LAMBRECHT MATHIAS: 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 MATHIAS
Largest movements
- Current investments +€231,080
new in 2025: €231,080
- Cash -€154,587
down €154,587 (-50.8%), from €304,115 to €149,528
mainly Current investments (-€231,080) and Other debts (-€108,835)
- Receivables within one year +€100,000
new in 2025: €100,000
- Tangible fixed assets -€42,264
down €42,264 (-11.0%), from €385,912 to €343,648
of which Furniture and vehicles: -€29,625
- Reserves +€224,097
up €224,097 (+19.1%), from €1.2m to €1.4m
- Other debts -€108,835
down €108,835 (-47.7%), from €228,206 to €119,371
- Tax, wage and social debts +€28,156
up €28,156 (+90.1%), from €31,262 to €59,419
of which Taxes: +€25,582
- Financial income +€33,722
up €33,722 (+16.6%), from €203,236 to €236,958
- Staff costs +€30,940
up €30,940 (+327.7%), from €9,442 to €40,383
- Taxes -€9,794
down €9,794 (-16.4%), from €59,554 to €49,760
- Depreciation +€9,274
up €9,274 (+28.1%), from €32,991 to €42,264
- Financial charges +€8,567
up €8,567 (+85.3%), from €10,042 to €18,610
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 | €1,607,687 | €1,737,459 | +€129,772 | +8.1% |
| Fixed assets | 21/28 | €1,298,775 | €1,256,511 | -€42,264 | -3.3% |
| Tangible fixed assets | 22/27 | €385,912 | €343,648 | -€42,264 | -11.0% |
| Land and buildings | 22 | €261,350 | €248,711 | -€12,639 | -4.8% |
| Furniture and vehicles | 24 | €124,562 | €94,937 | -€29,625 | -23.8% |
| Financial fixed assets | 28 | €912,863 | €912,863 | = | 0.0% |
| Current assets | 29/58 | €308,912 | €480,948 | +€172,036 | +55.7% |
| Amounts receivable within one year | 40/41 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 41 | - | €100,000 | +€100,000 | |
| Current investments | 50/53 | - | €231,080 | +€231,080 | |
| Cash at bank and in hand | 54/58 | €304,115 | €149,528 | -€154,587 | -50.8% |
| Deferred charges and accrued income | 490/1 | €4,797 | €340 | -€4,457 | -92.9% |
| Total equity and liabilities | 10/49 | €1,607,687 | €1,737,459 | +€129,772 | +8.1% |
| Equity | 10/15 | €1,256,283 | €1,480,380 | +€224,097 | +17.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,172,073 | €1,396,170 | +€224,097 | +19.1% |
| Distributable reserves | 133 | €1,172,073 | €1,396,170 | +€224,097 | +19.1% |
| Profit (loss) carried forward | 14 | €65,660 | €65,660 | = | 0.0% |
| Amounts payable | 17/49 | €351,403 | €257,079 | -€94,325 | -26.8% |
| Amounts payable after more than one year | 17 | €75,300 | €62,850 | -€12,450 | -16.5% |
| Financial debts | 170/4 | €75,300 | €62,850 | -€12,450 | -16.5% |
| Amounts payable within one year | 42/48 | €276,104 | €194,229 | -€81,875 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €12,339 | €12,450 | +€110 | +0.9% |
| Trade debts | 44 | €4,296 | €2,989 | -€1,307 | -30.4% |
| Suppliers | 440/4 | €4,296 | €2,989 | -€1,307 | -30.4% |
| Taxes, remuneration and social security | 45 | €31,262 | €59,419 | +€28,156 | +90.1% |
| Taxes | 450/3 | €30,042 | €55,623 | +€25,582 | +85.2% |
| Remuneration and social security | 454/9 | €1,221 | €3,795 | +€2,574 | +210.9% |
| Other amounts payable | 47/48 | €228,206 | €119,371 | -€108,835 | -47.7% |
| Remuneration, social security and pensions | 62 | €9,442 | €40,383 | +€30,940 | +327.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,991 | €42,264 | +€9,274 | +28.1% |
| Other operating charges | 640/8 | €2,159 | €3,297 | +€1,138 | +52.7% |
| Gross operating margin | 9900 | €190,309 | €196,688 | +€6,380 | +3.4% |
| Operating profit (loss) | 9901 | €145,717 | €110,744 | -€34,973 | -24.0% |
| Financial income | 75/76B | €203,236 | €236,958 | +€33,722 | +16.6% |
| Recurring financial income | 75 | €203,236 | €236,958 | +€33,722 | +16.6% |
| Financial charges | 65/66B | €10,042 | €18,610 | +€8,567 | +85.3% |
| Recurring financial charges | 65 | €10,042 | €18,610 | +€8,567 | +85.3% |
| Profit (loss) for the period before taxes | 9903 | €338,911 | €329,092 | -€9,818 | -2.9% |
| Income taxes | 67/77 | €59,554 | €49,760 | -€9,794 | -16.4% |
| Profit (loss) for the period | 9904 | €279,357 | €279,333 | -€24 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €279,357 | €279,333 | -€24 | 0.0% |
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.