LANCKRIET STABLES: 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.
LANCKRIET STABLES
Largest movements
- Deferred charges and accrued income +€33,763
up €33,763, from €0 to €33,763
- Receivables within one year +€23,421
up €23,421 (+220.0%), from €10,646 to €34,067
of which Trade receivables: +€22,354
- Stocks and contracts +€14,804
up €14,804 (+71.5%), from €20,695 to €35,499
- Cash -€11,152
down €11,152 (-66.8%), from €16,701 to €5,549
mainly Debts after one year (-€52,068) and Investment in fixed assets (net) (-€42,550)
- Tangible fixed assets -€8,673
down €8,673 (-2.4%), from €359,912 to €351,240
of which Land and buildings: -€41,046
- Debts after one year -€52,068
down €52,068 (-35.1%), from €148,472 to €96,404
- Other debts +€40,241
up €40,241 (+25.8%), from €156,221 to €196,462
- Advances received +€37,275
new in 2025: €37,275
- Profit (loss) carried forward +€17,471
up €17,471 (+32.7%), from -€53,459 to -€35,989
- Trade debts +€14,078
up €14,078 (+45.6%), from €30,840 to €44,918
- Gross operating margin +€25,152
up €25,152 (+35.4%), from €71,036 to €96,187
- Staff costs +€4,958
up €4,958 (+353.1%), from €1,404 to €6,362
- Depreciation +€3,017
up €3,017 (+6.1%), from €49,548 to €52,565
- Other operating charges +€2,822
up €2,822 (+29.5%), from €9,558 to €12,379
- Financial charges -€1,538
down €1,538 (-17.3%), from €8,891 to €7,353
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 | €411,628 | €462,450 | +€50,822 | +12.3% |
| Formation expenses | 20 | €3,674 | €2,332 | -€1,342 | -36.5% |
| Fixed assets | 21/28 | €359,912 | €351,240 | -€8,673 | -2.4% |
| Tangible fixed assets | 22/27 | €359,912 | €351,240 | -€8,673 | -2.4% |
| Land and buildings | 22 | €338,814 | €297,767 | -€41,046 | -12.1% |
| Plant, machinery and equipment | 23 | €3,582 | €5,912 | +€2,330 | +65.0% |
| Furniture and vehicles | 24 | €17,517 | €47,561 | +€30,044 | +171.5% |
| Current assets | 29/58 | €48,042 | €108,879 | +€60,837 | +126.6% |
| Stocks and contracts in progress | 3 | €20,695 | €35,499 | +€14,804 | +71.5% |
| Stocks | 30/36 | €20,695 | €35,499 | +€14,804 | +71.5% |
| Amounts receivable within one year | 40/41 | €10,646 | €34,067 | +€23,421 | +220.0% |
| Trade receivables | 40 | €9,124 | €31,478 | +€22,354 | +245.0% |
| Other amounts receivable | 41 | €1,522 | €2,590 | +€1,068 | +70.1% |
| Cash at bank and in hand | 54/58 | €16,701 | €5,549 | -€11,152 | -66.8% |
| Deferred charges and accrued income | 490/1 | €0 | €33,763 | +€33,763 | |
| Total equity and liabilities | 10/49 | €411,628 | €462,450 | +€50,822 | +12.3% |
| Equity | 10/15 | €16,541 | €34,011 | +€17,471 | +105.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,459 | -€35,989 | +€17,471 | +32.7% |
| Amounts payable | 17/49 | €395,088 | €428,439 | +€33,351 | +8.4% |
| Amounts payable after more than one year | 17 | €148,472 | €96,404 | -€52,068 | -35.1% |
| Financial debts | 170/4 | €148,472 | €96,404 | -€52,068 | -35.1% |
| Amounts payable within one year | 42/48 | €246,616 | €332,035 | +€85,419 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €52,068 | €52,068 | = | 0.0% |
| Trade debts | 44 | €30,840 | €44,918 | +€14,078 | +45.6% |
| Suppliers | 440/4 | €30,840 | €44,918 | +€14,078 | +45.6% |
| Advances received on contracts in progress | 46 | - | €37,275 | +€37,275 | |
| Taxes, remuneration and social security | 45 | €7,487 | €1,312 | -€6,175 | -82.5% |
| Taxes | 450/3 | €6,680 | €1,312 | -€5,368 | -80.4% |
| Remuneration and social security | 454/9 | €807 | €0 | -€807 | -100.0% |
| Other amounts payable | 47/48 | €156,221 | €196,462 | +€40,241 | +25.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,404 | €6,362 | +€4,958 | +353.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,548 | €52,565 | +€3,017 | +6.1% |
| Other operating charges | 640/8 | €9,558 | €12,379 | +€2,822 | +29.5% |
| Gross operating margin | 9900 | €71,036 | €96,187 | +€25,152 | +35.4% |
| Operating profit (loss) | 9901 | €10,526 | €24,881 | +€14,354 | +136.4% |
| Financial income | 75/76B | €943 | €0 | -€943 | -100.0% |
| Recurring financial income | 75 | €943 | €0 | -€943 | -100.0% |
| Financial charges | 65/66B | €8,891 | €7,353 | -€1,538 | -17.3% |
| Recurring financial charges | 65 | €8,891 | €7,353 | -€1,538 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €2,579 | €17,528 | +€14,949 | +579.7% |
| Income taxes | 67/77 | - | €57 | +€57 | |
| Profit (loss) for the period | 9904 | €2,579 | €17,471 | +€14,892 | +577.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,579 | €17,471 | +€14,892 | +577.5% |
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 11 October 2026 via checked.be.