LENO CONSTRUCT: what changed
What changed
LENO CONSTRUCT
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€7,188
2024 · -€8,169+€981
Equity
€43,361
2024 · €50,549-€7,188
Cash
€940
2024 · €38,553-€37,613
Balance sheet total
€118,415
2024 · €106,520+€11,895
Largest movements
Assets
- Receivables within one year +€54,464
up €54,464 (+96.3%), from €56,586 to €111,051
of which Trade receivables: +€44,034
- Cash -€37,613
down €37,613 (-97.6%), from €38,553 to €940
mainly Receivables within one year (-€54,464) and Trade debts (-€9,306)
- Deferred charges and accrued income -€4,182
down €4,182 (-71.2%), from €5,873 to €1,691
Equity and liabilities
- Short-term financial debts +€27,113
up €27,113 (+368%), from €7,375 to €34,488
- Trade debts -€9,306
down €9,306 (-23.6%), from €39,375 to €30,069
- Profit (loss) carried forward -€7,188
down €7,188 (-88.0%), from -€8,169 to -€15,356
- Tax, wage and social debts +€6,643
up €6,643 (+323%), from €2,059 to €8,702
of which Remuneration and social security: +€4,972
- Current portion of long-term debt -€3,054
down €3,054 (-63.0%), from €4,849 to €1,795
Income statement
- Staff costs -€35,541
down €35,541 (-37.0%), from €96,155 to €60,614
- Gross operating margin -€34,382
down €34,382 (-37.8%), from €90,933 to €56,551
- Financial charges +€957
up €957 (+34.7%), from €2,755 to €3,712
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,169
Gross operating margin
-€34,382
Staff costs
+€35,541
Depreciation
+€778
Other operating charges
+€81
Financial income
-€80
Financial charges
-€957
Result 2025
-€7,188
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€59,431
Investment
€0
Financing
+€21,818
Cash 2024
€38,553
From operations (derived)
-€59,431
Net result for the year
-€7,188
Depreciation
+€775
Receivables within one year
-€54,464
Deferred charges and accrued income
+€4,182
Trade debts
-€9,306
Tax, wage and social debts
+€6,643
Accrued charges and deferred income
-€72
Financing
+€21,818
Debts after one year
-€2,241
Current portion of long-term debt
-€3,054
Short-term financial debts
+€27,113
Cash 2025
€940
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,520 | €118,415 | +€11,895 | +11.2% |
| Fixed assets | 21/28 | €5,507 | €4,733 | -€775 | -14.1% |
| Tangible fixed assets | 22/27 | €1,191 | €416 | -€775 | -65.1% |
| Plant, machinery and equipment | 23 | €483 | €253 | -€230 | -47.7% |
| Furniture and vehicles | 24 | €708 | €163 | -€545 | -77.0% |
| Financial fixed assets | 28 | €4,317 | €4,317 | = | 0.0% |
| Current assets | 29/58 | €101,013 | €113,682 | +€12,669 | +12.5% |
| Amounts receivable within one year | 40/41 | €56,586 | €111,051 | +€54,464 | +96.3% |
| Trade receivables | 40 | €17,662 | €61,696 | +€44,034 | +249% |
| Other amounts receivable | 41 | €38,924 | €49,355 | +€10,431 | +26.8% |
| Cash at bank and in hand | 54/58 | €38,553 | €940 | -€37,613 | -97.6% |
| Deferred charges and accrued income | 490/1 | €5,873 | €1,691 | -€4,182 | -71.2% |
| Total equity and liabilities | 10/49 | €106,520 | €118,415 | +€11,895 | +11.2% |
| Equity | 10/15 | €50,549 | €43,361 | -€7,188 | -14.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €52,467 | €52,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,607 | €50,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,169 | -€15,356 | -€7,188 | -88.0% |
| Amounts payable | 17/49 | €55,972 | €75,054 | +€19,082 | +34.1% |
| Amounts payable after more than one year | 17 | €2,241 | €0 | -€2,241 | -100% |
| Financial debts | 170/4 | €2,241 | €0 | -€2,241 | -100% |
| Amounts payable within one year | 42/48 | €53,658 | €75,054 | +€21,396 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €4,849 | €1,795 | -€3,054 | -63.0% |
| Financial debts | 43 | €7,375 | €34,488 | +€27,113 | +368% |
| Credit institutions | 430/8 | €7,375 | €34,488 | +€27,113 | +368% |
| Trade debts | 44 | €39,375 | €30,069 | -€9,306 | -23.6% |
| Suppliers | 440/4 | €39,375 | €30,069 | -€9,306 | -23.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,059 | €8,702 | +€6,643 | +323% |
| Taxes | 450/3 | €0 | €1,671 | +€1,671 | |
| Remuneration and social security | 454/9 | €2,059 | €7,031 | +€4,972 | +241% |
| Accrued charges and deferred income | 492/3 | €72 | €0 | -€72 | -100% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €96,155 | €60,614 | -€35,541 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,553 | €775 | -€778 | -50.1% |
| Other operating charges | 640/8 | €480 | €400 | -€81 | -16.8% |
| Gross operating margin | 9900 | €90,933 | €56,551 | -€34,382 | -37.8% |
| Operating profit (loss) | 9901 | -€7,255 | -€5,238 | +€2,017 | +27.8% |
| Financial income | 75/76B | €1,842 | €1,762 | -€80 | -4.3% |
| Recurring financial income | 75 | €1,842 | €1,762 | -€80 | -4.3% |
| Financial charges | 65/66B | €2,755 | €3,712 | +€957 | +34.7% |
| Recurring financial charges | 65 | €2,755 | €3,712 | +€957 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,169 | -€7,188 | +€981 | +12.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,169 | -€7,188 | +€981 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,169 | -€7,188 | +€981 | +12.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.