DR. LAMBRECHTS DIRK: 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. LAMBRECHTS DIRK
Largest movements
- Tangible fixed assets +€75,780
up €75,780 (+40.0%), from €189,450 to €265,229
of which Land and buildings: +€88,425
- Cash -€46,665
down €46,665 (-25.2%), from €184,853 to €138,187
mainly Investment in fixed assets (net) (-€121,510) and Debts after one year (-€11,286)
- Reserves +€35,559
up €35,559 (+9.5%), from €374,415 to €409,974
- Debts after one year -€11,286
down €11,286 (-59.6%), from €18,933 to €7,647
- Trade debts +€9,118
up €9,118 (+145%), from €6,290 to €15,408
- Depreciation +€7,658
up €7,658 (+20.1%), from €38,072 to €45,730
- Taxes -€2,237
down €2,237 (-11.8%), from €19,005 to €16,769
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 | €453,317 | €482,286 | +€28,970 | +6.4% |
| Fixed assets | 21/28 | €189,450 | €265,229 | +€75,780 | +40.0% |
| Tangible fixed assets | 22/27 | €189,450 | €265,229 | +€75,780 | +40.0% |
| Land and buildings | 22 | €152,768 | €241,194 | +€88,425 | +57.9% |
| Plant, machinery and equipment | 23 | €209 | €1,409 | +€1,200 | +574% |
| Furniture and vehicles | 24 | €36,472 | €22,627 | -€13,846 | -38.0% |
| Current assets | 29/58 | €263,867 | €217,057 | -€46,810 | -17.7% |
| Amounts receivable within one year | 40/41 | €45,799 | €44,083 | -€1,716 | -3.7% |
| Trade receivables | 40 | €16,569 | €10,864 | -€5,706 | -34.4% |
| Other amounts receivable | 41 | €29,230 | €33,219 | +€3,989 | +13.6% |
| Current investments | 50/53 | €31,971 | €31,971 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €184,853 | €138,187 | -€46,665 | -25.2% |
| Deferred charges and accrued income | 490/1 | €1,244 | €2,816 | +€1,572 | +126% |
| Total equity and liabilities | 10/49 | €453,317 | €482,286 | +€28,970 | +6.4% |
| Equity | 10/15 | €386,820 | €422,379 | +€35,559 | +9.2% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €374,415 | €409,974 | +€35,559 | +9.5% |
| Distributable reserves | 133 | €374,415 | €409,974 | +€35,559 | +9.5% |
| Amounts payable | 17/49 | €66,496 | €59,907 | -€6,590 | -9.9% |
| Amounts payable after more than one year | 17 | €18,933 | €7,647 | -€11,286 | -59.6% |
| Financial debts | 170/4 | €18,933 | €7,647 | -€11,286 | -59.6% |
| Amounts payable within one year | 42/48 | €37,899 | €44,354 | +€6,455 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €11,068 | €11,286 | +€218 | +2.0% |
| Trade debts | 44 | €6,290 | €15,408 | +€9,118 | +145% |
| Suppliers | 440/4 | €6,290 | €15,408 | +€9,118 | +145% |
| Taxes, remuneration and social security | 45 | €13,427 | €12,001 | -€1,425 | -10.6% |
| Taxes | 450/3 | €9,455 | €7,930 | -€1,525 | -16.1% |
| Remuneration and social security | 454/9 | €3,972 | €4,072 | +€99 | +2.5% |
| Other amounts payable | 47/48 | €7,115 | €5,660 | -€1,455 | -20.5% |
| Accrued charges and deferred income | 492/3 | €9,665 | €7,906 | -€1,760 | -18.2% |
| Remuneration, social security and pensions | 62 | €29,114 | €30,086 | +€972 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,072 | €45,730 | +€7,658 | +20.1% |
| Other operating charges | 640/8 | €3,594 | €3,423 | -€171 | -4.8% |
| Gross operating margin | 9900 | €131,635 | €130,409 | -€1,226 | -0.9% |
| Operating profit (loss) | 9901 | €60,855 | €51,170 | -€9,685 | -15.9% |
| Financial income | 75/76B | €2,349 | €2,519 | +€170 | +7.2% |
| Recurring financial income | 75 | €2,349 | €2,519 | +€170 | +7.2% |
| Financial charges | 65/66B | €1,785 | €1,361 | -€424 | -23.7% |
| Recurring financial charges | 65 | €1,785 | €1,361 | -€424 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €61,419 | €52,328 | -€9,091 | -14.8% |
| Income taxes | 67/77 | €19,005 | €16,769 | -€2,237 | -11.8% |
| Profit (loss) for the period | 9904 | €42,414 | €35,559 | -€6,855 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,414 | €35,559 | -€6,855 | -16.2% |
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 18 October 2026 via checked.be.