LAMBDA: 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.
LAMBDA
Largest movements
- Tangible fixed assets -€38,292
down €38,292 (-18.3%), from €209,735 to €171,443
of which Other tangible fixed assets: -€28,607
- Receivables within one year -€12,283
down €12,283 (-28.3%), from €43,379 to €31,096
of which Other amounts receivable: -€18,543
- Cash +€6,652
up €6,652 (+18.1%), from €36,759 to €43,412
mainly Depreciation (+€44,392) and Receivables within one year (+€12,283)
- Deferred charges and accrued income -€3,946
down €3,946 (-91.3%), from €4,322 to €376
- Trade debts -€40,018
no longer reported in 2025 (was €40,018)
- Other debts +€12,107
up €12,107 (+4.8%), from €250,732 to €262,839
- Current portion of long-term debt -€11,760
no longer reported in 2025 (was €11,760)
- Profit (loss) carried forward -€7,971
down €7,971 (-13.2%), from -€60,370 to -€68,342
- Gross operating margin +€28,416
up €28,416 (+11.1%), from €256,050 to €284,467
- Staff costs -€4,898
down €4,898 (-2.0%), from €247,758 to €242,861
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 | €300,884 | €255,028 | -€45,855 | -15.2% |
| Fixed assets | 21/28 | €210,660 | €171,443 | -€39,217 | -18.6% |
| Intangible fixed assets | 21 | €925 | - | -€925 | |
| Tangible fixed assets | 22/27 | €209,735 | €171,443 | -€38,292 | -18.3% |
| Plant, machinery and equipment | 23 | €21,895 | €15,907 | -€5,988 | -27.3% |
| Furniture and vehicles | 24 | €6,528 | €2,831 | -€3,697 | -56.6% |
| Other tangible fixed assets | 26 | €181,311 | €152,705 | -€28,607 | -15.8% |
| Current assets | 29/58 | €90,224 | €83,585 | -€6,639 | -7.4% |
| Stocks and contracts in progress | 3 | €5,763 | €8,701 | +€2,938 | +51.0% |
| Stocks | 30/36 | €5,763 | €8,701 | +€2,938 | +51.0% |
| Amounts receivable within one year | 40/41 | €43,379 | €31,096 | -€12,283 | -28.3% |
| Trade receivables | 40 | - | €6,260 | +€6,260 | |
| Other amounts receivable | 41 | €43,379 | €24,836 | -€18,543 | -42.7% |
| Cash at bank and in hand | 54/58 | €36,759 | €43,412 | +€6,652 | +18.1% |
| Deferred charges and accrued income | 490/1 | €4,322 | €376 | -€3,946 | -91.3% |
| Total equity and liabilities | 10/49 | €300,884 | €255,028 | -€45,855 | -15.2% |
| Equity | 10/15 | -€35,931 | -€43,902 | -€7,971 | -22.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,847 | €5,847 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,988 | €3,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,370 | -€68,342 | -€7,971 | -13.2% |
| Amounts payable | 17/49 | €336,815 | €298,930 | -€37,884 | -11.2% |
| Amounts payable within one year | 42/48 | €336,815 | €298,930 | -€37,884 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €11,760 | - | -€11,760 | |
| Trade debts | 44 | €40,018 | - | -€40,018 | |
| Suppliers | 440/4 | €40,018 | - | -€40,018 | |
| Taxes, remuneration and social security | 45 | €34,305 | €36,091 | +€1,787 | +5.2% |
| Taxes | 450/3 | €14,748 | €17,388 | +€2,640 | +17.9% |
| Remuneration and social security | 454/9 | €19,557 | €18,704 | -€853 | -4.4% |
| Other amounts payable | 47/48 | €250,732 | €262,839 | +€12,107 | +4.8% |
| Remuneration, social security and pensions | 62 | €247,758 | €242,861 | -€4,898 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,628 | €44,392 | +€2,764 | +6.6% |
| Other operating charges | 640/8 | €3,496 | €3,414 | -€82 | -2.4% |
| Gross operating margin | 9900 | €256,050 | €284,467 | +€28,416 | +11.1% |
| Operating profit (loss) | 9901 | -€36,832 | -€6,200 | +€30,633 | +83.2% |
| Financial income | 75/76B | €324 | €35 | -€289 | -89.3% |
| Recurring financial income | 75 | €324 | €35 | -€289 | -89.3% |
| Financial charges | 65/66B | €1,470 | €1,806 | +€336 | +22.8% |
| Recurring financial charges | 65 | €1,470 | €1,806 | +€336 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,979 | -€7,971 | +€30,008 | +79.0% |
| Profit (loss) for the period | 9904 | -€37,979 | -€7,971 | +€30,008 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,979 | -€7,971 | +€30,008 | +79.0% |
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 14 October 2026 via checked.be.