LENDRO: 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.
LENDRO
Largest movements
- Cash +€57,150
up €57,150 (+870%), from €6,569 to €63,719
mainly Net result for the year (+€55,180) and Tax, wage and social debts (+€22,207)
- Receivables within one year +€11,667
up €11,667 (+16,227%), from €72 to €11,739
of which Trade receivables: +€10,600
- Formation expenses -€1,515
no longer reported in 2025 (was €1,515)
- Reserves +€54,575
new in 2025: €54,575
- Tax, wage and social debts +€22,207
new in 2025: €22,207
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin +€74,689
up €74,689, from -€398 to €74,291
- Taxes +€14,504
new in 2025: €14,504
- Financial charges +€2,408
up €2,408 (+60,358%), from €4 to €2,412
- Depreciation +€2,008
up €2,008 (+1,313%), from €153 to €2,160
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.
Derived cash bridge
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 | €10,395 | €77,783 | +€67,388 | +648% |
| Formation expenses | 20 | €1,515 | - | -€1,515 | |
| Fixed assets | 21/28 | €1,592 | €1,337 | -€255 | -16.0% |
| Tangible fixed assets | 22/27 | €1,592 | €1,337 | -€255 | -16.0% |
| Plant, machinery and equipment | 23 | €1,592 | €1,337 | -€255 | -16.0% |
| Current assets | 29/58 | €7,288 | €76,446 | +€69,158 | +949% |
| Amounts receivable within one year | 40/41 | €72 | €11,739 | +€11,667 | +16,227% |
| Trade receivables | 40 | - | €10,600 | +€10,600 | |
| Other amounts receivable | 41 | €72 | €1,140 | +€1,068 | +1,485% |
| Cash at bank and in hand | 54/58 | €6,569 | €63,719 | +€57,150 | +870% |
| Deferred charges and accrued income | 490/1 | €647 | €988 | +€340 | +52.6% |
| Total equity and liabilities | 10/49 | €10,395 | €77,783 | +€67,388 | +648% |
| Equity | 10/15 | €395 | €55,575 | +€55,180 | +13,968% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €54,575 | +€54,575 | |
| Distributable reserves | 133 | - | €54,575 | +€54,575 | |
| Profit (loss) carried forward | 14 | -€605 | - | +€605 | |
| Amounts payable | 17/49 | €10,000 | €22,207 | +€12,207 | +122% |
| Amounts payable within one year | 42/48 | €10,000 | €22,207 | +€12,207 | +122% |
| Taxes, remuneration and social security | 45 | - | €22,207 | +€22,207 | |
| Taxes | 450/3 | - | €22,207 | +€22,207 | |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | €2,160 | +€2,008 | +1,313% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140% |
| Gross operating margin | 9900 | -€398 | €74,291 | +€74,689 | |
| Operating profit (loss) | 9901 | -€601 | €72,011 | +€72,612 | |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €4 | €2,412 | +€2,408 | +60,358% |
| Recurring financial charges | 65 | €4 | €2,412 | +€2,408 | +60,358% |
| Profit (loss) for the period before taxes | 9903 | -€605 | €69,685 | +€70,290 | |
| Income taxes | 67/77 | - | €14,504 | +€14,504 | |
| Profit (loss) for the period | 9904 | -€605 | €55,180 | +€55,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€605 | €55,180 | +€55,785 |
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 17 October 2026 via checked.be.