LAMSOUL: 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.
LAMSOUL
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+22.0%), from €9.3m to €11.3m
of which Land and buildings: +€1.9m
- Other debts +€2.6m
up €2.6m (+25.7%), from €10.3m to €13.0m
- Profit (loss) carried forward -€678,655
down €678,655 (-17.0%), from -€4.0m to -€4.7m
- Depreciation +€50,689
up €50,689 (+19.3%), from €262,608 to €313,298
- Gross operating margin -€27,999
down €27,999 (-16.0%), from -€174,654 to -€202,654
- Staff costs +€20,972
up €20,972 (+18.7%), from €111,943 to €132,915
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 | €9,344,982 | €11,417,473 | +€2.1m | +22.2% |
| Fixed assets | 21/28 | €9,276,620 | €11,318,626 | +€2.0m | +22.0% |
| Tangible fixed assets | 22/27 | €9,276,620 | €11,318,626 | +€2.0m | +22.0% |
| Land and buildings | 22 | €8,900,219 | €10,789,305 | +€1.9m | +21.2% |
| Plant, machinery and equipment | 23 | €78,082 | €233,990 | +€155,908 | +200% |
| Furniture and vehicles | 24 | €298,319 | €295,331 | -€2,988 | -1.0% |
| Current assets | 29/58 | €68,362 | €98,847 | +€30,485 | +44.6% |
| Amounts receivable within one year | 40/41 | €686 | €2,514 | +€1,828 | +266% |
| Trade receivables | 40 | €686 | €2,514 | +€1,828 | +266% |
| Cash at bank and in hand | 54/58 | €60,026 | €59,017 | -€1,010 | -1.7% |
| Deferred charges and accrued income | 490/1 | €7,649 | €37,316 | +€29,667 | +388% |
| Total equity and liabilities | 10/49 | €9,344,982 | €11,417,473 | +€2.1m | +22.2% |
| Equity | 10/15 | -€982,219 | -€1,660,873 | -€678,655 | -69.1% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,982,219 | -€4,660,873 | -€678,655 | -17.0% |
| Amounts payable | 17/49 | €10,327,201 | €13,078,346 | +€2.8m | +26.6% |
| Amounts payable within one year | 42/48 | €10,322,289 | €13,073,331 | +€2.8m | +26.7% |
| Trade debts | 44 | €10,694 | €84,513 | +€73,820 | +690% |
| Suppliers | 440/4 | €10,694 | €84,513 | +€73,820 | +690% |
| Taxes, remuneration and social security | 45 | €2,308 | €30,476 | +€28,168 | +1,220% |
| Taxes | 450/3 | €286 | €21,270 | +€20,984 | +7,334% |
| Remuneration and social security | 454/9 | €2,022 | €9,205 | +€7,184 | +355% |
| Other amounts payable | 47/48 | €10,309,287 | €12,958,342 | +€2.6m | +25.7% |
| Accrued charges and deferred income | 492/3 | €4,912 | €5,015 | +€103 | +2.1% |
| Remuneration, social security and pensions | 62 | €111,943 | €132,915 | +€20,972 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,608 | €313,298 | +€50,689 | +19.3% |
| Other operating charges | 640/8 | €28,808 | €29,564 | +€755 | +2.6% |
| Gross operating margin | 9900 | -€174,654 | -€202,654 | -€27,999 | -16.0% |
| Operating profit (loss) | 9901 | -€578,014 | -€678,430 | -€100,416 | -17.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €146 | €228 | +€82 | +55.8% |
| Recurring financial charges | 65 | €146 | €228 | +€82 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | -€578,161 | -€678,655 | -€100,494 | -17.4% |
| Profit (loss) for the period | 9904 | -€578,161 | -€678,655 | -€100,494 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€578,161 | -€678,655 | -€100,494 | -17.4% |
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 16 October 2026 via checked.be.