Lean4Growth: what changed
What changed
Lean4Growth
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€7,861
2024 · €60,221-€52,360
Equity
€118,780
2024 · €160,919-€42,139
Cash
€134,049
2024 · €169,181-€35,132
Balance sheet total
€290,759
2024 · €302,109-€11,350
Largest movements
Assets
- Cash -€35,132
down €35,132 (-20.8%), from €169,181 to €134,049
mainly Contributions, distributions and other (-€50,000) and Current investments (-€25,000)
- Current investments +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
Equity and liabilities
- Profit (loss) carried forward -€42,139
down €42,139 (-30.0%), from €140,459 to €98,320
- Other debts +€30,775
up €30,775 (+23.7%), from €129,967 to €160,742
Income statement
- Gross operating margin -€70,524
down €70,524 (-80.6%), from €87,505 to €16,981
- Taxes -€18,735
down €18,735 (-87.3%), from €21,454 to €2,719
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€60,221
Gross operating margin
-€70,524
Depreciation
+€115
Other operating charges
-€32
Financial income
-€427
Financial charges
-€227
Taxes
+€18,735
Result 2025
€7,861
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€39,868
Investment
-€25,000
Financing
-€50,000
Cash 2024
€169,181
From operations (derived)
+€39,868
Net result for the year
+€7,861
Depreciation
+€771
Receivables within one year
+€956
Deferred charges and accrued income
-€509
Trade debts
+€1,063
Tax, wage and social debts
-€1,049
Other debts
+€30,775
Investment (derived)
-€25,000
Current investments
-€25,000
Financing
-€50,000
Contributions, distributions and other
-€50,000
Cash 2025
€134,049
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,109 | €290,759 | -€11,350 | -3.8% |
| Fixed assets | 21/28 | €1,340 | €569 | -€771 | -57.5% |
| Tangible fixed assets | 22/27 | €1,340 | €569 | -€771 | -57.5% |
| Furniture and vehicles | 24 | €852 | €426 | -€427 | -50.1% |
| Other tangible fixed assets | 26 | €487 | €143 | -€344 | -70.6% |
| Current assets | 29/58 | €300,770 | €290,190 | -€10,579 | -3.5% |
| Amounts receivable within one year | 40/41 | €6,588 | €5,632 | -€956 | -14.5% |
| Trade receivables | 40 | €6,588 | - | -€6,588 | |
| Other amounts receivable | 41 | - | €5,632 | +€5,632 | |
| Current investments | 50/53 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €169,181 | €134,049 | -€35,132 | -20.8% |
| Deferred charges and accrued income | 490/1 | - | €509 | +€509 | |
| Total equity and liabilities | 10/49 | €302,109 | €290,759 | -€11,350 | -3.8% |
| Equity | 10/15 | €160,919 | €118,780 | -€42,139 | -26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,459 | €98,320 | -€42,139 | -30.0% |
| Amounts payable | 17/49 | €141,190 | €171,979 | +€30,789 | +21.8% |
| Amounts payable within one year | 42/48 | €141,190 | €171,979 | +€30,789 | +21.8% |
| Trade debts | 44 | €335 | €1,398 | +€1,063 | +318% |
| Suppliers | 440/4 | €335 | €1,398 | +€1,063 | +318% |
| Taxes, remuneration and social security | 45 | €10,888 | €9,839 | -€1,049 | -9.6% |
| Taxes | 450/3 | €10,888 | €9,839 | -€1,049 | -9.6% |
| Other amounts payable | 47/48 | €129,967 | €160,742 | +€30,775 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €771 | -€115 | -13.0% |
| Other operating charges | 640/8 | €1,345 | €1,377 | +€32 | +2.4% |
| Gross operating margin | 9900 | €87,505 | €16,981 | -€70,524 | -80.6% |
| Operating profit (loss) | 9901 | €85,275 | €14,833 | -€70,441 | -82.6% |
| Financial income | 75/76B | €4,018 | €3,591 | -€427 | -10.6% |
| Recurring financial income | 75 | €4,018 | €3,591 | -€427 | -10.6% |
| Financial charges | 65/66B | €7,619 | €7,845 | +€227 | +3.0% |
| Recurring financial charges | 65 | €7,619 | €7,845 | +€227 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €81,675 | €10,580 | -€71,095 | -87.0% |
| Income taxes | 67/77 | €21,454 | €2,719 | -€18,735 | -87.3% |
| Profit (loss) for the period | 9904 | €60,221 | €7,861 | -€52,360 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,221 | €7,861 | -€52,360 | -86.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.