LAMOTE AANNEMING: 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
LAMOTE AANNEMING
NACE 42.220, Construction of utility projects for electricity and telecommunications
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€543,846
2024 · €454,040+€89,806
Equity
€3.1m
2024 · €2.7m+€434,846
Cash
€701,601
2024 · €769,922-€68,321
Balance sheet total
€15.0m
2024 · €12.4m+€2.6m
Largest movements
Assets
- Tangible fixed assets +€3.3m
up €3.3m (+111%), from €2.9m to €6.2m
of which Land and buildings: +€2.9m
- Receivables within one year -€687,816
down €687,816 (-8.1%), from €8.5m to €7.8m
of which Trade receivables: -€458,876
Equity and liabilities
- Debts after one year +€2.6m
up €2.6m (+133%), from €2.0m to €4.5m
- Trade debts -€1.0m
down €1.0m (-25.7%), from €4.1m to €3.0m
- Reserves +€434,846
up €434,846 (+16.3%), from €2.7m to €3.1m
of which Tax-exempt reserves: +€248,390
- Current portion of long-term debt +€344,836
up €344,836 (+41.1%), from €838,721 to €1.2m
- Short-term financial debts +€237,963
up €237,963 (+12.2%), from €2.0m to €2.2m
Income statement
- Gross operating margin +€511,301
up €511,301 (+14.3%), from €3.6m to €4.1m
- Depreciation +€336,830
up €336,830 (+40.1%), from €840,894 to €1.2m
- Staff costs +€89,261
up €89,261 (+4.9%), from €1.8m to €1.9m
- Other operating charges +€72,941
up €72,941 (+319%), from €22,890 to €95,831
- Write-downs -€68,800
new in 2025: -€68,800
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
€454,040
Gross operating margin
+€511,301
Staff costs
-€89,261
Depreciation
-€336,830
Write-downs
+€68,800
Other operating charges
-€72,941
Other operating items
-€44,094
Financial income
-€6,623
Financial charges
+€27,231
Taxes
+€32,224
Result 2025
€543,846
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
+€1.4m
Investment
-€4.5m
Financing
+€3.1m
Cash 2024
€769,922
From operations (derived)
+€1.4m
Net result for the year
+€543,846
Depreciation
+€1.2m
Receivables within one year
+€687,816
Deferred charges and accrued income
+€14,755
Trade debts
-€1.0m
Smaller working-capital items
+€4,640
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
+€3.1m
Debts after one year
+€2.6m
Current portion of long-term debt
+€344,836
Short-term financial debts
+€237,963
Contributions, distributions and other
-€109,000
Cash 2025
€701,601
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,421,347 | €14,992,560 | +€2.6m | +20.7% |
| Fixed assets | 21/28 | €3,077,026 | €6,419,130 | +€3.3m | +109% |
| Intangible fixed assets | 21 | €20,384 | €17,686 | -€2,698 | -13.2% |
| Tangible fixed assets | 22/27 | €2,934,707 | €6,201,488 | +€3.3m | +111% |
| Land and buildings | 22 | €151,388 | €3,093,781 | +€2.9m | +1,944% |
| Plant, machinery and equipment | 23 | €440,805 | €317,298 | -€123,507 | -28.0% |
| Furniture and vehicles | 24 | €462,901 | €466,562 | +€3,661 | +0.8% |
| Leasing and similar rights | 25 | €1,879,614 | €2,323,848 | +€444,234 | +23.6% |
| Financial fixed assets | 28 | €121,935 | €199,957 | +€78,022 | +64.0% |
| Current assets | 29/58 | €9,344,322 | €8,573,429 | -€770,892 | -8.2% |
| Amounts receivable within one year | 40/41 | €8,487,359 | €7,799,543 | -€687,816 | -8.1% |
| Trade receivables | 40 | €7,987,356 | €7,528,480 | -€458,876 | -5.7% |
| Other amounts receivable | 41 | €500,003 | €271,063 | -€228,940 | -45.8% |
| Cash at bank and in hand | 54/58 | €769,922 | €701,601 | -€68,321 | -8.9% |
| Deferred charges and accrued income | 490/1 | €87,040 | €72,285 | -€14,755 | -17.0% |
| Total equity and liabilities | 10/49 | €12,421,347 | €14,992,560 | +€2.6m | +20.7% |
| Equity | 10/15 | €2,699,839 | €3,134,685 | +€434,846 | +16.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €2,664,839 | €3,099,685 | +€434,846 | +16.3% |
| Tax-exempt reserves | 132 | €11,620 | €260,010 | +€248,390 | +2,138% |
| Distributable reserves | 133 | €2,653,219 | €2,839,675 | +€186,456 | +7.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,721,508 | €11,857,875 | +€2.1m | +22.0% |
| Amounts payable after more than one year | 17 | €1,950,035 | €4,540,446 | +€2.6m | +133% |
| Financial debts | 170/4 | €1,950,035 | €4,540,446 | +€2.6m | +133% |
| Amounts payable within one year | 42/48 | €7,732,795 | €7,283,522 | -€449,273 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €838,721 | €1,183,557 | +€344,836 | +41.1% |
| Financial debts | 43 | €1,950,000 | €2,187,963 | +€237,963 | +12.2% |
| Credit institutions | 430/8 | €1,950,000 | €2,187,963 | +€237,963 | +12.2% |
| Trade debts | 44 | €4,057,574 | €3,016,090 | -€1.0m | -25.7% |
| Suppliers | 440/4 | €4,057,574 | €3,016,090 | -€1.0m | -25.7% |
| Taxes, remuneration and social security | 45 | €277,711 | €282,749 | +€5,037 | +1.8% |
| Taxes | 450/3 | €186,739 | €197,199 | +€10,460 | +5.6% |
| Remuneration and social security | 454/9 | €90,972 | €85,550 | -€5,422 | -6.0% |
| Other amounts payable | 47/48 | €608,790 | €613,163 | +€4,373 | +0.7% |
| Accrued charges and deferred income | 492/3 | €38,678 | €33,908 | -€4,771 | -12.3% |
| Non-recurring operating income | 76A | €35,029 | €6,986 | -€28,043 | -80.1% |
| Remuneration, social security and pensions | 62 | €1,803,814 | €1,893,075 | +€89,261 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840,894 | €1,177,724 | +€336,830 | +40.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€68,800 | -€68,800 | |
| Other operating charges | 640/8 | €22,890 | €95,831 | +€72,941 | +319% |
| Non-recurring operating charges | 66A | €4,633 | €48,727 | +€44,094 | +952% |
| Gross operating margin | 9900 | €3,570,553 | €4,081,854 | +€511,301 | +14.3% |
| Operating profit (loss) | 9901 | €898,323 | €935,297 | +€36,975 | +4.1% |
| Financial income | 75/76B | €10,572 | €3,949 | -€6,623 | -62.6% |
| Recurring financial income | 75 | €10,572 | €3,949 | -€6,623 | -62.6% |
| Financial charges | 65/66B | €270,468 | €243,237 | -€27,231 | -10.1% |
| Recurring financial charges | 65 | €270,468 | €243,237 | -€27,231 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €638,427 | €696,009 | +€57,582 | +9.0% |
| Income taxes | 67/77 | €184,387 | €152,163 | -€32,224 | -17.5% |
| Profit (loss) for the period | 9904 | €454,040 | €543,846 | +€89,806 | +19.8% |
| Transfer to tax-exempt reserves | 689 | - | €248,390 | +€248,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €454,040 | €295,456 | -€158,584 | -34.9% |
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 14 October 2026 via checked.be.