Lenaerts Joke: what changed
Lenaerts Joke
Largest movements
- Cash +€34,815
up €34,815 (+166%), from €20,946 to €55,761
mainly Net result for the year (+€25,204) and Depreciation (+€9,107)
- Tangible fixed assets -€9,107
down €9,107 (-40.3%), from €22,625 to €13,518
of which Plant, machinery and equipment: -€10,999
- Profit (loss) carried forward +€25,204
up €25,204 (+47.1%), from €53,501 to €78,705
- Gross operating margin +€23,920
up €23,920 (+119%), from €20,057 to €43,978
- Taxes +€6,558
up €6,558 (+246%), from €2,667 to €9,225
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 | €61,571 | €87,337 | +€25,766 | +41.8% |
| Fixed assets | 21/28 | €22,625 | €13,518 | -€9,107 | -40.3% |
| Tangible fixed assets | 22/27 | €22,625 | €13,518 | -€9,107 | -40.3% |
| Land and buildings | 22 | - | €2,512 | +€2,512 | |
| Plant, machinery and equipment | 23 | €20,973 | €9,973 | -€10,999 | -52.4% |
| Furniture and vehicles | 24 | €1,653 | €1,033 | -€620 | -37.5% |
| Current assets | 29/58 | €38,946 | €73,819 | +€34,873 | +89.5% |
| Amounts receivable within one year | 40/41 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 41 | €18,000 | €18,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,946 | €55,761 | +€34,815 | +166% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €61,571 | €87,337 | +€25,766 | +41.8% |
| Equity | 10/15 | €56,001 | €81,205 | +€25,204 | +45.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,501 | €78,705 | +€25,204 | +47.1% |
| Amounts payable | 17/49 | €5,570 | €6,132 | +€562 | +10.1% |
| Amounts payable within one year | 42/48 | €5,570 | €6,132 | +€562 | +10.1% |
| Taxes, remuneration and social security | 45 | - | €225 | +€225 | |
| Taxes | 450/3 | - | €225 | +€225 | |
| Other amounts payable | 47/48 | €5,570 | €5,906 | +€337 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,107 | €9,107 | = | 0.0% |
| Other operating charges | 640/8 | €589 | €396 | -€192 | -32.7% |
| Gross operating margin | 9900 | €20,057 | €43,978 | +€23,920 | +119% |
| Operating profit (loss) | 9901 | €10,361 | €34,474 | +€24,113 | +233% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €52 | €45 | -€7 | -14.0% |
| Recurring financial charges | 65 | €52 | €45 | -€7 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €10,309 | €34,429 | +€24,120 | +234% |
| Income taxes | 67/77 | €2,667 | €9,225 | +€6,558 | +246% |
| Profit (loss) for the period | 9904 | €7,642 | €25,204 | +€17,562 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €7,642 | €25,204 | +€17,562 | +230% |
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 5 November 2026 via checked.be.