Dr. Lamberts Guy: 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. Lamberts Guy
Largest movements
- Current investments -€148,158
down €148,158 (-28.2%), from €525,550 to €377,392
- Cash +€81,160
up €81,160 (+70.1%), from €115,834 to €196,994
mainly Current investments (+€148,158) and Net result for the year (+€134,368)
- Tangible fixed assets -€67,542
down €67,542 (-16.3%), from €413,214 to €345,671
of which Land and buildings: -€78,380
- Other debts -€124,582
down €124,582 (-48.6%), from €256,537 to €131,955
- Tax, wage and social debts -€22,001
down €22,001 (-50.0%), from €44,015 to €22,014
of which Taxes: -€22,111
- Trade debts +€21,480
up €21,480 (+82.5%), from €26,046 to €47,525
- Current portion of long-term debt -€15,820
down €15,820 (-100%), from €15,820 to €0
- Gross operating margin -€113,511
down €113,511 (-25.5%), from €445,382 to €331,871
- Taxes -€35,154
down €35,154 (-37.5%), from €93,770 to €58,616
- Financial income +€17,607
up €17,607 (+318%), from €5,537 to €23,144
- Staff costs +€9,293
up €9,293 (+26.3%), from €35,364 to €44,657
- Depreciation +€7,720
up €7,720 (+7.6%), from €102,006 to €109,726
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 | €1,202,079 | €1,063,865 | -€138,215 | -11.5% |
| Fixed assets | 21/28 | €413,214 | €345,671 | -€67,542 | -16.3% |
| Tangible fixed assets | 22/27 | €413,214 | €345,671 | -€67,542 | -16.3% |
| Land and buildings | 22 | €398,571 | €320,192 | -€78,380 | -19.7% |
| Plant, machinery and equipment | 23 | €11,424 | €23,652 | +€12,228 | +107% |
| Furniture and vehicles | 24 | €3,219 | €1,828 | -€1,390 | -43.2% |
| Current assets | 29/58 | €788,866 | €718,193 | -€70,672 | -9.0% |
| Amounts receivable within one year | 40/41 | €5,599 | €0 | -€5,599 | -100% |
| Trade receivables | 40 | €5,599 | €0 | -€5,599 | -100% |
| Current investments | 50/53 | €525,550 | €377,392 | -€148,158 | -28.2% |
| Cash at bank and in hand | 54/58 | €115,834 | €196,994 | +€81,160 | +70.1% |
| Deferred charges and accrued income | 490/1 | €141,882 | €143,807 | +€1,925 | +1.4% |
| Total equity and liabilities | 10/49 | €1,202,079 | €1,063,865 | -€138,215 | -11.5% |
| Equity | 10/15 | €859,131 | €861,921 | +€2,789 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €852,931 | €855,721 | +€2,789 | +0.3% |
| Distributable reserves | 133 | €852,931 | €855,721 | +€2,789 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €342,948 | €201,944 | -€141,004 | -41.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €342,948 | €201,944 | -€141,004 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €15,820 | €0 | -€15,820 | -100% |
| Financial debts | 43 | €531 | €449 | -€81 | -15.3% |
| Credit institutions | 430/8 | €531 | €0 | -€531 | -100% |
| Other loans | 439 | - | €449 | +€449 | |
| Trade debts | 44 | €26,046 | €47,525 | +€21,480 | +82.5% |
| Suppliers | 440/4 | €26,046 | €47,525 | +€21,480 | +82.5% |
| Taxes, remuneration and social security | 45 | €44,015 | €22,014 | -€22,001 | -50.0% |
| Taxes | 450/3 | €37,618 | €15,507 | -€22,111 | -58.8% |
| Remuneration and social security | 454/9 | €6,397 | €6,507 | +€110 | +1.7% |
| Other amounts payable | 47/48 | €256,537 | €131,955 | -€124,582 | -48.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €35,364 | €44,657 | +€9,293 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,006 | €109,726 | +€7,720 | +7.6% |
| Other operating charges | 640/8 | €5,289 | €5,917 | +€628 | +11.9% |
| Gross operating margin | 9900 | €445,382 | €331,871 | -€113,511 | -25.5% |
| Operating profit (loss) | 9901 | €302,723 | €171,571 | -€131,152 | -43.3% |
| Financial income | 75/76B | €5,537 | €23,144 | +€17,607 | +318% |
| Recurring financial income | 75 | €5,537 | €23,144 | +€17,607 | +318% |
| Financial charges | 65/66B | €5,936 | €1,731 | -€4,206 | -70.8% |
| Recurring financial charges | 65 | €5,936 | €1,731 | -€4,206 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €302,324 | €192,985 | -€109,339 | -36.2% |
| Income taxes | 67/77 | €93,770 | €58,616 | -€35,154 | -37.5% |
| Profit (loss) for the period | 9904 | €208,554 | €134,368 | -€74,185 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €208,554 | €134,368 | -€74,185 | -35.6% |
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 20 October 2026 via checked.be.