LENNERTS CONSTRUCT: 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.
LENNERTS CONSTRUCT
Largest movements
- Receivables within one year +€70,743
up €70,743 (+55.5%), from €127,420 to €198,163
of which Trade receivables: +€76,132
- Cash +€69,006
up €69,006 (+17762.1%), from €389 to €69,394
mainly Trade debts (+€74,986) and Net result for the year (+€54,766)
- Tangible fixed assets -€23,406
down €23,406 (-21.8%), from €107,539 to €84,132
- Trade debts +€74,986
up €74,986 (+82.1%), from €91,337 to €166,324
- Profit (loss) carried forward +€54,766
up €54,766 (+59.9%), from €91,366 to €146,132
- Debts after one year -€13,785
down €13,785 (-25.0%), from €55,104 to €41,319
- Depreciation +€17,253
up €17,253 (+175.9%), from €9,806 to €27,059
- Gross operating margin +€11,314
up €11,314 (+9.9%), from €113,811 to €125,125
- Staff costs +€7,272
up €7,272 (+56.9%), from €12,781 to €20,054
- Financial charges +€4,029
up €4,029 (+87.2%), from €4,621 to €8,649
- Taxes -€2,636
down €2,636 (-15.7%), from €16,825 to €14,188
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 | €316,382 | €430,940 | +€114,558 | +36.2% |
| Fixed assets | 21/28 | €107,821 | €84,415 | -€23,406 | -21.7% |
| Tangible fixed assets | 22/27 | €107,539 | €84,132 | -€23,406 | -21.8% |
| Plant, machinery and equipment | 23 | €33,585 | €29,606 | -€3,979 | -11.8% |
| Furniture and vehicles | 24 | €31,055 | €22,661 | -€8,394 | -27.0% |
| Leasing and similar rights | 25 | €42,899 | €31,865 | -€11,034 | -25.7% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €208,560 | €346,525 | +€137,964 | +66.2% |
| Stocks and contracts in progress | 3 | €75,536 | €72,272 | -€3,264 | -4.3% |
| Stocks | 30/36 | €75,536 | €72,272 | -€3,264 | -4.3% |
| Amounts receivable within one year | 40/41 | €127,420 | €198,163 | +€70,743 | +55.5% |
| Trade receivables | 40 | €114,512 | €190,644 | +€76,132 | +66.5% |
| Other amounts receivable | 41 | €12,908 | €7,519 | -€5,389 | -41.8% |
| Cash at bank and in hand | 54/58 | €389 | €69,394 | +€69,006 | +17762.1% |
| Deferred charges and accrued income | 490/1 | €5,216 | €6,695 | +€1,479 | +28.4% |
| Total equity and liabilities | 10/49 | €316,382 | €430,940 | +€114,558 | +36.2% |
| Equity | 10/15 | €101,366 | €156,132 | +€54,766 | +54.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,366 | €146,132 | +€54,766 | +59.9% |
| Amounts payable | 17/49 | €215,016 | €274,808 | +€59,792 | +27.8% |
| Amounts payable after more than one year | 17 | €55,104 | €41,319 | -€13,785 | -25.0% |
| Financial debts | 170/4 | €55,104 | €41,319 | -€13,785 | -25.0% |
| Amounts payable within one year | 42/48 | €158,988 | €232,739 | +€73,752 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €16,380 | €15,298 | -€1,082 | -6.6% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €91,337 | €166,324 | +€74,986 | +82.1% |
| Suppliers | 440/4 | €91,337 | €166,324 | +€74,986 | +82.1% |
| Taxes, remuneration and social security | 45 | €10,529 | €7,045 | -€3,484 | -33.1% |
| Taxes | 450/3 | €8,229 | €4,445 | -€3,784 | -46.0% |
| Remuneration and social security | 454/9 | €2,300 | €2,600 | +€300 | +13.0% |
| Other amounts payable | 47/48 | €25,741 | €29,072 | +€3,331 | +12.9% |
| Accrued charges and deferred income | 492/3 | €924 | €750 | -€174 | -18.9% |
| Remuneration, social security and pensions | 62 | €12,781 | €20,054 | +€7,272 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,806 | €27,059 | +€17,253 | +175.9% |
| Other operating charges | 640/8 | €340 | €412 | +€72 | +21.1% |
| Gross operating margin | 9900 | €113,811 | €125,125 | +€11,314 | +9.9% |
| Operating profit (loss) | 9901 | €90,883 | €77,600 | -€13,283 | -14.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +4750.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4750.0% |
| Financial charges | 65/66B | €4,621 | €8,649 | +€4,029 | +87.2% |
| Recurring financial charges | 65 | €4,621 | €8,649 | +€4,029 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €86,263 | €68,954 | -€17,309 | -20.1% |
| Income taxes | 67/77 | €16,825 | €14,188 | -€2,636 | -15.7% |
| Profit (loss) for the period | 9904 | €69,438 | €54,766 | -€14,672 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,438 | €54,766 | -€14,672 | -21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.