LAMBRECHT BRECHT: 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.
LAMBRECHT BRECHT
Largest movements
- Tangible fixed assets +€277,935
up €277,935 (+21.4%), from €1.3m to €1.6m
of which Assets under construction and advance payments: +€248,380
- Current investments -€56,000
down €56,000 (-91.8%), from €61,000 to €5,000
- Cash +€55,392
up €55,392 (+53.8%), from €103,037 to €158,428
mainly Net result for the year (+€196,299) and Debts after one year (+€85,056)
- Profit (loss) carried forward +€196,299
up €196,299 (+16.1%), from €1.2m to €1.4m
- Debts after one year +€85,056
up €85,056 (+24.5%), from €346,602 to €431,658
- Depreciation +€11,936
up €11,936 (+20.6%), from €57,809 to €69,744
- Gross operating margin -€9,283
down €9,283 (-2.5%), from €371,434 to €362,151
- Taxes -€8,913
down €8,913 (-12.4%), from €71,785 to €62,871
- Financial charges +€4,804
up €4,804 (+32.4%), from €14,848 to €19,652
- Other operating charges +€4,096
up €4,096 (+47.6%), from €8,599 to €12,695
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
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 | €1,703,038 | €1,988,222 | +€285,184 | +16.7% |
| Fixed assets | 21/28 | €1,519,839 | €1,797,774 | +€277,935 | +18.3% |
| Tangible fixed assets | 22/27 | €1,299,794 | €1,577,729 | +€277,935 | +21.4% |
| Land and buildings | 22 | €1,075,093 | €1,123,174 | +€48,082 | +4.5% |
| Plant, machinery and equipment | 23 | €31,647 | €28,584 | -€3,064 | -9.7% |
| Furniture and vehicles | 24 | €55,546 | €42,845 | -€12,701 | -22.9% |
| Other tangible fixed assets | 26 | €19,301 | €16,539 | -€2,763 | -14.3% |
| Assets under construction and advance payments | 27 | €118,207 | €366,587 | +€248,380 | +210.1% |
| Financial fixed assets | 28 | €220,045 | €220,045 | = | 0.0% |
| Current assets | 29/58 | €183,199 | €190,449 | +€7,249 | +4.0% |
| Amounts receivable within one year | 40/41 | €16,668 | €23,853 | +€7,185 | +43.1% |
| Trade receivables | 40 | €2,973 | €1,186 | -€1,786 | -60.1% |
| Other amounts receivable | 41 | €13,695 | €22,666 | +€8,971 | +65.5% |
| Current investments | 50/53 | €61,000 | €5,000 | -€56,000 | -91.8% |
| Cash at bank and in hand | 54/58 | €103,037 | €158,428 | +€55,392 | +53.8% |
| Deferred charges and accrued income | 490/1 | €2,495 | €3,167 | +€673 | +27.0% |
| Total equity and liabilities | 10/49 | €1,703,038 | €1,988,222 | +€285,184 | +16.7% |
| Equity | 10/15 | €1,286,260 | €1,482,558 | +€196,299 | +15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €56,860 | €56,860 | = | 0.0% |
| Distributable reserves | 133 | €56,860 | €56,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,217,000 | €1,413,298 | +€196,299 | +16.1% |
| Amounts payable | 17/49 | €416,778 | €505,664 | +€88,886 | +21.3% |
| Amounts payable after more than one year | 17 | €346,602 | €431,658 | +€85,056 | +24.5% |
| Financial debts | 170/4 | €346,602 | €431,658 | +€85,056 | +24.5% |
| Amounts payable within one year | 42/48 | €69,923 | €74,005 | +€4,083 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €34,710 | €45,054 | +€10,344 | +29.8% |
| Trade debts | 44 | €7,347 | €6,698 | -€649 | -8.8% |
| Suppliers | 440/4 | €7,347 | €6,698 | -€649 | -8.8% |
| Taxes, remuneration and social security | 45 | €21,498 | €22,254 | +€756 | +3.5% |
| Taxes | 450/3 | €21,498 | €22,254 | +€756 | +3.5% |
| Other amounts payable | 47/48 | €6,368 | - | -€6,368 | |
| Accrued charges and deferred income | 492/3 | €253 | - | -€253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,809 | €69,744 | +€11,936 | +20.6% |
| Other operating charges | 640/8 | €8,599 | €12,695 | +€4,096 | +47.6% |
| Non-recurring operating charges | 66A | - | €956 | +€956 | |
| Gross operating margin | 9900 | €371,434 | €362,151 | -€9,283 | -2.5% |
| Operating profit (loss) | 9901 | €305,026 | €278,755 | -€26,271 | -8.6% |
| Financial income | 75/76B | €2,183 | €67 | -€2,116 | -96.9% |
| Recurring financial income | 75 | €2,183 | €67 | -€2,116 | -96.9% |
| Financial charges | 65/66B | €14,848 | €19,652 | +€4,804 | +32.4% |
| Recurring financial charges | 65 | €14,848 | €19,652 | +€4,804 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €292,361 | €259,170 | -€33,191 | -11.4% |
| Income taxes | 67/77 | €71,785 | €62,871 | -€8,913 | -12.4% |
| Profit (loss) for the period | 9904 | €220,576 | €196,299 | -€24,278 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €220,576 | €196,299 | -€24,278 | -11.0% |
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 11 October 2026 via checked.be.