LAMBRO: 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.
LAMBRO
Largest movements
- Tangible fixed assets -€292,370
down €292,370 (-36.9%), from €792,422 to €500,053
of which Land and buildings: -€385,722
- Cash -€161,899
down €161,899 (-66.0%), from €245,267 to €83,368
mainly Debts after one year (-€313,501) and Contributions, distributions and other (-€214,412)
- Receivables within one year -€22,248
down €22,248 (-43.7%), from €50,945 to €28,696
of which Other amounts receivable: -€14,659
- Debts after one year -€313,501
down €313,501 (-60.0%), from €522,389 to €208,888
- Reserves -€147,092
down €147,092 (-38.3%), from €383,885 to €236,794
of which Distributable reserves: -€119,622
- Tax, wage and social debts -€80,087
down €80,087 (-76.0%), from €105,363 to €25,275
of which Remuneration and social security: -€59,538
- Current portion of long-term debt +€75,289
up €75,289 (+62.4%), from €120,690 to €195,979
- Other debts +€65,478
up €65,478 (+90941.8%), from €72 to €65,550
- Gross operating margin -€646,203
down €646,203 (-67.4%), from €958,576 to €312,374
- Staff costs -€627,821
down €627,821 (-83.0%), from €756,849 to €129,029
- Depreciation -€72,490
down €72,490 (-71.8%), from €100,905 to €28,415
- Financial income -€50,000
down €50,000 (-100.0%), from €50,010 to €10
- Financial charges -€47,065
down €47,065 (-41.9%), from €112,288 to €65,222
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 | €1,252,747 | €772,284 | -€480,463 | -38.4% |
| Fixed assets | 21/28 | €792,422 | €500,053 | -€292,370 | -36.9% |
| Tangible fixed assets | 22/27 | €792,422 | €500,053 | -€292,370 | -36.9% |
| Land and buildings | 22 | €740,756 | €355,034 | -€385,722 | -52.1% |
| Furniture and vehicles | 24 | €51,666 | €83,940 | +€32,273 | +62.5% |
| Assets under construction and advance payments | 27 | - | €61,079 | +€61,079 | |
| Current assets | 29/58 | €460,325 | €272,232 | -€188,093 | -40.9% |
| Stocks and contracts in progress | 3 | €147,175 | €143,745 | -€3,430 | -2.3% |
| Stocks | 30/36 | €147,175 | €143,745 | -€3,430 | -2.3% |
| Amounts receivable within one year | 40/41 | €50,945 | €28,696 | -€22,248 | -43.7% |
| Trade receivables | 40 | €18,824 | €11,236 | -€7,589 | -40.3% |
| Other amounts receivable | 41 | €32,120 | €17,461 | -€14,659 | -45.6% |
| Cash at bank and in hand | 54/58 | €245,267 | €83,368 | -€161,899 | -66.0% |
| Deferred charges and accrued income | 490/1 | €16,938 | €16,422 | -€516 | -3.0% |
| Total equity and liabilities | 10/49 | €1,252,747 | €772,284 | -€480,463 | -38.4% |
| Equity | 10/15 | €412,453 | €245,724 | -€166,729 | -40.4% |
| Contributions | 10/11 | €18,600 | €8,931 | -€9,669 | -52.0% |
| Reserves | 13 | €383,885 | €236,794 | -€147,092 | -38.3% |
| Non-distributable reserves | 130/1 | €1,860 | €893 | -€967 | -52.0% |
| Reserves not available under the articles | 1311 | €1,860 | €893 | -€967 | -52.0% |
| Tax-exempt reserves | 132 | €144,525 | €118,023 | -€26,503 | -18.3% |
| Distributable reserves | 133 | €237,500 | €117,878 | -€119,622 | -50.4% |
| Profit (loss) carried forward | 14 | €1,968 | - | -€1,968 | |
| Investment grants | 15 | €8,000 | - | -€8,000 | |
| Amounts payable | 17/49 | €840,294 | €526,560 | -€313,734 | -37.3% |
| Amounts payable after more than one year | 17 | €522,389 | €208,888 | -€313,501 | -60.0% |
| Financial debts | 170/4 | €522,389 | €208,888 | -€313,501 | -60.0% |
| Amounts payable within one year | 42/48 | €305,473 | €317,542 | +€12,068 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €120,690 | €195,979 | +€75,289 | +62.4% |
| Trade debts | 44 | €79,349 | €30,737 | -€48,612 | -61.3% |
| Suppliers | 440/4 | €79,349 | €30,737 | -€48,612 | -61.3% |
| Taxes, remuneration and social security | 45 | €105,363 | €25,275 | -€80,087 | -76.0% |
| Taxes | 450/3 | €41,870 | €21,320 | -€20,550 | -49.1% |
| Remuneration and social security | 454/9 | €63,493 | €3,956 | -€59,538 | -93.8% |
| Other amounts payable | 47/48 | €72 | €65,550 | +€65,478 | +90941.8% |
| Accrued charges and deferred income | 492/3 | €12,431 | €130 | -€12,301 | -99.0% |
| Non-recurring operating income | 76A | €1,410 | €346 | -€1,064 | -75.5% |
| Remuneration, social security and pensions | 62 | €756,849 | €129,029 | -€627,821 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,905 | €28,415 | -€72,490 | -71.8% |
| Other operating charges | 640/8 | €25,629 | €10,717 | -€14,912 | -58.2% |
| Non-recurring operating charges | 66A | - | €1,934 | +€1,934 | |
| Gross operating margin | 9900 | €958,576 | €312,374 | -€646,203 | -67.4% |
| Operating profit (loss) | 9901 | €75,193 | €142,279 | +€67,085 | +89.2% |
| Financial income | 75/76B | €50,010 | €10 | -€50,000 | -100.0% |
| Recurring financial income | 75 | €50,010 | €10 | -€50,000 | -100.0% |
| Financial charges | 65/66B | €112,288 | €65,222 | -€47,065 | -41.9% |
| Recurring financial charges | 65 | €112,288 | €65,222 | -€47,065 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €12,915 | €77,066 | +€64,151 | +496.7% |
| Income taxes | 67/77 | €21,897 | €29,383 | +€7,486 | +34.2% |
| Profit (loss) for the period | 9904 | -€8,982 | €47,683 | +€56,665 | |
| Transfer from tax-exempt reserves | 789 | €2,000 | - | -€2,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,982 | €47,683 | +€54,665 |
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 10 October 2026 via checked.be.