LAMAd'OR: 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.
LAMAd'OR
Largest movements
- Stocks and contracts +€69,300
up €69,300 (+211.7%), from €32,741 to €102,041
- Receivables within one year -€67,863
down €67,863 (-81.7%), from €83,049 to €15,186
of which Trade receivables: -€70,037
- Trade debts -€13,552
down €13,552 (-76.5%), from €17,719 to €4,167
- Profit (loss) carried forward +€11,104
up €11,104 (+25.4%), from -€43,801 to -€32,697
- Tax, wage and social debts +€3,161
up €3,161 (+195.5%), from €1,617 to €4,778
- Taxes +€3,134
up €3,134 (+1044.7%), from €300 to €3,434
- Financial charges +€1,769
up €1,769 (+75.7%), from €2,338 to €4,107
- Gross operating margin -€1,350
down €1,350 (-6.4%), from €21,097 to €19,747
- Financial income +€421
up €421 (+697.5%), from €60 to €482
of which Financial income: +€474
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,693 | €120,407 | +€714 | +0.6% |
| Current assets | 29/58 | €119,693 | €120,407 | +€714 | +0.6% |
| Stocks and contracts in progress | 3 | €32,741 | €102,041 | +€69,300 | +211.7% |
| Stocks | 30/36 | €32,741 | €102,041 | +€69,300 | +211.7% |
| Amounts receivable within one year | 40/41 | €83,049 | €15,186 | -€67,863 | -81.7% |
| Trade receivables | 40 | €79,530 | €9,493 | -€70,037 | -88.1% |
| Other amounts receivable | 41 | €3,519 | €5,693 | +€2,174 | +61.8% |
| Cash at bank and in hand | 54/58 | €2,922 | €1,872 | -€1,050 | -35.9% |
| Deferred charges and accrued income | 490/1 | €980 | €1,307 | +€327 | +33.3% |
| Total equity and liabilities | 10/49 | €119,693 | €120,407 | +€714 | +0.6% |
| Equity | 10/15 | €75,358 | €86,462 | +€11,104 | +14.7% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €558 | €558 | = | 0.0% |
| Distributable reserves | 133 | €558 | €558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,801 | -€32,697 | +€11,104 | +25.4% |
| Amounts payable | 17/49 | €44,335 | €33,945 | -€10,390 | -23.4% |
| Amounts payable within one year | 42/48 | €44,335 | €33,945 | -€10,390 | -23.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €17,719 | €4,167 | -€13,552 | -76.5% |
| Suppliers | 440/4 | €17,719 | €4,167 | -€13,552 | -76.5% |
| Taxes, remuneration and social security | 45 | €1,617 | €4,778 | +€3,161 | +195.5% |
| Taxes | 450/3 | €1,617 | €4,778 | +€3,161 | +195.5% |
| Other operating charges | 640/8 | €1,438 | €1,583 | +€145 | +10.1% |
| Gross operating margin | 9900 | €21,097 | €19,747 | -€1,350 | -6.4% |
| Operating profit (loss) | 9901 | €19,658 | €18,164 | -€1,494 | -7.6% |
| Financial income | 75/76B | €60 | €482 | +€421 | +697.5% |
| Recurring financial income | 75 | €7 | €482 | +€474 | +6472.2% |
| Non-recurring financial income | 76B | €53 | - | -€53 | |
| Financial charges | 65/66B | €2,338 | €4,107 | +€1,769 | +75.7% |
| Recurring financial charges | 65 | €2,338 | €4,107 | +€1,769 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €17,381 | €14,539 | -€2,842 | -16.4% |
| Income taxes | 67/77 | €300 | €3,434 | +€3,134 | +1044.7% |
| Profit (loss) for the period | 9904 | €17,081 | €11,104 | -€5,977 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,081 | €11,104 | -€5,977 | -35.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.