LAMACOMAX: what changed
Two fiscal 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.
LAMACOMAX
Largest movements
- Cash -€4,988
no longer reported in 2025 (was €4,988)
mainly Debts after one year (-€11,835) and Investment in fixed assets (net) (-€3,933)
- Tangible fixed assets -€4,864
down €4,864 (-4.0%), from €122,210 to €117,345
of which Land and buildings: -€7,352
- Receivables within one year +€1,580
up €1,580 (+111.7%), from €1,414 to €2,994
- Debts after one year -€11,835
down €11,835 (-21.7%), from €54,475 to €42,640
- Trade debts +€3,427
new in 2025: €3,427
- Other debts -€2,663
down €2,663 (-3.4%), from €77,855 to €75,191
- Short-term financial debts +€2,259
new in 2025: €2,259
- Gross operating margin -€10,638
down €10,638 (-19.2%), from €55,332 to €44,695
- Staff costs +€6,634
up €6,634 (+27.2%), from €24,371 to €31,005
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.
Cash bridge derived
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 | €128,816 | €120,543 | -€8,272 | -6.4% |
| Fixed assets | 21/28 | €122,414 | €117,549 | -€4,864 | -4.0% |
| Tangible fixed assets | 22/27 | €122,210 | €117,345 | -€4,864 | -4.0% |
| Land and buildings | 22 | €121,174 | €113,822 | -€7,352 | -6.1% |
| Plant, machinery and equipment | 23 | €84 | €3,146 | +€3,062 | +3663.6% |
| Furniture and vehicles | 24 | €952 | €377 | -€575 | -60.4% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €6,402 | €2,994 | -€3,408 | -53.2% |
| Amounts receivable within one year | 40/41 | €1,414 | €2,994 | +€1,580 | +111.7% |
| Trade receivables | 40 | €1,414 | €2,994 | +€1,580 | +111.7% |
| Cash at bank and in hand | 54/58 | €4,988 | - | -€4,988 | |
| Total equity and liabilities | 10/49 | €128,816 | €120,543 | -€8,272 | -6.4% |
| Equity | 10/15 | -€17,135 | -€16,478 | +€657 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,735 | -€35,078 | +€657 | +1.8% |
| Amounts payable | 17/49 | €145,951 | €137,022 | -€8,929 | -6.1% |
| Amounts payable after more than one year | 17 | €54,475 | €42,640 | -€11,835 | -21.7% |
| Financial debts | 170/4 | €54,475 | €42,640 | -€11,835 | -21.7% |
| Amounts payable within one year | 42/48 | €91,476 | €94,381 | +€2,905 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €11,555 | €11,835 | +€280 | +2.4% |
| Financial debts | 43 | - | €2,259 | +€2,259 | |
| Credit institutions | 430/8 | - | €2,259 | +€2,259 | |
| Trade debts | 44 | - | €3,427 | +€3,427 | |
| Suppliers | 440/4 | - | €3,427 | +€3,427 | |
| Taxes, remuneration and social security | 45 | €2,067 | €1,670 | -€397 | -19.2% |
| Remuneration and social security | 454/9 | €2,067 | €1,670 | -€397 | -19.2% |
| Other amounts payable | 47/48 | €77,855 | €75,191 | -€2,663 | -3.4% |
| Remuneration, social security and pensions | 62 | €24,371 | €31,005 | +€6,634 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,375 | €8,797 | +€422 | +5.0% |
| Other operating charges | 640/8 | €1,851 | €1,772 | -€79 | -4.3% |
| Gross operating margin | 9900 | €55,332 | €44,695 | -€10,638 | -19.2% |
| Operating profit (loss) | 9901 | €20,736 | €3,121 | -€17,615 | -84.9% |
| Financial charges | 65/66B | €2,792 | €2,464 | -€328 | -11.7% |
| Recurring financial charges | 65 | €2,792 | €2,464 | -€328 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €17,944 | €657 | -€17,287 | -96.3% |
| Profit (loss) for the period | 9904 | €17,944 | €657 | -€17,287 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,944 | €657 | -€17,287 | -96.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.