | +4.7% |
| Trade debts | 44 | €3,281 | €4,839 | +€1,558 | +47.5% |
| Suppliers | 440/4 | €3,281 | €4,839 | +€1,558 | +47.5% |
| Taxes, remuneration and social security | 45 | €19,842 | €1,441 | -€18,400 | -92.7% |
| Taxes | 450/3 | €17,408 | - | -€17,408 | |
| Remuneration and social security | 454/9 | €2,433 | €1,441 | -€992 | -40.8% |
| Other amounts payable | 47/48 | - | €455 | +€455 | |
| Remuneration, social security and pensions | 62 | €20,040 | €19,535 | -€504 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,479 | €88,690 | -€12,789 | -12.6% |
| Other operating charges | 640/8 | €14,838 | €13,017 | -€1,821 | -12.3% |
| Gross operating margin | 9900 | €29,124 | -€18,519 | -€47,643 | |
| Operating profit (loss) | 9901 | -€107,232 | -€139,761 | -€32,529 | -30.3% |
| Financial income | 75/76B | €163,374 | €184,844 | +€21,470 | +13.1% |
| Recurring financial income | 75 | €163,374 | €184,844 | +€21,470 | +13.1% |
| Financial charges | 65/66B | €1,375 | €1,764 | +€389 | +28.3% |
| Recurring financial charges | 65 | €1,375 | €1,764 | +€389 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €54,767 | €43,319 | -€11,448 | -20.9% |
| Transfer from deferred taxes | 780 | €3,833 | €3,833 | = | 0.0% |
| Income taxes | 67/77 | €14,564 | -€3,290 | -€17,853 | |
| Profit (loss) for the period | 9904 | €44,036 | €50,442 | +€6,406 | +14.5% |
| Transfer from tax-exempt reserves | 789 | €2,532 | €2,532 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,569 | €52,974 | +€6,406 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.