Lanosa: 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.
Lanosa
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+246.8%), from €812,954 to €2.8m
of which Land and buildings: +€2.0m
- Current investments -€524,118
down €524,118 (-39.2%), from €1.3m to €813,021
- Debts after one year +€1.4m
up €1.4m (+276.8%), from €521,392 to €2.0m
- Reserves -€381,227
down €381,227 (-23.8%), from €1.6m to €1.2m
of which Distributable reserves: -€381,227
- Other debts +€294,570
up €294,570 (+415.8%), from €70,840 to €365,410
- Current portion of long-term debt +€60,407
up €60,407 (+82.7%), from €73,057 to €133,463
- Depreciation +€313,488
up €313,488 (+1437.1%), from €21,814 to €335,302
- Financial income -€108,187
down €108,187 (-87.6%), from €123,554 to €15,366
- Taxes -€100,000
down €100,000 (-85.7%), from €116,632 to €16,632
- Gross operating margin +€76,435
up €76,435 (+22.1%), from €345,116 to €421,551
- Financial charges +€44,815
up €44,815 (+542.3%), from €8,264 to €53,079
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 | €2,338,066 | €3,768,196 | +€1.4m | +61.2% |
| Fixed assets | 21/28 | €812,954 | €2,819,473 | +€2.0m | +246.8% |
| Tangible fixed assets | 22/27 | €812,954 | €2,819,473 | +€2.0m | +246.8% |
| Land and buildings | 22 | €748,901 | €2,746,864 | +€2.0m | +266.8% |
| Furniture and vehicles | 24 | €63,514 | €38,410 | -€25,104 | -39.5% |
| Other tangible fixed assets | 26 | €539 | €34,200 | +€33,661 | +6243.4% |
| Current assets | 29/58 | €1,525,111 | €948,723 | -€576,388 | -37.8% |
| Amounts receivable within one year | 40/41 | €19,582 | €2,087 | -€17,495 | -89.3% |
| Trade receivables | 40 | - | €2,087 | +€2,087 | |
| Other amounts receivable | 41 | €19,582 | €0 | -€19,582 | -100.0% |
| Current investments | 50/53 | €1,337,139 | €813,021 | -€524,118 | -39.2% |
| Cash at bank and in hand | 54/58 | €163,758 | €131,541 | -€32,218 | -19.7% |
| Deferred charges and accrued income | 490/1 | €4,632 | €2,075 | -€2,557 | -55.2% |
| Total equity and liabilities | 10/49 | €2,338,066 | €3,768,196 | +€1.4m | +61.2% |
| Equity | 10/15 | €1,616,595 | €1,235,368 | -€381,227 | -23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,604,195 | €1,222,968 | -€381,227 | -23.8% |
| Tax-exempt reserves | 132 | €33,680 | €33,680 | = | 0.0% |
| Distributable reserves | 133 | €1,570,515 | €1,189,288 | -€381,227 | -24.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €721,470 | €2,532,828 | +€1.8m | +251.1% |
| Amounts payable after more than one year | 17 | €521,392 | €1,964,505 | +€1.4m | +276.8% |
| Financial debts | 170/4 | €521,392 | €1,964,505 | +€1.4m | +276.8% |
| Amounts payable within one year | 42/48 | €200,078 | €568,323 | +€368,245 | +184.1% |
| Current portion of amounts payable after more than one year | 42 | €73,057 | €133,463 | +€60,407 | +82.7% |
| Trade debts | 44 | €1,416 | €932 | -€484 | -34.2% |
| Suppliers | 440/4 | €1,416 | €932 | -€484 | -34.2% |
| Taxes, remuneration and social security | 45 | €54,766 | €68,518 | +€13,752 | +25.1% |
| Taxes | 450/3 | €54,766 | €68,518 | +€13,752 | +25.1% |
| Other amounts payable | 47/48 | €70,840 | €365,410 | +€294,570 | +415.8% |
| Non-recurring operating income | 76A | €9,163 | €0 | -€9,163 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,814 | €335,302 | +€313,488 | +1437.1% |
| Other operating charges | 640/8 | €3,201 | €4,831 | +€1,630 | +50.9% |
| Gross operating margin | 9900 | €345,116 | €421,551 | +€76,435 | +22.1% |
| Operating profit (loss) | 9901 | €320,102 | €81,418 | -€238,683 | -74.6% |
| Financial income | 75/76B | €123,554 | €15,366 | -€108,187 | -87.6% |
| Recurring financial income | 75 | €123,554 | €15,366 | -€108,187 | -87.6% |
| Financial charges | 65/66B | €8,264 | €53,079 | +€44,815 | +542.3% |
| Recurring financial charges | 65 | €8,264 | €53,079 | +€44,815 | +542.3% |
| Profit (loss) for the period before taxes | 9903 | €435,391 | €43,706 | -€391,685 | -90.0% |
| Income taxes | 67/77 | €116,632 | €16,632 | -€100,000 | -85.7% |
| Profit (loss) for the period | 9904 | €318,759 | €27,074 | -€291,685 | -91.5% |
| Transfer from tax-exempt reserves | 789 | €105,250 | €0 | -€105,250 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €33,680 | €0 | -€33,680 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €390,329 | €27,074 | -€363,255 | -93.1% |
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 29 September 2026 via checked.be.