STANISLAS LANCKRIET: 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.
STANISLAS LANCKRIET
Largest movements
- Receivables within one year +€80,955
up €80,955 (+301%), from €26,890 to €107,845
of which Trade receivables: +€74,381
- Tangible fixed assets -€36,659
down €36,659 (-12.2%), from €301,720 to €265,061
of which Land and buildings: -€26,431
- Stocks and contracts -€30,356
no longer reported in 2025 (was €30,356)
- Cash -€20,494
down €20,494 (-64.9%), from €31,586 to €11,092
mainly Receivables within one year (-€80,955) and Other debts (-€52,029)
- Other debts -€52,029
down €52,029 (-35.8%), from €145,478 to €93,448
- Reserves +€32,250
up €32,250 (+24.3%), from €132,844 to €165,094
of which Non-distributable reserves: +€32,250
- Tax, wage and social debts +€14,294
up €14,294 (+131%), from €10,910 to €25,204
of which Taxes: +€14,294
- Debts after one year -€10,784
down €10,784 (-15.7%), from €68,765 to €57,981
- Trade debts +€8,063
up €8,063 (+290%), from €2,785 to €10,848
- Depreciation -€17,310
down €17,310 (-31.2%), from €55,513 to €38,203
- Gross operating margin +€11,599
up €11,599 (+14.0%), from €82,813 to €94,412
- Taxes +€6,141
up €6,141 (+84.3%), from €7,285 to €13,426
- Financial charges +€3,093
up €3,093 (+98.0%), from €3,158 to €6,251
- Other operating charges +€1,968
up €1,968 (+85.1%), from €2,314 to €4,282
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 | €392,676 | €385,400 | -€7,276 | -1.9% |
| Fixed assets | 21/28 | €301,720 | €265,061 | -€36,659 | -12.2% |
| Tangible fixed assets | 22/27 | €301,720 | €265,061 | -€36,659 | -12.2% |
| Land and buildings | 22 | €272,254 | €245,823 | -€26,431 | -9.7% |
| Plant, machinery and equipment | 23 | €12,431 | €9,321 | -€3,110 | -25.0% |
| Furniture and vehicles | 24 | €17,035 | €9,917 | -€7,118 | -41.8% |
| Current assets | 29/58 | €90,956 | €120,339 | +€29,383 | +32.3% |
| Stocks and contracts in progress | 3 | €30,356 | - | -€30,356 | |
| Contracts in progress | 37 | €30,356 | - | -€30,356 | |
| Amounts receivable within one year | 40/41 | €26,890 | €107,845 | +€80,955 | +301% |
| Trade receivables | 40 | €26,890 | €101,272 | +€74,381 | +277% |
| Other amounts receivable | 41 | - | €6,574 | +€6,574 | |
| Cash at bank and in hand | 54/58 | €31,586 | €11,092 | -€20,494 | -64.9% |
| Deferred charges and accrued income | 490/1 | €2,124 | €1,401 | -€722 | -34.0% |
| Total equity and liabilities | 10/49 | €392,676 | €385,400 | -€7,276 | -1.9% |
| Equity | 10/15 | €152,147 | €184,396 | +€32,250 | +21.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €132,844 | €165,094 | +€32,250 | +24.3% |
| Non-distributable reserves | 130/1 | €118,739 | €150,988 | +€32,250 | +27.2% |
| Other | 1319 | €118,739 | €150,988 | +€32,250 | +27.2% |
| Tax-exempt reserves | 132 | €233 | €233 | = | 0.0% |
| Distributable reserves | 133 | €13,872 | €13,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €752 | €752 | = | 0.0% |
| Amounts payable | 17/49 | €240,529 | €201,003 | -€39,526 | -16.4% |
| Amounts payable after more than one year | 17 | €68,765 | €57,981 | -€10,784 | -15.7% |
| Financial debts | 170/4 | €68,765 | €57,981 | -€10,784 | -15.7% |
| Amounts payable within one year | 42/48 | €169,875 | €140,285 | -€29,590 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €10,702 | €10,784 | +€82 | +0.8% |
| Trade debts | 44 | €2,785 | €10,848 | +€8,063 | +290% |
| Suppliers | 440/4 | €2,785 | €10,848 | +€8,063 | +290% |
| Taxes, remuneration and social security | 45 | €10,910 | €25,204 | +€14,294 | +131% |
| Taxes | 450/3 | €8,910 | €23,204 | +€14,294 | +160% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €145,478 | €93,448 | -€52,029 | -35.8% |
| Accrued charges and deferred income | 492/3 | €1,889 | €2,737 | +€849 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,513 | €38,203 | -€17,310 | -31.2% |
| Other operating charges | 640/8 | €2,314 | €4,282 | +€1,968 | +85.1% |
| Gross operating margin | 9900 | €82,813 | €94,412 | +€11,599 | +14.0% |
| Operating profit (loss) | 9901 | €24,986 | €51,927 | +€26,941 | +108% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €3,158 | €6,251 | +€3,093 | +98.0% |
| Recurring financial charges | 65 | €3,158 | €6,251 | +€3,093 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €21,829 | €45,676 | +€23,847 | +109% |
| Income taxes | 67/77 | €7,285 | €13,426 | +€6,141 | +84.3% |
| Profit (loss) for the period | 9904 | €14,544 | €32,250 | +€17,706 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €14,544 | €32,250 | +€17,706 | +122% |
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 26 October 2026 via checked.be.