VERWIMP - LAMBAERTS: 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.
VERWIMP - LAMBAERTS
Largest movements
- Tangible fixed assets -€28,762
down €28,762 (-10.5%), from €274,561 to €245,800
of which Furniture and vehicles: -€35,581
- Cash -€17,057
down €17,057 (-53.7%), from €31,761 to €14,705
mainly Investment in fixed assets (net) (-€57,426) and Tax, wage and social debts (-€39,462)
- Current investments -€10,000
down €10,000 (-4.0%), from €250,000 to €240,000
- Receivables within one year +€8,960
up €8,960 (+24.0%), from €37,282 to €46,242
of which Trade receivables: +€5,333
- Tax, wage and social debts -€39,462
down €39,462 (-59.2%), from €66,698 to €27,236
of which Taxes: -€31,959
- Reserves -€17,413
down €17,413 (-3.6%), from €481,240 to €463,826
of which Distributable reserves: -€17,413
- Current portion of long-term debt +€11,158
up €11,158 (+70.6%), from €15,812 to €26,971
- Gross operating margin -€57,030
down €57,030 (-17.0%), from €335,867 to €278,836
- Staff costs -€20,029
down €20,029 (-11.1%), from €180,032 to €160,003
- Taxes -€10,988
down €10,988 (-53.8%), from €20,417 to €9,429
- Depreciation +€3,908
up €3,908 (+4.7%), from €82,279 to €86,187
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 | €613,479 | €569,456 | -€44,023 | -7.2% |
| Fixed assets | 21/28 | €274,908 | €246,147 | -€28,762 | -10.5% |
| Tangible fixed assets | 22/27 | €274,561 | €245,800 | -€28,762 | -10.5% |
| Plant, machinery and equipment | 23 | €60,709 | €67,528 | +€6,820 | +11.2% |
| Furniture and vehicles | 24 | €213,853 | €178,272 | -€35,581 | -16.6% |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €338,571 | €323,309 | -€15,261 | -4.5% |
| Stocks and contracts in progress | 3 | €19,219 | €21,258 | +€2,039 | +10.6% |
| Stocks | 30/36 | €19,219 | €21,258 | +€2,039 | +10.6% |
| Amounts receivable within one year | 40/41 | €37,282 | €46,242 | +€8,960 | +24.0% |
| Trade receivables | 40 | €36,657 | €41,990 | +€5,333 | +14.5% |
| Other amounts receivable | 41 | €625 | €4,252 | +€3,627 | +580% |
| Current investments | 50/53 | €250,000 | €240,000 | -€10,000 | -4.0% |
| Cash at bank and in hand | 54/58 | €31,761 | €14,705 | -€17,057 | -53.7% |
| Deferred charges and accrued income | 490/1 | €308 | €1,105 | +€796 | +258% |
| Total equity and liabilities | 10/49 | €613,479 | €569,456 | -€44,023 | -7.2% |
| Equity | 10/15 | €494,882 | €477,468 | -€17,413 | -3.5% |
| Contributions | 10/11 | €13,642 | €13,642 | = | 0.0% |
| Reserves | 13 | €481,240 | €463,826 | -€17,413 | -3.6% |
| Tax-exempt reserves | 132 | €7,587 | €7,587 | = | 0.0% |
| Distributable reserves | 133 | €473,653 | €456,240 | -€17,413 | -3.7% |
| Amounts payable | 17/49 | €118,598 | €91,988 | -€26,610 | -22.4% |
| Amounts payable after more than one year | 17 | €26,950 | €28,690 | +€1,740 | +6.5% |
| Financial debts | 170/4 | €26,950 | €28,690 | +€1,740 | +6.5% |
| Amounts payable within one year | 42/48 | €91,276 | €62,926 | -€28,350 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €15,812 | €26,971 | +€11,158 | +70.6% |
| Trade debts | 44 | €8,328 | €8,332 | +€4 | 0.0% |
| Suppliers | 440/4 | €8,328 | €8,332 | +€4 | 0.0% |
| Taxes, remuneration and social security | 45 | €66,698 | €27,236 | -€39,462 | -59.2% |
| Taxes | 450/3 | €47,334 | €15,374 | -€31,959 | -67.5% |
| Remuneration and social security | 454/9 | €19,365 | €11,862 | -€7,503 | -38.7% |
| Other amounts payable | 47/48 | €437 | €387 | -€50 | -11.5% |
| Accrued charges and deferred income | 492/3 | €372 | €372 | = | 0.0% |
| Non-recurring operating income | 76A | €8,534 | €800 | -€7,734 | -90.6% |
| Remuneration, social security and pensions | 62 | €180,032 | €160,003 | -€20,029 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,279 | €86,187 | +€3,908 | +4.7% |
| Other operating charges | 640/8 | €3,143 | €2,474 | -€669 | -21.3% |
| Gross operating margin | 9900 | €335,867 | €278,836 | -€57,030 | -17.0% |
| Operating profit (loss) | 9901 | €70,412 | €30,172 | -€40,240 | -57.1% |
| Financial income | 75/76B | €2,471 | €2,621 | +€150 | +6.1% |
| Recurring financial income | 75 | €2,471 | €2,621 | +€150 | +6.1% |
| Financial charges | 65/66B | €2,395 | €1,948 | -€446 | -18.6% |
| Recurring financial charges | 65 | €2,395 | €1,948 | -€446 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €70,489 | €30,845 | -€39,644 | -56.2% |
| Income taxes | 67/77 | €20,417 | €9,429 | -€10,988 | -53.8% |
| Profit (loss) for the period | 9904 | €50,072 | €21,417 | -€28,655 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,072 | €21,417 | -€28,655 | -57.2% |
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 31 October 2026 via checked.be.