ETS LAMBERT Jean-Luc: what changed
ETS LAMBERT Jean-Luc
Largest movements
- Tangible fixed assets +€114,748
up €114,748 (+127%), from €90,537 to €205,285
of which Furniture and vehicles: +€114,360
- Receivables within one year +€15,321
up €15,321 (+16.5%), from €92,849 to €108,170
of which Other amounts receivable: +€22,272
- Cash -€15,255
down €15,255 (-14.6%), from €104,191 to €88,935
mainly Investment in fixed assets (net) (-€175,401) and Contributions, distributions and other (-€27,000)
- Stocks and contracts -€7,744
down €7,744 (-26.4%), from €29,356 to €21,612
- Reserves +€38,500
up €38,500 (+15.8%), from €243,592 to €282,092
- Debts after one year +€37,537
up €37,537 (+522%), from €7,192 to €44,729
- Other debts +€20,152
up €20,152 (+178%), from €11,312 to €31,464
- Current portion of long-term debt +€11,613
up €11,613 (+92.5%), from €12,549 to €24,162
- Gross operating margin +€70,575
up €70,575 (+29.6%), from €238,778 to €309,354
- Staff costs +€25,027
up €25,027 (+18.3%), from €136,783 to €161,810
- Depreciation +€17,368
up €17,368 (+40.1%), from €43,285 to €60,652
- Taxes +€4,134
up €4,134 (+23.4%), from €17,700 to €21,834
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,517 | €432,303 | +€108,786 | +33.6% |
| Fixed assets | 21/28 | €90,537 | €205,285 | +€114,748 | +127% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €90,537 | €205,285 | +€114,748 | +127% |
| Plant, machinery and equipment | 23 | €3,379 | €1,865 | -€1,513 | -44.8% |
| Furniture and vehicles | 24 | €81,470 | €195,830 | +€114,360 | +140% |
| Other tangible fixed assets | 26 | €5,689 | €7,590 | +€1,902 | +33.4% |
| Current assets | 29/58 | €232,980 | €227,018 | -€5,962 | -2.6% |
| Stocks and contracts in progress | 3 | €29,356 | €21,612 | -€7,744 | -26.4% |
| Stocks | 30/36 | €29,356 | €21,612 | -€7,744 | -26.4% |
| Amounts receivable within one year | 40/41 | €92,849 | €108,170 | +€15,321 | +16.5% |
| Trade receivables | 40 | €89,720 | €82,769 | -€6,951 | -7.7% |
| Other amounts receivable | 41 | €3,129 | €25,401 | +€22,272 | +712% |
| Cash at bank and in hand | 54/58 | €104,191 | €88,935 | -€15,255 | -14.6% |
| Deferred charges and accrued income | 490/1 | €6,585 | €8,301 | +€1,716 | +26.1% |
| Total equity and liabilities | 10/49 | €323,517 | €432,303 | +€108,786 | +33.6% |
| Equity | 10/15 | €273,592 | €312,092 | +€38,500 | +14.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €243,592 | €282,092 | +€38,500 | +15.8% |
| Distributable reserves | 133 | €243,592 | €282,092 | +€38,500 | +15.8% |
| Amounts payable | 17/49 | €49,925 | €120,211 | +€70,286 | +141% |
| Amounts payable after more than one year | 17 | €7,192 | €44,729 | +€37,537 | +522% |
| Financial debts | 170/4 | €7,192 | €44,729 | +€37,537 | +522% |
| Amounts payable within one year | 42/48 | €42,733 | €75,482 | +€32,748 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €12,549 | €24,162 | +€11,613 | +92.5% |
| Trade debts | 44 | €5,924 | €3,676 | -€2,248 | -37.9% |
| Suppliers | 440/4 | €5,924 | €3,676 | -€2,248 | -37.9% |
| Taxes, remuneration and social security | 45 | €12,949 | €16,179 | +€3,231 | +24.9% |
| Taxes | 450/3 | €8,360 | €7,834 | -€526 | -6.3% |
| Remuneration and social security | 454/9 | €4,589 | €8,346 | +€3,757 | +81.9% |
| Other amounts payable | 47/48 | €11,312 | €31,464 | +€20,152 | +178% |
| Remuneration, social security and pensions | 62 | €136,783 | €161,810 | +€25,027 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,285 | €60,652 | +€17,368 | +40.1% |
| Other operating charges | 640/8 | €1,796 | €2,188 | +€392 | +21.8% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €238,778 | €309,354 | +€70,575 | +29.6% |
| Operating profit (loss) | 9901 | €56,915 | €84,645 | +€27,731 | +48.7% |
| Financial income | 75/76B | €4,285 | €4,626 | +€341 | +8.0% |
| Recurring financial income | 75 | €4,285 | €4,626 | +€341 | +8.0% |
| Financial charges | 65/66B | €976 | €1,937 | +€961 | +98.5% |
| Recurring financial charges | 65 | €976 | €1,937 | +€961 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €60,223 | €87,334 | +€27,111 | +45.0% |
| Income taxes | 67/77 | €17,700 | €21,834 | +€4,134 | +23.4% |
| Profit (loss) for the period | 9904 | €42,524 | €65,500 | +€22,977 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,524 | €65,500 | +€22,977 | +54.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.