LEND: 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.
LEND
Largest movements
- Cash -€11,787
down €11,787 (-22.6%), from €52,234 to €40,448
mainly Contributions, distributions and other (-€118,816) and Investment in fixed assets (net) (-€28,242)
- Tangible fixed assets +€7,501
up €7,501 (+10.3%), from €72,549 to €80,050
of which Land and buildings: +€20,427
- Current investments +€5,968
new in 2025: €5,968
- Receivables within one year +€1,751
up €1,751 (+7.8%), from €22,545 to €24,296
of which Other amounts receivable: +€13,922
- Profit (loss) carried forward -€94,515
no longer reported in 2025 (was €94,515)
- Other debts +€89,675
up €89,675 (+345.5%), from €25,955 to €115,630
- Trade debts +€13,278
up €13,278 (+1294.2%), from €1,026 to €14,304
- Tax, wage and social debts -€5,442
down €5,442 (-14.8%), from €36,848 to €31,405
of which Taxes: -€9,399
- Accrued charges and deferred income +€1,848
up €1,848 (+422.8%), from €437 to €2,285
- Gross operating margin -€73,763
down €73,763 (-53.6%), from €137,655 to €63,892
- Taxes -€15,241
down €15,241 (-55.5%), from €27,449 to €12,208
- Depreciation +€6,778
up €6,778 (+48.5%), from €13,963 to €20,741
- Staff costs +€3,262
up €3,262 (+5930.5%), from €55 to €3,317
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 | €163,780 | €168,624 | +€4,843 | +3.0% |
| Fixed assets | 21/28 | €87,547 | €95,049 | +€7,501 | +8.6% |
| Tangible fixed assets | 22/27 | €72,549 | €80,050 | +€7,501 | +10.3% |
| Land and buildings | 22 | €2,909 | €23,336 | +€20,427 | +702.1% |
| Plant, machinery and equipment | 23 | - | €2,263 | +€2,263 | |
| Furniture and vehicles | 24 | €69,639 | €54,451 | -€15,189 | -21.8% |
| Financial fixed assets | 28 | €14,999 | €14,999 | = | 0.0% |
| Current assets | 29/58 | €76,233 | €73,575 | -€2,658 | -3.5% |
| Amounts receivable within one year | 40/41 | €22,545 | €24,296 | +€1,751 | +7.8% |
| Trade receivables | 40 | €22,545 | €10,373 | -€12,171 | -54.0% |
| Other amounts receivable | 41 | - | €13,922 | +€13,922 | |
| Current investments | 50/53 | - | €5,968 | +€5,968 | |
| Cash at bank and in hand | 54/58 | €52,234 | €40,448 | -€11,787 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,454 | €2,864 | +€1,410 | +97.0% |
| Total equity and liabilities | 10/49 | €163,780 | €168,624 | +€4,843 | +3.0% |
| Equity | 10/15 | €99,515 | €5,000 | -€94,515 | -95.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,515 | - | -€94,515 | |
| Amounts payable | 17/49 | €64,265 | €163,624 | +€99,358 | +154.6% |
| Amounts payable within one year | 42/48 | €63,828 | €161,339 | +€97,510 | +152.8% |
| Trade debts | 44 | €1,026 | €14,304 | +€13,278 | +1294.2% |
| Suppliers | 440/4 | €1,026 | €14,304 | +€13,278 | +1294.2% |
| Taxes, remuneration and social security | 45 | €36,848 | €31,405 | -€5,442 | -14.8% |
| Taxes | 450/3 | €36,848 | €27,449 | -€9,399 | -25.5% |
| Remuneration and social security | 454/9 | - | €3,956 | +€3,956 | |
| Other amounts payable | 47/48 | €25,955 | €115,630 | +€89,675 | +345.5% |
| Accrued charges and deferred income | 492/3 | €437 | €2,285 | +€1,848 | +422.8% |
| Remuneration, social security and pensions | 62 | €55 | €3,317 | +€3,262 | +5930.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,963 | €20,741 | +€6,778 | +48.5% |
| Other operating charges | 640/8 | €2,338 | €3,148 | +€810 | +34.7% |
| Gross operating margin | 9900 | €137,655 | €63,892 | -€73,763 | -53.6% |
| Operating profit (loss) | 9901 | €121,300 | €36,686 | -€84,614 | -69.8% |
| Financial income | 75/76B | €0 | €673 | +€673 | +217006.5% |
| Recurring financial income | 75 | €0 | €673 | +€673 | +217006.5% |
| Financial charges | 65/66B | €44 | €851 | +€807 | +1851.2% |
| Recurring financial charges | 65 | €44 | €851 | +€807 | +1851.2% |
| Profit (loss) for the period before taxes | 9903 | €121,257 | €36,509 | -€84,748 | -69.9% |
| Income taxes | 67/77 | €27,449 | €12,208 | -€15,241 | -55.5% |
| Profit (loss) for the period | 9904 | €93,808 | €24,301 | -€69,507 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,808 | €24,301 | -€69,507 | -74.1% |
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.