Madeleine LAMBERT: 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.
Madeleine LAMBERT
Largest movements
- Cash +€49,177
up €49,177 (+46.6%), from €105,630 to €154,807
mainly Net result for the year (+€38,827) and Depreciation (+€31,623)
- Intangible fixed assets -€30,000
down €30,000 (-18.8%), from €160,000 to €130,000
- Receivables within one year -€3,143
down €3,143 (-14.7%), from €21,381 to €18,238
of which Trade receivables: -€11,253
- Profit (loss) carried forward +€38,827
up €38,827 (+41.4%), from €93,679 to €132,506
- Debts after one year -€16,644
down €16,644 (-43.4%), from €38,369 to €21,725
- Tax, wage and social debts -€6,985
down €6,985 (-74.3%), from €9,401 to €2,416
of which Taxes: -€8,385
- Gross operating margin -€79,419
down €79,419 (-49.0%), from €161,972 to €82,553
- Taxes -€14,670
down €14,670 (-59.7%), from €24,560 to €9,890
- Depreciation -€10,144
down €10,144 (-24.3%), from €41,767 to €31,623
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 | €296,462 | €313,073 | +€16,611 | +5.6% |
| Fixed assets | 21/28 | €169,409 | €139,062 | -€30,347 | -17.9% |
| Intangible fixed assets | 21 | €160,000 | €130,000 | -€30,000 | -18.8% |
| Tangible fixed assets | 22/27 | €9,409 | €9,062 | -€347 | -3.7% |
| Land and buildings | 22 | €6,990 | €6,269 | -€720 | -10.3% |
| Plant, machinery and equipment | 23 | €1,449 | €2,065 | +€616 | +42.5% |
| Furniture and vehicles | 24 | €970 | €728 | -€243 | -25.0% |
| Current assets | 29/58 | €127,052 | €174,011 | +€46,958 | +37.0% |
| Amounts receivable within one year | 40/41 | €21,381 | €18,238 | -€3,143 | -14.7% |
| Trade receivables | 40 | €21,381 | €10,128 | -€11,253 | -52.6% |
| Other amounts receivable | 41 | - | €8,110 | +€8,110 | |
| Cash at bank and in hand | 54/58 | €105,630 | €154,807 | +€49,177 | +46.6% |
| Deferred charges and accrued income | 490/1 | €41 | €966 | +€925 | +2,235% |
| Total equity and liabilities | 10/49 | €296,462 | €313,073 | +€16,611 | +5.6% |
| Equity | 10/15 | €98,679 | €137,506 | +€38,827 | +39.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,679 | €132,506 | +€38,827 | +41.4% |
| Amounts payable | 17/49 | €197,782 | €175,567 | -€22,216 | -11.2% |
| Amounts payable after more than one year | 17 | €38,369 | €21,725 | -€16,644 | -43.4% |
| Financial debts | 170/4 | €38,369 | €21,725 | -€16,644 | -43.4% |
| Amounts payable within one year | 42/48 | €159,413 | €153,842 | -€5,572 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €16,016 | €16,644 | +€628 | +3.9% |
| Trade debts | 44 | €88 | €311 | +€223 | +253% |
| Suppliers | 440/4 | €88 | €311 | +€223 | +253% |
| Taxes, remuneration and social security | 45 | €9,401 | €2,416 | -€6,985 | -74.3% |
| Taxes | 450/3 | €9,401 | €1,016 | -€8,385 | -89.2% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €133,908 | €134,470 | +€562 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,767 | €31,623 | -€10,144 | -24.3% |
| Other operating charges | 640/8 | - | €7 | +€7 | |
| Gross operating margin | 9900 | €161,972 | €82,553 | -€79,419 | -49.0% |
| Operating profit (loss) | 9901 | €120,205 | €50,923 | -€69,282 | -57.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,966 | €2,206 | +€240 | +12.2% |
| Recurring financial charges | 65 | €1,966 | €2,206 | +€240 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €118,239 | €48,717 | -€69,522 | -58.8% |
| Income taxes | 67/77 | €24,560 | €9,890 | -€14,670 | -59.7% |
| Profit (loss) for the period | 9904 | €93,679 | €38,827 | -€54,852 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,679 | €38,827 | -€54,852 | -58.6% |
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 15 October 2026 via checked.be.