LENATRANS: 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.
LENATRANS
Largest movements
- Tangible fixed assets +€273,046
up €273,046 (+52.5%), from €519,970 to €793,016
of which Furniture and vehicles: +€273,326
- Cash -€260,808
down €260,808 (-47.0%), from €555,129 to €294,321
mainly Investment in fixed assets (net) (-€502,162) and Contributions, distributions and other (-€75,000)
- Receivables within one year -€25,399
down €25,399 (-14.4%), from €176,737 to €151,338
of which Trade receivables: -€30,414
- Deferred charges and accrued income +€23,914
up €23,914 (+118.2%), from €20,224 to €44,137
- Profit (loss) carried forward +€20,292
up €20,292 (+20.3%), from €100,102 to €120,394
- Gross operating margin -€68,471
down €68,471 (-5.8%), from €1.2m to €1.1m
- Staff costs -€15,317
down €15,317 (-2.2%), from €707,174 to €691,858
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 | €1,328,153 | €1,339,041 | +€10,888 | +0.8% |
| Fixed assets | 21/28 | €576,063 | €849,245 | +€273,181 | +47.4% |
| Tangible fixed assets | 22/27 | €519,970 | €793,016 | +€273,046 | +52.5% |
| Plant, machinery and equipment | 23 | €280 | €0 | -€280 | -100.0% |
| Furniture and vehicles | 24 | €519,690 | €793,016 | +€273,326 | +52.6% |
| Financial fixed assets | 28 | €56,094 | €56,229 | +€135 | +0.2% |
| Current assets | 29/58 | €752,089 | €489,796 | -€262,293 | -34.9% |
| Amounts receivable within one year | 40/41 | €176,737 | €151,338 | -€25,399 | -14.4% |
| Trade receivables | 40 | €175,990 | €145,576 | -€30,414 | -17.3% |
| Other amounts receivable | 41 | €746 | €5,762 | +€5,015 | +671.8% |
| Cash at bank and in hand | 54/58 | €555,129 | €294,321 | -€260,808 | -47.0% |
| Deferred charges and accrued income | 490/1 | €20,224 | €44,137 | +€23,914 | +118.2% |
| Total equity and liabilities | 10/49 | €1,328,153 | €1,339,041 | +€10,888 | +0.8% |
| Equity | 10/15 | €1,202,454 | €1,222,746 | +€20,292 | +1.7% |
| 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 | €1,040,352 | €1,040,352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €845,739 | €845,739 | = | 0.0% |
| Distributable reserves | 133 | €188,413 | €188,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,102 | €120,394 | +€20,292 | +20.3% |
| Amounts payable | 17/49 | €125,698 | €116,295 | -€9,404 | -7.5% |
| Amounts payable within one year | 42/48 | €120,883 | €115,986 | -€4,897 | -4.1% |
| Trade debts | 44 | €42,864 | €50,400 | +€7,536 | +17.6% |
| Suppliers | 440/4 | €42,864 | €50,400 | +€7,536 | +17.6% |
| Taxes, remuneration and social security | 45 | €78,019 | €65,586 | -€12,433 | -15.9% |
| Taxes | 450/3 | €18,476 | €4,614 | -€13,862 | -75.0% |
| Remuneration and social security | 454/9 | €59,543 | €60,972 | +€1,430 | +2.4% |
| Accrued charges and deferred income | 492/3 | €4,815 | €308 | -€4,507 | -93.6% |
| Non-recurring operating income | 76A | €85,000 | €920 | -€84,080 | -98.9% |
| Remuneration, social security and pensions | 62 | €707,174 | €691,858 | -€15,317 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,539 | €228,981 | -€1,558 | -0.7% |
| Other operating charges | 640/8 | €61,711 | €59,870 | -€1,840 | -3.0% |
| Gross operating margin | 9900 | €1,180,117 | €1,111,646 | -€68,471 | -5.8% |
| Operating profit (loss) | 9901 | €180,693 | €130,937 | -€49,755 | -27.5% |
| Financial income | 75/76B | €3,551 | €1,532 | -€2,019 | -56.9% |
| Recurring financial income | 75 | €3,551 | €1,532 | -€2,019 | -56.9% |
| Financial charges | 65/66B | €922 | €928 | +€6 | +0.7% |
| Recurring financial charges | 65 | €922 | €928 | +€6 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €183,322 | €131,542 | -€51,781 | -28.2% |
| Income taxes | 67/77 | €27,200 | €36,250 | +€9,050 | +33.3% |
| Profit (loss) for the period | 9904 | €156,123 | €95,292 | -€60,831 | -39.0% |
| Transfer to tax-exempt reserves | 689 | €85,000 | €0 | -€85,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,123 | €95,292 | +€24,169 | +34.0% |
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 12 October 2026 via checked.be.