AURELIEN LENAERTS: 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.
AURELIEN LENAERTS
Largest movements
- Cash +€90,819
up €90,819 (+862.3%), from €10,532 to €101,351
mainly Other debts (+€76,337) and Current investments (+€68,824)
- Current investments -€68,824
down €68,824 (-62.7%), from €109,761 to €40,937
- Receivables within one year -€27,815
no longer reported in 2025 (was €27,815)
- Tangible fixed assets -€8,605
down €8,605 (-23.1%), from €37,331 to €28,726
- Other debts +€76,337
up €76,337 (+179.6%), from €42,500 to €118,837
- Profit (loss) carried forward -€72,026
down €72,026 (-99.4%), from €72,447 to €421
- Tax, wage and social debts -€12,261
down €12,261 (-45.3%), from €27,053 to €14,792
- Debts after one year -€6,246
down €6,246 (-41.8%), from €14,958 to €8,712
- Gross operating margin -€7,760
down €7,760 (-9.8%), from €79,473 to €71,713
- Financial income +€2,619
up €2,619 (+114.3%), from €2,292 to €4,911
- Other operating charges -€1,744
down €1,744 (-71.2%), from €2,448 to €704
- Depreciation +€1,704
up €1,704 (+22.3%), from €7,644 to €9,348
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 | €185,439 | €171,014 | -€14,425 | -7.8% |
| Fixed assets | 21/28 | €37,331 | €28,726 | -€8,605 | -23.1% |
| Tangible fixed assets | 22/27 | €37,331 | €28,726 | -€8,605 | -23.1% |
| Furniture and vehicles | 24 | €37,331 | €28,726 | -€8,605 | -23.1% |
| Current assets | 29/58 | €148,108 | €142,288 | -€5,820 | -3.9% |
| Amounts receivable within one year | 40/41 | €27,815 | - | -€27,815 | |
| Other amounts receivable | 41 | €27,815 | - | -€27,815 | |
| Current investments | 50/53 | €109,761 | €40,937 | -€68,824 | -62.7% |
| Cash at bank and in hand | 54/58 | €10,532 | €101,351 | +€90,819 | +862.3% |
| Total equity and liabilities | 10/49 | €185,439 | €171,014 | -€14,425 | -7.8% |
| Equity | 10/15 | €92,947 | €20,921 | -€72,026 | -77.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,447 | €421 | -€72,026 | -99.4% |
| Amounts payable | 17/49 | €92,492 | €150,093 | +€57,601 | +62.3% |
| Amounts payable after more than one year | 17 | €14,958 | €8,712 | -€6,246 | -41.8% |
| Financial debts | 170/4 | €14,958 | €8,712 | -€6,246 | -41.8% |
| Amounts payable within one year | 42/48 | €77,534 | €141,381 | +€63,847 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €6,009 | €6,245 | +€236 | +3.9% |
| Trade debts | 44 | €1,972 | €1,507 | -€465 | -23.6% |
| Suppliers | 440/4 | €1,972 | €1,507 | -€465 | -23.6% |
| Taxes, remuneration and social security | 45 | €27,053 | €14,792 | -€12,261 | -45.3% |
| Taxes | 450/3 | €27,053 | €14,792 | -€12,261 | -45.3% |
| Other amounts payable | 47/48 | €42,500 | €118,837 | +€76,337 | +179.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,644 | €9,348 | +€1,704 | +22.3% |
| Other operating charges | 640/8 | €2,448 | €704 | -€1,744 | -71.2% |
| Gross operating margin | 9900 | €79,473 | €71,713 | -€7,760 | -9.8% |
| Operating profit (loss) | 9901 | €69,381 | €61,661 | -€7,720 | -11.1% |
| Financial income | 75/76B | €2,292 | €4,911 | +€2,619 | +114.3% |
| Recurring financial income | 75 | €2,292 | €4,911 | +€2,619 | +114.3% |
| Financial charges | 65/66B | €941 | €706 | -€235 | -25.0% |
| Recurring financial charges | 65 | €941 | €706 | -€235 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €70,732 | €65,866 | -€4,866 | -6.9% |
| Income taxes | 67/77 | €20,241 | €19,892 | -€349 | -1.7% |
| Profit (loss) for the period | 9904 | €50,491 | €45,974 | -€4,517 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,491 | €45,974 | -€4,517 | -8.9% |
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 8 October 2026 via checked.be.