Lamco: what changed
Two fiscal 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.
Lamco
Largest movements
- Cash +€942,131
up €942,131 (+143.3%), from €657,381 to €1.6m
mainly Receivables within one year (+€802,893) and Stocks and contracts (+€235,304)
- Receivables within one year -€802,893
down €802,893 (-44.6%), from €1.8m to €995,449
of which Trade receivables: -€820,046
- Stocks and contracts -€235,304
down €235,304 (-30.4%), from €774,996 to €539,692
- Tangible fixed assets +€94,436
up €94,436 (+101.4%), from €93,137 to €187,573
- Other debts -€126,108
down €126,108 (-19.2%), from €657,134 to €531,026
- Tax, wage and social debts -€88,425
down €88,425 (-48.3%), from €183,026 to €94,602
of which Remuneration and social security: -€84,198
- Debts after one year +€66,717
up €66,717 (+373.7%), from €17,855 to €84,572
- Reserves +€64,563
up €64,563 (+5.3%), from €1.2m to €1.3m
of which Distributable reserves: +€68,282
- Current portion of long-term debt +€57,135
up €57,135 (+648.1%), from €8,815 to €65,951
- Depreciation +€50,955
up €50,955 (+208.2%), from €24,475 to €75,430
- Staff costs -€23,043
down €23,043 (-7.1%), from €324,572 to €301,529
- Taxes -€18,672
down €18,672 (-50.6%), from €36,912 to €18,240
- Write-downs +€18,160
up €18,160 (+41.0%), from -€44,305 to -€26,145
- Gross operating margin -€17,842
down €17,842 (-3.5%), from €503,947 to €486,105
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 | €3,324,927 | €3,323,297 | -€1,630 | 0.0% |
| Fixed assets | 21/28 | €94,208 | €188,644 | +€94,436 | +100.2% |
| Tangible fixed assets | 22/27 | €93,137 | €187,573 | +€94,436 | +101.4% |
| Furniture and vehicles | 24 | €93,137 | €187,573 | +€94,436 | +101.4% |
| Financial fixed assets | 28 | €1,071 | €1,071 | = | 0.0% |
| Current assets | 29/58 | €3,230,719 | €3,134,653 | -€96,066 | -3.0% |
| Stocks and contracts in progress | 3 | €774,996 | €539,692 | -€235,304 | -30.4% |
| Stocks | 30/36 | €774,996 | €539,692 | -€235,304 | -30.4% |
| Amounts receivable within one year | 40/41 | €1,798,342 | €995,449 | -€802,893 | -44.6% |
| Trade receivables | 40 | €1,762,316 | €942,270 | -€820,046 | -46.5% |
| Other amounts receivable | 41 | €36,026 | €53,179 | +€17,153 | +47.6% |
| Cash at bank and in hand | 54/58 | €657,381 | €1,599,512 | +€942,131 | +143.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,324,927 | €3,323,297 | -€1,630 | 0.0% |
| Equity | 10/15 | €1,254,926 | €1,319,489 | +€64,563 | +5.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,217,742 | €1,282,305 | +€64,563 | +5.3% |
| Non-distributable reserves | 130/1 | €3,718 | €0 | -€3,718 | -100.0% |
| Reserves not available under the articles | 1311 | €3,718 | €0 | -€3,718 | -100.0% |
| Tax-exempt reserves | 132 | €6,408 | €6,408 | = | 0.0% |
| Distributable reserves | 133 | €1,207,615 | €1,275,897 | +€68,282 | +5.7% |
| Amounts payable | 17/49 | €2,070,001 | €2,003,808 | -€66,193 | -3.2% |
| Amounts payable after more than one year | 17 | €17,855 | €84,572 | +€66,717 | +373.7% |
| Financial debts | 170/4 | €17,855 | €84,572 | +€66,717 | +373.7% |
| Amounts payable within one year | 42/48 | €2,006,877 | €1,831,989 | -€174,887 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €8,815 | €65,951 | +€57,135 | +648.1% |
| Trade debts | 44 | €1,157,902 | €1,140,411 | -€17,490 | -1.5% |
| Suppliers | 440/4 | €1,157,902 | €1,140,411 | -€17,490 | -1.5% |
| Taxes, remuneration and social security | 45 | €183,026 | €94,602 | -€88,425 | -48.3% |
| Taxes | 450/3 | €71,956 | €67,730 | -€4,226 | -5.9% |
| Remuneration and social security | 454/9 | €111,070 | €26,872 | -€84,198 | -75.8% |
| Other amounts payable | 47/48 | €657,134 | €531,026 | -€126,108 | -19.2% |
| Accrued charges and deferred income | 492/3 | €45,270 | €87,246 | +€41,977 | +92.7% |
| Non-recurring operating income | 76A | €1,221 | €10,076 | +€8,856 | +725.4% |
| Remuneration, social security and pensions | 62 | €324,572 | €301,529 | -€23,043 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,475 | €75,430 | +€50,955 | +208.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,305 | -€26,145 | +€18,160 | +41.0% |
| Other operating charges | 640/8 | €9,078 | €4,926 | -€4,152 | -45.7% |
| Non-recurring operating charges | 66A | €263 | €0 | -€263 | -100.0% |
| Gross operating margin | 9900 | €503,947 | €486,105 | -€17,842 | -3.5% |
| Operating profit (loss) | 9901 | €189,865 | €130,365 | -€59,500 | -31.3% |
| Financial income | 75/76B | €86 | €29 | -€56 | -66.0% |
| Recurring financial income | 75 | €86 | €29 | -€56 | -66.0% |
| Financial charges | 65/66B | €44,614 | €47,591 | +€2,977 | +6.7% |
| Recurring financial charges | 65 | €44,614 | €47,591 | +€2,977 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €145,336 | €82,804 | -€62,533 | -43.0% |
| Income taxes | 67/77 | €36,912 | €18,240 | -€18,672 | -50.6% |
| Profit (loss) for the period | 9904 | €108,425 | €64,563 | -€43,861 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €108,425 | €64,563 | -€43,861 | -40.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.