LENANS: what changed
Two financial 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.
LENANS
Largest movements
- Tangible fixed assets -€26,295
down €26,295 (-5.0%), from €530,222 to €503,927
of which Land and buildings: -€25,942
- Receivables within one year +€24,944
up €24,944 (+474.4%), from €5,258 to €30,201
of which Other amounts receivable: +€14,356
- Debts after one year -€53,593
down €53,593 (-12.2%), from €440,537 to €386,944
- Profit (loss) carried forward +€26,638
up €26,638 (+7.0%), from €380,374 to €407,011
- Trade debts +€25,986
up €25,986 (+40.9%), from €63,575 to €89,562
- Short-term financial debts +€21,961
up €21,961, from €0 to €21,961
- Gross operating margin -€69,308
down €69,308 (-55.1%), from €125,701 to €56,393
- Taxes -€9,894
down €9,894 (-52.2%), from €18,942 to €9,049
- Financial charges -€1,895
down €1,895 (-12.8%), from €14,776 to €12,881
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,574,760 | €1,571,150 | -€3,610 | -0.2% |
| Fixed assets | 21/28 | €1,563,563 | €1,537,268 | -€26,295 | -1.7% |
| Tangible fixed assets | 22/27 | €530,222 | €503,927 | -€26,295 | -5.0% |
| Land and buildings | 22 | €529,869 | €503,927 | -€25,942 | -4.9% |
| Furniture and vehicles | 24 | €353 | €0 | -€353 | -100.0% |
| Financial fixed assets | 28 | €1,033,342 | €1,033,342 | = | 0.0% |
| Current assets | 29/58 | €11,197 | €33,882 | +€22,685 | +202.6% |
| Amounts receivable within one year | 40/41 | €5,258 | €30,201 | +€24,944 | +474.4% |
| Trade receivables | 40 | €5,258 | €15,846 | +€10,588 | +201.4% |
| Other amounts receivable | 41 | €0 | €14,356 | +€14,356 | |
| Current investments | 50/53 | €609 | €609 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,331 | €2,294 | -€3,037 | -57.0% |
| Deferred charges and accrued income | 490/1 | - | €778 | +€778 | |
| Total equity and liabilities | 10/49 | €1,574,760 | €1,571,150 | -€3,610 | -0.2% |
| Equity | 10/15 | €708,471 | €719,922 | +€11,450 | +1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €266,098 | €250,910 | -€15,188 | -5.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €259,898 | €244,710 | -€15,188 | -5.8% |
| Profit (loss) carried forward | 14 | €380,374 | €407,011 | +€26,638 | +7.0% |
| Provisions and deferred taxes | 16 | €134,443 | €126,619 | -€7,824 | -5.8% |
| Deferred taxes | 168 | €134,443 | €126,619 | -€7,824 | -5.8% |
| Amounts payable | 17/49 | €731,846 | €724,609 | -€7,236 | -1.0% |
| Amounts payable after more than one year | 17 | €440,537 | €386,944 | -€53,593 | -12.2% |
| Financial debts | 170/4 | €440,537 | €386,944 | -€53,593 | -12.2% |
| Amounts payable within one year | 42/48 | €291,309 | €337,665 | +€46,357 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €58,136 | €58,758 | +€622 | +1.1% |
| Financial debts | 43 | €0 | €21,961 | +€21,961 | |
| Credit institutions | 430/8 | €0 | €21,961 | +€21,961 | |
| Trade debts | 44 | €63,575 | €89,562 | +€25,986 | +40.9% |
| Suppliers | 440/4 | €63,575 | €89,562 | +€25,986 | +40.9% |
| Taxes, remuneration and social security | 45 | €21,049 | €6,942 | -€14,107 | -67.0% |
| Taxes | 450/3 | €21,049 | €6,942 | -€14,107 | -67.0% |
| Other amounts payable | 47/48 | €148,549 | €160,443 | +€11,895 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,333 | €26,295 | -€38 | -0.1% |
| Other operating charges | 640/8 | €4,439 | €4,576 | +€137 | +3.1% |
| Gross operating margin | 9900 | €125,701 | €56,393 | -€69,308 | -55.1% |
| Operating profit (loss) | 9901 | €94,928 | €25,521 | -€69,407 | -73.1% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €14,776 | €12,881 | -€1,895 | -12.8% |
| Recurring financial charges | 65 | €14,776 | €12,881 | -€1,895 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €80,152 | €12,675 | -€67,478 | -84.2% |
| Transfer from deferred taxes | 780 | €7,732 | €7,824 | +€92 | +1.2% |
| Income taxes | 67/77 | €18,942 | €9,049 | -€9,894 | -52.2% |
| Profit (loss) for the period | 9904 | €68,942 | €11,450 | -€57,492 | -83.4% |
| Transfer from tax-exempt reserves | 789 | €15,280 | €15,188 | -€92 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,222 | €26,638 | -€57,584 | -68.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.