Sven Lamote: 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.
Sven Lamote
Largest movements
- Cash +€95,422
up €95,422 (+48.3%), from €197,678 to €293,099
mainly Other debts (+€179,124) and Net result for the year (+€165,927)
- Current investments +€91,125
up €91,125 (+6.2%), from €1.5m to €1.6m
- Other debts +€179,124
up €179,124 (+21.6%), from €828,008 to €1.0m
- Gross operating margin +€49,202
up €49,202 (+16.4%), from €299,797 to €348,999
- Taxes +€28,359
up €28,359 (+49.9%), from €56,840 to €85,199
- Financial income -€15,149
down €15,149 (-38.8%), from €39,075 to €23,927
- Financial charges -€6,136
down €6,136 (-8.6%), from €71,111 to €64,975
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 | €1,756,992 | €1,921,105 | +€164,112 | +9.3% |
| Fixed assets | 21/28 | €86,933 | €68,593 | -€18,341 | -21.1% |
| Tangible fixed assets | 22/27 | €86,933 | €68,593 | -€18,341 | -21.1% |
| Plant, machinery and equipment | 23 | €1,501 | €1,197 | -€304 | -20.3% |
| Furniture and vehicles | 24 | €10,295 | €10,544 | +€250 | +2.4% |
| Other tangible fixed assets | 26 | €75,137 | €56,851 | -€18,286 | -24.3% |
| Current assets | 29/58 | €1,670,059 | €1,852,512 | +€182,453 | +10.9% |
| Amounts receivable within one year | 40/41 | €5,490 | €2,489 | -€3,001 | -54.7% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €2,990 | €2,489 | -€501 | -16.8% |
| Current investments | 50/53 | €1,465,799 | €1,556,924 | +€91,125 | +6.2% |
| Cash at bank and in hand | 54/58 | €197,678 | €293,099 | +€95,422 | +48.3% |
| Deferred charges and accrued income | 490/1 | €1,093 | - | -€1,093 | |
| Total equity and liabilities | 10/49 | €1,756,992 | €1,921,105 | +€164,112 | +9.3% |
| Equity | 10/15 | €820,278 | €833,705 | +€13,427 | +1.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €814,180 | €826,680 | +€12,500 | +1.5% |
| Distributable reserves | 133 | €814,180 | €826,680 | +€12,500 | +1.5% |
| Profit (loss) carried forward | 14 | €98 | €1,025 | +€927 | +948% |
| Amounts payable | 17/49 | €936,715 | €1,087,400 | +€150,685 | +16.1% |
| Amounts payable within one year | 42/48 | €866,065 | €1,028,974 | +€162,909 | +18.8% |
| Trade debts | 44 | €21,010 | €3,143 | -€17,867 | -85.0% |
| Suppliers | 440/4 | €21,010 | €3,143 | -€17,867 | -85.0% |
| Taxes, remuneration and social security | 45 | €17,047 | €18,700 | +€1,653 | +9.7% |
| Taxes | 450/3 | €17,047 | €18,700 | +€1,653 | +9.7% |
| Other amounts payable | 47/48 | €828,008 | €1,007,132 | +€179,124 | +21.6% |
| Accrued charges and deferred income | 492/3 | €70,649 | €58,426 | -€12,223 | -17.3% |
| Non-recurring operating income | 76A | €23,599 | - | -€23,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,143 | €23,392 | +€1,250 | +5.6% |
| Other operating charges | 640/8 | €36,188 | €33,433 | -€2,755 | -7.6% |
| Gross operating margin | 9900 | €299,797 | €348,999 | +€49,202 | +16.4% |
| Operating profit (loss) | 9901 | €241,467 | €292,174 | +€50,707 | +21.0% |
| Financial income | 75/76B | €39,075 | €23,927 | -€15,149 | -38.8% |
| Recurring financial income | 75 | €39,075 | €23,927 | -€15,149 | -38.8% |
| Financial charges | 65/66B | €71,111 | €64,975 | -€6,136 | -8.6% |
| Recurring financial charges | 65 | €71,111 | €64,975 | -€6,136 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €209,431 | €251,125 | +€41,695 | +19.9% |
| Income taxes | 67/77 | €56,840 | €85,199 | +€28,359 | +49.9% |
| Profit (loss) for the period | 9904 | €152,591 | €165,927 | +€13,336 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,591 | €165,927 | +€13,336 | +8.7% |
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 16 October 2026 via checked.be.