LAMRO: 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.
LAMRO
Largest movements
- Cash -€23,228
down €23,228 (-69.1%), from €33,604 to €10,376
mainly Contributions, distributions and other (-€57,875) and Receivables within one year (-€18,008)
- Receivables within one year +€18,008
up €18,008 (+113%), from €15,962 to €33,970
of which Trade receivables: +€17,883
- Receivables after one year +€16,056
up €16,056 (+180%), from €8,944 to €25,000
- Tangible fixed assets -€8,060
down €8,060 (-23.0%), from €34,969 to €26,909
of which Furniture and vehicles: -€8,785
- Current investments +€3,099
new in 2025: €3,099
- Other debts +€29,730
up €29,730 (+104%), from €28,583 to €58,313
- Reserves -€22,636
down €22,636 (-95.5%), from €23,714 to €1,078
- Debts after one year -€9,670
down €9,670 (-51.1%), from €18,942 to €9,272
- Tax, wage and social debts +€7,472
up €7,472 (+59.7%), from €12,510 to €19,983
- Trade debts -€1,445
down €1,445 (-97.3%), from €1,484 to €39
- Gross operating margin +€22,808
up €22,808 (+58.5%), from €39,013 to €61,821
- Taxes +€8,006
up €8,006 (+128%), from €6,235 to €14,241
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 | €95,834 | €99,355 | +€3,521 | +3.7% |
| Fixed assets | 21/28 | €34,969 | €26,909 | -€8,060 | -23.0% |
| Tangible fixed assets | 22/27 | €34,969 | €26,909 | -€8,060 | -23.0% |
| Plant, machinery and equipment | 23 | €2,896 | €3,621 | +€725 | +25.1% |
| Furniture and vehicles | 24 | €32,074 | €23,288 | -€8,785 | -27.4% |
| Current assets | 29/58 | €60,865 | €72,445 | +€11,581 | +19.0% |
| Amounts receivable after more than one year | 29 | €8,944 | €25,000 | +€16,056 | +180% |
| Other amounts receivable | 291 | €8,944 | €25,000 | +€16,056 | +180% |
| Amounts receivable within one year | 40/41 | €15,962 | €33,970 | +€18,008 | +113% |
| Trade receivables | 40 | €12,197 | €30,080 | +€17,883 | +147% |
| Other amounts receivable | 41 | €3,765 | €3,890 | +€125 | +3.3% |
| Current investments | 50/53 | - | €3,099 | +€3,099 | |
| Cash at bank and in hand | 54/58 | €33,604 | €10,376 | -€23,228 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,355 | - | -€2,355 | |
| Total equity and liabilities | 10/49 | €95,834 | €99,355 | +€3,521 | +3.7% |
| Equity | 10/15 | €24,714 | €2,078 | -€22,636 | -91.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,714 | €1,078 | -€22,636 | -95.5% |
| Distributable reserves | 133 | €23,714 | €1,078 | -€22,636 | -95.5% |
| Amounts payable | 17/49 | €71,120 | €97,277 | +€26,157 | +36.8% |
| Amounts payable after more than one year | 17 | €18,942 | €9,272 | -€9,670 | -51.1% |
| Financial debts | 170/4 | €18,942 | €9,272 | -€9,670 | -51.1% |
| Amounts payable within one year | 42/48 | €51,803 | €88,005 | +€36,202 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €9,226 | €9,670 | +€444 | +4.8% |
| Trade debts | 44 | €1,484 | €39 | -€1,445 | -97.3% |
| Suppliers | 440/4 | €1,484 | €39 | -€1,445 | -97.3% |
| Taxes, remuneration and social security | 45 | €12,510 | €19,983 | +€7,472 | +59.7% |
| Taxes | 450/3 | €12,510 | €19,983 | +€7,472 | +59.7% |
| Other amounts payable | 47/48 | €28,583 | €58,313 | +€29,730 | +104% |
| Accrued charges and deferred income | 492/3 | €375 | - | -€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,345 | €9,735 | +€390 | +4.2% |
| Other operating charges | 640/8 | €1,070 | €1,346 | +€275 | +25.7% |
| Gross operating margin | 9900 | €39,013 | €61,821 | +€22,808 | +58.5% |
| Operating profit (loss) | 9901 | €28,597 | €50,740 | +€22,143 | +77.4% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €1,696 | €1,260 | -€436 | -25.7% |
| Recurring financial charges | 65 | €1,696 | €1,260 | -€436 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €26,932 | €49,480 | +€22,548 | +83.7% |
| Income taxes | 67/77 | €6,235 | €14,241 | +€8,006 | +128% |
| Profit (loss) for the period | 9904 | €20,697 | €35,239 | +€14,541 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,697 | €35,239 | +€14,541 | +70.3% |
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.