MICHAEL LAMBERT SPRL: 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.
MICHAEL LAMBERT SPRL
Largest movements
- Cash -€66,462
down €66,462 (-60.2%), from €110,474 to €44,012
mainly Receivables within one year (-€41,941) and Trade debts (-€29,073)
- Receivables within one year +€41,941
up €41,941 (+55.4%), from €75,718 to €117,659
of which Trade receivables: +€28,194
- Tangible fixed assets -€15,530
down €15,530 (-7.6%), from €205,084 to €189,555
of which Land and buildings: -€8,439
- Stocks and contracts +€10,475
up €10,475 (+7.8%), from €134,749 to €145,225
- Reserves +€40,000
up €40,000 (+37.4%), from €107,000 to €147,000
- Trade debts -€29,073
down €29,073 (-58.1%), from €50,067 to €20,994
- Debts after one year -€13,902
down €13,902 (-35.7%), from €38,889 to €24,987
- Other debts -€12,979
no longer reported in 2025 (was €12,979)
- Current portion of long-term debt -€10,516
down €10,516 (-39.1%), from €26,918 to €16,402
- Gross operating margin -€37,113
down €37,113 (-18.0%), from €206,395 to €169,282
- Taxes -€14,302
down €14,302 (-42.2%), from €33,915 to €19,613
- Staff costs +€7,614
up €7,614 (+12.1%), from €62,876 to €70,490
- Depreciation -€3,194
down €3,194 (-9.6%), from €33,432 to €30,238
- Other operating charges +€2,181
up €2,181 (+44.7%), from €4,874 to €7,055
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 | €526,445 | €496,451 | -€29,994 | -5.7% |
| Fixed assets | 21/28 | €205,084 | €189,555 | -€15,530 | -7.6% |
| Tangible fixed assets | 22/27 | €205,084 | €189,555 | -€15,530 | -7.6% |
| Land and buildings | 22 | €153,733 | €145,294 | -€8,439 | -5.5% |
| Plant, machinery and equipment | 23 | €31,757 | €32,861 | +€1,103 | +3.5% |
| Furniture and vehicles | 24 | €19,594 | €11,400 | -€8,194 | -41.8% |
| Current assets | 29/58 | €321,360 | €306,896 | -€14,464 | -4.5% |
| Stocks and contracts in progress | 3 | €134,749 | €145,225 | +€10,475 | +7.8% |
| Stocks | 30/36 | €134,749 | €145,225 | +€10,475 | +7.8% |
| Amounts receivable within one year | 40/41 | €75,718 | €117,659 | +€41,941 | +55.4% |
| Trade receivables | 40 | €72,743 | €100,937 | +€28,194 | +38.8% |
| Other amounts receivable | 41 | €2,975 | €16,723 | +€13,747 | +462% |
| Cash at bank and in hand | 54/58 | €110,474 | €44,012 | -€66,462 | -60.2% |
| Deferred charges and accrued income | 490/1 | €419 | - | -€419 | |
| Total equity and liabilities | 10/49 | €526,445 | €496,451 | -€29,994 | -5.7% |
| Equity | 10/15 | €369,419 | €409,795 | +€40,376 | +10.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €107,000 | €147,000 | +€40,000 | +37.4% |
| Distributable reserves | 133 | €107,000 | €147,000 | +€40,000 | +37.4% |
| Profit (loss) carried forward | 14 | €254,359 | €254,735 | +€376 | +0.1% |
| Amounts payable | 17/49 | €157,026 | €86,655 | -€70,370 | -44.8% |
| Amounts payable after more than one year | 17 | €38,889 | €24,987 | -€13,902 | -35.7% |
| Financial debts | 170/4 | €38,889 | €24,987 | -€13,902 | -35.7% |
| Amounts payable within one year | 42/48 | €117,137 | €61,669 | -€55,468 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €26,918 | €16,402 | -€10,516 | -39.1% |
| Trade debts | 44 | €50,067 | €20,994 | -€29,073 | -58.1% |
| Suppliers | 440/4 | €50,067 | €20,994 | -€29,073 | -58.1% |
| Taxes, remuneration and social security | 45 | €27,173 | €24,273 | -€2,900 | -10.7% |
| Taxes | 450/3 | €25,554 | €22,971 | -€2,583 | -10.1% |
| Remuneration and social security | 454/9 | €1,618 | €1,302 | -€316 | -19.6% |
| Other amounts payable | 47/48 | €12,979 | - | -€12,979 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €62,876 | €70,490 | +€7,614 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,432 | €30,238 | -€3,194 | -9.6% |
| Other operating charges | 640/8 | €4,874 | €7,055 | +€2,181 | +44.7% |
| Gross operating margin | 9900 | €206,395 | €169,282 | -€37,113 | -18.0% |
| Operating profit (loss) | 9901 | €105,212 | €61,498 | -€43,714 | -41.5% |
| Financial income | 75/76B | €86 | €8 | -€78 | -90.5% |
| Recurring financial income | 75 | €86 | €8 | -€78 | -90.5% |
| Financial charges | 65/66B | €2,407 | €1,517 | -€890 | -37.0% |
| Recurring financial charges | 65 | €2,407 | €1,517 | -€890 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €102,891 | €59,989 | -€42,902 | -41.7% |
| Income taxes | 67/77 | €33,915 | €19,613 | -€14,302 | -42.2% |
| Profit (loss) for the period | 9904 | €68,976 | €40,376 | -€28,600 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,976 | €40,376 | -€28,600 | -41.5% |
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 17 October 2026 via checked.be.