LANAFORM: 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.
What changed
LANAFORM
NACE 46.496, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€468,159
2024 · -€592,822+€124,663
Equity
€3.8m
2024 · €4.3m-€468,159
Cash
€444,088
2024 · €448,988-€4,900
Balance sheet total
€5.6m
2024 · €6.2m-€575,779
Largest movements
Assets
- Stocks and contracts -€387,205
down €387,205 (-16.3%), from €2.4m to €2.0m
- Receivables within one year -€123,637
down €123,637 (-5.9%), from €2.1m to €2.0m
of which Trade receivables: -€79,169
Equity and liabilities
- Profit (loss) carried forward -€468,159
down €468,159 (-12.1%), from €3.9m to €3.4m
Income statement
- Gross operating margin +€133,722
up €133,722 (+110%), from €121,183 to €254,905
- Write-downs +€118,491
up €118,491 (+60.0%), from -€197,618 to -€79,127
- Staff costs -€106,523
down €106,523 (-13.5%), from €791,728 to €685,205
- Financial charges -€7,364
down €7,364 (-8.4%), from €88,183 to €80,819
- Financial income -€3,323
down €3,323 (-4.1%), from €81,454 to €78,131
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.
Result 2024
-€592,822
Gross operating margin
+€133,722
Staff costs
+€106,523
Depreciation
-€3,273
Write-downs
-€118,491
Provisions
-€281
Other operating charges
+€2,248
Financial income
-€3,323
Financial charges
+€7,364
Taxes
+€174
Result 2025
-€468,159
raises the resultlowers the result
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.
From operations
+€55,100
Investment
€0
Financing
-€60,000
Cash 2024
€448,988
From operations (derived)
+€55,100
Net result for the year
-€468,159
Depreciation
+€57,349
Stocks and contracts
+€387,205
Receivables within one year
+€123,637
Deferred charges and accrued income
+€2,688
Trade debts
-€53,017
Tax, wage and social debts
+€5,708
Accrued charges and deferred income
-€311
Financing
-€60,000
Debts after one year
-€15,000
Current portion of long-term debt
-€45,000
Cash 2025
€444,088
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,174,212 | €5,598,433 | -€575,779 | -9.3% |
| Fixed assets | 21/28 | €741,697 | €684,348 | -€57,349 | -7.7% |
| Tangible fixed assets | 22/27 | €741,697 | €684,348 | -€57,349 | -7.7% |
| Land and buildings | 22 | €686,603 | €644,643 | -€41,960 | -6.1% |
| Plant, machinery and equipment | 23 | €3,547 | €239 | -€3,308 | -93.3% |
| Furniture and vehicles | 24 | €22,580 | €14,311 | -€8,269 | -36.6% |
| Other tangible fixed assets | 26 | €28,967 | €25,155 | -€3,812 | -13.2% |
| Current assets | 29/58 | €5,432,515 | €4,914,085 | -€518,430 | -9.5% |
| Stocks and contracts in progress | 3 | €2,381,629 | €1,994,424 | -€387,205 | -16.3% |
| Stocks | 30/36 | €2,381,629 | €1,994,424 | -€387,205 | -16.3% |
| Amounts receivable within one year | 40/41 | €2,095,318 | €1,971,681 | -€123,637 | -5.9% |
| Trade receivables | 40 | €542,717 | €463,548 | -€79,169 | -14.6% |
| Other amounts receivable | 41 | €1,552,601 | €1,508,133 | -€44,468 | -2.9% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €448,988 | €444,088 | -€4,900 | -1.1% |
| Deferred charges and accrued income | 490/1 | €6,580 | €3,892 | -€2,688 | -40.9% |
| Total equity and liabilities | 10/49 | €6,174,212 | €5,598,433 | -€575,779 | -9.3% |
| Equity | 10/15 | €4,305,765 | €3,837,606 | -€468,159 | -10.9% |
| Contributions | 10/11 | €397,000 | €397,000 | = | 0.0% |
| Capital | 10 | €397,000 | €397,000 | = | 0.0% |
| Issued capital | 100 | €397,000 | €397,000 | = | 0.0% |
| Reserves | 13 | €39,700 | €39,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,700 | €39,700 | = | 0.0% |
| Legal reserve | 130 | €39,700 | €39,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,869,065 | €3,400,906 | -€468,159 | -12.1% |
| Amounts payable | 17/49 | €1,868,447 | €1,760,827 | -€107,620 | -5.8% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €1,853,083 | €1,760,774 | -€92,309 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €15,000 | -€45,000 | -75.0% |
| Financial debts | 43 | €1,500,000 | €1,500,000 | = | 0.0% |
| Other loans | 439 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €140,923 | €87,906 | -€53,017 | -37.6% |
| Suppliers | 440/4 | €140,923 | €87,906 | -€53,017 | -37.6% |
| Taxes, remuneration and social security | 45 | €152,160 | €157,868 | +€5,708 | +3.8% |
| Taxes | 450/3 | €67,742 | €86,354 | +€18,612 | +27.5% |
| Remuneration and social security | 454/9 | €84,418 | €71,514 | -€12,904 | -15.3% |
| Accrued charges and deferred income | 492/3 | €364 | €53 | -€311 | -85.4% |
| Remuneration, social security and pensions | 62 | €791,728 | €685,205 | -€106,523 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,076 | €57,349 | +€3,273 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€197,618 | -€79,127 | +€118,491 | +60.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €269 | €550 | +€281 | +104% |
| Other operating charges | 640/8 | €57,657 | €55,409 | -€2,248 | -3.9% |
| Gross operating margin | 9900 | €121,183 | €254,905 | +€133,722 | +110% |
| Operating profit (loss) | 9901 | -€584,929 | -€464,481 | +€120,448 | +20.6% |
| Financial income | 75/76B | €81,454 | €78,131 | -€3,323 | -4.1% |
| Recurring financial income | 75 | €81,454 | €78,131 | -€3,323 | -4.1% |
| Financial charges | 65/66B | €88,183 | €80,819 | -€7,364 | -8.4% |
| Recurring financial charges | 65 | €88,183 | €80,819 | -€7,364 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€591,658 | -€467,169 | +€124,489 | +21.0% |
| Income taxes | 67/77 | €1,164 | €990 | -€174 | -14.9% |
| Profit (loss) for the period | 9904 | -€592,822 | -€468,159 | +€124,663 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€592,822 | -€468,159 | +€124,663 | +21.0% |
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.