LAMMAT: 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.
LAMMAT
Largest movements
- Tangible fixed assets +€292,359
up €292,359 (+47,909%), from €610 to €292,969
of which Land and buildings: +€292,709
- Receivables within one year -€193,549
down €193,549 (-49.1%), from €394,151 to €200,601
of which Other amounts receivable: -€195,978
- Current investments -€52,430
down €52,430 (-95.2%), from €55,071 to €2,641
- Financial fixed assets +€47,955
up €47,955 (+1.6%), from €3.0m to €3.0m
- Short-term financial debts -€270,000
down €270,000 (-25.2%), from €1.1m to €800,000
- Debts after one year +€233,309
up €233,309 (+382%), from €61,111 to €294,420
- Other debts +€142,759
up €142,759 (+1,977%), from €7,223 to €149,982
- Reserves -€76,181
down €76,181 (-3.5%), from €2.2m to €2.1m
of which Distributable reserves: -€76,181
- Current portion of long-term debt +€56,269
up €56,269 (+56.2%), from €100,207 to €156,476
- Financial income -€1.1m
down €1.1m (-87.8%), from €1.2m to €151,518
of which Financial income: -€810,037
- Financial charges -€879,747
down €879,747 (-92.6%), from €950,356 to €70,609
of which Non-recurring financial charges: -€920,800
- Taxes -€31,903
down €31,903 (-45.4%), from €70,290 to €38,387
- Gross operating margin -€16,814
down €16,814 (-16.1%), from €104,683 to €87,870
- Depreciation +€3,791
up €3,791 (+1,084%), from €350 to €4,141
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 | €3,496,198 | €3,563,486 | +€67,288 | +1.9% |
| Fixed assets | 21/28 | €2,988,671 | €3,328,985 | +€340,314 | +11.4% |
| Tangible fixed assets | 22/27 | €610 | €292,969 | +€292,359 | +47,909% |
| Land and buildings | 22 | - | €292,709 | +€292,709 | |
| Furniture and vehicles | 24 | €610 | €261 | -€350 | -57.3% |
| Financial fixed assets | 28 | €2,988,060 | €3,036,016 | +€47,955 | +1.6% |
| Current assets | 29/58 | €507,527 | €234,501 | -€273,026 | -53.8% |
| Amounts receivable within one year | 40/41 | €394,151 | €200,601 | -€193,549 | -49.1% |
| Trade receivables | 40 | €16,734 | €19,163 | +€2,429 | +14.5% |
| Other amounts receivable | 41 | €377,416 | €181,438 | -€195,978 | -51.9% |
| Current investments | 50/53 | €55,071 | €2,641 | -€52,430 | -95.2% |
| Cash at bank and in hand | 54/58 | €56,268 | €29,473 | -€26,795 | -47.6% |
| Deferred charges and accrued income | 490/1 | €2,037 | €1,786 | -€252 | -12.4% |
| Total equity and liabilities | 10/49 | €3,496,198 | €3,563,486 | +€67,288 | +1.9% |
| Equity | 10/15 | €2,184,251 | €2,108,070 | -€76,181 | -3.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €2,184,151 | €2,107,970 | -€76,181 | -3.5% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €2,184,141 | €2,107,960 | -€76,181 | -3.5% |
| Amounts payable | 17/49 | €1,311,947 | €1,455,417 | +€143,470 | +10.9% |
| Amounts payable after more than one year | 17 | €61,111 | €294,420 | +€233,309 | +382% |
| Financial debts | 170/4 | €61,111 | €294,420 | +€233,309 | +382% |
| Amounts payable within one year | 42/48 | €1,250,837 | €1,146,048 | -€104,789 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €100,207 | €156,476 | +€56,269 | +56.2% |
| Financial debts | 43 | €1,070,000 | €800,000 | -€270,000 | -25.2% |
| Credit institutions | 430/8 | €1,070,000 | €800,000 | -€270,000 | -25.2% |
| Trade debts | 44 | €252 | €1,165 | +€913 | +362% |
| Suppliers | 440/4 | €252 | €1,165 | +€913 | +362% |
| Taxes, remuneration and social security | 45 | €73,155 | €38,425 | -€34,730 | -47.5% |
| Taxes | 450/3 | €73,155 | €38,425 | -€34,730 | -47.5% |
| Other amounts payable | 47/48 | €7,223 | €149,982 | +€142,759 | +1,977% |
| Accrued charges and deferred income | 492/3 | - | €14,949 | +€14,949 | |
| Non-recurring operating income | 76A | €46,472 | - | -€46,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €4,141 | +€3,791 | +1,084% |
| Other operating charges | 640/8 | €1,187 | €2,432 | +€1,245 | +105% |
| Gross operating margin | 9900 | €104,683 | €87,870 | -€16,814 | -16.1% |
| Operating profit (loss) | 9901 | €103,147 | €81,297 | -€21,850 | -21.2% |
| Financial income | 75/76B | €1,237,640 | €151,518 | -€1.1m | -87.8% |
| Recurring financial income | 75 | €961,556 | €151,518 | -€810,037 | -84.2% |
| Non-recurring financial income | 76B | €276,085 | - | -€276,085 | |
| Financial charges | 65/66B | €950,356 | €70,609 | -€879,747 | -92.6% |
| Recurring financial charges | 65 | €29,556 | €70,609 | +€41,053 | +139% |
| Non-recurring financial charges | 66B | €920,800 | - | -€920,800 | |
| Profit (loss) for the period before taxes | 9903 | €390,431 | €162,206 | -€228,225 | -58.5% |
| Income taxes | 67/77 | €70,290 | €38,387 | -€31,903 | -45.4% |
| Profit (loss) for the period | 9904 | €320,141 | €123,819 | -€196,322 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €320,141 | €123,819 | -€196,322 | -61.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.