LEANOVATION: 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.
LEANOVATION
Largest movements
- Current investments -€28,113
down €28,113 (-36.0%), from €78,126 to €50,013
- Cash +€23,029
up €23,029 (+53.1%), from €43,402 to €66,431
mainly Net result for the year (+€58,504) and Current investments (+€28,113)
- Receivables within one year +€19,613
up €19,613 (+17.5%), from €112,109 to €131,722
of which Other amounts receivable: +€37,910
- Tangible fixed assets -€7,723
down €7,723 (-3.4%), from €229,943 to €222,220
of which Land and buildings: -€7,101
- Financial fixed assets +€5,225
up €5,225 (+125.7%), from €4,158 to €9,383
- Reserves +€108,504
up €108,504 (+180.9%), from €59,975 to €168,478
of which Distributable reserves: +€108,504
- Profit (loss) carried forward -€50,000
down €50,000 (-29.4%), from €170,296 to €120,296
- Tax, wage and social debts -€31,414
down €31,414 (-54.9%), from €57,226 to €25,812
- Debts after one year -€13,374
down €13,374 (-8.9%), from €149,762 to €136,388
- Current portion of long-term debt -€4,917
down €4,917 (-26.9%), from €18,291 to €13,374
- Gross operating margin +€19,999
up €19,999 (+23.4%), from €85,486 to €105,485
- Financial income -€12,586
down €12,586 (-74.0%), from €17,017 to €4,430
- Taxes +€6,665
up €6,665 (+23.5%), from €28,397 to €35,062
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 | €469,161 | €481,344 | +€12,183 | +2.6% |
| Fixed assets | 21/28 | €234,101 | €231,603 | -€2,498 | -1.1% |
| Tangible fixed assets | 22/27 | €229,943 | €222,220 | -€7,723 | -3.4% |
| Land and buildings | 22 | €226,140 | €219,040 | -€7,101 | -3.1% |
| Furniture and vehicles | 24 | €3,802 | €3,180 | -€622 | -16.4% |
| Financial fixed assets | 28 | €4,158 | €9,383 | +€5,225 | +125.7% |
| Current assets | 29/58 | €235,060 | €249,741 | +€14,681 | +6.2% |
| Amounts receivable within one year | 40/41 | €112,109 | €131,722 | +€19,613 | +17.5% |
| Trade receivables | 40 | €28,134 | €9,837 | -€18,297 | -65.0% |
| Other amounts receivable | 41 | €83,975 | €121,884 | +€37,910 | +45.1% |
| Current investments | 50/53 | €78,126 | €50,013 | -€28,113 | -36.0% |
| Cash at bank and in hand | 54/58 | €43,402 | €66,431 | +€23,029 | +53.1% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,575 | +€153 | +10.7% |
| Total equity and liabilities | 10/49 | €469,161 | €481,344 | +€12,183 | +2.6% |
| Equity | 10/15 | €242,671 | €301,175 | +€58,504 | +24.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,975 | €168,478 | +€108,504 | +180.9% |
| Non-distributable reserves | 130/1 | €868 | €868 | = | 0.0% |
| Reserves not available under the articles | 1311 | €868 | €868 | = | 0.0% |
| Distributable reserves | 133 | €59,107 | €167,611 | +€108,504 | +183.6% |
| Profit (loss) carried forward | 14 | €170,296 | €120,296 | -€50,000 | -29.4% |
| Amounts payable | 17/49 | €226,490 | €180,169 | -€46,321 | -20.5% |
| Amounts payable after more than one year | 17 | €149,762 | €136,388 | -€13,374 | -8.9% |
| Financial debts | 170/4 | €149,762 | €136,388 | -€13,374 | -8.9% |
| Amounts payable within one year | 42/48 | €76,728 | €43,781 | -€32,947 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €18,291 | €13,374 | -€4,917 | -26.9% |
| Trade debts | 44 | €223 | €3,236 | +€3,012 | +1349.7% |
| Suppliers | 440/4 | €223 | €3,236 | +€3,012 | +1349.7% |
| Taxes, remuneration and social security | 45 | €57,226 | €25,812 | -€31,414 | -54.9% |
| Taxes | 450/3 | €57,226 | €25,812 | -€31,414 | -54.9% |
| Other amounts payable | 47/48 | €988 | €1,359 | +€371 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,025 | €9,251 | +€226 | +2.5% |
| Other operating charges | 640/8 | €775 | €926 | +€151 | +19.5% |
| Gross operating margin | 9900 | €85,486 | €105,485 | +€19,999 | +23.4% |
| Operating profit (loss) | 9901 | €75,687 | €95,308 | +€19,622 | +25.9% |
| Financial income | 75/76B | €17,017 | €4,430 | -€12,586 | -74.0% |
| Recurring financial income | 75 | €17,017 | €4,430 | -€12,586 | -74.0% |
| Financial charges | 65/66B | €5,199 | €6,173 | +€974 | +18.7% |
| Recurring financial charges | 65 | €5,199 | €6,173 | +€974 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €87,504 | €93,566 | +€6,062 | +6.9% |
| Income taxes | 67/77 | €28,397 | €35,062 | +€6,665 | +23.5% |
| Profit (loss) for the period | 9904 | €59,107 | €58,504 | -€603 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,107 | €58,504 | -€603 | -1.0% |
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 30 September 2026 via checked.be.