LENNERT LEENAERTS: 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.
LENNERT LEENAERTS
Largest movements
- Receivables within one year +€28,801
up €28,801 (+53.1%), from €54,190 to €82,991
of which Other amounts receivable: +€50,129
- Tangible fixed assets +€14,238
new in 2025: €14,238
of which Furniture and vehicles: +€12,309
- Cash +€8,296
up €8,296 (+200%), from €4,149 to €12,445
mainly Net result for the year (+€52,987) and Tax, wage and social debts (+€12,724)
- Profit (loss) carried forward +€52,987
up €52,987 (+179%), from €29,586 to €82,572
- Trade debts -€14,750
down €14,750 (-92.1%), from €16,009 to €1,260
- Tax, wage and social debts +€12,724
up €12,724 (+116%), from €10,995 to €23,719
- Gross operating margin +€38,466
up €38,466 (+102%), from €37,627 to €76,093
- Taxes +€7,148
up €7,148 (+87.3%), from €8,191 to €15,339
- Other operating charges +€2,411
up €2,411 (+70.6%), from €3,413 to €5,824
- Financial income -€1,646
down €1,646 (-100%), from €1,646 to €0
- Depreciation +€1,212
up €1,212 (+325%), from €373 to €1,586
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 | €59,590 | €110,551 | +€50,961 | +85.5% |
| Formation expenses | 20 | €1,250 | €877 | -€373 | -29.9% |
| Fixed assets | 21/28 | - | €14,238 | +€14,238 | |
| Tangible fixed assets | 22/27 | - | €14,238 | +€14,238 | |
| Plant, machinery and equipment | 23 | - | €1,929 | +€1,929 | |
| Furniture and vehicles | 24 | - | €12,309 | +€12,309 | |
| Current assets | 29/58 | €58,339 | €95,436 | +€37,097 | +63.6% |
| Amounts receivable within one year | 40/41 | €54,190 | €82,991 | +€28,801 | +53.1% |
| Trade receivables | 40 | €35,756 | €14,428 | -€21,328 | -59.6% |
| Other amounts receivable | 41 | €18,434 | €68,563 | +€50,129 | +272% |
| Cash at bank and in hand | 54/58 | €4,149 | €12,445 | +€8,296 | +200% |
| Total equity and liabilities | 10/49 | €59,590 | €110,551 | +€50,961 | +85.5% |
| Equity | 10/15 | €32,586 | €85,572 | +€52,987 | +163% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,586 | €82,572 | +€52,987 | +179% |
| Amounts payable | 17/49 | €27,004 | €24,978 | -€2,026 | -7.5% |
| Amounts payable within one year | 42/48 | €27,004 | €24,978 | -€2,026 | -7.5% |
| Trade debts | 44 | €16,009 | €1,260 | -€14,750 | -92.1% |
| Suppliers | 440/4 | €16,009 | €1,260 | -€14,750 | -92.1% |
| Taxes, remuneration and social security | 45 | €10,995 | €23,719 | +€12,724 | +116% |
| Taxes | 450/3 | €10,995 | €23,719 | +€12,724 | +116% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373 | €1,586 | +€1,212 | +325% |
| Other operating charges | 640/8 | €3,413 | €5,824 | +€2,411 | +70.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,627 | €76,093 | +€38,466 | +102% |
| Operating profit (loss) | 9901 | €33,840 | €68,683 | +€34,843 | +103% |
| Financial income | 75/76B | €1,646 | €0 | -€1,646 | -100% |
| Recurring financial income | 75 | €1,646 | €0 | -€1,646 | -100% |
| Financial charges | 65/66B | €50 | €357 | +€307 | +620% |
| Recurring financial charges | 65 | €50 | €357 | +€307 | +620% |
| Profit (loss) for the period before taxes | 9903 | €35,436 | €68,326 | +€32,890 | +92.8% |
| Income taxes | 67/77 | €8,191 | €15,339 | +€7,148 | +87.3% |
| Profit (loss) for the period | 9904 | €27,245 | €52,987 | +€25,742 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,245 | €52,987 | +€25,742 | +94.5% |
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 28 October 2026 via checked.be.