LENOIR: 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.
LENOIR
Largest movements
- Receivables within one year +€266
up €266 (+56.0%), from €475 to €741
- Stocks and contracts -€118
down €118 (-1.5%), from €8,118 to €8,000
- Profit (loss) carried forward +€1,476
up €1,476 (+1.5%), from -€100,535 to -€99,059
- Other debts -€822
down €822 (-0.8%), from €107,104 to €106,282
- Trade debts -€380
down €380 (-40.9%), from €930 to €550
- Short-term financial debts -€342
no longer reported in 2025 (was €342)
- Tax, wage and social debts +€296
up €296 (+53.5%), from €553 to €848
- Gross operating margin +€2,641
up €2,641, from -€393 to €2,247
- Financial charges +€109
up €109 (+32.1%), from €341 to €450
- Other operating charges -€63
down €63 (-16.4%), from €384 to €321
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 | €8,593 | €8,821 | +€228 | +2.7% |
| Current assets | 29/58 | €8,593 | €8,821 | +€228 | +2.7% |
| Stocks and contracts in progress | 3 | €8,118 | €8,000 | -€118 | -1.5% |
| Stocks | 30/36 | €8,118 | €8,000 | -€118 | -1.5% |
| Amounts receivable within one year | 40/41 | €475 | €741 | +€266 | +56.0% |
| Trade receivables | 40 | €475 | €741 | +€266 | +56.0% |
| Cash at bank and in hand | 54/58 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €8,593 | €8,821 | +€228 | +2.7% |
| Equity | 10/15 | -€100,335 | -€98,859 | +€1,476 | +1.5% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Capital | 10 | €200 | - | -€200 | |
| Issued capital | 100 | €200 | - | -€200 | |
| Profit (loss) carried forward | 14 | -€100,535 | -€99,059 | +€1,476 | +1.5% |
| Amounts payable | 17/49 | €108,928 | €107,680 | -€1,248 | -1.1% |
| Amounts payable within one year | 42/48 | €108,928 | €107,680 | -€1,248 | -1.1% |
| Financial debts | 43 | €342 | - | -€342 | |
| Other loans | 439 | €342 | - | -€342 | |
| Trade debts | 44 | €930 | €550 | -€380 | -40.9% |
| Suppliers | 440/4 | €930 | €550 | -€380 | -40.9% |
| Taxes, remuneration and social security | 45 | €553 | €848 | +€296 | +53.5% |
| Taxes | 450/3 | €553 | €848 | +€296 | +53.5% |
| Other amounts payable | 47/48 | €107,104 | €106,282 | -€822 | -0.8% |
| Other operating charges | 640/8 | €384 | €321 | -€63 | -16.4% |
| Gross operating margin | 9900 | -€393 | €2,247 | +€2,641 | |
| Operating profit (loss) | 9901 | -€778 | €1,926 | +€2,704 | |
| Financial charges | 65/66B | €341 | €450 | +€109 | +32.1% |
| Recurring financial charges | 65 | €341 | €450 | +€109 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,119 | €1,476 | +€2,595 | |
| Profit (loss) for the period | 9904 | -€1,119 | €1,476 | +€2,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,119 | €1,476 | +€2,595 |
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 30 September 2026 via checked.be.