LAMOVANA: 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.
LAMOVANA
Largest movements
- Receivables within one year +€366,263
up €366,263 (+2,742%), from €13,357 to €379,620
of which Other amounts receivable: +€365,295
- Cash -€160,541
down €160,541 (-88.3%), from €181,914 to €21,373
- Tangible fixed assets -€40,624
down €40,624 (-6.6%), from €612,858 to €572,234
- Trade debts +€190,139
up €190,139 (+4,114%), from €4,622 to €194,761
- Tax, wage and social debts -€22,002
down €22,002 (-80.8%), from €27,218 to €5,215
- Accrued charges and deferred income -€12,598
down €12,598 (-91.6%), from €13,754 to €1,155
- Gross operating margin -€73,578
down €73,578 (-46.3%), from €158,999 to €85,420
- Taxes -€22,002
down €22,002 (-80.8%), from €27,218 to €5,215
- Other operating charges +€20,059
up €20,059 (+101%), from €19,874 to €39,933
- Depreciation +€17,411
up €17,411 (+75.0%), from €23,214 to €40,624
- Financial income +€3,744
up €3,744, from €0 to €3,744
From the 2023 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
A cash bridge needs two consecutive financial 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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €808,377 | €973,475 | +€165,098 | +20.4% |
| Fixed assets | 21/28 | €613,106 | €572,482 | -€40,624 | -6.6% |
| Tangible fixed assets | 22/27 | €612,858 | €572,234 | -€40,624 | -6.6% |
| Land and buildings | 22 | €612,858 | €572,234 | -€40,624 | -6.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €195,271 | €400,993 | +€205,722 | +105% |
| Amounts receivable within one year | 40/41 | €13,357 | €379,620 | +€366,263 | +2,742% |
| Trade receivables | 40 | - | €968 | +€968 | |
| Other amounts receivable | 41 | €13,357 | €378,652 | +€365,295 | +2,735% |
| Cash at bank and in hand | 54/58 | €181,914 | €21,373 | -€160,541 | -88.3% |
| Total equity and liabilities | 10/49 | €808,377 | €973,475 | +€165,098 | +20.4% |
| Equity | 10/15 | €692,157 | €695,322 | +€3,166 | +0.5% |
| Contributions | 10/11 | €161,973 | €161,973 | = | 0.0% |
| Capital | 10 | €161,973 | €161,973 | = | 0.0% |
| Issued capital | 100 | €161,973 | €161,973 | = | 0.0% |
| Revaluation surpluses | 12 | €20,047 | €20,047 | = | 0.0% |
| Reserves | 13 | €510,136 | €513,302 | +€3,166 | +0.6% |
| Non-distributable reserves | 130/1 | €16,197 | €16,197 | = | 0.0% |
| Legal reserve | 130 | €16,197 | €16,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €171,170 | €170,913 | -€257 | -0.2% |
| Distributable reserves | 133 | €322,769 | €326,192 | +€3,423 | +1.1% |
| Provisions and deferred taxes | 16 | €57,057 | €56,971 | -€86 | -0.2% |
| Deferred taxes | 168 | €57,057 | €56,971 | -€86 | -0.2% |
| Amounts payable | 17/49 | €59,164 | €221,181 | +€162,018 | +274% |
| Amounts payable within one year | 42/48 | €45,410 | €220,026 | +€174,616 | +385% |
| Trade debts | 44 | €4,622 | €194,761 | +€190,139 | +4,114% |
| Suppliers | 440/4 | €4,622 | €194,761 | +€190,139 | +4,114% |
| Taxes, remuneration and social security | 45 | €27,218 | €5,215 | -€22,002 | -80.8% |
| Taxes | 450/3 | €27,218 | €5,215 | -€22,002 | -80.8% |
| Other amounts payable | 47/48 | €13,570 | €20,050 | +€6,480 | +47.7% |
| Accrued charges and deferred income | 492/3 | €13,754 | €1,155 | -€12,598 | -91.6% |
| Non-recurring operating income | 76A | €12,098 | €0 | -€12,098 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,214 | €40,624 | +€17,411 | +75.0% |
| Other operating charges | 640/8 | €19,874 | €39,933 | +€20,059 | +101% |
| Gross operating margin | 9900 | €158,999 | €85,420 | -€73,578 | -46.3% |
| Operating profit (loss) | 9901 | €115,911 | €4,863 | -€111,048 | -95.8% |
| Financial income | 75/76B | €0 | €3,744 | +€3,744 | |
| Recurring financial income | 75 | €0 | €3,744 | +€3,744 | |
| Financial charges | 65/66B | €120 | €312 | +€192 | +159% |
| Recurring financial charges | 65 | €120 | €312 | +€192 | +159% |
| Profit (loss) for the period before taxes | 9903 | €115,791 | €8,295 | -€107,495 | -92.8% |
| Transfer from deferred taxes | 780 | €49 | €86 | +€37 | +75.0% |
| Income taxes | 67/77 | €27,218 | €5,215 | -€22,002 | -80.8% |
| Profit (loss) for the period | 9904 | €88,622 | €3,166 | -€85,456 | -96.4% |
| Transfer from tax-exempt reserves | 789 | €147 | €257 | +€110 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,769 | €3,423 | -€85,346 | -96.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.