DR. GEERT 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. GEERT LAMBRECHT
Largest movements
- Cash +€218,900
up €218,900 (+20.7%), from €1.1m to €1.3m
mainly Net result for the year (+€199,716) and Depreciation (+€42,309)
- Tangible fixed assets -€39,920
down €39,920 (-26.7%), from €149,536 to €109,616
of which Furniture and vehicles: -€25,361
- Reserves +€136,559
up €136,559 (+11.3%), from €1.2m to €1.3m
of which Distributable reserves: +€136,559
- Other debts +€29,349
up €29,349 (+208%), from €14,094 to €43,443
- Gross operating margin +€29,935
up €29,935 (+9.1%), from €328,534 to €358,469
- Other operating charges +€7,919
up €7,919 (+430%), from €1,840 to €9,759
- Staff costs +€7,844
up €7,844 (+112%), from €7,017 to €14,861
- Taxes +€5,753
up €5,753 (+6.8%), from €84,545 to €90,298
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 | €1,266,052 | €1,439,930 | +€173,878 | +13.7% |
| Fixed assets | 21/28 | €149,936 | €110,016 | -€39,920 | -26.6% |
| Tangible fixed assets | 22/27 | €149,536 | €109,616 | -€39,920 | -26.7% |
| Plant, machinery and equipment | 23 | €3,511 | €2,557 | -€953 | -27.2% |
| Furniture and vehicles | 24 | €78,694 | €53,333 | -€25,361 | -32.2% |
| Other tangible fixed assets | 26 | €67,332 | €53,726 | -€13,606 | -20.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,116,116 | €1,329,914 | +€213,798 | +19.2% |
| Amounts receivable within one year | 40/41 | €56,553 | €49,180 | -€7,373 | -13.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €56,553 | €49,180 | -€7,373 | -13.0% |
| Cash at bank and in hand | 54/58 | €1,058,102 | €1,277,002 | +€218,900 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,461 | €3,732 | +€2,272 | +156% |
| Total equity and liabilities | 10/49 | €1,266,052 | €1,439,930 | +€173,878 | +13.7% |
| Equity | 10/15 | €1,226,652 | €1,363,211 | +€136,559 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,208,052 | €1,344,611 | +€136,559 | +11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,206,192 | €1,342,751 | +€136,559 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,400 | €76,719 | +€37,319 | +94.7% |
| Amounts payable within one year | 42/48 | €39,030 | €75,817 | +€36,787 | +94.3% |
| Trade debts | 44 | €1,080 | €4,309 | +€3,229 | +299% |
| Suppliers | 440/4 | €1,080 | €4,309 | +€3,229 | +299% |
| Taxes, remuneration and social security | 45 | €23,856 | €28,065 | +€4,209 | +17.6% |
| Taxes | 450/3 | €23,121 | €27,217 | +€4,096 | +17.7% |
| Remuneration and social security | 454/9 | €734 | €847 | +€113 | +15.4% |
| Other amounts payable | 47/48 | €14,094 | €43,443 | +€29,349 | +208% |
| Accrued charges and deferred income | 492/3 | €370 | €902 | +€533 | +144% |
| Remuneration, social security and pensions | 62 | €7,017 | €14,861 | +€7,844 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,651 | €42,309 | -€342 | -0.8% |
| Other operating charges | 640/8 | €1,840 | €9,759 | +€7,919 | +430% |
| Gross operating margin | 9900 | €328,534 | €358,469 | +€29,935 | +9.1% |
| Operating profit (loss) | 9901 | €277,027 | €291,541 | +€14,514 | +5.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €449 | €1,527 | +€1,078 | +240% |
| Recurring financial charges | 65 | €449 | €1,527 | +€1,078 | +240% |
| Profit (loss) for the period before taxes | 9903 | €276,578 | €290,014 | +€13,436 | +4.9% |
| Income taxes | 67/77 | €84,545 | €90,298 | +€5,753 | +6.8% |
| Profit (loss) for the period | 9904 | €192,033 | €199,716 | +€7,684 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €192,033 | €199,716 | +€7,684 | +4.0% |
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 22 October 2026 via checked.be.