LENAERTS: what changed
What changed
LENAERTS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€404,853
2024 · €400,988+€3,864
Equity
€110,596
2024 · €110,596
Cash
€524,142
2024 · €304,324+€219,819
Balance sheet total
€773,231
2024 · €617,808+€155,422
Largest movements
Assets
- Cash +€219,819
up €219,819 (+72.2%), from €304,324 to €524,142
mainly Net result for the year (+€404,853) and Other debts (+€111,586)
- Receivables within one year -€99,055
down €99,055 (-39.5%), from €250,847 to €151,793
of which Other amounts receivable: -€56,801
- Stocks and contracts +€40,585
up €40,585 (+95.2%), from €42,621 to €83,206
of which Contracts in progress: +€39,887
Equity and liabilities
- Other debts +€111,586
up €111,586 (+27.7%), from €402,250 to €513,836
- Trade debts +€46,713
up €46,713 (+60.0%), from €77,841 to €124,554
Income statement
- Gross operating margin +€12,996
up €12,996 (+1.8%), from €718,235 to €731,230
- Staff costs +€8,412
up €8,412 (+4.8%), from €174,276 to €182,688
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€400,988
Gross operating margin
+€12,996
Staff costs
-€8,412
Depreciation
-€79
Other operating charges
-€176
Financial income
+€49
Financial charges
+€814
Taxes
-€1,328
Result 2025
€404,853
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€624,671
Investment
€0
Financing
-€404,853
Cash 2024
€304,324
From operations (derived)
+€624,671
Net result for the year
+€404,853
Depreciation
+€5,957
Stocks and contracts
-€40,585
Receivables within one year
+€99,055
Deferred charges and accrued income
-€31
Trade debts
+€46,713
Tax, wage and social debts
+€3,083
Other debts
+€111,586
Accrued charges and deferred income
-€5,960
Financing
-€404,853
Contributions, distributions and other
-€404,853
Cash 2025
€524,142
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,808 | €773,231 | +€155,422 | +25.2% |
| Fixed assets | 21/28 | €19,823 | €13,865 | -€5,957 | -30.1% |
| Tangible fixed assets | 22/27 | €18,123 | €12,165 | -€5,957 | -32.9% |
| Plant, machinery and equipment | 23 | €6,097 | €3,178 | -€2,919 | -47.9% |
| Furniture and vehicles | 24 | €6,271 | €4,027 | -€2,244 | -35.8% |
| Other tangible fixed assets | 26 | €5,754 | €4,959 | -€795 | -13.8% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €597,986 | €759,365 | +€161,380 | +27.0% |
| Stocks and contracts in progress | 3 | €42,621 | €83,206 | +€40,585 | +95.2% |
| Stocks | 30/36 | €4,621 | €5,319 | +€698 | +15.1% |
| Contracts in progress | 37 | €38,000 | €77,887 | +€39,887 | +105% |
| Amounts receivable within one year | 40/41 | €250,847 | €151,793 | -€99,055 | -39.5% |
| Trade receivables | 40 | €163,453 | €121,199 | -€42,254 | -25.9% |
| Other amounts receivable | 41 | €87,394 | €30,594 | -€56,801 | -65.0% |
| Cash at bank and in hand | 54/58 | €304,324 | €524,142 | +€219,819 | +72.2% |
| Deferred charges and accrued income | 490/1 | €194 | €225 | +€31 | +16.0% |
| Total equity and liabilities | 10/49 | €617,808 | €773,231 | +€155,422 | +25.2% |
| Equity | 10/15 | €110,596 | €110,596 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €596 | €596 | = | 0.0% |
| Amounts payable | 17/49 | €507,212 | €662,635 | +€155,422 | +30.6% |
| Amounts payable within one year | 42/48 | €500,096 | €661,478 | +€161,382 | +32.3% |
| Trade debts | 44 | €77,841 | €124,554 | +€46,713 | +60.0% |
| Suppliers | 440/4 | €77,841 | €124,554 | +€46,713 | +60.0% |
| Taxes, remuneration and social security | 45 | €20,004 | €23,088 | +€3,083 | +15.4% |
| Taxes | 450/3 | €2,041 | €2,156 | +€115 | +5.6% |
| Remuneration and social security | 454/9 | €17,963 | €20,931 | +€2,968 | +16.5% |
| Other amounts payable | 47/48 | €402,250 | €513,836 | +€111,586 | +27.7% |
| Accrued charges and deferred income | 492/3 | €7,116 | €1,156 | -€5,960 | -83.8% |
| Remuneration, social security and pensions | 62 | €174,276 | €182,688 | +€8,412 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,879 | €5,957 | +€79 | +1.3% |
| Other operating charges | 640/8 | €1,211 | €1,388 | +€176 | +14.5% |
| Gross operating margin | 9900 | €718,235 | €731,230 | +€12,996 | +1.8% |
| Operating profit (loss) | 9901 | €536,869 | €541,197 | +€4,328 | +0.8% |
| Financial income | 75/76B | €737 | €786 | +€49 | +6.7% |
| Recurring financial income | 75 | €737 | €786 | +€49 | +6.7% |
| Financial charges | 65/66B | €1,764 | €950 | -€814 | -46.2% |
| Recurring financial charges | 65 | €1,764 | €950 | -€814 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €535,842 | €541,034 | +€5,192 | +1.0% |
| Income taxes | 67/77 | €134,854 | €136,181 | +€1,328 | +1.0% |
| Profit (loss) for the period | 9904 | €400,988 | €404,853 | +€3,864 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €400,988 | €404,853 | +€3,864 | +1.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.