Lamo: 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
Lamo
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.0m+€520,136
Equity
€10.9m
2024 · €9.4m+€1.5m
Cash
€902,507
2024 · €465,643+€436,864
Balance sheet total
€20.1m
2024 · €16.9m+€3.1m
Largest movements
Assets
- Stocks and contracts +€1.7m
up €1.7m (+16.8%), from €10.1m to €11.8m
- Receivables within one year +€686,322
up €686,322 (+13.6%), from €5.1m to €5.7m
of which Trade receivables: +€410,307
- Cash +€436,864
up €436,864 (+93.8%), from €465,643 to €902,507
mainly Net result for the year (+€1.5m) and Short-term financial debts (+€1.1m)
- Tangible fixed assets +€325,301
up €325,301 (+56.2%), from €578,861 to €904,162
of which Furniture and vehicles: +€323,199
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+30.1%), from €3.8m to €5.0m
- Current portion of long-term debt +€1.1m
up €1.1m (+1,240%), from €88,755 to €1.2m
- Profit (loss) carried forward +€883,118
up €883,118 (+17.3%), from €5.1m to €6.0m
- Debts after one year -€802,529
down €802,529 (-67.7%), from €1.2m to €382,549
- Reserves +€645,930
up €645,930 (+40.3%), from €1.6m to €2.2m
of which Tax-exempt reserves: +€645,930
Income statement
- Turnover +€6.1m
up €6.1m (+22.7%), from €26.8m to €32.9m
- Goods and materials +€4.9m
up €4.9m (+23.5%), from €20.7m to €25.5m
of which Purchases: +€6.2m
- Staff costs +€447,991
up €447,991 (+14.3%), from €3.1m to €3.6m
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
€1.0m
Turnover
+€6.1m
Other operating income
-€66,488
Goods and materials
-€4.9m
Services and other goods
-€118,753
Staff costs
-€447,991
Depreciation
-€78,029
Write-downs
+€87,619
Other operating charges
-€66,860
Other operating items
+€22,804
Financial income
+€176,182
Financial charges
-€46,379
Taxes
-€177,391
Result 2025
€1.5m
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
-€444,844
Investment
-€562,982
Financing
+€1.4m
Cash 2024
€465,643
From operations (derived)
-€444,844
Net result for the year
+€1.5m
Depreciation
+€280,169
Stocks and contracts
-€1.7m
Receivables within one year
-€686,322
Deferred charges and accrued income
-€36,636
Trade debts
-€18,997
Tax, wage and social debts
+€119,103
Advances received
-€503
Other debts
+€51,920
Accrued charges and deferred income
+€20,759
Investment (derived)
-€562,982
Investment in fixed assets (net)
-€562,982
Financing
+€1.4m
Debts after one year
-€802,529
Current portion of long-term debt
+€1.1m
Short-term financial debts
+€1.1m
Cash 2025
€902,507
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,929,122 | €20,075,144 | +€3.1m | +18.6% |
| Fixed assets | 21/28 | €789,205 | €1,072,018 | +€282,813 | +35.8% |
| Intangible fixed assets | 21 | €203,577 | €161,089 | -€42,488 | -20.9% |
| Tangible fixed assets | 22/27 | €578,861 | €904,162 | +€325,301 | +56.2% |
| Land and buildings | 22 | €18,293 | €12,781 | -€5,512 | -30.1% |
| Plant, machinery and equipment | 23 | €77,810 | €95,039 | +€17,229 | +22.1% |
| Furniture and vehicles | 24 | €437,374 | €760,573 | +€323,199 | +73.9% |
| Leasing and similar rights | 25 | €23,821 | €13,827 | -€9,994 | -42.0% |
| Other tangible fixed assets | 26 | €21,563 | €21,942 | +€378 | +1.8% |
| Financial fixed assets | 28 | €6,767 | €6,767 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,000 | €3,000 | = | 0.0% |
| Participating interests | 282 | €3,000 | €3,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,767 | €3,767 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,767 | €3,767 | = | 0.0% |
| Current assets | 29/58 | €16,139,918 | €19,003,126 | +€2.9m | +17.7% |
| Stocks and contracts in progress | 3 | €10,139,945 | €11,843,330 | +€1.7m | +16.8% |
| Stocks | 30/36 | €10,139,945 | €11,843,330 | +€1.7m | +16.8% |
| Goods purchased for resale | 34 | €10,139,945 | €11,843,330 | +€1.7m | +16.8% |
| Amounts receivable within one year | 40/41 | €5,050,194 | €5,736,516 | +€686,322 | +13.6% |
| Trade receivables | 40 | €4,977,442 | €5,387,749 | +€410,307 | +8.2% |
| Other amounts receivable | 41 | €72,752 | €348,767 | +€276,015 | +379% |
| Cash at bank and in hand | 54/58 | €465,643 | €902,507 | +€436,864 | +93.8% |
| Deferred charges and accrued income | 490/1 | €484,136 | €520,772 | +€36,636 | +7.6% |
| Total equity and liabilities | 10/49 | €16,929,122 | €20,075,144 | +€3.1m | +18.6% |
| Equity | 10/15 | €9,403,703 | €10,932,752 | +€1.5m | +16.3% |
| Contributions | 10/11 | €2,700,000 | €2,700,000 | = | 0.0% |
| Capital | 10 | €2,700,000 | €2,700,000 | = | 0.0% |
| Issued capital | 100 | €2,700,000 | €2,700,000 | = | 0.0% |
| Reserves | 13 | €1,603,457 | €2,249,387 | +€645,930 | +40.3% |
| Non-distributable reserves | 130/1 | €270,000 | €270,000 | = | 0.0% |
| Legal reserve | 130 | €270,000 | €270,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,332,597 | €1,978,527 | +€645,930 | +48.5% |
| Distributable reserves | 133 | €860 | €860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,100,246 | €5,983,364 | +€883,118 | +17.3% |
| Amounts payable | 17/49 | €7,525,419 | €9,142,393 | +€1.6m | +21.5% |
| Amounts payable after more than one year | 17 | €1,185,078 | €382,549 | -€802,529 | -67.7% |
| Financial debts | 170/4 | €1,185,078 | €382,549 | -€802,529 | -67.7% |
| Leasing and similar obligations | 172 | €14,758 | €4,392 | -€10,366 | -70.2% |
| Credit institutions | 173 | €170,320 | €378,157 | +€207,838 | +122% |
| Other loans | 174 | €1,000,000 | €0 | -€1.0m | -100% |
| Amounts payable within one year | 42/48 | €6,321,838 | €8,720,581 | +€2.4m | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €88,755 | €1,188,979 | +€1.1m | +1,240% |
| Financial debts | 43 | €3,807,521 | €4,954,517 | +€1.1m | +30.1% |
| Credit institutions | 430/8 | €3,807,521 | €4,954,517 | +€1.1m | +30.1% |
| Trade debts | 44 | €579,680 | €560,683 | -€18,997 | -3.3% |
| Suppliers | 440/4 | €579,680 | €560,683 | -€18,997 | -3.3% |
| Advances received on contracts in progress | 46 | €503 | €0 | -€503 | -100% |
| Taxes, remuneration and social security | 45 | €680,752 | €799,854 | +€119,103 | +17.5% |
| Taxes | 450/3 | €209,687 | €268,862 | +€59,175 | +28.2% |
| Remuneration and social security | 454/9 | €471,064 | €530,992 | +€59,928 | +12.7% |
| Other amounts payable | 47/48 | €1,164,628 | €1,216,547 | +€51,920 | +4.5% |
| Accrued charges and deferred income | 492/3 | €18,504 | €39,263 | +€20,759 | +112% |
| Operating income | 70/76A | €27,280,879 | €33,340,421 | +€6.1m | +22.2% |
| Turnover | 70 | €26,811,459 | €32,904,393 | +€6.1m | +22.7% |
| Other operating income | 74 | €465,770 | €399,282 | -€66,488 | -14.3% |
| Non-recurring operating income | 76A | €3,649 | €36,746 | +€33,097 | +907% |
| Operating charges | 60/66A | €26,123,279 | €31,615,097 | +€5.5m | +21.0% |
| Goods for resale, raw materials and consumables | 60 | €20,668,743 | €25,526,253 | +€4.9m | +23.5% |
| Purchases | 600/8 | €21,079,050 | €27,268,076 | +€6.2m | +29.4% |
| Change in stocks: decrease (increase) | 609 | -€410,307 | -€1,741,822 | -€1.3m | -325% |
| Services and other goods | 61 | €1,913,908 | €2,032,662 | +€118,753 | +6.2% |
| Remuneration, social security and pensions | 62 | €3,140,230 | €3,588,221 | +€447,991 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,140 | €280,169 | +€78,029 | +38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €142,214 | €54,595 | -€87,619 | -61.6% |
| Other operating charges | 640/8 | €56,043 | €122,903 | +€66,860 | +119% |
| Non-recurring operating charges | 66A | - | €10,293 | +€10,293 | |
| Operating profit (loss) | 9901 | €1,157,600 | €1,725,325 | +€567,724 | +49.0% |
| Financial income | 75/76B | €590,640 | €766,822 | +€176,182 | +29.8% |
| Recurring financial income | 75 | €590,640 | €766,822 | +€176,182 | +29.8% |
| Income from current assets | 751 | €3,260 | €26,334 | +€23,074 | +708% |
| Other financial income | 752/9 | €587,380 | €740,488 | +€153,108 | +26.1% |
| Financial charges | 65/66B | €405,756 | €452,135 | +€46,379 | +11.4% |
| Recurring financial charges | 65 | €405,756 | €452,135 | +€46,379 | +11.4% |
| Debt charges | 650 | €255,225 | €262,884 | +€7,658 | +3.0% |
| Other financial charges | 652/9 | €150,531 | €189,252 | +€38,721 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €1,342,484 | €2,040,011 | +€697,527 | +52.0% |
| Income taxes | 67/77 | €333,571 | €510,962 | +€177,391 | +53.2% |
| Taxes | 670/3 | €333,571 | €510,962 | +€177,391 | +53.2% |
| Profit (loss) for the period | 9904 | €1,008,913 | €1,529,049 | +€520,136 | +51.6% |
| Transfer from tax-exempt reserves | 789 | - | €196,070 | +€196,070 | |
| Transfer to tax-exempt reserves | 689 | €463,100 | €842,000 | +€378,900 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €545,813 | €883,118 | +€337,305 | +61.8% |
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 16 October 2026 via checked.be.