LENAERTS: 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.
LENAERTS
Largest movements
- Receivables within one year +€9,814
up €9,814 (+7.4%), from €133,303 to €143,117
- Cash +€5,812
up €5,812 (+10.1%), from €57,344 to €63,156
mainly Net result for the year (+€11,703) and Tax, wage and social debts (+€4,227)
- Reserves +€9,431
up €9,431 (+4.0%), from €237,851 to €247,282
- Tax, wage and social debts +€4,227
new in 2025: €4,227
- Depreciation -€12,488
down €12,488 (-89.3%), from €13,980 to €1,492
- Gross operating margin +€5,575
up €5,575 (+38.4%), from €14,502 to €20,077
- Taxes +€4,227
new in 2025: €4,227
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 | €248,477 | €263,904 | +€15,427 | +6.2% |
| Fixed assets | 21/28 | €7,830 | €7,631 | -€199 | -2.5% |
| Tangible fixed assets | 22/27 | €7,830 | €7,631 | -€199 | -2.5% |
| Land and buildings | 22 | €7,830 | €7,631 | -€199 | -2.5% |
| Current assets | 29/58 | €240,647 | €256,273 | +€15,626 | +6.5% |
| Amounts receivable within one year | 40/41 | €133,303 | €143,117 | +€9,814 | +7.4% |
| Other amounts receivable | 41 | €133,303 | €143,117 | +€9,814 | +7.4% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,344 | €63,156 | +€5,812 | +10.1% |
| Total equity and liabilities | 10/49 | €248,477 | €263,904 | +€15,427 | +6.2% |
| Equity | 10/15 | €247,974 | €259,677 | +€11,703 | +4.7% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €237,851 | €247,282 | +€9,431 | +4.0% |
| Distributable reserves | 133 | €237,851 | €247,282 | +€9,431 | +4.0% |
| Profit (loss) carried forward | 14 | -€2,271 | - | +€2,271 | |
| Amounts payable | 17/49 | €503 | €4,227 | +€3,724 | +740.4% |
| Amounts payable within one year | 42/48 | €503 | €4,227 | +€3,724 | +740.4% |
| Trade debts | 44 | €503 | - | -€503 | |
| Suppliers | 440/4 | €503 | - | -€503 | |
| Taxes, remuneration and social security | 45 | - | €4,227 | +€4,227 | |
| Taxes | 450/3 | - | €4,227 | +€4,227 | |
| Non-recurring operating income | 76A | - | €1,293 | +€1,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,980 | €1,492 | -€12,488 | -89.3% |
| Other operating charges | 640/8 | €2,824 | €2,641 | -€183 | -6.5% |
| Gross operating margin | 9900 | €14,502 | €20,077 | +€5,575 | +38.4% |
| Operating profit (loss) | 9901 | -€2,302 | €15,945 | +€18,246 | |
| Financial income | 75/76B | €36 | €207 | +€172 | +481.9% |
| Recurring financial income | 75 | €36 | €207 | +€172 | +481.9% |
| Financial charges | 65/66B | €156 | €222 | +€66 | +42.3% |
| Recurring financial charges | 65 | €156 | €222 | +€66 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,422 | €15,930 | +€18,352 | |
| Income taxes | 67/77 | - | €4,227 | +€4,227 | |
| Profit (loss) for the period | 9904 | -€2,422 | €11,703 | +€14,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,422 | €11,703 | +€14,125 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.