Eric Lanis: what changed
Two fiscal 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.
Eric Lanis
Largest movements
- Stocks and contracts -€16,703
down €16,703 (-14.7%), from €113,406 to €96,703
- Cash +€12,018
up €12,018 (+34.9%), from €34,459 to €46,476
mainly Net result for the year (+€42,988) and Depreciation (+€33,455)
- Receivables within one year +€10,628
up €10,628 (+3.9%), from €271,404 to €282,033
of which Trade receivables: +€28,830
- Other debts +€25,967
new in 2025: €25,967
- Debts after one year -€19,605
down €19,605 (-10.9%), from €180,530 to €160,925
- Tax, wage and social debts -€17,043
down €17,043 (-76.9%), from €22,164 to €5,121
of which Remuneration and social security: -€13,744
- Reserves +€16,933
up €16,933 (+4.2%), from €403,637 to €420,571
- Gross operating margin +€65,057
up €65,057 (+21.0%), from €310,531 to €375,588
- Taxes +€15,066
up €15,066 (+681.2%), from €2,212 to €17,278
- Financial charges +€5,723
up €5,723 (+118.1%), from €4,848 to €10,570
- Depreciation -€5,495
down €5,495 (-14.1%), from €38,950 to €33,455
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 | €655,291 | €655,658 | +€367 | +0.1% |
| Fixed assets | 21/28 | €229,033 | €224,928 | -€4,105 | -1.8% |
| Tangible fixed assets | 22/27 | €226,533 | €222,428 | -€4,105 | -1.8% |
| Land and buildings | 22 | €170,758 | €156,817 | -€13,941 | -8.2% |
| Plant, machinery and equipment | 23 | €15,258 | €12,453 | -€2,805 | -18.4% |
| Furniture and vehicles | 24 | €40,518 | €53,158 | +€12,641 | +31.2% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €426,258 | €430,730 | +€4,472 | +1.0% |
| Stocks and contracts in progress | 3 | €113,406 | €96,703 | -€16,703 | -14.7% |
| Stocks | 30/36 | €113,406 | €96,703 | -€16,703 | -14.7% |
| Amounts receivable within one year | 40/41 | €271,404 | €282,033 | +€10,628 | +3.9% |
| Trade receivables | 40 | €161,409 | €190,239 | +€28,830 | +17.9% |
| Other amounts receivable | 41 | €109,995 | €91,793 | -€18,202 | -16.5% |
| Cash at bank and in hand | 54/58 | €34,459 | €46,476 | +€12,018 | +34.9% |
| Deferred charges and accrued income | 490/1 | €6,988 | €5,518 | -€1,470 | -21.0% |
| Total equity and liabilities | 10/49 | €655,291 | €655,658 | +€367 | +0.1% |
| Equity | 10/15 | €425,258 | €442,279 | +€17,022 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,637 | €420,571 | +€16,933 | +4.2% |
| Distributable reserves | 133 | €403,637 | €420,571 | +€16,933 | +4.2% |
| Profit (loss) carried forward | 14 | €3,020 | €3,109 | +€88 | +2.9% |
| Amounts payable | 17/49 | €230,033 | €213,378 | -€16,655 | -7.2% |
| Amounts payable after more than one year | 17 | €180,530 | €160,925 | -€19,605 | -10.9% |
| Financial debts | 170/4 | €180,530 | €160,925 | -€19,605 | -10.9% |
| Amounts payable within one year | 42/48 | €48,600 | €51,043 | +€2,444 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €23,529 | €19,605 | -€3,924 | -16.7% |
| Trade debts | 44 | €2,907 | €351 | -€2,556 | -87.9% |
| Suppliers | 440/4 | €2,907 | €351 | -€2,556 | -87.9% |
| Taxes, remuneration and social security | 45 | €22,164 | €5,121 | -€17,043 | -76.9% |
| Taxes | 450/3 | €4,622 | €1,323 | -€3,299 | -71.4% |
| Remuneration and social security | 454/9 | €17,542 | €3,799 | -€13,744 | -78.3% |
| Other amounts payable | 47/48 | - | €25,967 | +€25,967 | |
| Accrued charges and deferred income | 492/3 | €904 | €1,410 | +€506 | +55.9% |
| Non-recurring operating income | 76A | - | €19,750 | +€19,750 | |
| Remuneration, social security and pensions | 62 | €262,265 | €258,684 | -€3,581 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,950 | €33,455 | -€5,495 | -14.1% |
| Other operating charges | 640/8 | €4,401 | €5,839 | +€1,438 | +32.7% |
| Non-recurring operating charges | 66A | - | €8,631 | +€8,631 | |
| Gross operating margin | 9900 | €310,531 | €375,588 | +€65,057 | +21.0% |
| Operating profit (loss) | 9901 | €4,915 | €68,980 | +€64,064 | +1303.4% |
| Financial income | 75/76B | €5,089 | €1,857 | -€3,232 | -63.5% |
| Recurring financial income | 75 | €5,089 | €1,857 | -€3,232 | -63.5% |
| Financial charges | 65/66B | €4,848 | €10,570 | +€5,723 | +118.1% |
| Recurring financial charges | 65 | €4,848 | €10,570 | +€5,723 | +118.1% |
| Profit (loss) for the period before taxes | 9903 | €5,157 | €60,266 | +€55,109 | +1068.7% |
| Income taxes | 67/77 | €2,212 | €17,278 | +€15,066 | +681.2% |
| Profit (loss) for the period | 9904 | €2,945 | €42,988 | +€40,043 | +1359.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,945 | €42,988 | +€40,043 | +1359.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.