LENAERTS: 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.
LENAERTS
Largest movements
- Receivables within one year -€51,053
down €51,053 (-16.2%), from €315,960 to €264,907
of which Trade receivables: -€33,444
- Cash +€50,273
up €50,273 (+189%), from €26,616 to €76,889
mainly Receivables within one year (+€51,053) and Depreciation (+€4,500)
- Tangible fixed assets -€4,500
down €4,500 (-52.5%), from €8,578 to €4,078
of which Furniture and vehicles: -€4,300
- Reserves -€11,134
down €11,134 (-15.0%), from €74,011 to €62,877
- Gross operating margin -€42,643
down €42,643 (-89.2%), from €47,790 to €5,148
- Taxes -€8,833
down €8,833 (-95.4%), from €9,260 to €427
- Financial charges +€2,314
up €2,314 (+31.8%), from €7,281 to €9,595
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 | €351,586 | €345,874 | -€5,713 | -1.6% |
| Fixed assets | 21/28 | €8,578 | €4,078 | -€4,500 | -52.5% |
| Tangible fixed assets | 22/27 | €8,578 | €4,078 | -€4,500 | -52.5% |
| Land and buildings | 22 | €1,239 | €1,038 | -€200 | -16.2% |
| Furniture and vehicles | 24 | €7,339 | €3,039 | -€4,300 | -58.6% |
| Current assets | 29/58 | €343,008 | €341,796 | -€1,212 | -0.4% |
| Stocks and contracts in progress | 3 | €432 | €0 | -€432 | -100% |
| Stocks | 30/36 | €432 | €0 | -€432 | -100% |
| Amounts receivable within one year | 40/41 | €315,960 | €264,907 | -€51,053 | -16.2% |
| Trade receivables | 40 | €53,437 | €19,993 | -€33,444 | -62.6% |
| Other amounts receivable | 41 | €262,523 | €244,914 | -€17,609 | -6.7% |
| Cash at bank and in hand | 54/58 | €26,616 | €76,889 | +€50,273 | +189% |
| Total equity and liabilities | 10/49 | €351,586 | €345,874 | -€5,713 | -1.6% |
| Equity | 10/15 | €215,011 | €203,877 | -€11,134 | -5.2% |
| Contributions | 10/11 | €141,000 | €141,000 | = | 0.0% |
| Reserves | 13 | €74,011 | €62,877 | -€11,134 | -15.0% |
| Distributable reserves | 133 | €74,011 | €62,877 | -€11,134 | -15.0% |
| Amounts payable | 17/49 | €136,576 | €141,997 | +€5,421 | +4.0% |
| Amounts payable within one year | 42/48 | €129,319 | €132,444 | +€3,125 | +2.4% |
| Trade debts | 44 | €764 | €3,890 | +€3,126 | +409% |
| Suppliers | 440/4 | €764 | €3,890 | +€3,126 | +409% |
| Taxes, remuneration and social security | 45 | €1,895 | €2,630 | +€735 | +38.8% |
| Taxes | 450/3 | €1,895 | €2,630 | +€735 | +38.8% |
| Other amounts payable | 47/48 | €126,661 | €125,924 | -€736 | -0.6% |
| Accrued charges and deferred income | 492/3 | €7,256 | €9,552 | +€2,296 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €4,500 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,053 | €1,379 | +€326 | +31.0% |
| Other operating charges | 640/8 | €1,337 | €1,267 | -€70 | -5.3% |
| Non-recurring operating charges | 66A | €298 | €0 | -€298 | -100% |
| Gross operating margin | 9900 | €47,790 | €5,148 | -€42,643 | -89.2% |
| Operating profit (loss) | 9901 | €40,602 | -€1,999 | -€42,601 | |
| Financial income | 75/76B | €1,000 | €887 | -€112 | -11.3% |
| Recurring financial income | 75 | €1,000 | €887 | -€112 | -11.3% |
| Financial charges | 65/66B | €7,281 | €9,595 | +€2,314 | +31.8% |
| Recurring financial charges | 65 | €7,281 | €9,595 | +€2,314 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €34,321 | -€10,707 | -€45,028 | |
| Income taxes | 67/77 | €9,260 | €427 | -€8,833 | -95.4% |
| Profit (loss) for the period | 9904 | €25,061 | -€11,134 | -€36,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,061 | -€11,134 | -€36,195 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.