PHILIP VAN LANCKER: 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.
PHILIP VAN LANCKER
Largest movements
- Tangible fixed assets -€27,556
down €27,556 (-26.0%), from €105,816 to €78,261
of which Furniture and vehicles: -€14,041
- Receivables within one year +€18,518
up €18,518 (+48.0%), from €38,560 to €57,078
of which Other amounts receivable: +€14,966
- Cash +€15,127
up €15,127 (+86.6%), from €17,466 to €32,593
mainly Net result for the year (+€45,915) and Depreciation (+€15,815)
- Deferred charges and accrued income -€3,083
down €3,083 (-41.4%), from €7,452 to €4,369
- Reserves +€44,249
up €44,249 (+51.5%), from €85,989 to €130,238
of which Distributable reserves: +€44,249
- Debts after one year -€38,344
down €38,344 (-72.7%), from €52,760 to €14,416
- Tax, wage and social debts +€14,570
up €14,570 (+206%), from €7,077 to €21,647
of which Taxes: +€16,574
- Trade debts -€10,538
down €10,538 (-68.3%), from €15,420 to €4,882
- Other debts -€7,657
down €7,657 (-78.4%), from €9,770 to €2,113
- Gross operating margin +€47,825
up €47,825 (+114%), from €41,920 to €89,745
- Taxes +€21,935
up €21,935 (+1,321%), from €1,660 to €23,596
- Depreciation -€14,614
down €14,614 (-48.0%), from €30,428 to €15,815
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 | €204,430 | €207,436 | +€3,006 | +1.5% |
| Fixed assets | 21/28 | €105,951 | €78,396 | -€27,556 | -26.0% |
| Tangible fixed assets | 22/27 | €105,816 | €78,261 | -€27,556 | -26.0% |
| Plant, machinery and equipment | 23 | €613 | €327 | -€285 | -46.6% |
| Furniture and vehicles | 24 | €64,158 | €50,118 | -€14,041 | -21.9% |
| Leasing and similar rights | 25 | €37,944 | €25,296 | -€12,648 | -33.3% |
| Other tangible fixed assets | 26 | €3,102 | €2,520 | -€582 | -18.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €98,479 | €129,040 | +€30,562 | +31.0% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,560 | €57,078 | +€18,518 | +48.0% |
| Trade receivables | 40 | €18,560 | €22,112 | +€3,552 | +19.1% |
| Other amounts receivable | 41 | €20,000 | €34,966 | +€14,966 | +74.8% |
| Cash at bank and in hand | 54/58 | €17,466 | €32,593 | +€15,127 | +86.6% |
| Deferred charges and accrued income | 490/1 | €7,452 | €4,369 | -€3,083 | -41.4% |
| Total equity and liabilities | 10/49 | €204,430 | €207,436 | +€3,006 | +1.5% |
| Equity | 10/15 | €94,064 | €137,688 | +€43,624 | +46.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,989 | €130,238 | +€44,249 | +51.5% |
| Tax-exempt reserves | 132 | €25,042 | €25,042 | = | 0.0% |
| Distributable reserves | 133 | €60,947 | €105,196 | +€44,249 | +72.6% |
| Investment grants | 15 | €1,875 | €1,250 | -€625 | -33.3% |
| Amounts payable | 17/49 | €110,366 | €69,748 | -€40,618 | -36.8% |
| Amounts payable after more than one year | 17 | €52,760 | €14,416 | -€38,344 | -72.7% |
| Financial debts | 170/4 | €52,760 | €14,416 | -€38,344 | -72.7% |
| Amounts payable within one year | 42/48 | €57,606 | €51,521 | -€6,086 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €25,340 | €22,879 | -€2,461 | -9.7% |
| Trade debts | 44 | €15,420 | €4,882 | -€10,538 | -68.3% |
| Suppliers | 440/4 | €15,420 | €4,882 | -€10,538 | -68.3% |
| Taxes, remuneration and social security | 45 | €7,077 | €21,647 | +€14,570 | +206% |
| Taxes | 450/3 | €5,073 | €21,647 | +€16,574 | +327% |
| Remuneration and social security | 454/9 | €2,004 | - | -€2,004 | |
| Other amounts payable | 47/48 | €9,770 | €2,113 | -€7,657 | -78.4% |
| Accrued charges and deferred income | 492/3 | - | €3,811 | +€3,811 | |
| Non-recurring operating income | 76A | - | €28,228 | +€28,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,428 | €15,815 | -€14,614 | -48.0% |
| Other operating charges | 640/8 | €2,802 | €2,081 | -€721 | -25.7% |
| Non-recurring operating charges | 66A | €462 | €153 | -€309 | -66.9% |
| Gross operating margin | 9900 | €41,920 | €89,745 | +€47,825 | +114% |
| Operating profit (loss) | 9901 | €8,228 | €71,697 | +€63,469 | +771% |
| Financial income | 75/76B | €2,513 | €2,152 | -€361 | -14.4% |
| Recurring financial income | 75 | €2,513 | €2,152 | -€361 | -14.4% |
| Financial charges | 65/66B | €5,131 | €4,338 | -€793 | -15.5% |
| Recurring financial charges | 65 | €5,131 | €4,338 | -€793 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €5,610 | €69,511 | +€63,901 | +1,139% |
| Income taxes | 67/77 | €1,660 | €23,596 | +€21,935 | +1,321% |
| Profit (loss) for the period | 9904 | €3,950 | €45,915 | +€41,966 | +1,063% |
| Profit (loss) for the period to be appropriated | 9905 | €3,950 | €45,915 | +€41,966 | +1,063% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.