LANCO: 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.
LANCO
Largest movements
- Stocks and contracts +€1.3m
new in 2025: €1.3m
- Receivables within one year -€140,465
down €140,465 (-44.0%), from €319,358 to €178,894
- Short-term financial debts +€843,000
new in 2025: €843,000
- Other debts +€330,378
up €330,378 (+30.3%), from €1.1m to €1.4m
- Depreciation -€52,920
down €52,920 (-100.0%), from €52,920 to €0
- Financial charges +€7,224
up €7,224 (+125.5%), from €5,758 to €12,982
- Gross operating margin +€3,888
up €3,888 (+59.8%), from -€6,502 to -€2,614
- Financial income -€3,716
down €3,716 (-40.2%), from €9,252 to €5,536
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 | €1,106,707 | €2,269,181 | +€1.2m | +105.0% |
| Fixed assets | 21/28 | €786,000 | €786,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €441,000 | €441,000 | = | 0.0% |
| Land and buildings | 22 | €441,000 | €441,000 | = | 0.0% |
| Financial fixed assets | 28 | €345,000 | €345,000 | = | 0.0% |
| Current assets | 29/58 | €320,707 | €1,483,181 | +€1.2m | +362.5% |
| Stocks and contracts in progress | 3 | - | €1,303,678 | +€1.3m | |
| Stocks | 30/36 | - | €1,303,678 | +€1.3m | |
| Amounts receivable within one year | 40/41 | €319,358 | €178,894 | -€140,465 | -44.0% |
| Other amounts receivable | 41 | €319,358 | €178,894 | -€140,465 | -44.0% |
| Cash at bank and in hand | 54/58 | €1,349 | €609 | -€740 | -54.9% |
| Total equity and liabilities | 10/49 | €1,106,707 | €2,269,181 | +€1.2m | +105.0% |
| Equity | 10/15 | €17,954 | €6,750 | -€11,204 | -62.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€57,046 | -€68,250 | -€11,204 | -19.6% |
| Amounts payable | 17/49 | €1,088,753 | €2,262,431 | +€1.2m | +107.8% |
| Amounts payable within one year | 42/48 | €1,088,753 | €2,262,431 | +€1.2m | +107.8% |
| Financial debts | 43 | - | €843,000 | +€843,000 | |
| Credit institutions | 430/8 | - | €843,000 | +€843,000 | |
| Trade debts | 44 | €0 | €300 | +€300 | |
| Suppliers | 440/4 | €0 | €300 | +€300 | |
| Other amounts payable | 47/48 | €1,088,753 | €1,419,131 | +€330,378 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,920 | €0 | -€52,920 | -100.0% |
| Other operating charges | 640/8 | €1,118 | €1,144 | +€26 | +2.3% |
| Gross operating margin | 9900 | -€6,502 | -€2,614 | +€3,888 | +59.8% |
| Operating profit (loss) | 9901 | -€60,540 | -€3,758 | +€56,782 | +93.8% |
| Financial income | 75/76B | €9,252 | €5,536 | -€3,716 | -40.2% |
| Recurring financial income | 75 | €9,252 | €5,536 | -€3,716 | -40.2% |
| Financial charges | 65/66B | €5,758 | €12,982 | +€7,224 | +125.5% |
| Recurring financial charges | 65 | €5,758 | €12,982 | +€7,224 | +125.5% |
| Profit (loss) for the period before taxes | 9903 | -€57,046 | -€11,204 | +€45,842 | +80.4% |
| Profit (loss) for the period | 9904 | -€57,046 | -€11,204 | +€45,842 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,046 | -€11,204 | +€45,842 | +80.4% |
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 10 October 2026 via checked.be.