LENAERTS ANNRO: what changed
LENAERTS ANNRO
Largest movements
- Receivables within one year +€174,748
up €174,748 (+2,994%), from €5,837 to €180,585
- Cash +€71,855
up €71,855 (+214%), from €33,646 to €105,501
mainly Net result for the year (+€330,620) and Tax, wage and social debts (+€35,260)
- Tangible fixed assets +€58,563
new in 2025: €58,563
- Deferred charges and accrued income +€28,925
up €28,925 (+4,313%), from €671 to €29,596
- Reserves +€330,620
up €330,620 (+132%), from €250,574 to €581,194
- Tax, wage and social debts +€35,260
up €35,260 (+137%), from €25,727 to €60,987
of which Taxes: +€35,260
- Debts after one year -€30,075
down €30,075 (-47.1%), from €63,787 to €33,712
- Financial income +€336,590
up €336,590 (+2,677,724%), from €13 to €336,602
- Taxes +€26,514
up €26,514 (+117%), from €22,601 to €49,114
- Depreciation +€11,337
new in 2025: €11,337
- Gross operating margin -€9,936
down €9,936 (-12.6%), from €79,045 to €69,109
- Financial charges +€2,613
up €2,613 (+50.7%), from €5,151 to €7,763
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €710,454 | €1,052,044 | +€341,590 | +48.1% |
| Fixed assets | 21/28 | €670,300 | €736,363 | +€66,063 | +9.9% |
| Tangible fixed assets | 22/27 | - | €58,563 | +€58,563 | |
| Furniture and vehicles | 24 | - | €58,563 | +€58,563 | |
| Financial fixed assets | 28 | €670,300 | €677,800 | +€7,500 | +1.1% |
| Current assets | 29/58 | €40,154 | €315,681 | +€275,528 | +686% |
| Amounts receivable within one year | 40/41 | €5,837 | €180,585 | +€174,748 | +2,994% |
| Other amounts receivable | 41 | €5,837 | €180,585 | +€174,748 | +2,994% |
| Cash at bank and in hand | 54/58 | €33,646 | €105,501 | +€71,855 | +214% |
| Deferred charges and accrued income | 490/1 | €671 | €29,596 | +€28,925 | +4,313% |
| Total equity and liabilities | 10/49 | €710,454 | €1,052,044 | +€341,590 | +48.1% |
| Equity | 10/15 | €269,174 | €599,794 | +€330,620 | +123% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250,574 | €581,194 | +€330,620 | +132% |
| Distributable reserves | 133 | €250,574 | €581,194 | +€330,620 | +132% |
| Amounts payable | 17/49 | €441,280 | €452,251 | +€10,971 | +2.5% |
| Amounts payable after more than one year | 17 | €63,787 | €33,712 | -€30,075 | -47.1% |
| Financial debts | 170/4 | €63,787 | €33,712 | -€30,075 | -47.1% |
| Amounts payable within one year | 42/48 | €377,493 | €416,537 | +€39,044 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €13,605 | €13,972 | +€367 | +2.7% |
| Trade debts | 44 | €311,380 | €312,449 | +€1,069 | +0.3% |
| Suppliers | 440/4 | €311,380 | €312,449 | +€1,069 | +0.3% |
| Taxes, remuneration and social security | 45 | €25,727 | €60,987 | +€35,260 | +137% |
| Taxes | 450/3 | €24,102 | €59,362 | +€35,260 | +146% |
| Remuneration and social security | 454/9 | €1,625 | €1,625 | = | 0.0% |
| Other amounts payable | 47/48 | €26,781 | €29,130 | +€2,349 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €2,001 | +€2,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,337 | +€11,337 | |
| Other operating charges | 640/8 | €6,562 | €6,877 | +€315 | +4.8% |
| Gross operating margin | 9900 | €79,045 | €69,109 | -€9,936 | -12.6% |
| Operating profit (loss) | 9901 | €72,483 | €50,895 | -€21,588 | -29.8% |
| Financial income | 75/76B | €13 | €336,602 | +€336,590 | +2,677,724% |
| Recurring financial income | 75 | €13 | €336,602 | +€336,590 | +2,677,724% |
| Financial charges | 65/66B | €5,151 | €7,763 | +€2,613 | +50.7% |
| Recurring financial charges | 65 | €5,151 | €7,763 | +€2,613 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €67,345 | €379,734 | +€312,389 | +464% |
| Income taxes | 67/77 | €22,601 | €49,114 | +€26,514 | +117% |
| Profit (loss) for the period | 9904 | €44,744 | €330,620 | +€285,875 | +639% |
| Profit (loss) for the period to be appropriated | 9905 | €44,744 | €330,620 | +€285,875 | +639% |
Next steps
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 8 November 2026 via checked.be.