Lam-Steel: 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.
Lam-Steel
Largest movements
- Stocks and contracts +€23,760
new in 2025: €23,760
- Tangible fixed assets -€17,272
down €17,272 (-27.0%), from €63,910 to €46,638
of which Furniture and vehicles: -€10,463
- Receivables within one year +€10,853
up €10,853 (+29.5%), from €36,819 to €47,672
of which Other amounts receivable: +€10,198
- Cash +€4,660
up €4,660 (+143%), from €3,248 to €7,908
mainly Depreciation (+€14,100) and Tax, wage and social debts (+€13,606)
- Tax, wage and social debts +€13,606
up €13,606 (+246%), from €5,529 to €19,135
of which Remuneration and social security: +€11,432
- Profit (loss) carried forward +€3,910
up €3,910 (+82.9%), from €4,716 to €8,625
- Trade debts +€2,679
up €2,679 (+3.2%), from €83,733 to €86,412
- Other debts +€1,807
new in 2025: €1,807
- Gross operating margin +€106,870
up €106,870 (+226%), from €47,321 to €154,191
- Staff costs +€97,863
up €97,863 (+334%), from €29,336 to €127,200
- Financial charges +€4,045
up €4,045 (+294%), from €1,375 to €5,420
- Depreciation +€3,947
up €3,947 (+38.9%), from €10,153 to €14,100
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 | €103,977 | €125,978 | +€22,001 | +21.2% |
| Fixed assets | 21/28 | €63,910 | €46,638 | -€17,272 | -27.0% |
| Tangible fixed assets | 22/27 | €63,910 | €46,638 | -€17,272 | -27.0% |
| Plant, machinery and equipment | 23 | €14,630 | €7,821 | -€6,809 | -46.5% |
| Furniture and vehicles | 24 | €49,280 | €38,817 | -€10,463 | -21.2% |
| Current assets | 29/58 | €40,067 | €79,340 | +€39,273 | +98.0% |
| Stocks and contracts in progress | 3 | - | €23,760 | +€23,760 | |
| Stocks | 30/36 | - | €23,760 | +€23,760 | |
| Amounts receivable within one year | 40/41 | €36,819 | €47,672 | +€10,853 | +29.5% |
| Trade receivables | 40 | €20,750 | €21,405 | +€655 | +3.2% |
| Other amounts receivable | 41 | €16,069 | €26,267 | +€10,198 | +63.5% |
| Cash at bank and in hand | 54/58 | €3,248 | €7,908 | +€4,660 | +143% |
| Total equity and liabilities | 10/49 | €103,977 | €125,978 | +€22,001 | +21.2% |
| Equity | 10/15 | €14,716 | €18,625 | +€3,910 | +26.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,716 | €8,625 | +€3,910 | +82.9% |
| Amounts payable | 17/49 | €89,262 | €107,353 | +€18,091 | +20.3% |
| Amounts payable within one year | 42/48 | €89,262 | €107,353 | +€18,091 | +20.3% |
| Trade debts | 44 | €83,733 | €86,412 | +€2,679 | +3.2% |
| Suppliers | 440/4 | €83,733 | €86,412 | +€2,679 | +3.2% |
| Taxes, remuneration and social security | 45 | €5,529 | €19,135 | +€13,606 | +246% |
| Taxes | 450/3 | €1,593 | €3,767 | +€2,174 | +136% |
| Remuneration and social security | 454/9 | €3,935 | €15,368 | +€11,432 | +291% |
| Other amounts payable | 47/48 | - | €1,807 | +€1,807 | |
| Remuneration, social security and pensions | 62 | €29,336 | €127,200 | +€97,863 | +334% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,153 | €14,100 | +€3,947 | +38.9% |
| Other operating charges | 640/8 | €148 | €877 | +€728 | +492% |
| Non-recurring operating charges | 66A | - | €1,794 | +€1,794 | |
| Gross operating margin | 9900 | €47,321 | €154,191 | +€106,870 | +226% |
| Operating profit (loss) | 9901 | €7,684 | €10,221 | +€2,537 | +33.0% |
| Financial income | 75/76B | €0 | €1 | +€0 | +118% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +118% |
| Financial charges | 65/66B | €1,375 | €5,420 | +€4,045 | +294% |
| Recurring financial charges | 65 | €1,375 | €5,420 | +€4,045 | +294% |
| Profit (loss) for the period before taxes | 9903 | €6,309 | €4,801 | -€1,508 | -23.9% |
| Income taxes | 67/77 | €1,593 | €891 | -€702 | -44.1% |
| Profit (loss) for the period | 9904 | €4,716 | €3,910 | -€806 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,716 | €3,910 | -€806 | -17.1% |
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 23 October 2026 via checked.be.