JOS LAMBRICHTS: 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.
JOS LAMBRICHTS
Largest movements
- Tangible fixed assets -€204,355
down €204,355 (-6.2%), from €3.3m to €3.1m
of which Land and buildings: -€174,151
- Receivables within one year +€179,204
up €179,204 (+55.8%), from €321,140 to €500,345
of which Trade receivables: +€179,841
- Stocks and contracts +€54,466
up €54,466 (+9.0%), from €602,027 to €656,493
- Debts after one year -€368,785
down €368,785 (-12.9%), from €2.9m to €2.5m
of which Other amounts payable: -€200,271
- Reserves +€277,161
up €277,161 (+17.9%), from €1.5m to €1.8m
- Trade debts +€48,258
up €48,258 (+174%), from €27,706 to €75,964
- Gross operating margin +€128,234
up €128,234 (+17.0%), from €756,153 to €884,387
- Staff costs +€57,001
up €57,001 (+58.5%), from €97,495 to €154,496
- Taxes +€56,667
up €56,667 (+83.5%), from €67,890 to €124,557
- Financial charges -€14,952
down €14,952 (-27.4%), from €54,558 to €39,606
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 | €4,684,265 | €4,672,612 | -€11,653 | -0.2% |
| Fixed assets | 21/28 | €3,270,306 | €3,065,952 | -€204,355 | -6.2% |
| Tangible fixed assets | 22/27 | €3,270,306 | €3,065,952 | -€204,355 | -6.2% |
| Land and buildings | 22 | €2,918,378 | €2,744,228 | -€174,151 | -6.0% |
| Plant, machinery and equipment | 23 | €138,430 | €126,919 | -€11,511 | -8.3% |
| Furniture and vehicles | 24 | €69,642 | €38,475 | -€31,166 | -44.8% |
| Other tangible fixed assets | 26 | €143,857 | €156,330 | +€12,473 | +8.7% |
| Current assets | 29/58 | €1,413,959 | €1,606,661 | +€192,702 | +13.6% |
| Stocks and contracts in progress | 3 | €602,027 | €656,493 | +€54,466 | +9.0% |
| Stocks | 30/36 | €602,027 | €656,493 | +€54,466 | +9.0% |
| Amounts receivable within one year | 40/41 | €321,140 | €500,345 | +€179,204 | +55.8% |
| Trade receivables | 40 | €257,736 | €437,577 | +€179,841 | +69.8% |
| Other amounts receivable | 41 | €63,405 | €62,767 | -€637 | -1.0% |
| Cash at bank and in hand | 54/58 | €474,803 | €432,897 | -€41,906 | -8.8% |
| Deferred charges and accrued income | 490/1 | €15,988 | €16,926 | +€937 | +5.9% |
| Total equity and liabilities | 10/49 | €4,684,265 | €4,672,612 | -€11,653 | -0.2% |
| Equity | 10/15 | €1,648,873 | €1,926,034 | +€277,161 | +16.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,548,873 | €1,826,034 | +€277,161 | +17.9% |
| Distributable reserves | 133 | €1,548,873 | €1,826,034 | +€277,161 | +17.9% |
| Amounts payable | 17/49 | €3,035,393 | €2,746,579 | -€288,814 | -9.5% |
| Amounts payable after more than one year | 17 | €2,855,040 | €2,486,254 | -€368,785 | -12.9% |
| Financial debts | 170/4 | €1,852,919 | €1,684,405 | -€168,514 | -9.1% |
| Other amounts payable | 178/9 | €1,002,120 | €801,849 | -€200,271 | -20.0% |
| Amounts payable within one year | 42/48 | €180,353 | €260,325 | +€79,972 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €102,667 | €102,667 | = | 0.0% |
| Trade debts | 44 | €27,706 | €75,964 | +€48,258 | +174% |
| Suppliers | 440/4 | €27,706 | €75,964 | +€48,258 | +174% |
| Taxes, remuneration and social security | 45 | €49,980 | €81,694 | +€31,714 | +63.5% |
| Taxes | 450/3 | €16,366 | €39,843 | +€23,477 | +143% |
| Remuneration and social security | 454/9 | €33,614 | €41,851 | +€8,237 | +24.5% |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Remuneration, social security and pensions | 62 | €97,495 | €154,496 | +€57,001 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,226 | €257,666 | +€1,440 | +0.6% |
| Other operating charges | 640/8 | €29,481 | €30,914 | +€1,433 | +4.9% |
| Gross operating margin | 9900 | €756,153 | €884,387 | +€128,234 | +17.0% |
| Operating profit (loss) | 9901 | €372,950 | €441,311 | +€68,361 | +18.3% |
| Financial income | 75/76B | €15 | €12 | -€3 | -20.2% |
| Recurring financial income | 75 | €15 | €12 | -€3 | -20.2% |
| Financial charges | 65/66B | €54,558 | €39,606 | -€14,952 | -27.4% |
| Recurring financial charges | 65 | €54,558 | €39,606 | -€14,952 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €318,407 | €401,717 | +€83,310 | +26.2% |
| Income taxes | 67/77 | €67,890 | €124,557 | +€56,667 | +83.5% |
| Profit (loss) for the period | 9904 | €250,517 | €277,161 | +€26,644 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €250,517 | €277,161 | +€26,644 | +10.6% |
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 24 October 2026 via checked.be.