Roger Lammertyn: 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.
What changed
Roger Lammertyn
NACE 24.100, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€318
2024 · -€18,194+€17,876
Equity
€470,016
2024 · €470,333-€318
Cash
€13,785
2024 · €12,664+€1,121
Balance sheet total
€1.2m
2024 · €1.2m-€59,141
Largest movements
Assets
- Tangible fixed assets -€69,961
down €69,961 (-6.2%), from €1.1m to €1.1m
Equity and liabilities
- Debts after one year -€54,316
down €54,316 (-7.8%), from €698,519 to €644,203
Income statement
- Depreciation -€14,606
down €14,606 (-17.3%), from €84,568 to €69,961
- Gross operating margin +€2,485
up €2,485 (+2.9%), from €85,897 to €88,383
- Financial charges -€1,043
down €1,043 (-10.7%), from €9,764 to €8,721
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.
Result 2024
-€18,194
Gross operating margin
+€2,485
Depreciation
+€14,606
Other operating charges
-€459
Financial income
+€201
Financial charges
+€1,043
Result 2025
-€318
raises the resultlowers the result
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.
From operations
+€60,154
Investment
€0
Financing
-€59,033
Cash 2024
€12,664
From operations (derived)
+€60,154
Net result for the year
-€318
Depreciation
+€69,961
Receivables within one year
-€9,476
Deferred charges and accrued income
-€224
Accrued charges and deferred income
+€210
Financing
-€59,033
Debts after one year
-€54,316
Current portion of long-term debt
-€4,717
Cash 2025
€13,785
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,234,271 | €1,175,130 | -€59,141 | -4.8% |
| Fixed assets | 21/28 | €1,136,897 | €1,066,936 | -€69,961 | -6.2% |
| Tangible fixed assets | 22/27 | €1,136,897 | €1,066,936 | -€69,961 | -6.2% |
| Land and buildings | 22 | €1,136,897 | €1,066,936 | -€69,961 | -6.2% |
| Current assets | 29/58 | €97,373 | €108,194 | +€10,821 | +11.1% |
| Amounts receivable within one year | 40/41 | €77,298 | €86,773 | +€9,476 | +12.3% |
| Other amounts receivable | 41 | €77,298 | €86,773 | +€9,476 | +12.3% |
| Cash at bank and in hand | 54/58 | €12,664 | €13,785 | +€1,121 | +8.9% |
| Deferred charges and accrued income | 490/1 | €7,412 | €7,636 | +€224 | +3.0% |
| Total equity and liabilities | 10/49 | €1,234,271 | €1,175,130 | -€59,141 | -4.8% |
| Equity | 10/15 | €470,333 | €470,016 | -€318 | -0.1% |
| Contributions | 10/11 | €276,943 | €276,943 | = | 0.0% |
| Capital | 10 | €276,943 | €276,943 | = | 0.0% |
| Issued capital | 100 | €276,943 | €276,943 | = | 0.0% |
| Reserves | 13 | €56,041 | €56,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,694 | €27,694 | = | 0.0% |
| Legal reserve | 130 | €27,694 | €27,694 | = | 0.0% |
| Tax-exempt reserves | 132 | €103 | €103 | = | 0.0% |
| Distributable reserves | 133 | €28,244 | €28,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,349 | €137,032 | -€318 | -0.2% |
| Amounts payable | 17/49 | €763,937 | €705,114 | -€58,823 | -7.7% |
| Amounts payable after more than one year | 17 | €698,519 | €644,203 | -€54,316 | -7.8% |
| Financial debts | 170/4 | €698,519 | €644,203 | -€54,316 | -7.8% |
| Amounts payable within one year | 42/48 | €59,033 | €54,316 | -€4,717 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €59,033 | €54,316 | -€4,717 | -8.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €6,385 | €6,595 | +€210 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,568 | €69,961 | -€14,606 | -17.3% |
| Other operating charges | 640/8 | €13,033 | €13,492 | +€459 | +3.5% |
| Gross operating margin | 9900 | €85,897 | €88,383 | +€2,485 | +2.9% |
| Operating profit (loss) | 9901 | -€11,703 | €4,930 | +€16,633 | |
| Financial income | 75/76B | €3,273 | €3,474 | +€201 | +6.1% |
| Recurring financial income | 75 | €3,273 | €3,474 | +€201 | +6.1% |
| Financial charges | 65/66B | €9,764 | €8,721 | -€1,043 | -10.7% |
| Recurring financial charges | 65 | €9,764 | €8,721 | -€1,043 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,194 | -€318 | +€17,876 | +98.3% |
| Profit (loss) for the period | 9904 | -€18,194 | -€318 | +€17,876 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,194 | -€318 | +€17,876 | +98.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.