Lamas: 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.
Lamas
Largest movements
- Cash +€91,541
up €91,541 (+35.3%), from €258,967 to €350,507
mainly Net result for the year (+€206,111) and Depreciation (+€21,964)
- Tangible fixed assets -€19,509
down €19,509 (-6.7%), from €292,938 to €273,430
of which Other tangible fixed assets: -€17,630
- Deferred charges and accrued income -€15,727
down €15,727 (-97.1%), from €16,202 to €475
- Reserves +€85,000
up €85,000 (+41.5%), from €205,000 to €290,000
- Debts after one year -€24,574
down €24,574 (-8.0%), from €306,137 to €281,563
- Trade debts -€6,872
down €6,872 (-88.6%), from €7,756 to €884
- Gross operating margin +€29,990
up €29,990 (+8.0%), from €376,111 to €406,100
- Depreciation -€13,400
down €13,400 (-37.9%), from €35,363 to €21,964
- Staff costs +€10,142
up €10,142 (+10.4%), from €97,552 to €107,693
- Taxes -€5,995
down €5,995 (-9.9%), from €60,394 to €54,399
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 | €587,807 | €642,265 | +€54,458 | +9.3% |
| Fixed assets | 21/28 | €292,938 | €277,857 | -€15,081 | -5.1% |
| Intangible fixed assets | 21 | - | €4,428 | +€4,428 | |
| Tangible fixed assets | 22/27 | €292,938 | €273,430 | -€19,509 | -6.7% |
| Plant, machinery and equipment | 23 | €6,695 | €5,784 | -€911 | -13.6% |
| Furniture and vehicles | 24 | €2,149 | €1,180 | -€968 | -45.1% |
| Other tangible fixed assets | 26 | €284,095 | €266,466 | -€17,630 | -6.2% |
| Current assets | 29/58 | €294,869 | €364,407 | +€69,539 | +23.6% |
| Amounts receivable within one year | 40/41 | €19,700 | €13,425 | -€6,275 | -31.9% |
| Other amounts receivable | 41 | €19,700 | €13,425 | -€6,275 | -31.9% |
| Cash at bank and in hand | 54/58 | €258,967 | €350,507 | +€91,541 | +35.3% |
| Deferred charges and accrued income | 490/1 | €16,202 | €475 | -€15,727 | -97.1% |
| Total equity and liabilities | 10/49 | €587,807 | €642,265 | +€54,458 | +9.3% |
| Equity | 10/15 | €224,217 | €312,328 | +€88,111 | +39.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,000 | €290,000 | +€85,000 | +41.5% |
| Distributable reserves | 133 | €205,000 | €290,000 | +€85,000 | +41.5% |
| Profit (loss) carried forward | 14 | €617 | €3,728 | +€3,111 | +504% |
| Amounts payable | 17/49 | €363,590 | €329,937 | -€33,653 | -9.3% |
| Amounts payable after more than one year | 17 | €306,137 | €281,563 | -€24,574 | -8.0% |
| Financial debts | 170/4 | €306,137 | €281,563 | -€24,574 | -8.0% |
| Amounts payable within one year | 42/48 | €57,453 | €48,374 | -€9,079 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €24,301 | €24,574 | +€273 | +1.1% |
| Trade debts | 44 | €7,756 | €884 | -€6,872 | -88.6% |
| Suppliers | 440/4 | €7,756 | €884 | -€6,872 | -88.6% |
| Taxes, remuneration and social security | 45 | €19,930 | €20,565 | +€635 | +3.2% |
| Taxes | 450/3 | €5,000 | €3,393 | -€1,607 | -32.1% |
| Remuneration and social security | 454/9 | €14,930 | €17,172 | +€2,242 | +15.0% |
| Other amounts payable | 47/48 | €5,466 | €2,352 | -€3,114 | -57.0% |
| Remuneration, social security and pensions | 62 | €97,552 | €107,693 | +€10,142 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,363 | €21,964 | -€13,400 | -37.9% |
| Other operating charges | 640/8 | €5,045 | €5,257 | +€212 | +4.2% |
| Gross operating margin | 9900 | €376,111 | €406,100 | +€29,990 | +8.0% |
| Operating profit (loss) | 9901 | €238,150 | €271,186 | +€33,036 | +13.9% |
| Financial income | 75/76B | €141 | €1,153 | +€1,013 | +720% |
| Recurring financial income | 75 | €141 | €1,153 | +€1,013 | +720% |
| Financial charges | 65/66B | €14,490 | €11,829 | -€2,661 | -18.4% |
| Recurring financial charges | 65 | €14,490 | €11,829 | -€2,661 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €223,800 | €260,510 | +€36,710 | +16.4% |
| Income taxes | 67/77 | €60,394 | €54,399 | -€5,995 | -9.9% |
| Profit (loss) for the period | 9904 | €163,406 | €206,111 | +€42,705 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,406 | €206,111 | +€42,705 | +26.1% |
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 15 October 2026 via checked.be.