LENOIR EDDY: 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 EDDY
Largest movements
- Stocks and contracts +€48,575
up €48,575 (+22.3%), from €217,380 to €265,955
- Tangible fixed assets -€15,139
down €15,139 (-31.2%), from €48,569 to €33,431
of which Furniture and vehicles: -€11,922
- Receivables within one year -€5,208
down €5,208 (-31.8%), from €16,401 to €11,193
of which Other amounts receivable: -€3,000
- Other debts +€38,311
up €38,311 (+243%), from €15,762 to €54,074
- Trade debts -€23,521
down €23,521 (-53.3%), from €44,131 to €20,611
- Tax, wage and social debts +€16,794
up €16,794 (+36.1%), from €46,459 to €63,253
of which Remuneration and social security: +€10,603
- Debts after one year -€15,803
down €15,803 (-40.0%), from €39,510 to €23,707
- Current portion of long-term debt +€13,542
up €13,542 (+48.5%), from €27,927 to €41,469
- Gross operating margin +€24,451
up €24,451 (+11.9%), from €204,620 to €229,072
- Staff costs +€15,363
up €15,363 (+8.2%), from €186,863 to €202,225
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 | €287,711 | €316,984 | +€29,273 | +10.2% |
| Fixed assets | 21/28 | €48,569 | €33,431 | -€15,139 | -31.2% |
| Tangible fixed assets | 22/27 | €48,569 | €33,431 | -€15,139 | -31.2% |
| Land and buildings | 22 | €19,206 | €17,491 | -€1,715 | -8.9% |
| Plant, machinery and equipment | 23 | €2,800 | €1,298 | -€1,502 | -53.7% |
| Furniture and vehicles | 24 | €26,564 | €14,642 | -€11,922 | -44.9% |
| Current assets | 29/58 | €239,142 | €283,553 | +€44,411 | +18.6% |
| Stocks and contracts in progress | 3 | €217,380 | €265,955 | +€48,575 | +22.3% |
| Stocks | 30/36 | €217,380 | €265,955 | +€48,575 | +22.3% |
| Amounts receivable within one year | 40/41 | €16,401 | €11,193 | -€5,208 | -31.8% |
| Trade receivables | 40 | €11,401 | €9,193 | -€2,208 | -19.4% |
| Other amounts receivable | 41 | €5,000 | €2,000 | -€3,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €859 | €1,356 | +€497 | +57.8% |
| Deferred charges and accrued income | 490/1 | €4,502 | €5,050 | +€548 | +12.2% |
| Total equity and liabilities | 10/49 | €287,711 | €316,984 | +€29,273 | +10.2% |
| Equity | 10/15 | €93,538 | €91,325 | -€2,213 | -2.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,087 | €70,874 | -€2,213 | -3.0% |
| Amounts payable | 17/49 | €194,173 | €225,659 | +€31,485 | +16.2% |
| Amounts payable after more than one year | 17 | €39,510 | €23,707 | -€15,803 | -40.0% |
| Financial debts | 170/4 | €39,510 | €23,707 | -€15,803 | -40.0% |
| Amounts payable within one year | 42/48 | €154,663 | €201,951 | +€47,288 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €27,927 | €41,469 | +€13,542 | +48.5% |
| Financial debts | 43 | €20,384 | €22,545 | +€2,161 | +10.6% |
| Credit institutions | 430/8 | €20,384 | €22,545 | +€2,161 | +10.6% |
| Trade debts | 44 | €44,131 | €20,611 | -€23,521 | -53.3% |
| Suppliers | 440/4 | €44,131 | €20,611 | -€23,521 | -53.3% |
| Taxes, remuneration and social security | 45 | €46,459 | €63,253 | +€16,794 | +36.1% |
| Taxes | 450/3 | €11,382 | €17,573 | +€6,191 | +54.4% |
| Remuneration and social security | 454/9 | €35,077 | €45,680 | +€10,603 | +30.2% |
| Other amounts payable | 47/48 | €15,762 | €54,074 | +€38,311 | +243% |
| Non-recurring operating income | 76A | €898 | - | -€898 | |
| Remuneration, social security and pensions | 62 | €186,863 | €202,225 | +€15,363 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,725 | €15,981 | -€744 | -4.5% |
| Other operating charges | 640/8 | €1,672 | €1,860 | +€188 | +11.2% |
| Non-recurring operating charges | 66A | - | €898 | +€898 | |
| Gross operating margin | 9900 | €204,620 | €229,072 | +€24,451 | +11.9% |
| Operating profit (loss) | 9901 | -€640 | €8,107 | +€8,748 | |
| Financial income | 75/76B | €2 | €40 | +€38 | +2,062% |
| Recurring financial income | 75 | €2 | €40 | +€38 | +2,062% |
| Financial charges | 65/66B | €9,275 | €10,360 | +€1,085 | +11.7% |
| Recurring financial charges | 65 | €9,275 | €10,360 | +€1,085 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,913 | -€2,213 | +€7,701 | +77.7% |
| Income taxes | 67/77 | -€75 | - | +€75 | |
| Profit (loss) for the period | 9904 | -€9,838 | -€2,213 | +€7,626 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,838 | -€2,213 | +€7,626 | +77.5% |
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 13 October 2026 via checked.be.