LENINO: 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.
LENINO
Largest movements
- Tangible fixed assets -€16,688
down €16,688 (-30.6%), from €54,496 to €37,808
of which Furniture and vehicles: -€15,695
- Intangible fixed assets -€11,000
down €11,000 (-19.6%), from €56,067 to €45,067
- Receivables within one year +€6,627
up €6,627 (+50.8%), from €13,052 to €19,680
of which Other amounts receivable: +€4,886
- Receivables after one year +€5,000
new in 2025: €5,000
- Cash +€4,211
up €4,211 (+16.4%), from €25,704 to €29,915
mainly Depreciation (+€27,688) and Other debts (+€25,734)
- Debts after one year -€30,937
down €30,937 (-54.7%), from €56,534 to €25,597
- Other debts +€25,734
new in 2025: €25,734
- Profit (loss) carried forward -€12,879
no longer reported in 2025 (was €12,879)
- Trade debts +€3,304
up €3,304 (+687.2%), from €481 to €3,784
- Tax, wage and social debts +€2,453
up €2,453 (+58.9%), from €4,164 to €6,617
- Financial charges -€1,209
down €1,209 (-26.9%), from €4,500 to €3,290
- Gross operating margin -€1,038
down €1,038 (-2.1%), from €49,435 to €48,397
- Depreciation -€869
down €869 (-3.0%), from €28,557 to €27,688
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 | €149,659 | €138,275 | -€11,383 | -7.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €110,563 | €82,875 | -€27,688 | -25.0% |
| Intangible fixed assets | 21 | €56,067 | €45,067 | -€11,000 | -19.6% |
| Tangible fixed assets | 22/27 | €54,496 | €37,808 | -€16,688 | -30.6% |
| Plant, machinery and equipment | 23 | €3,283 | €2,291 | -€993 | -30.2% |
| Furniture and vehicles | 24 | €51,213 | €35,517 | -€15,695 | -30.6% |
| Current assets | 29/58 | €39,096 | €55,400 | +€16,305 | +41.7% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Trade receivables | 290 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €13,052 | €19,680 | +€6,627 | +50.8% |
| Trade receivables | 40 | €11,757 | €13,497 | +€1,741 | +14.8% |
| Other amounts receivable | 41 | €1,296 | €6,182 | +€4,886 | +377.1% |
| Cash at bank and in hand | 54/58 | €25,704 | €29,915 | +€4,211 | +16.4% |
| Deferred charges and accrued income | 490/1 | €340 | €806 | +€467 | +137.5% |
| Total equity and liabilities | 10/49 | €149,659 | €138,275 | -€11,383 | -7.6% |
| Equity | 10/15 | €57,079 | €44,200 | -€12,879 | -22.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €40,200 | €40,200 | = | 0.0% |
| Distributable reserves | 133 | €40,200 | €40,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,879 | - | -€12,879 | |
| Amounts payable | 17/49 | €92,580 | €94,075 | +€1,495 | +1.6% |
| Amounts payable after more than one year | 17 | €56,534 | €25,597 | -€30,937 | -54.7% |
| Financial debts | 170/4 | €56,534 | €25,597 | -€30,937 | -54.7% |
| Amounts payable within one year | 42/48 | €34,640 | €67,073 | +€32,432 | +93.6% |
| Current portion of amounts payable after more than one year | 42 | €29,996 | €30,937 | +€941 | +3.1% |
| Trade debts | 44 | €481 | €3,784 | +€3,304 | +687.2% |
| Suppliers | 440/4 | €481 | €3,784 | +€3,304 | +687.2% |
| Taxes, remuneration and social security | 45 | €4,164 | €6,617 | +€2,453 | +58.9% |
| Taxes | 450/3 | €4,164 | €6,617 | +€2,453 | +58.9% |
| Other amounts payable | 47/48 | - | €25,734 | +€25,734 | |
| Accrued charges and deferred income | 492/3 | €1,406 | €1,406 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,557 | €27,688 | -€869 | -3.0% |
| Other operating charges | 640/8 | €951 | €969 | +€17 | +1.8% |
| Gross operating margin | 9900 | €49,435 | €48,397 | -€1,038 | -2.1% |
| Operating profit (loss) | 9901 | €19,927 | €19,740 | -€186 | -0.9% |
| Financial income | 75/76B | - | €149 | +€149 | |
| Recurring financial income | 75 | - | €149 | +€149 | |
| Financial charges | 65/66B | €4,500 | €3,290 | -€1,209 | -26.9% |
| Recurring financial charges | 65 | €4,500 | €3,290 | -€1,209 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €15,427 | €16,599 | +€1,172 | +7.6% |
| Income taxes | 67/77 | €3,764 | €3,743 | -€20 | -0.5% |
| Profit (loss) for the period | 9904 | €11,663 | €12,856 | +€1,192 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,663 | €12,856 | +€1,192 | +10.2% |
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.