LAMADU: 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.
LAMADU
Largest movements
- Stocks and contracts +€200,017
up €200,017 (+23.7%), from €842,633 to €1.0m
- Cash -€16,489
down €16,489 (-23.5%), from €70,044 to €53,555
mainly Stocks and contracts (-€200,017) and Net result for the year (-€30,258)
- Debts after one year +€200,000
up €200,000 (+22.2%), from €900,000 to €1.1m
of which Financial debts: +€200,000
- Profit (loss) carried forward -€30,258
down €30,258 (-34.0%), from -€89,071 to -€119,328
- Gross operating margin +€42,996
up €42,996 (+86.2%), from -€49,877 to -€6,882
- Write-downs +€25,225
up €25,225, from -€25,225 to €0
- Financial charges +€12,934
up €12,934 (+154.7%), from €8,361 to €21,296
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 | €916,801 | €1,099,816 | +€183,015 | +20.0% |
| Current assets | 29/58 | €916,801 | €1,099,816 | +€183,015 | +20.0% |
| Stocks and contracts in progress | 3 | €842,633 | €1,042,650 | +€200,017 | +23.7% |
| Stocks | 30/36 | €842,633 | €1,042,650 | +€200,017 | +23.7% |
| Amounts receivable within one year | 40/41 | €2,063 | €2,063 | = | 0.0% |
| Trade receivables | 40 | €2,063 | €2,063 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,044 | €53,555 | -€16,489 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,060 | €1,547 | -€513 | -24.9% |
| Total equity and liabilities | 10/49 | €916,801 | €1,099,816 | +€183,015 | +20.0% |
| Equity | 10/15 | -€34,071 | -€64,328 | -€30,258 | -88.8% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,071 | -€119,328 | -€30,258 | -34.0% |
| Amounts payable | 17/49 | €950,871 | €1,164,144 | +€213,273 | +22.4% |
| Amounts payable after more than one year | 17 | €900,000 | €1,100,000 | +€200,000 | +22.2% |
| Financial debts | 170/4 | €0 | €200,000 | +€200,000 | |
| Other amounts payable | 178/9 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,745 | €61,752 | +€11,007 | +21.7% |
| Trade debts | 44 | €1,217 | €778 | -€439 | -36.1% |
| Suppliers | 440/4 | €1,217 | €778 | -€439 | -36.1% |
| Taxes, remuneration and social security | 45 | €0 | €4,099 | +€4,099 | |
| Taxes | 450/3 | €0 | €4,099 | +€4,099 | |
| Other amounts payable | 47/48 | €49,528 | €56,875 | +€7,347 | +14.8% |
| Accrued charges and deferred income | 492/3 | €126 | €2,392 | +€2,266 | +1798.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,225 | €0 | +€25,225 | |
| Other operating charges | 640/8 | €1,972 | €2,081 | +€109 | +5.5% |
| Gross operating margin | 9900 | -€49,877 | -€6,882 | +€42,996 | +86.2% |
| Operating profit (loss) | 9901 | -€26,624 | -€8,962 | +€17,662 | +66.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,361 | €21,296 | +€12,934 | +154.7% |
| Recurring financial charges | 65 | €8,361 | €21,296 | +€12,934 | +154.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,985 | -€30,258 | +€4,727 | +13.5% |
| Profit (loss) for the period | 9904 | -€34,985 | -€30,258 | +€4,727 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,985 | -€30,258 | +€4,727 | +13.5% |
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 5 October 2026 via checked.be.