Lamare: 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.
Lamare
Largest movements
- Tangible fixed assets -€56,203
down €56,203 (-8.4%), from €666,045 to €609,842
- Profit (loss) carried forward -€71,131
down €71,131 (-18.4%), from -€386,836 to -€457,968
- Other debts +€10,449
up €10,449 (+29.6%), from €35,333 to €45,783
- Gross operating margin -€32,250
down €32,250 (-63.4%), from €50,832 to €18,582
- Financial charges -€2,717
down €2,717 (-16.4%), from €16,617 to €13,900
- Other operating charges +€1,355
up €1,355 (+7.4%), from €18,256 to €19,610
- Financial income -€521
down €521 (-99.9%), from €521 to €1
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 | €694,173 | €638,188 | -€55,985 | -8.1% |
| Fixed assets | 21/28 | €668,095 | €611,892 | -€56,203 | -8.4% |
| Tangible fixed assets | 22/27 | €666,045 | €609,842 | -€56,203 | -8.4% |
| Land and buildings | 22 | €666,045 | €609,842 | -€56,203 | -8.4% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €26,078 | €26,296 | +€218 | +0.8% |
| Amounts receivable within one year | 40/41 | €7,307 | €8,776 | +€1,469 | +20.1% |
| Trade receivables | 40 | €7,307 | €8,776 | +€1,469 | +20.1% |
| Cash at bank and in hand | 54/58 | €17,411 | €17,520 | +€109 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,360 | €0 | -€1,360 | -100.0% |
| Total equity and liabilities | 10/49 | €694,173 | €638,188 | -€55,985 | -8.1% |
| Equity | 10/15 | €214,749 | €143,617 | -€71,131 | -33.1% |
| Contributions | 10/11 | €113,475 | €113,475 | = | 0.0% |
| Capital | 10 | €113,475 | €113,475 | = | 0.0% |
| Issued capital | 100 | €113,475 | €113,475 | = | 0.0% |
| Reserves | 13 | €488,110 | €488,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,347 | €11,347 | = | 0.0% |
| Legal reserve | 130 | €11,347 | €11,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €458,365 | €458,365 | = | 0.0% |
| Distributable reserves | 133 | €18,397 | €18,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€386,836 | -€457,968 | -€71,131 | -18.4% |
| Amounts payable | 17/49 | €479,424 | €494,571 | +€15,146 | +3.2% |
| Amounts payable after more than one year | 17 | €432,500 | €432,500 | = | 0.0% |
| Financial debts | 170/4 | €432,500 | €432,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,475 | €48,171 | +€11,695 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,142 | €1,365 | +€223 | +19.5% |
| Suppliers | 440/4 | €1,142 | €1,365 | +€223 | +19.5% |
| Taxes, remuneration and social security | 45 | €0 | €1,024 | +€1,024 | |
| Taxes | 450/3 | €0 | €1,024 | +€1,024 | |
| Other amounts payable | 47/48 | €35,333 | €45,783 | +€10,449 | +29.6% |
| Accrued charges and deferred income | 492/3 | €10,449 | €13,900 | +€3,451 | +33.0% |
| Non-recurring operating income | 76A | €19,000 | €0 | -€19,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,671 | €56,203 | -€468 | -0.8% |
| Other operating charges | 640/8 | €18,256 | €19,610 | +€1,355 | +7.4% |
| Gross operating margin | 9900 | €50,832 | €18,582 | -€32,250 | -63.4% |
| Operating profit (loss) | 9901 | -€24,095 | -€57,232 | -€33,137 | -137.5% |
| Financial income | 75/76B | €521 | €1 | -€521 | -99.9% |
| Recurring financial income | 75 | €521 | €1 | -€521 | -99.9% |
| Financial charges | 65/66B | €16,617 | €13,900 | -€2,717 | -16.4% |
| Recurring financial charges | 65 | €16,617 | €13,900 | -€2,717 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,191 | -€71,131 | -€30,940 | -77.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€40,191 | -€71,131 | -€30,941 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,191 | -€71,131 | -€30,941 | -77.0% |
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 10 October 2026 via checked.be.