LAMIFS: 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.
LAMIFS
Largest movements
- Current investments +€309,123
up €309,123 (+128%), from €241,400 to €550,523
- Cash -€229,027
down €229,027 (-65.2%), from €351,264 to €122,237
mainly Current investments (-€309,123) and Contributions, distributions and other (-€53,000)
- Receivables within one year -€33,647
down €33,647 (-49.3%), from €68,202 to €34,555
of which Trade receivables: -€33,327
- Reserves +€44,162
up €44,162 (+7.2%), from €613,978 to €658,141
- Gross operating margin -€96,158
down €96,158 (-42.5%), from €226,058 to €129,900
- Taxes -€26,147
down €26,147 (-39.9%), from €65,580 to €39,433
- Financial income +€9,813
up €9,813 (+414%), from €2,372 to €12,185
- Other operating charges -€5,205
down €5,205 (-91.0%), from €5,722 to €516
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 | €666,580 | €717,067 | +€50,487 | +7.6% |
| Fixed assets | 21/28 | €5,714 | €8,628 | +€2,914 | +51.0% |
| Tangible fixed assets | 22/27 | €5,619 | €8,533 | +€2,914 | +51.9% |
| Furniture and vehicles | 24 | €5,619 | €8,533 | +€2,914 | +51.9% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €660,866 | €708,440 | +€47,573 | +7.2% |
| Amounts receivable within one year | 40/41 | €68,202 | €34,555 | -€33,647 | -49.3% |
| Trade receivables | 40 | €62,867 | €29,540 | -€33,327 | -53.0% |
| Other amounts receivable | 41 | €5,335 | €5,015 | -€320 | -6.0% |
| Current investments | 50/53 | €241,400 | €550,523 | +€309,123 | +128% |
| Cash at bank and in hand | 54/58 | €351,264 | €122,237 | -€229,027 | -65.2% |
| Deferred charges and accrued income | 490/1 | - | €1,125 | +€1,125 | |
| Total equity and liabilities | 10/49 | €666,580 | €717,067 | +€50,487 | +7.6% |
| Equity | 10/15 | €614,078 | €658,241 | +€44,162 | +7.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €613,978 | €658,141 | +€44,162 | +7.2% |
| Distributable reserves | 133 | €613,978 | €658,141 | +€44,162 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,502 | €58,827 | +€6,325 | +12.0% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,714 | €29,553 | +€2,838 | +10.6% |
| Trade debts | 44 | €3,639 | €6,156 | +€2,517 | +69.2% |
| Suppliers | 440/4 | €3,639 | €6,156 | +€2,517 | +69.2% |
| Taxes, remuneration and social security | 45 | €22,800 | €23,268 | +€467 | +2.0% |
| Taxes | 450/3 | €22,800 | €23,268 | +€467 | +2.0% |
| Other amounts payable | 47/48 | €275 | €129 | -€146 | -53.0% |
| Accrued charges and deferred income | 492/3 | €788 | €4,274 | +€3,486 | +443% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,141 | €3,187 | +€1,046 | +48.9% |
| Other operating charges | 640/8 | €5,722 | €516 | -€5,205 | -91.0% |
| Gross operating margin | 9900 | €226,058 | €129,900 | -€96,158 | -42.5% |
| Operating profit (loss) | 9901 | €218,195 | €126,197 | -€91,998 | -42.2% |
| Financial income | 75/76B | €2,372 | €12,185 | +€9,813 | +414% |
| Recurring financial income | 75 | €2,372 | €12,185 | +€9,813 | +414% |
| Financial charges | 65/66B | €1,582 | €1,786 | +€204 | +12.9% |
| Recurring financial charges | 65 | €1,582 | €1,786 | +€204 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €218,985 | €136,595 | -€82,390 | -37.6% |
| Income taxes | 67/77 | €65,580 | €39,433 | -€26,147 | -39.9% |
| Profit (loss) for the period | 9904 | €153,405 | €97,162 | -€56,242 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €153,405 | €97,162 | -€56,242 | -36.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.