Lennora: 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.
Lennora
Largest movements
- Receivables within one year +€154,707
up €154,707, from €0 to €154,707
of which Other amounts receivable: +€150,218
- Cash +€5,680
up €5,680 (+20.5%), from €27,771 to €33,451
mainly Other debts (+€149,340) and Net result for the year (+€5,985)
- Tangible fixed assets -€1,974
down €1,974 (-28.0%), from €7,047 to €5,073
- Other debts +€149,340
up €149,340 (+22627.3%), from €660 to €150,000
- Reserves +€5,985
up €5,985 (+23.1%), from €25,938 to €31,922
- Tax, wage and social debts +€4,174
up €4,174 (+212.2%), from €1,967 to €6,141
of which Remuneration and social security: +€2,450
- Gross operating margin -€1,916
down €1,916 (-16.1%), from €11,927 to €10,011
- Taxes -€179
down €179 (-9.1%), from €1,961 to €1,782
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 | €34,818 | €193,231 | +€158,412 | +455.0% |
| Fixed assets | 21/28 | €7,047 | €5,073 | -€1,974 | -28.0% |
| Tangible fixed assets | 22/27 | €7,047 | €5,073 | -€1,974 | -28.0% |
| Other tangible fixed assets | 26 | €7,047 | €5,073 | -€1,974 | -28.0% |
| Current assets | 29/58 | €27,771 | €188,157 | +€160,386 | +577.5% |
| Amounts receivable within one year | 40/41 | €0 | €154,707 | +€154,707 | |
| Trade receivables | 40 | - | €4,489 | +€4,489 | |
| Other amounts receivable | 41 | €0 | €150,218 | +€150,218 | |
| Cash at bank and in hand | 54/58 | €27,771 | €33,451 | +€5,680 | +20.5% |
| Total equity and liabilities | 10/49 | €34,818 | €193,231 | +€158,412 | +455.0% |
| Equity | 10/15 | €30,938 | €36,922 | +€5,985 | +19.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,938 | €31,922 | +€5,985 | +23.1% |
| Distributable reserves | 133 | €25,938 | €31,922 | +€5,985 | +23.1% |
| Amounts payable | 17/49 | €3,881 | €156,308 | +€152,428 | +3927.8% |
| Amounts payable within one year | 42/48 | €3,881 | €156,308 | +€152,428 | +3927.8% |
| Trade debts | 44 | €1,253 | €167 | -€1,086 | -86.7% |
| Suppliers | 440/4 | €1,253 | €167 | -€1,086 | -86.7% |
| Taxes, remuneration and social security | 45 | €1,967 | €6,141 | +€4,174 | +212.2% |
| Taxes | 450/3 | €1,967 | €3,691 | +€1,724 | +87.6% |
| Remuneration and social security | 454/9 | - | €2,450 | +€2,450 | |
| Other amounts payable | 47/48 | €660 | €150,000 | +€149,340 | +22627.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €1,974 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €11,927 | €10,011 | -€1,916 | -16.1% |
| Operating profit (loss) | 9901 | €9,835 | €7,917 | -€1,918 | -19.5% |
| Financial charges | 65/66B | €96 | €150 | +€54 | +56.1% |
| Recurring financial charges | 65 | €96 | €150 | +€54 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €9,739 | €7,767 | -€1,972 | -20.2% |
| Income taxes | 67/77 | €1,961 | €1,782 | -€179 | -9.1% |
| Profit (loss) for the period | 9904 | €7,777 | €5,985 | -€1,792 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,777 | €5,985 | -€1,792 | -23.0% |
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.