LYMAR: 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.
What changed
LYMAR
NACE 43.120, Site preparation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€474,417
2024 · €594,976-€120,559
Equity
€4.2m
2024 · €4.2m+€36,217
Cash
€3.2m
2024 · €2.8m+€349,764
Balance sheet total
€5.6m
2024 · €5.2m+€390,880
Largest movements
Assets
- Receivables within one year +€403,671
up €403,671 (+58.9%), from €685,789 to €1.1m
of which Trade receivables: +€424,795
- Cash +€349,764
up €349,764 (+12.3%), from €2.8m to €3.2m
mainly Depreciation (+€589,191) and Net result for the year (+€474,417)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€175,370
down €175,370 (-13.2%), from €1.3m to €1.2m
of which Furniture and vehicles: -€154,782
Equity and liabilities
- Other debts +€416,401
up €416,401 (+90.1%), from €462,226 to €878,628
Income statement
- Gross operating margin -€117,269
down €117,269 (-5.3%), from €2.2m to €2.1m
- Staff costs +€87,308
up €87,308 (+11.6%), from €752,045 to €839,353
- Taxes -€37,415
down €37,415 (-13.7%), from €273,084 to €235,668
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.
Result 2024
€594,976
Gross operating margin
-€117,269
Staff costs
-€87,308
Depreciation
+€21,955
Write-downs
-€1,518
Other operating charges
-€3,776
Other operating items
+€538
Financial income
-€5,671
Financial charges
+€257
Taxes
+€37,415
Deferred taxes and other
+€34,818
Result 2025
€474,417
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.
From operations
+€1.0m
Investment
-€213,821
Financing
-€438,458
Cash 2024
€2.8m
From operations (derived)
+€1.0m
Net result for the year
+€474,417
Depreciation
+€589,191
Receivables within one year
-€403,671
Deferred charges and accrued income
-€12,815
Provisions
-€49,767
Trade debts
-€12,471
Tax, wage and social debts
+€12,945
Other debts
+€416,401
Accrued charges and deferred income
-€12,187
Investment (derived)
-€213,821
Investment in fixed assets (net)
-€413,821
Current investments
+€200,000
Financing
-€438,458
Short-term financial debts
-€258
Contributions, distributions and other
-€438,200
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,174,854 | €5,565,734 | +€390,880 | +7.6% |
| Fixed assets | 21/28 | €1,333,014 | €1,157,644 | -€175,370 | -13.2% |
| Tangible fixed assets | 22/27 | €1,330,490 | €1,155,120 | -€175,370 | -13.2% |
| Plant, machinery and equipment | 23 | €57,684 | €37,791 | -€19,893 | -34.5% |
| Furniture and vehicles | 24 | €1,266,826 | €1,112,044 | -€154,782 | -12.2% |
| Other tangible fixed assets | 26 | €5,979 | €5,285 | -€695 | -11.6% |
| Financial fixed assets | 28 | €2,524 | €2,524 | = | 0.0% |
| Current assets | 29/58 | €3,841,840 | €4,408,091 | +€566,250 | +14.7% |
| Amounts receivable within one year | 40/41 | €685,789 | €1,089,460 | +€403,671 | +58.9% |
| Trade receivables | 40 | €660,176 | €1,084,970 | +€424,795 | +64.3% |
| Other amounts receivable | 41 | €25,614 | €4,489 | -€21,124 | -82.5% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €2,847,653 | €3,197,418 | +€349,764 | +12.3% |
| Deferred charges and accrued income | 490/1 | €108,398 | €121,213 | +€12,815 | +11.8% |
| Total equity and liabilities | 10/49 | €5,174,854 | €5,565,734 | +€390,880 | +7.6% |
| Equity | 10/15 | €4,190,897 | €4,227,114 | +€36,217 | +0.9% |
| Contributions | 10/11 | €12,608 | €12,608 | = | 0.0% |
| Reserves | 13 | €4,176,978 | €4,212,677 | +€35,699 | +0.9% |
| Tax-exempt reserves | 132 | €736,760 | €671,659 | -€65,101 | -8.8% |
| Distributable reserves | 133 | €3,440,218 | €3,541,018 | +€100,800 | +2.9% |
| Profit (loss) carried forward | 14 | €1,311 | €1,829 | +€518 | +39.5% |
| Provisions and deferred taxes | 16 | €149,983 | €100,215 | -€49,767 | -33.2% |
| Deferred taxes | 168 | €149,983 | €100,215 | -€49,767 | -33.2% |
| Amounts payable | 17/49 | €833,974 | €1,238,405 | +€404,430 | +48.5% |
| Amounts payable within one year | 42/48 | €811,307 | €1,227,925 | +€416,618 | +51.4% |
| Financial debts | 43 | €1,103 | €845 | -€258 | -23.4% |
| Credit institutions | 430/8 | €1,103 | €845 | -€258 | -23.4% |
| Trade debts | 44 | €209,695 | €197,224 | -€12,471 | -5.9% |
| Suppliers | 440/4 | €209,695 | €197,224 | -€12,471 | -5.9% |
| Taxes, remuneration and social security | 45 | €138,283 | €151,228 | +€12,945 | +9.4% |
| Taxes | 450/3 | €88,947 | €88,372 | -€575 | -0.6% |
| Remuneration and social security | 454/9 | €49,336 | €62,856 | +€13,520 | +27.4% |
| Other amounts payable | 47/48 | €462,226 | €878,628 | +€416,401 | +90.1% |
| Accrued charges and deferred income | 492/3 | €22,668 | €10,480 | -€12,187 | -53.8% |
| Non-recurring operating income | 76A | €177,921 | €58,632 | -€119,289 | -67.0% |
| Remuneration, social security and pensions | 62 | €752,045 | €839,353 | +€87,308 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611,146 | €589,191 | -€21,955 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,911 | -€1,392 | +€1,518 | +52.2% |
| Other operating charges | 640/8 | €12,347 | €16,123 | +€3,776 | +30.6% |
| Non-recurring operating charges | 66A | €538 | - | -€538 | |
| Gross operating margin | 9900 | €2,214,908 | €2,097,639 | -€117,269 | -5.3% |
| Operating profit (loss) | 9901 | €841,743 | €654,365 | -€187,378 | -22.3% |
| Financial income | 75/76B | €13,661 | €7,990 | -€5,671 | -41.5% |
| Recurring financial income | 75 | €13,661 | €7,990 | -€5,671 | -41.5% |
| Financial charges | 65/66B | €2,293 | €2,036 | -€257 | -11.2% |
| Recurring financial charges | 65 | €2,293 | €2,036 | -€257 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €853,111 | €660,318 | -€192,792 | -22.6% |
| Transfer from deferred taxes | 780 | €44,949 | €49,767 | +€4,818 | +10.7% |
| Transfer to deferred taxes | 680 | €30,000 | - | -€30,000 | |
| Income taxes | 67/77 | €273,084 | €235,668 | -€37,415 | -13.7% |
| Profit (loss) for the period | 9904 | €594,976 | €474,417 | -€120,559 | -20.3% |
| Transfer from tax-exempt reserves | 789 | €134,847 | €149,301 | +€14,455 | +10.7% |
| Transfer to tax-exempt reserves | 689 | €157,360 | €84,200 | -€73,160 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €572,462 | €539,518 | -€32,944 | -5.8% |
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 8 October 2026 via checked.be.