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 -€51,782
down €51,782 (-23.3%), from €222,446 to €170,664
of which Trade receivables: -€56,099
- Tangible fixed assets -€4,380
down €4,380 (-25.8%), from €16,993 to €12,612
- Cash -€4,177
down €4,177 (-16.0%), from €26,181 to €22,003
mainly Other debts (-€37,731) and Net result for the year (-€11,365)
- Other debts -€37,731
down €37,731 (-13.4%), from €281,175 to €243,444
- Profit (loss) carried forward -€11,365
down €11,365 (-92.4%), from -€12,302 to -€23,667
- Trade debts -€8,963
down €8,963 (-39.5%), from €22,693 to €13,730
- Gross operating margin -€9,693
down €9,693 (-10.9%), from €89,260 to €79,566
- Staff costs +€4,698
up €4,698 (+6.0%), from €78,684 to €83,382
- Financial charges -€1,144
down €1,144 (-30.1%), from €3,804 to €2,661
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,915 | €321,713 | -€63,202 | -16.4% |
| Fixed assets | 21/28 | €16,993 | €12,612 | -€4,380 | -25.8% |
| Tangible fixed assets | 22/27 | €16,993 | €12,612 | -€4,380 | -25.8% |
| Furniture and vehicles | 24 | €16,993 | €12,612 | -€4,380 | -25.8% |
| Current assets | 29/58 | €367,922 | €309,100 | -€58,822 | -16.0% |
| Stocks and contracts in progress | 3 | €116,636 | €112,806 | -€3,830 | -3.3% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Contracts in progress | 37 | €115,636 | €111,806 | -€3,830 | -3.3% |
| Amounts receivable within one year | 40/41 | €222,446 | €170,664 | -€51,782 | -23.3% |
| Trade receivables | 40 | €216,357 | €160,258 | -€56,099 | -25.9% |
| Other amounts receivable | 41 | €6,089 | €10,406 | +€4,317 | +70.9% |
| Cash at bank and in hand | 54/58 | €26,181 | €22,003 | -€4,177 | -16.0% |
| Deferred charges and accrued income | 490/1 | €2,660 | €3,627 | +€967 | +36.4% |
| Total equity and liabilities | 10/49 | €384,915 | €321,713 | -€63,202 | -16.4% |
| Equity | 10/15 | €66,205 | €54,841 | -€11,365 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,907 | €59,907 | = | 0.0% |
| Distributable reserves | 133 | €59,907 | €59,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,302 | -€23,667 | -€11,365 | -92.4% |
| Amounts payable | 17/49 | €318,710 | €266,872 | -€51,838 | -16.3% |
| Amounts payable after more than one year | 17 | €7,531 | €3,685 | -€3,847 | -51.1% |
| Financial debts | 170/4 | €7,531 | €3,685 | -€3,847 | -51.1% |
| Amounts payable within one year | 42/48 | €311,179 | €263,188 | -€47,991 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €3,673 | €3,847 | +€174 | +4.7% |
| Trade debts | 44 | €22,693 | €13,730 | -€8,963 | -39.5% |
| Suppliers | 440/4 | €22,693 | €13,730 | -€8,963 | -39.5% |
| Taxes, remuneration and social security | 45 | €3,638 | €2,166 | -€1,471 | -40.4% |
| Remuneration and social security | 454/9 | €3,638 | €2,166 | -€1,471 | -40.4% |
| Other amounts payable | 47/48 | €281,175 | €243,444 | -€37,731 | -13.4% |
| Non-recurring operating income | 76A | €4,844 | €2,770 | -€2,074 | -42.8% |
| Remuneration, social security and pensions | 62 | €78,684 | €83,382 | +€4,698 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,380 | €4,380 | = | 0.0% |
| Other operating charges | 640/8 | €303 | €508 | +€206 | +67.9% |
| Gross operating margin | 9900 | €89,260 | €79,566 | -€9,693 | -10.9% |
| Operating profit (loss) | 9901 | €5,893 | -€8,704 | -€14,596 | |
| Financial income | 75/76B | €355 | - | -€355 | |
| Recurring financial income | 75 | €355 | - | -€355 | |
| Financial charges | 65/66B | €3,804 | €2,661 | -€1,144 | -30.1% |
| Recurring financial charges | 65 | €3,804 | €2,661 | -€1,144 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €2,444 | -€11,365 | -€13,808 | |
| Profit (loss) for the period | 9904 | €2,444 | -€11,365 | -€13,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,444 | -€11,365 | -€13,808 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.