LAMEF: 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.
LAMEF
Largest movements
- Cash +€3,451
up €3,451 (+4.8%), from €72,287 to €75,739
mainly Net result for the year (+€3,492) and Trade debts (+€447)
- Reserves +€3,450
up €3,450 (+41.4%), from €8,335 to €11,785
- Gross operating margin -€4,445
down €4,445 (-40.8%), from €10,900 to €6,455
- Taxes -€1,218
down €1,218 (-33.6%), from €3,622 to €2,404
- Depreciation -€284
no longer reported in 2025 (was €284)
- Financial income +€133
up €133 (+48.6%), from €273 to €406
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 | €75,561 | €78,924 | +€3,362 | +4.4% |
| Current assets | 29/58 | €75,561 | €78,924 | +€3,362 | +4.4% |
| Stocks and contracts in progress | 3 | €2,086 | €1,803 | -€283 | -13.6% |
| Stocks | 30/36 | €2,086 | €1,803 | -€283 | -13.6% |
| Amounts receivable within one year | 40/41 | €1,005 | €935 | -€70 | -6.9% |
| Trade receivables | 40 | €1,005 | €709 | -€295 | -29.4% |
| Other amounts receivable | 41 | - | €226 | +€226 | |
| Cash at bank and in hand | 54/58 | €72,287 | €75,739 | +€3,451 | +4.8% |
| Deferred charges and accrued income | 490/1 | €183 | €446 | +€263 | +144.0% |
| Total equity and liabilities | 10/49 | €75,561 | €78,924 | +€3,362 | +4.4% |
| Equity | 10/15 | €69,940 | €73,433 | +€3,492 | +5.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €8,335 | €11,785 | +€3,450 | +41.4% |
| Distributable reserves | 133 | €8,335 | €11,785 | +€3,450 | +41.4% |
| Profit (loss) carried forward | 14 | €53,545 | €53,588 | +€42 | +0.1% |
| Amounts payable | 17/49 | €5,621 | €5,491 | -€130 | -2.3% |
| Amounts payable within one year | 42/48 | €2,848 | €2,704 | -€144 | -5.1% |
| Trade debts | 44 | - | €447 | +€447 | |
| Suppliers | 440/4 | - | €447 | +€447 | |
| Taxes, remuneration and social security | 45 | €2,751 | €2,159 | -€591 | -21.5% |
| Taxes | 450/3 | €2,751 | €2,159 | -€591 | -21.5% |
| Other amounts payable | 47/48 | €97 | €97 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,773 | €2,787 | +€14 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | - | -€284 | |
| Other operating charges | 640/8 | €387 | €440 | +€52 | +13.5% |
| Gross operating margin | 9900 | €10,900 | €6,455 | -€4,445 | -40.8% |
| Operating profit (loss) | 9901 | €10,229 | €6,015 | -€4,214 | -41.2% |
| Financial income | 75/76B | €273 | €406 | +€133 | +48.6% |
| Recurring financial income | 75 | €273 | €406 | +€133 | +48.6% |
| Financial charges | 65/66B | €542 | €524 | -€18 | -3.2% |
| Recurring financial charges | 65 | €542 | €524 | -€18 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €9,960 | €5,897 | -€4,063 | -40.8% |
| Income taxes | 67/77 | €3,622 | €2,404 | -€1,218 | -33.6% |
| Profit (loss) for the period | 9904 | €6,338 | €3,492 | -€2,845 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,338 | €3,492 | -€2,845 | -44.9% |
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 7 October 2026 via checked.be.