Dr. LAMIROY H: 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. LAMIROY H
Largest movements
- Current investments -€40,000
down €40,000 (-10.8%), from €370,000 to €330,000
- Cash +€38,267
up €38,267 (+52.6%), from €72,710 to €110,977
mainly Net result for the year (+€45,956) and Current investments (+€40,000)
- Tangible fixed assets -€8,333
down €8,333 (-51.8%), from €16,084 to €7,751
of which Land and buildings: -€6,160
- Other debts -€50,493
down €50,493 (-64.9%), from €77,805 to €27,312
- Reserves +€45,956
up €45,956 (+12.4%), from €371,022 to €416,978
of which Distributable reserves: +€45,956
- Gross operating margin -€31,954
down €31,954 (-29.0%), from €110,072 to €78,117
- Depreciation -€16,267
down €16,267 (-88.2%), from €18,441 to €2,173
- Taxes -€5,885
down €5,885 (-18.7%), from €31,478 to €25,593
- Financial charges -€1,184
down €1,184 (-21.5%), from €5,517 to €4,333
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 | €477,134 | €468,603 | -€8,532 | -1.8% |
| Fixed assets | 21/28 | €16,084 | €7,751 | -€8,333 | -51.8% |
| Tangible fixed assets | 22/27 | €16,084 | €7,751 | -€8,333 | -51.8% |
| Land and buildings | 22 | €6,160 | €0 | -€6,160 | -100% |
| Furniture and vehicles | 24 | €2,426 | €1,597 | -€829 | -34.2% |
| Other tangible fixed assets | 26 | €7,499 | €6,154 | -€1,344 | -17.9% |
| Current assets | 29/58 | €461,050 | €460,851 | -€199 | 0.0% |
| Amounts receivable within one year | 40/41 | €13,491 | €14,436 | +€944 | +7.0% |
| Trade receivables | 40 | €13,491 | €13,314 | -€178 | -1.3% |
| Other amounts receivable | 41 | - | €1,122 | +€1,122 | |
| Current investments | 50/53 | €370,000 | €330,000 | -€40,000 | -10.8% |
| Cash at bank and in hand | 54/58 | €72,710 | €110,977 | +€38,267 | +52.6% |
| Deferred charges and accrued income | 490/1 | €4,849 | €5,439 | +€590 | +12.2% |
| Total equity and liabilities | 10/49 | €477,134 | €468,603 | -€8,532 | -1.8% |
| Equity | 10/15 | €383,422 | €429,378 | +€45,956 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €371,022 | €416,978 | +€45,956 | +12.4% |
| Non-distributable reserves | 130/1 | €4,573 | €4,573 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,573 | €4,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €192 | €192 | = | 0.0% |
| Distributable reserves | 133 | €366,257 | €412,213 | +€45,956 | +12.5% |
| Amounts payable | 17/49 | €93,713 | €39,225 | -€54,488 | -58.1% |
| Amounts payable within one year | 42/48 | €92,064 | €38,078 | -€53,987 | -58.6% |
| Trade debts | 44 | €3,528 | €3,210 | -€319 | -9.0% |
| Suppliers | 440/4 | €3,528 | €3,210 | -€319 | -9.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,731 | €7,556 | -€3,174 | -29.6% |
| Taxes | 450/3 | €10,731 | €7,396 | -€3,334 | -31.1% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €77,805 | €27,312 | -€50,493 | -64.9% |
| Accrued charges and deferred income | 492/3 | €1,649 | €1,147 | -€501 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,441 | €2,173 | -€16,267 | -88.2% |
| Other operating charges | 640/8 | €4,421 | €4,301 | -€120 | -2.7% |
| Non-recurring operating charges | 66A | - | €6,160 | +€6,160 | |
| Gross operating margin | 9900 | €110,072 | €78,117 | -€31,954 | -29.0% |
| Operating profit (loss) | 9901 | €87,210 | €65,484 | -€21,727 | -24.9% |
| Financial income | 75/76B | €9,745 | €10,399 | +€655 | +6.7% |
| Recurring financial income | 75 | €9,745 | €10,399 | +€655 | +6.7% |
| Financial charges | 65/66B | €5,517 | €4,333 | -€1,184 | -21.5% |
| Recurring financial charges | 65 | €5,517 | €4,333 | -€1,184 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €91,438 | €71,550 | -€19,889 | -21.8% |
| Income taxes | 67/77 | €31,478 | €25,593 | -€5,885 | -18.7% |
| Profit (loss) for the period | 9904 | €59,960 | €45,956 | -€14,004 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,960 | €45,956 | -€14,004 | -23.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.