LEMCO: 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.
LEMCO
Largest movements
- Cash -€65,498
down €65,498 (-31.1%), from €210,891 to €145,392
mainly Investment in fixed assets (net) (-€49,548) and Contributions, distributions and other (-€32,401)
- Tangible fixed assets +€28,957
up €28,957 (+8.1%), from €357,731 to €386,688
of which Furniture and vehicles: +€42,263
- Other debts -€11,917
down €11,917 (-25.4%), from €47,005 to €35,087
- Reserves -€9,902
down €9,902 (-3.8%), from €258,870 to €248,969
of which Distributable reserves: -€7,174
- Tax, wage and social debts -€9,129
down €9,129 (-59.4%), from €15,379 to €6,250
of which Taxes: -€6,938
- Trade debts -€5,991
down €5,991 (-13.7%), from €43,850 to €37,859
- Write-downs -€37,297
new in 2025: -€37,297
- Other operating charges +€27,220
up €27,220 (+195%), from €13,937 to €41,157
- Gross operating margin -€16,629
down €16,629 (-21.9%), from €75,973 to €59,343
- Depreciation +€8,547
up €8,547 (+71.0%), from €12,044 to €20,591
- Staff costs -€4,281
down €4,281 (-83.3%), from €5,138 to €857
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 | €596,868 | €557,520 | -€39,348 | -6.6% |
| Fixed assets | 21/28 | €357,805 | €386,762 | +€28,957 | +8.1% |
| Tangible fixed assets | 22/27 | €357,731 | €386,688 | +€28,957 | +8.1% |
| Land and buildings | 22 | €339,220 | €327,336 | -€11,884 | -3.5% |
| Furniture and vehicles | 24 | €11,914 | €54,178 | +€42,263 | +355% |
| Other tangible fixed assets | 26 | €6,596 | €5,174 | -€1,423 | -21.6% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €239,063 | €170,758 | -€68,305 | -28.6% |
| Amounts receivable after more than one year | 29 | €13,000 | €13,000 | = | 0.0% |
| Other amounts receivable | 291 | €13,000 | €13,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,094 | €6,339 | +€246 | +4.0% |
| Trade receivables | 40 | €5,622 | €5,321 | -€301 | -5.4% |
| Other amounts receivable | 41 | €472 | €1,019 | +€547 | +116% |
| Cash at bank and in hand | 54/58 | €210,891 | €145,392 | -€65,498 | -31.1% |
| Deferred charges and accrued income | 490/1 | €9,078 | €6,026 | -€3,052 | -33.6% |
| Total equity and liabilities | 10/49 | €596,868 | €557,520 | -€39,348 | -6.6% |
| Equity | 10/15 | €420,246 | €410,345 | -€9,902 | -2.4% |
| Contributions | 10/11 | €161,376 | €161,376 | = | 0.0% |
| Reserves | 13 | €258,870 | €248,969 | -€9,902 | -3.8% |
| Tax-exempt reserves | 132 | €83,394 | €80,667 | -€2,727 | -3.3% |
| Distributable reserves | 133 | €175,476 | €168,302 | -€7,174 | -4.1% |
| Provisions and deferred taxes | 16 | €38,940 | €38,031 | -€909 | -2.3% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,000 | €15,000 | = | 0.0% |
| Deferred taxes | 168 | €23,940 | €23,031 | -€909 | -3.8% |
| Amounts payable | 17/49 | €137,682 | €109,145 | -€28,537 | -20.7% |
| Amounts payable within one year | 42/48 | €106,234 | €79,197 | -€27,037 | -25.5% |
| Trade debts | 44 | €43,850 | €37,859 | -€5,991 | -13.7% |
| Suppliers | 440/4 | €43,850 | €37,859 | -€5,991 | -13.7% |
| Taxes, remuneration and social security | 45 | €15,379 | €6,250 | -€9,129 | -59.4% |
| Taxes | 450/3 | €13,166 | €6,229 | -€6,938 | -52.7% |
| Remuneration and social security | 454/9 | €2,213 | €22 | -€2,191 | -99.0% |
| Other amounts payable | 47/48 | €47,005 | €35,087 | -€11,917 | -25.4% |
| Accrued charges and deferred income | 492/3 | €31,448 | €29,948 | -€1,500 | -4.8% |
| Remuneration, social security and pensions | 62 | €5,138 | €857 | -€4,281 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,044 | €20,591 | +€8,547 | +71.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€37,297 | -€37,297 | |
| Other operating charges | 640/8 | €13,937 | €41,157 | +€27,220 | +195% |
| Gross operating margin | 9900 | €75,973 | €59,343 | -€16,629 | -21.9% |
| Operating profit (loss) | 9901 | €44,853 | €34,036 | -€10,818 | -24.1% |
| Financial income | 75/76B | €719 | €2,130 | +€1,411 | +196% |
| Recurring financial income | 75 | €719 | €2,130 | +€1,411 | +196% |
| Financial charges | 65/66B | €389 | €427 | +€38 | +9.7% |
| Recurring financial charges | 65 | €389 | €427 | +€38 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €45,183 | €35,738 | -€9,445 | -20.9% |
| Transfer from deferred taxes | 780 | €909 | €909 | +€0 | 0.0% |
| Income taxes | 67/77 | €16,945 | €14,148 | -€2,797 | -16.5% |
| Profit (loss) for the period | 9904 | €29,147 | €22,499 | -€6,648 | -22.8% |
| Transfer from tax-exempt reserves | 789 | €2,727 | €2,727 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,874 | €25,226 | -€6,648 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.