LANO: 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.
LANO
Largest movements
- Receivables within one year -€71,469
down €71,469 (-89.2%), from €80,102 to €8,632
of which Trade receivables: -€78,650
- Cash +€18,002
up €18,002 (+52.2%), from €34,462 to €52,463
mainly Receivables within one year (+€71,469) and Net result for the year (+€64,817)
- Reserves +€64,817
up €64,817 (+66.4%), from €97,685 to €162,501
- Other debts -€58,906
down €58,906 (-36.3%), from €162,119 to €103,212
- Debts after one year -€40,440
down €40,440 (-31.1%), from €129,964 to €89,524
- Tax, wage and social debts -€14,042
down €14,042 (-30.3%), from €46,330 to €32,288
of which Taxes: -€16,342
- Trade debts -€5,389
down €5,389 (-44.5%), from €12,103 to €6,714
- Gross operating margin -€15,758
down €15,758 (-15.4%), from €102,482 to €86,724
- Taxes -€2,874
down €2,874 (-14.9%), from €19,311 to €16,437
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 | €491,095 | €437,679 | -€53,416 | -10.9% |
| Fixed assets | 21/28 | €375,000 | €375,000 | = | 0.0% |
| Financial fixed assets | 28 | €375,000 | €375,000 | = | 0.0% |
| Current assets | 29/58 | €116,095 | €62,679 | -€53,416 | -46.0% |
| Amounts receivable within one year | 40/41 | €80,102 | €8,632 | -€71,469 | -89.2% |
| Trade receivables | 40 | €78,650 | €0 | -€78,650 | -100.0% |
| Other amounts receivable | 41 | €1,452 | €8,632 | +€7,181 | +494.6% |
| Cash at bank and in hand | 54/58 | €34,462 | €52,463 | +€18,002 | +52.2% |
| Deferred charges and accrued income | 490/1 | €1,532 | €1,584 | +€52 | +3.4% |
| Total equity and liabilities | 10/49 | €491,095 | €437,679 | -€53,416 | -10.9% |
| Equity | 10/15 | €100,685 | €165,501 | +€64,817 | +64.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,685 | €162,501 | +€64,817 | +66.4% |
| Distributable reserves | 133 | €97,685 | €162,501 | +€64,817 | +66.4% |
| Amounts payable | 17/49 | €390,410 | €272,178 | -€118,232 | -30.3% |
| Amounts payable after more than one year | 17 | €129,964 | €89,524 | -€40,440 | -31.1% |
| Financial debts | 170/4 | €129,964 | €89,524 | -€40,440 | -31.1% |
| Amounts payable within one year | 42/48 | €260,446 | €182,654 | -€77,793 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €39,894 | €40,440 | +€545 | +1.4% |
| Trade debts | 44 | €12,103 | €6,714 | -€5,389 | -44.5% |
| Suppliers | 440/4 | €12,103 | €6,714 | -€5,389 | -44.5% |
| Taxes, remuneration and social security | 45 | €46,330 | €32,288 | -€14,042 | -30.3% |
| Taxes | 450/3 | €46,330 | €29,988 | -€16,342 | -35.3% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €162,119 | €103,212 | -€58,906 | -36.3% |
| Other operating charges | 640/8 | €1,029 | €396 | -€633 | -61.5% |
| Gross operating margin | 9900 | €102,482 | €86,724 | -€15,758 | -15.4% |
| Operating profit (loss) | 9901 | €101,452 | €86,328 | -€15,124 | -14.9% |
| Financial charges | 65/66B | €5,800 | €5,075 | -€725 | -12.5% |
| Recurring financial charges | 65 | €5,800 | €5,075 | -€725 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €95,653 | €81,253 | -€14,400 | -15.1% |
| Income taxes | 67/77 | €19,311 | €16,437 | -€2,874 | -14.9% |
| Profit (loss) for the period | 9904 | €76,342 | €64,817 | -€11,525 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,342 | €64,817 | -€11,525 | -15.1% |
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 8 October 2026 via checked.be.