Dr. Scott Lamers: 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. Scott Lamers
Largest movements
- Tangible fixed assets +€60,041
new in 2025: €60,041
- Cash +€54,227
up €54,227 (+914%), from €5,932 to €60,159
mainly Net result for the year (+€75,712) and Debts after one year (+€50,260)
- Receivables within one year +€24,850
up €24,850 (+78.7%), from €31,555 to €56,405
of which Trade receivables: +€24,395
- Current investments +€5,000
new in 2025: €5,000
- Deferred charges and accrued income +€2,374
new in 2025: €2,374
- Reserves +€74,879
up €74,879 (+315%), from €23,751 to €98,630
- Debts after one year +€50,260
new in 2025: €50,260
- Tax, wage and social debts +€13,291
up €13,291 (+214%), from €6,200 to €19,491
- Current portion of long-term debt +€11,819
new in 2025: €11,819
- Other debts -€2,703
down €2,703 (-76.4%), from €3,536 to €833
- Gross operating margin +€68,167
up €68,167 (+221%), from €30,856 to €99,023
- Taxes +€13,291
up €13,291 (+214%), from €6,200 to €19,491
- Depreciation +€3,005
new in 2025: €3,005
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 | €37,487 | €183,978 | +€146,491 | +391% |
| Fixed assets | 21/28 | - | €60,041 | +€60,041 | |
| Tangible fixed assets | 22/27 | - | €60,041 | +€60,041 | |
| Furniture and vehicles | 24 | - | €60,041 | +€60,041 | |
| Current assets | 29/58 | €37,487 | €123,938 | +€86,450 | +231% |
| Amounts receivable within one year | 40/41 | €31,555 | €56,405 | +€24,850 | +78.7% |
| Trade receivables | 40 | €31,555 | €55,950 | +€24,395 | +77.3% |
| Other amounts receivable | 41 | - | €454 | +€454 | |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €5,932 | €60,159 | +€54,227 | +914% |
| Deferred charges and accrued income | 490/1 | - | €2,374 | +€2,374 | |
| Total equity and liabilities | 10/49 | €37,487 | €183,978 | +€146,491 | +391% |
| Equity | 10/15 | €26,251 | €101,130 | +€74,879 | +285% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,751 | €98,630 | +€74,879 | +315% |
| Distributable reserves | 133 | €23,751 | €98,630 | +€74,879 | +315% |
| Amounts payable | 17/49 | €11,236 | €82,848 | +€71,612 | +637% |
| Amounts payable after more than one year | 17 | - | €50,260 | +€50,260 | |
| Financial debts | 170/4 | - | €50,260 | +€50,260 | |
| Amounts payable within one year | 42/48 | €11,236 | €32,588 | +€21,352 | +190% |
| Current portion of amounts payable after more than one year | 42 | - | €11,819 | +€11,819 | |
| Trade debts | 44 | €1,500 | €445 | -€1,055 | -70.3% |
| Suppliers | 440/4 | €1,500 | €445 | -€1,055 | -70.3% |
| Taxes, remuneration and social security | 45 | €6,200 | €19,491 | +€13,291 | +214% |
| Taxes | 450/3 | €6,200 | €19,491 | +€13,291 | +214% |
| Other amounts payable | 47/48 | €3,536 | €833 | -€2,703 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,005 | +€3,005 | |
| Other operating charges | 640/8 | €106 | €320 | +€215 | +203% |
| Gross operating margin | 9900 | €30,856 | €99,023 | +€68,167 | +221% |
| Operating profit (loss) | 9901 | €30,751 | €95,698 | +€64,947 | +211% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €495 | +€495 | |
| Recurring financial charges | 65 | - | €495 | +€495 | |
| Profit (loss) for the period before taxes | 9903 | €30,751 | €95,203 | +€64,452 | +210% |
| Income taxes | 67/77 | €6,200 | €19,491 | +€13,291 | +214% |
| Profit (loss) for the period | 9904 | €24,551 | €75,712 | +€51,161 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €24,551 | €75,712 | +€51,161 | +208% |
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.