Omer Lemmens: what changed
Omer Lemmens
Largest movements
- Tangible fixed assets -€121,747
down €121,747 (-37.1%), from €328,547 to €206,800
of which Furniture and vehicles: -€116,139
- Receivables within one year +€40,226
up €40,226 (+270%), from €14,906 to €55,132
of which Trade receivables: +€30,190
- Cash -€29,399
down €29,399 (-78.0%), from €37,712 to €8,313
mainly Debts after one year (-€77,827) and Receivables within one year (-€40,226)
- Debts after one year -€77,827
down €77,827 (-60.3%), from €129,069 to €51,242
- Reserves -€33,774
down €33,774 (-29.3%), from €115,296 to €81,522
of which Tax-exempt reserves: -€33,774
- Profit (loss) carried forward +€15,426
new in 2025: €15,426
- Provisions -€11,258
down €11,258 (-58.1%), from €19,374 to €8,116
- Trade debts +€5,300
up €5,300 (+22.4%), from €23,708 to €29,008
- Gross operating margin +€28,349
up €28,349 (+27.1%), from €104,503 to €132,852
- Other operating charges +€5,395
up €5,395 (+204%), from €2,646 to €8,042
- Depreciation -€2,992
down €2,992 (-2.0%), from €151,769 to €148,777
- Financial charges -€2,092
down €2,092 (-27.9%), from €7,504 to €5,412
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,181 | €296,268 | -€107,913 | -26.7% |
| Fixed assets | 21/28 | €328,547 | €206,800 | -€121,747 | -37.1% |
| Tangible fixed assets | 22/27 | €328,547 | €206,800 | -€121,747 | -37.1% |
| Land and buildings | 22 | €21,349 | €13,900 | -€7,449 | -34.9% |
| Plant, machinery and equipment | 23 | €13,379 | €34,721 | +€21,342 | +160% |
| Furniture and vehicles | 24 | €258,069 | €141,930 | -€116,139 | -45.0% |
| Leasing and similar rights | 25 | €35,750 | €16,250 | -€19,500 | -54.5% |
| Current assets | 29/58 | €75,633 | €89,467 | +€13,834 | +18.3% |
| Stocks and contracts in progress | 3 | €22,000 | €24,500 | +€2,500 | +11.4% |
| Stocks | 30/36 | €22,000 | €24,500 | +€2,500 | +11.4% |
| Amounts receivable within one year | 40/41 | €14,906 | €55,132 | +€40,226 | +270% |
| Trade receivables | 40 | - | €30,190 | +€30,190 | |
| Other amounts receivable | 41 | €14,906 | €24,942 | +€10,036 | +67.3% |
| Cash at bank and in hand | 54/58 | €37,712 | €8,313 | -€29,399 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,522 | +€507 | +50.0% |
| Total equity and liabilities | 10/49 | €404,181 | €296,268 | -€107,913 | -26.7% |
| Equity | 10/15 | €147,596 | €129,248 | -€18,348 | -12.4% |
| Contributions | 10/11 | €32,300 | €32,300 | = | 0.0% |
| Reserves | 13 | €115,296 | €81,522 | -€33,774 | -29.3% |
| Tax-exempt reserves | 132 | €58,122 | €24,348 | -€33,774 | -58.1% |
| Distributable reserves | 133 | €57,174 | €57,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €15,426 | +€15,426 | |
| Provisions and deferred taxes | 16 | €19,374 | €8,116 | -€11,258 | -58.1% |
| Deferred taxes | 168 | €19,374 | €8,116 | -€11,258 | -58.1% |
| Amounts payable | 17/49 | €237,210 | €158,904 | -€78,306 | -33.0% |
| Amounts payable after more than one year | 17 | €129,069 | €51,242 | -€77,827 | -60.3% |
| Financial debts | 170/4 | €129,069 | €51,242 | -€77,827 | -60.3% |
| Amounts payable within one year | 42/48 | €108,141 | €107,662 | -€480 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €82,835 | €77,827 | -€5,008 | -6.0% |
| Trade debts | 44 | €23,708 | €29,008 | +€5,300 | +22.4% |
| Suppliers | 440/4 | €23,708 | €29,008 | +€5,300 | +22.4% |
| Taxes, remuneration and social security | 45 | €1,598 | €826 | -€771 | -48.3% |
| Taxes | 450/3 | €1,598 | €826 | -€771 | -48.3% |
| Non-recurring operating income | 76A | €3,700 | - | -€3,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,769 | €148,777 | -€2,992 | -2.0% |
| Other operating charges | 640/8 | €2,646 | €8,042 | +€5,395 | +204% |
| Gross operating margin | 9900 | €104,503 | €132,852 | +€28,349 | +27.1% |
| Operating profit (loss) | 9901 | -€49,913 | -€23,967 | +€25,946 | +52.0% |
| Financial income | 75/76B | - | €598 | +€598 | |
| Recurring financial income | 75 | - | €598 | +€598 | |
| Financial charges | 65/66B | €7,504 | €5,412 | -€2,092 | -27.9% |
| Recurring financial charges | 65 | €7,504 | €5,412 | -€2,092 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,417 | -€28,780 | +€28,637 | +49.9% |
| Transfer from deferred taxes | 780 | €11,258 | €11,258 | = | 0.0% |
| Income taxes | 67/77 | €868 | €826 | -€42 | -4.8% |
| Profit (loss) for the period | 9904 | -€47,027 | -€18,348 | +€28,679 | +61.0% |
| Transfer from tax-exempt reserves | 789 | €33,774 | €33,774 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,253 | €15,426 | +€28,679 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.