Lannoo Projects: what changed
Lannoo Projects
Largest movements
- Receivables within one year +€160,321
up €160,321 (+516%), from €31,052 to €191,373
of which Trade receivables: +€119,660
- Tangible fixed assets +€58,499
up €58,499 (+22.7%), from €258,113 to €316,613
- Stocks and contracts +€15,210
new in 2025: €15,210
- Cash -€9,420
down €9,420 (-19.0%), from €49,522 to €40,103
mainly Receivables within one year (-€160,321) and Investment in fixed assets (net) (-€92,834)
- Trade debts +€187,261
up €187,261 (+2,607%), from €7,183 to €194,444
- Tax, wage and social debts -€20,566
down €20,566 (-41.3%), from €49,761 to €29,195
of which Taxes: -€24,323
- Other debts +€19,880
up €19,880 (+1,061%), from €1,874 to €21,754
- Profit (loss) carried forward +€19,485
up €19,485 (+27.4%), from €71,223 to €90,709
- Current portion of long-term debt +€14,530
up €14,530 (+56.0%), from €25,957 to €40,487
- Gross operating margin +€83,194
up €83,194 (+43.7%), from €190,492 to €273,686
- Staff costs +€49,994
up €49,994 (+51.1%), from €97,875 to €147,869
- Taxes +€8,935
up €8,935 (+104%), from €8,604 to €17,539
- Depreciation -€8,184
down €8,184 (-19.2%), from €42,518 to €34,334
- Financial charges +€8,107
up €8,107 (+93.6%), from €8,664 to €16,771
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,014 | €594,872 | +€228,858 | +62.5% |
| Fixed assets | 21/28 | €258,113 | €316,613 | +€58,499 | +22.7% |
| Tangible fixed assets | 22/27 | €258,113 | €316,613 | +€58,499 | +22.7% |
| Land and buildings | 22 | €197,861 | €195,611 | -€2,250 | -1.1% |
| Plant, machinery and equipment | 23 | €2,276 | €21,918 | +€19,642 | +863% |
| Furniture and vehicles | 24 | €19,244 | €33,555 | +€14,311 | +74.4% |
| Leasing and similar rights | 25 | €33,928 | €61,642 | +€27,715 | +81.7% |
| Other tangible fixed assets | 26 | €4,805 | €3,887 | -€918 | -19.1% |
| Current assets | 29/58 | €107,901 | €278,259 | +€170,358 | +158% |
| Stocks and contracts in progress | 3 | - | €15,210 | +€15,210 | |
| Stocks | 30/36 | - | €15,210 | +€15,210 | |
| Amounts receivable within one year | 40/41 | €31,052 | €191,373 | +€160,321 | +516% |
| Trade receivables | 40 | €31,052 | €150,712 | +€119,660 | +385% |
| Other amounts receivable | 41 | - | €40,661 | +€40,661 | |
| Cash at bank and in hand | 54/58 | €49,522 | €40,103 | -€9,420 | -19.0% |
| Deferred charges and accrued income | 490/1 | €27,327 | €31,574 | +€4,247 | +15.5% |
| Total equity and liabilities | 10/49 | €366,014 | €594,872 | +€228,858 | +62.5% |
| Equity | 10/15 | €73,223 | €92,709 | +€19,485 | +26.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,223 | €90,709 | +€19,485 | +27.4% |
| Amounts payable | 17/49 | €292,791 | €502,163 | +€209,372 | +71.5% |
| Amounts payable after more than one year | 17 | €199,721 | €209,913 | +€10,192 | +5.1% |
| Financial debts | 170/4 | €199,721 | €209,913 | +€10,192 | +5.1% |
| Amounts payable within one year | 42/48 | €84,776 | €286,140 | +€201,364 | +238% |
| Current portion of amounts payable after more than one year | 42 | €25,957 | €40,487 | +€14,530 | +56.0% |
| Trade debts | 44 | €7,183 | €194,444 | +€187,261 | +2,607% |
| Suppliers | 440/4 | €7,183 | €194,444 | +€187,261 | +2,607% |
| Advances received on contracts in progress | 46 | - | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | €49,761 | €29,195 | -€20,566 | -41.3% |
| Taxes | 450/3 | €32,926 | €8,604 | -€24,323 | -73.9% |
| Remuneration and social security | 454/9 | €16,835 | €20,591 | +€3,756 | +22.3% |
| Other amounts payable | 47/48 | €1,874 | €21,754 | +€19,880 | +1,061% |
| Accrued charges and deferred income | 492/3 | €8,294 | €6,110 | -€2,184 | -26.3% |
| Non-recurring operating income | 76A | €939 | €6,087 | +€5,148 | +548% |
| Remuneration, social security and pensions | 62 | €97,875 | €147,869 | +€49,994 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,518 | €34,334 | -€8,184 | -19.2% |
| Other operating charges | 640/8 | €2,983 | €4,391 | +€1,408 | +47.2% |
| Gross operating margin | 9900 | €190,492 | €273,686 | +€83,194 | +43.7% |
| Operating profit (loss) | 9901 | €47,116 | €87,091 | +€39,975 | +84.8% |
| Financial income | 75/76B | - | €371 | +€371 | |
| Recurring financial income | 75 | - | €371 | +€371 | |
| Financial charges | 65/66B | €8,664 | €16,771 | +€8,107 | +93.6% |
| Recurring financial charges | 65 | €8,664 | €16,771 | +€8,107 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €38,451 | €70,690 | +€32,239 | +83.8% |
| Income taxes | 67/77 | €8,604 | €17,539 | +€8,935 | +104% |
| Profit (loss) for the period | 9904 | €29,848 | €53,151 | +€23,304 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,848 | €53,151 | +€23,304 | +78.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.