LANRO: what changed
Two financial 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.
LANRO
Largest movements
- Cash +€36,290
up €36,290 (+209%), from €17,371 to €53,661
mainly Net result for the year (+€112,065) and Depreciation (+€6,772)
- Tangible fixed assets -€6,772
down €6,772 (-46.4%), from €14,606 to €7,834
- Profit (loss) carried forward +€112,065
up €112,065 (+37,211%), from €301 to €112,367
- Debts after one year -€64,497
down €64,497 (-20.5%), from €314,242 to €249,746
- Tax, wage and social debts -€15,298
down €15,298 (-40.9%), from €37,399 to €22,101
- Gross operating margin +€70,357
up €70,357 (+73.2%), from €96,086 to €166,444
- Taxes +€13,183
up €13,183 (+49.8%), from €26,496 to €39,679
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.
Derived cash bridge
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 | €556,818 | €587,352 | +€30,535 | +5.5% |
| Fixed assets | 21/28 | €492,002 | €485,230 | -€6,772 | -1.4% |
| Tangible fixed assets | 22/27 | €14,606 | €7,834 | -€6,772 | -46.4% |
| Furniture and vehicles | 24 | €14,606 | €7,834 | -€6,772 | -46.4% |
| Financial fixed assets | 28 | €477,396 | €477,396 | = | 0.0% |
| Current assets | 29/58 | €64,816 | €102,123 | +€37,307 | +57.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,777 | €16,999 | +€1,223 | +7.7% |
| Trade receivables | 40 | €15,428 | €15,428 | = | 0.0% |
| Other amounts receivable | 41 | €349 | €1,572 | +€1,223 | +350% |
| Cash at bank and in hand | 54/58 | €17,371 | €53,661 | +€36,290 | +209% |
| Deferred charges and accrued income | 490/1 | €1,668 | €1,463 | -€205 | -12.3% |
| Total equity and liabilities | 10/49 | €556,818 | €587,352 | +€30,535 | +5.5% |
| Equity | 10/15 | €167,201 | €279,267 | +€112,065 | +67.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,300 | €148,300 | = | 0.0% |
| Distributable reserves | 133 | €148,300 | €148,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €301 | €112,367 | +€112,065 | +37,211% |
| Amounts payable | 17/49 | €389,616 | €308,086 | -€81,531 | -20.9% |
| Amounts payable after more than one year | 17 | €314,242 | €249,746 | -€64,497 | -20.5% |
| Financial debts | 170/4 | €314,242 | €249,746 | -€64,497 | -20.5% |
| Amounts payable within one year | 42/48 | €73,357 | €57,220 | -€16,137 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €33,723 | €34,497 | +€774 | +2.3% |
| Trade debts | 44 | €2,235 | €622 | -€1,613 | -72.2% |
| Suppliers | 440/4 | €2,235 | €622 | -€1,613 | -72.2% |
| Taxes, remuneration and social security | 45 | €37,399 | €22,101 | -€15,298 | -40.9% |
| Taxes | 450/3 | €37,399 | €22,101 | -€15,298 | -40.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,017 | €1,120 | -€897 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,367 | €6,772 | +€406 | +6.4% |
| Other operating charges | 640/8 | €1,929 | €1,836 | -€94 | -4.9% |
| Gross operating margin | 9900 | €96,086 | €166,444 | +€70,357 | +73.2% |
| Operating profit (loss) | 9901 | €87,791 | €157,836 | +€70,045 | +79.8% |
| Financial income | 75/76B | €900 | €900 | = | 0.0% |
| Recurring financial income | 75 | €900 | €900 | = | 0.0% |
| Financial charges | 65/66B | €8,359 | €6,991 | -€1,368 | -16.4% |
| Recurring financial charges | 65 | €8,359 | €6,991 | -€1,368 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €80,331 | €151,744 | +€71,413 | +88.9% |
| Income taxes | 67/77 | €26,496 | €39,679 | +€13,183 | +49.8% |
| Profit (loss) for the period | 9904 | €53,835 | €112,065 | +€58,230 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €53,835 | €112,065 | +€58,230 | +108% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.