LENAERTS Y.: what changed
LENAERTS Y.
Largest movements
- Receivables within one year -€20,828
down €20,828 (-49.1%), from €42,432 to €21,604
of which Trade receivables: -€19,038
- Tangible fixed assets -€10,012
down €10,012 (-48.2%), from €20,790 to €10,778
of which Furniture and vehicles: -€15,128
- Reserves -€26,722
down €26,722 (-26.9%), from €99,216 to €72,494
- Trade debts -€2,376
down €2,376 (-48.6%), from €4,887 to €2,512
- Contributions -€1,860
down €1,860 (-9.1%), from €20,460 to €18,600
- Depreciation -€25,852
down €25,852 (-71.5%), from €36,141 to €10,289
- Gross operating margin +€20,688
up €20,688 (+158%), from €13,108 to €33,795
- Other operating charges +€19,488
up €19,488 (+322%), from €6,053 to €25,541
- Taxes -€845
down €845, from €254 to -€591
- Financial income +€647
up €647 (+72.4%), from €894 to €1,541
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 | €147,289 | €116,281 | -€31,008 | -21.1% |
| Fixed assets | 21/28 | €20,790 | €10,778 | -€10,012 | -48.2% |
| Tangible fixed assets | 22/27 | €20,790 | €10,778 | -€10,012 | -48.2% |
| Land and buildings | 22 | €5,662 | €4,968 | -€694 | -12.3% |
| Plant, machinery and equipment | 23 | - | €5,810 | +€5,810 | |
| Furniture and vehicles | 24 | €15,128 | €0 | -€15,128 | -100% |
| Current assets | 29/58 | €126,499 | €105,503 | -€20,996 | -16.6% |
| Amounts receivable within one year | 40/41 | €42,432 | €21,604 | -€20,828 | -49.1% |
| Trade receivables | 40 | €39,199 | €20,161 | -€19,038 | -48.6% |
| Other amounts receivable | 41 | €3,233 | €1,443 | -€1,791 | -55.4% |
| Cash at bank and in hand | 54/58 | €84,043 | €83,899 | -€144 | -0.2% |
| Deferred charges and accrued income | 490/1 | €23 | €0 | -€23 | -100% |
| Total equity and liabilities | 10/49 | €147,289 | €116,281 | -€31,008 | -21.1% |
| Equity | 10/15 | €91,192 | €62,651 | -€28,541 | -31.3% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €99,216 | €72,494 | -€26,722 | -26.9% |
| Distributable reserves | 133 | €99,216 | €72,494 | -€26,722 | -26.9% |
| Profit (loss) carried forward | 14 | -€28,484 | -€28,443 | +€41 | +0.1% |
| Amounts payable | 17/49 | €56,097 | €53,630 | -€2,468 | -4.4% |
| Amounts payable within one year | 42/48 | €56,097 | €53,630 | -€2,468 | -4.4% |
| Trade debts | 44 | €4,887 | €2,512 | -€2,376 | -48.6% |
| Suppliers | 440/4 | €4,887 | €2,512 | -€2,376 | -48.6% |
| Taxes, remuneration and social security | 45 | - | €160 | +€160 | |
| Taxes | 450/3 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €51,210 | €50,958 | -€252 | -0.5% |
| Non-recurring operating income | 76A | - | €5,218 | +€5,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,141 | €10,289 | -€25,852 | -71.5% |
| Other operating charges | 640/8 | €6,053 | €25,541 | +€19,488 | +322% |
| Gross operating margin | 9900 | €13,108 | €33,795 | +€20,688 | +158% |
| Operating profit (loss) | 9901 | -€29,087 | -€2,035 | +€27,052 | +93.0% |
| Financial income | 75/76B | €894 | €1,541 | +€647 | +72.4% |
| Recurring financial income | 75 | €894 | €1,541 | +€647 | +72.4% |
| Financial charges | 65/66B | €37 | €56 | +€19 | +51.7% |
| Recurring financial charges | 65 | €37 | €56 | +€19 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,230 | -€550 | +€27,680 | +98.1% |
| Income taxes | 67/77 | €254 | -€591 | -€845 | |
| Profit (loss) for the period | 9904 | -€28,484 | €41 | +€28,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,484 | €41 | +€28,525 |
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 2 November 2026 via checked.be.