LENICOM: 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.
What changed
LENICOM
NACE 68.110, Buying and selling of own real estate
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€5,992
2023 · -€92,595+€98,587
Equity
€94,253
2023 · €88,261+€5,992
Cash
€31,267
2023 · €12,673+€18,594
Balance sheet total
€6.9m
2023 · €6.5m+€368,484
Largest movements
Assets
- Stocks and contracts +€707,234
up €707,234 (+57.8%), from €1.2m to €1.9m
- Tangible fixed assets -€461,196
down €461,196 (-9.1%), from €5.1m to €4.6m
of which Land and buildings: -€479,023
- Receivables within one year +€123,428
up €123,428 (+78.7%), from €156,813 to €280,241
of which Trade receivables: +€124,780
Equity and liabilities
- Short-term financial debts +€513,068
up €513,068 (+64.2%), from €798,932 to €1.3m
- Debts after one year -€342,011
down €342,011 (-12.2%), from €2.8m to €2.5m
of which Financial debts: -€342,011
- Other debts +€187,611
up €187,611 (+7.8%), from €2.4m to €2.6m
Income statement
- Gross operating margin +€75,437
up €75,437 (+29.2%), from €258,506 to €333,943
- Depreciation -€35,743
down €35,743 (-19.3%), from €185,005 to €149,262
- Other operating charges +€7,535
up €7,535 (+41.5%), from €18,141 to €25,676
- Financial charges +€4,718
up €4,718 (+3.2%), from €147,957 to €152,675
From the 2023 result to the 2024 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.
Result 2023
-€92,595
Gross operating margin
+€75,437
Depreciation
+€35,743
Other operating charges
-€7,535
Financial income
-€1
Financial charges
-€4,718
Taxes
-€340
Result 2024
€5,992
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€445,532
Investment
+€311,934
Financing
+€152,193
Cash 2023
€12,673
From operations (derived)
-€445,532
Net result for the year
+€5,992
Depreciation
+€149,262
Stocks and contracts
-€707,234
Receivables within one year
-€123,428
Deferred charges and accrued income
+€19,577
Trade debts
+€19,407
Tax, wage and social debts
-€14,719
Other debts
+€187,611
Accrued charges and deferred income
+€18,000
Investment (derived)
+€311,934
Investment in fixed assets (net)
+€311,934
Financing
+€152,193
Debts after one year
-€342,011
Current portion of long-term debt
-€18,864
Short-term financial debts
+€513,068
Cash 2024
€31,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,504,895 | €6,873,379 | +€368,484 | +5.7% |
| Fixed assets | 21/28 | €5,082,501 | €4,621,306 | -€461,196 | -9.1% |
| Tangible fixed assets | 22/27 | €5,082,431 | €4,621,236 | -€461,196 | -9.1% |
| Land and buildings | 22 | €3,917,612 | €3,438,589 | -€479,023 | -12.2% |
| Plant, machinery and equipment | 23 | €1,073,066 | €1,099,349 | +€26,283 | +2.4% |
| Furniture and vehicles | 24 | €9,611 | €13,480 | +€3,869 | +40.3% |
| Leasing and similar rights | 25 | €80,044 | €67,718 | -€12,325 | -15.4% |
| Other tangible fixed assets | 26 | €2,099 | €2,099 | = | 0.0% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €1,422,393 | €2,252,073 | +€829,680 | +58.3% |
| Stocks and contracts in progress | 3 | €1,223,023 | €1,930,257 | +€707,234 | +57.8% |
| Stocks | 30/36 | €1,223,023 | €1,930,257 | +€707,234 | +57.8% |
| Amounts receivable within one year | 40/41 | €156,813 | €280,241 | +€123,428 | +78.7% |
| Trade receivables | 40 | €154,938 | €279,718 | +€124,780 | +80.5% |
| Other amounts receivable | 41 | €1,875 | €523 | -€1,352 | -72.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,673 | €31,267 | +€18,594 | +147% |
| Deferred charges and accrued income | 490/1 | €29,885 | €10,309 | -€19,577 | -65.5% |
| Total equity and liabilities | 10/49 | €6,504,895 | €6,873,379 | +€368,484 | +5.7% |
| Equity | 10/15 | €88,261 | €94,253 | +€5,992 | +6.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,099 | €4,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,610 | €3,610 | = | 0.0% |
| Legal reserve | 130 | €3,610 | €3,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €489 | €489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,838 | -€59,846 | +€5,992 | +9.1% |
| Amounts payable | 17/49 | €6,416,633 | €6,779,126 | +€362,492 | +5.6% |
| Amounts payable after more than one year | 17 | €2,797,240 | €2,455,229 | -€342,011 | -12.2% |
| Financial debts | 170/4 | €2,796,040 | €2,454,029 | -€342,011 | -12.2% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,544,393 | €4,230,896 | +€686,503 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €239,233 | €220,369 | -€18,864 | -7.9% |
| Financial debts | 43 | €798,932 | €1,312,000 | +€513,068 | +64.2% |
| Credit institutions | 430/8 | €798,932 | €1,312,000 | +€513,068 | +64.2% |
| Trade debts | 44 | €76,124 | €95,531 | +€19,407 | +25.5% |
| Suppliers | 440/4 | €76,124 | €95,531 | +€19,407 | +25.5% |
| Taxes, remuneration and social security | 45 | €22,270 | €7,551 | -€14,719 | -66.1% |
| Taxes | 450/3 | €22,270 | €7,551 | -€14,719 | -66.1% |
| Other amounts payable | 47/48 | €2,407,833 | €2,595,445 | +€187,611 | +7.8% |
| Accrued charges and deferred income | 492/3 | €75,000 | €93,000 | +€18,000 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,005 | €149,262 | -€35,743 | -19.3% |
| Other operating charges | 640/8 | €18,141 | €25,676 | +€7,535 | +41.5% |
| Gross operating margin | 9900 | €258,506 | €333,943 | +€75,437 | +29.2% |
| Operating profit (loss) | 9901 | €55,359 | €159,005 | +€103,646 | +187% |
| Financial income | 75/76B | €1 | €1 | -€1 | -51.4% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -51.4% |
| Financial charges | 65/66B | €147,957 | €152,675 | +€4,718 | +3.2% |
| Recurring financial charges | 65 | €147,957 | €152,675 | +€4,718 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€92,597 | €6,331 | +€98,928 | |
| Income taxes | 67/77 | -€2 | €339 | +€340 | |
| Profit (loss) for the period | 9904 | -€92,595 | €5,992 | +€98,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,595 | €5,992 | +€98,587 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.