Lammens Davy: 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.
Lammens Davy
Largest movements
- Receivables within one year -€35,473
down €35,473 (-10.5%), from €338,855 to €303,382
of which Trade receivables: -€73,606
- Tangible fixed assets +€27,865
up €27,865 (+95.7%), from €29,110 to €56,975
of which Furniture and vehicles: +€28,734
- Cash -€9,106
down €9,106 (-96.9%), from €9,393 to €286
mainly Trade debts (-€61,381) and Investment in fixed assets (net) (-€42,402)
- Trade debts -€61,381
down €61,381 (-20.4%), from €300,502 to €239,122
- Debts after one year +€29,520
new in 2025: €29,520
- Short-term financial debts +€18,739
new in 2025: €18,739
- Other debts -€11,590
down €11,590 (-100.0%), from €11,590 to €0
- Current portion of long-term debt +€8,389
new in 2025: €8,389
- Other operating charges +€10,755
up €10,755 (+566.4%), from €1,899 to €12,653
- Depreciation +€5,396
up €5,396 (+75.4%), from €7,161 to €12,557
- Taxes -€5,025
down €5,025 (-47.7%), from €10,528 to €5,503
- Staff costs +€3,498
up €3,498 (+7.0%), from €50,155 to €53,653
- Gross operating margin -€3,250
down €3,250 (-3.3%), from €97,718 to €94,468
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 | €385,366 | €371,973 | -€13,392 | -3.5% |
| Fixed assets | 21/28 | €29,110 | €58,955 | +€29,845 | +102.5% |
| Tangible fixed assets | 22/27 | €29,110 | €56,975 | +€27,865 | +95.7% |
| Plant, machinery and equipment | 23 | €2,194 | €1,325 | -€869 | -39.6% |
| Furniture and vehicles | 24 | €26,916 | €55,650 | +€28,734 | +106.8% |
| Financial fixed assets | 28 | - | €1,980 | +€1,980 | |
| Current assets | 29/58 | €356,255 | €313,018 | -€43,237 | -12.1% |
| Stocks and contracts in progress | 3 | €4,980 | €5,980 | +€1,000 | +20.1% |
| Stocks | 30/36 | €2,980 | €3,980 | +€1,000 | +33.6% |
| Contracts in progress | 37 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €338,855 | €303,382 | -€35,473 | -10.5% |
| Trade receivables | 40 | €221,798 | €148,192 | -€73,606 | -33.2% |
| Other amounts receivable | 41 | €117,057 | €155,190 | +€38,133 | +32.6% |
| Cash at bank and in hand | 54/58 | €9,393 | €286 | -€9,106 | -96.9% |
| Deferred charges and accrued income | 490/1 | €3,027 | €3,370 | +€342 | +11.3% |
| Total equity and liabilities | 10/49 | €385,366 | €371,973 | -€13,392 | -3.5% |
| Equity | 10/15 | €49,292 | €53,243 | +€3,952 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,360 | €32,310 | +€3,950 | +13.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,500 | €30,450 | +€3,950 | +14.9% |
| Profit (loss) carried forward | 14 | €8,532 | €8,533 | +€2 | 0.0% |
| Amounts payable | 17/49 | €336,074 | €318,730 | -€17,344 | -5.2% |
| Amounts payable after more than one year | 17 | - | €29,520 | +€29,520 | |
| Financial debts | 170/4 | - | €29,520 | +€29,520 | |
| Amounts payable within one year | 42/48 | €336,074 | €289,049 | -€47,025 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,389 | +€8,389 | |
| Financial debts | 43 | - | €18,739 | +€18,739 | |
| Credit institutions | 430/8 | - | €18,739 | +€18,739 | |
| Trade debts | 44 | €300,502 | €239,122 | -€61,381 | -20.4% |
| Suppliers | 440/4 | €300,502 | €239,122 | -€61,381 | -20.4% |
| Taxes, remuneration and social security | 45 | €23,982 | €22,798 | -€1,183 | -4.9% |
| Taxes | 450/3 | €23,982 | €18,412 | -€5,570 | -23.2% |
| Remuneration and social security | 454/9 | - | €4,387 | +€4,387 | |
| Other amounts payable | 47/48 | €11,590 | €0 | -€11,590 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €161 | +€161 | |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €50,155 | €53,653 | +€3,498 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,161 | €12,557 | +€5,396 | +75.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,430 | €0 | -€1,430 | -100.0% |
| Other operating charges | 640/8 | €1,899 | €12,653 | +€10,755 | +566.4% |
| Non-recurring operating charges | 66A | €4,179 | €7,100 | +€2,921 | +69.9% |
| Gross operating margin | 9900 | €97,718 | €94,468 | -€3,250 | -3.3% |
| Operating profit (loss) | 9901 | €32,894 | €8,504 | -€24,389 | -74.1% |
| Financial income | 75/76B | €5,190 | €7,000 | +€1,810 | +34.9% |
| Recurring financial income | 75 | €5,190 | €7,000 | +€1,810 | +34.9% |
| Financial charges | 65/66B | €3,516 | €6,050 | +€2,534 | +72.1% |
| Recurring financial charges | 65 | €3,516 | €6,050 | +€2,534 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €34,568 | €9,455 | -€25,113 | -72.6% |
| Income taxes | 67/77 | €10,528 | €5,503 | -€5,025 | -47.7% |
| Profit (loss) for the period | 9904 | €24,039 | €3,952 | -€20,088 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,039 | €3,952 | -€20,088 | -83.6% |
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 9 October 2026 via checked.be.