LENILO: 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.
LENILO
Largest movements
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€93,454
up €93,454 (+190.0%), from €49,197 to €142,651
mainly Receivables after one year (+€100,000) and Receivables within one year (+€92,901)
- Receivables within one year -€92,901
down €92,901 (-60.5%), from €153,611 to €60,710
of which Trade receivables: -€98,098
- Stocks and contracts -€29,161
down €29,161 (-74.8%), from €39,000 to €9,839
- Tangible fixed assets -€10,840
down €10,840 (-14.9%), from €72,734 to €61,894
of which Furniture and vehicles: -€9,011
- Other debts -€174,944
down €174,944 (-63.6%), from €274,944 to €100,000
- Tax, wage and social debts +€54,529
up €54,529 (+106.3%), from €51,312 to €105,841
of which Taxes: +€50,443
- Debts after one year -€20,810
down €20,810 (-63.0%), from €33,049 to €12,239
- Profit (loss) carried forward -€11,731
down €11,731 (-86.4%), from €13,571 to €1,840
- Trade debts +€11,690
up €11,690 (+140.9%), from €8,297 to €19,987
- Gross operating margin +€99,444
up €99,444 (+60.2%), from €165,325 to €264,769
- Taxes +€22,445
up €22,445 (+228.9%), from €9,805 to €32,250
- Financial income +€20,503
new in 2025: €20,503
of which Non-recurring financial income: +€20,443
- Depreciation +€7,450
up €7,450 (+49.3%), from €15,107 to €22,557
- Provisions +€6,000
no longer reported in 2025 (was -€6,000)
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 | €416,242 | €283,824 | -€132,418 | -31.8% |
| Fixed assets | 21/28 | €74,434 | €63,594 | -€10,840 | -14.6% |
| Tangible fixed assets | 22/27 | €72,734 | €61,894 | -€10,840 | -14.9% |
| Plant, machinery and equipment | 23 | €12,704 | €10,875 | -€1,829 | -14.4% |
| Furniture and vehicles | 24 | €60,030 | €51,019 | -€9,011 | -15.0% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €341,808 | €220,230 | -€121,578 | -35.6% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | €39,000 | €9,839 | -€29,161 | -74.8% |
| Contracts in progress | 37 | €39,000 | €9,839 | -€29,161 | -74.8% |
| Amounts receivable within one year | 40/41 | €153,611 | €60,710 | -€92,901 | -60.5% |
| Trade receivables | 40 | €153,611 | €55,513 | -€98,098 | -63.9% |
| Other amounts receivable | 41 | - | €5,197 | +€5,197 | |
| Cash at bank and in hand | 54/58 | €49,197 | €142,651 | +€93,454 | +190.0% |
| Deferred charges and accrued income | 490/1 | - | €7,030 | +€7,030 | |
| Total equity and liabilities | 10/49 | €416,242 | €283,824 | -€132,418 | -31.8% |
| Equity | 10/15 | €19,071 | €17,447 | -€1,624 | -8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €10,607 | +€10,107 | +2021.4% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | - | €10,107 | +€10,107 | |
| Profit (loss) carried forward | 14 | €13,571 | €1,840 | -€11,731 | -86.4% |
| Provisions and deferred taxes | 16 | €7,500 | €7,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €7,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable | 17/49 | €389,671 | €258,877 | -€130,794 | -33.6% |
| Amounts payable after more than one year | 17 | €33,049 | €12,239 | -€20,810 | -63.0% |
| Financial debts | 170/4 | €33,049 | €12,239 | -€20,810 | -63.0% |
| Amounts payable within one year | 42/48 | €356,622 | €246,638 | -€109,984 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €22,069 | €20,810 | -€1,259 | -5.7% |
| Trade debts | 44 | €8,297 | €19,987 | +€11,690 | +140.9% |
| Suppliers | 440/4 | €8,297 | €19,987 | +€11,690 | +140.9% |
| Taxes, remuneration and social security | 45 | €51,312 | €105,841 | +€54,529 | +106.3% |
| Taxes | 450/3 | €27,365 | €77,808 | +€50,443 | +184.3% |
| Remuneration and social security | 454/9 | €23,947 | €28,033 | +€4,086 | +17.1% |
| Other amounts payable | 47/48 | €274,944 | €100,000 | -€174,944 | -63.6% |
| Remuneration, social security and pensions | 62 | €132,574 | €132,979 | +€405 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,107 | €22,557 | +€7,450 | +49.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,000 | - | +€6,000 | |
| Other operating charges | 640/8 | €8,344 | €5,061 | -€3,283 | -39.3% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €165,325 | €264,769 | +€99,444 | +60.2% |
| Operating profit (loss) | 9901 | €15,300 | €103,982 | +€88,682 | +579.6% |
| Financial income | 75/76B | - | €20,503 | +€20,503 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Non-recurring financial income | 76B | - | €20,443 | +€20,443 | |
| Financial charges | 65/66B | €2,713 | €3,966 | +€1,253 | +46.2% |
| Recurring financial charges | 65 | €2,713 | €3,966 | +€1,253 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €12,587 | €120,519 | +€107,932 | +857.5% |
| Income taxes | 67/77 | €9,805 | €32,250 | +€22,445 | +228.9% |
| Profit (loss) for the period | 9904 | €2,782 | €88,269 | +€85,487 | +3072.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,782 | €88,269 | +€85,487 | +3072.9% |
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 6 October 2026 via checked.be.