GEERT LAMBRECHTS: 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.
GEERT LAMBRECHTS
Largest movements
- Receivables within one year +€15,065
up €15,065 (+28.3%), from €53,288 to €68,353
of which Other amounts receivable: +€9,859
- Tangible fixed assets -€11,550
down €11,550 (-19.1%), from €60,525 to €48,975
of which Furniture and vehicles: -€10,194
- Cash +€2,245
up €2,245 (+76.4%), from €2,937 to €5,182
mainly Other debts (+€19,345) and Depreciation (+€11,550)
- Other debts +€19,345
new in 2025: €19,345
- Reserves -€9,487
down €9,487 (-12.2%), from €77,856 to €68,369
- Debts after one year -€7,491
down €7,491 (-38.7%), from €19,375 to €11,885
- Tax, wage and social debts +€3,646
up €3,646 (+82.1%), from €4,442 to €8,088
- Gross operating margin +€19,096
up €19,096 (+543%), from €3,516 to €22,612
- Depreciation +€4,487
up €4,487 (+63.5%), from €7,062 to €11,550
- Taxes +€1,050
up €1,050 (+1,348%), from €78 to €1,127
- Financial charges +€497
up €497 (+64.0%), from €777 to €1,274
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 | €116,749 | €122,510 | +€5,760 | +4.9% |
| Fixed assets | 21/28 | €60,525 | €48,975 | -€11,550 | -19.1% |
| Tangible fixed assets | 22/27 | €60,525 | €48,975 | -€11,550 | -19.1% |
| Land and buildings | 22 | €17,620 | €16,264 | -€1,356 | -7.7% |
| Furniture and vehicles | 24 | €42,905 | €32,711 | -€10,194 | -23.8% |
| Current assets | 29/58 | €56,225 | €73,535 | +€17,310 | +30.8% |
| Amounts receivable within one year | 40/41 | €53,288 | €68,353 | +€15,065 | +28.3% |
| Trade receivables | 40 | €25,043 | €30,250 | +€5,207 | +20.8% |
| Other amounts receivable | 41 | €28,244 | €38,103 | +€9,859 | +34.9% |
| Cash at bank and in hand | 54/58 | €2,937 | €5,182 | +€2,245 | +76.4% |
| Total equity and liabilities | 10/49 | €116,749 | €122,510 | +€5,760 | +4.9% |
| Equity | 10/15 | €84,056 | €74,569 | -€9,487 | -11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,856 | €68,369 | -€9,487 | -12.2% |
| Distributable reserves | 133 | €77,856 | €68,369 | -€9,487 | -12.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,694 | €47,941 | +€15,247 | +46.6% |
| Amounts payable after more than one year | 17 | €19,375 | €11,885 | -€7,491 | -38.7% |
| Financial debts | 170/4 | €19,375 | €11,885 | -€7,491 | -38.7% |
| Amounts payable within one year | 42/48 | €13,319 | €36,057 | +€22,738 | +171% |
| Current portion of amounts payable after more than one year | 42 | €7,162 | €7,491 | +€328 | +4.6% |
| Trade debts | 44 | €1,715 | €1,133 | -€582 | -33.9% |
| Suppliers | 440/4 | €1,715 | €1,133 | -€582 | -33.9% |
| Taxes, remuneration and social security | 45 | €4,442 | €8,088 | +€3,646 | +82.1% |
| Taxes | 450/3 | €4,442 | €8,088 | +€3,646 | +82.1% |
| Other amounts payable | 47/48 | - | €19,345 | +€19,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,062 | €11,550 | +€4,487 | +63.5% |
| Other operating charges | 640/8 | €555 | €602 | +€47 | +8.5% |
| Gross operating margin | 9900 | €3,516 | €22,612 | +€19,096 | +543% |
| Operating profit (loss) | 9901 | -€4,101 | €10,460 | +€14,561 | |
| Financial income | 75/76B | €1,995 | €1,799 | -€196 | -9.8% |
| Recurring financial income | 75 | €1,995 | €1,799 | -€196 | -9.8% |
| Financial charges | 65/66B | €777 | €1,274 | +€497 | +64.0% |
| Recurring financial charges | 65 | €777 | €1,274 | +€497 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,882 | €10,986 | +€13,868 | |
| Income taxes | 67/77 | €78 | €1,127 | +€1,050 | +1,348% |
| Profit (loss) for the period | 9904 | -€2,960 | €9,858 | +€12,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,960 | €9,858 | +€12,819 |
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 26 October 2026 via checked.be.