LANNOY: what changed
Two fiscal 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.
LANNOY
Largest movements
- Cash +€173,115
up €173,115 (+123.4%), from €140,273 to €313,388
mainly Net result for the year (+€151,667) and Depreciation (+€38,853)
- Tangible fixed assets -€56,568
down €56,568 (-6.6%), from €853,747 to €797,179
of which Land and buildings: -€65,209
- Current investments -€36,309
down €36,309 (-3.6%), from €1.0m to €969,148
- Profit (loss) carried forward +€232,707
up €232,707 (+15.4%), from €1.5m to €1.7m
- Reserves -€81,040
down €81,040 (-24.5%), from €331,428 to €250,388
- Debts within one year -€68,536
down €68,536 (-85.5%), from €80,205 to €11,669
of which Tax, wage and social debts: -€64,695
- Provisions -€27,013
down €27,013 (-24.5%), from €110,476 to €83,463
- Gross operating margin +€212,072
up €212,072 (+790.0%), from €26,846 to €238,918
- Taxes +€75,050
up €75,050 (+2136.3%), from €3,513 to €78,563
- Financial income -€14,921
down €14,921 (-48.0%), from €31,078 to €16,157
- Depreciation +€9,214
up €9,214 (+31.1%), from €29,639 to €38,853
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 | €2,031,821 | €2,086,844 | +€55,023 | +2.7% |
| Fixed assets | 21/28 | €866,597 | €797,179 | -€69,418 | -8.0% |
| Tangible fixed assets | 22/27 | €853,747 | €797,179 | -€56,568 | -6.6% |
| Land and buildings | 22 | €602,183 | €536,974 | -€65,209 | -10.8% |
| Plant, machinery and equipment | 23 | €243,314 | €251,956 | +€8,641 | +3.6% |
| Other tangible fixed assets | 26 | €8,250 | €8,250 | = | 0.0% |
| Financial fixed assets | 28 | €12,850 | - | -€12,850 | |
| Current assets | 29/58 | €1,165,224 | €1,289,664 | +€124,441 | +10.7% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,171 | €1,892 | -€8,279 | -81.4% |
| Trade receivables | 40 | €4,364 | €1,108 | -€3,256 | -74.6% |
| Other amounts receivable | 41 | €5,807 | €784 | -€5,023 | -86.5% |
| Current investments | 50/53 | €1,005,457 | €969,148 | -€36,309 | -3.6% |
| Cash at bank and in hand | 54/58 | €140,273 | €313,388 | +€173,115 | +123.4% |
| Deferred charges and accrued income | 490/1 | €6,322 | €2,235 | -€4,087 | -64.6% |
| Total equity and liabilities | 10/49 | €2,031,821 | €2,086,844 | +€55,023 | +2.7% |
| Equity | 10/15 | €1,839,795 | €1,991,462 | +€151,667 | +8.2% |
| Reserves | 13 | €331,428 | €250,388 | -€81,040 | -24.5% |
| Profit (loss) carried forward | 14 | €1,508,367 | €1,741,074 | +€232,707 | +15.4% |
| Provisions and deferred taxes | 16 | €110,476 | €83,463 | -€27,013 | -24.5% |
| Deferred taxes | 168 | €110,476 | €83,463 | -€27,013 | -24.5% |
| Amounts payable | 17/49 | €81,550 | €11,919 | -€69,631 | -85.4% |
| Amounts payable within one year | 42/48 | €80,205 | €11,669 | -€68,536 | -85.5% |
| Trade debts | 44 | €7,924 | €4,083 | -€3,842 | -48.5% |
| Suppliers | 440/4 | €7,924 | €4,083 | -€3,842 | -48.5% |
| Taxes, remuneration and social security | 45 | €72,057 | €7,362 | -€64,695 | -89.8% |
| Taxes | 450/3 | €72,057 | €7,362 | -€64,695 | -89.8% |
| Accrued charges and deferred income | 492/3 | €1,344 | €250 | -€1,095 | -81.4% |
| Non-recurring operating income | 76A | - | €205,638 | +€205,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,639 | €38,853 | +€9,214 | +31.1% |
| Other operating charges | 640/8 | €13,308 | €12,573 | -€735 | -5.5% |
| Gross operating margin | 9900 | €26,846 | €238,918 | +€212,072 | +790.0% |
| Operating profit (loss) | 9901 | -€16,101 | €187,492 | +€203,593 | |
| Financial income | 75/76B | €31,078 | €16,157 | -€14,921 | -48.0% |
| Recurring financial income | 75 | €31,078 | €16,157 | -€14,921 | -48.0% |
| Financial charges | 65/66B | -€206 | €432 | +€638 | |
| Recurring financial charges | 65 | -€206 | €432 | +€638 | |
| Profit (loss) for the period before taxes | 9903 | €15,183 | €203,217 | +€188,034 | +1238.4% |
| Transfer from deferred taxes | 780 | €2,191 | €27,013 | +€24,823 | +1133.1% |
| Income taxes | 67/77 | €3,513 | €78,563 | +€75,050 | +2136.3% |
| Profit (loss) for the period | 9904 | €13,861 | €151,667 | +€137,806 | +994.2% |
| Transfer from tax-exempt reserves | 789 | €6,572 | €81,040 | +€74,468 | +1133.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,433 | €232,707 | +€212,274 | +1038.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.