LAMORGESE: 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.
LAMORGESE
Largest movements
- Receivables within one year +€142,443
up €142,443 (+1,090%), from €13,068 to €155,511
of which Trade receivables: +€140,389
- Tangible fixed assets -€9,991
no longer reported in 2025 (was €9,991)
- Cash +€9,299
up €9,299 (+115%), from €8,085 to €17,384
mainly Other debts (+€158,836) and Net result for the year (+€140,922)
- Debts after one year -€160,000
no longer reported in 2025 (was €160,000)
- Other debts +€158,836
up €158,836 (+241%), from €65,888 to €224,724
- Profit (loss) carried forward +€148,923
up €148,923 (+67.0%), from -€222,159 to -€73,236
- Reserves -€8,000
no longer reported in 2025 (was €8,000)
- Gross operating margin +€112,257
up €112,257 (+357%), from €31,458 to €143,715
- Depreciation -€3,308
no longer reported in 2025 (was €3,308)
- Taxes +€2,000
new in 2025: €2,000
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 | €32,162 | €173,072 | +€140,910 | +438% |
| Fixed assets | 21/28 | €9,991 | - | -€9,991 | |
| Tangible fixed assets | 22/27 | €9,991 | - | -€9,991 | |
| Plant, machinery and equipment | 23 | €9,991 | - | -€9,991 | |
| Current assets | 29/58 | €22,171 | €173,072 | +€150,901 | +681% |
| Amounts receivable within one year | 40/41 | €13,068 | €155,511 | +€142,443 | +1,090% |
| Trade receivables | 40 | €13,068 | €153,457 | +€140,389 | +1,074% |
| Other amounts receivable | 41 | - | €2,054 | +€2,054 | |
| Cash at bank and in hand | 54/58 | €8,085 | €17,384 | +€9,299 | +115% |
| Deferred charges and accrued income | 490/1 | €1,018 | €177 | -€841 | -82.6% |
| Total equity and liabilities | 10/49 | €32,162 | €173,072 | +€140,910 | +438% |
| Equity | 10/15 | -€195,559 | -€54,636 | +€140,923 | +72.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,000 | - | -€8,000 | |
| Tax-exempt reserves | 132 | €8,000 | - | -€8,000 | |
| Profit (loss) carried forward | 14 | -€222,159 | -€73,236 | +€148,923 | +67.0% |
| Amounts payable | 17/49 | €227,721 | €227,708 | -€13 | 0.0% |
| Amounts payable after more than one year | 17 | €160,000 | - | -€160,000 | |
| Other amounts payable | 178/9 | €160,000 | - | -€160,000 | |
| Amounts payable within one year | 42/48 | €66,906 | €226,893 | +€159,987 | +239% |
| Financial debts | 43 | - | €1,333 | +€1,333 | |
| Credit institutions | 430/8 | - | €1,333 | +€1,333 | |
| Trade debts | 44 | €307 | €782 | +€475 | +155% |
| Suppliers | 440/4 | €307 | €782 | +€475 | +155% |
| Taxes, remuneration and social security | 45 | €711 | €54 | -€657 | -92.4% |
| Taxes | 450/3 | €711 | €54 | -€657 | -92.4% |
| Other amounts payable | 47/48 | €65,888 | €224,724 | +€158,836 | +241% |
| Accrued charges and deferred income | 492/3 | €815 | €815 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,308 | - | -€3,308 | |
| Other operating charges | 640/8 | €989 | €500 | -€489 | -49.4% |
| Gross operating margin | 9900 | €31,458 | €143,715 | +€112,257 | +357% |
| Operating profit (loss) | 9901 | €27,161 | €143,215 | +€116,054 | +427% |
| Financial charges | 65/66B | €209 | €293 | +€84 | +40.2% |
| Recurring financial charges | 65 | €209 | €293 | +€84 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €26,952 | €142,922 | +€115,970 | +430% |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | €26,952 | €140,922 | +€113,970 | +423% |
| Transfer from tax-exempt reserves | 789 | - | €8,000 | +€8,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,952 | €148,922 | +€121,970 | +453% |
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.