LeNo: 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.
LeNo
Largest movements
- Cash +€17,246
up €17,246 (+488%), from €3,531 to €20,777
mainly Other debts (+€55,766) and Net result for the year (+€33,279)
- Receivables within one year -€11,265
down €11,265 (-45.0%), from €25,017 to €13,752
of which Other amounts receivable: -€11,265
- Other debts +€55,766
up €55,766 (+362%), from €15,405 to €71,170
- Tax, wage and social debts -€36,157
down €36,157 (-89.0%), from €40,612 to €4,455
of which Remuneration and social security: -€32,734
- Reserves +€33,279
up €33,279 (+17.1%), from €194,296 to €227,576
- Debts after one year -€28,604
down €28,604 (-100%), from €28,604 to €0
- Current portion of long-term debt -€14,248
down €14,248 (-33.2%), from €42,852 to €28,604
- Financial income +€7,276
up €7,276 (+11,247%), from €65 to €7,340
- Taxes +€2,319
up €2,319 (+25.4%), from €9,146 to €11,465
- Gross operating margin +€1,906
up €1,906 (+4.1%), from €46,924 to €48,830
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 | €333,521 | €337,347 | +€3,826 | +1.1% |
| Fixed assets | 21/28 | €304,540 | €302,374 | -€2,166 | -0.7% |
| Tangible fixed assets | 22/27 | €4,540 | €2,374 | -€2,166 | -47.7% |
| Plant, machinery and equipment | 23 | €2,068 | €1,815 | -€253 | -12.2% |
| Furniture and vehicles | 24 | €2,473 | €559 | -€1,914 | -77.4% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €28,980 | €34,973 | +€5,993 | +20.7% |
| Amounts receivable within one year | 40/41 | €25,017 | €13,752 | -€11,265 | -45.0% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €15,337 | €4,072 | -€11,265 | -73.4% |
| Cash at bank and in hand | 54/58 | €3,531 | €20,777 | +€17,246 | +488% |
| Deferred charges and accrued income | 490/1 | €433 | €444 | +€11 | +2.5% |
| Total equity and liabilities | 10/49 | €333,521 | €337,347 | +€3,826 | +1.1% |
| Equity | 10/15 | €197,296 | €230,576 | +€33,279 | +16.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €194,296 | €227,576 | +€33,279 | +17.1% |
| Distributable reserves | 133 | €194,296 | €227,576 | +€33,279 | +17.1% |
| Amounts payable | 17/49 | €136,225 | €106,771 | -€29,453 | -21.6% |
| Amounts payable after more than one year | 17 | €28,604 | €0 | -€28,604 | -100% |
| Financial debts | 170/4 | €28,604 | €0 | -€28,604 | -100% |
| Amounts payable within one year | 42/48 | €107,621 | €105,133 | -€2,488 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €42,852 | €28,604 | -€14,248 | -33.2% |
| Financial debts | 43 | €6,756 | €0 | -€6,756 | -100% |
| Credit institutions | 430/8 | €6,756 | €0 | -€6,756 | -100% |
| Trade debts | 44 | €1,996 | €904 | -€1,092 | -54.7% |
| Suppliers | 440/4 | €1,996 | €904 | -€1,092 | -54.7% |
| Taxes, remuneration and social security | 45 | €40,612 | €4,455 | -€36,157 | -89.0% |
| Taxes | 450/3 | €7,877 | €4,455 | -€3,423 | -43.5% |
| Remuneration and social security | 454/9 | €32,734 | €0 | -€32,734 | -100% |
| Other amounts payable | 47/48 | €15,405 | €71,170 | +€55,766 | +362% |
| Accrued charges and deferred income | 492/3 | - | €1,639 | +€1,639 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,355 | €2,166 | -€189 | -8.0% |
| Other operating charges | 640/8 | €1,012 | €894 | -€118 | -11.7% |
| Gross operating margin | 9900 | €46,924 | €48,830 | +€1,906 | +4.1% |
| Operating profit (loss) | 9901 | €43,557 | €45,770 | +€2,213 | +5.1% |
| Financial income | 75/76B | €65 | €7,340 | +€7,276 | +11,247% |
| Recurring financial income | 75 | €65 | €7,340 | +€7,276 | +11,247% |
| Financial charges | 65/66B | €8,022 | €8,366 | +€344 | +4.3% |
| Recurring financial charges | 65 | €8,022 | €8,366 | +€344 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €35,599 | €44,744 | +€9,145 | +25.7% |
| Income taxes | 67/77 | €9,146 | €11,465 | +€2,319 | +25.4% |
| Profit (loss) for the period | 9904 | €26,454 | €33,279 | +€6,826 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,454 | €33,279 | +€6,826 | +25.8% |
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 14 October 2026 via checked.be.