Lenjou Michel: 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.
Lenjou Michel
Largest movements
- Receivables within one year +€20,284
up €20,284 (+46,491%), from €44 to €20,328
of which Trade receivables: +€19,470
- Financial fixed assets -€5,250
down €5,250 (-1.7%), from €305,250 to €300,000
- Reserves +€13,759
up €13,759 (+10.7%), from €128,936 to €142,694
- Debts after one year +€10,000
up €10,000 (+16.7%), from €60,000 to €70,000
of which Other amounts payable: +€10,000
- Current portion of long-term debt -€9,965
down €9,965 (-100%), from €9,965 to €0
- Other debts -€7,785
down €7,785 (-20.0%), from €38,840 to €31,055
- Tax, wage and social debts +€5,312
up €5,312 (+31.1%), from €17,055 to €22,367
of which Remuneration and social security: +€4,000
- Financial charges +€4,428
up €4,428 (+116%), from €3,827 to €8,255
- Gross operating margin -€2,111
down €2,111 (-6.9%), from €30,462 to €28,351
- Taxes -€1,542
down €1,542 (-21.8%), from €7,060 to €5,518
- Depreciation -€1,022
down €1,022 (-92.9%), from €1,100 to €78
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 | €309,067 | €321,365 | +€12,298 | +4.0% |
| Fixed assets | 21/28 | €305,328 | €300,000 | -€5,328 | -1.7% |
| Tangible fixed assets | 22/27 | €78 | €0 | -€78 | -100% |
| Furniture and vehicles | 24 | €78 | €0 | -€78 | -100% |
| Financial fixed assets | 28 | €305,250 | €300,000 | -€5,250 | -1.7% |
| Current assets | 29/58 | €3,739 | €21,365 | +€17,626 | +471% |
| Amounts receivable within one year | 40/41 | €44 | €20,328 | +€20,284 | +46,491% |
| Trade receivables | 40 | €0 | €19,470 | +€19,470 | |
| Other amounts receivable | 41 | €44 | €858 | +€814 | +1,866% |
| Cash at bank and in hand | 54/58 | €3,041 | €371 | -€2,670 | -87.8% |
| Deferred charges and accrued income | 490/1 | €655 | €667 | +€12 | +1.8% |
| Total equity and liabilities | 10/49 | €309,067 | €321,365 | +€12,298 | +4.0% |
| Equity | 10/15 | €178,936 | €192,694 | +€13,759 | +7.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €128,936 | €142,694 | +€13,759 | +10.7% |
| Distributable reserves | 133 | €128,936 | €142,694 | +€13,759 | +10.7% |
| Amounts payable | 17/49 | €130,132 | €128,671 | -€1,461 | -1.1% |
| Amounts payable after more than one year | 17 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Amounts payable within one year | 42/48 | €66,966 | €55,875 | -€11,091 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €9,965 | €0 | -€9,965 | -100% |
| Trade debts | 44 | €1,105 | €2,452 | +€1,347 | +122% |
| Suppliers | 440/4 | €1,105 | €2,452 | +€1,347 | +122% |
| Taxes, remuneration and social security | 45 | €17,055 | €22,367 | +€5,312 | +31.1% |
| Taxes | 450/3 | €7,055 | €8,367 | +€1,312 | +18.6% |
| Remuneration and social security | 454/9 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Other amounts payable | 47/48 | €38,840 | €31,055 | -€7,785 | -20.0% |
| Accrued charges and deferred income | 492/3 | €3,166 | €2,797 | -€369 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €78 | -€1,022 | -92.9% |
| Other operating charges | 640/8 | €723 | €742 | +€19 | +2.6% |
| Gross operating margin | 9900 | €30,462 | €28,351 | -€2,111 | -6.9% |
| Operating profit (loss) | 9901 | €28,639 | €27,531 | -€1,108 | -3.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,827 | €8,255 | +€4,428 | +116% |
| Recurring financial charges | 65 | €3,827 | €8,255 | +€4,428 | +116% |
| Profit (loss) for the period before taxes | 9903 | €24,812 | €19,277 | -€5,536 | -22.3% |
| Income taxes | 67/77 | €7,060 | €5,518 | -€1,542 | -21.8% |
| Profit (loss) for the period | 9904 | €17,752 | €13,759 | -€3,993 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,752 | €13,759 | -€3,993 | -22.5% |
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 20 October 2026 via checked.be.