LAAMAJ: what changed
Two fiscal 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.
LAAMAJ
Largest movements
- Receivables within one year -€13,503
down €13,503 (-24.4%), from €55,311 to €41,808
of which Trade receivables: -€9,737
- Cash +€5,952
up €5,952 (+50.3%), from €11,838 to €17,790
mainly Net result for the year (+€39,761) and Receivables within one year (+€13,503)
- Tangible fixed assets +€1,165
up €1,165 (+37.4%), from €3,117 to €4,282
of which Furniture and vehicles: +€1,556
- Deferred charges and accrued income +€738
up €738 (+79.6%), from €926 to €1,664
- Other debts -€8,755
down €8,755 (-18.0%), from €48,515 to €39,761
- Tax, wage and social debts +€3,046
up €3,046 (+22.9%), from €13,291 to €16,338
- Gross operating margin -€8,877
down €8,877 (-14.5%), from €61,022 to €52,145
- Taxes -€2,228
down €2,228 (-16.0%), from €13,916 to €11,689
- Financial income -€2,222
down €2,222 (-61.6%), from €3,610 to €1,388
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.
Cash bridge derived
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 | €71,193 | €65,544 | -€5,648 | -7.9% |
| Fixed assets | 21/28 | €3,117 | €4,282 | +€1,165 | +37.4% |
| Tangible fixed assets | 22/27 | €3,117 | €4,282 | +€1,165 | +37.4% |
| Furniture and vehicles | 24 | €1,633 | €3,190 | +€1,556 | +95.3% |
| Other tangible fixed assets | 26 | €1,484 | €1,093 | -€391 | -26.4% |
| Current assets | 29/58 | €68,076 | €61,262 | -€6,814 | -10.0% |
| Amounts receivable within one year | 40/41 | €55,311 | €41,808 | -€13,503 | -24.4% |
| Trade receivables | 40 | €23,130 | €13,392 | -€9,737 | -42.1% |
| Other amounts receivable | 41 | €32,181 | €28,416 | -€3,766 | -11.7% |
| Cash at bank and in hand | 54/58 | €11,838 | €17,790 | +€5,952 | +50.3% |
| Deferred charges and accrued income | 490/1 | €926 | €1,664 | +€738 | +79.6% |
| Total equity and liabilities | 10/49 | €71,193 | €65,544 | -€5,648 | -7.9% |
| Equity | 10/15 | €3,500 | €3,500 | = | 0.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,693 | €62,044 | -€5,648 | -8.3% |
| Amounts payable within one year | 42/48 | €67,682 | €61,973 | -€5,709 | -8.4% |
| Financial debts | 43 | €1,054 | €496 | -€558 | -53.0% |
| Credit institutions | 430/8 | €1,054 | €496 | -€558 | -53.0% |
| Trade debts | 44 | €4,821 | €5,379 | +€558 | +11.6% |
| Suppliers | 440/4 | €4,821 | €5,379 | +€558 | +11.6% |
| Taxes, remuneration and social security | 45 | €13,291 | €16,338 | +€3,046 | +22.9% |
| Taxes | 450/3 | €13,291 | €16,338 | +€3,046 | +22.9% |
| Other amounts payable | 47/48 | €48,515 | €39,761 | -€8,755 | -18.0% |
| Accrued charges and deferred income | 492/3 | €11 | €72 | +€61 | +567.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,033 | €982 | -€51 | -5.0% |
| Other operating charges | 640/8 | €677 | €697 | +€20 | +3.0% |
| Gross operating margin | 9900 | €61,022 | €52,145 | -€8,877 | -14.5% |
| Operating profit (loss) | 9901 | €59,311 | €50,466 | -€8,845 | -14.9% |
| Financial income | 75/76B | €3,610 | €1,388 | -€2,222 | -61.6% |
| Recurring financial income | 75 | €3,610 | €1,388 | -€2,222 | -61.6% |
| Financial charges | 65/66B | €490 | €405 | -€85 | -17.4% |
| Recurring financial charges | 65 | €490 | €405 | -€85 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €62,432 | €51,449 | -€10,982 | -17.6% |
| Income taxes | 67/77 | €13,916 | €11,689 | -€2,228 | -16.0% |
| Profit (loss) for the period | 9904 | €48,515 | €39,761 | -€8,755 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,515 | €39,761 | -€8,755 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.