LANCE: 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.
LANCE
Largest movements
- Stocks and contracts +€52,030
up €52,030 (+7.4%), from €703,468 to €755,498
- Tangible fixed assets +€41,347
up €41,347 (+14.8%), from €279,293 to €320,640
of which Furniture and vehicles: +€70,987
- Cash +€39,458
up €39,458 (+8.0%), from €491,908 to €531,366
mainly Net result for the year (+€180,398) and Depreciation (+€73,392)
- Receivables within one year -€37,443
down €37,443 (-13.5%), from €277,242 to €239,799
of which Trade receivables: -€37,333
- Trade debts -€98,212
down €98,212 (-36.3%), from €270,306 to €172,094
- Reserves +€80,398
up €80,398 (+6.4%), from €1.3m to €1.3m
of which Distributable reserves: +€80,398
- Debts after one year +€64,936
new in 2025: €64,936
- Current portion of long-term debt +€32,408
new in 2025: €32,408
- Other debts +€20,965
up €20,965 (+23.5%), from €89,223 to €110,188
- Gross operating margin +€110,229
up €110,229 (+31.6%), from €348,783 to €459,012
- Other operating charges +€22,835
up €22,835 (+327.0%), from €6,983 to €29,819
- Taxes +€12,863
up €12,863 (+52.4%), from €24,562 to €37,425
- Financial income +€10,970
up €10,970 (+30.8%), from €35,612 to €46,582
- Staff costs +€9,495
up €9,495 (+6.1%), from €154,491 to €163,986
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 | €1,751,911 | €1,847,302 | +€95,392 | +5.4% |
| Fixed assets | 21/28 | €279,293 | €320,640 | +€41,347 | +14.8% |
| Tangible fixed assets | 22/27 | €279,293 | €320,640 | +€41,347 | +14.8% |
| Plant, machinery and equipment | 23 | €250,215 | €220,575 | -€29,641 | -11.8% |
| Furniture and vehicles | 24 | €29,078 | €100,065 | +€70,987 | +244.1% |
| Current assets | 29/58 | €1,472,618 | €1,526,663 | +€54,045 | +3.7% |
| Stocks and contracts in progress | 3 | €703,468 | €755,498 | +€52,030 | +7.4% |
| Stocks | 30/36 | €703,468 | €755,498 | +€52,030 | +7.4% |
| Amounts receivable within one year | 40/41 | €277,242 | €239,799 | -€37,443 | -13.5% |
| Trade receivables | 40 | €274,914 | €237,581 | -€37,333 | -13.6% |
| Other amounts receivable | 41 | €2,328 | €2,218 | -€110 | -4.7% |
| Cash at bank and in hand | 54/58 | €491,908 | €531,366 | +€39,458 | +8.0% |
| Total equity and liabilities | 10/49 | €1,751,911 | €1,847,302 | +€95,392 | +5.4% |
| Equity | 10/15 | €1,314,279 | €1,394,677 | +€80,398 | +6.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,264,279 | €1,344,677 | +€80,398 | +6.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,259,279 | €1,339,677 | +€80,398 | +6.4% |
| Amounts payable | 17/49 | €437,632 | €452,625 | +€14,993 | +3.4% |
| Amounts payable after more than one year | 17 | - | €64,936 | +€64,936 | |
| Financial debts | 170/4 | - | €64,936 | +€64,936 | |
| Amounts payable within one year | 42/48 | €437,632 | €387,689 | -€49,942 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | - | €32,408 | +€32,408 | |
| Trade debts | 44 | €270,306 | €172,094 | -€98,212 | -36.3% |
| Suppliers | 440/4 | €270,306 | €172,094 | -€98,212 | -36.3% |
| Taxes, remuneration and social security | 45 | €78,103 | €73,000 | -€5,103 | -6.5% |
| Taxes | 450/3 | €58,305 | €55,775 | -€2,530 | -4.3% |
| Remuneration and social security | 454/9 | €19,798 | €17,225 | -€2,573 | -13.0% |
| Other amounts payable | 47/48 | €89,223 | €110,188 | +€20,965 | +23.5% |
| Remuneration, social security and pensions | 62 | €154,491 | €163,986 | +€9,495 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,446 | €73,392 | +€8,947 | +13.9% |
| Other operating charges | 640/8 | €6,983 | €29,819 | +€22,835 | +327.0% |
| Gross operating margin | 9900 | €348,783 | €459,012 | +€110,229 | +31.6% |
| Operating profit (loss) | 9901 | €122,863 | €191,816 | +€68,952 | +56.1% |
| Financial income | 75/76B | €35,612 | €46,582 | +€10,970 | +30.8% |
| Recurring financial income | 75 | €35,612 | €46,582 | +€10,970 | +30.8% |
| Financial charges | 65/66B | €21,232 | €20,574 | -€658 | -3.1% |
| Recurring financial charges | 65 | €21,232 | €20,574 | -€658 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €137,243 | €217,823 | +€80,580 | +58.7% |
| Income taxes | 67/77 | €24,562 | €37,425 | +€12,863 | +52.4% |
| Profit (loss) for the period | 9904 | €112,682 | €180,398 | +€67,717 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,682 | €180,398 | +€67,717 | +60.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.