LANCKMAN: 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.
LANCKMAN
Largest movements
- Current investments +€49,505
new in 2025: €49,505
- Cash -€40,500
down €40,500 (-35.2%), from €114,934 to €74,434
mainly Current investments (-€49,505) and Other debts (-€17,399)
- Tangible fixed assets -€28,759
down €28,759 (-6.5%), from €445,202 to €416,443
of which Land and buildings: -€21,042
- Receivables within one year -€6,335
down €6,335 (-88.6%), from €7,151 to €816
of which Other amounts receivable: -€5,051
- Other debts -€17,399
down €17,399 (-66.4%), from €26,199 to €8,800
- Short-term financial debts -€6,762
down €6,762 (-100.0%), from €6,762 to €0
- Gross operating margin -€134,149
down €134,149 (-77.4%), from €173,240 to €39,091
- Staff costs -€48,635
down €48,635 (-95.9%), from €50,730 to €2,095
- Taxes -€27,177
down €27,177 (-99.1%), from €27,433 to €256
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 | €571,459 | €542,835 | -€28,624 | -5.0% |
| Fixed assets | 21/28 | €445,202 | €416,443 | -€28,759 | -6.5% |
| Tangible fixed assets | 22/27 | €445,202 | €416,443 | -€28,759 | -6.5% |
| Land and buildings | 22 | €431,915 | €410,873 | -€21,042 | -4.9% |
| Plant, machinery and equipment | 23 | €7,741 | €1,418 | -€6,323 | -81.7% |
| Furniture and vehicles | 24 | €5,546 | €4,152 | -€1,393 | -25.1% |
| Current assets | 29/58 | €126,257 | €126,391 | +€135 | +0.1% |
| Stocks and contracts in progress | 3 | €2,230 | €0 | -€2,230 | -100.0% |
| Stocks | 30/36 | €2,230 | €0 | -€2,230 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,151 | €816 | -€6,335 | -88.6% |
| Trade receivables | 40 | €1,919 | €636 | -€1,283 | -66.9% |
| Other amounts receivable | 41 | €5,231 | €180 | -€5,051 | -96.6% |
| Current investments | 50/53 | - | €49,505 | +€49,505 | |
| Cash at bank and in hand | 54/58 | €114,934 | €74,434 | -€40,500 | -35.2% |
| Deferred charges and accrued income | 490/1 | €1,942 | €1,636 | -€306 | -15.8% |
| Total equity and liabilities | 10/49 | €571,459 | €542,835 | -€28,624 | -5.0% |
| Equity | 10/15 | €511,867 | €509,858 | -€2,009 | -0.4% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €492,035 | €490,026 | -€2,009 | -0.4% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,057 | €109,057 | = | 0.0% |
| Distributable reserves | 133 | €380,995 | €378,986 | -€2,009 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,592 | €32,977 | -€26,615 | -44.7% |
| Amounts payable within one year | 42/48 | €50,265 | €25,390 | -€24,875 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,762 | €0 | -€6,762 | -100.0% |
| Credit institutions | 430/8 | €6,762 | €0 | -€6,762 | -100.0% |
| Trade debts | 44 | €4,338 | €3,148 | -€1,191 | -27.4% |
| Suppliers | 440/4 | €4,338 | €3,148 | -€1,191 | -27.4% |
| Taxes, remuneration and social security | 45 | €12,966 | €13,442 | +€477 | +3.7% |
| Taxes | 450/3 | €12,966 | €13,442 | +€477 | +3.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,199 | €8,800 | -€17,399 | -66.4% |
| Accrued charges and deferred income | 492/3 | €9,327 | €7,587 | -€1,740 | -18.7% |
| Remuneration, social security and pensions | 62 | €50,730 | €2,095 | -€48,635 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,416 | €28,759 | -€658 | -2.2% |
| Other operating charges | 640/8 | €9,635 | €9,041 | -€594 | -6.2% |
| Gross operating margin | 9900 | €173,240 | €39,091 | -€134,149 | -77.4% |
| Operating profit (loss) | 9901 | €83,459 | -€804 | -€84,262 | |
| Financial income | 75/76B | €1,203 | €1,454 | +€251 | +20.8% |
| Recurring financial income | 75 | €1,203 | €1,454 | +€251 | +20.8% |
| Financial charges | 65/66B | €2,200 | €2,404 | +€204 | +9.3% |
| Recurring financial charges | 65 | €2,200 | €2,404 | +€204 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €82,462 | -€1,753 | -€84,215 | |
| Income taxes | 67/77 | €27,433 | €256 | -€27,177 | -99.1% |
| Profit (loss) for the period | 9904 | €55,029 | -€2,009 | -€57,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,029 | -€2,009 | -€57,038 |
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 7 October 2026 via checked.be.