LENOBLE WAREHOUSE: 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.
What changed
LENOBLE WAREHOUSE
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€161,985
2024 · €191,104-€29,119
Equity
€701,006
2024 · €545,393+€155,613
Cash
€1,005
2024 · €25,051-€24,046
Balance sheet total
€4.0m
2024 · €4.1m-€143,555
Largest movements
Assets
- Tangible fixed assets -€142,948
down €142,948 (-3.6%), from €4.0m to €3.9m
of which Leasing and similar rights: -€140,396
Equity and liabilities
- Debts after one year -€294,499
down €294,499 (-9.8%), from €3.0m to €2.7m
- Profit (loss) carried forward +€161,985
up €161,985 (+140%), from €115,729 to €277,714
Income statement
- Taxes +€18,862
up €18,862 (+63.6%), from €29,677 to €48,539
- Gross operating margin -€14,901
down €14,901 (-3.2%), from €469,092 to €454,191
- Financial charges -€7,621
down €7,621 (-14.6%), from €52,179 to €44,558
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.
Result 2024
€191,104
Gross operating margin
-€14,901
Other operating charges
-€2,976
Financial income
-€0
Financial charges
+€7,621
Taxes
-€18,862
Result 2025
€161,985
raises the resultlowers the result
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.
From operations
+€278,156
Investment
€0
Financing
-€302,202
Cash 2024
€25,051
From operations (derived)
+€278,156
Net result for the year
+€161,985
Depreciation
+€142,948
Receivables within one year
-€23,429
Deferred charges and accrued income
-€10
Provisions
-€2,124
Trade debts
-€14,072
Tax, wage and social debts
+€7,726
Other debts
+€22,669
Accrued charges and deferred income
-€17,538
Financing
-€302,202
Debts after one year
-€294,499
Current portion of long-term debt
+€4,841
Short-term financial debts
-€6,172
Contributions, distributions and other
-€6,372
Cash 2025
€1,005
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,095,150 | €3,951,595 | -€143,555 | -3.5% |
| Fixed assets | 21/28 | €4,002,612 | €3,859,664 | -€142,948 | -3.6% |
| Tangible fixed assets | 22/27 | €4,002,612 | €3,859,664 | -€142,948 | -3.6% |
| Land and buildings | 22 | €19,203 | €16,651 | -€2,552 | -13.3% |
| Leasing and similar rights | 25 | €3,983,409 | €3,843,013 | -€140,396 | -3.5% |
| Current assets | 29/58 | €92,538 | €91,931 | -€607 | -0.7% |
| Amounts receivable within one year | 40/41 | €66,124 | €89,553 | +€23,429 | +35.4% |
| Trade receivables | 40 | €50,801 | €68,851 | +€18,050 | +35.5% |
| Other amounts receivable | 41 | €15,323 | €20,702 | +€5,379 | +35.1% |
| Cash at bank and in hand | 54/58 | €25,051 | €1,005 | -€24,046 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,363 | €1,373 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €4,095,150 | €3,951,595 | -€143,555 | -3.5% |
| Equity | 10/15 | €545,393 | €701,006 | +€155,613 | +28.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,729 | €277,714 | +€161,985 | +140% |
| Investment grants | 15 | €179,664 | €173,292 | -€6,372 | -3.5% |
| Provisions and deferred taxes | 16 | €59,888 | €57,764 | -€2,124 | -3.5% |
| Deferred taxes | 168 | €59,888 | €57,764 | -€2,124 | -3.5% |
| Amounts payable | 17/49 | €3,489,869 | €3,192,825 | -€297,045 | -8.5% |
| Amounts payable after more than one year | 17 | €2,990,403 | €2,695,904 | -€294,499 | -9.8% |
| Financial debts | 170/4 | €2,990,403 | €2,695,904 | -€294,499 | -9.8% |
| Amounts payable within one year | 42/48 | €481,928 | €496,921 | +€14,992 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €289,658 | €294,499 | +€4,841 | +1.7% |
| Financial debts | 43 | €85,453 | €79,281 | -€6,172 | -7.2% |
| Credit institutions | 430/8 | €85,453 | €79,281 | -€6,172 | -7.2% |
| Trade debts | 44 | €19,210 | €5,138 | -€14,072 | -73.3% |
| Suppliers | 440/4 | €19,210 | €5,138 | -€14,072 | -73.3% |
| Taxes, remuneration and social security | 45 | €17,414 | €25,140 | +€7,726 | +44.4% |
| Taxes | 450/3 | €17,414 | €25,140 | +€7,726 | +44.4% |
| Other amounts payable | 47/48 | €70,193 | €92,862 | +€22,669 | +32.3% |
| Accrued charges and deferred income | 492/3 | €17,538 | - | -€17,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,948 | €142,948 | = | 0.0% |
| Other operating charges | 640/8 | €61,680 | €64,656 | +€2,976 | +4.8% |
| Gross operating margin | 9900 | €469,092 | €454,191 | -€14,901 | -3.2% |
| Operating profit (loss) | 9901 | €264,464 | €246,587 | -€17,877 | -6.8% |
| Financial income | 75/76B | €6,372 | €6,372 | -€0 | 0.0% |
| Recurring financial income | 75 | €6,372 | €6,372 | -€0 | 0.0% |
| Financial charges | 65/66B | €52,179 | €44,558 | -€7,621 | -14.6% |
| Recurring financial charges | 65 | €52,179 | €44,558 | -€7,621 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €218,657 | €208,400 | -€10,257 | -4.7% |
| Transfer from deferred taxes | 780 | €2,124 | €2,124 | = | 0.0% |
| Income taxes | 67/77 | €29,677 | €48,539 | +€18,862 | +63.6% |
| Profit (loss) for the period | 9904 | €191,104 | €161,985 | -€29,119 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,104 | €161,985 | -€29,119 | -15.2% |
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 16 October 2026 via checked.be.