LAMMAT: what changed
LAMMAT
Largest movements
- Tangible fixed assets +€292,359
up €292,359 (+47,909%), from €610 to €292,969
of which Land and buildings: +€292,709
- Receivables within one year -€193,549
down €193,549 (-49.1%), from €394,151 to €200,601
of which Other amounts receivable: -€195,978
- Current investments -€52,430
down €52,430 (-95.2%), from €55,071 to €2,641
- Financial fixed assets +€47,955
up €47,955 (+1.6%), from €3.0m to €3.0m
- Short-term financial debts -€270,000
down €270,000 (-25.2%), from €1.1m to €800,000
- Debts after one year +€233,309
up €233,309 (+382%), from €61,111 to €294,420
- Other debts +€142,759
up €142,759 (+1,977%), from €7,223 to €149,982
- Reserves -€76,181
down €76,181 (-3.5%), from €2.2m to €2.1m
of which Distributable reserves: -€76,181
- Current portion of long-term debt +€56,269
up €56,269 (+56.2%), from €100,207 to €156,476
- Financial income -€1.1m
down €1.1m (-87.8%), from €1.2m to €151,518
of which Financial income: -€810,037
- Financial charges -€879,747
down €879,747 (-92.6%), from €950,356 to €70,609
of which Non-recurring financial charges: -€920,800
- Taxes -€31,903
down €31,903 (-45.4%), from €70,290 to €38,387
- Gross operating margin -€16,814
down €16,814 (-16.1%), from €104,683 to €87,870
- Depreciation +€3,791
up €3,791 (+1,084%), from €350 to €4,141
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,496,198 | €3,563,486 | +€67,288 | +1.9% |
| Fixed assets | 21/28 | €2,988,671 | €3,328,985 | +€340,314 | +11.4% |
| Tangible fixed assets | 22/27 | €610 | €292,969 | +€292,359 | +47,909% |
| Land and buildings | 22 | - | €292,709 | +€292,709 | |
| Furniture and vehicles | 24 | €610 | €261 | -€350 | -57.3% |
| Financial fixed assets | 28 | €2,988,060 | €3,036,016 | +€47,955 | +1.6% |
| Current assets | 29/58 | €507,527 | €234,501 | -€273,026 | -53.8% |
| Amounts receivable within one year | 40/41 | €394,151 | €200,601 | -€193,549 | -49.1% |
| Trade receivables | 40 | €16,734 | €19,163 | +€2,429 | +14.5% |
| Other amounts receivable | 41 | €377,416 | €181,438 | -€195,978 | -51.9% |
| Current investments | 50/53 | €55,071 | €2,641 | -€52,430 | -95.2% |
| Cash at bank and in hand | 54/58 | €56,268 | €29,473 | -€26,795 | -47.6% |
| Deferred charges and accrued income | 490/1 | €2,037 | €1,786 | -€252 | -12.4% |
| Total equity and liabilities | 10/49 | €3,496,198 | €3,563,486 | +€67,288 | +1.9% |
| Equity | 10/15 | €2,184,251 | €2,108,070 | -€76,181 | -3.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €2,184,151 | €2,107,970 | -€76,181 | -3.5% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €2,184,141 | €2,107,960 | -€76,181 | -3.5% |
| Amounts payable | 17/49 | €1,311,947 | €1,455,417 | +€143,470 | +10.9% |
| Amounts payable after more than one year | 17 | €61,111 | €294,420 | +€233,309 | +382% |
| Financial debts | 170/4 | €61,111 | €294,420 | +€233,309 | +382% |
| Amounts payable within one year | 42/48 | €1,250,837 | €1,146,048 | -€104,789 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €100,207 | €156,476 | +€56,269 | +56.2% |
| Financial debts | 43 | €1,070,000 | €800,000 | -€270,000 | -25.2% |
| Credit institutions | 430/8 | €1,070,000 | €800,000 | -€270,000 | -25.2% |
| Trade debts | 44 | €252 | €1,165 | +€913 | +362% |
| Suppliers | 440/4 | €252 | €1,165 | +€913 | +362% |
| Taxes, remuneration and social security | 45 | €73,155 | €38,425 | -€34,730 | -47.5% |
| Taxes | 450/3 | €73,155 | €38,425 | -€34,730 | -47.5% |
| Other amounts payable | 47/48 | €7,223 | €149,982 | +€142,759 | +1,977% |
| Accrued charges and deferred income | 492/3 | - | €14,949 | +€14,949 | |
| Non-recurring operating income | 76A | €46,472 | - | -€46,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €4,141 | +€3,791 | +1,084% |
| Other operating charges | 640/8 | €1,187 | €2,432 | +€1,245 | +105% |
| Gross operating margin | 9900 | €104,683 | €87,870 | -€16,814 | -16.1% |
| Operating profit (loss) | 9901 | €103,147 | €81,297 | -€21,850 | -21.2% |
| Financial income | 75/76B | €1,237,640 | €151,518 | -€1.1m | -87.8% |
| Recurring financial income | 75 | €961,556 | €151,518 | -€810,037 | -84.2% |
| Non-recurring financial income | 76B | €276,085 | - | -€276,085 | |
| Financial charges | 65/66B | €950,356 | €70,609 | -€879,747 | -92.6% |
| Recurring financial charges | 65 | €29,556 | €70,609 | +€41,053 | +139% |
| Non-recurring financial charges | 66B | €920,800 | - | -€920,800 | |
| Profit (loss) for the period before taxes | 9903 | €390,431 | €162,206 | -€228,225 | -58.5% |
| Income taxes | 67/77 | €70,290 | €38,387 | -€31,903 | -45.4% |
| Profit (loss) for the period | 9904 | €320,141 | €123,819 | -€196,322 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €320,141 | €123,819 | -€196,322 | -61.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.