LAMBEVE: 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.
LAMBEVE
Largest movements
- Stocks and contracts -€508,674
no longer reported in 2025 (was €508,674)
- Receivables within one year +€197,257
up €197,257 (+90.8%), from €217,190 to €414,447
of which Other amounts receivable: +€163,592
- Tangible fixed assets -€12,761
down €12,761 (-73.2%), from €17,424 to €4,663
of which Furniture and vehicles: -€10,151
- Profit (loss) carried forward -€278,904
down €278,904 (-225.6%), from -€123,607 to -€402,511
- Trade debts -€29,867
down €29,867 (-38.5%), from €77,655 to €47,788
- Short-term financial debts -€12,723
down €12,723 (-5.9%), from €217,131 to €204,408
of which Credit institutions: -€17,131
- Gross operating margin -€194,652
down €194,652, from €124,008 to -€70,644
- Provisions -€62,004
no longer reported in 2025 (was €62,004)
- Depreciation -€10,608
down €10,608 (-45.4%), from €23,369 to €12,761
- Other operating charges -€6,572
down €6,572 (-69.9%), from €9,400 to €2,828
- Financial charges +€5,259
up €5,259 (+36.2%), from €14,514 to €19,773
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €760,301 | €439,710 | -€320,592 | -42.2% |
| Fixed assets | 21/28 | €33,424 | €20,663 | -€12,761 | -38.2% |
| Tangible fixed assets | 22/27 | €17,424 | €4,663 | -€12,761 | -73.2% |
| Plant, machinery and equipment | 23 | €4,773 | €2,163 | -€2,610 | -54.7% |
| Furniture and vehicles | 24 | €12,651 | €2,500 | -€10,151 | -80.2% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €726,877 | €419,047 | -€307,830 | -42.3% |
| Stocks and contracts in progress | 3 | €508,674 | - | -€508,674 | |
| Stocks | 30/36 | €508,674 | - | -€508,674 | |
| Amounts receivable within one year | 40/41 | €217,190 | €414,447 | +€197,257 | +90.8% |
| Trade receivables | 40 | €10,005 | €43,669 | +€33,664 | +336.5% |
| Other amounts receivable | 41 | €207,185 | €370,778 | +€163,592 | +79.0% |
| Deferred charges and accrued income | 490/1 | €1,013 | €4,600 | +€3,587 | +354.1% |
| Total equity and liabilities | 10/49 | €760,301 | €439,710 | -€320,592 | -42.2% |
| Equity | 10/15 | €335,620 | €56,716 | -€278,904 | -83.1% |
| Contributions | 10/11 | €18,600 | €14,950 | -€3,650 | -19.6% |
| Reserves | 13 | €440,627 | €444,277 | +€3,650 | +0.8% |
| Tax-exempt reserves | 132 | €440,627 | €444,277 | +€3,650 | +0.8% |
| Profit (loss) carried forward | 14 | -€123,607 | -€402,511 | -€278,904 | -225.6% |
| Provisions and deferred taxes | 16 | €111,069 | €111,069 | = | 0.0% |
| Deferred taxes | 168 | €111,069 | €111,069 | = | 0.0% |
| Amounts payable | 17/49 | €313,612 | €271,924 | -€41,688 | -13.3% |
| Amounts payable within one year | 42/48 | €313,612 | €271,924 | -€41,688 | -13.3% |
| Financial debts | 43 | €217,131 | €204,408 | -€12,723 | -5.9% |
| Credit institutions | 430/8 | €217,131 | €200,000 | -€17,131 | -7.9% |
| Other loans | 439 | - | €4,408 | +€4,408 | |
| Trade debts | 44 | €77,655 | €47,788 | -€29,867 | -38.5% |
| Suppliers | 440/4 | €77,655 | €47,788 | -€29,867 | -38.5% |
| Taxes, remuneration and social security | 45 | €1,163 | €4,750 | +€3,587 | +308.5% |
| Taxes | 450/3 | €1,163 | €4,750 | +€3,587 | +308.5% |
| Other amounts payable | 47/48 | €17,663 | €14,978 | -€2,685 | -15.2% |
| Non-recurring operating income | 76A | - | €10,305 | +€10,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,369 | €12,761 | -€10,608 | -45.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €62,004 | - | -€62,004 | |
| Other operating charges | 640/8 | €9,400 | €2,828 | -€6,572 | -69.9% |
| Non-recurring operating charges | 66A | €292,010 | €178,777 | -€113,233 | -38.8% |
| Gross operating margin | 9900 | €124,008 | -€70,644 | -€194,652 | |
| Operating profit (loss) | 9901 | -€262,776 | -€265,011 | -€2,235 | -0.9% |
| Financial income | 75/76B | €1,854 | €5,880 | +€4,026 | +217.2% |
| Recurring financial income | 75 | €1,854 | €5,880 | +€4,026 | +217.2% |
| Financial charges | 65/66B | €14,514 | €19,773 | +€5,259 | +36.2% |
| Recurring financial charges | 65 | €14,514 | €19,773 | +€5,259 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | -€275,436 | -€278,904 | -€3,468 | -1.3% |
| Transfer from deferred taxes | 780 | €173,266 | - | -€173,266 | |
| Profit (loss) for the period | 9904 | -€102,170 | -€278,904 | -€176,734 | -173.0% |
| Transfer from tax-exempt reserves | 789 | €520,760 | - | -€520,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €418,591 | -€278,904 | -€697,494 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.