LENOIR C.: 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.
LENOIR C.
Largest movements
- Cash -€2,815
down €2,815 (-10.7%), from €26,303 to €23,487
mainly Contributions, distributions and other (-€10,439) and Tax, wage and social debts (-€2,494)
- Current investments +€696
up €696 (+1,509%), from €46 to €742
- Tangible fixed assets -€417
down €417 (-24.0%), from €1,737 to €1,320
of which Furniture and vehicles: -€417
- Tax, wage and social debts -€2,494
down €2,494 (-13.1%), from €18,970 to €16,476
- Gross operating margin -€6,348
down €6,348 (-26.8%), from €23,674 to €17,326
- Financial charges -€774
down €774 (-88.9%), from €870 to €96
- Depreciation -€410
down €410 (-49.5%), from €827 to €417
- Other operating charges -€238
down €238 (-16.6%), from €1,435 to €1,196
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 | €37,570 | €35,109 | -€2,461 | -6.6% |
| Fixed assets | 21/28 | €1,737 | €1,320 | -€417 | -24.0% |
| Tangible fixed assets | 22/27 | €1,737 | €1,320 | -€417 | -24.0% |
| Furniture and vehicles | 24 | €630 | €213 | -€417 | -66.2% |
| Other tangible fixed assets | 26 | €1,107 | €1,107 | = | 0.0% |
| Current assets | 29/58 | €35,833 | €33,789 | -€2,044 | -5.7% |
| Amounts receivable within one year | 40/41 | €9,484 | €9,559 | +€75 | +0.8% |
| Trade receivables | 40 | €9,484 | €9,559 | +€75 | +0.8% |
| Current investments | 50/53 | €46 | €742 | +€696 | +1,509% |
| Cash at bank and in hand | 54/58 | €26,303 | €23,487 | -€2,815 | -10.7% |
| Total equity and liabilities | 10/49 | €37,570 | €35,109 | -€2,461 | -6.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €18,970 | €16,509 | -€2,461 | -13.0% |
| Amounts payable within one year | 42/48 | €18,970 | €16,509 | -€2,461 | -13.0% |
| Trade debts | 44 | - | €33 | +€33 | |
| Suppliers | 440/4 | - | €33 | +€33 | |
| Taxes, remuneration and social security | 45 | €18,970 | €16,476 | -€2,494 | -13.1% |
| Taxes | 450/3 | €18,970 | €16,476 | -€2,494 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €827 | €417 | -€410 | -49.5% |
| Other operating charges | 640/8 | €1,435 | €1,196 | -€238 | -16.6% |
| Gross operating margin | 9900 | €23,674 | €17,326 | -€6,348 | -26.8% |
| Operating profit (loss) | 9901 | €21,412 | €15,712 | -€5,700 | -26.6% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €870 | €96 | -€774 | -88.9% |
| Recurring financial charges | 65 | €870 | €96 | -€774 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €20,542 | €15,627 | -€4,914 | -23.9% |
| Income taxes | 67/77 | €4,984 | €5,188 | +€204 | +4.1% |
| Profit (loss) for the period | 9904 | €15,557 | €10,439 | -€5,118 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,557 | €10,439 | -€5,118 | -32.9% |
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 22 October 2026 via checked.be.