LAMECO: 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.
LAMECO
Largest movements
- Stocks and contracts -€60,343
down €60,343 (-42.6%), from €141,611 to €81,268
- Tangible fixed assets +€13,446
up €13,446 (+53.5%), from €25,142 to €38,588
of which Furniture and vehicles: +€14,622
- Cash -€4,889
down €4,889 (-11.2%), from €43,493 to €38,604
mainly Tax, wage and social debts (-€22,107) and Investment in fixed assets (net) (-€19,525)
- Tax, wage and social debts -€22,107
down €22,107 (-84.1%), from €26,299 to €4,192
of which Remuneration and social security: -€12,179
- Trade debts -€16,988
down €16,988 (-13.5%), from €125,537 to €108,549
- Debts after one year -€16,152
down €16,152 (-78.7%), from €20,535 to €4,383
- Reserves +€4,873
up €4,873 (+17.2%), from €28,326 to €33,199
of which Distributable reserves: +€4,873
- Gross operating margin -€7,120
down €7,120 (-10.9%), from €65,120 to €58,001
- Depreciation -€4,439
down €4,439 (-42.2%), from €10,518 to €6,079
- Financial income +€3,418
up €3,418 (+24,431%), from €14 to €3,432
of which Non-recurring financial income: +€3,024
- Other operating charges -€2,579
down €2,579 (-57.2%), from €4,505 to €1,926
- Staff costs +€780
up €780 (+1.9%), from €40,624 to €41,403
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,087 | €245,074 | -€50,013 | -16.9% |
| Fixed assets | 21/28 | €29,042 | €42,488 | +€13,446 | +46.3% |
| Tangible fixed assets | 22/27 | €25,142 | €38,588 | +€13,446 | +53.5% |
| Plant, machinery and equipment | 23 | €7,644 | €6,467 | -€1,176 | -15.4% |
| Furniture and vehicles | 24 | €17,498 | €32,120 | +€14,622 | +83.6% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €266,045 | €202,587 | -€63,458 | -23.9% |
| Stocks and contracts in progress | 3 | €141,611 | €81,268 | -€60,343 | -42.6% |
| Stocks | 30/36 | €141,611 | €81,268 | -€60,343 | -42.6% |
| Amounts receivable within one year | 40/41 | €80,940 | €82,715 | +€1,774 | +2.2% |
| Trade receivables | 40 | €70,377 | €75,498 | +€5,121 | +7.3% |
| Other amounts receivable | 41 | €10,564 | €7,217 | -€3,347 | -31.7% |
| Cash at bank and in hand | 54/58 | €43,493 | €38,604 | -€4,889 | -11.2% |
| Total equity and liabilities | 10/49 | €295,087 | €245,074 | -€50,013 | -16.9% |
| Equity | 10/15 | €46,926 | €51,799 | +€4,873 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,326 | €33,199 | +€4,873 | +17.2% |
| 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 | €26,466 | €31,339 | +€4,873 | +18.4% |
| Amounts payable | 17/49 | €248,161 | €193,276 | -€54,886 | -22.1% |
| Amounts payable after more than one year | 17 | €20,535 | €4,383 | -€16,152 | -78.7% |
| Financial debts | 170/4 | €20,535 | €4,383 | -€16,152 | -78.7% |
| Amounts payable within one year | 42/48 | €227,626 | €188,892 | -€38,734 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €15,791 | €16,152 | +€361 | +2.3% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €125,537 | €108,549 | -€16,988 | -13.5% |
| Suppliers | 440/4 | €125,537 | €108,549 | -€16,988 | -13.5% |
| Taxes, remuneration and social security | 45 | €26,299 | €4,192 | -€22,107 | -84.1% |
| Taxes | 450/3 | €10,538 | €610 | -€9,928 | -94.2% |
| Remuneration and social security | 454/9 | €15,761 | €3,582 | -€12,179 | -77.3% |
| Remuneration, social security and pensions | 62 | €40,624 | €41,403 | +€780 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,518 | €6,079 | -€4,439 | -42.2% |
| Other operating charges | 640/8 | €4,505 | €1,926 | -€2,579 | -57.2% |
| Non-recurring operating charges | 66A | - | €2,726 | +€2,726 | |
| Gross operating margin | 9900 | €65,120 | €58,001 | -€7,120 | -10.9% |
| Operating profit (loss) | 9901 | €9,474 | €5,866 | -€3,608 | -38.1% |
| Financial income | 75/76B | €14 | €3,432 | +€3,418 | +24,431% |
| Recurring financial income | 75 | €14 | €407 | +€393 | +2,813% |
| Non-recurring financial income | 76B | - | €3,024 | +€3,024 | |
| Financial charges | 65/66B | €4,493 | €4,425 | -€67 | -1.5% |
| Recurring financial charges | 65 | €4,493 | €4,425 | -€67 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €4,996 | €4,873 | -€123 | -2.5% |
| Income taxes | 67/77 | €361 | - | -€361 | |
| Profit (loss) for the period | 9904 | €4,634 | €4,873 | +€239 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,634 | €4,873 | +€239 | +5.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.