LENCON: 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.
LENCON
Largest movements
- Deferred charges and accrued income +€11,578
up €11,578 (+36.6%), from €31,626 to €43,204
- Cash -€3,200
down €3,200 (-4.7%), from €68,330 to €65,130
mainly Tax, wage and social debts (-€12,046) and Deferred charges and accrued income (-€11,578)
- Receivables within one year +€1,693
up €1,693 (+276.6%), from €612 to €2,305
- Reserves +€21,993
up €21,993 (+38.9%), from €56,481 to €78,474
- Tax, wage and social debts -€12,046
down €12,046 (-54.3%), from €22,195 to €10,149
- Gross operating margin -€46,767
down €46,767 (-57.8%), from €80,867 to €34,100
- Taxes -€12,046
down €12,046 (-54.3%), from €22,195 to €10,149
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 | €102,250 | €111,436 | +€9,186 | +9.0% |
| Fixed assets | 21/28 | €1,682 | €797 | -€885 | -52.6% |
| Tangible fixed assets | 22/27 | €1,682 | €797 | -€885 | -52.6% |
| Plant, machinery and equipment | 23 | €1,585 | €711 | -€874 | -55.1% |
| Furniture and vehicles | 24 | €97 | €86 | -€11 | -11.3% |
| Current assets | 29/58 | €100,568 | €110,639 | +€10,071 | +10.0% |
| Amounts receivable within one year | 40/41 | €612 | €2,305 | +€1,693 | +276.6% |
| Trade receivables | 40 | €612 | €2,305 | +€1,693 | +276.6% |
| Cash at bank and in hand | 54/58 | €68,330 | €65,130 | -€3,200 | -4.7% |
| Deferred charges and accrued income | 490/1 | €31,626 | €43,204 | +€11,578 | +36.6% |
| Total equity and liabilities | 10/49 | €102,250 | €111,436 | +€9,186 | +9.0% |
| Equity | 10/15 | €61,481 | €83,474 | +€21,993 | +35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,481 | €78,474 | +€21,993 | +38.9% |
| Distributable reserves | 133 | €56,481 | €78,474 | +€21,993 | +38.9% |
| Amounts payable | 17/49 | €40,769 | €27,962 | -€12,807 | -31.4% |
| Amounts payable within one year | 42/48 | €40,769 | €27,962 | -€12,807 | -31.4% |
| Trade debts | 44 | €266 | €122 | -€144 | -54.0% |
| Suppliers | 440/4 | €266 | €122 | -€144 | -54.0% |
| Taxes, remuneration and social security | 45 | €22,195 | €10,149 | -€12,046 | -54.3% |
| Taxes | 450/3 | €22,195 | €10,149 | -€12,046 | -54.3% |
| Other amounts payable | 47/48 | €18,308 | €17,691 | -€617 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €885 | -€165 | -15.7% |
| Other operating charges | 640/8 | €1,075 | €1,014 | -€61 | -5.7% |
| Gross operating margin | 9900 | €80,867 | €34,100 | -€46,767 | -57.8% |
| Operating profit (loss) | 9901 | €78,742 | €32,201 | -€46,541 | -59.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €66 | €60 | -€6 | -9.4% |
| Recurring financial charges | 65 | €66 | €60 | -€6 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €78,676 | €32,141 | -€46,535 | -59.1% |
| Income taxes | 67/77 | €22,195 | €10,149 | -€12,046 | -54.3% |
| Profit (loss) for the period | 9904 | €56,481 | €21,993 | -€34,488 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,481 | €21,993 | -€34,488 | -61.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.