Anthony Lams: 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.
Anthony Lams
Largest movements
- Cash +€27,171
up €27,171 (+632.1%), from €4,299 to €31,470
mainly Debts after one year (+€25,000) and Net result for the year (+€13,942)
- Tangible fixed assets +€13,950
up €13,950 (+38.7%), from €36,041 to €49,991
of which Land and buildings: +€17,693
- Receivables within one year -€8,302
down €8,302 (-7.5%), from €110,680 to €102,379
of which Other amounts receivable: -€12,074
- Stocks and contracts -€2,828
down €2,828 (-3.5%), from €81,705 to €78,877
- Debts after one year +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Short-term financial debts -€24,039
down €24,039 (-33.5%), from €71,660 to €47,620
- Profit (loss) carried forward +€13,942
up €13,942 (+30.9%), from €45,083 to €59,025
- Tax, wage and social debts +€9,042
up €9,042 (+152.2%), from €5,940 to €14,982
of which Remuneration and social security: +€9,267
- Current portion of long-term debt +€3,937
new in 2025: €3,937
- Gross operating margin -€28,765
down €28,765 (-21.2%), from €135,874 to €107,109
- Financial charges -€13,699
down €13,699 (-58.1%), from €23,589 to €9,890
of which Non-recurring financial charges: -€17,570
- Staff costs -€7,954
down €7,954 (-10.7%), from €74,619 to €66,665
- Taxes -€1,876
down €1,876 (-24.9%), from €7,543 to €5,668
- Depreciation +€1,416
up €1,416 (+27.6%), from €5,128 to €6,544
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 | €239,903 | €267,748 | +€27,845 | +11.6% |
| Fixed assets | 21/28 | €36,041 | €49,991 | +€13,950 | +38.7% |
| Tangible fixed assets | 22/27 | €36,041 | €49,991 | +€13,950 | +38.7% |
| Land and buildings | 22 | €20,235 | €37,928 | +€17,693 | +87.4% |
| Plant, machinery and equipment | 23 | €11,904 | €9,361 | -€2,543 | -21.4% |
| Furniture and vehicles | 24 | €3,902 | €2,702 | -€1,200 | -30.7% |
| Current assets | 29/58 | €203,862 | €217,757 | +€13,895 | +6.8% |
| Stocks and contracts in progress | 3 | €81,705 | €78,877 | -€2,828 | -3.5% |
| Stocks | 30/36 | €81,705 | €78,877 | -€2,828 | -3.5% |
| Amounts receivable within one year | 40/41 | €110,680 | €102,379 | -€8,302 | -7.5% |
| Trade receivables | 40 | €38,452 | €42,224 | +€3,772 | +9.8% |
| Other amounts receivable | 41 | €72,229 | €60,155 | -€12,074 | -16.7% |
| Cash at bank and in hand | 54/58 | €4,299 | €31,470 | +€27,171 | +632.1% |
| Deferred charges and accrued income | 490/1 | €7,178 | €5,031 | -€2,147 | -29.9% |
| Total equity and liabilities | 10/49 | €239,903 | €267,748 | +€27,845 | +11.6% |
| Equity | 10/15 | €51,083 | €65,025 | +€13,942 | +27.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,083 | €59,025 | +€13,942 | +30.9% |
| Amounts payable | 17/49 | €188,820 | €202,723 | +€13,903 | +7.4% |
| Amounts payable after more than one year | 17 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Financial debts | 170/4 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Amounts payable within one year | 42/48 | €113,820 | €102,723 | -€11,097 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,937 | +€3,937 | |
| Financial debts | 43 | €71,660 | €47,620 | -€24,039 | -33.5% |
| Credit institutions | 430/8 | €71,660 | €47,620 | -€24,039 | -33.5% |
| Trade debts | 44 | €34,846 | €35,240 | +€394 | +1.1% |
| Suppliers | 440/4 | €34,846 | €35,240 | +€394 | +1.1% |
| Taxes, remuneration and social security | 45 | €5,940 | €14,982 | +€9,042 | +152.2% |
| Taxes | 450/3 | €4,023 | €3,798 | -€225 | -5.6% |
| Remuneration and social security | 454/9 | €1,917 | €11,184 | +€9,267 | +483.5% |
| Other amounts payable | 47/48 | €1,374 | €943 | -€431 | -31.3% |
| Remuneration, social security and pensions | 62 | €74,619 | €66,665 | -€7,954 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,128 | €6,544 | +€1,416 | +27.6% |
| Other operating charges | 640/8 | €3,487 | €4,502 | +€1,015 | +29.1% |
| Gross operating margin | 9900 | €135,874 | €107,109 | -€28,765 | -21.2% |
| Operating profit (loss) | 9901 | €52,640 | €29,398 | -€23,242 | -44.2% |
| Financial income | 75/76B | €426 | €102 | -€324 | -76.1% |
| Recurring financial income | 75 | €426 | €102 | -€324 | -76.1% |
| Financial charges | 65/66B | €23,589 | €9,890 | -€13,699 | -58.1% |
| Recurring financial charges | 65 | €6,019 | €9,890 | +€3,872 | +64.3% |
| Non-recurring financial charges | 66B | €17,570 | - | -€17,570 | |
| Profit (loss) for the period before taxes | 9903 | €29,477 | €19,609 | -€9,868 | -33.5% |
| Income taxes | 67/77 | €7,543 | €5,668 | -€1,876 | -24.9% |
| Profit (loss) for the period | 9904 | €21,934 | €13,942 | -€7,992 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,934 | €13,942 | -€7,992 | -36.4% |
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 10 October 2026 via checked.be.