STEFAN LAMBERT: 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.
STEFAN LAMBERT
Largest movements
- Receivables within one year -€1,391
down €1,391 (-44.7%), from €3,110 to €1,719
of which Trade receivables: -€2,530
- Cash -€1,263
down €1,263 (-13.6%), from €9,313 to €8,050
mainly Trade debts (-€3,958) and Tax, wage and social debts (-€2,366)
- Tangible fixed assets -€211
down €211 (-3.8%), from €5,491 to €5,280
of which Furniture and vehicles: -€643
- Trade debts -€3,958
down €3,958 (-81.7%), from €4,846 to €888
- Profit (loss) carried forward +€3,615
up €3,615 (+49.1%), from €7,363 to €10,978
- Tax, wage and social debts -€2,366
down €2,366 (-85.9%), from €2,756 to €390
- Gross operating margin -€3,431
down €3,431 (-33.6%), from €10,198 to €6,767
- Depreciation +€1,163
up €1,163 (+275.9%), from €422 to €1,585
- Taxes -€942
down €942 (-46.8%), from €2,013 to €1,071
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.
Cash bridge derived
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 | €18,117 | €15,256 | -€2,861 | -15.8% |
| Fixed assets | 21/28 | €5,491 | €5,280 | -€211 | -3.8% |
| Tangible fixed assets | 22/27 | €5,491 | €5,280 | -€211 | -3.8% |
| Plant, machinery and equipment | 23 | - | €432 | +€432 | |
| Furniture and vehicles | 24 | €5,491 | €4,848 | -€643 | -11.7% |
| Current assets | 29/58 | €12,626 | €9,976 | -€2,650 | -21.0% |
| Amounts receivable within one year | 40/41 | €3,110 | €1,719 | -€1,391 | -44.7% |
| Trade receivables | 40 | €3,110 | €580 | -€2,530 | -81.4% |
| Other amounts receivable | 41 | - | €1,139 | +€1,139 | |
| Cash at bank and in hand | 54/58 | €9,313 | €8,050 | -€1,263 | -13.6% |
| Deferred charges and accrued income | 490/1 | €203 | €207 | +€4 | +1.8% |
| Total equity and liabilities | 10/49 | €18,117 | €15,256 | -€2,861 | -15.8% |
| Equity | 10/15 | €10,363 | €13,978 | +€3,615 | +34.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,363 | €10,978 | +€3,615 | +49.1% |
| Amounts payable | 17/49 | €7,754 | €1,278 | -€6,476 | -83.5% |
| Amounts payable within one year | 42/48 | €7,754 | €1,278 | -€6,476 | -83.5% |
| Trade debts | 44 | €4,846 | €888 | -€3,958 | -81.7% |
| Suppliers | 440/4 | €4,846 | €888 | -€3,958 | -81.7% |
| Taxes, remuneration and social security | 45 | €2,756 | €390 | -€2,366 | -85.9% |
| Taxes | 450/3 | €2,756 | €390 | -€2,366 | -85.9% |
| Other amounts payable | 47/48 | €153 | €0 | -€153 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €1,585 | +€1,163 | +275.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,198 | €6,767 | -€3,431 | -33.6% |
| Operating profit (loss) | 9901 | €9,389 | €4,783 | -€4,606 | -49.1% |
| Financial charges | 65/66B | €14 | €97 | +€83 | +609.5% |
| Recurring financial charges | 65 | €14 | €97 | +€83 | +609.5% |
| Profit (loss) for the period before taxes | 9903 | €9,376 | €4,686 | -€4,689 | -50.0% |
| Income taxes | 67/77 | €2,013 | €1,071 | -€942 | -46.8% |
| Profit (loss) for the period | 9904 | €7,363 | €3,615 | -€3,748 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,363 | €3,615 | -€3,748 | -50.9% |
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 9 October 2026 via checked.be.