LENNO: 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.
LENNO
Largest movements
- Tangible fixed assets -€20,728
down €20,728 (-2.8%), from €749,948 to €729,220
- Receivables within one year -€13,492
down €13,492 (-4.2%), from €323,389 to €309,897
of which Other amounts receivable: -€13,492
- Profit (loss) carried forward -€95,542
down €95,542 (-10.8%), from -€885,210 to -€980,752
- Other debts +€67,192
up €67,192 (+8.5%), from €790,652 to €857,843
- Other operating charges +€24,143
up €24,143 (+1134.2%), from €2,129 to €26,272
- Gross operating margin +€10,665
up €10,665 (+44.2%), from -€24,135 to -€13,470
- Financial charges -€1,098
down €1,098 (-2.0%), from €54,745 to €53,647
- Financial income +€1,012
up €1,012 (+10.5%), from €9,621 to €10,632
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 | €1,073,521 | €1,039,140 | -€34,380 | -3.2% |
| Fixed assets | 21/28 | €749,948 | €729,220 | -€20,728 | -2.8% |
| Tangible fixed assets | 22/27 | €749,948 | €729,220 | -€20,728 | -2.8% |
| Land and buildings | 22 | €749,948 | €729,220 | -€20,728 | -2.8% |
| Current assets | 29/58 | €323,572 | €309,920 | -€13,652 | -4.2% |
| Amounts receivable within one year | 40/41 | €323,389 | €309,897 | -€13,492 | -4.2% |
| Trade receivables | 40 | €16,292 | €16,292 | = | 0.0% |
| Other amounts receivable | 41 | €307,097 | €293,605 | -€13,492 | -4.4% |
| Cash at bank and in hand | 54/58 | €184 | €23 | -€160 | -87.2% |
| Total equity and liabilities | 10/49 | €1,073,521 | €1,039,140 | -€34,380 | -3.2% |
| Equity | 10/15 | -€642,827 | -€744,325 | -€101,499 | -15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €180,383 | €174,427 | -€5,956 | -3.3% |
| Tax-exempt reserves | 132 | €180,383 | €174,427 | -€5,956 | -3.3% |
| Profit (loss) carried forward | 14 | -€885,210 | -€980,752 | -€95,542 | -10.8% |
| Provisions and deferred taxes | 16 | €60,128 | €58,142 | -€1,985 | -3.3% |
| Deferred taxes | 168 | €60,128 | €58,142 | -€1,985 | -3.3% |
| Amounts payable | 17/49 | €1,656,219 | €1,725,323 | +€69,104 | +4.2% |
| Amounts payable within one year | 42/48 | €1,656,219 | €1,725,323 | +€69,104 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €861,000 | €861,000 | = | 0.0% |
| Financial debts | 43 | - | €3,256 | +€3,256 | |
| Credit institutions | 430/8 | - | €3,256 | +€3,256 | |
| Trade debts | 44 | €4,568 | €3,223 | -€1,344 | -29.4% |
| Suppliers | 440/4 | €4,568 | €3,223 | -€1,344 | -29.4% |
| Other amounts payable | 47/48 | €790,652 | €857,843 | +€67,192 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,728 | €20,728 | = | 0.0% |
| Other operating charges | 640/8 | €2,129 | €26,272 | +€24,143 | +1134.2% |
| Gross operating margin | 9900 | -€24,135 | -€13,470 | +€10,665 | +44.2% |
| Operating profit (loss) | 9901 | -€46,992 | -€60,469 | -€13,478 | -28.7% |
| Financial income | 75/76B | €9,621 | €10,632 | +€1,012 | +10.5% |
| Recurring financial income | 75 | €9,621 | €10,632 | +€1,012 | +10.5% |
| Financial charges | 65/66B | €54,745 | €53,647 | -€1,098 | -2.0% |
| Recurring financial charges | 65 | €54,745 | €53,647 | -€1,098 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€92,116 | -€103,484 | -€11,368 | -12.3% |
| Transfer from deferred taxes | 780 | €1,985 | €1,985 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€90,131 | -€101,499 | -€11,368 | -12.6% |
| Transfer from tax-exempt reserves | 789 | €5,956 | €5,956 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,175 | -€95,542 | -€11,368 | -13.5% |
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 4 October 2026 via checked.be.