LANTERNEAU: 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.
LANTERNEAU
Largest movements
- Tangible fixed assets -€289,145
down €289,145 (-8.0%), from €3.6m to €3.3m
- Receivables within one year -€206,660
down €206,660 (-71.8%), from €287,719 to €81,059
of which Other amounts receivable: -€229,268
- Cash -€63,365
down €63,365 (-92.4%), from €68,554 to €5,189
mainly Debts after one year (-€288,360) and Short-term financial debts (-€234,667)
- Debts after one year -€288,360
down €288,360 (-19.9%), from €1.4m to €1.2m
- Short-term financial debts -€234,667
down €234,667 (-9.1%), from €2.6m to €2.3m
- Profit (loss) carried forward -€80,275
down €80,275 (-28.8%), from -€278,456 to -€358,731
- Depreciation +€69,801
up €69,801 (+31.8%), from €219,344 to €289,145
- Financial charges -€69,072
down €69,072 (-29.3%), from €236,033 to €166,961
- Gross operating margin +€48,083
up €48,083 (+13.4%), from €358,161 to €406,244
- Turnover +€12,164
up €12,164 (+3.1%), from €390,504 to €402,668
- Purchases and services +€5,338
up €5,338 (+5.4%), from €99,397 to €104,735
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 | €4,153,041 | €3,584,651 | -€568,389 | -13.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,634,207 | €3,345,062 | -€289,145 | -8.0% |
| Tangible fixed assets | 22/27 | €3,634,207 | €3,345,062 | -€289,145 | -8.0% |
| Land and buildings | 22 | €3,634,207 | €3,345,062 | -€289,145 | -8.0% |
| Current assets | 29/58 | €518,834 | €239,589 | -€279,244 | -53.8% |
| Amounts receivable within one year | 40/41 | €287,719 | €81,059 | -€206,660 | -71.8% |
| Trade receivables | 40 | €53,650 | €76,257 | +€22,607 | +42.1% |
| Other amounts receivable | 41 | €234,070 | €4,802 | -€229,268 | -97.9% |
| Cash at bank and in hand | 54/58 | €68,554 | €5,189 | -€63,365 | -92.4% |
| Deferred charges and accrued income | 490/1 | €162,560 | €153,341 | -€9,219 | -5.7% |
| Total equity and liabilities | 10/49 | €4,153,041 | €3,584,651 | -€568,389 | -13.7% |
| Equity | 10/15 | €91,544 | €11,269 | -€80,275 | -87.7% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,456 | -€358,731 | -€80,275 | -28.8% |
| Amounts payable | 17/49 | €4,061,496 | €3,573,382 | -€488,114 | -12.0% |
| Amounts payable after more than one year | 17 | €1,447,115 | €1,158,755 | -€288,360 | -19.9% |
| Other amounts payable | 178/9 | €1,447,115 | €1,158,755 | -€288,360 | -19.9% |
| Amounts payable within one year | 42/48 | €2,614,381 | €2,406,682 | -€207,699 | -7.9% |
| Financial debts | 43 | €2,581,333 | €2,346,667 | -€234,667 | -9.1% |
| Credit institutions | 430/8 | €2,581,333 | €2,346,667 | -€234,667 | -9.1% |
| Trade debts | 44 | €33,048 | €41,031 | +€7,984 | +24.2% |
| Suppliers | 440/4 | €33,048 | €41,031 | +€7,984 | +24.2% |
| Taxes, remuneration and social security | 45 | - | €18,984 | +€18,984 | |
| Taxes | 450/3 | - | €18,984 | +€18,984 | |
| Accrued charges and deferred income | 492/3 | €0 | €7,945 | +€7,945 | |
| Turnover | 70 | €390,504 | €402,668 | +€12,164 | +3.1% |
| Non-recurring operating income | 76A | €19,125 | €39,240 | +€20,115 | +105.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,397 | €104,735 | +€5,338 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,344 | €289,145 | +€69,801 | +31.8% |
| Other operating charges | 640/8 | €28,486 | €30,413 | +€1,927 | +6.8% |
| Gross operating margin | 9900 | €358,161 | €406,244 | +€48,083 | +13.4% |
| Operating profit (loss) | 9901 | €110,331 | €86,686 | -€23,645 | -21.4% |
| Financial charges | 65/66B | €236,033 | €166,961 | -€69,072 | -29.3% |
| Recurring financial charges | 65 | €236,033 | €166,961 | -€69,072 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€125,702 | -€80,275 | +€45,427 | +36.1% |
| Profit (loss) for the period | 9904 | -€125,702 | -€80,275 | +€45,427 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,702 | -€80,275 | +€45,427 | +36.1% |
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 7 October 2026 via checked.be.