Bernard Lambert: 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.
Bernard Lambert
Largest movements
- Cash -€1.7m
down €1.7m (-83.7%), from €2.1m to €334,753
mainly Contributions, distributions and other (-€1.5m) and Investment in fixed assets (net) (-€750,154)
- Tangible fixed assets +€693,146
up €693,146 (+1244.6%), from €55,694 to €748,840
of which Land and buildings: +€641,879
- Receivables within one year +€22,350
up €22,350 (+171.1%), from €13,066 to €35,416
- Profit (loss) carried forward -€906,100
down €906,100 (-81.4%), from €1.1m to €207,583
- Reserves -€372,210
down €372,210 (-39.4%), from €943,625 to €571,415
of which Distributable reserves: -€372,210
- Other debts +€140,260
up €140,260 (+256.3%), from €54,724 to €194,983
- Accrued charges and deferred income +€82,840
new in 2025: €82,840
- Tax, wage and social debts +€48,806
up €48,806 (+1469.0%), from €3,322 to €52,128
of which Taxes: +€48,034
- Gross operating margin -€58,606
down €58,606 (-12.3%), from €478,208 to €419,602
- Taxes -€31,215
down €31,215 (-27.3%), from €114,249 to €83,034
- Depreciation +€30,334
up €30,334 (+113.7%), from €26,674 to €57,008
- Financial income -€26,460
no longer reported in 2025 (was €26,460)
- Staff costs +€5,895
up €5,895 (+23.7%), from €24,881 to €30,776
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 | €2,134,867 | €1,130,658 | -€1.0m | -47.0% |
| Fixed assets | 21/28 | €55,694 | €748,840 | +€693,146 | +1244.6% |
| Tangible fixed assets | 22/27 | €55,694 | €748,840 | +€693,146 | +1244.6% |
| Land and buildings | 22 | - | €641,879 | +€641,879 | |
| Plant, machinery and equipment | 23 | €2,347 | €1,691 | -€657 | -28.0% |
| Furniture and vehicles | 24 | €53,347 | €23,778 | -€29,569 | -55.4% |
| Assets under construction and advance payments | 27 | - | €81,493 | +€81,493 | |
| Current assets | 29/58 | €2,079,173 | €381,818 | -€1.7m | -81.6% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,066 | €35,416 | +€22,350 | +171.1% |
| Other amounts receivable | 41 | €13,066 | €35,416 | +€22,350 | +171.1% |
| Cash at bank and in hand | 54/58 | €2,057,351 | €334,753 | -€1.7m | -83.7% |
| Deferred charges and accrued income | 490/1 | €2,756 | €5,648 | +€2,893 | +105.0% |
| Total equity and liabilities | 10/49 | €2,134,867 | €1,130,658 | -€1.0m | -47.0% |
| Equity | 10/15 | €2,075,908 | €797,598 | -€1.3m | -61.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €943,625 | €571,415 | -€372,210 | -39.4% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €775,225 | €403,015 | -€372,210 | -48.0% |
| Profit (loss) carried forward | 14 | €1,113,683 | €207,583 | -€906,100 | -81.4% |
| Amounts payable | 17/49 | €58,959 | €333,061 | +€274,102 | +464.9% |
| Amounts payable within one year | 42/48 | €58,959 | €250,221 | +€191,262 | +324.4% |
| Trade debts | 44 | €913 | €3,110 | +€2,197 | +240.7% |
| Suppliers | 440/4 | €913 | €3,110 | +€2,197 | +240.7% |
| Taxes, remuneration and social security | 45 | €3,322 | €52,128 | +€48,806 | +1469.0% |
| Taxes | 450/3 | - | €48,034 | +€48,034 | |
| Remuneration and social security | 454/9 | €3,322 | €4,094 | +€772 | +23.2% |
| Other amounts payable | 47/48 | €54,724 | €194,983 | +€140,260 | +256.3% |
| Accrued charges and deferred income | 492/3 | - | €82,840 | +€82,840 | |
| Remuneration, social security and pensions | 62 | €24,881 | €30,776 | +€5,895 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,674 | €57,008 | +€30,334 | +113.7% |
| Other operating charges | 640/8 | €6,392 | €6,849 | +€457 | +7.2% |
| Gross operating margin | 9900 | €478,208 | €419,602 | -€58,606 | -12.3% |
| Operating profit (loss) | 9901 | €420,261 | €324,968 | -€95,292 | -22.7% |
| Financial income | 75/76B | €26,460 | - | -€26,460 | |
| Recurring financial income | 75 | €26,460 | - | -€26,460 | |
| Financial charges | 65/66B | €127 | €245 | +€118 | +93.4% |
| Recurring financial charges | 65 | €127 | €245 | +€118 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €446,594 | €324,724 | -€121,871 | -27.3% |
| Income taxes | 67/77 | €114,249 | €83,034 | -€31,215 | -27.3% |
| Profit (loss) for the period | 9904 | €332,345 | €241,690 | -€90,656 | -27.3% |
| Transfer from tax-exempt reserves | 789 | €147,350 | - | -€147,350 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €395,495 | €241,690 | -€153,806 | -38.9% |
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 30 September 2026 via checked.be.