LAM Management: 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.
LAM Management
Largest movements
- Cash -€6,800
down €6,800 (-99.5%), from €6,834 to €34
mainly Contributions, distributions and other (-€10,000) and Tax, wage and social debts (-€6,931)
- Receivables after one year +€6,200
up €6,200 (+13.0%), from €47,750 to €53,950
- Receivables within one year -€3,466
down €3,466 (-21.8%), from €15,886 to €12,420
- Deferred charges and accrued income -€948
down €948 (-61.4%), from €1,544 to €597
- Tax, wage and social debts -€6,931
down €6,931 (-24.2%), from €28,598 to €21,668
- Trade debts -€5,640
down €5,640 (-67.5%), from €8,354 to €2,714
- Profit (loss) carried forward +€3,239
up €3,239 (+21.8%), from €14,861 to €18,100
- Current portion of long-term debt +€2,938
new in 2025: €2,938
- Short-term financial debts +€2,828
new in 2025: €2,828
- Gross operating margin -€34,985
down €34,985 (-64.7%), from €54,093 to €19,107
- Taxes -€6,485
down €6,485 (-62.0%), from €10,463 to €3,977
- Other operating charges -€6,241
down €6,241 (-89.3%), from €6,989 to €748
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 | €73,051 | €68,691 | -€4,360 | -6.0% |
| Fixed assets | 21/28 | €1,037 | €1,690 | +€653 | +63.0% |
| Tangible fixed assets | 22/27 | €417 | €1,070 | +€653 | +156.6% |
| Furniture and vehicles | 24 | - | €998 | +€998 | |
| Other tangible fixed assets | 26 | €417 | €73 | -€344 | -82.6% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €72,014 | €67,001 | -€5,013 | -7.0% |
| Amounts receivable after more than one year | 29 | €47,750 | €53,950 | +€6,200 | +13.0% |
| Other amounts receivable | 291 | €47,750 | €53,950 | +€6,200 | +13.0% |
| Amounts receivable within one year | 40/41 | €15,886 | €12,420 | -€3,466 | -21.8% |
| Other amounts receivable | 41 | €15,886 | €12,420 | -€3,466 | -21.8% |
| Cash at bank and in hand | 54/58 | €6,834 | €34 | -€6,800 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,544 | €597 | -€948 | -61.4% |
| Total equity and liabilities | 10/49 | €73,051 | €68,691 | -€4,360 | -6.0% |
| Equity | 10/15 | €35,266 | €38,505 | +€3,239 | +9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,861 | €18,100 | +€3,239 | +21.8% |
| Amounts payable | 17/49 | €37,785 | €30,187 | -€7,598 | -20.1% |
| Amounts payable within one year | 42/48 | €37,785 | €30,187 | -€7,598 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,938 | +€2,938 | |
| Financial debts | 43 | - | €2,828 | +€2,828 | |
| Credit institutions | 430/8 | - | €2,828 | +€2,828 | |
| Trade debts | 44 | €8,354 | €2,714 | -€5,640 | -67.5% |
| Suppliers | 440/4 | €8,354 | €2,714 | -€5,640 | -67.5% |
| Taxes, remuneration and social security | 45 | €28,598 | €21,668 | -€6,931 | -24.2% |
| Taxes | 450/3 | €28,598 | €21,668 | -€6,931 | -24.2% |
| Other amounts payable | 47/48 | €833 | €39 | -€794 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €584 | +€240 | +69.7% |
| Other operating charges | 640/8 | €6,989 | €748 | -€6,241 | -89.3% |
| Gross operating margin | 9900 | €54,093 | €19,107 | -€34,985 | -64.7% |
| Operating profit (loss) | 9901 | €46,759 | €17,775 | -€28,984 | -62.0% |
| Financial income | 75/76B | €635 | €716 | +€81 | +12.8% |
| Recurring financial income | 75 | €635 | €716 | +€81 | +12.8% |
| Financial charges | 65/66B | €930 | €1,276 | +€346 | +37.2% |
| Recurring financial charges | 65 | €930 | €1,276 | +€346 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €46,465 | €17,216 | -€29,249 | -62.9% |
| Income taxes | 67/77 | €10,463 | €3,977 | -€6,485 | -62.0% |
| Profit (loss) for the period | 9904 | €36,002 | €13,239 | -€22,763 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,002 | €13,239 | -€22,763 | -63.2% |
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 1 October 2026 via checked.be.