Lambert Frères: 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.
What changed
Lambert Frères
NACE 42.110, Construction of roads and motorways
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €587,043+€922,994
Equity
€3.4m
2024 · €3.1m+€293,530
Cash
€1.5m
2024 · €1.0m+€507,139
Balance sheet total
€14.6m
2024 · €13.4m+€1.2m
Largest movements
Assets
- Current investments +€600,000
new in 2025: €600,000
- Cash +€507,139
up €507,139 (+50.4%), from €1.0m to €1.5m
mainly Depreciation (+€1.7m) and Net result for the year (+€1.5m)
- Tangible fixed assets +€465,464
up €465,464 (+6.9%), from €6.7m to €7.2m
of which Leasing and similar rights: +€590,429
- Receivables within one year -€331,340
down €331,340 (-6.4%), from €5.2m to €4.8m
of which Trade receivables: -€169,621
Equity and liabilities
- Other debts +€700,165
up €700,165 (+136.2%), from €514,239 to €1.2m
- Trade debts -€316,457
down €316,457 (-8.7%), from €3.6m to €3.3m
- Reserves +€309,957
up €309,957 (+11.8%), from €2.6m to €2.9m
of which Tax-exempt reserves: +€205,500
- Tax, wage and social debts +€272,395
up €272,395 (+66.7%), from €408,476 to €680,871
of which Taxes: +€195,829
- Current portion of long-term debt +€221,948
up €221,948 (+18.5%), from €1.2m to €1.4m
Income statement
- Turnover +€3.8m
up €3.8m (+20.8%), from €18.0m to €21.8m
- Goods and materials +€1.5m
up €1.5m (+20.9%), from €7.4m to €8.9m
of which Purchases: +€1.5m
- Services and other goods +€353,452
up €353,452 (+8.3%), from €4.3m to €4.6m
- Depreciation +€301,473
up €301,473 (+22.0%), from €1.4m to €1.7m
- Staff costs +€291,325
up €291,325 (+6.1%), from €4.8m to €5.1m
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
€587,043
Turnover
+€3.8m
Other operating income
+€39,458
Goods and materials
-€1.5m
Services and other goods
-€353,452
Staff costs
-€291,325
Depreciation
-€301,473
Write-downs
-€43,997
Other operating charges
+€6,062
Other operating items
-€11,004
Financial income
-€24,419
Financial charges
-€19,057
Taxes
-€290,628
Result 2025
€1.5m
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
+€4.2m
Investment
-€2.8m
Financing
-€950,313
Cash 2024
€1.0m
From operations (derived)
+€4.2m
Net result for the year
+€1.5m
Depreciation
+€1.7m
Smaller working-capital items
-€795
Receivables within one year
+€331,340
Deferred charges and accrued income
+€64,728
Trade debts
-€316,457
Tax, wage and social debts
+€272,395
Other debts
+€700,165
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.2m
Current investments
-€600,000
Financing
-€950,313
Debts after one year
+€44,247
Current portion of long-term debt
+€221,948
Contributions, distributions and other
-€1.2m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,406,465 | €14,622,869 | +€1.2m | +9.1% |
| Fixed assets | 21/28 | €6,996,942 | €7,500,904 | +€503,962 | +7.2% |
| Tangible fixed assets | 22/27 | €6,714,352 | €7,179,816 | +€465,464 | +6.9% |
| Land and buildings | 22 | €2,351,150 | €2,515,701 | +€164,551 | +7.0% |
| Plant, machinery and equipment | 23 | €1,508,369 | €1,292,538 | -€215,830 | -14.3% |
| Furniture and vehicles | 24 | €283,074 | €263,989 | -€19,085 | -6.7% |
| Leasing and similar rights | 25 | €2,187,315 | €2,777,744 | +€590,429 | +27.0% |
| Other tangible fixed assets | 26 | €329,843 | €329,843 | = | 0.0% |
| Assets under construction and advance payments | 27 | €54,600 | €0 | -€54,600 | -100.0% |
| Financial fixed assets | 28 | €282,591 | €321,089 | +€38,498 | +13.6% |
| Other financial fixed assets | 284/8 | €282,591 | €321,089 | +€38,498 | +13.6% |
| Shares | 284 | €30,599 | €33,099 | +€2,500 | +8.2% |
| Amounts receivable and cash guarantees | 285/8 | €251,992 | €287,990 | +€35,998 | +14.3% |
| Current assets | 29/58 | €6,409,523 | €7,121,965 | +€712,443 | +11.1% |
| Stocks and contracts in progress | 3 | €118,282 | €119,653 | +€1,372 | +1.2% |
| Stocks | 30/36 | €118,282 | €119,653 | +€1,372 | +1.2% |
| Raw materials and consumables | 30/31 | €118,282 | €119,653 | +€1,372 | +1.2% |
| Amounts receivable within one year | 40/41 | €5,172,781 | €4,841,441 | -€331,340 | -6.4% |
| Trade receivables | 40 | €3,583,559 | €3,413,938 | -€169,621 | -4.7% |
| Other amounts receivable | 41 | €1,589,222 | €1,427,503 | -€161,720 | -10.2% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Other investments | 51/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €1,006,530 | €1,513,669 | +€507,139 | +50.4% |
| Deferred charges and accrued income | 490/1 | €111,930 | €47,201 | -€64,728 | -57.8% |
| Total equity and liabilities | 10/49 | €13,406,465 | €14,622,869 | +€1.2m | +9.1% |
| Equity | 10/15 | €3,107,638 | €3,401,168 | +€293,530 | +9.4% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €2,625,627 | €2,935,584 | +€309,957 | +11.8% |
| Non-distributable reserves | 130/1 | €37,200 | €37,200 | = | 0.0% |
| Legal reserve | 130 | €37,200 | €37,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €543,000 | €748,500 | +€205,500 | +37.8% |
| Distributable reserves | 133 | €2,045,427 | €2,149,884 | +€104,457 | +5.1% |
| Investment grants | 15 | €110,011 | €93,584 | -€16,427 | -14.9% |
| Provisions and deferred taxes | 16 | €150,000 | €150,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €150,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable | 17/49 | €10,148,827 | €11,071,701 | +€922,875 | +9.1% |
| Amounts payable after more than one year | 17 | €4,375,308 | €4,419,554 | +€44,247 | +1.0% |
| Financial debts | 170/4 | €4,375,308 | €4,419,554 | +€44,247 | +1.0% |
| Leasing and similar obligations | 172 | €1,749,561 | €2,119,708 | +€370,146 | +21.2% |
| Credit institutions | 173 | €2,625,747 | €2,299,847 | -€325,900 | -12.4% |
| Amounts payable within one year | 42/48 | €5,757,775 | €6,635,826 | +€878,051 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €1,199,387 | €1,421,335 | +€221,948 | +18.5% |
| Trade debts | 44 | €3,635,673 | €3,319,216 | -€316,457 | -8.7% |
| Suppliers | 440/4 | €3,635,673 | €3,319,216 | -€316,457 | -8.7% |
| Taxes, remuneration and social security | 45 | €408,476 | €680,871 | +€272,395 | +66.7% |
| Taxes | 450/3 | €84,922 | €280,751 | +€195,829 | +230.6% |
| Remuneration and social security | 454/9 | €323,555 | €400,120 | +€76,565 | +23.7% |
| Other amounts payable | 47/48 | €514,239 | €1,214,404 | +€700,165 | +136.2% |
| Accrued charges and deferred income | 492/3 | €15,744 | €16,321 | +€577 | +3.7% |
| Operating income | 70/76A | €18,791,213 | €22,579,477 | +€3.8m | +20.2% |
| Turnover | 70 | €18,037,438 | €21,790,965 | +€3.8m | +20.8% |
| Other operating income | 74 | €454,919 | €494,376 | +€39,458 | +8.7% |
| Non-recurring operating income | 76A | €298,857 | €294,135 | -€4,722 | -1.6% |
| Operating charges | 60/66A | €17,991,527 | €20,522,692 | +€2.5m | +14.1% |
| Goods for resale, raw materials and consumables | 60 | €7,361,647 | €8,902,346 | +€1.5m | +20.9% |
| Purchases | 600/8 | €7,359,474 | €8,903,718 | +€1.5m | +21.0% |
| Change in stocks: decrease (increase) | 609 | €2,173 | -€1,372 | -€3,545 | |
| Services and other goods | 61 | €4,263,246 | €4,616,697 | +€353,452 | +8.3% |
| Remuneration, social security and pensions | 62 | €4,762,707 | €5,054,031 | +€291,325 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372,405 | €1,673,878 | +€301,473 | +22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,206 | €49,203 | +€43,997 | +845.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €214,012 | €207,950 | -€6,062 | -2.8% |
| Non-recurring operating charges | 66A | €12,304 | €18,586 | +€6,282 | +51.1% |
| Operating profit (loss) | 9901 | €799,686 | €2,056,784 | +€1.3m | +157.2% |
| Financial income | 75/76B | €148,624 | €124,205 | -€24,419 | -16.4% |
| Recurring financial income | 75 | €148,624 | €124,205 | -€24,419 | -16.4% |
| Income from current assets | 751 | €9,782 | €44,468 | +€34,687 | +354.6% |
| Other financial income | 752/9 | €138,843 | €79,737 | -€59,106 | -42.6% |
| Financial charges | 65/66B | €191,084 | €210,141 | +€19,057 | +10.0% |
| Recurring financial charges | 65 | €191,084 | €210,141 | +€19,057 | +10.0% |
| Debt charges | 650 | €150,020 | €169,943 | +€19,923 | +13.3% |
| Other financial charges | 652/9 | €41,064 | €40,198 | -€867 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €757,227 | €1,970,849 | +€1.2m | +160.3% |
| Income taxes | 67/77 | €170,183 | €460,811 | +€290,628 | +170.8% |
| Taxes | 670/3 | €170,183 | €460,811 | +€290,628 | +170.8% |
| Profit (loss) for the period | 9904 | €587,043 | €1,510,037 | +€922,994 | +157.2% |
| Transfer to tax-exempt reserves | 689 | €54,500 | €205,500 | +€151,000 | +277.1% |
| Profit (loss) for the period to be appropriated | 9905 | €532,543 | €1,304,537 | +€771,994 | +145.0% |
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 12 October 2026 via checked.be.