RENAAT LAMBEETS: 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.
RENAAT LAMBEETS
Largest movements
- Tangible fixed assets -€33,694
down €33,694 (-27.2%), from €123,914 to €90,220
of which Plant, machinery and equipment: -€22,961
- Cash -€9,174
down €9,174 (-20.3%), from €45,239 to €36,065
mainly Net result for the year (-€44,554) and Debts after one year (-€5,429)
- Receivables within one year -€6,097
down €6,097 (-17.8%), from €34,273 to €28,176
of which Other amounts receivable: -€15,283
- Deferred charges and accrued income -€4,817
down €4,817 (-95.4%), from €5,049 to €231
- Profit (loss) carried forward -€44,554
down €44,554, from €38,402 to -€6,152
- Debts after one year -€5,429
down €5,429 (-70.6%), from €7,691 to €2,262
- Trade debts -€2,759
down €2,759 (-54.5%), from €5,060 to €2,302
- Gross operating margin -€49,869
down €49,869, from €42,771 to -€7,099
- Depreciation -€4,210
down €4,210 (-10.5%), from €40,223 to €36,013
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 | €210,334 | €157,413 | -€52,922 | -25.2% |
| Fixed assets | 21/28 | €123,914 | €90,220 | -€33,694 | -27.2% |
| Tangible fixed assets | 22/27 | €123,914 | €90,220 | -€33,694 | -27.2% |
| Plant, machinery and equipment | 23 | €74,039 | €51,078 | -€22,961 | -31.0% |
| Furniture and vehicles | 24 | €49,874 | €39,142 | -€10,732 | -21.5% |
| Current assets | 29/58 | €86,421 | €67,193 | -€19,228 | -22.2% |
| Stocks and contracts in progress | 3 | €1,860 | €2,720 | +€860 | +46.2% |
| Stocks | 30/36 | €1,860 | €2,720 | +€860 | +46.2% |
| Amounts receivable within one year | 40/41 | €34,273 | €28,176 | -€6,097 | -17.8% |
| Trade receivables | 40 | €2,477 | €11,663 | +€9,186 | +371% |
| Other amounts receivable | 41 | €31,796 | €16,513 | -€15,283 | -48.1% |
| Cash at bank and in hand | 54/58 | €45,239 | €36,065 | -€9,174 | -20.3% |
| Deferred charges and accrued income | 490/1 | €5,049 | €231 | -€4,817 | -95.4% |
| Total equity and liabilities | 10/49 | €210,334 | €157,413 | -€52,922 | -25.2% |
| Equity | 10/15 | €191,810 | €147,256 | -€44,554 | -23.2% |
| Contributions | 10/11 | €81,408 | €81,408 | = | 0.0% |
| Reserves | 13 | €72,000 | €72,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,402 | -€6,152 | -€44,554 | |
| Amounts payable | 17/49 | €18,524 | €10,157 | -€8,368 | -45.2% |
| Amounts payable after more than one year | 17 | €7,691 | €2,262 | -€5,429 | -70.6% |
| Financial debts | 170/4 | €7,691 | €2,262 | -€5,429 | -70.6% |
| Amounts payable within one year | 42/48 | €10,833 | €7,894 | -€2,938 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €5,429 | €5,429 | = | 0.0% |
| Trade debts | 44 | €5,060 | €2,302 | -€2,759 | -54.5% |
| Suppliers | 440/4 | €5,060 | €2,302 | -€2,759 | -54.5% |
| Taxes, remuneration and social security | 45 | €343 | €164 | -€180 | -52.3% |
| Taxes | 450/3 | €343 | €164 | -€180 | -52.3% |
| Non-recurring operating income | 76A | - | €345 | +€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,223 | €36,013 | -€4,210 | -10.5% |
| Other operating charges | 640/8 | €634 | €670 | +€36 | +5.7% |
| Gross operating margin | 9900 | €42,771 | -€7,099 | -€49,869 | |
| Operating profit (loss) | 9901 | €1,914 | -€43,782 | -€45,695 | |
| Financial income | 75/76B | €0 | €124 | +€124 | +103,317% |
| Recurring financial income | 75 | €0 | €124 | +€124 | +103,317% |
| Financial charges | 65/66B | €1,160 | €733 | -€428 | -36.9% |
| Recurring financial charges | 65 | €1,160 | €733 | -€428 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €754 | -€44,390 | -€45,144 | |
| Income taxes | 67/77 | €164 | €164 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €590 | -€44,554 | -€45,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €590 | -€44,554 | -€45,144 |
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 18 October 2026 via checked.be.