Ms Lemons: 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.
Ms Lemons
Largest movements
- Tangible fixed assets +€389,148
up €389,148 (+31.3%), from €1.2m to €1.6m
- Cash -€216,984
down €216,984 (-88.6%), from €244,881 to €27,897
mainly Investment in fixed assets (net) (-€440,000) and Provisions (-€40,039)
- Debts +€226,329
up €226,329 (+29.7%), from €762,955 to €989,284
of which Debts after one year: +€224,705
- Provisions -€40,039
down €40,039 (-29.4%), from €136,134 to €96,095
- Depreciation +€12,940
up €12,940 (+34.1%), from €37,913 to €50,852
- Gross operating margin -€12,748
down €12,748 (-43.5%), from €29,287 to €16,539
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,486,679 | €1,658,824 | +€172,146 | +11.6% |
| Fixed assets | 21/28 | €1,241,779 | €1,630,927 | +€389,148 | +31.3% |
| Tangible fixed assets | 22/27 | €1,241,779 | €1,630,927 | +€389,148 | +31.3% |
| Current assets | 29/58 | €244,899 | €27,897 | -€217,002 | -88.6% |
| Amounts receivable within one year | 40/41 | €18 | - | -€18 | |
| Cash at bank and in hand | 54/58 | €244,881 | €27,897 | -€216,984 | -88.6% |
| Total equity and liabilities | 10/49 | €1,486,679 | €1,658,824 | +€172,146 | +11.6% |
| Equity | 10/15 | €587,589 | €573,445 | -€14,145 | -2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €525,589 | €511,445 | -€14,145 | -2.7% |
| Provisions and deferred taxes | 16 | €136,134 | €96,095 | -€40,039 | -29.4% |
| Amounts payable | 17/49 | €762,955 | €989,284 | +€226,329 | +29.7% |
| Amounts payable after more than one year | 17 | €738,912 | €963,617 | +€224,705 | +30.4% |
| Amounts payable within one year | 42/48 | €6,351 | €8,552 | +€2,201 | +34.7% |
| Trade debts | 44 | €278 | €2,381 | +€2,102 | +754.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,913 | €50,852 | +€12,940 | +34.1% |
| Gross operating margin | 9900 | €29,287 | €16,539 | -€12,748 | -43.5% |
| Operating profit (loss) | 9901 | -€9,494 | -€35,181 | -€25,687 | -270.6% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -80.8% |
| Recurring financial charges | 65 | €18,716 | €19,003 | +€287 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,205 | -€54,183 | -€25,978 | -92.1% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -87.8% |
| Profit (loss) for the period | 9904 | -€23,794 | -€14,145 | +€9,650 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,290 | -€39,267 | -€25,977 | -195.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.