LAMLAW: 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.
LAMLAW
Largest movements
- Receivables within one year -€14,486
down €14,486 (-30.2%), from €47,919 to €33,433
of which Trade receivables: -€14,644
- Cash +€11,886
up €11,886 (+7.0%), from €169,776 to €181,661
mainly Net result for the year (+€90,259) and Receivables within one year (+€14,486)
- Tangible fixed assets -€3,124
down €3,124 (-21.4%), from €14,572 to €11,448
of which Land and buildings: -€2,873
- Reserves -€18,876
down €18,876 (-40.0%), from €47,180 to €28,303
- Other debts +€8,579
up €8,579 (+8.5%), from €100,556 to €109,135
- Tax, wage and social debts +€3,426
up €3,426 (+4.5%), from €76,384 to €79,810
of which Remuneration and social security: +€9,213
- Staff costs +€22,826
up €22,826 (+45.0%), from €50,684 to €73,511
- Gross operating margin +€17,873
up €17,873 (+10.9%), from €163,520 to €181,393
- Taxes +€4,691
up €4,691 (+87.3%), from €5,374 to €10,065
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 | €235,578 | €229,274 | -€6,304 | -2.7% |
| Fixed assets | 21/28 | €14,572 | €11,448 | -€3,124 | -21.4% |
| Tangible fixed assets | 22/27 | €14,572 | €11,448 | -€3,124 | -21.4% |
| Land and buildings | 22 | €6,544 | €3,671 | -€2,873 | -43.9% |
| Furniture and vehicles | 24 | €8,029 | €7,778 | -€251 | -3.1% |
| Current assets | 29/58 | €221,006 | €217,826 | -€3,179 | -1.4% |
| Amounts receivable within one year | 40/41 | €47,919 | €33,433 | -€14,486 | -30.2% |
| Trade receivables | 40 | €47,919 | €33,275 | -€14,644 | -30.6% |
| Other amounts receivable | 41 | - | €158 | +€158 | |
| Cash at bank and in hand | 54/58 | €169,776 | €181,661 | +€11,886 | +7.0% |
| Deferred charges and accrued income | 490/1 | €3,312 | €2,733 | -€579 | -17.5% |
| Total equity and liabilities | 10/49 | €235,578 | €229,274 | -€6,304 | -2.7% |
| Equity | 10/15 | €50,939 | €32,063 | -€18,876 | -37.1% |
| Contributions | 10/11 | €3,760 | €3,760 | = | 0.0% |
| Reserves | 13 | €47,180 | €28,303 | -€18,876 | -40.0% |
| Distributable reserves | 133 | €47,180 | €28,303 | -€18,876 | -40.0% |
| Amounts payable | 17/49 | €184,639 | €197,212 | +€12,573 | +6.8% |
| Amounts payable within one year | 42/48 | €184,639 | €195,805 | +€11,166 | +6.0% |
| Trade debts | 44 | €7,699 | €6,860 | -€839 | -10.9% |
| Suppliers | 440/4 | €7,699 | €6,860 | -€839 | -10.9% |
| Taxes, remuneration and social security | 45 | €76,384 | €79,810 | +€3,426 | +4.5% |
| Taxes | 450/3 | €55,542 | €49,756 | -€5,787 | -10.4% |
| Remuneration and social security | 454/9 | €20,842 | €30,055 | +€9,213 | +44.2% |
| Other amounts payable | 47/48 | €100,556 | €109,135 | +€8,579 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €1,407 | +€1,407 | |
| Remuneration, social security and pensions | 62 | €50,684 | €73,511 | +€22,826 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,635 | €5,997 | +€363 | +6.4% |
| Other operating charges | 640/8 | €1,991 | €2,331 | +€340 | +17.1% |
| Gross operating margin | 9900 | €163,520 | €181,393 | +€17,873 | +10.9% |
| Operating profit (loss) | 9901 | €105,210 | €99,553 | -€5,657 | -5.4% |
| Financial income | 75/76B | €766 | €961 | +€195 | +25.5% |
| Recurring financial income | 75 | €766 | €961 | +€195 | +25.5% |
| Financial charges | 65/66B | €247 | €191 | -€56 | -22.6% |
| Recurring financial charges | 65 | €247 | €191 | -€56 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €105,729 | €100,324 | -€5,406 | -5.1% |
| Income taxes | 67/77 | €5,374 | €10,065 | +€4,691 | +87.3% |
| Profit (loss) for the period | 9904 | €100,355 | €90,259 | -€10,097 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,355 | €90,259 | -€10,097 | -10.1% |
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 30 September 2026 via checked.be.