Lambrecht - Verbeke: 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 - Verbeke
Largest movements
- Receivables within one year +€70,704
up €70,704 (+11.1%), from €638,008 to €708,712
of which Trade receivables: +€80,808
- Trade debts +€51,652
up €51,652 (+132%), from €39,183 to €90,835
- Accrued charges and deferred income +€11,980
new in 2025: €11,980
- Profit (loss) carried forward +€11,451
up €11,451 (+4.5%), from €254,900 to €266,351
- Staff costs +€31,621
up €31,621 (+9.0%), from €351,053 to €382,675
- Gross operating margin +€26,733
up €26,733 (+6.9%), from €386,540 to €413,273
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.
Derived cash bridge
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 | €745,469 | €813,307 | +€67,838 | +9.1% |
| Fixed assets | 21/28 | €75,061 | €75,061 | = | 0.0% |
| Tangible fixed assets | 22/27 | €74,937 | €74,937 | = | 0.0% |
| Land and buildings | 22 | €74,937 | €74,937 | = | 0.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €670,408 | €738,246 | +€67,838 | +10.1% |
| Amounts receivable within one year | 40/41 | €638,008 | €708,712 | +€70,704 | +11.1% |
| Trade receivables | 40 | €627,867 | €708,675 | +€80,808 | +12.9% |
| Other amounts receivable | 41 | €10,141 | €37 | -€10,104 | -99.6% |
| Cash at bank and in hand | 54/58 | €31,835 | €29,534 | -€2,301 | -7.2% |
| Deferred charges and accrued income | 490/1 | €565 | €0 | -€565 | -100% |
| Total equity and liabilities | 10/49 | €745,469 | €813,307 | +€67,838 | +9.1% |
| Equity | 10/15 | €638,486 | €649,936 | +€11,451 | +1.8% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €36,535 | €36,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Distributable reserves | 133 | €1,829 | €1,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,900 | €266,351 | +€11,451 | +4.5% |
| Amounts payable | 17/49 | €106,984 | €163,371 | +€56,387 | +52.7% |
| Amounts payable within one year | 42/48 | €106,984 | €151,391 | +€44,407 | +41.5% |
| Trade debts | 44 | €39,183 | €90,835 | +€51,652 | +132% |
| Suppliers | 440/4 | €39,183 | €90,835 | +€51,652 | +132% |
| Taxes, remuneration and social security | 45 | €67,801 | €60,556 | -€7,245 | -10.7% |
| Taxes | 450/3 | €33,142 | €21,005 | -€12,137 | -36.6% |
| Remuneration and social security | 454/9 | €34,660 | €39,551 | +€4,892 | +14.1% |
| Accrued charges and deferred income | 492/3 | - | €11,980 | +€11,980 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €351,053 | €382,675 | +€31,621 | +9.0% |
| Other operating charges | 640/8 | €12,955 | €12,473 | -€482 | -3.7% |
| Gross operating margin | 9900 | €386,540 | €413,273 | +€26,733 | +6.9% |
| Operating profit (loss) | 9901 | €22,532 | €18,125 | -€4,406 | -19.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €698 | €945 | +€247 | +35.4% |
| Recurring financial charges | 65 | €698 | €945 | +€247 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €21,834 | €17,181 | -€4,653 | -21.3% |
| Income taxes | 67/77 | €6,865 | €5,730 | -€1,135 | -16.5% |
| Profit (loss) for the period | 9904 | €14,968 | €11,451 | -€3,517 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,968 | €11,451 | -€3,517 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.