LENA GODERIS: 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 GODERIS
Largest movements
- Current investments -€46,216
down €46,216 (-15.4%), from €299,778 to €253,562
- Cash +€5,429
up €5,429 (+26.1%), from €20,777 to €26,206
mainly Current investments (+€46,216) and Net result for the year (+€31,430)
- Reserves -€40,993
down €40,993 (-12.1%), from €337,947 to €296,954
- Gross operating margin -€21,855
down €21,855 (-35.3%), from €61,931 to €40,075
- Taxes -€6,340
down €6,340 (-34.3%), from €18,462 to €12,123
- Financial income +€1,062
up €1,062 (+21.1%), from €5,022 to €6,084
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 | €357,676 | €314,237 | -€43,439 | -12.1% |
| Fixed assets | 21/28 | €3,701 | €2,086 | -€1,615 | -43.6% |
| Tangible fixed assets | 22/27 | €3,701 | €2,086 | -€1,615 | -43.6% |
| Furniture and vehicles | 24 | €3,701 | €2,086 | -€1,615 | -43.6% |
| Current assets | 29/58 | €353,975 | €312,151 | -€41,824 | -11.8% |
| Amounts receivable within one year | 40/41 | €5,077 | €4,883 | -€194 | -3.8% |
| Trade receivables | 40 | €1,774 | €0 | -€1,774 | -100.0% |
| Other amounts receivable | 41 | €3,303 | €4,883 | +€1,580 | +47.8% |
| Current investments | 50/53 | €299,778 | €253,562 | -€46,216 | -15.4% |
| Cash at bank and in hand | 54/58 | €20,777 | €26,206 | +€5,429 | +26.1% |
| Deferred charges and accrued income | 490/1 | €28,343 | €27,500 | -€843 | -3.0% |
| Total equity and liabilities | 10/49 | €357,676 | €314,237 | -€43,439 | -12.1% |
| Equity | 10/15 | €344,147 | €303,154 | -€40,993 | -11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €337,947 | €296,954 | -€40,993 | -12.1% |
| Distributable reserves | 133 | €337,947 | €296,954 | -€40,993 | -12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,529 | €11,083 | -€2,447 | -18.1% |
| Amounts payable within one year | 42/48 | €13,529 | €11,083 | -€2,447 | -18.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,624 | €1,343 | -€1,281 | -48.8% |
| Suppliers | 440/4 | €2,624 | €1,343 | -€1,281 | -48.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,905 | €9,739 | -€1,166 | -10.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €250 | €0 | -€250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €1,615 | +€546 | +51.0% |
| Other operating charges | 640/8 | €888 | €961 | +€74 | +8.3% |
| Gross operating margin | 9900 | €61,931 | €40,075 | -€21,855 | -35.3% |
| Operating profit (loss) | 9901 | €59,974 | €37,499 | -€22,475 | -37.5% |
| Financial income | 75/76B | €5,022 | €6,084 | +€1,062 | +21.1% |
| Recurring financial income | 75 | €5,022 | €6,084 | +€1,062 | +21.1% |
| Financial charges | 65/66B | €141 | €32 | -€109 | -77.6% |
| Recurring financial charges | 65 | €141 | €32 | -€109 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €64,855 | €43,552 | -€21,303 | -32.8% |
| Income taxes | 67/77 | €18,462 | €12,123 | -€6,340 | -34.3% |
| Profit (loss) for the period | 9904 | €46,393 | €31,430 | -€14,964 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,393 | €31,430 | -€14,964 | -32.3% |
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 1 October 2026 via checked.be.