LEAN²: 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.
LEAN²
Largest movements
- Current investments +€215,000
up €215,000 (+35.2%), from €610,000 to €825,000
- Cash +€79,928
up €79,928 (+288%), from €27,734 to €107,661
mainly Net result for the year (+€243,488) and Tax, wage and social debts (+€71,597)
- Receivables within one year +€31,245
up €31,245 (+21.6%), from €144,787 to €176,032
of which Other amounts receivable: +€16,968
- Tangible fixed assets -€13,208
down €13,208 (-8.4%), from €157,682 to €144,474
of which Land and buildings: -€13,671
- Reserves +€243,488
up €243,488 (+30.4%), from €802,122 to €1.0m
- Tax, wage and social debts +€71,597
up €71,597 (+58.2%), from €122,959 to €194,556
- Gross operating margin -€89,321
down €89,321 (-21.6%), from €412,644 to €323,322
- Taxes -€25,607
down €25,607 (-25.2%), from €101,659 to €76,052
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 | €950,935 | €1,259,678 | +€308,743 | +32.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €157,682 | €144,474 | -€13,208 | -8.4% |
| Tangible fixed assets | 22/27 | €157,682 | €144,474 | -€13,208 | -8.4% |
| Land and buildings | 22 | €121,648 | €107,977 | -€13,671 | -11.2% |
| Plant, machinery and equipment | 23 | €9,692 | €13,441 | +€3,749 | +38.7% |
| Furniture and vehicles | 24 | €26,342 | €23,056 | -€3,286 | -12.5% |
| Current assets | 29/58 | €793,253 | €1,115,204 | +€321,951 | +40.6% |
| Amounts receivable within one year | 40/41 | €144,787 | €176,032 | +€31,245 | +21.6% |
| Trade receivables | 40 | €112,080 | €126,357 | +€14,277 | +12.7% |
| Other amounts receivable | 41 | €32,707 | €49,675 | +€16,968 | +51.9% |
| Current investments | 50/53 | €610,000 | €825,000 | +€215,000 | +35.2% |
| Cash at bank and in hand | 54/58 | €27,734 | €107,661 | +€79,928 | +288% |
| Deferred charges and accrued income | 490/1 | €10,732 | €6,510 | -€4,222 | -39.3% |
| Total equity and liabilities | 10/49 | €950,935 | €1,259,678 | +€308,743 | +32.5% |
| Equity | 10/15 | €807,122 | €1,050,610 | +€243,488 | +30.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €802,122 | €1,045,610 | +€243,488 | +30.4% |
| Distributable reserves | 133 | €802,122 | €1,045,610 | +€243,488 | +30.4% |
| Amounts payable | 17/49 | €143,813 | €209,067 | +€65,255 | +45.4% |
| Amounts payable within one year | 42/48 | €140,558 | €207,114 | +€66,557 | +47.4% |
| Trade debts | 44 | €17,599 | €12,558 | -€5,041 | -28.6% |
| Suppliers | 440/4 | €17,599 | €12,558 | -€5,041 | -28.6% |
| Taxes, remuneration and social security | 45 | €122,959 | €194,556 | +€71,597 | +58.2% |
| Taxes | 450/3 | €122,959 | €194,556 | +€71,597 | +58.2% |
| Accrued charges and deferred income | 492/3 | €3,255 | €1,953 | -€1,302 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,343 | €19,654 | +€1,311 | +7.1% |
| Other operating charges | 640/8 | €287 | €644 | +€357 | +125% |
| Non-recurring operating charges | 66A | €0 | €652 | +€652 | |
| Gross operating margin | 9900 | €412,644 | €323,322 | -€89,321 | -21.6% |
| Operating profit (loss) | 9901 | €394,014 | €302,372 | -€91,642 | -23.3% |
| Financial income | 75/76B | €17,360 | €17,480 | +€120 | +0.7% |
| Recurring financial income | 75 | €17,360 | €17,480 | +€120 | +0.7% |
| Financial charges | 65/66B | €630 | €312 | -€319 | -50.6% |
| Recurring financial charges | 65 | €630 | €312 | -€319 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €410,744 | €319,541 | -€91,203 | -22.2% |
| Income taxes | 67/77 | €101,659 | €76,052 | -€25,607 | -25.2% |
| Profit (loss) for the period | 9904 | €309,085 | €243,488 | -€65,596 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €309,085 | €243,488 | -€65,596 | -21.2% |
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 29 October 2026 via checked.be.