Lannoo: 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.
Lannoo
Largest movements
- Cash +€220,203
up €220,203 (+3,349%), from €6,575 to €226,778
mainly Net result for the year (+€306,817) and Receivables within one year (+€88,875)
- Receivables within one year -€88,875
down €88,875 (-17.9%), from €497,590 to €408,715
of which Trade receivables: -€91,238
- Stocks and contracts -€51,766
down €51,766 (-11.3%), from €459,594 to €407,828
- Tangible fixed assets -€41,165
down €41,165 (-14.1%), from €292,283 to €251,118
of which Furniture and vehicles: -€35,144
- Reserves +€111,698
up €111,698 (+12.7%), from €880,638 to €992,336
of which Distributable reserves: +€121,454
- Trade debts -€80,502
down €80,502 (-31.0%), from €259,419 to €178,916
- Gross operating margin +€190,098
up €190,098 (+44.3%), from €428,821 to €618,918
- Taxes +€53,490
up €53,490 (+63.3%), from €84,439 to €137,928
- Staff costs +€32,333
up €32,333 (+49.9%), from €64,836 to €97,169
- Depreciation -€9,442
down €9,442 (-15.6%), from €60,677 to €51,235
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 | €1,259,328 | €1,299,653 | +€40,325 | +3.2% |
| Fixed assets | 21/28 | €293,053 | €251,888 | -€41,165 | -14.0% |
| Tangible fixed assets | 22/27 | €292,283 | €251,118 | -€41,165 | -14.1% |
| Land and buildings | 22 | €149,724 | €137,428 | -€12,296 | -8.2% |
| Plant, machinery and equipment | 23 | - | €6,276 | +€6,276 | |
| Furniture and vehicles | 24 | €142,559 | €107,414 | -€35,144 | -24.7% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €966,275 | €1,047,765 | +€81,490 | +8.4% |
| Amounts receivable after more than one year | 29 | €520 | €520 | = | 0.0% |
| Other amounts receivable | 291 | €520 | €520 | = | 0.0% |
| Stocks and contracts in progress | 3 | €459,594 | €407,828 | -€51,766 | -11.3% |
| Stocks | 30/36 | €459,594 | €407,828 | -€51,766 | -11.3% |
| Amounts receivable within one year | 40/41 | €497,590 | €408,715 | -€88,875 | -17.9% |
| Trade receivables | 40 | €491,558 | €400,320 | -€91,238 | -18.6% |
| Other amounts receivable | 41 | €6,032 | €8,395 | +€2,363 | +39.2% |
| Cash at bank and in hand | 54/58 | €6,575 | €226,778 | +€220,203 | +3,349% |
| Deferred charges and accrued income | 490/1 | €1,996 | €3,924 | +€1,928 | +96.6% |
| Total equity and liabilities | 10/49 | €1,259,328 | €1,299,653 | +€40,325 | +3.2% |
| Equity | 10/15 | €942,638 | €1,054,336 | +€111,698 | +11.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €880,638 | €992,336 | +€111,698 | +12.7% |
| Non-distributable reserves | 130/1 | €35,005 | €25,249 | -€9,756 | -27.9% |
| Legal reserve | 130 | €29,942 | €20,186 | -€9,756 | -32.6% |
| Reserves not available under the articles | 1311 | €5,062 | €5,062 | = | 0.0% |
| Distributable reserves | 133 | €845,633 | €967,087 | +€121,454 | +14.4% |
| Amounts payable | 17/49 | €316,690 | €245,317 | -€71,373 | -22.5% |
| Amounts payable within one year | 42/48 | €316,690 | €245,317 | -€71,373 | -22.5% |
| Trade debts | 44 | €259,419 | €178,916 | -€80,502 | -31.0% |
| Suppliers | 440/4 | €259,419 | €178,916 | -€80,502 | -31.0% |
| Taxes, remuneration and social security | 45 | €54,872 | €62,220 | +€7,349 | +13.4% |
| Taxes | 450/3 | €43,017 | €50,850 | +€7,833 | +18.2% |
| Remuneration and social security | 454/9 | €11,855 | €11,370 | -€484 | -4.1% |
| Other amounts payable | 47/48 | €2,400 | €4,180 | +€1,780 | +74.2% |
| Remuneration, social security and pensions | 62 | €64,836 | €97,169 | +€32,333 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,677 | €51,235 | -€9,442 | -15.6% |
| Other operating charges | 640/8 | €23,303 | €26,967 | +€3,664 | +15.7% |
| Gross operating margin | 9900 | €428,821 | €618,918 | +€190,098 | +44.3% |
| Operating profit (loss) | 9901 | €280,004 | €443,548 | +€163,544 | +58.4% |
| Financial income | 75/76B | €2,480 | €1,853 | -€628 | -25.3% |
| Recurring financial income | 75 | €2,480 | €1,853 | -€628 | -25.3% |
| Financial charges | 65/66B | €1,034 | €655 | -€379 | -36.7% |
| Recurring financial charges | 65 | €1,034 | €655 | -€379 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €281,450 | €444,746 | +€163,295 | +58.0% |
| Income taxes | 67/77 | €84,439 | €137,928 | +€53,490 | +63.3% |
| Profit (loss) for the period | 9904 | €197,012 | €306,817 | +€109,805 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €197,012 | €306,817 | +€109,805 | +55.7% |
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 13 October 2026 via checked.be.