L.A.M.: 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.
L.A.M.
Largest movements
- Tangible fixed assets +€345,503
up €345,503 (+63.8%), from €541,500 to €887,002
of which Land and buildings: +€310,103
- Cash -€35,527
down €35,527 (-93.7%), from €37,931 to €2,404
mainly Investment in fixed assets (net) (-€414,005) and Net result for the year (-€84,923)
- Receivables within one year +€13,369
up €13,369 (+33.5%), from €39,872 to €53,241
- Debts after one year +€336,907
up €336,907 (+590.1%), from €57,090 to €393,997
of which Financial debts: +€336,907
- Other debts +€98,360
new in 2023: €98,360
- Profit (loss) carried forward -€79,744
down €79,744 (-62.7%), from €127,252 to €47,508
- Tax, wage and social debts -€61,004
no longer reported in 2023 (was €61,004)
of which Remuneration and social security: -€49,160
- Trade debts +€30,842
up €30,842 (+1329.1%), from €2,320 to €33,162
- Financial income -€227,878
no longer reported in 2023 (was €227,878)
of which Financial income: -€227,878
- Depreciation +€65,655
up €65,655 (+2305.7%), from €2,848 to €68,502
- Gross operating margin -€57,658
down €57,658 (-90.9%), from €63,411 to €5,753
- Financial charges -€12,330
down €12,330 (-38.0%), from €32,451 to €20,121
- Taxes -€7,502
no longer reported in 2023 (was €7,502)
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,304 | €942,648 | +€323,344 | +52.2% |
| Fixed assets | 21/28 | €541,500 | €887,002 | +€345,503 | +63.8% |
| Tangible fixed assets | 22/27 | €541,500 | €887,002 | +€345,503 | +63.8% |
| Land and buildings | 22 | €534,464 | €844,568 | +€310,103 | +58.0% |
| Plant, machinery and equipment | 23 | €7,035 | €12,947 | +€5,911 | +84.0% |
| Furniture and vehicles | 24 | - | €29,488 | +€29,488 | |
| Current assets | 29/58 | €77,804 | €55,646 | -€22,158 | -28.5% |
| Amounts receivable within one year | 40/41 | €39,872 | €53,241 | +€13,369 | +33.5% |
| Other amounts receivable | 41 | €39,872 | €53,241 | +€13,369 | +33.5% |
| Cash at bank and in hand | 54/58 | €37,931 | €2,404 | -€35,527 | -93.7% |
| Total equity and liabilities | 10/49 | €619,304 | €942,648 | +€323,344 | +52.2% |
| Equity | 10/15 | €421,361 | €336,438 | -€84,923 | -20.2% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €182,109 | €176,930 | -€5,179 | -2.8% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,909 | €165,730 | -€5,179 | -3.0% |
| Profit (loss) carried forward | 14 | €127,252 | €47,508 | -€79,744 | -62.7% |
| Provisions and deferred taxes | 16 | €56,970 | €55,243 | -€1,726 | -3.0% |
| Deferred taxes | 168 | €56,970 | €55,243 | -€1,726 | -3.0% |
| Amounts payable | 17/49 | €140,973 | €550,967 | +€409,994 | +290.8% |
| Amounts payable after more than one year | 17 | €57,090 | €393,997 | +€336,907 | +590.1% |
| Financial debts | 170/4 | €51,785 | €388,692 | +€336,907 | +650.6% |
| Other amounts payable | 178/9 | €5,305 | €5,305 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,883 | €156,970 | +€73,087 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €20,559 | €25,448 | +€4,889 | +23.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,320 | €33,162 | +€30,842 | +1329.1% |
| Suppliers | 440/4 | €2,320 | €33,162 | +€30,842 | +1329.1% |
| Taxes, remuneration and social security | 45 | €61,004 | - | -€61,004 | |
| Taxes | 450/3 | €11,844 | - | -€11,844 | |
| Remuneration and social security | 454/9 | €49,160 | - | -€49,160 | |
| Other amounts payable | 47/48 | - | €98,360 | +€98,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,848 | €68,502 | +€65,655 | +2305.7% |
| Other operating charges | 640/8 | €0 | €3,780 | +€3,780 | |
| Gross operating margin | 9900 | €63,411 | €5,753 | -€57,658 | -90.9% |
| Operating profit (loss) | 9901 | €60,563 | -€66,529 | -€127,092 | |
| Financial income | 75/76B | €227,878 | - | -€227,878 | |
| Recurring financial income | 75 | €227,878 | - | -€227,878 | |
| Non-recurring financial income | 76B | €227,878 | - | -€227,878 | |
| Financial charges | 65/66B | €32,451 | €20,121 | -€12,330 | -38.0% |
| Recurring financial charges | 65 | €32,451 | €20,121 | -€12,330 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €255,991 | -€86,649 | -€342,640 | |
| Transfer from deferred taxes | 780 | - | €1,726 | +€1,726 | |
| Transfer to deferred taxes | 680 | €56,970 | - | -€56,970 | |
| Income taxes | 67/77 | €7,502 | - | -€7,502 | |
| Profit (loss) for the period | 9904 | €191,519 | -€84,923 | -€276,442 | |
| Transfer from tax-exempt reserves | 789 | - | €5,179 | +€5,179 | |
| Transfer to tax-exempt reserves | 689 | €170,909 | - | -€170,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,610 | -€79,744 | -€100,354 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.