LAMMERTYN CONSTRUCT: 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.
LAMMERTYN CONSTRUCT
Largest movements
- Stocks and contracts +€266,758
up €266,758 (+33.9%), from €787,286 to €1.1m
of which Contracts in progress: +€179,611
- Receivables within one year +€91,155
up €91,155 (+11.5%), from €793,960 to €885,115
of which Trade receivables: +€79,494
- Cash -€69,635
down €69,635 (-40.1%), from €173,448 to €103,813
mainly Stocks and contracts (-€266,758) and Investment in fixed assets (net) (-€129,963)
- Tangible fixed assets -€34,696
down €34,696 (-13.5%), from €256,534 to €221,837
of which Plant, machinery and equipment: -€101,315
- Short-term financial debts +€179,284
up €179,284 (+167.5%), from €107,018 to €286,302
- Other debts +€90,105
up €90,105 (+50.4%), from €178,831 to €268,936
- Debts after one year -€75,970
down €75,970 (-27.3%), from €277,816 to €201,847
- Accrued charges and deferred income +€48,146
up €48,146 (+16.1%), from €299,330 to €347,476
- Tax, wage and social debts +€42,294
up €42,294 (+51.3%), from €82,491 to €124,785
of which Remuneration and social security: +€38,540
- Gross operating margin -€60,000
down €60,000 (-5.1%), from €1.2m to €1.1m
- Staff costs -€48,320
down €48,320 (-5.5%), from €875,865 to €827,545
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 | €2,017,815 | €2,269,959 | +€252,144 | +12.5% |
| Fixed assets | 21/28 | €256,534 | €221,837 | -€34,696 | -13.5% |
| Tangible fixed assets | 22/27 | €256,534 | €221,837 | -€34,696 | -13.5% |
| Land and buildings | 22 | €14,448 | €25,681 | +€11,234 | +77.8% |
| Plant, machinery and equipment | 23 | €178,300 | €76,984 | -€101,315 | -56.8% |
| Furniture and vehicles | 24 | €43,598 | €110,588 | +€66,989 | +153.7% |
| Leasing and similar rights | 25 | €16,460 | €6,491 | -€9,969 | -60.6% |
| Other tangible fixed assets | 26 | €3,728 | €2,093 | -€1,635 | -43.8% |
| Current assets | 29/58 | €1,761,281 | €2,048,122 | +€286,841 | +16.3% |
| Stocks and contracts in progress | 3 | €787,286 | €1,054,044 | +€266,758 | +33.9% |
| Stocks | 30/36 | €682,350 | €769,497 | +€87,147 | +12.8% |
| Contracts in progress | 37 | €104,936 | €284,547 | +€179,611 | +171.2% |
| Amounts receivable within one year | 40/41 | €793,960 | €885,115 | +€91,155 | +11.5% |
| Trade receivables | 40 | €408,901 | €488,395 | +€79,494 | +19.4% |
| Other amounts receivable | 41 | €385,059 | €396,721 | +€11,662 | +3.0% |
| Cash at bank and in hand | 54/58 | €173,448 | €103,813 | -€69,635 | -40.1% |
| Deferred charges and accrued income | 490/1 | €6,587 | €5,150 | -€1,437 | -21.8% |
| Total equity and liabilities | 10/49 | €2,017,815 | €2,269,959 | +€252,144 | +12.5% |
| Equity | 10/15 | €646,828 | €645,484 | -€1,344 | -0.2% |
| Contributions | 10/11 | €325,017 | €325,017 | = | 0.0% |
| Reserves | 13 | €64,247 | €61,247 | -€3,000 | -4.7% |
| Tax-exempt reserves | 132 | €11,497 | €8,497 | -€3,000 | -26.1% |
| Distributable reserves | 133 | €52,750 | €52,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,564 | €259,220 | +€1,656 | +0.6% |
| Provisions and deferred taxes | 16 | €3,795 | €2,795 | -€1,000 | -26.4% |
| Deferred taxes | 168 | €3,795 | €2,795 | -€1,000 | -26.4% |
| Amounts payable | 17/49 | €1,367,193 | €1,621,681 | +€254,488 | +18.6% |
| Amounts payable after more than one year | 17 | €277,816 | €201,847 | -€75,970 | -27.3% |
| Financial debts | 170/4 | €277,816 | €201,847 | -€75,970 | -27.3% |
| Amounts payable within one year | 42/48 | €790,047 | €1,072,358 | +€282,311 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €148,195 | €152,766 | +€4,572 | +3.1% |
| Financial debts | 43 | €107,018 | €286,302 | +€179,284 | +167.5% |
| Credit institutions | 430/8 | €107,018 | €286,302 | +€179,284 | +167.5% |
| Trade debts | 44 | €273,512 | €239,568 | -€33,944 | -12.4% |
| Suppliers | 440/4 | €273,512 | €239,568 | -€33,944 | -12.4% |
| Taxes, remuneration and social security | 45 | €82,491 | €124,785 | +€42,294 | +51.3% |
| Taxes | 450/3 | €14,205 | €17,959 | +€3,754 | +26.4% |
| Remuneration and social security | 454/9 | €68,286 | €106,826 | +€38,540 | +56.4% |
| Other amounts payable | 47/48 | €178,831 | €268,936 | +€90,105 | +50.4% |
| Accrued charges and deferred income | 492/3 | €299,330 | €347,476 | +€48,146 | +16.1% |
| Non-recurring operating income | 76A | €0 | €11,146 | +€11,146 | |
| Remuneration, social security and pensions | 62 | €875,865 | €827,545 | -€48,320 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,381 | €164,660 | +€6,278 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,829 | €5,039 | -€790 | -13.6% |
| Gross operating margin | 9900 | €1,179,894 | €1,119,894 | -€60,000 | -5.1% |
| Operating profit (loss) | 9901 | €139,818 | €122,650 | -€17,168 | -12.3% |
| Financial income | 75/76B | €5,219 | €4,026 | -€1,193 | -22.9% |
| Recurring financial income | 75 | €5,219 | €4,026 | -€1,193 | -22.9% |
| Financial charges | 65/66B | €34,973 | €34,757 | -€217 | -0.6% |
| Recurring financial charges | 65 | €34,973 | €34,757 | -€217 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €110,064 | €91,920 | -€18,145 | -16.5% |
| Transfer from deferred taxes | 780 | €1,000 | €1,000 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €28,744 | €19,263 | -€9,481 | -33.0% |
| Profit (loss) for the period | 9904 | €82,320 | €73,656 | -€8,664 | -10.5% |
| Transfer from tax-exempt reserves | 789 | €3,000 | €3,000 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €85,320 | €76,656 | -€8,664 | -10.2% |
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 5 October 2026 via checked.be.