LAMY-VANDERBIEST: 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.
LAMY-VANDERBIEST
Largest movements
- Cash +€28,454
up €28,454 (+1,339%), from €2,125 to €30,579
mainly Net result for the year (+€26,031) and Stocks and contracts (+€17,525)
- Stocks and contracts -€17,525
down €17,525 (-33.6%), from €52,173 to €34,648
- Receivables within one year -€16,287
down €16,287 (-64.9%), from €25,089 to €8,802
of which Trade receivables: -€20,853
- Deferred charges and accrued income -€5,725
down €5,725 (-34.9%), from €16,424 to €10,698
- Tangible fixed assets +€1,942
up €1,942 (+7.6%), from €25,446 to €27,388
of which Furniture and vehicles: +€1,227
- Reserves +€26,031
up €26,031 (+44.9%), from €57,943 to €83,974
- Accrued charges and deferred income -€19,000
down €19,000 (-100%), from €19,000 to €0
- Short-term financial debts -€14,310
down €14,310 (-100%), from €14,310 to €0
- Trade debts -€13,075
down €13,075 (-75.5%), from €17,313 to €4,239
- Debts after one year +€9,144
new in 2025: €9,144
- Gross operating margin +€52,109
up €52,109 (+89.5%), from €58,238 to €110,347
- Staff costs +€14,504
up €14,504 (+42.6%), from €34,009 to €48,513
- Taxes +€8,837
up €8,837 (+356%), from €2,483 to €11,320
- Other operating charges +€3,206
up €3,206 (+89.0%), from €3,601 to €6,807
- Depreciation +€2,815
up €2,815 (+24.1%), from €11,690 to €14,505
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 | €122,856 | €113,715 | -€9,141 | -7.4% |
| Fixed assets | 21/28 | €27,046 | €28,988 | +€1,942 | +7.2% |
| Tangible fixed assets | 22/27 | €25,446 | €27,388 | +€1,942 | +7.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €14,620 | €15,334 | +€714 | +4.9% |
| Furniture and vehicles | 24 | €10,827 | €12,054 | +€1,227 | +11.3% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €95,810 | €84,727 | -€11,083 | -11.6% |
| Stocks and contracts in progress | 3 | €52,173 | €34,648 | -€17,525 | -33.6% |
| Stocks | 30/36 | €52,173 | €34,648 | -€17,525 | -33.6% |
| Amounts receivable within one year | 40/41 | €25,089 | €8,802 | -€16,287 | -64.9% |
| Trade receivables | 40 | €21,250 | €396 | -€20,853 | -98.1% |
| Other amounts receivable | 41 | €3,839 | €8,406 | +€4,566 | +119% |
| Cash at bank and in hand | 54/58 | €2,125 | €30,579 | +€28,454 | +1,339% |
| Deferred charges and accrued income | 490/1 | €16,424 | €10,698 | -€5,725 | -34.9% |
| Total equity and liabilities | 10/49 | €122,856 | €113,715 | -€9,141 | -7.4% |
| Equity | 10/15 | €64,193 | €90,224 | +€26,031 | +40.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €57,943 | €83,974 | +€26,031 | +44.9% |
| Distributable reserves | 133 | €57,943 | €83,974 | +€26,031 | +44.9% |
| Amounts payable | 17/49 | €58,664 | €23,491 | -€35,173 | -60.0% |
| Amounts payable after more than one year | 17 | - | €9,144 | +€9,144 | |
| Financial debts | 170/4 | - | €9,144 | +€9,144 | |
| Amounts payable within one year | 42/48 | €39,664 | €14,347 | -€25,317 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | €1,732 | €6,588 | +€4,856 | +280% |
| Financial debts | 43 | €14,310 | €0 | -€14,310 | -100% |
| Credit institutions | 430/8 | €14,310 | €0 | -€14,310 | -100% |
| Trade debts | 44 | €17,313 | €4,239 | -€13,075 | -75.5% |
| Suppliers | 440/4 | €17,313 | €4,239 | -€13,075 | -75.5% |
| Taxes, remuneration and social security | 45 | €2,592 | €2,592 | +€0 | 0.0% |
| Taxes | 450/3 | €2,592 | €1,511 | -€1,081 | -41.7% |
| Remuneration and social security | 454/9 | - | €1,081 | +€1,081 | |
| Other amounts payable | 47/48 | €3,716 | €928 | -€2,789 | -75.0% |
| Accrued charges and deferred income | 492/3 | €19,000 | €0 | -€19,000 | -100% |
| Non-recurring operating income | 76A | €17,707 | €0 | -€17,707 | -100% |
| Remuneration, social security and pensions | 62 | €34,009 | €48,513 | +€14,504 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,690 | €14,505 | +€2,815 | +24.1% |
| Other operating charges | 640/8 | €3,601 | €6,807 | +€3,206 | +89.0% |
| Non-recurring operating charges | 66A | - | €550 | +€550 | |
| Gross operating margin | 9900 | €58,238 | €110,347 | +€52,109 | +89.5% |
| Operating profit (loss) | 9901 | €8,939 | €39,971 | +€31,033 | +347% |
| Financial income | 75/76B | €5 | €3 | -€2 | -36.4% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -36.4% |
| Financial charges | 65/66B | €4,277 | €2,623 | -€1,654 | -38.7% |
| Recurring financial charges | 65 | €4,277 | €2,623 | -€1,654 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €4,667 | €37,351 | +€32,685 | +700% |
| Income taxes | 67/77 | €2,483 | €11,320 | +€8,837 | +356% |
| Profit (loss) for the period | 9904 | €2,184 | €26,031 | +€23,847 | +1,092% |
| Profit (loss) for the period to be appropriated | 9905 | €2,184 | €26,031 | +€23,847 | +1,092% |
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 26 October 2026 via checked.be.