LENAERTS Raf: what changed
What changed
LENAERTS Raf
NACE 69.109, Other legal services
filed annual accounts (NBB)
Net result for the year
€90,512
2024 · -€8,555+€99,067
Equity
€384,381
2024 · €293,869+€90,512
Cash
€25,935
2024 · €23,363+€2,572
Balance sheet total
€1.6m
2024 · €1.6m-€55,840
Largest movements
Assets
- Receivables within one year -€30,620
down €30,620 (-58.1%), from €52,740 to €22,120
of which Other amounts receivable: -€30,326
- Tangible fixed assets -€27,792
down €27,792 (-5.8%), from €478,861 to €451,069
of which Land and buildings: -€24,257
Equity and liabilities
- Debts after one year -€106,311
down €106,311 (-11.0%), from €964,754 to €858,442
- Profit (loss) carried forward +€90,512
up €90,512 (+33.1%), from €273,409 to €363,921
- Other debts -€37,929
down €37,929 (-16.3%), from €232,775 to €194,846
Income statement
- Gross operating margin +€112,090
up €112,090 (+152%), from €73,819 to €185,909
- Taxes +€21,746
up €21,746 (+16,354%), from €133 to €21,879
- Financial charges -€7,860
down €7,860 (-16.3%), from €48,342 to €40,482
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
-€8,555
Gross operating margin
+€112,090
Depreciation
+€869
Other operating charges
+€148
Financial income
-€154
Financial charges
+€7,860
Taxes
-€21,746
Result 2025
€90,512
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
+€108,572
Investment
€0
Financing
-€106,000
Cash 2024
€23,363
From operations (derived)
+€108,572
Net result for the year
+€90,512
Depreciation
+€27,792
Receivables within one year
+€30,620
Trade debts
+€1,919
Tax, wage and social debts
-€4,342
Other debts
-€37,929
Financing
-€106,000
Debts after one year
-€106,311
Current portion of long-term debt
+€311
Cash 2025
€25,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,637,930 | €1,582,089 | -€55,840 | -3.4% |
| Fixed assets | 21/28 | €1,539,127 | €1,511,335 | -€27,792 | -1.8% |
| Tangible fixed assets | 22/27 | €478,861 | €451,069 | -€27,792 | -5.8% |
| Land and buildings | 22 | €455,840 | €431,583 | -€24,257 | -5.3% |
| Plant, machinery and equipment | 23 | €609 | €391 | -€219 | -35.9% |
| Furniture and vehicles | 24 | €7,052 | €5,953 | -€1,099 | -15.6% |
| Other tangible fixed assets | 26 | €15,359 | €13,142 | -€2,218 | -14.4% |
| Financial fixed assets | 28 | €1,060,266 | €1,060,266 | = | 0.0% |
| Current assets | 29/58 | €98,803 | €70,754 | -€28,048 | -28.4% |
| Amounts receivable within one year | 40/41 | €52,740 | €22,120 | -€30,620 | -58.1% |
| Trade receivables | 40 | €294 | - | -€294 | |
| Other amounts receivable | 41 | €52,446 | €22,120 | -€30,326 | -57.8% |
| Current investments | 50/53 | €22,700 | €22,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,363 | €25,935 | +€2,572 | +11.0% |
| Total equity and liabilities | 10/49 | €1,637,930 | €1,582,089 | -€55,840 | -3.4% |
| Equity | 10/15 | €293,869 | €384,381 | +€90,512 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,409 | €363,921 | +€90,512 | +33.1% |
| Amounts payable | 17/49 | €1,344,060 | €1,197,708 | -€146,352 | -10.9% |
| Amounts payable after more than one year | 17 | €964,754 | €858,442 | -€106,311 | -11.0% |
| Financial debts | 170/4 | €964,754 | €858,442 | -€106,311 | -11.0% |
| Amounts payable within one year | 42/48 | €379,307 | €339,266 | -€40,041 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €106,000 | €106,311 | +€311 | +0.3% |
| Trade debts | 44 | €6,108 | €8,027 | +€1,919 | +31.4% |
| Suppliers | 440/4 | €6,108 | €8,027 | +€1,919 | +31.4% |
| Taxes, remuneration and social security | 45 | €34,424 | €30,082 | -€4,342 | -12.6% |
| Taxes | 450/3 | €16,891 | €20,390 | +€3,499 | +20.7% |
| Remuneration and social security | 454/9 | €17,533 | €9,692 | -€7,841 | -44.7% |
| Other amounts payable | 47/48 | €232,775 | €194,846 | -€37,929 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,661 | €27,792 | -€869 | -3.0% |
| Other operating charges | 640/8 | €5,572 | €5,424 | -€148 | -2.7% |
| Gross operating margin | 9900 | €73,819 | €185,909 | +€112,090 | +152% |
| Operating profit (loss) | 9901 | €39,586 | €152,693 | +€113,107 | +286% |
| Financial income | 75/76B | €334 | €180 | -€154 | -46.1% |
| Recurring financial income | 75 | €334 | €180 | -€154 | -46.1% |
| Financial charges | 65/66B | €48,342 | €40,482 | -€7,860 | -16.3% |
| Recurring financial charges | 65 | €48,342 | €40,482 | -€7,860 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,422 | €112,391 | +€120,813 | |
| Income taxes | 67/77 | €133 | €21,879 | +€21,746 | +16,354% |
| Profit (loss) for the period | 9904 | -€8,555 | €90,512 | +€99,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,555 | €90,512 | +€99,067 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.