LAMIFIL: 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.
What changed
LAMIFIL
NACE 24.310, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €526,408+€1.5m
Equity
€33.9m
2024 · €32.1m+€1.9m
Cash
€577,308
2024 · €55,194+€522,114
Balance sheet total
€97.2m
2024 · €79.4m+€17.9m
Largest movements
Assets
- Stocks and contracts +€10.0m
up €10.0m (+29.8%), from €33.5m to €43.5m
of which Stocks: +€9.2m
- Receivables within one year +€6.7m
up €6.7m (+42.2%), from €15.9m to €22.6m
of which Trade receivables: +€6.7m
Equity and liabilities
- Advances received +€24.3m
up €24.3m (+755%), from €3.2m to €27.5m
- Current portion of long-term debt -€15.1m
down €15.1m (-95.5%), from €15.8m to €713,270
- Debts after one year +€4.3m
up €4.3m (+117%), from €3.7m to €8.0m
- Trade debts +€2.4m
up €2.4m (+15.3%), from €15.5m to €17.9m
- Tax, wage and social debts -€1.7m
down €1.7m (-37.0%), from €4.7m to €2.9m
of which Taxes: -€1.7m
Income statement
- Turnover +€6.6m
up €6.6m (+4.0%), from €165.2m to €171.8m
- Goods and materials +€5.4m
up €5.4m (+4.3%), from €125.8m to €131.2m
of which Purchases: +€12.1m
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.
Result 2024
€526,408
Turnover
+€6.6m
Other operating income
-€171,662
Goods and materials
-€5.4m
Services and other goods
+€468,226
Staff costs
-€500,137
Depreciation
+€15,044
Write-downs
-€455,238
Provisions
-€1.1m
Other operating charges
-€108,277
Other operating items
+€1.9m
Financial income
-€595,871
Financial charges
-€143,842
Taxes
+€1.0m
Result 2025
€2.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€14.5m
Investment
-€3.0m
Financing
-€11.0m
Cash 2024
€55,194
From operations (derived)
+€14.5m
Net result for the year
+€2.1m
Depreciation
+€2.5m
Stocks and contracts
-€10.0m
Receivables within one year
-€6.7m
Deferred charges and accrued income
-€200,485
Provisions
-€293,740
Trade debts
+€2.4m
Tax, wage and social debts
-€1.7m
Advances received
+€24.3m
Other debts
+€1.2m
Accrued charges and deferred income
+€921,888
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€2.7m
Current investments
-€277,016
Financing
-€11.0m
Debts after one year
+€4.3m
Current portion of long-term debt
-€15.1m
Short-term financial debts
-€12,997
Contributions, distributions and other
-€186,848
Cash 2025
€577,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,384,203 | €97,241,284 | +€17.9m | +22.5% |
| Fixed assets | 21/28 | €29,444,139 | €29,608,940 | +€164,802 | +0.6% |
| Intangible fixed assets | 21 | - | €85,111 | +€85,111 | |
| Tangible fixed assets | 22/27 | €28,744,122 | €29,523,828 | +€779,706 | +2.7% |
| Land and buildings | 22 | €19,111,016 | €19,055,919 | -€55,097 | -0.3% |
| Plant, machinery and equipment | 23 | €3,963,582 | €4,303,675 | +€340,092 | +8.6% |
| Furniture and vehicles | 24 | €600,174 | €630,602 | +€30,429 | +5.1% |
| Leasing and similar rights | 25 | €3,863,750 | €3,056,542 | -€807,208 | -20.9% |
| Assets under construction and advance payments | 27 | €1,205,600 | €2,477,091 | +€1.3m | +105% |
| Financial fixed assets | 28 | €700,017 | €1 | -€700,016 | -100.0% |
| Affiliated companies | 280/1 | €700,001 | €1 | -€700,000 | -100.0% |
| Participating interests | 280 | €700,001 | €1 | -€700,000 | -100.0% |
| Other financial fixed assets | 284/8 | €16 | - | -€16 | |
| Amounts receivable and cash guarantees | 285/8 | €16 | - | -€16 | |
| Current assets | 29/58 | €49,940,065 | €67,632,344 | +€17.7m | +35.4% |
| Stocks and contracts in progress | 3 | €33,522,536 | €43,496,968 | +€10.0m | +29.8% |
| Stocks | 30/36 | €32,511,252 | €41,687,521 | +€9.2m | +28.2% |
| Raw materials and consumables | 30/31 | €28,673,493 | €35,694,239 | +€7.0m | +24.5% |
| Work in progress | 32 | €3,837,759 | €5,993,282 | +€2.2m | +56.2% |
| Contracts in progress | 37 | €1,011,284 | €1,809,447 | +€798,163 | +78.9% |
| Amounts receivable within one year | 40/41 | €15,911,941 | €22,630,173 | +€6.7m | +42.2% |
| Trade receivables | 40 | €15,425,816 | €22,155,258 | +€6.7m | +43.6% |
| Other amounts receivable | 41 | €486,125 | €474,915 | -€11,210 | -2.3% |
| Current investments | 50/53 | €148,411 | €425,427 | +€277,016 | +187% |
| Own shares | 50 | €148,411 | €425,427 | +€277,016 | +187% |
| Cash at bank and in hand | 54/58 | €55,194 | €577,308 | +€522,114 | +946% |
| Deferred charges and accrued income | 490/1 | €301,983 | €502,468 | +€200,485 | +66.4% |
| Total equity and liabilities | 10/49 | €79,384,203 | €97,241,284 | +€17.9m | +22.5% |
| Equity | 10/15 | €32,063,263 | €33,939,249 | +€1.9m | +5.9% |
| Contributions | 10/11 | €4,485,803 | €4,485,803 | = | 0.0% |
| Capital | 10 | €4,485,803 | €4,485,803 | = | 0.0% |
| Issued capital | 100 | €4,485,803 | €4,485,803 | = | 0.0% |
| Revaluation surpluses | 12 | €15,756,923 | €15,756,923 | = | 0.0% |
| Reserves | 13 | €1,011,082 | €1,288,098 | +€277,016 | +27.4% |
| Non-distributable reserves | 130/1 | €1,011,082 | €1,288,098 | +€277,016 | +27.4% |
| Legal reserve | 130 | €448,580 | €448,580 | = | 0.0% |
| Own shares acquired | 1312 | €148,411 | €425,427 | +€277,016 | +187% |
| Other | 1319 | €414,091 | €414,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,572,427 | €12,209,834 | +€1.6m | +15.5% |
| Investment grants | 15 | €237,027 | €198,590 | -€38,437 | -16.2% |
| Provisions and deferred taxes | 16 | €760,806 | €467,066 | -€293,740 | -38.6% |
| Provisions for liabilities and charges | 160/5 | €681,797 | €400,869 | -€280,928 | -41.2% |
| Pensions and similar obligations | 160 | €43,274 | €34,367 | -€8,906 | -20.6% |
| Environmental obligations | 163 | €499,999 | €366,502 | -€133,497 | -26.7% |
| Other liabilities and charges | 164/5 | €138,524 | - | -€138,524 | |
| Deferred taxes | 168 | €79,009 | €66,197 | -€12,812 | -16.2% |
| Amounts payable | 17/49 | €46,560,135 | €62,834,970 | +€16.3m | +35.0% |
| Amounts payable after more than one year | 17 | €3,670,903 | €7,952,777 | +€4.3m | +117% |
| Financial debts | 170/4 | €3,670,903 | €7,952,777 | +€4.3m | +117% |
| Leasing and similar obligations | 172 | €3,095,909 | €2,470,328 | -€625,581 | -20.2% |
| Credit institutions | 173 | €574,995 | €5,482,449 | +€4.9m | +853% |
| Amounts payable within one year | 42/48 | €41,770,889 | €52,841,962 | +€11.1m | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €15,800,415 | €713,270 | -€15.1m | -95.5% |
| Financial debts | 43 | €21,555 | €8,558 | -€12,997 | -60.3% |
| Credit institutions | 430/8 | €21,555 | €8,558 | -€12,997 | -60.3% |
| Trade debts | 44 | €15,530,631 | €17,901,377 | +€2.4m | +15.3% |
| Suppliers | 440/4 | €15,530,631 | €17,901,377 | +€2.4m | +15.3% |
| Advances received on contracts in progress | 46 | €3,219,468 | €27,511,509 | +€24.3m | +755% |
| Taxes, remuneration and social security | 45 | €4,673,865 | €2,943,416 | -€1.7m | -37.0% |
| Taxes | 450/3 | €2,121,006 | €450,942 | -€1.7m | -78.7% |
| Remuneration and social security | 454/9 | €2,552,859 | €2,492,474 | -€60,385 | -2.4% |
| Other amounts payable | 47/48 | €2,524,955 | €3,763,833 | +€1.2m | +49.1% |
| Accrued charges and deferred income | 492/3 | €1,118,343 | €2,040,230 | +€921,888 | +82.4% |
| Operating income | 70/76A | €170,145,454 | €178,177,166 | +€8.0m | +4.7% |
| Turnover | 70 | €165,238,465 | €171,849,912 | +€6.6m | +4.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,218,853 | €2,953,686 | +€1.7m | +142% |
| Own construction capitalised | 72 | €6,358 | - | -€6,358 | |
| Other operating income | 74 | €3,061,679 | €2,890,016 | -€171,662 | -5.6% |
| Non-recurring operating income | 76A | €620,100 | €483,551 | -€136,549 | -22.0% |
| Operating charges | 60/66A | €167,670,001 | €174,449,827 | +€6.8m | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €125,792,018 | €131,156,443 | +€5.4m | +4.3% |
| Purchases | 600/8 | €126,192,931 | €138,286,311 | +€12.1m | +9.6% |
| Change in stocks: decrease (increase) | 609 | -€400,913 | -€7,129,868 | -€6.7m | -1,678% |
| Services and other goods | 61 | €21,538,630 | €21,070,404 | -€468,226 | -2.2% |
| Remuneration, social security and pensions | 62 | €18,662,917 | €19,163,054 | +€500,137 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,559,004 | €2,543,960 | -€15,044 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€458,037 | -€2,799 | +€455,238 | +99.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,409,989 | -€280,928 | +€1.1m | +80.1% |
| Other operating charges | 640/8 | €448,025 | €556,302 | +€108,277 | +24.2% |
| Non-recurring operating charges | 66A | €537,433 | €243,390 | -€294,042 | -54.7% |
| Operating profit (loss) | 9901 | €2,475,453 | €3,727,339 | +€1.3m | +50.6% |
| Financial income | 75/76B | €918,783 | €322,912 | -€595,871 | -64.9% |
| Recurring financial income | 75 | €218,783 | €317,722 | +€98,939 | +45.2% |
| Income from financial fixed assets | 750 | €28,478 | €47,972 | +€19,494 | +68.5% |
| Income from current assets | 751 | €5,883 | €31,655 | +€25,772 | +438% |
| Other financial income | 752/9 | €184,422 | €238,095 | +€53,672 | +29.1% |
| Non-recurring financial income | 76B | €700,000 | €5,189 | -€694,811 | -99.3% |
| Financial charges | 65/66B | €1,749,261 | €1,893,104 | +€143,842 | +8.2% |
| Recurring financial charges | 65 | €1,749,261 | €1,893,104 | +€143,842 | +8.2% |
| Debt charges | 650 | €1,400,019 | €1,182,781 | -€217,239 | -15.5% |
| Other financial charges | 652/9 | €349,242 | €710,323 | +€361,081 | +103% |
| Profit (loss) for the period before taxes | 9903 | €1,644,975 | €2,157,146 | +€512,171 | +31.1% |
| Transfer from deferred taxes | 780 | €12,812 | €12,812 | = | 0.0% |
| Income taxes | 67/77 | €1,131,379 | €107,124 | -€1.0m | -90.5% |
| Taxes | 670/3 | €1,413,186 | €163,018 | -€1.3m | -88.5% |
| Tax adjustments and reversals of tax provisions | 77 | €281,807 | €55,894 | -€225,914 | -80.2% |
| Profit (loss) for the period | 9904 | €526,408 | €2,062,834 | +€1.5m | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €526,408 | €2,062,834 | +€1.5m | +292% |
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 16 October 2026 via checked.be.