VOEDERS LAMBRECHT: 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.
VOEDERS LAMBRECHT
Largest movements
- Stocks and contracts +€650,923
up €650,923 (+232%), from €280,765 to €931,688
- Cash -€46,008
down €46,008 (-85.6%), from €53,734 to €7,726
mainly Stocks and contracts (-€650,923) and Receivables within one year (-€31,991)
- Receivables within one year +€31,991
up €31,991 (+9.7%), from €330,751 to €362,742
of which Trade receivables: +€19,430
- Trade debts +€314,848
up €314,848 (+115%), from €272,845 to €587,693
- Debts after one year +€119,088
new in 2025: €119,088
- Short-term financial debts +€75,000
up €75,000 (+60.0%), from €125,000 to €200,000
- Current portion of long-term debt +€64,998
new in 2025: €64,998
- Profit (loss) carried forward +€53,695
up €53,695 (+67.1%), from €79,976 to €133,671
- Gross operating margin +€33,503
up €33,503 (+61.8%), from €54,204 to €87,707
- Taxes +€8,893
up €8,893 (+80.1%), from €11,096 to €19,989
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 | €665,623 | €1,302,529 | +€636,906 | +95.7% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €665,623 | €1,302,529 | +€636,906 | +95.7% |
| Stocks and contracts in progress | 3 | €280,765 | €931,688 | +€650,923 | +232% |
| Stocks | 30/36 | €280,765 | €931,688 | +€650,923 | +232% |
| Amounts receivable within one year | 40/41 | €330,751 | €362,742 | +€31,991 | +9.7% |
| Trade receivables | 40 | €330,751 | €350,181 | +€19,430 | +5.9% |
| Other amounts receivable | 41 | - | €12,562 | +€12,562 | |
| Cash at bank and in hand | 54/58 | €53,734 | €7,726 | -€46,008 | -85.6% |
| Deferred charges and accrued income | 490/1 | €373 | €373 | = | 0.0% |
| Total equity and liabilities | 10/49 | €665,623 | €1,302,529 | +€636,906 | +95.7% |
| Equity | 10/15 | €201,990 | €255,686 | +€53,695 | +26.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €60,041 | €60,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €47,844 | €47,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,976 | €133,671 | +€53,695 | +67.1% |
| Amounts payable | 17/49 | €463,633 | €1,046,844 | +€583,211 | +126% |
| Amounts payable after more than one year | 17 | - | €119,088 | +€119,088 | |
| Financial debts | 170/4 | - | €119,088 | +€119,088 | |
| Amounts payable within one year | 42/48 | €463,633 | €927,755 | +€464,122 | +100% |
| Current portion of amounts payable after more than one year | 42 | - | €64,998 | +€64,998 | |
| Financial debts | 43 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Credit institutions | 430/8 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Trade debts | 44 | €272,845 | €587,693 | +€314,848 | +115% |
| Suppliers | 440/4 | €272,845 | €587,693 | +€314,848 | +115% |
| Taxes, remuneration and social security | 45 | €12,328 | €20,002 | +€7,673 | +62.2% |
| Taxes | 450/3 | €12,328 | €20,002 | +€7,673 | +62.2% |
| Other amounts payable | 47/48 | €53,460 | €55,063 | +€1,604 | +3.0% |
| Other operating charges | 640/8 | €1,028 | €703 | -€325 | -31.6% |
| Gross operating margin | 9900 | €54,204 | €87,707 | +€33,503 | +61.8% |
| Operating profit (loss) | 9901 | €53,176 | €87,004 | +€33,828 | +63.6% |
| Financial charges | 65/66B | €12,531 | €13,320 | +€789 | +6.3% |
| Recurring financial charges | 65 | €12,531 | €13,320 | +€789 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €40,645 | €73,685 | +€33,040 | +81.3% |
| Income taxes | 67/77 | €11,096 | €19,989 | +€8,893 | +80.1% |
| Profit (loss) for the period | 9904 | €29,549 | €53,695 | +€24,147 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,549 | €53,695 | +€24,147 | +81.7% |
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 28 October 2026 via checked.be.