LAMAXA: 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.
LAMAXA
Largest movements
- Current investments -€36,472
down €36,472 (-10.0%), from €365,384 to €328,912
- Tangible fixed assets +€18,372
up €18,372 (+64.2%), from €28,599 to €46,970
of which Furniture and vehicles: +€20,244
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€7,876
up €7,876 (+339%), from €2,323 to €10,198
- Depreciation +€3,362
up €3,362 (+167%), from €2,011 to €5,372
- Gross operating margin -€1,570
down €1,570 (-17.5%), from -€8,998 to -€10,568
- Financial charges -€236
down €236 (-43.0%), from €548 to €312
- Other operating charges +€146
up €146 (+10.4%), from €1,401 to €1,547
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 | €1,670,934 | €1,658,732 | -€12,202 | -0.7% |
| Fixed assets | 21/28 | €1,278,599 | €1,296,970 | +€18,372 | +1.4% |
| Tangible fixed assets | 22/27 | €28,599 | €46,970 | +€18,372 | +64.2% |
| Land and buildings | 22 | €28,000 | €26,500 | -€1,500 | -5.4% |
| Plant, machinery and equipment | 23 | €599 | €226 | -€372 | -62.2% |
| Furniture and vehicles | 24 | - | €20,244 | +€20,244 | |
| Financial fixed assets | 28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Current assets | 29/58 | €392,336 | €361,762 | -€30,574 | -7.8% |
| Amounts receivable within one year | 40/41 | €19,368 | €23,464 | +€4,095 | +21.1% |
| Other amounts receivable | 41 | €19,368 | €23,464 | +€4,095 | +21.1% |
| Current investments | 50/53 | €365,384 | €328,912 | -€36,472 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,949 | €6,810 | +€4,862 | +249% |
| Deferred charges and accrued income | 490/1 | €5,635 | €2,576 | -€3,059 | -54.3% |
| Total equity and liabilities | 10/49 | €1,670,934 | €1,658,732 | -€12,202 | -0.7% |
| Equity | 10/15 | €1,576,683 | €1,568,803 | -€7,879 | -0.5% |
| Contributions | 10/11 | €1,375,000 | €1,375,000 | = | 0.0% |
| Reserves | 13 | €212,668 | €212,668 | = | 0.0% |
| Distributable reserves | 133 | €212,668 | €212,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,985 | -€18,865 | -€7,879 | -71.7% |
| Amounts payable | 17/49 | €94,251 | €89,929 | -€4,322 | -4.6% |
| Amounts payable within one year | 42/48 | €94,251 | €89,929 | -€4,322 | -4.6% |
| Trade debts | 44 | €2,288 | - | -€2,288 | |
| Suppliers | 440/4 | €2,288 | - | -€2,288 | |
| Taxes, remuneration and social security | 45 | €115 | - | -€115 | |
| Taxes | 450/3 | €115 | - | -€115 | |
| Other amounts payable | 47/48 | €91,848 | €89,929 | -€1,919 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €5,372 | +€3,362 | +167% |
| Other operating charges | 640/8 | €1,401 | €1,547 | +€146 | +10.4% |
| Gross operating margin | 9900 | -€8,998 | -€10,568 | -€1,570 | -17.5% |
| Operating profit (loss) | 9901 | -€12,410 | -€17,487 | -€5,077 | -40.9% |
| Financial income | 75/76B | €2,323 | €10,198 | +€7,876 | +339% |
| Recurring financial income | 75 | €2,323 | €10,198 | +€7,876 | +339% |
| Financial charges | 65/66B | €548 | €312 | -€236 | -43.0% |
| Recurring financial charges | 65 | €548 | €312 | -€236 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,635 | -€7,601 | +€3,034 | +28.5% |
| Income taxes | 67/77 | €350 | €278 | -€72 | -20.5% |
| Profit (loss) for the period | 9904 | -€10,985 | -€7,879 | +€3,106 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,985 | -€7,879 | +€3,106 | +28.3% |
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 16 October 2026 via checked.be.