LAMBRECHTS CONCEPT: 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.
LAMBRECHTS CONCEPT
Largest movements
- Cash -€700,548
down €700,548 (-81.8%), from €856,906 to €156,358
mainly Contributions, distributions and other (-€400,000) and Net result for the year (-€275,313)
- Receivables within one year -€219,243
down €219,243 (-29.4%), from €744,853 to €525,610
of which Other amounts receivable: -€231,724
- Tangible fixed assets -€23,030
down €23,030 (-9.4%), from €245,448 to €222,419
of which Furniture and vehicles: -€24,422
- Reserves -€400,000
down €400,000 (-57.1%), from €700,083 to €300,083
of which Distributable reserves: -€400,000
- Profit (loss) carried forward -€275,313
down €275,313 (-32.6%), from €844,114 to €568,801
- Tax, wage and social debts -€142,843
down €142,843 (-96.2%), from €148,518 to €5,675
of which Taxes: -€138,562
- Debts after one year -€119,309
no longer reported in 2025 (was €119,309)
- Current portion of long-term debt -€19,245
no longer reported in 2025 (was €19,245)
- Gross operating margin -€284,916
down €284,916, from €199,033 to -€85,883
- Depreciation -€13,694
down €13,694 (-28.8%), from €47,620 to €33,926
- Taxes +€9,568
up €9,568 (+358%), from €2,670 to €12,238
- Financial income -€7,040
down €7,040 (-99.9%), from €7,047 to €7
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 | €1,849,072 | €910,337 | -€938,735 | -50.8% |
| Fixed assets | 21/28 | €246,283 | €222,754 | -€23,530 | -9.6% |
| Tangible fixed assets | 22/27 | €245,448 | €222,419 | -€23,030 | -9.4% |
| Plant, machinery and equipment | 23 | €3,049 | €4,442 | +€1,392 | +45.7% |
| Furniture and vehicles | 24 | €242,399 | €217,977 | -€24,422 | -10.1% |
| Financial fixed assets | 28 | €835 | €335 | -€500 | -59.9% |
| Current assets | 29/58 | €1,602,789 | €687,584 | -€915,205 | -57.1% |
| Amounts receivable within one year | 40/41 | €744,853 | €525,610 | -€219,243 | -29.4% |
| Trade receivables | 40 | €98,455 | €110,935 | +€12,480 | +12.7% |
| Other amounts receivable | 41 | €646,399 | €414,675 | -€231,724 | -35.8% |
| Cash at bank and in hand | 54/58 | €856,906 | €156,358 | -€700,548 | -81.8% |
| Deferred charges and accrued income | 490/1 | €1,030 | €5,616 | +€4,586 | +445% |
| Total equity and liabilities | 10/49 | €1,849,072 | €910,337 | -€938,735 | -50.8% |
| Equity | 10/15 | €1,556,597 | €881,284 | -€675,313 | -43.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €700,083 | €300,083 | -€400,000 | -57.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €698,223 | €298,223 | -€400,000 | -57.3% |
| Profit (loss) carried forward | 14 | €844,114 | €568,801 | -€275,313 | -32.6% |
| Amounts payable | 17/49 | €292,475 | €29,053 | -€263,422 | -90.1% |
| Amounts payable after more than one year | 17 | €119,309 | - | -€119,309 | |
| Financial debts | 170/4 | €119,309 | - | -€119,309 | |
| Amounts payable within one year | 42/48 | €173,166 | €29,053 | -€144,112 | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €19,245 | - | -€19,245 | |
| Trade debts | 44 | €5,403 | €22,176 | +€16,773 | +310% |
| Suppliers | 440/4 | €5,403 | €22,176 | +€16,773 | +310% |
| Taxes, remuneration and social security | 45 | €148,518 | €5,675 | -€142,843 | -96.2% |
| Taxes | 450/3 | €140,451 | €1,889 | -€138,562 | -98.7% |
| Remuneration and social security | 454/9 | €8,067 | €3,786 | -€4,281 | -53.1% |
| Other amounts payable | 47/48 | - | €1,202 | +€1,202 | |
| Non-recurring operating income | 76A | - | €4,722 | +€4,722 | |
| Remuneration, social security and pensions | 62 | €130,829 | €130,954 | +€125 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,620 | €33,926 | -€13,694 | -28.8% |
| Other operating charges | 640/8 | €7,634 | €5,842 | -€1,792 | -23.5% |
| Non-recurring operating charges | 66A | - | €4,018 | +€4,018 | |
| Gross operating margin | 9900 | €199,033 | -€85,883 | -€284,916 | |
| Operating profit (loss) | 9901 | €12,951 | -€260,623 | -€273,573 | |
| Financial income | 75/76B | €7,047 | €7 | -€7,040 | -99.9% |
| Recurring financial income | 75 | €7,047 | €7 | -€7,040 | -99.9% |
| Financial charges | 65/66B | €3,117 | €2,460 | -€657 | -21.1% |
| Recurring financial charges | 65 | €3,117 | €2,460 | -€657 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €16,881 | -€263,076 | -€279,956 | |
| Income taxes | 67/77 | €2,670 | €12,238 | +€9,568 | +358% |
| Profit (loss) for the period | 9904 | €14,211 | -€275,313 | -€289,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,211 | -€275,313 | -€289,524 |
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 14 October 2026 via checked.be.