PAUL LAMOTTE: 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.
PAUL LAMOTTE
Largest movements
- Cash +€55,290
up €55,290 (+31.3%), from €176,584 to €231,874
mainly Net result for the year (+€78,695) and Depreciation (+€14,582)
- Current investments +€26,488
up €26,488 (+111%), from €23,883 to €50,371
- Receivables within one year -€7,004
down €7,004 (-29.8%), from €23,536 to €16,532
of which Trade receivables: -€4,742
- Tangible fixed assets -€5,423
down €5,423 (-11.4%), from €47,478 to €42,055
of which Plant, machinery and equipment: -€12,742
- Reserves +€78,695
up €78,695 (+29.8%), from €264,201 to €342,896
- Other debts -€8,261
down €8,261 (-93.7%), from €8,820 to €559
- Gross operating margin +€21,385
up €21,385 (+19.7%), from €108,775 to €130,160
- Taxes +€7,553
up €7,553 (+26.8%), from €28,228 to €35,781
- Depreciation +€1,877
up €1,877 (+14.8%), from €12,705 to €14,582
- Financial income +€1,637
up €1,637 (+445%), from €368 to €2,005
- Other operating charges +€1,464
up €1,464 (+159%), from €920 to €2,384
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 | €273,639 | €344,555 | +€70,916 | +25.9% |
| Fixed assets | 21/28 | €47,478 | €42,055 | -€5,423 | -11.4% |
| Tangible fixed assets | 22/27 | €47,478 | €42,055 | -€5,423 | -11.4% |
| Plant, machinery and equipment | 23 | €46,984 | €34,242 | -€12,742 | -27.1% |
| Furniture and vehicles | 24 | €494 | €7,813 | +€7,319 | +1,483% |
| Current assets | 29/58 | €226,161 | €302,500 | +€76,339 | +33.8% |
| Amounts receivable within one year | 40/41 | €23,536 | €16,532 | -€7,004 | -29.8% |
| Trade receivables | 40 | €11,653 | €6,911 | -€4,742 | -40.7% |
| Other amounts receivable | 41 | €11,882 | €9,621 | -€2,262 | -19.0% |
| Current investments | 50/53 | €23,883 | €50,371 | +€26,488 | +111% |
| Cash at bank and in hand | 54/58 | €176,584 | €231,874 | +€55,290 | +31.3% |
| Deferred charges and accrued income | 490/1 | €2,158 | €3,724 | +€1,566 | +72.6% |
| Total equity and liabilities | 10/49 | €273,639 | €344,555 | +€70,916 | +25.9% |
| Equity | 10/15 | €264,201 | €342,896 | +€78,695 | +29.8% |
| Reserves | 13 | €264,201 | €342,896 | +€78,695 | +29.8% |
| Distributable reserves | 133 | €264,201 | €342,896 | +€78,695 | +29.8% |
| Amounts payable | 17/49 | €9,438 | €1,659 | -€7,779 | -82.4% |
| Amounts payable within one year | 42/48 | €9,088 | €1,659 | -€7,429 | -81.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €268 | €118 | -€149 | -55.7% |
| Credit institutions | 430/8 | €268 | €118 | -€149 | -55.7% |
| Trade debts | 44 | €0 | €982 | +€982 | |
| Suppliers | 440/4 | €0 | €982 | +€982 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,820 | €559 | -€8,261 | -93.7% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,705 | €14,582 | +€1,877 | +14.8% |
| Other operating charges | 640/8 | €920 | €2,384 | +€1,464 | +159% |
| Gross operating margin | 9900 | €108,775 | €130,160 | +€21,385 | +19.7% |
| Operating profit (loss) | 9901 | €95,150 | €113,193 | +€18,044 | +19.0% |
| Financial income | 75/76B | €368 | €2,005 | +€1,637 | +445% |
| Recurring financial income | 75 | €368 | €2,005 | +€1,637 | +445% |
| Financial charges | 65/66B | €726 | €723 | -€3 | -0.5% |
| Recurring financial charges | 65 | €726 | €723 | -€3 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €94,791 | €114,476 | +€19,685 | +20.8% |
| Income taxes | 67/77 | €28,228 | €35,781 | +€7,553 | +26.8% |
| Profit (loss) for the period | 9904 | €66,564 | €78,695 | +€12,132 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,564 | €78,695 | +€12,132 | +18.2% |
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 14 October 2026 via checked.be.