Wim 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.
Wim Lambaerts
Largest movements
- Cash +€19,248
up €19,248 (+89.2%), from €21,567 to €40,815
mainly Net result for the year (+€14,813) and Tax, wage and social debts (+€2,036)
- Receivables within one year -€1,210
down €1,210 (-5.6%), from €21,780 to €20,570
- Tangible fixed assets -€655
down €655 (-62.5%), from €1,048 to €393
of which Furniture and vehicles: -€502
- Reserves +€11,000
up €11,000 (+75.4%), from €14,587 to €25,587
- Profit (loss) carried forward +€3,813
up €3,813, from -€3,175 to €638
- Tax, wage and social debts +€2,036
up €2,036 (+41.7%), from €4,881 to €6,917
- Gross operating margin +€42,096
up €42,096, from -€24,228 to €17,868
- Taxes +€1,503
up €1,503, from -€303 to €1,199
- Depreciation -€759
down €759 (-53.7%), from €1,414 to €655
- Other operating charges -€619
down €619 (-38.2%), from €1,620 to €1,002
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 | €45,213 | €62,641 | +€17,427 | +38.5% |
| Fixed assets | 21/28 | €1,048 | €393 | -€655 | -62.5% |
| Tangible fixed assets | 22/27 | €1,048 | €393 | -€655 | -62.5% |
| Furniture and vehicles | 24 | €590 | €87 | -€502 | -85.2% |
| Other tangible fixed assets | 26 | €458 | €305 | -€153 | -33.3% |
| Current assets | 29/58 | €44,166 | €62,248 | +€18,082 | +40.9% |
| Amounts receivable within one year | 40/41 | €21,780 | €20,570 | -€1,210 | -5.6% |
| Trade receivables | 40 | €21,780 | €20,570 | -€1,210 | -5.6% |
| Cash at bank and in hand | 54/58 | €21,567 | €40,815 | +€19,248 | +89.2% |
| Deferred charges and accrued income | 490/1 | €819 | €864 | +€45 | +5.5% |
| Total equity and liabilities | 10/49 | €45,213 | €62,641 | +€17,427 | +38.5% |
| Equity | 10/15 | €25,672 | €40,485 | +€14,813 | +57.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €14,587 | €25,587 | +€11,000 | +75.4% |
| Distributable reserves | 133 | €14,587 | €25,587 | +€11,000 | +75.4% |
| Profit (loss) carried forward | 14 | -€3,175 | €638 | +€3,813 | |
| Amounts payable | 17/49 | €19,542 | €22,156 | +€2,615 | +13.4% |
| Amounts payable within one year | 42/48 | €19,542 | €22,156 | +€2,615 | +13.4% |
| Trade debts | 44 | €754 | €1,145 | +€391 | +51.9% |
| Suppliers | 440/4 | €754 | €1,145 | +€391 | +51.9% |
| Taxes, remuneration and social security | 45 | €4,881 | €6,917 | +€2,036 | +41.7% |
| Taxes | 450/3 | €4,881 | €6,917 | +€2,036 | +41.7% |
| Other amounts payable | 47/48 | €13,907 | €14,094 | +€187 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,414 | €655 | -€759 | -53.7% |
| Other operating charges | 640/8 | €1,620 | €1,002 | -€619 | -38.2% |
| Gross operating margin | 9900 | -€24,228 | €17,868 | +€42,096 | |
| Operating profit (loss) | 9901 | -€27,262 | €16,212 | +€43,474 | |
| Financial charges | 65/66B | €180 | €200 | +€19 | +10.7% |
| Recurring financial charges | 65 | €180 | €200 | +€19 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,443 | €16,012 | +€43,455 | |
| Income taxes | 67/77 | -€303 | €1,199 | +€1,503 | |
| Profit (loss) for the period | 9904 | -€27,139 | €14,813 | +€41,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,139 | €14,813 | +€41,952 |
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.