LANTMEETERS BART: 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.
LANTMEETERS BART
Largest movements
- Cash -€109,843
down €109,843 (-69.8%), from €157,397 to €47,553
mainly Contributions, distributions and other (-€131,870) and Current investments (-€54,268)
- Current investments +€54,268
up €54,268 (+32.2%), from €168,293 to €222,561
- Tangible fixed assets -€12,044
down €12,044 (-21.9%), from €55,111 to €43,067
of which Furniture and vehicles: -€8,759
- Reserves -€81,865
down €81,865 (-25.2%), from €324,517 to €242,653
- Other debts +€18,923
up €18,923 (+62.6%), from €30,206 to €49,129
- Trade debts +€4,994
up €4,994 (+65.0%), from €7,677 to €12,670
- Gross operating margin -€17,780
down €17,780 (-12.9%), from €137,801 to €120,022
- Staff costs +€5,880
up €5,880 (+16.4%), from €35,892 to €41,772
- Financial charges -€4,947
down €4,947 (-54.7%), from €9,037 to €4,090
- Financial income +€4,501
up €4,501 (+70.6%), from €6,373 to €10,874
- Taxes -€3,906
down €3,906 (-16.9%), from €23,125 to €19,218
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 | €430,830 | €370,027 | -€60,803 | -14.1% |
| Fixed assets | 21/28 | €58,611 | €46,567 | -€12,044 | -20.5% |
| Tangible fixed assets | 22/27 | €55,111 | €43,067 | -€12,044 | -21.9% |
| Plant, machinery and equipment | 23 | €22,038 | €18,753 | -€3,285 | -14.9% |
| Furniture and vehicles | 24 | €32,251 | €23,492 | -€8,759 | -27.2% |
| Other tangible fixed assets | 26 | €822 | €822 | = | 0.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €372,219 | €323,460 | -€48,759 | -13.1% |
| Stocks and contracts in progress | 3 | €32,285 | €36,144 | +€3,858 | +12.0% |
| Stocks | 30/36 | €32,285 | €36,144 | +€3,858 | +12.0% |
| Amounts receivable within one year | 40/41 | €9,495 | €13,169 | +€3,674 | +38.7% |
| Trade receivables | 40 | €4,608 | €3,154 | -€1,453 | -31.5% |
| Other amounts receivable | 41 | €4,887 | €10,015 | +€5,128 | +104.9% |
| Current investments | 50/53 | €168,293 | €222,561 | +€54,268 | +32.2% |
| Cash at bank and in hand | 54/58 | €157,397 | €47,553 | -€109,843 | -69.8% |
| Deferred charges and accrued income | 490/1 | €4,749 | €4,033 | -€716 | -15.1% |
| Total equity and liabilities | 10/49 | €430,830 | €370,027 | -€60,803 | -14.1% |
| Equity | 10/15 | €369,528 | €287,663 | -€81,865 | -22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,517 | €242,653 | -€81,865 | -25.2% |
| Distributable reserves | 133 | €324,517 | €242,653 | -€81,865 | -25.2% |
| Profit (loss) carried forward | 14 | €26,411 | €26,411 | = | 0.0% |
| Amounts payable | 17/49 | €61,303 | €82,364 | +€21,062 | +34.4% |
| Amounts payable within one year | 42/48 | €61,303 | €82,364 | +€21,062 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €2,529 | €2,529 | -€0 | 0.0% |
| Trade debts | 44 | €7,677 | €12,670 | +€4,994 | +65.0% |
| Suppliers | 440/4 | €7,677 | €12,670 | +€4,994 | +65.0% |
| Taxes, remuneration and social security | 45 | €20,891 | €18,037 | -€2,855 | -13.7% |
| Taxes | 450/3 | €13,663 | €10,644 | -€3,018 | -22.1% |
| Remuneration and social security | 454/9 | €7,229 | €7,393 | +€164 | +2.3% |
| Other amounts payable | 47/48 | €30,206 | €49,129 | +€18,923 | +62.6% |
| Remuneration, social security and pensions | 62 | €35,892 | €41,772 | +€5,880 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,191 | €14,874 | -€316 | -2.1% |
| Other operating charges | 640/8 | €1,283 | €935 | -€348 | -27.1% |
| Gross operating margin | 9900 | €137,801 | €120,022 | -€17,780 | -12.9% |
| Operating profit (loss) | 9901 | €85,435 | €62,440 | -€22,996 | -26.9% |
| Financial income | 75/76B | €6,373 | €10,874 | +€4,501 | +70.6% |
| Recurring financial income | 75 | €6,373 | €10,874 | +€4,501 | +70.6% |
| Financial charges | 65/66B | €9,037 | €4,090 | -€4,947 | -54.7% |
| Recurring financial charges | 65 | €9,037 | €4,090 | -€4,947 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €82,771 | €69,224 | -€13,547 | -16.4% |
| Income taxes | 67/77 | €23,125 | €19,218 | -€3,906 | -16.9% |
| Profit (loss) for the period | 9904 | €59,646 | €50,005 | -€9,641 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,646 | €50,005 | -€9,641 | -16.2% |
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 11 October 2026 via checked.be.