DR VIKTOR LANNOY: 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 VIKTOR LANNOY
Largest movements
- Tangible fixed assets +€20,567
new in 2025: €20,567
of which Furniture and vehicles: +€18,534
- Receivables within one year -€17,752
down €17,752 (-93.4%), from €19,004 to €1,252
- Cash +€12,881
up €12,881 (+24.8%), from €51,924 to €64,805
mainly Net result for the year (+€59,142) and Receivables within one year (+€17,752)
- Deferred charges and accrued income +€2,279
up €2,279 (+16.8%), from €13,597 to €15,876
- Reserves +€58,309
up €58,309 (+281%), from €20,726 to €79,035
- Other debts -€41,667
down €41,667 (-98.0%), from €42,500 to €833
- Gross operating margin -€4,349
down €4,349 (-5.2%), from €83,016 to €78,667
- Depreciation +€1,404
new in 2025: €1,404
- Other operating charges -€915
down €915 (-42.3%), from €2,160 to €1,245
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 | €84,525 | €102,500 | +€17,975 | +21.3% |
| Fixed assets | 21/28 | - | €20,567 | +€20,567 | |
| Tangible fixed assets | 22/27 | - | €20,567 | +€20,567 | |
| Plant, machinery and equipment | 23 | - | €2,033 | +€2,033 | |
| Furniture and vehicles | 24 | - | €18,534 | +€18,534 | |
| Current assets | 29/58 | €84,525 | €81,933 | -€2,592 | -3.1% |
| Amounts receivable within one year | 40/41 | €19,004 | €1,252 | -€17,752 | -93.4% |
| Other amounts receivable | 41 | €19,004 | €1,252 | -€17,752 | -93.4% |
| Cash at bank and in hand | 54/58 | €51,924 | €64,805 | +€12,881 | +24.8% |
| Deferred charges and accrued income | 490/1 | €13,597 | €15,876 | +€2,279 | +16.8% |
| Total equity and liabilities | 10/49 | €84,525 | €102,500 | +€17,975 | +21.3% |
| Equity | 10/15 | €24,726 | €83,035 | +€58,309 | +236% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,726 | €79,035 | +€58,309 | +281% |
| Distributable reserves | 133 | €20,726 | €79,035 | +€58,309 | +281% |
| Amounts payable | 17/49 | €59,800 | €19,466 | -€40,334 | -67.4% |
| Amounts payable within one year | 42/48 | €59,800 | €18,835 | -€40,965 | -68.5% |
| Financial debts | 43 | - | €768 | +€768 | |
| Credit institutions | 430/8 | - | €768 | +€768 | |
| Trade debts | 44 | €942 | €1,223 | +€281 | +29.9% |
| Suppliers | 440/4 | €942 | €1,223 | +€281 | +29.9% |
| Taxes, remuneration and social security | 45 | €16,358 | €16,010 | -€347 | -2.1% |
| Taxes | 450/3 | €16,358 | €16,010 | -€347 | -2.1% |
| Other amounts payable | 47/48 | €42,500 | €833 | -€41,667 | -98.0% |
| Accrued charges and deferred income | 492/3 | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,404 | +€1,404 | |
| Other operating charges | 640/8 | €2,160 | €1,245 | -€915 | -42.3% |
| Gross operating margin | 9900 | €83,016 | €78,667 | -€4,349 | -5.2% |
| Operating profit (loss) | 9901 | €80,856 | €76,017 | -€4,839 | -6.0% |
| Financial income | 75/76B | €266 | €844 | +€579 | +218% |
| Recurring financial income | 75 | €266 | €844 | +€579 | +218% |
| Financial charges | 65/66B | €1,539 | €1,709 | +€171 | +11.1% |
| Recurring financial charges | 65 | €1,539 | €1,709 | +€171 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €79,583 | €75,152 | -€4,431 | -5.6% |
| Income taxes | 67/77 | €16,358 | €16,010 | -€347 | -2.1% |
| Profit (loss) for the period | 9904 | €63,226 | €59,142 | -€4,083 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,226 | €59,142 | -€4,083 | -6.5% |
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 26 October 2026 via checked.be.