STUDIO LAMMAS: what changed
Two fiscal 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.
STUDIO LAMMAS
Largest movements
- Cash +€35,738
up €35,738 (+113.6%), from €31,473 to €67,211
mainly Net result for the year (+€21,127) and Tax, wage and social debts (+€8,658)
- Intangible fixed assets +€7,178
new in 2025: €7,178
- Tangible fixed assets -€5,847
down €5,847 (-31.0%), from €18,857 to €13,010
of which Furniture and vehicles: -€4,855
- Deferred charges and accrued income +€3,780
up €3,780 (+215.2%), from €1,757 to €5,537
- Receivables within one year +€1,928
up €1,928 (+48.9%), from €3,946 to €5,874
- Reserves +€20,252
up €20,252 (+82.0%), from €24,709 to €44,961
- Tax, wage and social debts +€8,658
up €8,658 (+97.7%), from €8,858 to €17,516
- Trade debts +€4,285
up €4,285 (+1357.3%), from €316 to €4,601
- Current portion of long-term debt +€4,243
up €4,243 (+67.6%), from €6,274 to €10,517
- Debts after one year +€1,690
up €1,690 (+14.5%), from €11,618 to €13,308
- Depreciation +€5,698
up €5,698 (+223.3%), from €2,552 to €8,250
- Gross operating margin +€1,482
up €1,482 (+4.2%), from €35,134 to €36,616
- Financial charges +€1,180
up €1,180 (+284.2%), from €415 to €1,596
- Taxes -€700
down €700 (-10.8%), from €6,450 to €5,750
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 | €57,953 | €98,811 | +€40,857 | +70.5% |
| Formation expenses | 20 | €1,921 | €0 | -€1,921 | -100.0% |
| Fixed assets | 21/28 | €18,857 | €20,188 | +€1,331 | +7.1% |
| Intangible fixed assets | 21 | - | €7,178 | +€7,178 | |
| Tangible fixed assets | 22/27 | €18,857 | €13,010 | -€5,847 | -31.0% |
| Plant, machinery and equipment | 23 | €991 | €0 | -€991 | -100.0% |
| Furniture and vehicles | 24 | €17,865 | €13,010 | -€4,855 | -27.2% |
| Current assets | 29/58 | €37,176 | €78,623 | +€41,447 | +111.5% |
| Amounts receivable within one year | 40/41 | €3,946 | €5,874 | +€1,928 | +48.9% |
| Trade receivables | 40 | €3,946 | €5,874 | +€1,928 | +48.9% |
| Cash at bank and in hand | 54/58 | €31,473 | €67,211 | +€35,738 | +113.6% |
| Deferred charges and accrued income | 490/1 | €1,757 | €5,537 | +€3,780 | +215.2% |
| Total equity and liabilities | 10/49 | €57,953 | €98,811 | +€40,857 | +70.5% |
| Equity | 10/15 | €29,709 | €49,961 | +€20,252 | +68.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,709 | €44,961 | +€20,252 | +82.0% |
| Distributable reserves | 133 | €24,709 | €44,961 | +€20,252 | +82.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,244 | €48,849 | +€20,605 | +73.0% |
| Amounts payable after more than one year | 17 | €11,618 | €13,308 | +€1,690 | +14.5% |
| Financial debts | 170/4 | €11,618 | €13,308 | +€1,690 | +14.5% |
| Amounts payable within one year | 42/48 | €16,626 | €35,541 | +€18,915 | +113.8% |
| Current portion of amounts payable after more than one year | 42 | €6,274 | €10,517 | +€4,243 | +67.6% |
| Financial debts | 43 | €150 | €1,530 | +€1,380 | +920.5% |
| Credit institutions | 430/8 | €150 | €1,530 | +€1,380 | +920.5% |
| Trade debts | 44 | €316 | €4,601 | +€4,285 | +1357.3% |
| Suppliers | 440/4 | €316 | €4,601 | +€4,285 | +1357.3% |
| Taxes, remuneration and social security | 45 | €8,858 | €17,516 | +€8,658 | +97.7% |
| Taxes | 450/3 | €8,858 | €17,516 | +€8,658 | +97.7% |
| Other amounts payable | 47/48 | €1,028 | €1,377 | +€349 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,552 | €8,250 | +€5,698 | +223.3% |
| Other operating charges | 640/8 | €169 | €127 | -€42 | -24.8% |
| Gross operating margin | 9900 | €35,134 | €36,616 | +€1,482 | +4.2% |
| Operating profit (loss) | 9901 | €32,414 | €28,239 | -€4,175 | -12.9% |
| Financial income | 75/76B | €35 | €233 | +€199 | +568.0% |
| Recurring financial income | 75 | €35 | €233 | +€199 | +568.0% |
| Financial charges | 65/66B | €415 | €1,596 | +€1,180 | +284.2% |
| Recurring financial charges | 65 | €415 | €1,596 | +€1,180 | +284.2% |
| Profit (loss) for the period before taxes | 9903 | €32,034 | €26,877 | -€5,157 | -16.1% |
| Income taxes | 67/77 | €6,450 | €5,750 | -€700 | -10.8% |
| Profit (loss) for the period | 9904 | €25,584 | €21,127 | -€4,457 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,584 | €21,127 | -€4,457 | -17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.