LANNOO-BOURDIAUDHY: 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-BOURDIAUDHY
Largest movements
- Cash +€7,070
up €7,070 (+386%), from €1,832 to €8,902
mainly Depreciation (+€6,266) and Other debts (+€4,180)
- Tangible fixed assets -€5,128
down €5,128 (-28.6%), from €17,917 to €12,789
of which Furniture and vehicles: -€4,756
- Deferred charges and accrued income +€528
up €528 (+13.9%), from €3,808 to €4,336
- Intangible fixed assets -€400
down €400 (-80.0%), from €500 to €100
- Other debts +€4,180
up €4,180 (+341%), from €1,226 to €5,406
- Current portion of long-term debt -€3,196
no longer reported in 2025 (was €3,196)
- Tax, wage and social debts +€796
new in 2025: €796
- Gross operating margin +€6,014
up €6,014 (+73.1%), from €8,224 to €14,238
- Taxes +€1,731
up €1,731 (+132%), from €1,315 to €3,046
- Depreciation +€318
up €318 (+5.3%), from €5,949 to €6,266
- Financial charges -€147
down €147 (-54.1%), from €271 to €125
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 | €24,243 | €26,127 | +€1,884 | +7.8% |
| Fixed assets | 21/28 | €18,417 | €12,889 | -€5,528 | -30.0% |
| Intangible fixed assets | 21 | €500 | €100 | -€400 | -80.0% |
| Tangible fixed assets | 22/27 | €17,917 | €12,789 | -€5,128 | -28.6% |
| Furniture and vehicles | 24 | €14,817 | €10,062 | -€4,756 | -32.1% |
| Other tangible fixed assets | 26 | €3,100 | €2,727 | -€373 | -12.0% |
| Current assets | 29/58 | €5,825 | €13,238 | +€7,413 | +127% |
| Amounts receivable within one year | 40/41 | €185 | - | -€185 | |
| Other amounts receivable | 41 | €185 | - | -€185 | |
| Cash at bank and in hand | 54/58 | €1,832 | €8,902 | +€7,070 | +386% |
| Deferred charges and accrued income | 490/1 | €3,808 | €4,336 | +€528 | +13.9% |
| Total equity and liabilities | 10/49 | €24,243 | €26,127 | +€1,884 | +7.8% |
| Equity | 10/15 | €19,774 | €19,753 | -€21 | -0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,753 | €16,753 | = | 0.0% |
| Distributable reserves | 133 | €16,753 | €16,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21 | - | -€21 | |
| Amounts payable | 17/49 | €4,469 | €6,375 | +€1,905 | +42.6% |
| Amounts payable within one year | 42/48 | €4,445 | €6,351 | +€1,906 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €3,196 | - | -€3,196 | |
| Trade debts | 44 | €23 | €149 | +€126 | +547% |
| Suppliers | 440/4 | €23 | €149 | +€126 | +547% |
| Taxes, remuneration and social security | 45 | - | €796 | +€796 | |
| Taxes | 450/3 | - | €796 | +€796 | |
| Other amounts payable | 47/48 | €1,226 | €5,406 | +€4,180 | +341% |
| Accrued charges and deferred income | 492/3 | €24 | €24 | -€0 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,949 | €6,266 | +€318 | +5.3% |
| Other operating charges | 640/8 | €668 | €688 | +€20 | +2.9% |
| Gross operating margin | 9900 | €8,224 | €14,238 | +€6,014 | +73.1% |
| Operating profit (loss) | 9901 | €1,607 | €7,283 | +€5,677 | +353% |
| Financial charges | 65/66B | €271 | €125 | -€147 | -54.1% |
| Recurring financial charges | 65 | €271 | €125 | -€147 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €1,336 | €7,159 | +€5,823 | +436% |
| Income taxes | 67/77 | €1,315 | €3,046 | +€1,731 | +132% |
| Profit (loss) for the period | 9904 | €21 | €4,113 | +€4,092 | +19,525% |
| Profit (loss) for the period to be appropriated | 9905 | €21 | €4,113 | +€4,092 | +19,525% |
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 18 October 2026 via checked.be.