Lencor: 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.
Lencor
Largest movements
- Cash +€16,269
up €16,269 (+18.0%), from €90,514 to €106,782
mainly Net result for the year (+€23,902) and Tax, wage and social debts (+€3,370)
- Receivables within one year +€14,345
up €14,345 (+29.5%), from €48,665 to €63,010
- Reserves +€23,902
up €23,902 (+8.3%), from €289,602 to €313,504
of which Distributable reserves: +€22,602
- Gross operating margin +€24,902
up €24,902 (+668.0%), from €3,728 to €28,630
- Taxes +€8,458
up €8,458 (+244.9%), from €3,453 to €11,911
- Depreciation -€574
down €574 (-81.1%), from €707 to €133
- Financial income +€433
up €433 (+3.8%), from €11,345 to €11,778
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 | €536,976 | €567,319 | +€30,344 | +5.7% |
| Fixed assets | 21/28 | €79,882 | €79,749 | -€133 | -0.2% |
| Tangible fixed assets | 22/27 | €79,882 | €79,749 | -€133 | -0.2% |
| Land and buildings | 22 | €79,882 | €79,749 | -€133 | -0.2% |
| Current assets | 29/58 | €457,094 | €487,571 | +€30,477 | +6.7% |
| Amounts receivable after more than one year | 29 | €306,000 | €306,000 | = | 0.0% |
| Other amounts receivable | 291 | €306,000 | €306,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,665 | €63,010 | +€14,345 | +29.5% |
| Other amounts receivable | 41 | €48,665 | €63,010 | +€14,345 | +29.5% |
| Cash at bank and in hand | 54/58 | €90,514 | €106,782 | +€16,269 | +18.0% |
| Deferred charges and accrued income | 490/1 | €11,915 | €11,778 | -€137 | -1.1% |
| Total equity and liabilities | 10/49 | €536,976 | €567,319 | +€30,344 | +5.7% |
| Equity | 10/15 | €518,382 | €542,284 | +€23,902 | +4.6% |
| Contributions | 10/11 | €228,780 | €228,780 | = | 0.0% |
| Capital | 10 | €228,780 | €228,780 | = | 0.0% |
| Issued capital | 100 | €228,780 | €228,780 | = | 0.0% |
| Reserves | 13 | €289,602 | €313,504 | +€23,902 | +8.3% |
| Non-distributable reserves | 130/1 | €13,975 | €15,275 | +€1,300 | +9.3% |
| Legal reserve | 130 | €13,975 | €15,275 | +€1,300 | +9.3% |
| Distributable reserves | 133 | €275,627 | €298,229 | +€22,602 | +8.2% |
| Amounts payable | 17/49 | €18,594 | €25,035 | +€6,442 | +34.6% |
| Amounts payable within one year | 42/48 | €11,994 | €16,152 | +€4,159 | +34.7% |
| Trade debts | 44 | - | €789 | +€789 | |
| Suppliers | 440/4 | - | €789 | +€789 | |
| Taxes, remuneration and social security | 45 | €11,994 | €15,364 | +€3,370 | +28.1% |
| Taxes | 450/3 | €11,994 | €15,364 | +€3,370 | +28.1% |
| Accrued charges and deferred income | 492/3 | €6,600 | €8,883 | +€2,283 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €133 | -€574 | -81.1% |
| Other operating charges | 640/8 | €3,997 | €4,252 | +€256 | +6.4% |
| Gross operating margin | 9900 | €3,728 | €28,630 | +€24,902 | +668.0% |
| Operating profit (loss) | 9901 | -€976 | €24,244 | +€25,220 | |
| Financial income | 75/76B | €11,345 | €11,778 | +€433 | +3.8% |
| Recurring financial income | 75 | €11,345 | €11,778 | +€433 | +3.8% |
| Financial charges | 65/66B | €224 | €209 | -€14 | -6.3% |
| Recurring financial charges | 65 | €224 | €209 | -€14 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €10,146 | €35,813 | +€25,667 | +253.0% |
| Income taxes | 67/77 | €3,453 | €11,911 | +€8,458 | +244.9% |
| Profit (loss) for the period | 9904 | €6,693 | €23,902 | +€17,209 | +257.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,693 | €23,902 | +€17,209 | +257.1% |
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 29 September 2026 via checked.be.