Lencol: 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.
Lencol
Largest movements
- Cash -€27,274
down €27,274 (-56.6%), from €48,151 to €20,877
mainly Net result for the year (-€21,931) and Other debts (-€16,174)
- Tangible fixed assets -€14,663
down €14,663 (-3.3%), from €445,887 to €431,224
of which Land and buildings: -€13,061
- Other debts -€16,174
down €16,174 (-9.1%), from €176,841 to €160,667
- Profit (loss) carried forward -€12,135
down €12,135 (-5.7%), from €213,140 to €201,005
- Reserves -€9,796
down €9,796 (-15.1%), from €64,725 to €54,929
of which Tax-exempt reserves: -€9,796
- Gross operating margin -€50,919
down €50,919, from €43,438 to -€7,481
- Other operating charges +€1,011
up €1,011 (+50.8%), from €1,988 to €2,998
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 | €495,088 | €453,151 | -€41,937 | -8.5% |
| Fixed assets | 21/28 | €446,937 | €432,274 | -€14,663 | -3.3% |
| Tangible fixed assets | 22/27 | €445,887 | €431,224 | -€14,663 | -3.3% |
| Land and buildings | 22 | €436,582 | €423,521 | -€13,061 | -3.0% |
| Plant, machinery and equipment | 23 | €9,305 | €7,703 | -€1,602 | -17.2% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €48,151 | €20,877 | -€27,274 | -56.6% |
| Cash at bank and in hand | 54/58 | €48,151 | €20,877 | -€27,274 | -56.6% |
| Total equity and liabilities | 10/49 | €495,088 | €453,151 | -€41,937 | -8.5% |
| Equity | 10/15 | €296,457 | €274,526 | -€21,931 | -7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €64,725 | €54,929 | -€9,796 | -15.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,866 | €53,070 | -€9,796 | -15.6% |
| Profit (loss) carried forward | 14 | €213,140 | €201,005 | -€12,135 | -5.7% |
| Provisions and deferred taxes | 16 | €20,955 | €17,690 | -€3,265 | -15.6% |
| Deferred taxes | 168 | €20,955 | €17,690 | -€3,265 | -15.6% |
| Amounts payable | 17/49 | €177,676 | €160,935 | -€16,741 | -9.4% |
| Amounts payable within one year | 42/48 | €177,676 | €160,935 | -€16,741 | -9.4% |
| Trade debts | 44 | €835 | €268 | -€567 | -67.9% |
| Suppliers | 440/4 | €835 | €268 | -€567 | -67.9% |
| Other amounts payable | 47/48 | €176,841 | €160,667 | -€16,174 | -9.1% |
| Non-recurring operating income | 76A | €48,599 | - | -€48,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,787 | €14,663 | -€124 | -0.8% |
| Other operating charges | 640/8 | €1,988 | €2,998 | +€1,011 | +50.8% |
| Gross operating margin | 9900 | €43,438 | -€7,481 | -€50,919 | |
| Operating profit (loss) | 9901 | €26,663 | -€25,142 | -€51,805 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €53 | €54 | +€1 | +2.8% |
| Recurring financial charges | 65 | €53 | €54 | +€1 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €26,613 | -€25,196 | -€51,809 | |
| Transfer from deferred taxes | 780 | €3,265 | €3,265 | = | 0.0% |
| Profit (loss) for the period | 9904 | €29,878 | -€21,931 | -€51,809 | |
| Transfer from tax-exempt reserves | 789 | €9,796 | €9,796 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,674 | -€12,135 | -€51,809 |
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.