LENAERS DRIES: 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.
LENAERS DRIES
Largest movements
- Tangible fixed assets +€12,077
up €12,077 (+769%), from €1,571 to €13,648
- Cash +€8,946
new in 2025: €8,946
mainly Net result for the year (+€14,669) and Debts after one year (+€9,712)
- Receivables within one year +€7,376
up €7,376 (+15.2%), from €48,579 to €55,955
of which Other amounts receivable: +€9,028
- Deferred charges and accrued income +€1,337
up €1,337 (+109%), from €1,223 to €2,560
- Reserves +€14,669
up €14,669 (+48.2%), from €30,438 to €45,107
- Debts after one year +€9,712
new in 2025: €9,712
- Tax, wage and social debts +€6,723
up €6,723 (+63.5%), from €10,594 to €17,317
- Current portion of long-term debt +€3,310
new in 2025: €3,310
- Short-term financial debts -€2,918
down €2,918 (-100%), from €2,918 to €0
- Gross operating margin +€12,310
up €12,310 (+101%), from €12,217 to €24,527
- Financial charges +€1,825
up €1,825 (+129%), from €1,410 to €3,235
- Taxes +€1,811
up €1,811 (+76.7%), from €2,363 to €4,174
- Other operating charges +€761
up €761 (+75.8%), from €1,004 to €1,765
- Depreciation +€408
up €408 (+148%), from €275 to €683
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.
Derived cash bridge
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 | €51,373 | €81,109 | +€29,736 | +57.9% |
| Fixed assets | 21/28 | €1,571 | €13,648 | +€12,077 | +769% |
| Tangible fixed assets | 22/27 | €1,571 | €13,648 | +€12,077 | +769% |
| Land and buildings | 22 | €1,571 | €13,648 | +€12,077 | +769% |
| Current assets | 29/58 | €49,802 | €67,460 | +€17,658 | +35.5% |
| Amounts receivable within one year | 40/41 | €48,579 | €55,955 | +€7,376 | +15.2% |
| Trade receivables | 40 | €1,653 | €0 | -€1,653 | -100% |
| Other amounts receivable | 41 | €46,926 | €55,955 | +€9,028 | +19.2% |
| Cash at bank and in hand | 54/58 | - | €8,946 | +€8,946 | |
| Deferred charges and accrued income | 490/1 | €1,223 | €2,560 | +€1,337 | +109% |
| Total equity and liabilities | 10/49 | €51,373 | €81,109 | +€29,736 | +57.9% |
| Equity | 10/15 | €30,448 | €45,117 | +€14,669 | +48.2% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €30,438 | €45,107 | +€14,669 | +48.2% |
| Distributable reserves | 133 | €30,438 | €45,107 | +€14,669 | +48.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €20,925 | €35,992 | +€15,067 | +72.0% |
| Amounts payable after more than one year | 17 | - | €9,712 | +€9,712 | |
| Financial debts | 170/4 | - | €9,712 | +€9,712 | |
| Amounts payable within one year | 42/48 | €20,900 | €26,255 | +€5,355 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,310 | +€3,310 | |
| Financial debts | 43 | €2,918 | €0 | -€2,918 | -100% |
| Credit institutions | 430/8 | €2,918 | €0 | -€2,918 | -100% |
| Trade debts | 44 | €7,389 | €5,628 | -€1,760 | -23.8% |
| Suppliers | 440/4 | €7,389 | €5,628 | -€1,760 | -23.8% |
| Taxes, remuneration and social security | 45 | €10,594 | €17,317 | +€6,723 | +63.5% |
| Taxes | 450/3 | €10,594 | €17,317 | +€6,723 | +63.5% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,179 | +€1,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €683 | +€408 | +148% |
| Other operating charges | 640/8 | €1,004 | €1,765 | +€761 | +75.8% |
| Gross operating margin | 9900 | €12,217 | €24,527 | +€12,310 | +101% |
| Operating profit (loss) | 9901 | €10,937 | €22,078 | +€11,141 | +102% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €1,410 | €3,235 | +€1,825 | +129% |
| Recurring financial charges | 65 | €1,410 | €3,235 | +€1,825 | +129% |
| Profit (loss) for the period before taxes | 9903 | €9,531 | €18,843 | +€9,312 | +97.7% |
| Income taxes | 67/77 | €2,363 | €4,174 | +€1,811 | +76.7% |
| Profit (loss) for the period | 9904 | €7,168 | €14,669 | +€7,500 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €7,168 | €14,669 | +€7,500 | +105% |
Source: filed annual accounts (NBB), financial 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 November 2026 via checked.be.