DR. LANCKMANS: 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. LANCKMANS
Largest movements
- Tangible fixed assets -€35,176
down €35,176 (-30.2%), from €116,330 to €81,154
of which Land and buildings: -€19,034
- Cash +€10,773
up €10,773 (+2.7%), from €400,302 to €411,075
mainly Net result for the year (+€59,739) and Depreciation (+€47,096)
- Reserves +€59,739
up €59,739 (+8.6%), from €691,751 to €751,490
of which Distributable reserves: +€59,739
- Tax, wage and social debts -€47,012
no longer reported in 2025 (was €47,012)
- Debts after one year -€21,448
down €21,448 (-51.2%), from €41,898 to €20,450
- Trade debts -€9,444
down €9,444 (-90.1%), from €10,479 to €1,035
- Gross operating margin -€115,481
down €115,481 (-48.2%), from €239,745 to €124,264
- Taxes -€37,525
down €37,525 (-61.1%), from €61,441 to €23,916
- Financial charges -€2,787
down €2,787 (-54.2%), from €5,139 to €2,352
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.
Cash bridge derived
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 | €824,124 | €806,823 | -€17,301 | -2.1% |
| Fixed assets | 21/28 | €168,158 | €132,983 | -€35,176 | -20.9% |
| Tangible fixed assets | 22/27 | €116,330 | €81,154 | -€35,176 | -30.2% |
| Land and buildings | 22 | €59,938 | €40,903 | -€19,034 | -31.8% |
| Plant, machinery and equipment | 23 | €4,774 | €1,800 | -€2,974 | -62.3% |
| Furniture and vehicles | 24 | €51,618 | €38,451 | -€13,167 | -25.5% |
| Financial fixed assets | 28 | €51,829 | €51,829 | = | 0.0% |
| Current assets | 29/58 | €655,965 | €673,840 | +€17,875 | +2.7% |
| Amounts receivable within one year | 40/41 | €255,281 | €260,092 | +€4,811 | +1.9% |
| Trade receivables | 40 | €59,018 | €3,517 | -€55,501 | -94.0% |
| Other amounts receivable | 41 | €196,263 | €256,575 | +€60,312 | +30.7% |
| Cash at bank and in hand | 54/58 | €400,302 | €411,075 | +€10,773 | +2.7% |
| Deferred charges and accrued income | 490/1 | €382 | €2,673 | +€2,291 | +599.0% |
| Total equity and liabilities | 10/49 | €824,124 | €806,823 | -€17,301 | -2.1% |
| Equity | 10/15 | €704,151 | €763,890 | +€59,739 | +8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €691,751 | €751,490 | +€59,739 | +8.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,953 | €25,953 | = | 0.0% |
| Distributable reserves | 133 | €663,938 | €723,676 | +€59,739 | +9.0% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €119,973 | €42,933 | -€77,040 | -64.2% |
| Amounts payable after more than one year | 17 | €41,898 | €20,450 | -€21,448 | -51.2% |
| Financial debts | 170/4 | €41,898 | €20,450 | -€21,448 | -51.2% |
| Amounts payable within one year | 42/48 | €78,075 | €22,483 | -€55,592 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €20,584 | €21,448 | +€863 | +4.2% |
| Trade debts | 44 | €10,479 | €1,035 | -€9,444 | -90.1% |
| Suppliers | 440/4 | €10,479 | €1,035 | -€9,444 | -90.1% |
| Taxes, remuneration and social security | 45 | €47,012 | - | -€47,012 | |
| Taxes | 450/3 | €47,012 | - | -€47,012 | |
| Remuneration, social security and pensions | 62 | €117 | - | -€117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,040 | €47,096 | +€55 | +0.1% |
| Other operating charges | 640/8 | €2,706 | €2,756 | +€50 | +1.9% |
| Non-recurring operating charges | 66A | €106 | €388 | +€282 | +266.3% |
| Gross operating margin | 9900 | €239,745 | €124,264 | -€115,481 | -48.2% |
| Operating profit (loss) | 9901 | €189,776 | €74,024 | -€115,751 | -61.0% |
| Financial income | 75/76B | €10,355 | €11,982 | +€1,627 | +15.7% |
| Recurring financial income | 75 | €10,355 | €11,982 | +€1,627 | +15.7% |
| Financial charges | 65/66B | €5,139 | €2,352 | -€2,787 | -54.2% |
| Recurring financial charges | 65 | €5,139 | €2,352 | -€2,787 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €194,992 | €83,655 | -€111,337 | -57.1% |
| Income taxes | 67/77 | €61,441 | €23,916 | -€37,525 | -61.1% |
| Profit (loss) for the period | 9904 | €133,551 | €59,739 | -€73,812 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €133,551 | €59,739 | -€73,812 | -55.3% |
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 10 October 2026 via checked.be.