LAMA: 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.
LAMA
Largest movements
- Cash -€7,713
down €7,713 (-7.8%), from €98,762 to €91,050
mainly Other debts (-€63,982) and Tax, wage and social debts (-€3,440)
- Tangible fixed assets -€4,352
down €4,352 (-1.4%), from €317,464 to €313,112
of which Land and buildings: -€6,061
- Other debts -€63,982
down €63,982 (-30.1%), from €212,673 to €148,690
- Advances received +€50,000
new in 2025: €50,000
- Debts after one year +€6,450
new in 2025: €6,450
- Trade debts +€4,992
up €4,992 (+217%), from €2,299 to €7,291
- Gross operating margin -€3,940
down €3,940 (-24.2%), from €16,269 to €12,329
- Other operating charges +€1,576
up €1,576 (+59.3%), from €2,658 to €4,234
- Taxes -€1,238
down €1,238 (-46.2%), from €2,679 to €1,441
- Depreciation +€410
up €410 (+6.8%), from €6,061 to €6,470
- Financial charges -€263
down €263 (-25.1%), from €1,048 to €784
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 | €416,306 | €406,545 | -€9,761 | -2.3% |
| Fixed assets | 21/28 | €317,464 | €313,112 | -€4,352 | -1.4% |
| Tangible fixed assets | 22/27 | €317,464 | €313,112 | -€4,352 | -1.4% |
| Land and buildings | 22 | €317,464 | €311,403 | -€6,061 | -1.9% |
| Plant, machinery and equipment | 23 | - | €1,708 | +€1,708 | |
| Current assets | 29/58 | €98,842 | €93,434 | -€5,409 | -5.5% |
| Cash at bank and in hand | 54/58 | €98,762 | €91,050 | -€7,713 | -7.8% |
| Deferred charges and accrued income | 490/1 | €80 | €2,384 | +€2,304 | +2,883% |
| Total equity and liabilities | 10/49 | €416,306 | €406,545 | -€9,761 | -2.3% |
| Equity | 10/15 | €154,100 | €155,048 | +€949 | +0.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €92,126 | €93,075 | +€949 | +1.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,516 | €65,506 | -€3,010 | -4.4% |
| Distributable reserves | 133 | €17,413 | €21,372 | +€3,958 | +22.7% |
| Provisions and deferred taxes | 16 | €35,280 | €33,730 | -€1,550 | -4.4% |
| Deferred taxes | 168 | €35,280 | €33,730 | -€1,550 | -4.4% |
| Amounts payable | 17/49 | €226,926 | €217,766 | -€9,160 | -4.0% |
| Amounts payable after more than one year | 17 | - | €6,450 | +€6,450 | |
| Other amounts payable | 178/9 | - | €6,450 | +€6,450 | |
| Amounts payable within one year | 42/48 | €222,993 | €210,562 | -€12,431 | -5.6% |
| Trade debts | 44 | €2,299 | €7,291 | +€4,992 | +217% |
| Suppliers | 440/4 | €2,299 | €7,291 | +€4,992 | +217% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €8,021 | €4,581 | -€3,440 | -42.9% |
| Taxes | 450/3 | €8,021 | €4,581 | -€3,440 | -42.9% |
| Other amounts payable | 47/48 | €212,673 | €148,690 | -€63,982 | -30.1% |
| Accrued charges and deferred income | 492/3 | €3,933 | €754 | -€3,178 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,061 | €6,470 | +€410 | +6.8% |
| Other operating charges | 640/8 | €2,658 | €4,234 | +€1,576 | +59.3% |
| Gross operating margin | 9900 | €16,269 | €12,329 | -€3,940 | -24.2% |
| Operating profit (loss) | 9901 | €7,550 | €1,624 | -€5,926 | -78.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,048 | €784 | -€263 | -25.1% |
| Recurring financial charges | 65 | €1,048 | €784 | -€263 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €6,502 | €840 | -€5,662 | -87.1% |
| Transfer from deferred taxes | 780 | €1,550 | €1,550 | = | 0.0% |
| Income taxes | 67/77 | €2,679 | €1,441 | -€1,238 | -46.2% |
| Profit (loss) for the period | 9904 | €5,373 | €949 | -€4,424 | -82.3% |
| Transfer from tax-exempt reserves | 789 | €3,010 | €3,010 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,383 | €3,958 | -€4,424 | -52.8% |
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 14 October 2026 via checked.be.