JOZEF 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.
JOZEF LAMBRECHTS
Largest movements
- Cash -€27,264
down €27,264 (-58.1%), from €46,903 to €19,639
mainly Debts after one year (-€29,934) and Stocks and contracts (-€14,538)
- Tangible fixed assets -€22,168
down €22,168 (-3.1%), from €705,485 to €683,317
of which Land and buildings: -€16,054
- Stocks and contracts +€14,538
up €14,538 (+23.6%), from €61,607 to €76,145
- Receivables within one year -€11,833
down €11,833 (-18.0%), from €65,855 to €54,021
of which Trade receivables: -€12,041
- Debts after one year -€29,934
down €29,934 (-11.4%), from €263,593 to €233,659
- Profit (loss) carried forward -€11,705
down €11,705 (-38.8%), from -€30,161 to -€41,866
- Tax, wage and social debts -€10,751
down €10,751 (-55.4%), from €19,389 to €8,638
of which Taxes: -€11,041
- Staff costs -€10,286
down €10,286 (-8.8%), from €117,022 to €106,736
- Depreciation -€10,064
down €10,064 (-31.2%), from €32,232 to €22,168
- Financial charges -€4,346
down €4,346 (-27.2%), from €15,980 to €11,634
- Gross operating margin -€4,323
down €4,323 (-3.1%), from €139,991 to €135,668
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 | €887,449 | €842,437 | -€45,013 | -5.1% |
| Fixed assets | 21/28 | €708,260 | €686,235 | -€22,025 | -3.1% |
| Tangible fixed assets | 22/27 | €705,485 | €683,317 | -€22,168 | -3.1% |
| Land and buildings | 22 | €694,596 | €678,542 | -€16,054 | -2.3% |
| Plant, machinery and equipment | 23 | €7,920 | €4,752 | -€3,168 | -40.0% |
| Furniture and vehicles | 24 | €2,969 | €23 | -€2,946 | -99.2% |
| Financial fixed assets | 28 | €2,775 | €2,918 | +€143 | +5.1% |
| Current assets | 29/58 | €179,189 | €156,202 | -€22,987 | -12.8% |
| Stocks and contracts in progress | 3 | €61,607 | €76,145 | +€14,538 | +23.6% |
| Stocks | 30/36 | €61,607 | €76,145 | +€14,538 | +23.6% |
| Amounts receivable within one year | 40/41 | €65,855 | €54,021 | -€11,833 | -18.0% |
| Trade receivables | 40 | €65,855 | €53,814 | -€12,041 | -18.3% |
| Other amounts receivable | 41 | - | €208 | +€208 | |
| Cash at bank and in hand | 54/58 | €46,903 | €19,639 | -€27,264 | -58.1% |
| Deferred charges and accrued income | 490/1 | €4,824 | €6,396 | +€1,572 | +32.6% |
| Total equity and liabilities | 10/49 | €887,449 | €842,437 | -€45,013 | -5.1% |
| Equity | 10/15 | €477,755 | €466,050 | -€11,705 | -2.5% |
| Contributions | 10/11 | €121,468 | €121,468 | = | 0.0% |
| Capital | 10 | €121,468 | €121,468 | = | 0.0% |
| Issued capital | 100 | €121,468 | €121,468 | = | 0.0% |
| Revaluation surpluses | 12 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €64,187 | €64,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,618 | €7,618 | = | 0.0% |
| Legal reserve | 130 | €7,618 | €7,618 | = | 0.0% |
| Distributable reserves | 133 | €56,569 | €56,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,161 | -€41,866 | -€11,705 | -38.8% |
| Amounts payable | 17/49 | €409,694 | €376,387 | -€33,307 | -8.1% |
| Amounts payable after more than one year | 17 | €263,593 | €233,659 | -€29,934 | -11.4% |
| Financial debts | 170/4 | €263,593 | €233,659 | -€29,934 | -11.4% |
| Amounts payable within one year | 42/48 | €146,101 | €142,728 | -€3,374 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €28,315 | €29,934 | +€1,618 | +5.7% |
| Trade debts | 44 | €46,977 | €52,363 | +€5,386 | +11.5% |
| Suppliers | 440/4 | €46,977 | €52,363 | +€5,386 | +11.5% |
| Taxes, remuneration and social security | 45 | €19,389 | €8,638 | -€10,751 | -55.4% |
| Taxes | 450/3 | €15,363 | €4,322 | -€11,041 | -71.9% |
| Remuneration and social security | 454/9 | €4,026 | €4,316 | +€290 | +7.2% |
| Other amounts payable | 47/48 | €51,420 | €51,793 | +€373 | +0.7% |
| Remuneration, social security and pensions | 62 | €117,022 | €106,736 | -€10,286 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,232 | €22,168 | -€10,064 | -31.2% |
| Other operating charges | 640/8 | €6,354 | €6,564 | +€210 | +3.3% |
| Non-recurring operating charges | 66A | €53 | €63 | +€10 | +19.7% |
| Gross operating margin | 9900 | €139,991 | €135,668 | -€4,323 | -3.1% |
| Operating profit (loss) | 9901 | -€15,670 | €137 | +€15,807 | |
| Financial income | 75/76B | €32 | €84 | +€52 | +161% |
| Recurring financial income | 75 | €32 | €84 | +€52 | +161% |
| Financial charges | 65/66B | €15,980 | €11,634 | -€4,346 | -27.2% |
| Recurring financial charges | 65 | €15,980 | €11,634 | -€4,346 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,617 | -€11,413 | +€20,204 | +63.9% |
| Income taxes | 67/77 | €330 | €293 | -€37 | -11.3% |
| Profit (loss) for the period | 9904 | -€31,947 | -€11,705 | +€20,242 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,947 | -€11,705 | +€20,242 | +63.4% |
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 30 October 2026 via checked.be.