NICOLAS VAN LANCKER: what changed
NICOLAS VAN LANCKER
Largest movements
- Cash +€22,954
up €22,954 (+21.2%), from €108,084 to €131,038
mainly Net result for the year (+€28,647) and Current portion of long-term debt (+€17,996)
- Tangible fixed assets +€19,372
up €19,372 (+41.3%), from €46,931 to €66,303
of which Furniture and vehicles: +€24,020
- Receivables within one year +€5,015
up €5,015 (+25.8%), from €19,419 to €24,434
- Deferred charges and accrued income -€3,426
no longer reported in 2025 (was €3,426)
- Profit (loss) carried forward +€28,647
up €28,647 (+22.9%), from €125,031 to €153,678
- Tax, wage and social debts -€18,700
no longer reported in 2025 (was €18,700)
- Current portion of long-term debt +€17,996
up €17,996 (+348%), from €5,168 to €23,164
- Debts after one year +€12,302
up €12,302 (+45.9%), from €26,821 to €39,123
- Trade debts +€3,670
up €3,670 (+322%), from €1,140 to €4,810
- Gross operating margin -€41,235
down €41,235 (-40.8%), from €101,183 to €59,948
- Depreciation +€1,953
up €1,953 (+38.8%), from €5,035 to €6,988
- Other operating charges -€1,503
down €1,503 (-63.8%), from €2,354 to €851
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,860 | €221,775 | +€43,915 | +24.7% |
| Fixed assets | 21/28 | €46,931 | €66,303 | +€19,372 | +41.3% |
| Tangible fixed assets | 22/27 | €46,931 | €66,303 | +€19,372 | +41.3% |
| Plant, machinery and equipment | 23 | €42,910 | €38,261 | -€4,649 | -10.8% |
| Furniture and vehicles | 24 | €4,021 | €28,042 | +€24,020 | +597% |
| Current assets | 29/58 | €130,929 | €155,472 | +€24,543 | +18.7% |
| Amounts receivable within one year | 40/41 | €19,419 | €24,434 | +€5,015 | +25.8% |
| Other amounts receivable | 41 | €19,419 | €24,434 | +€5,015 | +25.8% |
| Cash at bank and in hand | 54/58 | €108,084 | €131,038 | +€22,954 | +21.2% |
| Deferred charges and accrued income | 490/1 | €3,426 | - | -€3,426 | |
| Total equity and liabilities | 10/49 | €177,860 | €221,775 | +€43,915 | +24.7% |
| Equity | 10/15 | €126,031 | €154,678 | +€28,647 | +22.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,031 | €153,678 | +€28,647 | +22.9% |
| Amounts payable | 17/49 | €51,829 | €67,097 | +€15,268 | +29.5% |
| Amounts payable after more than one year | 17 | €26,821 | €39,123 | +€12,302 | +45.9% |
| Financial debts | 170/4 | €26,821 | €39,123 | +€12,302 | +45.9% |
| Amounts payable within one year | 42/48 | €25,008 | €27,974 | +€2,966 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €5,168 | €23,164 | +€17,996 | +348% |
| Trade debts | 44 | €1,140 | €4,810 | +€3,670 | +322% |
| Suppliers | 440/4 | €1,140 | €4,810 | +€3,670 | +322% |
| Taxes, remuneration and social security | 45 | €18,700 | - | -€18,700 | |
| Taxes | 450/3 | €18,700 | - | -€18,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,035 | €6,988 | +€1,953 | +38.8% |
| Other operating charges | 640/8 | €2,354 | €851 | -€1,503 | -63.8% |
| Gross operating margin | 9900 | €101,183 | €59,948 | -€41,235 | -40.8% |
| Operating profit (loss) | 9901 | €93,794 | €52,109 | -€41,685 | -44.4% |
| Financial income | 75/76B | €611 | €1,188 | +€577 | +94.4% |
| Recurring financial income | 75 | €611 | €1,188 | +€577 | +94.4% |
| Financial charges | 65/66B | €5,521 | €5,032 | -€489 | -8.9% |
| Recurring financial charges | 65 | €5,521 | €5,032 | -€489 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €88,884 | €48,265 | -€40,619 | -45.7% |
| Income taxes | 67/77 | €19,107 | €19,617 | +€510 | +2.7% |
| Profit (loss) for the period | 9904 | €69,776 | €28,647 | -€41,129 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,776 | €28,647 | -€41,129 | -58.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.