Dr. Charles 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.
Dr. Charles Lambrecht
Largest movements
- Current investments +€275,000
up €275,000 (+220%), from €125,000 to €400,000
- Cash -€191,376
down €191,376 (-38.5%), from €496,694 to €305,318
mainly Current investments (-€275,000) and Contributions, distributions and other (-€184,046)
- Receivables within one year +€19,081
up €19,081 (+146%), from €13,051 to €32,132
of which Trade receivables: +€18,175
- Tangible fixed assets -€17,553
down €17,553 (-39.2%), from €44,795 to €27,241
- Other debts +€180,675
up €180,675 (+5,361%), from €3,370 to €184,046
- Tax, wage and social debts -€88,137
down €88,137 (-56.0%), from €157,471 to €69,334
- Debts after one year -€10,208
down €10,208 (-42.4%), from €24,062 to €13,854
- Gross operating margin +€30,997
up €30,997 (+13.5%), from €229,885 to €260,882
- Taxes -€6,114
down €6,114 (-9.3%), from €65,932 to €59,817
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 | €683,056 | €767,774 | +€84,717 | +12.4% |
| Fixed assets | 21/28 | €44,795 | €27,241 | -€17,553 | -39.2% |
| Tangible fixed assets | 22/27 | €44,795 | €27,241 | -€17,553 | -39.2% |
| Furniture and vehicles | 24 | €44,795 | €27,241 | -€17,553 | -39.2% |
| Current assets | 29/58 | €638,262 | €740,532 | +€102,271 | +16.0% |
| Amounts receivable within one year | 40/41 | €13,051 | €32,132 | +€19,081 | +146% |
| Trade receivables | 40 | €13,051 | €31,226 | +€18,175 | +139% |
| Other amounts receivable | 41 | - | €905 | +€905 | |
| Current investments | 50/53 | €125,000 | €400,000 | +€275,000 | +220% |
| Cash at bank and in hand | 54/58 | €496,694 | €305,318 | -€191,376 | -38.5% |
| Deferred charges and accrued income | 490/1 | €3,517 | €3,082 | -€434 | -12.3% |
| Total equity and liabilities | 10/49 | €683,056 | €767,774 | +€84,717 | +12.4% |
| Equity | 10/15 | €478,532 | €478,532 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €475,532 | €475,532 | = | 0.0% |
| Distributable reserves | 133 | €475,532 | €475,532 | = | 0.0% |
| Amounts payable | 17/49 | €204,524 | €289,241 | +€84,717 | +41.4% |
| Amounts payable after more than one year | 17 | €24,062 | €13,854 | -€10,208 | -42.4% |
| Financial debts | 170/4 | €24,062 | €13,854 | -€10,208 | -42.4% |
| Amounts payable within one year | 42/48 | €173,027 | €262,154 | +€89,127 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €7,292 | €8,750 | +€1,458 | +20.0% |
| Trade debts | 44 | €4,894 | €25 | -€4,869 | -99.5% |
| Suppliers | 440/4 | €4,894 | €25 | -€4,869 | -99.5% |
| Taxes, remuneration and social security | 45 | €157,471 | €69,334 | -€88,137 | -56.0% |
| Taxes | 450/3 | €157,471 | €69,334 | -€88,137 | -56.0% |
| Other amounts payable | 47/48 | €3,370 | €184,046 | +€180,675 | +5,361% |
| Accrued charges and deferred income | 492/3 | €7,435 | €13,233 | +€5,798 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,750 | €18,882 | +€132 | +0.7% |
| Other operating charges | 640/8 | €885 | €1,248 | +€363 | +41.0% |
| Gross operating margin | 9900 | €229,885 | €260,882 | +€30,997 | +13.5% |
| Operating profit (loss) | 9901 | €210,249 | €240,751 | +€30,502 | +14.5% |
| Financial income | 75/76B | €5,244 | €3,660 | -€1,584 | -30.2% |
| Recurring financial income | 75 | €5,244 | €3,660 | -€1,584 | -30.2% |
| Financial charges | 65/66B | €1,063 | €548 | -€515 | -48.4% |
| Recurring financial charges | 65 | €1,063 | €548 | -€515 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €214,430 | €243,863 | +€29,433 | +13.7% |
| Income taxes | 67/77 | €65,932 | €59,817 | -€6,114 | -9.3% |
| Profit (loss) for the period | 9904 | €148,499 | €184,046 | +€35,547 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €148,499 | €184,046 | +€35,547 | +23.9% |
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 23 October 2026 via checked.be.