RÉMI LEMAIRE: what changed
Two financial 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.
RÉMI LEMAIRE
Largest movements
- Tangible fixed assets +€38,028
up €38,028 (+48.2%), from €78,827 to €116,855
- Cash -€9,592
down €9,592 (-14.1%), from €68,239 to €58,647
mainly Investment in fixed assets (net) (-€51,468) and Contributions, distributions and other (-€40,005)
- Deferred charges and accrued income +€4,310
up €4,310 (+12.6%), from €34,251 to €38,561
- Other debts +€39,955
up €39,955 (+9,640%), from €414 to €40,370
- Debts after one year -€7,309
down €7,309 (-14.0%), from €52,164 to €44,855
- Gross operating margin +€10,970
up €10,970 (+18.7%), from €58,538 to €69,508
- Depreciation +€5,715
up €5,715 (+74.0%), from €7,725 to €13,440
- Taxes -€749
down €749 (-5.7%), from €13,225 to €12,476
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.
Derived cash bridge
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 | €185,593 | €218,362 | +€32,769 | +17.7% |
| Fixed assets | 21/28 | €78,827 | €116,855 | +€38,028 | +48.2% |
| Tangible fixed assets | 22/27 | €78,827 | €116,855 | +€38,028 | +48.2% |
| Land and buildings | 22 | €62,731 | €77,112 | +€14,381 | +22.9% |
| Plant, machinery and equipment | 23 | €5,510 | €23,812 | +€18,302 | +332% |
| Furniture and vehicles | 24 | €10,586 | €15,932 | +€5,346 | +50.5% |
| Current assets | 29/58 | €106,765 | €101,507 | -€5,259 | -4.9% |
| Amounts receivable within one year | 40/41 | €4,275 | €4,299 | +€24 | +0.6% |
| Other amounts receivable | 41 | €4,275 | €4,299 | +€24 | +0.6% |
| Cash at bank and in hand | 54/58 | €68,239 | €58,647 | -€9,592 | -14.1% |
| Deferred charges and accrued income | 490/1 | €34,251 | €38,561 | +€4,310 | +12.6% |
| Total equity and liabilities | 10/49 | €185,593 | €218,362 | +€32,769 | +17.7% |
| Equity | 10/15 | €124,648 | €124,630 | -€18 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €122,130 | €122,130 | = | 0.0% |
| Distributable reserves | 133 | €122,130 | €122,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18 | - | -€18 | |
| Amounts payable | 17/49 | €60,944 | €93,732 | +€32,788 | +53.8% |
| Amounts payable after more than one year | 17 | €52,164 | €44,855 | -€7,309 | -14.0% |
| Financial debts | 170/4 | €52,164 | €44,855 | -€7,309 | -14.0% |
| Amounts payable within one year | 42/48 | €8,781 | €48,877 | +€40,097 | +457% |
| Current portion of amounts payable after more than one year | 42 | €7,174 | €7,309 | +€135 | +1.9% |
| Trade debts | 44 | €1,033 | €1,038 | +€6 | +0.6% |
| Suppliers | 440/4 | €1,033 | €1,038 | +€6 | +0.6% |
| Taxes, remuneration and social security | 45 | €160 | €160 | = | 0.0% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €414 | €40,370 | +€39,955 | +9,640% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,725 | €13,440 | +€5,715 | +74.0% |
| Other operating charges | 640/8 | €230 | €353 | +€123 | +53.5% |
| Gross operating margin | 9900 | €58,538 | €69,508 | +€10,970 | +18.7% |
| Operating profit (loss) | 9901 | €50,583 | €55,715 | +€5,132 | +10.1% |
| Financial charges | 65/66B | €3,824 | €3,252 | -€572 | -15.0% |
| Recurring financial charges | 65 | €3,824 | €3,252 | -€572 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €46,759 | €52,463 | +€5,704 | +12.2% |
| Income taxes | 67/77 | €13,225 | €12,476 | -€749 | -5.7% |
| Profit (loss) for the period | 9904 | €33,534 | €39,987 | +€6,453 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,534 | €39,987 | +€6,453 | +19.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.