WILLY LAMOT: 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.
WILLY LAMOT
Largest movements
- Current investments -€130,000
down €130,000 (-100%), from €130,000 to €0
- Cash +€104,217
up €104,217 (+36.8%), from €282,922 to €387,139
mainly Debts after one year (+€229,043) and Current investments (+€130,000)
- Stocks and contracts +€28,507
up €28,507 (+4.8%), from €596,503 to €625,010
- Tangible fixed assets -€26,609
down €26,609 (-10.1%), from €262,557 to €235,948
- Reserves -€389,562
down €389,562 (-45.1%), from €863,429 to €473,868
of which Distributable reserves: -€389,562
- Debts after one year +€229,043
new in 2025: €229,043
- Other debts +€100,000
new in 2025: €100,000
- Current portion of long-term debt +€56,968
new in 2025: €56,968
- Trade debts -€23,902
down €23,902 (-29.5%), from €81,018 to €57,116
- Gross operating margin -€44,954
down €44,954 (-11.5%), from €390,896 to €345,942
- Staff costs -€14,880
down €14,880 (-5.2%), from €284,223 to €269,344
- Financial income +€11,674
up €11,674 (+53.8%), from €21,706 to €33,380
- Write-downs +€11,480
new in 2025: €11,480
- Depreciation -€8,987
down €8,987 (-22.8%), from €39,375 to €30,387
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 | €1,388,272 | €1,369,482 | -€18,790 | -1.4% |
| Fixed assets | 21/28 | €262,597 | €236,944 | -€25,652 | -9.8% |
| Intangible fixed assets | 21 | €0 | €956 | +€956 | |
| Tangible fixed assets | 22/27 | €262,557 | €235,948 | -€26,609 | -10.1% |
| Land and buildings | 22 | €224,943 | €213,353 | -€11,590 | -5.2% |
| Plant, machinery and equipment | 23 | €5,043 | €2,628 | -€2,415 | -47.9% |
| Furniture and vehicles | 24 | €25,003 | €16,612 | -€8,391 | -33.6% |
| Other tangible fixed assets | 26 | €7,568 | €3,356 | -€4,212 | -55.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €1,125,676 | €1,132,538 | +€6,862 | +0.6% |
| Stocks and contracts in progress | 3 | €596,503 | €625,010 | +€28,507 | +4.8% |
| Stocks | 30/36 | €596,503 | €625,010 | +€28,507 | +4.8% |
| Amounts receivable within one year | 40/41 | €106,362 | €104,987 | -€1,374 | -1.3% |
| Trade receivables | 40 | €100,362 | €99,344 | -€1,018 | -1.0% |
| Other amounts receivable | 41 | €6,000 | €5,643 | -€357 | -5.9% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100% |
| Cash at bank and in hand | 54/58 | €282,922 | €387,139 | +€104,217 | +36.8% |
| Deferred charges and accrued income | 490/1 | €9,889 | €15,400 | +€5,512 | +55.7% |
| Total equity and liabilities | 10/49 | €1,388,272 | €1,369,482 | -€18,790 | -1.4% |
| Equity | 10/15 | €1,242,423 | €852,861 | -€389,562 | -31.4% |
| Contributions | 10/11 | €359,400 | €359,400 | = | 0.0% |
| Revaluation surpluses | 12 | €19,594 | €19,594 | = | 0.0% |
| Reserves | 13 | €863,429 | €473,868 | -€389,562 | -45.1% |
| Tax-exempt reserves | 132 | €65,380 | €65,380 | = | 0.0% |
| Distributable reserves | 133 | €798,049 | €408,488 | -€389,562 | -48.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €145,849 | €516,621 | +€370,771 | +254% |
| Amounts payable after more than one year | 17 | - | €229,043 | +€229,043 | |
| Financial debts | 170/4 | - | €229,043 | +€229,043 | |
| Amounts payable within one year | 42/48 | €144,940 | €263,448 | +€118,508 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | - | €56,968 | +€56,968 | |
| Trade debts | 44 | €81,018 | €57,116 | -€23,902 | -29.5% |
| Suppliers | 440/4 | €81,018 | €57,116 | -€23,902 | -29.5% |
| Taxes, remuneration and social security | 45 | €63,923 | €49,365 | -€14,558 | -22.8% |
| Taxes | 450/3 | €29,007 | €21,401 | -€7,607 | -26.2% |
| Remuneration and social security | 454/9 | €34,915 | €27,964 | -€6,951 | -19.9% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €909 | €24,130 | +€23,221 | +2,554% |
| Remuneration, social security and pensions | 62 | €284,223 | €269,344 | -€14,880 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,375 | €30,387 | -€8,987 | -22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,480 | +€11,480 | |
| Other operating charges | 640/8 | €14,699 | €15,785 | +€1,085 | +7.4% |
| Non-recurring operating charges | 66A | €770 | €1,224 | +€454 | +58.9% |
| Gross operating margin | 9900 | €390,896 | €345,942 | -€44,954 | -11.5% |
| Operating profit (loss) | 9901 | €51,829 | €17,722 | -€34,107 | -65.8% |
| Financial income | 75/76B | €21,706 | €33,380 | +€11,674 | +53.8% |
| Recurring financial income | 75 | €21,706 | €33,380 | +€11,674 | +53.8% |
| Financial charges | 65/66B | €36,228 | €36,754 | +€526 | +1.5% |
| Recurring financial charges | 65 | €36,228 | €36,754 | +€526 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €37,307 | €14,348 | -€22,959 | -61.5% |
| Income taxes | 67/77 | €9,830 | €3,910 | -€5,920 | -60.2% |
| Profit (loss) for the period | 9904 | €27,477 | €10,438 | -€17,039 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,477 | €10,438 | -€17,039 | -62.0% |
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 25 October 2026 via checked.be.