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
- Financial fixed assets -€73,000
down €73,000 (-98.0%), from €74,500 to €1,500
- Current investments -€36,080
down €36,080 (-100%), from €36,080 to €0
- Receivables within one year -€17,726
down €17,726 (-64.6%), from €27,460 to €9,734
of which Trade receivables: -€19,283
- Tangible fixed assets +€11,586
up €11,586 (+15.7%), from €73,941 to €85,526
of which Land and buildings: +€23,171
- Reserves -€78,151
down €78,151 (-100%), from €78,151 to €0
of which Distributable reserves: -€78,151
- Other debts -€18,363
down €18,363 (-12.9%), from €142,276 to €123,913
- Debts after one year -€18,111
down €18,111 (-33.5%), from €54,039 to €35,928
- Tax, wage and social debts -€5,580
down €5,580 (-20.8%), from €26,865 to €21,285
- Gross operating margin -€73,000
down €73,000 (-39.2%), from €186,125 to €113,126
- Financial charges +€56,102
up €56,102 (+1,093%), from €5,131 to €61,232
of which Non-recurring financial charges: +€57,021
- Taxes -€18,161
down €18,161 (-50.8%), from €35,758 to €17,597
- Financial income +€8,936
up €8,936 (+19.3%), from €46,334 to €55,271
- Depreciation +€2,380
up €2,380 (+10.8%), from €21,934 to €24,314
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 | €418,170 | €297,803 | -€120,367 | -28.8% |
| Fixed assets | 21/28 | €148,441 | €87,026 | -€61,414 | -41.4% |
| Tangible fixed assets | 22/27 | €73,941 | €85,526 | +€11,586 | +15.7% |
| Land and buildings | 22 | €0 | €23,171 | +€23,171 | |
| Furniture and vehicles | 24 | €73,941 | €62,355 | -€11,585 | -15.7% |
| Financial fixed assets | 28 | €74,500 | €1,500 | -€73,000 | -98.0% |
| Current assets | 29/58 | €269,730 | €210,777 | -€58,953 | -21.9% |
| Amounts receivable within one year | 40/41 | €27,460 | €9,734 | -€17,726 | -64.6% |
| Trade receivables | 40 | €19,283 | €0 | -€19,283 | -100% |
| Other amounts receivable | 41 | €8,177 | €9,734 | +€1,557 | +19.0% |
| Current investments | 50/53 | €36,080 | €0 | -€36,080 | -100% |
| Cash at bank and in hand | 54/58 | €200,287 | €196,779 | -€3,508 | -1.8% |
| Deferred charges and accrued income | 490/1 | €5,902 | €4,263 | -€1,638 | -27.8% |
| Total equity and liabilities | 10/49 | €418,170 | €297,803 | -€120,367 | -28.8% |
| Equity | 10/15 | €169,751 | €91,600 | -€78,151 | -46.0% |
| Contributions | 10/11 | €91,600 | €91,600 | = | 0.0% |
| Reserves | 13 | €78,151 | €0 | -€78,151 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €78,151 | €0 | -€78,151 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €248,419 | €206,203 | -€42,216 | -17.0% |
| Amounts payable after more than one year | 17 | €54,039 | €35,928 | -€18,111 | -33.5% |
| Financial debts | 170/4 | €54,039 | €35,928 | -€18,111 | -33.5% |
| Amounts payable within one year | 42/48 | €194,380 | €170,275 | -€24,105 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €17,135 | €18,111 | +€977 | +5.7% |
| Financial debts | 43 | €4,800 | €4,800 | = | 0.0% |
| Credit institutions | 430/8 | €0 | €4,800 | +€4,800 | |
| Other loans | 439 | €4,800 | €0 | -€4,800 | -100% |
| Trade debts | 44 | €3,304 | €2,166 | -€1,138 | -34.4% |
| Suppliers | 440/4 | €3,304 | €2,166 | -€1,138 | -34.4% |
| Taxes, remuneration and social security | 45 | €26,865 | €21,285 | -€5,580 | -20.8% |
| Taxes | 450/3 | €26,865 | €21,285 | -€5,580 | -20.8% |
| Other amounts payable | 47/48 | €142,276 | €123,913 | -€18,363 | -12.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,934 | €24,314 | +€2,380 | +10.8% |
| Other operating charges | 640/8 | €2,254 | €1,505 | -€749 | -33.2% |
| Gross operating margin | 9900 | €186,125 | €113,126 | -€73,000 | -39.2% |
| Operating profit (loss) | 9901 | €161,938 | €87,307 | -€74,630 | -46.1% |
| Financial income | 75/76B | €46,334 | €55,271 | +€8,936 | +19.3% |
| Recurring financial income | 75 | €46,334 | €55,271 | +€8,936 | +19.3% |
| Financial charges | 65/66B | €5,131 | €61,232 | +€56,102 | +1,093% |
| Recurring financial charges | 65 | €5,131 | €4,211 | -€920 | -17.9% |
| Non-recurring financial charges | 66B | - | €57,021 | +€57,021 | |
| Profit (loss) for the period before taxes | 9903 | €203,141 | €81,346 | -€121,796 | -60.0% |
| Income taxes | 67/77 | €35,758 | €17,597 | -€18,161 | -50.8% |
| Profit (loss) for the period | 9904 | €167,384 | €63,749 | -€103,635 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €167,384 | €63,749 | -€103,635 | -61.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.