Lammertyn Projects: 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
Lammertyn Projects
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€35,815
2025 · €53,667-€17,852
Equity
€567,329
2025 · €531,514+€35,815
Cash
€11,300
2025 · €7,417+€3,883
Balance sheet total
€1.1m
2025 · €1.1m-€3,287
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€35,815
up €35,815 (+7.1%), from €506,514 to €542,329
of which Distributable reserves: +€35,815
- Other debts -€29,651
down €29,651 (-6.9%), from €428,357 to €398,706
- Debts after one year -€12,000
down €12,000 (-13.3%), from €90,000 to €78,000
Income statement
- Gross operating margin +€31,939
up €31,939 (+82.0%), from €38,951 to €70,889
- Staff costs +€27,995
new in 2026: €27,995
- Financial income -€23,387
down €23,387 (-50.2%), from €46,569 to €23,182
- Financial charges -€1,606
down €1,606 (-15.7%), from €10,238 to €8,632
From the 2025 result to the 2026 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 2025
€53,667
Gross operating margin
+€31,939
Staff costs
-€27,995
Depreciation
+€527
Other operating charges
-€358
Financial income
-€23,387
Financial charges
+€1,606
Taxes
-€184
Result 2026
€35,815
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€23,562
Investment
€0
Financing
-€19,679
Cash 2025
€7,417
From operations (derived)
+€23,562
Net result for the year
+€35,815
Depreciation
+€6,569
Receivables within one year
-€1,203
Deferred charges and accrued income
+€1,804
Trade debts
+€3,401
Tax, wage and social debts
+€7,780
Other debts
-€29,651
Accrued charges and deferred income
-€954
Financing
-€19,679
Debts after one year
-€12,000
Short-term financial debts
-€7,679
Cash 2026
€11,300
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,084,718 | €1,081,431 | -€3,287 | -0.3% |
| Fixed assets | 21/28 | €1,065,060 | €1,058,491 | -€6,569 | -0.6% |
| Tangible fixed assets | 22/27 | €135,060 | €128,491 | -€6,569 | -4.9% |
| Land and buildings | 22 | €135,039 | €128,491 | -€6,548 | -4.8% |
| Furniture and vehicles | 24 | €21 | €0 | -€21 | -100% |
| Financial fixed assets | 28 | €930,000 | €930,000 | = | 0.0% |
| Current assets | 29/58 | €19,658 | €22,940 | +€3,282 | +16.7% |
| Amounts receivable within one year | 40/41 | €297 | €1,500 | +€1,203 | +405% |
| Trade receivables | 40 | €0 | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €297 | €0 | -€297 | -100% |
| Cash at bank and in hand | 54/58 | €7,417 | €11,300 | +€3,883 | +52.4% |
| Deferred charges and accrued income | 490/1 | €11,944 | €10,140 | -€1,804 | -15.1% |
| Total equity and liabilities | 10/49 | €1,084,718 | €1,081,431 | -€3,287 | -0.3% |
| Equity | 10/15 | €531,514 | €567,329 | +€35,815 | +6.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €506,514 | €542,329 | +€35,815 | +7.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €504,014 | €539,829 | +€35,815 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €553,204 | €514,102 | -€39,102 | -7.1% |
| Amounts payable after more than one year | 17 | €90,000 | €78,000 | -€12,000 | -13.3% |
| Financial debts | 170/4 | €90,000 | €78,000 | -€12,000 | -13.3% |
| Amounts payable within one year | 42/48 | €462,251 | €436,102 | -€26,149 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 43 | €11,838 | €4,159 | -€7,679 | -64.9% |
| Credit institutions | 430/8 | €11,838 | €4,159 | -€7,679 | -64.9% |
| Trade debts | 44 | €6,082 | €9,482 | +€3,401 | +55.9% |
| Suppliers | 440/4 | €6,082 | €9,482 | +€3,401 | +55.9% |
| Taxes, remuneration and social security | 45 | €3,973 | €11,753 | +€7,780 | +196% |
| Taxes | 450/3 | €3,862 | €4,570 | +€708 | +18.3% |
| Remuneration and social security | 454/9 | €111 | €7,184 | +€7,072 | +6,350% |
| Other amounts payable | 47/48 | €428,357 | €398,706 | -€29,651 | -6.9% |
| Accrued charges and deferred income | 492/3 | €954 | €0 | -€954 | -100% |
| Remuneration, social security and pensions | 62 | - | €27,995 | +€27,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,096 | €6,569 | -€527 | -7.4% |
| Other operating charges | 640/8 | €3,821 | €4,179 | +€358 | +9.4% |
| Gross operating margin | 9900 | €38,951 | €70,889 | +€31,939 | +82.0% |
| Operating profit (loss) | 9901 | €28,034 | €32,146 | +€4,112 | +14.7% |
| Financial income | 75/76B | €46,569 | €23,182 | -€23,387 | -50.2% |
| Recurring financial income | 75 | €46,569 | €23,182 | -€23,387 | -50.2% |
| Financial charges | 65/66B | €10,238 | €8,632 | -€1,606 | -15.7% |
| Recurring financial charges | 65 | €10,238 | €8,632 | -€1,606 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €64,365 | €46,697 | -€17,668 | -27.4% |
| Income taxes | 67/77 | €10,698 | €10,882 | +€184 | +1.7% |
| Profit (loss) for the period | 9904 | €53,667 | €35,815 | -€17,852 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,667 | €35,815 | -€17,852 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.