LAMBDA INSULATION: what changed
Two fiscal 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.
What changed
LAMBDA INSULATION
NACE 43.230, Insulation installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€129,079
2024 · €132,808-€3,728
Equity
€395,293
2024 · €466,213-€70,921
Cash
€427,124
2024 · €357,495+€69,629
Balance sheet total
€1.7m
2024 · €1.5m+€262,014
Largest movements
Assets
- Current investments +€200,000
new in 2025: €200,000
- Cash +€69,629
up €69,629 (+19.5%), from €357,495 to €427,124
mainly Trade debts (+€213,145) and Other debts (+€200,015)
Equity and liabilities
- Trade debts +€213,145
up €213,145 (+47.5%), from €448,460 to €661,605
- Other debts +€200,015
up €200,015 (+14581.5%), from €1,372 to €201,387
- Profit (loss) carried forward -€70,921
down €70,921 (-19.9%), from €356,213 to €285,293
- Debts after one year -€64,456
down €64,456 (-16.1%), from €400,714 to €336,258
Income statement
- Staff costs +€216,028
up €216,028 (+32.9%), from €656,883 to €872,911
- Gross operating margin +€199,287
up €199,287 (+22.2%), from €896,224 to €1.1m
- Other operating charges +€111,604
up €111,604 (+2838.4%), from €3,932 to €115,536
- Write-downs -€111,033
new in 2025: -€111,033
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.
Result 2024
€132,808
Gross operating margin
+€199,287
Staff costs
-€216,028
Depreciation
+€7,064
Write-downs
+€111,033
Other operating charges
-€111,604
Other operating items
-€888
Financial income
+€20
Financial charges
+€5,251
Taxes
+€2,136
Result 2025
€129,079
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.
From operations
+€560,425
Investment
-€219,347
Financing
-€271,449
Cash 2024
€357,495
From operations (derived)
+€560,425
Net result for the year
+€129,079
Depreciation
+€21,833
Stocks and contracts
-€3,642
Receivables within one year
+€17,198
Deferred charges and accrued income
-€8,426
Trade debts
+€213,145
Tax, wage and social debts
-€15,404
Other debts
+€200,015
Accrued charges and deferred income
+€6,628
Investment (derived)
-€219,347
Investment in fixed assets (net)
-€19,347
Current investments
-€200,000
Financing
-€271,449
Debts after one year
-€64,456
Current portion of long-term debt
-€6,992
Contributions, distributions and other
-€200,000
Cash 2025
€427,124
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,462,677 | €1,724,692 | +€262,014 | +17.9% |
| Fixed assets | 21/28 | €82,428 | €79,943 | -€2,486 | -3.0% |
| Tangible fixed assets | 22/27 | €82,322 | €79,836 | -€2,486 | -3.0% |
| Furniture and vehicles | 24 | €68,526 | €63,747 | -€4,779 | -7.0% |
| Other tangible fixed assets | 26 | €13,795 | €16,089 | +€2,294 | +16.6% |
| Financial fixed assets | 28 | €106 | €106 | = | 0.0% |
| Current assets | 29/58 | €1,380,249 | €1,644,749 | +€264,500 | +19.2% |
| Stocks and contracts in progress | 3 | €54,786 | €58,428 | +€3,642 | +6.6% |
| Stocks | 30/36 | €54,786 | €58,428 | +€3,642 | +6.6% |
| Amounts receivable within one year | 40/41 | €967,969 | €950,771 | -€17,198 | -1.8% |
| Trade receivables | 40 | €916,382 | €827,735 | -€88,647 | -9.7% |
| Other amounts receivable | 41 | €51,586 | €123,035 | +€71,449 | +138.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €357,495 | €427,124 | +€69,629 | +19.5% |
| Deferred charges and accrued income | 490/1 | €0 | €8,426 | +€8,426 | |
| Total equity and liabilities | 10/49 | €1,462,677 | €1,724,692 | +€262,014 | +17.9% |
| Equity | 10/15 | €466,213 | €395,293 | -€70,921 | -15.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,213 | €285,293 | -€70,921 | -19.9% |
| Amounts payable | 17/49 | €996,464 | €1,329,399 | +€332,935 | +33.4% |
| Amounts payable after more than one year | 17 | €400,714 | €336,258 | -€64,456 | -16.1% |
| Financial debts | 170/4 | €400,714 | €336,258 | -€64,456 | -16.1% |
| Amounts payable within one year | 42/48 | €595,750 | €986,513 | +€390,763 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €89,981 | €82,988 | -€6,992 | -7.8% |
| Trade debts | 44 | €448,460 | €661,605 | +€213,145 | +47.5% |
| Suppliers | 440/4 | €448,460 | €661,605 | +€213,145 | +47.5% |
| Taxes, remuneration and social security | 45 | €55,937 | €40,533 | -€15,404 | -27.5% |
| Taxes | 450/3 | €27,047 | €14,487 | -€12,559 | -46.4% |
| Remuneration and social security | 454/9 | €28,891 | €26,046 | -€2,845 | -9.8% |
| Other amounts payable | 47/48 | €1,372 | €201,387 | +€200,015 | +14581.5% |
| Accrued charges and deferred income | 492/3 | €0 | €6,628 | +€6,628 | |
| Non-recurring operating income | 76A | €0 | €6,880 | +€6,880 | |
| Remuneration, social security and pensions | 62 | €656,883 | €872,911 | +€216,028 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,897 | €21,833 | -€7,064 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€111,033 | -€111,033 | |
| Other operating charges | 640/8 | €3,932 | €115,536 | +€111,604 | +2838.4% |
| Non-recurring operating charges | 66A | €0 | €888 | +€888 | |
| Gross operating margin | 9900 | €896,224 | €1,095,510 | +€199,287 | +22.2% |
| Operating profit (loss) | 9901 | €206,511 | €195,376 | -€11,135 | -5.4% |
| Financial income | 75/76B | €3 | €24 | +€20 | +619.4% |
| Recurring financial income | 75 | €3 | €24 | +€20 | +619.4% |
| Financial charges | 65/66B | €26,035 | €20,784 | -€5,251 | -20.2% |
| Recurring financial charges | 65 | €26,035 | €20,784 | -€5,251 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €180,480 | €174,616 | -€5,864 | -3.2% |
| Income taxes | 67/77 | €47,672 | €45,536 | -€2,136 | -4.5% |
| Profit (loss) for the period | 9904 | €132,808 | €129,079 | -€3,728 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €132,808 | €129,079 | -€3,728 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.