LAMCO SERVICES: 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.
LAMCO SERVICES
Largest movements
- Receivables after one year +€574,733
up €574,733 (+14.8%), from €3.9m to €4.4m
- Cash -€128,545
down €128,545 (-94.1%), from €136,533 to €7,988
mainly Receivables after one year (-€574,733) and Trade debts (-€394,993)
- Tangible fixed assets -€120,287
down €120,287 (-6.0%), from €2.0m to €1.9m
of which Assets under construction and advance payments: -€333,335
- Short-term financial debts +€483,223
new in 2025: €483,223
- Trade debts -€394,993
down €394,993 (-78.3%), from €504,207 to €109,214
- Debts after one year +€286,853
up €286,853 (+11.9%), from €2.4m to €2.7m
- Reserves +€120,243
up €120,243 (+2.6%), from €4.6m to €4.7m
of which Distributable reserves: +€120,243
- Financial income +€176,135
up €176,135 (+53.8%), from €327,662 to €503,797
of which Financial income: +€186,974
- Gross operating margin -€63,302
down €63,302 (-15.4%), from €411,250 to €347,948
- Staff costs +€52,923
up €52,923 (+30.7%), from €172,306 to €225,229
- Financial charges +€46,728
up €46,728 (+27.6%), from €169,370 to €216,098
of which Financial charges: +€47,129
- Other operating charges -€35,908
down €35,908 (-72.8%), from €49,339 to €13,431
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 | €10,259,530 | €10,735,300 | +€475,770 | +4.6% |
| Fixed assets | 21/28 | €3,089,748 | €2,967,517 | -€122,231 | -4.0% |
| Intangible fixed assets | 21 | €7,857 | €5,913 | -€1,944 | -24.7% |
| Tangible fixed assets | 22/27 | €1,998,701 | €1,878,414 | -€120,287 | -6.0% |
| Land and buildings | 22 | €1,093,968 | €972,896 | -€121,072 | -11.1% |
| Plant, machinery and equipment | 23 | €316,336 | €716,260 | +€399,924 | +126% |
| Furniture and vehicles | 24 | €182,398 | €136,620 | -€45,778 | -25.1% |
| Leasing and similar rights | 25 | €63,559 | €43,533 | -€20,026 | -31.5% |
| Assets under construction and advance payments | 27 | €342,440 | €9,105 | -€333,335 | -97.3% |
| Financial fixed assets | 28 | €1,083,190 | €1,083,190 | = | 0.0% |
| Current assets | 29/58 | €7,169,782 | €7,767,783 | +€598,001 | +8.3% |
| Amounts receivable after more than one year | 29 | €3,873,432 | €4,448,165 | +€574,733 | +14.8% |
| Other amounts receivable | 291 | €3,873,432 | €4,448,165 | +€574,733 | +14.8% |
| Amounts receivable within one year | 40/41 | €2,586,621 | €2,662,424 | +€75,803 | +2.9% |
| Trade receivables | 40 | €778,241 | €602,940 | -€175,301 | -22.5% |
| Other amounts receivable | 41 | €1,808,380 | €2,059,484 | +€251,104 | +13.9% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €136,533 | €7,988 | -€128,545 | -94.1% |
| Deferred charges and accrued income | 490/1 | €73,196 | €149,206 | +€76,010 | +104% |
| Total equity and liabilities | 10/49 | €10,259,530 | €10,735,300 | +€475,770 | +4.6% |
| Equity | 10/15 | €5,235,879 | €5,350,585 | +€114,706 | +2.2% |
| Contributions | 10/11 | €576,500 | €576,500 | = | 0.0% |
| Capital | 10 | €576,500 | €576,500 | = | 0.0% |
| Issued capital | 100 | €576,500 | €576,500 | = | 0.0% |
| Reserves | 13 | €4,612,744 | €4,732,987 | +€120,243 | +2.6% |
| Non-distributable reserves | 130/1 | €57,650 | €57,650 | = | 0.0% |
| Legal reserve | 130 | €57,650 | €57,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,342 | €35,342 | = | 0.0% |
| Distributable reserves | 133 | €4,519,752 | €4,639,995 | +€120,243 | +2.7% |
| Investment grants | 15 | €46,635 | €41,098 | -€5,537 | -11.9% |
| Amounts payable | 17/49 | €5,023,651 | €5,384,715 | +€361,064 | +7.2% |
| Amounts payable after more than one year | 17 | €2,401,813 | €2,688,666 | +€286,853 | +11.9% |
| Financial debts | 170/4 | €2,401,813 | €2,688,666 | +€286,853 | +11.9% |
| Amounts payable within one year | 42/48 | €2,607,435 | €2,681,714 | +€74,279 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €435,666 | €410,794 | -€24,872 | -5.7% |
| Financial debts | 43 | - | €483,223 | +€483,223 | |
| Credit institutions | 430/8 | - | €483,223 | +€483,223 | |
| Trade debts | 44 | €504,207 | €109,214 | -€394,993 | -78.3% |
| Suppliers | 440/4 | €504,207 | €109,214 | -€394,993 | -78.3% |
| Taxes, remuneration and social security | 45 | €48,902 | €63,371 | +€14,469 | +29.6% |
| Taxes | 450/3 | €25,187 | €38,857 | +€13,670 | +54.3% |
| Remuneration and social security | 454/9 | €23,715 | €24,514 | +€799 | +3.4% |
| Other amounts payable | 47/48 | €1,618,660 | €1,615,112 | -€3,548 | -0.2% |
| Accrued charges and deferred income | 492/3 | €14,403 | €14,335 | -€68 | -0.5% |
| Non-recurring operating income | 76A | €79,245 | - | -€79,245 | |
| Remuneration, social security and pensions | 62 | €172,306 | €225,229 | +€52,923 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,583 | €275,442 | +€12,859 | +4.9% |
| Other operating charges | 640/8 | €49,339 | €13,431 | -€35,908 | -72.8% |
| Non-recurring operating charges | 66A | €12,300 | €352 | -€11,948 | -97.1% |
| Gross operating margin | 9900 | €411,250 | €347,948 | -€63,302 | -15.4% |
| Operating profit (loss) | 9901 | -€85,278 | -€166,506 | -€81,228 | -95.3% |
| Financial income | 75/76B | €327,662 | €503,797 | +€176,135 | +53.8% |
| Recurring financial income | 75 | €316,823 | €503,797 | +€186,974 | +59.0% |
| Non-recurring financial income | 76B | €10,839 | - | -€10,839 | |
| Financial charges | 65/66B | €169,370 | €216,098 | +€46,728 | +27.6% |
| Recurring financial charges | 65 | €168,969 | €216,098 | +€47,129 | +27.9% |
| Non-recurring financial charges | 66B | €401 | - | -€401 | |
| Profit (loss) for the period before taxes | 9903 | €73,014 | €121,193 | +€48,179 | +66.0% |
| Income taxes | 67/77 | €670 | €950 | +€280 | +41.8% |
| Profit (loss) for the period | 9904 | €72,344 | €120,243 | +€47,899 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,344 | €120,243 | +€47,899 | +66.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.