LANTMAN: 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.
LANTMAN
Largest movements
- Receivables after one year +€297,000
new in 2026: €297,000
- Receivables within one year -€121,023
down €121,023 (-75.1%), from €161,056 to €40,033
of which Trade receivables: -€134,412
- Cash +€43,175
up €43,175 (+99.8%), from €43,241 to €86,416
mainly Net result for the year (+€161,058) and Receivables within one year (+€121,023)
- Reserves +€90,058
up €90,058 (+41.6%), from €216,559 to €306,617
of which Distributable reserves: +€90,058
- Trade debts +€50,144
up €50,144 (+57.8%), from €86,802 to €136,946
- Other debts +€48,936
up €48,936 (+221.8%), from €22,064 to €71,000
- Tax, wage and social debts +€28,453
up €28,453 (+382.0%), from €7,448 to €35,902
- Gross operating margin +€160,090
up €160,090 (+642.1%), from €24,933 to €185,024
- Financial income -€90,191
down €90,191 (-87.4%), from €103,236 to €13,045
of which Non-recurring financial income: -€98,948
- Taxes +€28,453
up €28,453 (+490.7%), from €5,798 to €34,252
- Depreciation -€5,475
down €5,475 (-77.8%), from €7,036 to €1,561
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,873 | €612,464 | +€217,591 | +55.1% |
| Fixed assets | 21/28 | €190,577 | €189,015 | -€1,561 | -0.8% |
| Intangible fixed assets | 21 | €188,501 | €187,623 | -€878 | -0.5% |
| Tangible fixed assets | 22/27 | €2,075 | €1,392 | -€683 | -32.9% |
| Plant, machinery and equipment | 23 | €1,373 | €915 | -€458 | -33.4% |
| Furniture and vehicles | 24 | €703 | €477 | -€225 | -32.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €204,297 | €423,449 | +€219,152 | +107.3% |
| Amounts receivable after more than one year | 29 | - | €297,000 | +€297,000 | |
| Other amounts receivable | 291 | - | €297,000 | +€297,000 | |
| Amounts receivable within one year | 40/41 | €161,056 | €40,033 | -€121,023 | -75.1% |
| Trade receivables | 40 | €161,056 | €26,644 | -€134,412 | -83.5% |
| Other amounts receivable | 41 | €0 | €13,389 | +€13,389 | |
| Cash at bank and in hand | 54/58 | €43,241 | €86,416 | +€43,175 | +99.8% |
| Total equity and liabilities | 10/49 | €394,873 | €612,464 | +€217,591 | +55.1% |
| Equity | 10/15 | €278,559 | €368,617 | +€90,058 | +32.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €216,559 | €306,617 | +€90,058 | +41.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €210,359 | €300,417 | +€90,058 | +42.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €116,315 | €243,848 | +€127,533 | +109.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €116,315 | €243,848 | +€127,533 | +109.6% |
| Trade debts | 44 | €86,802 | €136,946 | +€50,144 | +57.8% |
| Suppliers | 440/4 | €86,802 | €136,946 | +€50,144 | +57.8% |
| Taxes, remuneration and social security | 45 | €7,448 | €35,902 | +€28,453 | +382.0% |
| Taxes | 450/3 | €7,448 | €35,902 | +€28,453 | +382.0% |
| Other amounts payable | 47/48 | €22,064 | €71,000 | +€48,936 | +221.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,036 | €1,561 | -€5,475 | -77.8% |
| Other operating charges | 640/8 | €856 | €903 | +€47 | +5.5% |
| Gross operating margin | 9900 | €24,933 | €185,024 | +€160,090 | +642.1% |
| Operating profit (loss) | 9901 | €17,041 | €182,559 | +€165,518 | +971.3% |
| Financial income | 75/76B | €103,236 | €13,045 | -€90,191 | -87.4% |
| Recurring financial income | 75 | €4,288 | €13,045 | +€8,756 | +204.2% |
| Non-recurring financial income | 76B | €98,948 | €0 | -€98,948 | -100.0% |
| Financial charges | 65/66B | €395 | €294 | -€101 | -25.5% |
| Recurring financial charges | 65 | €395 | €294 | -€101 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €119,882 | €195,309 | +€75,427 | +62.9% |
| Income taxes | 67/77 | €5,798 | €34,252 | +€28,453 | +490.7% |
| Profit (loss) for the period | 9904 | €114,084 | €161,058 | +€46,974 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,084 | €161,058 | +€46,974 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.