LAMMERHOF: 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.
LAMMERHOF
Largest movements
- Cash -€22,902
down €22,902 (-55.8%), from €41,055 to €18,153
mainly Trade debts (-€20,181) and Debts after one year (-€10,004)
- Tangible fixed assets +€3,800
up €3,800 (+29.9%), from €12,691 to €16,491
of which Plant, machinery and equipment: +€6,831
- Receivables within one year -€3,422
down €3,422 (-28.6%), from €11,958 to €8,536
of which Trade receivables: -€3,322
- Deferred charges and accrued income +€847
up €847 (+172%), from €491 to €1,339
- Trade debts -€20,181
down €20,181 (-54.6%), from €36,990 to €16,810
- Debts after one year -€10,004
down €10,004 (-91.6%), from €10,918 to €914
- Profit (loss) carried forward +€7,089
up €7,089 (+6.6%), from -€107,827 to -€100,738
- Accrued charges and deferred income +€2,466
up €2,466 (+457%), from €539 to €3,005
- Current portion of long-term debt -€2,234
down €2,234 (-18.3%), from €12,238 to €10,004
- Gross operating margin -€12,025
down €12,025 (-9.7%), from €123,667 to €111,641
- Staff costs +€3,096
up €3,096 (+3.3%), from €94,456 to €97,553
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 | €83,562 | €61,558 | -€22,003 | -26.3% |
| Fixed assets | 21/28 | €12,691 | €16,491 | +€3,800 | +29.9% |
| Tangible fixed assets | 22/27 | €12,691 | €16,491 | +€3,800 | +29.9% |
| Plant, machinery and equipment | 23 | €3,835 | €10,666 | +€6,831 | +178% |
| Other tangible fixed assets | 26 | €8,856 | €5,825 | -€3,031 | -34.2% |
| Current assets | 29/58 | €70,871 | €45,068 | -€25,803 | -36.4% |
| Stocks and contracts in progress | 3 | €17,367 | €17,041 | -€326 | -1.9% |
| Stocks | 30/36 | €17,367 | €17,041 | -€326 | -1.9% |
| Amounts receivable within one year | 40/41 | €11,958 | €8,536 | -€3,422 | -28.6% |
| Trade receivables | 40 | €10,925 | €7,603 | -€3,322 | -30.4% |
| Other amounts receivable | 41 | €1,032 | €933 | -€100 | -9.6% |
| Cash at bank and in hand | 54/58 | €41,055 | €18,153 | -€22,902 | -55.8% |
| Deferred charges and accrued income | 490/1 | €491 | €1,339 | +€847 | +172% |
| Total equity and liabilities | 10/49 | €83,562 | €61,558 | -€22,003 | -26.3% |
| Equity | 10/15 | -€69,827 | -€62,738 | +€7,089 | +10.2% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,827 | -€100,738 | +€7,089 | +6.6% |
| Amounts payable | 17/49 | €153,389 | €124,297 | -€29,092 | -19.0% |
| Amounts payable after more than one year | 17 | €10,918 | €914 | -€10,004 | -91.6% |
| Financial debts | 170/4 | €10,918 | €914 | -€10,004 | -91.6% |
| Amounts payable within one year | 42/48 | €141,932 | €120,378 | -€21,554 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €12,238 | €10,004 | -€2,234 | -18.3% |
| Trade debts | 44 | €36,990 | €16,810 | -€20,181 | -54.6% |
| Suppliers | 440/4 | €36,990 | €16,810 | -€20,181 | -54.6% |
| Advances received on contracts in progress | 46 | €5,965 | €5,578 | -€387 | -6.5% |
| Taxes, remuneration and social security | 45 | €20,638 | €21,214 | +€576 | +2.8% |
| Taxes | 450/3 | €9,729 | €10,292 | +€564 | +5.8% |
| Remuneration and social security | 454/9 | €10,909 | €10,922 | +€13 | +0.1% |
| Other amounts payable | 47/48 | €66,101 | €66,772 | +€671 | +1.0% |
| Accrued charges and deferred income | 492/3 | €539 | €3,005 | +€2,466 | +457% |
| Non-recurring operating income | 76A | €577 | €455 | -€122 | -21.2% |
| Remuneration, social security and pensions | 62 | €94,456 | €97,553 | +€3,096 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,577 | €5,597 | +€1,019 | +22.3% |
| Other operating charges | 640/8 | €596 | €313 | -€283 | -47.5% |
| Gross operating margin | 9900 | €123,667 | €111,641 | -€12,025 | -9.7% |
| Operating profit (loss) | 9901 | €24,037 | €8,179 | -€15,858 | -66.0% |
| Financial income | 75/76B | €1 | €98 | +€97 | +15,684% |
| Recurring financial income | 75 | €1 | €98 | +€97 | +15,684% |
| Financial charges | 65/66B | €1,235 | €951 | -€283 | -22.9% |
| Recurring financial charges | 65 | €1,235 | €951 | -€283 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €22,803 | €7,326 | -€15,478 | -67.9% |
| Income taxes | 67/77 | €225 | €237 | +€12 | +5.2% |
| Profit (loss) for the period | 9904 | €22,578 | €7,089 | -€15,490 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,578 | €7,089 | -€15,490 | -68.6% |
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 13 October 2026 via checked.be.