MICHEL - LAMBERTY: what changed
What changed
MICHEL - LAMBERTY
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€321,359
2024 · €259,575+€61,783
Equity
€694,265
2024 · €1.0m-€308,641
Cash
€779,064
2024 · €495,382+€283,682
Balance sheet total
€1.6m
2024 · €1.3m+€311,081
Largest movements
Assets
- Cash +€283,682
up €283,682 (+57.3%), from €495,382 to €779,064
mainly Other debts (+€630,000) and Net result for the year (+€321,359)
- Tangible fixed assets +€45,455
up €45,455 (+11.9%), from €381,875 to €427,330
of which Furniture and vehicles: +€71,210
- Receivables within one year -€32,298
down €32,298 (-30.9%), from €104,598 to €72,299
of which Trade receivables: -€39,742
Equity and liabilities
- Other debts +€630,000
up €630,000 (+334,697%), from €188 to €630,188
- Profit (loss) carried forward -€308,641
down €308,641 (-31.6%), from €975,407 to €666,765
Income statement
- Gross operating margin +€114,684
up €114,684 (+8.9%), from €1.3m to €1.4m
- Staff costs +€44,931
up €44,931 (+5.1%), from €876,262 to €921,193
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€259,575
Gross operating margin
+€114,684
Staff costs
-€44,931
Depreciation
+€4,417
Write-downs
-€135
Other operating charges
-€618
Other operating items
-€4,330
Financial income
-€1,286
Financial charges
+€5,357
Taxes
-€11,375
Result 2025
€321,359
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
-€101,084
Financing
-€653,333
Cash 2024
€495,382
From operations (derived)
+€1.0m
Net result for the year
+€321,359
Depreciation
+€53,257
Stocks and contracts
-€9,963
Receivables within one year
+€32,298
Deferred charges and accrued income
-€1,907
Smaller working-capital items
+€8
Tax, wage and social debts
+€13,048
Other debts
+€630,000
Investment (derived)
-€101,084
Investment in fixed assets (net)
-€101,084
Financing
-€653,333
Debts after one year
-€8,933
Current portion of long-term debt
-€14,400
Contributions, distributions and other
-€630,000
Cash 2025
€779,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,258,625 | €1,569,706 | +€311,081 | +24.7% |
| Fixed assets | 21/28 | €381,875 | €429,702 | +€47,828 | +12.5% |
| Intangible fixed assets | 21 | - | €2,373 | +€2,373 | |
| Tangible fixed assets | 22/27 | €381,875 | €427,330 | +€45,455 | +11.9% |
| Land and buildings | 22 | €324,905 | €299,150 | -€25,755 | -7.9% |
| Furniture and vehicles | 24 | €56,970 | €128,180 | +€71,210 | +125% |
| Current assets | 29/58 | €876,751 | €1,140,004 | +€263,254 | +30.0% |
| Stocks and contracts in progress | 3 | €253,292 | €263,255 | +€9,963 | +3.9% |
| Stocks | 30/36 | €235,933 | €222,955 | -€12,978 | -5.5% |
| Contracts in progress | 37 | €17,359 | €40,300 | +€22,941 | +132% |
| Amounts receivable within one year | 40/41 | €104,598 | €72,299 | -€32,298 | -30.9% |
| Trade receivables | 40 | €93,194 | €53,452 | -€39,742 | -42.6% |
| Other amounts receivable | 41 | €11,404 | €18,847 | +€7,443 | +65.3% |
| Cash at bank and in hand | 54/58 | €495,382 | €779,064 | +€283,682 | +57.3% |
| Deferred charges and accrued income | 490/1 | €23,479 | €25,386 | +€1,907 | +8.1% |
| Total equity and liabilities | 10/49 | €1,258,625 | €1,569,706 | +€311,081 | +24.7% |
| Equity | 10/15 | €1,002,907 | €694,265 | -€308,641 | -30.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €975,407 | €666,765 | -€308,641 | -31.6% |
| Amounts payable | 17/49 | €255,718 | €875,441 | +€619,723 | +242% |
| Amounts payable after more than one year | 17 | €9,223 | €290 | -€8,933 | -96.9% |
| Financial debts | 170/4 | €9,223 | €290 | -€8,933 | -96.9% |
| Amounts payable within one year | 42/48 | €242,745 | €871,302 | +€628,556 | +259% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €8,933 | -€14,400 | -61.7% |
| Trade debts | 44 | €145,395 | €145,304 | -€92 | -0.1% |
| Suppliers | 440/4 | €145,395 | €145,304 | -€92 | -0.1% |
| Taxes, remuneration and social security | 45 | €73,829 | €86,876 | +€13,048 | +17.7% |
| Taxes | 450/3 | €14,248 | €38,387 | +€24,139 | +169% |
| Remuneration and social security | 454/9 | €59,581 | €48,490 | -€11,091 | -18.6% |
| Other amounts payable | 47/48 | €188 | €630,188 | +€630,000 | +334,697% |
| Accrued charges and deferred income | 492/3 | €3,750 | €3,850 | +€100 | +2.7% |
| Non-recurring operating income | 76A | - | €3,326 | +€3,326 | |
| Remuneration, social security and pensions | 62 | €876,262 | €921,193 | +€44,931 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,674 | €53,257 | -€4,417 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€406 | -€271 | +€135 | +33.2% |
| Other operating charges | 640/8 | €10,304 | €10,922 | +€618 | +6.0% |
| Non-recurring operating charges | 66A | - | €4,330 | +€4,330 | |
| Gross operating margin | 9900 | €1,286,148 | €1,400,832 | +€114,684 | +8.9% |
| Operating profit (loss) | 9901 | €342,314 | €411,402 | +€69,088 | +20.2% |
| Financial income | 75/76B | €15,848 | €14,561 | -€1,286 | -8.1% |
| Recurring financial income | 75 | €15,848 | €14,561 | -€1,286 | -8.1% |
| Financial charges | 65/66B | €6,945 | €1,587 | -€5,357 | -77.1% |
| Recurring financial charges | 65 | €6,945 | €1,587 | -€5,357 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €351,217 | €424,375 | +€73,159 | +20.8% |
| Income taxes | 67/77 | €91,641 | €103,017 | +€11,375 | +12.4% |
| Profit (loss) for the period | 9904 | €259,575 | €321,359 | +€61,783 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €259,575 | €321,359 | +€61,783 | +23.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.