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
- Receivables within one year -€30,550
down €30,550 (-97.0%), from €31,480 to €930
of which Trade receivables: -€31,399
- Tangible fixed assets -€15,799
down €15,799 (-73.9%), from €21,385 to €5,586
of which Furniture and vehicles: -€14,190
- Cash -€8,021
down €8,021 (-45.6%), from €17,571 to €9,550
mainly Net result for the year (-€53,486) and Tax, wage and social debts (-€22,695)
- Profit (loss) carried forward -€53,486
down €53,486, from €11,515 to -€41,971
- Tax, wage and social debts -€22,695
down €22,695 (-89.2%), from €25,433 to €2,738
of which Remuneration and social security: -€12,500
- Other debts +€18,309
up €18,309 (+549%), from €3,335 to €21,644
- Short-term financial debts +€4,088
new in 2025: €4,088
- Gross operating margin -€63,454
down €63,454, from €18,032 to -€45,423
- Depreciation -€6,575
down €6,575 (-61.3%), from €10,718 to €4,142
- Financial charges +€3,104
up €3,104 (+1,952%), from €159 to €3,263
- Taxes -€2,330
down €2,330 (-91.9%), from €2,534 to €204
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 | €70,682 | €16,066 | -€54,616 | -77.3% |
| Fixed assets | 21/28 | €21,385 | €5,586 | -€15,799 | -73.9% |
| Tangible fixed assets | 22/27 | €21,385 | €5,586 | -€15,799 | -73.9% |
| Land and buildings | 22 | €1,750 | €1,418 | -€332 | -19.0% |
| Plant, machinery and equipment | 23 | €5,297 | €4,019 | -€1,277 | -24.1% |
| Furniture and vehicles | 24 | €14,339 | €149 | -€14,190 | -99.0% |
| Current assets | 29/58 | €49,297 | €10,480 | -€38,817 | -78.7% |
| Amounts receivable within one year | 40/41 | €31,480 | €930 | -€30,550 | -97.0% |
| Trade receivables | 40 | €31,399 | €0 | -€31,399 | -100% |
| Other amounts receivable | 41 | €81 | €930 | +€849 | +1,045% |
| Cash at bank and in hand | 54/58 | €17,571 | €9,550 | -€8,021 | -45.6% |
| Deferred charges and accrued income | 490/1 | €246 | €0 | -€246 | -100% |
| Total equity and liabilities | 10/49 | €70,682 | €16,066 | -€54,616 | -77.3% |
| Equity | 10/15 | €39,624 | -€13,862 | -€53,486 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,909 | €21,909 | = | 0.0% |
| Distributable reserves | 133 | €21,909 | €21,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,515 | -€41,971 | -€53,486 | |
| Amounts payable | 17/49 | €31,058 | €29,928 | -€1,129 | -3.6% |
| Amounts payable within one year | 42/48 | €30,472 | €29,928 | -€544 | -1.8% |
| Financial debts | 43 | - | €4,088 | +€4,088 | |
| Credit institutions | 430/8 | - | €4,088 | +€4,088 | |
| Trade debts | 44 | €1,704 | €1,458 | -€246 | -14.5% |
| Suppliers | 440/4 | €1,704 | €1,458 | -€246 | -14.5% |
| Taxes, remuneration and social security | 45 | €25,433 | €2,738 | -€22,695 | -89.2% |
| Taxes | 450/3 | €12,933 | €2,738 | -€10,195 | -78.8% |
| Remuneration and social security | 454/9 | €12,500 | €0 | -€12,500 | -100% |
| Other amounts payable | 47/48 | €3,335 | €21,644 | +€18,309 | +549% |
| Accrued charges and deferred income | 492/3 | €585 | €0 | -€585 | -100% |
| Non-recurring operating income | 76A | - | €8,343 | +€8,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,718 | €4,142 | -€6,575 | -61.3% |
| Other operating charges | 640/8 | €852 | €465 | -€387 | -45.4% |
| Gross operating margin | 9900 | €18,032 | -€45,423 | -€63,454 | |
| Operating profit (loss) | 9901 | €6,462 | -€50,031 | -€56,492 | |
| Financial income | 75/76B | €1 | €11 | +€11 | +2,190% |
| Recurring financial income | 75 | €1 | €11 | +€11 | +2,190% |
| Financial charges | 65/66B | €159 | €3,263 | +€3,104 | +1,952% |
| Recurring financial charges | 65 | €159 | €3,263 | +€3,104 | +1,952% |
| Profit (loss) for the period before taxes | 9903 | €6,303 | -€53,282 | -€59,586 | |
| Income taxes | 67/77 | €2,534 | €204 | -€2,330 | -91.9% |
| Profit (loss) for the period | 9904 | €3,769 | -€53,486 | -€57,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,769 | -€53,486 | -€57,256 |
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.