GM ST LAMBERT: 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.
GM ST LAMBERT
Largest movements
- Tangible fixed assets -€17,932
down €17,932 (-18.5%), from €97,063 to €79,131
of which Other tangible fixed assets: -€11,199
- Cash -€8,496
down €8,496 (-44.8%), from €18,949 to €10,453
mainly Debts after one year (-€15,044) and Trade debts (-€14,955)
- Intangible fixed assets -€6,000
down €6,000 (-46.7%), from €12,838 to €6,838
- Receivables within one year +€5,854
up €5,854 (+8.5%), from €69,071 to €74,925
of which Other amounts receivable: +€4,544
- Debts after one year -€15,044
down €15,044 (-17.9%), from €83,944 to €68,900
- Trade debts -€14,955
down €14,955 (-38.3%), from €39,007 to €24,052
- Tax, wage and social debts -€12,198
down €12,198 (-50.8%), from €24,031 to €11,834
of which Remuneration and social security: -€10,966
- Profit (loss) carried forward +€8,493
up €8,493 (+55.3%), from €15,357 to €23,850
- Accrued charges and deferred income +€2,984
up €2,984 (+158%), from €1,887 to €4,870
- Staff costs -€26,226
down €26,226 (-13.0%), from €201,981 to €175,755
- Gross operating margin -€3,305
down €3,305 (-1.5%), from €220,711 to €217,406
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 | €206,937 | €179,282 | -€27,654 | -13.4% |
| Fixed assets | 21/28 | €109,901 | €85,970 | -€23,932 | -21.8% |
| Intangible fixed assets | 21 | €12,838 | €6,838 | -€6,000 | -46.7% |
| Tangible fixed assets | 22/27 | €97,063 | €79,131 | -€17,932 | -18.5% |
| Plant, machinery and equipment | 23 | €2,962 | €1,229 | -€1,733 | -58.5% |
| Furniture and vehicles | 24 | €13,874 | €8,875 | -€4,999 | -36.0% |
| Other tangible fixed assets | 26 | €80,227 | €69,028 | -€11,199 | -14.0% |
| Current assets | 29/58 | €97,035 | €93,313 | -€3,722 | -3.8% |
| Stocks and contracts in progress | 3 | €4,775 | €4,527 | -€247 | -5.2% |
| Stocks | 30/36 | €4,775 | €4,527 | -€247 | -5.2% |
| Amounts receivable within one year | 40/41 | €69,071 | €74,925 | +€5,854 | +8.5% |
| Trade receivables | 40 | €9,987 | €11,297 | +€1,310 | +13.1% |
| Other amounts receivable | 41 | €59,084 | €63,628 | +€4,544 | +7.7% |
| Cash at bank and in hand | 54/58 | €18,949 | €10,453 | -€8,496 | -44.8% |
| Deferred charges and accrued income | 490/1 | €4,240 | €3,407 | -€833 | -19.6% |
| Total equity and liabilities | 10/49 | €206,937 | €179,282 | -€27,654 | -13.4% |
| Equity | 10/15 | €16,857 | €25,350 | +€8,493 | +50.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,357 | €23,850 | +€8,493 | +55.3% |
| Amounts payable | 17/49 | €190,079 | €153,932 | -€36,147 | -19.0% |
| Amounts payable after more than one year | 17 | €83,944 | €68,900 | -€15,044 | -17.9% |
| Financial debts | 170/4 | €83,944 | €68,900 | -€15,044 | -17.9% |
| Amounts payable within one year | 42/48 | €104,249 | €80,162 | -€24,087 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €14,624 | €17,066 | +€2,441 | +16.7% |
| Trade debts | 44 | €39,007 | €24,052 | -€14,955 | -38.3% |
| Suppliers | 440/4 | €39,007 | €24,052 | -€14,955 | -38.3% |
| Taxes, remuneration and social security | 45 | €24,031 | €11,834 | -€12,198 | -50.8% |
| Taxes | 450/3 | €4,604 | €3,373 | -€1,232 | -26.7% |
| Remuneration and social security | 454/9 | €19,427 | €8,461 | -€10,966 | -56.4% |
| Other amounts payable | 47/48 | €26,586 | €27,210 | +€624 | +2.3% |
| Accrued charges and deferred income | 492/3 | €1,887 | €4,870 | +€2,984 | +158% |
| Remuneration, social security and pensions | 62 | €201,981 | €175,755 | -€26,226 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,094 | €23,932 | -€162 | -0.7% |
| Other operating charges | 640/8 | €116 | €855 | +€739 | +637% |
| Non-recurring operating charges | 66A | - | €521 | +€521 | |
| Gross operating margin | 9900 | €220,711 | €217,406 | -€3,305 | -1.5% |
| Operating profit (loss) | 9901 | -€5,480 | €16,344 | +€21,824 | |
| Financial income | 75/76B | €30 | €23 | -€7 | -23.5% |
| Recurring financial income | 75 | €30 | €23 | -€7 | -23.5% |
| Financial charges | 65/66B | €5,316 | €6,032 | +€715 | +13.5% |
| Recurring financial charges | 65 | €5,316 | €6,032 | +€715 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,766 | €10,336 | +€21,102 | |
| Income taxes | 67/77 | €347 | €1,843 | +€1,495 | +431% |
| Profit (loss) for the period | 9904 | -€11,113 | €8,493 | +€19,606 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,113 | €8,493 | +€19,606 |
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 20 October 2026 via checked.be.