LEAN INVEST: 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.
LEAN INVEST
Largest movements
- Tangible fixed assets -€13,081
down €13,081 (-1.4%), from €940,599 to €927,518
of which Land and buildings: -€8,548
- Debts after one year -€45,099
down €45,099 (-13.9%), from €323,408 to €278,309
of which Financial debts: -€44,119
- Current portion of long-term debt +€25,052
new in 2024: €25,052
- Other debts +€23,573
up €23,573 (+19.5%), from €120,788 to €144,362
- Profit (loss) carried forward -€14,651
down €14,651 (-10.2%), from -€143,714 to -€158,365
- Gross operating margin +€18,090
up €18,090 (+143%), from €12,662 to €30,753
- Financial charges +€11,300
up €11,300 (+60.1%), from €18,807 to €30,107
- Depreciation +€3,744
up €3,744 (+40.1%), from €9,337 to €13,081
- Other operating charges +€2,216
new in 2024: €2,216
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €972,062 | €970,882 | -€1,180 | -0.1% |
| Fixed assets | 21/28 | €940,599 | €927,518 | -€13,081 | -1.4% |
| Tangible fixed assets | 22/27 | €940,599 | €927,518 | -€13,081 | -1.4% |
| Land and buildings | 22 | €839,031 | €830,483 | -€8,548 | -1.0% |
| Plant, machinery and equipment | 23 | €74,755 | €70,821 | -€3,933 | -5.3% |
| Furniture and vehicles | 24 | €24,664 | €24,065 | -€599 | -2.4% |
| Other tangible fixed assets | 26 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €31,463 | €43,363 | +€11,901 | +37.8% |
| Stocks and contracts in progress | 3 | - | €73 | +€73 | |
| Contracts in progress | 37 | - | €73 | +€73 | |
| Amounts receivable within one year | 40/41 | €31,404 | €37,465 | +€6,061 | +19.3% |
| Trade receivables | 40 | €31,404 | €37,465 | +€6,061 | +19.3% |
| Cash at bank and in hand | 54/58 | €59 | €14 | -€45 | -76.7% |
| Deferred charges and accrued income | 490/1 | - | €5,812 | +€5,812 | |
| Total equity and liabilities | 10/49 | €972,062 | €970,882 | -€1,180 | -0.1% |
| Equity | 10/15 | €509,247 | €494,596 | -€14,651 | -2.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Contributions outside capital | 11 | €6,500 | €6,500 | = | 0.0% |
| Other | 1109/19 | €6,500 | €6,500 | = | 0.0% |
| Revaluation surpluses | 12 | €646,461 | €646,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,714 | -€158,365 | -€14,651 | -10.2% |
| Provisions and deferred taxes | 16 | - | €5,160 | +€5,160 | |
| Provisions for liabilities and charges | 160/5 | - | €5,160 | +€5,160 | |
| Other liabilities and charges | 164/5 | - | €5,160 | +€5,160 | |
| Amounts payable | 17/49 | €462,815 | €471,126 | +€8,311 | +1.8% |
| Amounts payable after more than one year | 17 | €323,408 | €278,309 | -€45,099 | -13.9% |
| Financial debts | 170/4 | €317,268 | €273,149 | -€44,119 | -13.9% |
| Other amounts payable | 178/9 | €6,140 | €5,160 | -€980 | -16.0% |
| Amounts payable within one year | 42/48 | €139,407 | €192,817 | +€53,410 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | - | €25,052 | +€25,052 | |
| Trade debts | 44 | €7,813 | €5,117 | -€2,696 | -34.5% |
| Suppliers | 440/4 | €7,813 | €5,117 | -€2,696 | -34.5% |
| Advances received on contracts in progress | 46 | €5,900 | €5,900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,906 | €12,386 | +€7,480 | +152% |
| Taxes | 450/3 | €4,906 | €12,386 | +€7,480 | +152% |
| Other amounts payable | 47/48 | €120,788 | €144,362 | +€23,573 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,337 | €13,081 | +€3,744 | +40.1% |
| Other operating charges | 640/8 | - | €2,216 | +€2,216 | |
| Gross operating margin | 9900 | €12,662 | €30,753 | +€18,090 | +143% |
| Operating profit (loss) | 9901 | €3,325 | €15,456 | +€12,130 | +365% |
| Financial income | 75/76B | €87 | - | -€87 | |
| Recurring financial income | 75 | €87 | - | -€87 | |
| Financial charges | 65/66B | €18,807 | €30,107 | +€11,300 | +60.1% |
| Recurring financial charges | 65 | €18,807 | €30,107 | +€11,300 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,395 | -€14,651 | +€744 | +4.8% |
| Profit (loss) for the period | 9904 | -€15,395 | -€14,651 | +€744 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,395 | -€14,651 | +€744 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.