VOYAGES LAMBERT - SWAAB: 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.
VOYAGES LAMBERT - SWAAB
Largest movements
- Cash -€21,678
down €21,678 (-27.4%), from €79,184 to €57,506
mainly Advances received (-€26,205) and Debts after one year (-€10,293)
- Receivables within one year -€7,022
down €7,022 (-8.7%), from €80,853 to €73,831
of which Trade receivables: -€13,757
- Advances received -€26,205
down €26,205 (-9.2%), from €284,579 to €258,374
- Debts after one year -€10,293
down €10,293 (-21.3%), from €48,286 to €37,993
of which Financial debts: -€10,293
- Trade debts +€9,704
up €9,704 (+1,593%), from €609 to €10,313
- Gross operating margin -€23,776
down €23,776 (-20.0%), from €118,874 to €95,098
- Staff costs +€11,302
up €11,302 (+14.8%), from €76,369 to €87,671
- Taxes -€3,000
down €3,000 (-68.6%), from €4,370 to €1,370
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 | €516,791 | €487,032 | -€29,759 | -5.8% |
| Fixed assets | 21/28 | €8,074 | €11,060 | +€2,986 | +37.0% |
| Intangible fixed assets | 21 | €776 | €388 | -€388 | -50.0% |
| Tangible fixed assets | 22/27 | €3,532 | €6,906 | +€3,374 | +95.5% |
| Plant, machinery and equipment | 23 | €1,070 | €5,273 | +€4,203 | +393% |
| Other tangible fixed assets | 26 | €2,462 | €1,633 | -€829 | -33.7% |
| Financial fixed assets | 28 | €3,766 | €3,766 | = | 0.0% |
| Current assets | 29/58 | €508,717 | €475,972 | -€32,745 | -6.4% |
| Amounts receivable within one year | 40/41 | €80,853 | €73,831 | -€7,022 | -8.7% |
| Trade receivables | 40 | €53,627 | €39,870 | -€13,757 | -25.7% |
| Other amounts receivable | 41 | €27,226 | €33,961 | +€6,735 | +24.7% |
| Cash at bank and in hand | 54/58 | €79,184 | €57,506 | -€21,678 | -27.4% |
| Deferred charges and accrued income | 490/1 | €348,680 | €344,635 | -€4,045 | -1.2% |
| Total equity and liabilities | 10/49 | €516,791 | €487,032 | -€29,759 | -5.8% |
| Equity | 10/15 | €159,008 | €158,595 | -€413 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €86,200 | €86,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,808 | €10,395 | -€413 | -3.8% |
| Amounts payable | 17/49 | €357,783 | €328,437 | -€29,346 | -8.2% |
| Amounts payable after more than one year | 17 | €48,286 | €37,993 | -€10,293 | -21.3% |
| Financial debts | 170/4 | €18,286 | €7,993 | -€10,293 | -56.3% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €305,361 | €290,444 | -€14,917 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €9,891 | €10,293 | +€402 | +4.1% |
| Trade debts | 44 | €609 | €10,313 | +€9,704 | +1,593% |
| Suppliers | 440/4 | €609 | €10,313 | +€9,704 | +1,593% |
| Advances received on contracts in progress | 46 | €284,579 | €258,374 | -€26,205 | -9.2% |
| Taxes, remuneration and social security | 45 | €10,282 | €11,464 | +€1,182 | +11.5% |
| Remuneration and social security | 454/9 | €10,282 | €11,464 | +€1,182 | +11.5% |
| Accrued charges and deferred income | 492/3 | €4,136 | - | -€4,136 | |
| Remuneration, social security and pensions | 62 | €76,369 | €87,671 | +€11,302 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,549 | €1,851 | +€302 | +19.5% |
| Other operating charges | 640/8 | €1,016 | €1,045 | +€29 | +2.9% |
| Gross operating margin | 9900 | €118,874 | €95,098 | -€23,776 | -20.0% |
| Operating profit (loss) | 9901 | €39,940 | €4,531 | -€35,409 | -88.7% |
| Financial income | 75/76B | - | €312 | +€312 | |
| Recurring financial income | 75 | - | €312 | +€312 | |
| Financial charges | 65/66B | €4,932 | €3,886 | -€1,046 | -21.2% |
| Recurring financial charges | 65 | €4,932 | €3,886 | -€1,046 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €35,008 | €957 | -€34,051 | -97.3% |
| Income taxes | 67/77 | €4,370 | €1,370 | -€3,000 | -68.6% |
| Profit (loss) for the period | 9904 | €30,638 | -€413 | -€31,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,638 | -€413 | -€31,051 |
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 30 October 2026 via checked.be.