LAMCO VOLTWORKS: 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 VOLTWORKS
Largest movements
- Receivables within one year -€68,331
down €68,331 (-42.8%), from €159,640 to €91,309
of which Trade receivables: -€77,304
- Tangible fixed assets -€18,685
down €18,685 (-4.7%), from €400,600 to €381,915
of which Leasing and similar rights: -€13,724
- Other debts -€113,453
down €113,453 (-85.9%), from €132,032 to €18,579
- Profit (loss) carried forward +€19,724
up €19,724, from -€19,724 to €0
- Debts after one year -€9,987
down €9,987 (-3.7%), from €267,733 to €257,746
- Reserves +€8,518
new in 2025: €8,518
- Tax, wage and social debts +€6,344
up €6,344 (+90.5%), from €7,008 to €13,352
of which Remuneration and social security: +€3,816
- Other operating charges +€30,993
up €30,993 (+1,687%), from €1,837 to €32,830
- Gross operating margin +€9,399
up €9,399 (+6.1%), from €153,685 to €163,085
- Taxes +€2,693
up €2,693, from -€4 to €2,690
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 | €586,613 | €493,425 | -€93,188 | -15.9% |
| Formation expenses | 20 | €3,733 | €2,492 | -€1,241 | -33.2% |
| Fixed assets | 21/28 | €407,170 | €387,735 | -€19,435 | -4.8% |
| Intangible fixed assets | 21 | €6,000 | €5,250 | -€750 | -12.5% |
| Tangible fixed assets | 22/27 | €400,600 | €381,915 | -€18,685 | -4.7% |
| Land and buildings | 22 | €340,886 | €334,706 | -€6,181 | -1.8% |
| Plant, machinery and equipment | 23 | €37,541 | €31,466 | -€6,076 | -16.2% |
| Furniture and vehicles | 24 | €8,448 | €15,744 | +€7,295 | +86.4% |
| Leasing and similar rights | 25 | €13,724 | €0 | -€13,724 | -100% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €175,710 | €103,198 | -€72,512 | -41.3% |
| Stocks and contracts in progress | 3 | €8,974 | €7,563 | -€1,410 | -15.7% |
| Stocks | 30/36 | €8,974 | €7,563 | -€1,410 | -15.7% |
| Amounts receivable within one year | 40/41 | €159,640 | €91,309 | -€68,331 | -42.8% |
| Trade receivables | 40 | €159,473 | €82,169 | -€77,304 | -48.5% |
| Other amounts receivable | 41 | €167 | €9,140 | +€8,973 | +5,369% |
| Cash at bank and in hand | 54/58 | €5,919 | €3,200 | -€2,719 | -45.9% |
| Deferred charges and accrued income | 490/1 | €1,178 | €1,126 | -€52 | -4.4% |
| Total equity and liabilities | 10/49 | €586,613 | €493,425 | -€93,188 | -15.9% |
| Equity | 10/15 | €130,276 | €158,518 | +€28,241 | +21.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | - | €8,518 | +€8,518 | |
| Distributable reserves | 133 | - | €8,518 | +€8,518 | |
| Profit (loss) carried forward | 14 | -€19,724 | €0 | +€19,724 | |
| Amounts payable | 17/49 | €456,337 | €334,908 | -€121,429 | -26.6% |
| Amounts payable after more than one year | 17 | €267,733 | €257,746 | -€9,987 | -3.7% |
| Financial debts | 170/4 | €267,733 | €257,746 | -€9,987 | -3.7% |
| Amounts payable within one year | 42/48 | €186,635 | €69,820 | -€116,816 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €16,128 | €9,987 | -€6,142 | -38.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €31,467 | €27,902 | -€3,565 | -11.3% |
| Suppliers | 440/4 | €31,467 | €27,902 | -€3,565 | -11.3% |
| Taxes, remuneration and social security | 45 | €7,008 | €13,352 | +€6,344 | +90.5% |
| Taxes | 450/3 | €1,028 | €3,556 | +€2,528 | +246% |
| Remuneration and social security | 454/9 | €5,980 | €9,796 | +€3,816 | +63.8% |
| Other amounts payable | 47/48 | €132,032 | €18,579 | -€113,453 | -85.9% |
| Accrued charges and deferred income | 492/3 | €1,969 | €7,342 | +€5,373 | +273% |
| Remuneration, social security and pensions | 62 | €50,893 | €52,449 | +€1,555 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,864 | €27,871 | +€1,006 | +3.7% |
| Other operating charges | 640/8 | €1,837 | €32,830 | +€30,993 | +1,687% |
| Gross operating margin | 9900 | €153,685 | €163,085 | +€9,399 | +6.1% |
| Operating profit (loss) | 9901 | €74,091 | €49,936 | -€24,155 | -32.6% |
| Financial income | 75/76B | €350 | €9 | -€340 | -97.4% |
| Recurring financial income | 75 | €350 | €9 | -€340 | -97.4% |
| Financial charges | 65/66B | €19,888 | €19,014 | -€874 | -4.4% |
| Recurring financial charges | 65 | €19,888 | €19,014 | -€874 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €54,553 | €30,931 | -€23,621 | -43.3% |
| Income taxes | 67/77 | -€4 | €2,690 | +€2,693 | |
| Profit (loss) for the period | 9904 | €54,556 | €28,241 | -€26,315 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,556 | €28,241 | -€26,315 | -48.2% |
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 17 October 2026 via checked.be.