LAMMEKEN: 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
LAMMEKEN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€218,317
2024 · -€317,307+€98,990
Equity
€825,439
2024 · €1.0m-€218,317
Cash
€398
2024 · €6,752-€6,355
Balance sheet total
€12.6m
2024 · €12.3m+€277,722
Largest movements
Assets
- Receivables within one year +€371,682
up €371,682 (+6.5%), from €5.8m to €6.1m
of which Other amounts receivable: +€370,977
Equity and liabilities
- Debts after one year +€515,189
up €515,189 (+6.8%), from €7.6m to €8.1m
- Profit (loss) carried forward -€218,317
down €218,317 (-8.2%), from -€2.7m to -€2.9m
Income statement
- Financial charges -€80,327
down €80,327 (-15.9%), from €504,279 to €423,951
- Financial income +€16,825
up €16,825 (+5.2%), from €324,587 to €341,412
- Gross operating margin +€1,589
up €1,589 (+35.1%), from -€4,529 to -€2,940
- Depreciation +€450
up €450 (+0.4%), from €124,524 to €124,974
- Other operating charges +€142
up €142 (+1.8%), from €7,722 to €7,864
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
-€317,307
Gross operating margin
+€1,589
Depreciation
-€450
Other operating charges
-€142
Other operating items
+€840
Financial income
+€16,825
Financial charges
+€80,327
Result 2025
-€218,317
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
-€515,525
Investment
-€6,018
Financing
+€515,189
Cash 2024
€6,752
From operations (derived)
-€515,525
Net result for the year
-€218,317
Depreciation
+€124,974
Receivables within one year
-€371,682
Deferred charges and accrued income
-€31,350
Trade debts
-€5,496
Tax, wage and social debts
-€1,303
Accrued charges and deferred income
-€12,351
Investment (derived)
-€6,018
Investment in fixed assets (net)
-€6,018
Financing
+€515,189
Debts after one year
+€515,189
Cash 2025
€398
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,300,661 | €12,578,383 | +€277,722 | +2.3% |
| Fixed assets | 21/28 | €6,284,502 | €6,165,546 | -€118,956 | -1.9% |
| Tangible fixed assets | 22/27 | €6,284,502 | €6,165,546 | -€118,956 | -1.9% |
| Land and buildings | 22 | €6,119,876 | €6,036,514 | -€83,361 | -1.4% |
| Plant, machinery and equipment | 23 | €38,552 | €30,817 | -€7,735 | -20.1% |
| Furniture and vehicles | 24 | €126,074 | €98,215 | -€27,859 | -22.1% |
| Current assets | 29/58 | €6,016,159 | €6,412,837 | +€396,677 | +6.6% |
| Amounts receivable within one year | 40/41 | €5,753,517 | €6,125,199 | +€371,682 | +6.5% |
| Trade receivables | 40 | - | €705 | +€705 | |
| Other amounts receivable | 41 | €5,753,517 | €6,124,494 | +€370,977 | +6.4% |
| Cash at bank and in hand | 54/58 | €6,752 | €398 | -€6,355 | -94.1% |
| Deferred charges and accrued income | 490/1 | €255,890 | €287,240 | +€31,350 | +12.3% |
| Total equity and liabilities | 10/49 | €12,300,661 | €12,578,383 | +€277,722 | +2.3% |
| Equity | 10/15 | €1,043,756 | €825,439 | -€218,317 | -20.9% |
| Contributions | 10/11 | €254,091 | €254,091 | = | 0.0% |
| Capital | 10 | €254,091 | €254,091 | = | 0.0% |
| Issued capital | 100 | €254,091 | €254,091 | = | 0.0% |
| Revaluation surpluses | 12 | €3,450,468 | €3,450,468 | = | 0.0% |
| Reserves | 13 | €162 | €162 | = | 0.0% |
| Tax-exempt reserves | 132 | €162 | €162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,660,964 | -€2,879,281 | -€218,317 | -8.2% |
| Amounts payable | 17/49 | €11,256,905 | €11,752,944 | +€496,039 | +4.4% |
| Amounts payable after more than one year | 17 | €7,589,043 | €8,104,232 | +€515,189 | +6.8% |
| Financial debts | 170/4 | €7,589,043 | €8,104,232 | +€515,189 | +6.8% |
| Amounts payable within one year | 42/48 | €3,459,814 | €3,453,014 | -€6,799 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 43 | €3,350,000 | €3,350,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,350,000 | €3,350,000 | = | 0.0% |
| Trade debts | 44 | €8,453 | €2,957 | -€5,496 | -65.0% |
| Suppliers | 440/4 | €8,453 | €2,957 | -€5,496 | -65.0% |
| Taxes, remuneration and social security | 45 | €1,361 | €58 | -€1,303 | -95.8% |
| Taxes | 450/3 | €1,361 | €58 | -€1,303 | -95.8% |
| Accrued charges and deferred income | 492/3 | €208,048 | €195,698 | -€12,351 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,524 | €124,974 | +€450 | +0.4% |
| Other operating charges | 640/8 | €7,722 | €7,864 | +€142 | +1.8% |
| Non-recurring operating charges | 66A | €840 | - | -€840 | |
| Gross operating margin | 9900 | -€4,529 | -€2,940 | +€1,589 | +35.1% |
| Operating profit (loss) | 9901 | -€137,615 | -€135,778 | +€1,838 | +1.3% |
| Financial income | 75/76B | €324,587 | €341,412 | +€16,825 | +5.2% |
| Recurring financial income | 75 | €324,587 | €341,412 | +€16,825 | +5.2% |
| Financial charges | 65/66B | €504,279 | €423,951 | -€80,327 | -15.9% |
| Recurring financial charges | 65 | €504,279 | €423,951 | -€80,327 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€317,307 | -€218,317 | +€98,990 | +31.2% |
| Profit (loss) for the period | 9904 | -€317,307 | -€218,317 | +€98,990 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€317,307 | -€218,317 | +€98,990 | +31.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.