LENIKO: 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.
LENIKO
Largest movements
- Receivables within one year -€241,335
down €241,335 (-88.0%), from €274,324 to €32,989
of which Trade receivables: -€257,062
- Cash +€63,051
up €63,051 (+247.7%), from €25,456 to €88,507
mainly Receivables within one year (+€241,335) and Other debts (+€27,378)
- Tangible fixed assets +€40,126
up €40,126 (+286.0%), from €14,028 to €54,154
of which Other tangible fixed assets: +€29,067
- Intangible fixed assets -€12,955
down €12,955 (-10.7%), from €120,926 to €107,971
- Current investments +€8,000
new in 2025: €8,000
- Trade debts -€77,903
down €77,903 (-90.5%), from €86,093 to €8,190
- Short-term financial debts -€60,337
down €60,337 (-39.8%), from €151,697 to €91,360
- Reserves -€41,173
down €41,173 (-15.8%), from €261,107 to €219,934
of which Distributable reserves: -€41,173
- Other debts +€27,378
up €27,378 (+233.3%), from €11,736 to €39,114
- Profit (loss) carried forward +€16,463
up €16,463 (+10.2%), from -€162,104 to -€145,641
- Financial charges -€379,991
down €379,991 (-97.2%), from €390,860 to €10,869
of which Non-recurring financial charges: -€372,885
- Gross operating margin -€137,036
down €137,036 (-70.4%), from €194,767 to €57,731
- Taxes -€38,816
down €38,816 (-84.9%), from €45,733 to €6,916
- Financial income -€14,159
down €14,159 (-98.4%), from €14,390 to €231
- Depreciation +€12,928
up €12,928 (+139.6%), from €9,261 to €22,189
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 | €445,020 | €303,325 | -€141,694 | -31.8% |
| Fixed assets | 21/28 | €142,454 | €169,625 | +€27,171 | +19.1% |
| Intangible fixed assets | 21 | €120,926 | €107,971 | -€12,955 | -10.7% |
| Tangible fixed assets | 22/27 | €14,028 | €54,154 | +€40,126 | +286.0% |
| Plant, machinery and equipment | 23 | €5,242 | €4,494 | -€748 | -14.3% |
| Furniture and vehicles | 24 | €8,786 | €20,592 | +€11,806 | +134.4% |
| Other tangible fixed assets | 26 | - | €29,067 | +€29,067 | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €302,565 | €133,700 | -€168,865 | -55.8% |
| Amounts receivable within one year | 40/41 | €274,324 | €32,989 | -€241,335 | -88.0% |
| Trade receivables | 40 | €273,990 | €16,928 | -€257,062 | -93.8% |
| Other amounts receivable | 41 | €334 | €16,061 | +€15,727 | +4704.5% |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €25,456 | €88,507 | +€63,051 | +247.7% |
| Deferred charges and accrued income | 490/1 | €2,786 | €4,205 | +€1,419 | +50.9% |
| Total equity and liabilities | 10/49 | €445,020 | €303,325 | -€141,694 | -31.8% |
| Equity | 10/15 | €117,753 | €93,043 | -€24,710 | -21.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €261,107 | €219,934 | -€41,173 | -15.8% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €259,232 | €218,059 | -€41,173 | -15.9% |
| Profit (loss) carried forward | 14 | -€162,104 | -€145,641 | +€16,463 | +10.2% |
| Amounts payable | 17/49 | €327,267 | €210,283 | -€116,985 | -35.7% |
| Amounts payable after more than one year | 17 | €17,185 | €6,394 | -€10,791 | -62.8% |
| Financial debts | 170/4 | €17,185 | €6,394 | -€10,791 | -62.8% |
| Amounts payable within one year | 42/48 | €310,082 | €203,888 | -€106,193 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €10,579 | €10,791 | +€212 | +2.0% |
| Financial debts | 43 | €151,697 | €91,360 | -€60,337 | -39.8% |
| Credit institutions | 430/8 | €151,697 | €91,360 | -€60,337 | -39.8% |
| Trade debts | 44 | €86,093 | €8,190 | -€77,903 | -90.5% |
| Suppliers | 440/4 | €86,093 | €8,190 | -€77,903 | -90.5% |
| Taxes, remuneration and social security | 45 | €49,976 | €54,433 | +€4,457 | +8.9% |
| Taxes | 450/3 | €49,976 | €54,433 | +€4,457 | +8.9% |
| Other amounts payable | 47/48 | €11,736 | €39,114 | +€27,378 | +233.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €284 | €256 | -€28 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,261 | €22,189 | +€12,928 | +139.6% |
| Other operating charges | 640/8 | €2,293 | €1,269 | -€1,025 | -44.7% |
| Gross operating margin | 9900 | €194,767 | €57,731 | -€137,036 | -70.4% |
| Operating profit (loss) | 9901 | €182,928 | €34,017 | -€148,911 | -81.4% |
| Financial income | 75/76B | €14,390 | €231 | -€14,159 | -98.4% |
| Recurring financial income | 75 | €14,390 | €231 | -€14,159 | -98.4% |
| Financial charges | 65/66B | €390,860 | €10,869 | -€379,991 | -97.2% |
| Recurring financial charges | 65 | €17,975 | €10,869 | -€7,107 | -39.5% |
| Non-recurring financial charges | 66B | €372,885 | €0 | -€372,885 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€193,542 | €23,379 | +€216,922 | |
| Income taxes | 67/77 | €45,733 | €6,916 | -€38,816 | -84.9% |
| Profit (loss) for the period | 9904 | -€239,275 | €16,463 | +€255,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€239,275 | €16,463 | +€255,738 |
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 1 October 2026 via checked.be.