KOEN 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.
KOEN LAMBRECHTS
Largest movements
- Cash +€20,806
up €20,806 (+22.9%), from €90,934 to €111,740
mainly Other debts (+€18,528) and Net result for the year (+€12,558)
- Tangible fixed assets -€8,215
down €8,215 (-90.5%), from €9,081 to €866
of which Furniture and vehicles: -€7,637
- Other debts +€18,528
up €18,528, from €0 to €18,528
- Reserves -€8,442
down €8,442 (-2.7%), from €317,063 to €308,621
- Gross operating margin -€37,277
down €37,277 (-62.4%), from €59,713 to €22,436
- Taxes -€9,251
down €9,251 (-64.6%), from €14,321 to €5,070
- Depreciation -€1,058
down €1,058 (-11.4%), from €9,273 to €8,215
- Other operating charges -€730
down €730 (-24.7%), from €2,953 to €2,222
- Financial income +€632
up €632 (+12.5%), from €5,041 to €5,673
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 | €338,406 | €348,676 | +€10,270 | +3.0% |
| Fixed assets | 21/28 | €9,081 | €866 | -€8,215 | -90.5% |
| Tangible fixed assets | 22/27 | €9,081 | €866 | -€8,215 | -90.5% |
| Plant, machinery and equipment | 23 | €1,445 | €866 | -€578 | -40.0% |
| Furniture and vehicles | 24 | €7,637 | €0 | -€7,637 | -100% |
| Current assets | 29/58 | €329,325 | €347,810 | +€18,485 | +5.6% |
| Stocks and contracts in progress | 3 | €17,820 | €16,951 | -€869 | -4.9% |
| Stocks | 30/36 | €17,820 | €16,951 | -€869 | -4.9% |
| Amounts receivable within one year | 40/41 | €17,903 | €15,770 | -€2,132 | -11.9% |
| Trade receivables | 40 | €9,633 | €9,713 | +€80 | +0.8% |
| Other amounts receivable | 41 | €8,270 | €6,058 | -€2,212 | -26.8% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,934 | €111,740 | +€20,806 | +22.9% |
| Deferred charges and accrued income | 490/1 | €2,668 | €3,348 | +€680 | +25.5% |
| Total equity and liabilities | 10/49 | €338,406 | €348,676 | +€10,270 | +3.0% |
| Equity | 10/15 | €336,506 | €328,063 | -€8,442 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317,063 | €308,621 | -€8,442 | -2.7% |
| Distributable reserves | 133 | €317,063 | €308,621 | -€8,442 | -2.7% |
| Profit (loss) carried forward | 14 | €843 | €843 | = | 0.0% |
| Amounts payable | 17/49 | €1,901 | €20,613 | +€18,712 | +985% |
| Amounts payable within one year | 42/48 | €1,901 | €20,613 | +€18,712 | +985% |
| Trade debts | 44 | €1,401 | €127 | -€1,274 | -91.0% |
| Suppliers | 440/4 | €1,401 | €127 | -€1,274 | -91.0% |
| Taxes, remuneration and social security | 45 | €500 | €1,958 | +€1,458 | +292% |
| Taxes | 450/3 | €0 | €1,458 | +€1,458 | |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €18,528 | +€18,528 | |
| Remuneration, social security and pensions | 62 | €190 | €0 | -€190 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,273 | €8,215 | -€1,058 | -11.4% |
| Other operating charges | 640/8 | €2,953 | €2,222 | -€730 | -24.7% |
| Gross operating margin | 9900 | €59,713 | €22,436 | -€37,277 | -62.4% |
| Operating profit (loss) | 9901 | €47,297 | €11,999 | -€35,299 | -74.6% |
| Financial income | 75/76B | €5,041 | €5,673 | +€632 | +12.5% |
| Recurring financial income | 75 | €5,041 | €5,673 | +€632 | +12.5% |
| Financial charges | 65/66B | €254 | €44 | -€210 | -82.7% |
| Recurring financial charges | 65 | €254 | €44 | -€210 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €52,084 | €17,628 | -€34,456 | -66.2% |
| Income taxes | 67/77 | €14,321 | €5,070 | -€9,251 | -64.6% |
| Profit (loss) for the period | 9904 | €37,763 | €12,558 | -€25,205 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,763 | €12,558 | -€25,205 | -66.7% |
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 28 October 2026 via checked.be.