DR. INE LANCKRIET: what changed
DR. INE LANCKRIET
Largest movements
- Cash +€61,337
new in 2025: €61,337
mainly Net result for the year (+€36,198) and Receivables within one year (+€25,020)
- Receivables within one year -€25,020
down €25,020 (-85.5%), from €29,273 to €4,253
of which Trade receivables: -€23,020
- Tangible fixed assets +€22,898
up €22,898 (+605%), from €3,786 to €26,685
of which Leasing and similar rights: +€23,682
- Receivables after one year +€15,000
new in 2025: €15,000
- Reserves +€36,198
up €36,198 (+203%), from €17,819 to €54,017
- Tax, wage and social debts +€13,678
up €13,678 (+306%), from €4,467 to €18,145
- Debts after one year +€13,585
new in 2025: €13,585
- Current portion of long-term debt +€8,163
new in 2025: €8,163
- Other debts +€5,495
up €5,495 (+6,868%), from €80 to €5,575
- Gross operating margin +€32,030
up €32,030 (+141%), from €22,688 to €54,719
- Depreciation +€6,573
up €6,573 (+5,035%), from €131 to €6,704
- Taxes +€5,773
up €5,773 (+129%), from €4,467 to €10,240
- Financial charges +€1,342
new in 2025: €1,342
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 | €33,059 | €107,274 | +€74,215 | +224% |
| Fixed assets | 21/28 | €3,786 | €26,685 | +€22,898 | +605% |
| Tangible fixed assets | 22/27 | €3,786 | €26,685 | +€22,898 | +605% |
| Plant, machinery and equipment | 23 | €2,807 | €2,226 | -€581 | -20.7% |
| Furniture and vehicles | 24 | €979 | €777 | -€203 | -20.7% |
| Leasing and similar rights | 25 | - | €23,682 | +€23,682 | |
| Current assets | 29/58 | €29,273 | €80,590 | +€51,317 | +175% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €29,273 | €4,253 | -€25,020 | -85.5% |
| Trade receivables | 40 | €27,273 | €4,253 | -€23,020 | -84.4% |
| Other amounts receivable | 41 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | - | €61,337 | +€61,337 | |
| Total equity and liabilities | 10/49 | €33,059 | €107,274 | +€74,215 | +224% |
| Equity | 10/15 | €19,819 | €56,017 | +€36,198 | +183% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,819 | €54,017 | +€36,198 | +203% |
| Distributable reserves | 133 | €17,819 | €54,017 | +€36,198 | +203% |
| Amounts payable | 17/49 | €13,240 | €51,257 | +€38,017 | +287% |
| Amounts payable after more than one year | 17 | - | €13,585 | +€13,585 | |
| Financial debts | 170/4 | - | €13,585 | +€13,585 | |
| Amounts payable within one year | 42/48 | €11,968 | €37,673 | +€25,705 | +215% |
| Current portion of amounts payable after more than one year | 42 | - | €8,163 | +€8,163 | |
| Trade debts | 44 | €7,421 | €5,790 | -€1,631 | -22.0% |
| Suppliers | 440/4 | €7,421 | €5,790 | -€1,631 | -22.0% |
| Taxes, remuneration and social security | 45 | €4,467 | €18,145 | +€13,678 | +306% |
| Taxes | 450/3 | €4,467 | €18,145 | +€13,678 | +306% |
| Other amounts payable | 47/48 | €80 | €5,575 | +€5,495 | +6,868% |
| Accrued charges and deferred income | 492/3 | €1,272 | €0 | -€1,272 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131 | €6,704 | +€6,573 | +5,035% |
| Other operating charges | 640/8 | €272 | €658 | +€386 | +142% |
| Gross operating margin | 9900 | €22,688 | €54,719 | +€32,030 | +141% |
| Operating profit (loss) | 9901 | €22,286 | €47,356 | +€25,071 | +112% |
| Financial income | 75/76B | - | €423 | +€423 | |
| Recurring financial income | 75 | - | €423 | +€423 | |
| Financial charges | 65/66B | - | €1,342 | +€1,342 | |
| Recurring financial charges | 65 | - | €1,342 | +€1,342 | |
| Profit (loss) for the period before taxes | 9903 | €22,286 | €46,438 | +€24,152 | +108% |
| Income taxes | 67/77 | €4,467 | €10,240 | +€5,773 | +129% |
| Profit (loss) for the period | 9904 | €17,819 | €36,198 | +€18,379 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €17,819 | €36,198 | +€18,379 | +103% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.