LAMOS: 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.
LAMOS
Largest movements
- Tangible fixed assets -€75,959
down €75,959 (-3.7%), from €2.0m to €2.0m
of which Land and buildings: -€75,198
- Cash +€30,537
up €30,537 (+100.1%), from €30,516 to €61,053
- Reserves +€122,820
up €122,820 (+55.9%), from €219,684 to €342,504
of which Distributable reserves: +€72,300
- Debts after one year -€95,972
down €95,972 (-10.4%), from €926,415 to €830,443
- Other debts -€88,000
down €88,000 (-17.1%), from €515,000 to €427,000
- Gross operating margin +€69,944
up €69,944 (+36.0%), from €194,308 to €264,252
- Taxes +€26,951
up €26,951 (+213.4%), from €12,631 to €39,583
- Depreciation +€18,022
up €18,022 (+31.1%), from €57,937 to €75,959
- Financial charges -€8,958
down €8,958 (-28.7%), from €31,248 to €22,290
- Other operating charges -€4,193
down €4,193 (-53.8%), from €7,793 to €3,601
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,087,776 | €2,033,898 | -€53,878 | -2.6% |
| Fixed assets | 21/28 | €2,048,726 | €1,972,768 | -€75,959 | -3.7% |
| Tangible fixed assets | 22/27 | €2,048,726 | €1,972,768 | -€75,959 | -3.7% |
| Land and buildings | 22 | €2,046,871 | €1,971,673 | -€75,198 | -3.7% |
| Plant, machinery and equipment | 23 | €1,855 | €1,095 | -€761 | -41.0% |
| Current assets | 29/58 | €39,050 | €61,130 | +€22,081 | +56.5% |
| Amounts receivable within one year | 40/41 | €8,534 | €78 | -€8,456 | -99.1% |
| Trade receivables | 40 | €51 | €78 | +€27 | +52.6% |
| Other amounts receivable | 41 | €8,483 | - | -€8,483 | |
| Cash at bank and in hand | 54/58 | €30,516 | €61,053 | +€30,537 | +100.1% |
| Total equity and liabilities | 10/49 | €2,087,776 | €2,033,898 | -€53,878 | -2.6% |
| Equity | 10/15 | €562,345 | €685,165 | +€122,820 | +21.8% |
| Contributions | 10/11 | €342,661 | €342,661 | = | 0.0% |
| Reserves | 13 | €219,684 | €342,504 | +€122,820 | +55.9% |
| Non-distributable reserves | 130/1 | €94,948 | €94,948 | = | 0.0% |
| Reserves not available under the articles | 1311 | €94,948 | €94,948 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €50,520 | +€50,520 | |
| Distributable reserves | 133 | €124,736 | €197,036 | +€72,300 | +58.0% |
| Amounts payable | 17/49 | €1,525,431 | €1,348,733 | -€176,698 | -11.6% |
| Amounts payable after more than one year | 17 | €926,415 | €830,443 | -€95,972 | -10.4% |
| Financial debts | 170/4 | €926,415 | €830,443 | -€95,972 | -10.4% |
| Amounts payable within one year | 42/48 | €599,016 | €518,290 | -€80,725 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €70,580 | €72,181 | +€1,601 | +2.3% |
| Trade debts | 44 | €804 | €32 | -€772 | -96.0% |
| Suppliers | 440/4 | €804 | €32 | -€772 | -96.0% |
| Taxes, remuneration and social security | 45 | €12,631 | €19,077 | +€6,446 | +51.0% |
| Taxes | 450/3 | €12,631 | €19,077 | +€6,446 | +51.0% |
| Other amounts payable | 47/48 | €515,000 | €427,000 | -€88,000 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,937 | €75,959 | +€18,022 | +31.1% |
| Other operating charges | 640/8 | €7,793 | €3,601 | -€4,193 | -53.8% |
| Gross operating margin | 9900 | €194,308 | €264,252 | +€69,944 | +36.0% |
| Operating profit (loss) | 9901 | €128,578 | €184,693 | +€56,114 | +43.6% |
| Financial charges | 65/66B | €31,248 | €22,290 | -€8,958 | -28.7% |
| Recurring financial charges | 65 | €31,248 | €22,290 | -€8,958 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €97,330 | €162,402 | +€65,072 | +66.9% |
| Income taxes | 67/77 | €12,631 | €39,583 | +€26,951 | +213.4% |
| Profit (loss) for the period | 9904 | €84,699 | €122,820 | +€38,121 | +45.0% |
| Transfer to tax-exempt reserves | 689 | - | €50,520 | +€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,699 | €72,300 | -€12,399 | -14.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.