DIRK LAMBRECHT: 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.
DIRK LAMBRECHT
Largest movements
- Receivables within one year -€35,361
down €35,361 (-70.0%), from €50,516 to €15,155
of which Other amounts receivable: -€34,119
- Current investments +€30,960
up €30,960 (+54.4%), from €56,923 to €87,883
- Tangible fixed assets -€8,556
down €8,556 (-2.8%), from €302,057 to €293,501
of which Land and buildings: -€14,491
- Cash -€8,053
down €8,053 (-63.5%), from €12,676 to €4,623
mainly Current investments (-€30,960) and Debts after one year (-€29,583)
- Debts after one year -€29,583
down €29,583 (-19.0%), from €155,920 to €126,337
- Reserves +€6,849
up €6,849 (+14.3%), from €47,977 to €54,826
- Tax, wage and social debts +€5,222
up €5,222 (+937%), from €557 to €5,779
- Gross operating margin -€57,577
down €57,577 (-57.3%), from €100,497 to €42,920
- Taxes -€18,195
down €18,195 (-82.9%), from €21,948 to €3,753
- Depreciation +€1,369
up €1,369 (+4.5%), from €30,091 to €31,460
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 | €432,744 | €411,611 | -€21,133 | -4.9% |
| Fixed assets | 21/28 | €302,057 | €293,501 | -€8,556 | -2.8% |
| Tangible fixed assets | 22/27 | €302,057 | €293,501 | -€8,556 | -2.8% |
| Land and buildings | 22 | €282,013 | €267,522 | -€14,491 | -5.1% |
| Plant, machinery and equipment | 23 | - | €7,490 | +€7,490 | |
| Furniture and vehicles | 24 | €20,044 | €18,490 | -€1,554 | -7.8% |
| Current assets | 29/58 | €130,687 | €118,110 | -€12,577 | -9.6% |
| Amounts receivable within one year | 40/41 | €50,516 | €15,155 | -€35,361 | -70.0% |
| Trade receivables | 40 | €9,718 | €8,476 | -€1,242 | -12.8% |
| Other amounts receivable | 41 | €40,798 | €6,679 | -€34,119 | -83.6% |
| Current investments | 50/53 | €56,923 | €87,883 | +€30,960 | +54.4% |
| Cash at bank and in hand | 54/58 | €12,676 | €4,623 | -€8,053 | -63.5% |
| Deferred charges and accrued income | 490/1 | €10,571 | €10,449 | -€123 | -1.2% |
| Total equity and liabilities | 10/49 | €432,744 | €411,611 | -€21,133 | -4.9% |
| Equity | 10/15 | €238,236 | €245,085 | +€6,849 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,977 | €54,826 | +€6,849 | +14.3% |
| Distributable reserves | 133 | €47,977 | €54,826 | +€6,849 | +14.3% |
| Profit (loss) carried forward | 14 | €171,659 | €171,659 | = | 0.0% |
| Amounts payable | 17/49 | €194,507 | €166,526 | -€27,981 | -14.4% |
| Amounts payable after more than one year | 17 | €155,920 | €126,337 | -€29,583 | -19.0% |
| Financial debts | 170/4 | €155,920 | €126,337 | -€29,583 | -19.0% |
| Amounts payable within one year | 42/48 | €38,587 | €40,189 | +€1,601 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €29,302 | €29,583 | +€280 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,728 | €4,828 | -€3,901 | -44.7% |
| Suppliers | 440/4 | €8,728 | €4,828 | -€3,901 | -44.7% |
| Taxes, remuneration and social security | 45 | €557 | €5,779 | +€5,222 | +937% |
| Taxes | 450/3 | €557 | €5,779 | +€5,222 | +937% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,091 | €31,460 | +€1,369 | +4.5% |
| Other operating charges | 640/8 | €1,526 | €1,333 | -€193 | -12.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €100,497 | €42,920 | -€57,577 | -57.3% |
| Operating profit (loss) | 9901 | €68,879 | €10,127 | -€58,753 | -85.3% |
| Financial income | 75/76B | €1,495 | €2,429 | +€934 | +62.5% |
| Recurring financial income | 75 | €1,495 | €2,429 | +€934 | +62.5% |
| Financial charges | 65/66B | €2,309 | €1,955 | -€355 | -15.4% |
| Recurring financial charges | 65 | €2,309 | €1,955 | -€355 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €68,065 | €10,601 | -€57,464 | -84.4% |
| Income taxes | 67/77 | €21,948 | €3,753 | -€18,195 | -82.9% |
| Profit (loss) for the period | 9904 | €46,117 | €6,849 | -€39,268 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,117 | €6,849 | -€39,268 | -85.1% |
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 16 October 2026 via checked.be.