LAMAN: 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.
LAMAN
Largest movements
- Stocks and contracts -€34,580
down €34,580 (-14.8%), from €234,225 to €199,645
- Cash +€12,326
up €12,326 (+44.0%), from €28,045 to €40,371
mainly Net result for the year (+€72,403) and Stocks and contracts (+€34,580)
- Tangible fixed assets -€6,069
down €6,069 (-15.7%), from €38,551 to €32,482
of which Land and buildings: -€3,056
- Receivables within one year -€4,305
down €4,305 (-26.4%), from €16,285 to €11,980
of which Trade receivables: -€4,424
- Deferred charges and accrued income +€4,164
up €4,164 (+67.5%), from €6,165 to €10,329
- Profit (loss) carried forward +€72,403
up €72,403, from -€56,445 to €15,957
- Trade debts -€28,135
down €28,135 (-51.6%), from €54,485 to €26,350
- Other debts -€21,372
down €21,372 (-26.0%), from €82,295 to €60,923
- Debts after one year -€17,993
no longer reported in 2025 (was €17,993)
- Advances received -€11,463
down €11,463 (-62.7%), from €18,278 to €6,815
- Staff costs -€39,894
down €39,894 (-67.8%), from €58,848 to €18,954
- Gross operating margin +€33,975
up €33,975 (+37.7%), from €90,170 to €124,145
- Taxes +€17,559
up €17,559 (+372%), from €4,723 to €22,283
- Financial charges -€5,851
down €5,851 (-69.9%), from €8,371 to €2,520
- Other operating charges -€5,566
down €5,566 (-60.3%), from €9,228 to €3,662
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 | €324,513 | €296,048 | -€28,465 | -8.8% |
| Fixed assets | 21/28 | €39,793 | €33,724 | -€6,069 | -15.3% |
| Tangible fixed assets | 22/27 | €38,551 | €32,482 | -€6,069 | -15.7% |
| Land and buildings | 22 | €28,260 | €25,204 | -€3,056 | -10.8% |
| Plant, machinery and equipment | 23 | €1,288 | €606 | -€682 | -53.0% |
| Furniture and vehicles | 24 | - | €662 | +€662 | |
| Leasing and similar rights | 25 | €2,193 | - | -€2,193 | |
| Other tangible fixed assets | 26 | €6,810 | €6,010 | -€800 | -11.7% |
| Financial fixed assets | 28 | €1,242 | €1,242 | = | 0.0% |
| Current assets | 29/58 | €284,720 | €262,325 | -€22,395 | -7.9% |
| Stocks and contracts in progress | 3 | €234,225 | €199,645 | -€34,580 | -14.8% |
| Stocks | 30/36 | €234,225 | €199,645 | -€34,580 | -14.8% |
| Amounts receivable within one year | 40/41 | €16,285 | €11,980 | -€4,305 | -26.4% |
| Trade receivables | 40 | €13,372 | €8,948 | -€4,424 | -33.1% |
| Other amounts receivable | 41 | €2,913 | €3,031 | +€119 | +4.1% |
| Cash at bank and in hand | 54/58 | €28,045 | €40,371 | +€12,326 | +44.0% |
| Deferred charges and accrued income | 490/1 | €6,165 | €10,329 | +€4,164 | +67.5% |
| Total equity and liabilities | 10/49 | €324,513 | €296,048 | -€28,465 | -8.8% |
| Equity | 10/15 | €80,392 | €152,795 | +€72,403 | +90.1% |
| Contributions | 10/11 | €29,690 | €29,690 | = | 0.0% |
| Contributions outside capital | 11 | €29,690 | €29,690 | = | 0.0% |
| Other | 1109/19 | €29,690 | €29,690 | = | 0.0% |
| Reserves | 13 | €107,148 | €107,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,969 | €2,969 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,969 | €2,969 | = | 0.0% |
| Distributable reserves | 133 | €104,179 | €104,179 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,445 | €15,957 | +€72,403 | |
| Amounts payable | 17/49 | €244,121 | €143,253 | -€100,868 | -41.3% |
| Amounts payable after more than one year | 17 | €17,993 | - | -€17,993 | |
| Financial debts | 170/4 | €17,993 | - | -€17,993 | |
| Amounts payable within one year | 42/48 | €221,740 | €142,449 | -€79,291 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €26,734 | €17,993 | -€8,741 | -32.7% |
| Financial debts | 43 | €8,011 | - | -€8,011 | |
| Credit institutions | 430/8 | €8,011 | - | -€8,011 | |
| Trade debts | 44 | €54,485 | €26,350 | -€28,135 | -51.6% |
| Suppliers | 440/4 | €54,485 | €26,350 | -€28,135 | -51.6% |
| Advances received on contracts in progress | 46 | €18,278 | €6,815 | -€11,463 | -62.7% |
| Taxes, remuneration and social security | 45 | €31,936 | €30,368 | -€1,568 | -4.9% |
| Taxes | 450/3 | €22,984 | €29,214 | +€6,230 | +27.1% |
| Remuneration and social security | 454/9 | €8,952 | €1,154 | -€7,798 | -87.1% |
| Other amounts payable | 47/48 | €82,295 | €60,923 | -€21,372 | -26.0% |
| Accrued charges and deferred income | 492/3 | €4,387 | €804 | -€3,584 | -81.7% |
| Remuneration, social security and pensions | 62 | €58,848 | €18,954 | -€39,894 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,565 | €8,014 | +€2,449 | +44.0% |
| Other operating charges | 640/8 | €9,228 | €3,662 | -€5,566 | -60.3% |
| Gross operating margin | 9900 | €90,170 | €124,145 | +€33,975 | +37.7% |
| Operating profit (loss) | 9901 | €16,529 | €93,514 | +€76,985 | +466% |
| Financial income | 75/76B | €1,078 | €3,691 | +€2,613 | +242% |
| Recurring financial income | 75 | €1,078 | €3,691 | +€2,613 | +242% |
| Financial charges | 65/66B | €8,371 | €2,520 | -€5,851 | -69.9% |
| Recurring financial charges | 65 | €8,371 | €2,520 | -€5,851 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €9,237 | €94,685 | +€85,449 | +925% |
| Income taxes | 67/77 | €4,723 | €22,283 | +€17,559 | +372% |
| Profit (loss) for the period | 9904 | €4,513 | €72,403 | +€67,890 | +1,504% |
| Profit (loss) for the period to be appropriated | 9905 | €4,513 | €72,403 | +€67,890 | +1,504% |
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 17 October 2026 via checked.be.