DR. G. VAN LANCKER: 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.
DR. G. VAN LANCKER
Largest movements
- Receivables within one year +€53,022
up €53,022 (+40.9%), from €129,553 to €182,575
of which Other amounts receivable: +€29,903
- Cash +€3,108
up €3,108 (+3,449%), from €90 to €3,198
mainly Net result for the year (+€39,600) and Accrued charges and deferred income (+€14,965)
- Reserves +€52,201
up €52,201 (+68.3%), from €76,463 to €128,664
- Accrued charges and deferred income +€14,965
up €14,965 (+1,042%), from €1,436 to €16,402
- Tax, wage and social debts +€14,036
up €14,036 (+253%), from €5,541 to €19,577
- Profit (loss) carried forward -€12,601
no longer reported in 2025 (was €12,601)
- Trade debts -€10,592
down €10,592 (-70.3%), from €15,070 to €4,478
- Gross operating margin +€25,245
up €25,245 (+94.3%), from €26,769 to €52,015
- Taxes +€8,531
up €8,531 (+145%), from €5,888 to €14,419
- Other operating charges -€3,093
down €3,093 (-87.9%), from €3,519 to €427
- Financial income +€1,526
up €1,526 (+115%), from €1,324 to €2,850
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 | €131,112 | €189,121 | +€58,010 | +44.2% |
| Fixed assets | 21/28 | €98 | €450 | +€352 | +359% |
| Tangible fixed assets | 22/27 | €98 | €450 | +€352 | +359% |
| Plant, machinery and equipment | 23 | - | €450 | +€450 | |
| Furniture and vehicles | 24 | €98 | - | -€98 | |
| Current assets | 29/58 | €131,014 | €188,671 | +€57,657 | +44.0% |
| Amounts receivable within one year | 40/41 | €129,553 | €182,575 | +€53,022 | +40.9% |
| Trade receivables | 40 | €29,053 | €52,173 | +€23,119 | +79.6% |
| Other amounts receivable | 41 | €100,500 | €130,403 | +€29,903 | +29.8% |
| Cash at bank and in hand | 54/58 | €90 | €3,198 | +€3,108 | +3,449% |
| Deferred charges and accrued income | 490/1 | €1,370 | €2,897 | +€1,527 | +111% |
| Total equity and liabilities | 10/49 | €131,112 | €189,121 | +€58,010 | +44.2% |
| Equity | 10/15 | €109,064 | €148,664 | +€39,600 | +36.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €76,463 | €128,664 | +€52,201 | +68.3% |
| Distributable reserves | 133 | €76,463 | €128,664 | +€52,201 | +68.3% |
| Profit (loss) carried forward | 14 | €12,601 | - | -€12,601 | |
| Amounts payable | 17/49 | €22,048 | €40,457 | +€18,410 | +83.5% |
| Amounts payable within one year | 42/48 | €20,611 | €24,056 | +€3,444 | +16.7% |
| Trade debts | 44 | €15,070 | €4,478 | -€10,592 | -70.3% |
| Suppliers | 440/4 | €15,070 | €4,478 | -€10,592 | -70.3% |
| Taxes, remuneration and social security | 45 | €5,541 | €19,577 | +€14,036 | +253% |
| Taxes | 450/3 | €5,541 | €19,577 | +€14,036 | +253% |
| Accrued charges and deferred income | 492/3 | €1,436 | €16,402 | +€14,965 | +1,042% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €292 | -€10 | -3.4% |
| Other operating charges | 640/8 | €3,519 | €427 | -€3,093 | -87.9% |
| Gross operating margin | 9900 | €26,769 | €52,015 | +€25,245 | +94.3% |
| Operating profit (loss) | 9901 | €22,948 | €51,296 | +€28,348 | +124% |
| Financial income | 75/76B | €1,324 | €2,850 | +€1,526 | +115% |
| Recurring financial income | 75 | €1,324 | €2,850 | +€1,526 | +115% |
| Financial charges | 65/66B | €148 | €127 | -€21 | -14.2% |
| Recurring financial charges | 65 | €148 | €127 | -€21 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €24,123 | €54,019 | +€29,896 | +124% |
| Income taxes | 67/77 | €5,888 | €14,419 | +€8,531 | +145% |
| Profit (loss) for the period | 9904 | €18,235 | €39,600 | +€21,365 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €18,235 | €39,600 | +€21,365 | +117% |
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 14 October 2026 via checked.be.