LENKO: 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.
LENKO
Largest movements
- Receivables within one year +€34,013
up €34,013 (+8.3%), from €407,702 to €441,715
- Reserves +€29,842
up €29,842 (+32.6%), from €91,639 to €121,481
of which Distributable reserves: +€29,842
- Financial charges -€1,367
down €1,367 (-16.1%), from €8,485 to €7,118
- Other operating charges +€979
up €979 (+23.9%), from €4,094 to €5,074
- Financial income -€635
down €635 (-2.7%), from €23,650 to €23,015
- Gross operating margin -€579
down €579 (-2.0%), from €29,498 to €28,919
- Taxes -€300
down €300 (-2.9%), from €10,200 to €9,900
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 | €751,771 | €787,652 | +€35,882 | +4.8% |
| Fixed assets | 21/28 | €341,599 | €341,599 | = | 0.0% |
| Tangible fixed assets | 22/27 | €341,349 | €341,349 | = | 0.0% |
| Land and buildings | 22 | €341,349 | €341,349 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €410,172 | €446,053 | +€35,882 | +8.7% |
| Amounts receivable within one year | 40/41 | €407,702 | €441,715 | +€34,013 | +8.3% |
| Other amounts receivable | 41 | €407,702 | €441,715 | +€34,013 | +8.3% |
| Cash at bank and in hand | 54/58 | €2,470 | €4,339 | +€1,869 | +75.7% |
| Total equity and liabilities | 10/49 | €751,771 | €787,652 | +€35,882 | +4.8% |
| Equity | 10/15 | €637,054 | €666,896 | +€29,842 | +4.7% |
| Contributions | 10/11 | €545,415 | €545,415 | = | 0.0% |
| Capital | 10 | €545,415 | €545,415 | = | 0.0% |
| Issued capital | 100 | €545,415 | €545,415 | = | 0.0% |
| Reserves | 13 | €91,639 | €121,481 | +€29,842 | +32.6% |
| Non-distributable reserves | 130/1 | €54,542 | €54,542 | = | 0.0% |
| Legal reserve | 130 | €54,542 | €54,542 | = | 0.0% |
| Distributable reserves | 133 | €37,098 | €66,939 | +€29,842 | +80.4% |
| Amounts payable | 17/49 | €114,716 | €120,756 | +€6,040 | +5.3% |
| Amounts payable within one year | 42/48 | €114,716 | €120,756 | +€6,040 | +5.3% |
| Financial debts | 43 | €96,000 | €96,000 | = | 0.0% |
| Credit institutions | 430/8 | €96,000 | €96,000 | = | 0.0% |
| Trade debts | 44 | €5,246 | €7,517 | +€2,271 | +43.3% |
| Suppliers | 440/4 | €5,246 | €7,517 | +€2,271 | +43.3% |
| Taxes, remuneration and social security | 45 | €13,470 | €17,239 | +€3,769 | +28.0% |
| Taxes | 450/3 | €13,470 | €17,239 | +€3,769 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | - | -€111 | |
| Other operating charges | 640/8 | €4,094 | €5,074 | +€979 | +23.9% |
| Gross operating margin | 9900 | €29,498 | €28,919 | -€579 | -2.0% |
| Operating profit (loss) | 9901 | €25,293 | €23,845 | -€1,448 | -5.7% |
| Financial income | 75/76B | €23,650 | €23,015 | -€635 | -2.7% |
| Recurring financial income | 75 | €23,650 | €23,015 | -€635 | -2.7% |
| Financial charges | 65/66B | €8,485 | €7,118 | -€1,367 | -16.1% |
| Recurring financial charges | 65 | €8,485 | €7,118 | -€1,367 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €40,458 | €39,742 | -€716 | -1.8% |
| Income taxes | 67/77 | €10,200 | €9,900 | -€300 | -2.9% |
| Profit (loss) for the period | 9904 | €30,258 | €29,842 | -€416 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,258 | €29,842 | -€416 | -1.4% |
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 17 October 2026 via checked.be.