LAMIBEL: 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.
LAMIBEL
Largest movements
- Cash +€112,527
up €112,527 (+206.4%), from €54,530 to €167,057
mainly Short-term financial debts (+€70,584) and Net result for the year (+€35,749)
- Short-term financial debts +€70,584
up €70,584 (+4.4%), from €1.6m to €1.7m
- Financial charges -€29,593
down €29,593 (-34.3%), from €86,326 to €56,733
- Taxes +€23,588
up €23,588 (+420.9%), from €5,604 to €29,192
- Gross operating margin +€10,374
up €10,374 (+9.7%), from €107,210 to €117,584
- Other operating charges -€4,471
down €4,471 (-81.7%), from €5,469 to €998
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 | €4,137,567 | €4,255,627 | +€118,060 | +2.9% |
| Fixed assets | 21/28 | €4,001,135 | €3,983,732 | -€17,403 | -0.4% |
| Tangible fixed assets | 22/27 | €1,752,035 | €1,734,632 | -€17,403 | -1.0% |
| Land and buildings | 22 | €1,752,035 | €1,734,632 | -€17,403 | -1.0% |
| Financial fixed assets | 28 | €2,249,100 | €2,249,100 | = | 0.0% |
| Current assets | 29/58 | €136,432 | €271,895 | +€135,463 | +99.3% |
| Amounts receivable within one year | 40/41 | €81,902 | €104,838 | +€22,936 | +28.0% |
| Trade receivables | 40 | - | €446 | +€446 | |
| Other amounts receivable | 41 | €81,902 | €104,393 | +€22,491 | +27.5% |
| Cash at bank and in hand | 54/58 | €54,530 | €167,057 | +€112,527 | +206.4% |
| Total equity and liabilities | 10/49 | €4,137,567 | €4,255,627 | +€118,060 | +2.9% |
| Equity | 10/15 | €2,208,386 | €2,244,135 | +€35,749 | +1.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €57,400 | €57,400 | = | 0.0% |
| Distributable reserves | 133 | €57,400 | €57,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,850,986 | €1,886,735 | +€35,749 | +1.9% |
| Amounts payable | 17/49 | €1,929,181 | €2,011,492 | +€82,311 | +4.3% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,904,181 | €1,986,492 | +€82,311 | +4.3% |
| Financial debts | 43 | €1,607,639 | €1,678,223 | +€70,584 | +4.4% |
| Credit institutions | 430/8 | €1,607,639 | €1,678,223 | +€70,584 | +4.4% |
| Trade debts | 44 | €10,762 | €10,762 | -€0 | 0.0% |
| Suppliers | 440/4 | €10,762 | €10,762 | -€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €5,604 | €17,331 | +€11,727 | +209.3% |
| Taxes | 450/3 | €5,604 | €17,331 | +€11,727 | +209.3% |
| Other amounts payable | 47/48 | €280,176 | €280,176 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,403 | €17,403 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,469 | €998 | -€4,471 | -81.7% |
| Gross operating margin | 9900 | €107,210 | €117,584 | +€10,374 | +9.7% |
| Operating profit (loss) | 9901 | €84,338 | €99,183 | +€14,845 | +17.6% |
| Financial income | 75/76B | €22,553 | €22,491 | -€62 | -0.3% |
| Recurring financial income | 75 | €22,553 | €22,491 | -€62 | -0.3% |
| Financial charges | 65/66B | €86,326 | €56,733 | -€29,593 | -34.3% |
| Recurring financial charges | 65 | €86,326 | €56,733 | -€29,593 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €20,565 | €64,941 | +€44,376 | +215.8% |
| Income taxes | 67/77 | €5,604 | €29,192 | +€23,588 | +420.9% |
| Profit (loss) for the period | 9904 | €14,961 | €35,749 | +€20,788 | +139.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,961 | €35,749 | +€20,788 | +139.0% |
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 8 October 2026 via checked.be.