LANOT: 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.
LANOT
Largest movements
- Cash -€62,136
down €62,136 (-74.2%), from €83,692 to €21,556
mainly Investment in fixed assets (net) (-€64,190) and Debts after one year (-€49,777)
- Receivables within one year +€39,275
up €39,275 (+286.7%), from €13,697 to €52,972
of which Other amounts receivable: +€34,008
- Tangible fixed assets +€11,006
up €11,006 (+1.5%), from €745,618 to €756,624
of which Other tangible fixed assets: +€64,190
- Other debts +€70,935
new in 2025: €70,935
- Debts after one year -€49,777
down €49,777 (-17.7%), from €281,093 to €231,316
- Profit (loss) carried forward -€24,067
down €24,067 (-90.4%), from -€26,624 to -€50,690
- Taxes -€5,174
down €5,174, from €2,174 to -€3,000
- Gross operating margin -€1,364
down €1,364 (-3.5%), from €39,040 to €37,676
- Financial charges -€839
down €839 (-7.6%), from €11,064 to €10,225
- Other operating charges +€572
up €572 (+11.7%), from €4,906 to €5,478
- Financial income -€498
down €498 (-99.1%), from €502 to €4
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 | €843,007 | €836,177 | -€6,830 | -0.8% |
| Fixed assets | 21/28 | €745,618 | €756,624 | +€11,006 | +1.5% |
| Tangible fixed assets | 22/27 | €745,618 | €756,624 | +€11,006 | +1.5% |
| Land and buildings | 22 | €738,472 | €687,738 | -€50,734 | -6.9% |
| Furniture and vehicles | 24 | €7,146 | €4,696 | -€2,450 | -34.3% |
| Other tangible fixed assets | 26 | - | €64,190 | +€64,190 | |
| Current assets | 29/58 | €97,389 | €79,553 | -€17,836 | -18.3% |
| Amounts receivable within one year | 40/41 | €13,697 | €52,972 | +€39,275 | +286.7% |
| Trade receivables | 40 | €2,570 | €7,838 | +€5,268 | +205.0% |
| Other amounts receivable | 41 | €11,127 | €45,134 | +€34,008 | +305.6% |
| Cash at bank and in hand | 54/58 | €83,692 | €21,556 | -€62,136 | -74.2% |
| Deferred charges and accrued income | 490/1 | - | €5,025 | +€5,025 | |
| Total equity and liabilities | 10/49 | €843,007 | €836,177 | -€6,830 | -0.8% |
| Equity | 10/15 | €464,110 | €436,939 | -€27,171 | -5.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €390,734 | €387,629 | -€3,105 | -0.8% |
| Non-distributable reserves | 130/1 | - | €10,000 | +€10,000 | |
| Reserves not available under the articles | 1311 | - | €10,000 | +€10,000 | |
| Tax-exempt reserves | 132 | €144,734 | €141,629 | -€3,105 | -2.1% |
| Distributable reserves | 133 | €246,000 | €236,000 | -€10,000 | -4.1% |
| Profit (loss) carried forward | 14 | -€26,624 | -€50,690 | -€24,067 | -90.4% |
| Provisions and deferred taxes | 16 | €48,245 | €47,210 | -€1,035 | -2.1% |
| Deferred taxes | 168 | €48,245 | €47,210 | -€1,035 | -2.1% |
| Amounts payable | 17/49 | €330,652 | €352,028 | +€21,376 | +6.5% |
| Amounts payable after more than one year | 17 | €281,093 | €231,316 | -€49,777 | -17.7% |
| Financial debts | 170/4 | €281,093 | €231,316 | -€49,777 | -17.7% |
| Amounts payable within one year | 42/48 | €49,359 | €120,712 | +€71,353 | +144.6% |
| Current portion of amounts payable after more than one year | 42 | €49,007 | €49,777 | +€769 | +1.6% |
| Trade debts | 44 | €352 | - | -€352 | |
| Suppliers | 440/4 | €352 | - | -€352 | |
| Other amounts payable | 47/48 | - | €70,935 | +€70,935 | |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,813 | €53,184 | +€371 | +0.7% |
| Other operating charges | 640/8 | €4,906 | €5,478 | +€572 | +11.7% |
| Gross operating margin | 9900 | €39,040 | €37,676 | -€1,364 | -3.5% |
| Operating profit (loss) | 9901 | -€18,679 | -€20,986 | -€2,307 | -12.4% |
| Financial income | 75/76B | €502 | €4 | -€498 | -99.1% |
| Recurring financial income | 75 | €502 | €4 | -€498 | -99.1% |
| Financial charges | 65/66B | €11,064 | €10,225 | -€839 | -7.6% |
| Recurring financial charges | 65 | €11,064 | €10,225 | -€839 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,240 | -€31,206 | -€1,966 | -6.7% |
| Transfer from deferred taxes | 780 | €1,035 | €1,035 | = | 0.0% |
| Income taxes | 67/77 | €2,174 | -€3,000 | -€5,174 | |
| Profit (loss) for the period | 9904 | -€30,379 | -€27,171 | +€3,208 | +10.6% |
| Transfer from tax-exempt reserves | 789 | €3,105 | €3,105 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,275 | -€24,067 | +€3,208 | +11.8% |
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.