LENOIR FRERES CONSTRUCT: 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 FRERES CONSTRUCT
Largest movements
- Cash +€64,555
up €64,555 (+70.5%), from €91,553 to €156,108
mainly Other debts (+€49,059) and Net result for the year (+€38,281)
- Tangible fixed assets -€49,304
down €49,304 (-66.7%), from €73,903 to €24,599
- Deferred charges and accrued income -€6,094
down €6,094 (-92.6%), from €6,581 to €487
- Other debts +€49,059
up €49,059 (+65.4%), from €74,968 to €124,027
- Reserves -€38,077
down €38,077 (-55.0%), from €69,192 to €31,115
- Debts after one year -€10,495
down €10,495 (-64.3%), from €16,329 to €5,834
- Tax, wage and social debts +€8,391
up €8,391 (+422.3%), from €1,987 to €10,378
- Gross operating margin +€16,894
up €16,894 (+34.6%), from €48,842 to €65,736
- Depreciation -€9,768
down €9,768 (-41.0%), from €23,809 to €14,041
- Taxes +€5,362
up €5,362 (+186.4%), from €2,877 to €8,239
- Other operating charges +€4,355
up €4,355 (+837.5%), from €520 to €4,875
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 | €191,915 | €199,558 | +€7,643 | +4.0% |
| Fixed assets | 21/28 | €73,903 | €24,599 | -€49,304 | -66.7% |
| Tangible fixed assets | 22/27 | €73,903 | €24,599 | -€49,304 | -66.7% |
| Furniture and vehicles | 24 | €73,903 | €24,599 | -€49,304 | -66.7% |
| Current assets | 29/58 | €118,012 | €174,959 | +€56,947 | +48.3% |
| Amounts receivable within one year | 40/41 | €19,878 | €18,364 | -€1,514 | -7.6% |
| Trade receivables | 40 | €18,630 | €14,437 | -€4,193 | -22.5% |
| Other amounts receivable | 41 | €1,248 | €3,927 | +€2,679 | +214.7% |
| Cash at bank and in hand | 54/58 | €91,553 | €156,108 | +€64,555 | +70.5% |
| Deferred charges and accrued income | 490/1 | €6,581 | €487 | -€6,094 | -92.6% |
| Total equity and liabilities | 10/49 | €191,915 | €199,558 | +€7,643 | +4.0% |
| Equity | 10/15 | €84,192 | €46,115 | -€38,077 | -45.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €69,192 | €31,115 | -€38,077 | -55.0% |
| Distributable reserves | 133 | €69,192 | €31,115 | -€38,077 | -55.0% |
| Amounts payable | 17/49 | €107,723 | €153,443 | +€45,720 | +42.4% |
| Amounts payable after more than one year | 17 | €16,329 | €5,834 | -€10,495 | -64.3% |
| Financial debts | 170/4 | €16,329 | €5,834 | -€10,495 | -64.3% |
| Amounts payable within one year | 42/48 | €91,394 | €147,609 | +€56,215 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €10,388 | €10,496 | +€108 | +1.0% |
| Trade debts | 44 | €4,051 | €2,708 | -€1,343 | -33.2% |
| Suppliers | 440/4 | €4,051 | €2,708 | -€1,343 | -33.2% |
| Taxes, remuneration and social security | 45 | €1,987 | €10,378 | +€8,391 | +422.3% |
| Taxes | 450/3 | €1,987 | €10,378 | +€8,391 | +422.3% |
| Other amounts payable | 47/48 | €74,968 | €124,027 | +€49,059 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,809 | €14,041 | -€9,768 | -41.0% |
| Other operating charges | 640/8 | €520 | €4,875 | +€4,355 | +837.5% |
| Gross operating margin | 9900 | €48,842 | €65,736 | +€16,894 | +34.6% |
| Operating profit (loss) | 9901 | €24,513 | €46,820 | +€22,307 | +91.0% |
| Financial income | 75/76B | €9 | €13 | +€4 | +44.4% |
| Recurring financial income | 75 | €9 | €13 | +€4 | +44.4% |
| Financial charges | 65/66B | €431 | €313 | -€118 | -27.4% |
| Recurring financial charges | 65 | €431 | €313 | -€118 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €24,091 | €46,520 | +€22,429 | +93.1% |
| Income taxes | 67/77 | €2,877 | €8,239 | +€5,362 | +186.4% |
| Profit (loss) for the period | 9904 | €21,214 | €38,281 | +€17,067 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,214 | €38,281 | +€17,067 | +80.5% |
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 9 October 2026 via checked.be.