LENA: 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.
LENA
Largest movements
- Cash -€31,215
down €31,215 (-83.7%), from €37,280 to €6,065
mainly Net result for the year (-€35,647) and Receivables within one year (-€12,573)
- Receivables within one year +€12,573
up €12,573 (+581.2%), from €2,163 to €14,737
of which Trade receivables: +€14,369
- Tangible fixed assets -€5,125
down €5,125 (-4.8%), from €107,841 to €102,716
of which Furniture and vehicles: -€3,277
- Deferred charges and accrued income +€1,816
up €1,816 (+54.6%), from €3,326 to €5,142
- Profit (loss) carried forward -€35,647
down €35,647 (-95.3%), from -€37,423 to -€73,071
- Tax, wage and social debts +€12,483
up €12,483 (+176.8%), from €7,061 to €19,544
of which Remuneration and social security: +€9,638
- Other debts +€3,372
up €3,372 (+6.9%), from €49,147 to €52,519
- Gross operating margin -€40,254
down €40,254, from €21,458 to -€18,795
- Depreciation +€1,674
up €1,674 (+23.8%), from €7,029 to €8,703
- Other operating charges +€417
up €417 (+14.4%), from €2,893 to €3,310
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 | €150,610 | €128,660 | -€21,951 | -14.6% |
| Fixed assets | 21/28 | €107,841 | €102,716 | -€5,125 | -4.8% |
| Tangible fixed assets | 22/27 | €107,841 | €102,716 | -€5,125 | -4.8% |
| Land and buildings | 22 | €69,924 | €67,585 | -€2,339 | -3.3% |
| Plant, machinery and equipment | 23 | €23,235 | €23,725 | +€490 | +2.1% |
| Furniture and vehicles | 24 | €14,683 | €11,406 | -€3,277 | -22.3% |
| Current assets | 29/58 | €42,769 | €25,943 | -€16,826 | -39.3% |
| Amounts receivable within one year | 40/41 | €2,163 | €14,737 | +€12,573 | +581.2% |
| Trade receivables | 40 | - | €14,369 | +€14,369 | |
| Other amounts receivable | 41 | €2,163 | €368 | -€1,795 | -83.0% |
| Cash at bank and in hand | 54/58 | €37,280 | €6,065 | -€31,215 | -83.7% |
| Deferred charges and accrued income | 490/1 | €3,326 | €5,142 | +€1,816 | +54.6% |
| Total equity and liabilities | 10/49 | €150,610 | €128,660 | -€21,951 | -14.6% |
| Equity | 10/15 | €83,109 | €47,462 | -€35,647 | -42.9% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,933 | €1,933 | = | 0.0% |
| Non-distributable reserves | 130/1 | €510 | €510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €510 | €510 | = | 0.0% |
| Distributable reserves | 133 | €1,423 | €1,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,423 | -€73,071 | -€35,647 | -95.3% |
| Amounts payable | 17/49 | €67,501 | €81,198 | +€13,697 | +20.3% |
| Amounts payable within one year | 42/48 | €63,712 | €78,714 | +€15,002 | +23.5% |
| Trade debts | 44 | €7,505 | €6,651 | -€854 | -11.4% |
| Suppliers | 440/4 | €7,505 | €6,651 | -€854 | -11.4% |
| Taxes, remuneration and social security | 45 | €7,061 | €19,544 | +€12,483 | +176.8% |
| Taxes | 450/3 | €7,061 | €9,906 | +€2,845 | +40.3% |
| Remuneration and social security | 454/9 | - | €9,638 | +€9,638 | |
| Other amounts payable | 47/48 | €49,147 | €52,519 | +€3,372 | +6.9% |
| Accrued charges and deferred income | 492/3 | €3,789 | €2,484 | -€1,305 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,029 | €8,703 | +€1,674 | +23.8% |
| Other operating charges | 640/8 | €2,893 | €3,310 | +€417 | +14.4% |
| Gross operating margin | 9900 | €21,458 | -€18,795 | -€40,254 | |
| Operating profit (loss) | 9901 | €11,536 | -€30,808 | -€42,345 | |
| Financial income | 75/76B | €101 | €88 | -€13 | -12.9% |
| Recurring financial income | 75 | €101 | €88 | -€13 | -12.9% |
| Financial charges | 65/66B | €4,678 | €4,796 | +€117 | +2.5% |
| Recurring financial charges | 65 | €4,678 | €4,796 | +€117 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €6,959 | -€35,515 | -€42,475 | |
| Income taxes | 67/77 | €162 | €132 | -€30 | -18.3% |
| Profit (loss) for the period | 9904 | €6,798 | -€35,647 | -€42,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,798 | -€35,647 | -€42,445 |
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.