LAM Vastgoed: 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 Vastgoed
Largest movements
- Receivables within one year -€627,199
down €627,199 (-56.3%), from €1.1m to €485,909
of which Other amounts receivable: -€624,658
- Tangible fixed assets -€32,895
down €32,895 (-30.7%), from €107,062 to €74,167
of which Furniture and vehicles: -€29,973
- Debts after one year -€455,561
down €455,561 (-100%), from €455,561 to €0
- Other debts -€120,258
down €120,258 (-27.8%), from €431,818 to €311,559
- Current portion of long-term debt -€41,851
down €41,851 (-100%), from €41,851 to €0
- Profit (loss) carried forward -€38,409
down €38,409 (-2.1%), from -€1.8m to -€1.9m
- Purchases and services -€160,754
no longer reported in 2025 (was €160,754)
- Turnover -€143,200
no longer reported in 2025 (was €143,200)
- Gross operating margin +€27,360
up €27,360, from -€966 to €26,394
- Financial charges -€21,186
down €21,186 (-30.1%), from €70,367 to €49,181
- Depreciation -€3,591
down €3,591 (-20.7%), from €17,359 to €13,768
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 | €2,245,948 | €1,585,591 | -€660,357 | -29.4% |
| Fixed assets | 21/28 | €1,118,983 | €1,086,088 | -€32,895 | -2.9% |
| Tangible fixed assets | 22/27 | €107,062 | €74,167 | -€32,895 | -30.7% |
| Plant, machinery and equipment | 23 | €5,377 | €2,454 | -€2,922 | -54.4% |
| Furniture and vehicles | 24 | €101,685 | €71,712 | -€29,973 | -29.5% |
| Financial fixed assets | 28 | €1,011,921 | €1,011,921 | = | 0.0% |
| Current assets | 29/58 | €1,126,964 | €499,503 | -€627,462 | -55.7% |
| Amounts receivable within one year | 40/41 | €1,113,108 | €485,909 | -€627,199 | -56.3% |
| Trade receivables | 40 | €47,998 | €45,457 | -€2,541 | -5.3% |
| Other amounts receivable | 41 | €1,065,110 | €440,452 | -€624,658 | -58.6% |
| Cash at bank and in hand | 54/58 | €13,856 | €13,232 | -€625 | -4.5% |
| Deferred charges and accrued income | 490/1 | - | €362 | +€362 | |
| Total equity and liabilities | 10/49 | €2,245,948 | €1,585,591 | -€660,357 | -29.4% |
| Equity | 10/15 | €1,299,059 | €1,260,649 | -€38,409 | -3.0% |
| Contributions | 10/11 | €3,130,000 | €3,130,000 | = | 0.0% |
| Capital | 10 | €3,130,000 | €3,130,000 | = | 0.0% |
| Issued capital | 100 | €3,130,000 | €3,130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,830,941 | -€1,869,351 | -€38,409 | -2.1% |
| Amounts payable | 17/49 | €946,889 | €324,941 | -€621,948 | -65.7% |
| Amounts payable after more than one year | 17 | €455,561 | €0 | -€455,561 | -100% |
| Financial debts | 170/4 | €455,561 | €0 | -€455,561 | -100% |
| Amounts payable within one year | 42/48 | €487,328 | €324,941 | -€162,387 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €41,851 | €0 | -€41,851 | -100% |
| Trade debts | 44 | €9,860 | €8,980 | -€879 | -8.9% |
| Suppliers | 440/4 | €9,860 | €8,980 | -€879 | -8.9% |
| Taxes, remuneration and social security | 45 | €3,800 | €4,402 | +€602 | +15.8% |
| Taxes | 450/3 | €3,615 | €4,402 | +€787 | +21.8% |
| Remuneration and social security | 454/9 | €185 | €0 | -€185 | -100% |
| Other amounts payable | 47/48 | €431,818 | €311,559 | -€120,258 | -27.8% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100% |
| Turnover | 70 | €143,200 | - | -€143,200 | |
| Non-recurring operating income | 76A | - | €1,312 | +€1,312 | |
| Goods, raw materials, services and sundry goods | 60/61 | €160,754 | - | -€160,754 | |
| Remuneration, social security and pensions | 62 | €2,589 | €0 | -€2,589 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,359 | €13,768 | -€3,591 | -20.7% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Non-recurring operating charges | 66A | - | €2,565 | +€2,565 | |
| Gross operating margin | 9900 | -€966 | €26,394 | +€27,360 | |
| Operating profit (loss) | 9901 | -€22,000 | €8,942 | +€30,942 | |
| Financial income | 75/76B | €3 | €1,829 | +€1,826 | +60,883% |
| Recurring financial income | 75 | €3 | €1,829 | +€1,826 | +60,883% |
| Financial charges | 65/66B | €70,367 | €49,181 | -€21,186 | -30.1% |
| Recurring financial charges | 65 | €70,367 | €49,181 | -€21,186 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€92,364 | -€38,409 | +€53,955 | +58.4% |
| Profit (loss) for the period | 9904 | -€92,364 | -€38,409 | +€53,955 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,364 | -€38,409 | +€53,955 | +58.4% |
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 21 October 2026 via checked.be.