LENAS: what changed
Two fiscal 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.
LENAS
Largest movements
- Receivables within one year -€190,138
down €190,138 (-96.3%), from €197,375 to €7,237
- Cash -€52,402
down €52,402 (-68.9%), from €76,052 to €23,650
- Tangible fixed assets +€29,663
up €29,663 (+74.1%), from €40,027 to €69,690
of which Other tangible fixed assets: +€35,317
- Deferred charges and accrued income +€10,447
up €10,447 (+785.0%), from €1,331 to €11,778
- Trade debts -€178,365
down €178,365 (-78.7%), from €226,551 to €48,185
- Profit (loss) carried forward -€76,295
down €76,295 (-24.4%), from €312,217 to €235,923
- Tax, wage and social debts +€26,808
up €26,808 (+12.0%), from €224,099 to €250,907
of which Taxes: +€14,417
- Other debts +€21,108
up €21,108 (+158.0%), from €13,361 to €34,469
- Staff costs +€93,781
up €93,781 (+21.4%), from €438,718 to €532,498
- Gross operating margin +€90,726
up €90,726 (+19.6%), from €461,960 to €552,686
- Other operating charges +€62,659
up €62,659 (+1453.7%), from €4,310 to €66,969
- Taxes +€12,733
up €12,733, from -€7,242 to €5,491
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,228 | €593,184 | -€205,044 | -25.7% |
| Fixed assets | 21/28 | €64,979 | €94,697 | +€29,718 | +45.7% |
| Tangible fixed assets | 22/27 | €40,027 | €69,690 | +€29,663 | +74.1% |
| Plant, machinery and equipment | 23 | €3,267 | €5,178 | +€1,911 | +58.5% |
| Furniture and vehicles | 24 | €18,547 | €10,983 | -€7,564 | -40.8% |
| Other tangible fixed assets | 26 | €18,213 | €53,529 | +€35,317 | +193.9% |
| Financial fixed assets | 28 | €24,952 | €25,007 | +€55 | +0.2% |
| Current assets | 29/58 | €733,249 | €498,487 | -€234,762 | -32.0% |
| Amounts receivable after more than one year | 29 | €450,000 | €450,000 | = | 0.0% |
| Other amounts receivable | 291 | €450,000 | €450,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,491 | €5,822 | -€2,669 | -31.4% |
| Stocks | 30/36 | €8,491 | €5,822 | -€2,669 | -31.4% |
| Amounts receivable within one year | 40/41 | €197,375 | €7,237 | -€190,138 | -96.3% |
| Other amounts receivable | 41 | €197,375 | €7,237 | -€190,138 | -96.3% |
| Cash at bank and in hand | 54/58 | €76,052 | €23,650 | -€52,402 | -68.9% |
| Deferred charges and accrued income | 490/1 | €1,331 | €11,778 | +€10,447 | +785.0% |
| Total equity and liabilities | 10/49 | €798,228 | €593,184 | -€205,044 | -25.7% |
| Equity | 10/15 | €334,217 | €257,923 | -€76,295 | -22.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,217 | €235,923 | -€76,295 | -24.4% |
| Amounts payable | 17/49 | €464,010 | €335,261 | -€128,749 | -27.7% |
| Amounts payable within one year | 42/48 | €464,010 | €333,561 | -€130,449 | -28.1% |
| Trade debts | 44 | €226,551 | €48,185 | -€178,365 | -78.7% |
| Suppliers | 440/4 | €226,551 | €48,185 | -€178,365 | -78.7% |
| Taxes, remuneration and social security | 45 | €224,099 | €250,907 | +€26,808 | +12.0% |
| Taxes | 450/3 | €44,927 | €59,344 | +€14,417 | +32.1% |
| Remuneration and social security | 454/9 | €179,172 | €191,563 | +€12,391 | +6.9% |
| Other amounts payable | 47/48 | €13,361 | €34,469 | +€21,108 | +158.0% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Remuneration, social security and pensions | 62 | €438,718 | €532,498 | +€93,781 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,428 | €18,706 | -€1,722 | -8.4% |
| Other operating charges | 640/8 | €4,310 | €66,969 | +€62,659 | +1453.7% |
| Gross operating margin | 9900 | €461,960 | €552,686 | +€90,726 | +19.6% |
| Operating profit (loss) | 9901 | -€1,496 | -€65,487 | -€63,992 | -4278.4% |
| Financial income | 75/76B | €47 | €13 | -€33 | -71.2% |
| Recurring financial income | 75 | €47 | €13 | -€33 | -71.2% |
| Financial charges | 65/66B | €5,206 | €5,330 | +€124 | +2.4% |
| Recurring financial charges | 65 | €5,206 | €5,330 | +€124 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,655 | -€70,804 | -€64,149 | -963.9% |
| Income taxes | 67/77 | -€7,242 | €5,491 | +€12,733 | |
| Profit (loss) for the period | 9904 | €587 | -€76,295 | -€76,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €587 | -€76,295 | -€76,881 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.