Lancenot: 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.
Lancenot
Largest movements
- Tangible fixed assets +€236,999
up €236,999 (+34.1%), from €694,977 to €931,976
of which Land and buildings: +€238,301
- Current investments +€80,300
new in 2025: €80,300
- Cash +€23,719
up €23,719 (+75.5%), from €31,433 to €55,152
mainly Contributions, distributions and other (+€199,900) and Other debts (+€181,028)
- Contributions +€199,900
up €199,900 (+199,900%), from €100 to €200,000
- Other debts +€181,028
up €181,028 (+308%), from €58,691 to €239,719
- Debts after one year -€54,379
down €54,379 (-9.1%), from €598,072 to €543,692
of which Financial debts: -€45,031
- Profit (loss) carried forward +€16,522
up €16,522 (+64.6%), from €25,558 to €42,080
- Turnover -€128,175
no longer reported in 2025 (was €128,175)
- Depreciation +€54,650
up €54,650 (+238%), from €22,952 to €77,601
- Purchases and services -€27,376
no longer reported in 2025 (was €27,376)
- Taxes -€16,405
down €16,405 (-73.8%), from €22,241 to €5,836
- Financial charges +€9,112
up €9,112 (+66.3%), from €13,749 to €22,861
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 | €740,020 | €1,081,353 | +€341,333 | +46.1% |
| Fixed assets | 21/28 | €694,977 | €931,976 | +€236,999 | +34.1% |
| Tangible fixed assets | 22/27 | €694,977 | €931,976 | +€236,999 | +34.1% |
| Land and buildings | 22 | €687,417 | €925,718 | +€238,301 | +34.7% |
| Plant, machinery and equipment | 23 | €5,298 | €4,772 | -€527 | -9.9% |
| Furniture and vehicles | 24 | €2,262 | €1,487 | -€775 | -34.3% |
| Current assets | 29/58 | €45,042 | €149,377 | +€104,335 | +232% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,902 | €13,187 | +€285 | +2.2% |
| Trade receivables | 40 | €12,902 | €13,023 | +€121 | +0.9% |
| Other amounts receivable | 41 | - | €164 | +€164 | |
| Current investments | 50/53 | - | €80,300 | +€80,300 | |
| Cash at bank and in hand | 54/58 | €31,433 | €55,152 | +€23,719 | +75.5% |
| Deferred charges and accrued income | 490/1 | €708 | €739 | +€31 | +4.3% |
| Total equity and liabilities | 10/49 | €740,020 | €1,081,353 | +€341,333 | +46.1% |
| Equity | 10/15 | €25,658 | €242,080 | +€216,422 | +843% |
| Contributions | 10/11 | €100 | €200,000 | +€199,900 | +199,900% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €25,558 | €42,080 | +€16,522 | +64.6% |
| Amounts payable | 17/49 | €714,362 | €839,273 | +€124,911 | +17.5% |
| Amounts payable after more than one year | 17 | €598,072 | €543,692 | -€54,379 | -9.1% |
| Financial debts | 170/4 | €351,723 | €306,692 | -€45,031 | -12.8% |
| Other amounts payable | 178/9 | €246,348 | €237,000 | -€9,348 | -3.8% |
| Amounts payable within one year | 42/48 | €115,535 | €295,581 | +€180,046 | +156% |
| Current portion of amounts payable after more than one year | 42 | €47,462 | €48,730 | +€1,268 | +2.7% |
| Trade debts | 44 | €49 | €374 | +€325 | +666% |
| Suppliers | 440/4 | €49 | €374 | +€325 | +666% |
| Taxes, remuneration and social security | 45 | €9,334 | €6,758 | -€2,575 | -27.6% |
| Taxes | 450/3 | €9,334 | €6,758 | -€2,575 | -27.6% |
| Other amounts payable | 47/48 | €58,691 | €239,719 | +€181,028 | +308% |
| Accrued charges and deferred income | 492/3 | €755 | €0 | -€755 | -100% |
| Turnover | 70 | €128,175 | - | -€128,175 | |
| Non-recurring operating income | 76A | €369 | €0 | -€369 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,376 | - | -€27,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,952 | €77,601 | +€54,650 | +238% |
| Other operating charges | 640/8 | €725 | €1,756 | +€1,031 | +142% |
| Non-recurring operating charges | 66A | €242 | €0 | -€242 | -100% |
| Gross operating margin | 9900 | €125,467 | €124,576 | -€891 | -0.7% |
| Operating profit (loss) | 9901 | €101,548 | €45,219 | -€56,329 | -55.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €13,749 | €22,861 | +€9,112 | +66.3% |
| Recurring financial charges | 65 | €13,749 | €22,861 | +€9,112 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €87,799 | €22,358 | -€65,441 | -74.5% |
| Income taxes | 67/77 | €22,241 | €5,836 | -€16,405 | -73.8% |
| Profit (loss) for the period | 9904 | €65,558 | €16,522 | -€49,036 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,558 | €16,522 | -€49,036 | -74.8% |
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 19 October 2026 via checked.be.