The Lemon: 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.
The Lemon
Largest movements
- Deferred charges and accrued income +€20,458
up €20,458 (+2896.3%), from €706 to €21,164
- Intangible fixed assets -€8,571
down €8,571 (-16.9%), from €50,773 to €42,201
- Financial fixed assets +€5,373
new in 2025: €5,373
- Stocks and contracts -€1,383
down €1,383 (-13.5%), from €10,214 to €8,831
- Tangible fixed assets +€1,158
up €1,158 (+11.3%), from €10,258 to €11,416
of which Plant, machinery and equipment: +€2,108
- Profit (loss) carried forward -€25,440
down €25,440 (-262.1%), from -€9,707 to -€35,147
- Debts after one year -€22,649
down €22,649 (-27.6%), from €82,170 to €59,521
- Advances received +€20,392
new in 2025: €20,392
- Trade debts +€14,608
up €14,608 (+196.9%), from €7,419 to €22,027
- Current portion of long-term debt +€11,492
new in 2025: €11,492
- Gross operating margin -€18,867
down €18,867, from €10,406 to -€8,461
- Staff costs -€4,372
down €4,372 (-100.0%), from €4,372 to €0
- Financial charges +€898
up €898 (+65.2%), from €1,377 to €2,275
- Financial income -€186
down €186 (-65.6%), from €284 to €98
- Other operating charges +€170
up €170 (+6.2%), from €2,726 to €2,896
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,436 | €110,568 | +€18,132 | +19.6% |
| Fixed assets | 21/28 | €61,031 | €58,991 | -€2,040 | -3.3% |
| Intangible fixed assets | 21 | €50,773 | €42,201 | -€8,571 | -16.9% |
| Tangible fixed assets | 22/27 | €10,258 | €11,416 | +€1,158 | +11.3% |
| Plant, machinery and equipment | 23 | €6,653 | €8,761 | +€2,108 | +31.7% |
| Furniture and vehicles | 24 | €3,605 | €2,655 | -€950 | -26.3% |
| Financial fixed assets | 28 | - | €5,373 | +€5,373 | |
| Current assets | 29/58 | €31,405 | €51,577 | +€20,172 | +64.2% |
| Stocks and contracts in progress | 3 | €10,214 | €8,831 | -€1,383 | -13.5% |
| Stocks | 30/36 | €10,214 | €8,831 | -€1,383 | -13.5% |
| Amounts receivable within one year | 40/41 | €13,452 | €14,154 | +€702 | +5.2% |
| Trade receivables | 40 | €6,135 | €1,369 | -€4,766 | -77.7% |
| Other amounts receivable | 41 | €7,316 | €12,784 | +€5,468 | +74.7% |
| Cash at bank and in hand | 54/58 | €7,033 | €7,428 | +€396 | +5.6% |
| Deferred charges and accrued income | 490/1 | €706 | €21,164 | +€20,458 | +2896.3% |
| Total equity and liabilities | 10/49 | €92,436 | €110,568 | +€18,132 | +19.6% |
| Equity | 10/15 | -€9,707 | -€25,147 | -€15,440 | -159.1% |
| Contributions | 10/11 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€9,707 | -€35,147 | -€25,440 | -262.1% |
| Amounts payable | 17/49 | €102,143 | €135,715 | +€33,572 | +32.9% |
| Amounts payable after more than one year | 17 | €82,170 | €59,521 | -€22,649 | -27.6% |
| Financial debts | 170/4 | €82,170 | €59,521 | -€22,649 | -27.6% |
| Amounts payable within one year | 42/48 | €19,075 | €74,896 | +€55,821 | +292.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,492 | +€11,492 | |
| Trade debts | 44 | €7,419 | €22,027 | +€14,608 | +196.9% |
| Suppliers | 440/4 | €7,419 | €22,027 | +€14,608 | +196.9% |
| Advances received on contracts in progress | 46 | - | €20,392 | +€20,392 | |
| Taxes, remuneration and social security | 45 | €3,035 | €7,892 | +€4,857 | +160.0% |
| Taxes | 450/3 | €3,035 | €7,892 | +€4,857 | +160.0% |
| Other amounts payable | 47/48 | €8,621 | €13,093 | +€4,472 | +51.9% |
| Accrued charges and deferred income | 492/3 | €898 | €1,298 | +€400 | +44.5% |
| Remuneration, social security and pensions | 62 | €4,372 | €0 | -€4,372 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,921 | €11,906 | -€15 | -0.1% |
| Other operating charges | 640/8 | €2,726 | €2,896 | +€170 | +6.2% |
| Gross operating margin | 9900 | €10,406 | -€8,461 | -€18,867 | |
| Operating profit (loss) | 9901 | -€8,614 | -€23,263 | -€14,649 | -170.1% |
| Financial income | 75/76B | €284 | €98 | -€186 | -65.6% |
| Recurring financial income | 75 | €284 | €98 | -€186 | -65.6% |
| Financial charges | 65/66B | €1,377 | €2,275 | +€898 | +65.2% |
| Recurring financial charges | 65 | €1,377 | €2,275 | +€898 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,707 | -€25,440 | -€15,733 | -162.1% |
| Profit (loss) for the period | 9904 | -€9,707 | -€25,440 | -€15,733 | -162.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,707 | -€25,440 | -€15,733 | -162.1% |
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 1 October 2026 via checked.be.