LAMBRECHT & ZOON: 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 & ZOON
Largest movements
- Cash -€224,086
down €224,086 (-60.9%), from €368,037 to €143,951
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€60,331)
- Receivables within one year -€30,499
down €30,499 (-70.1%), from €43,493 to €12,995
of which Other amounts receivable: -€33,959
- Tangible fixed assets +€29,782
up €29,782 (+15.1%), from €197,045 to €226,827
of which Land and buildings: +€48,787
- Contributions -€200,000
down €200,000 (-62.3%), from €321,205 to €121,205
- Debts after one year -€17,290
down €17,290 (-71.8%), from €24,078 to €6,789
- Reserves -€8,268
down €8,268 (-3.0%), from €277,988 to €269,720
- Current portion of long-term debt -€8,111
down €8,111 (-31.9%), from €25,401 to €17,290
- Gross operating margin -€476,237
down €476,237 (-95.0%), from €501,143 to €24,906
- Staff costs -€91,277
down €91,277 (-99.9%), from €91,403 to €126
- Taxes -€81,308
down €81,308 (-99.9%), from €81,399 to €91
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 | €661,253 | €435,036 | -€226,217 | -34.2% |
| Fixed assets | 21/28 | €197,094 | €226,877 | +€29,782 | +15.1% |
| Tangible fixed assets | 22/27 | €197,045 | €226,827 | +€29,782 | +15.1% |
| Land and buildings | 22 | €162,781 | €211,569 | +€48,787 | +30.0% |
| Furniture and vehicles | 24 | €34,264 | €15,259 | -€19,005 | -55.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €464,159 | €208,160 | -€255,999 | -55.2% |
| Amounts receivable after more than one year | 29 | €37,967 | €37,967 | = | 0.0% |
| Trade receivables | 290 | €37,967 | €37,967 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,800 | €5,300 | -€500 | -8.6% |
| Stocks | 30/36 | €5,800 | €5,300 | -€500 | -8.6% |
| Amounts receivable within one year | 40/41 | €43,493 | €12,995 | -€30,499 | -70.1% |
| Trade receivables | 40 | €9,459 | €12,920 | +€3,461 | +36.6% |
| Other amounts receivable | 41 | €34,034 | €75 | -€33,959 | -99.8% |
| Cash at bank and in hand | 54/58 | €368,037 | €143,951 | -€224,086 | -60.9% |
| Deferred charges and accrued income | 490/1 | €8,862 | €7,948 | -€914 | -10.3% |
| Total equity and liabilities | 10/49 | €661,253 | €435,036 | -€226,217 | -34.2% |
| Equity | 10/15 | €605,488 | €397,221 | -€208,268 | -34.4% |
| Contributions | 10/11 | €321,205 | €121,205 | -€200,000 | -62.3% |
| Revaluation surpluses | 12 | €6,295 | €6,295 | = | 0.0% |
| Reserves | 13 | €277,988 | €269,720 | -€8,268 | -3.0% |
| Distributable reserves | 133 | €277,988 | €269,720 | -€8,268 | -3.0% |
| Amounts payable | 17/49 | €55,765 | €37,816 | -€17,949 | -32.2% |
| Amounts payable after more than one year | 17 | €24,078 | €6,789 | -€17,290 | -71.8% |
| Financial debts | 170/4 | €24,078 | €6,789 | -€17,290 | -71.8% |
| Amounts payable within one year | 42/48 | €31,687 | €31,027 | -€660 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €25,401 | €17,290 | -€8,111 | -31.9% |
| Trade debts | 44 | €3,596 | €7,843 | +€4,247 | +118% |
| Suppliers | 440/4 | €3,596 | €7,843 | +€4,247 | +118% |
| Taxes, remuneration and social security | 45 | €1,690 | €3,589 | +€1,899 | +112% |
| Taxes | 450/3 | €1,690 | €3,589 | +€1,899 | +112% |
| Other amounts payable | 47/48 | €1,000 | €2,305 | +€1,305 | +131% |
| Non-recurring operating income | 76A | €350,634 | - | -€350,634 | |
| Remuneration, social security and pensions | 62 | €91,403 | €126 | -€91,277 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,079 | €30,549 | +€4,470 | +17.1% |
| Other operating charges | 640/8 | €4,006 | €2,326 | -€1,680 | -41.9% |
| Non-recurring operating charges | 66A | €16,552 | - | -€16,552 | |
| Gross operating margin | 9900 | €501,143 | €24,906 | -€476,237 | -95.0% |
| Operating profit (loss) | 9901 | €363,102 | -€8,095 | -€371,197 | |
| Financial income | 75/76B | €1,998 | €1,097 | -€901 | -45.1% |
| Recurring financial income | 75 | €1,998 | €1,097 | -€901 | -45.1% |
| Financial charges | 65/66B | €2,596 | €1,179 | -€1,417 | -54.6% |
| Recurring financial charges | 65 | €2,596 | €1,179 | -€1,417 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €362,505 | -€8,177 | -€370,681 | |
| Income taxes | 67/77 | €81,399 | €91 | -€81,308 | -99.9% |
| Profit (loss) for the period | 9904 | €281,106 | -€8,268 | -€289,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €281,106 | -€8,268 | -€289,373 |
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 29 October 2026 via checked.be.