LENOIR JULES: 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 JULES
Largest movements
- Cash -€199,812
down €199,812 (-62.4%), from €320,139 to €120,326
mainly Other debts (-€212,397) and Investment in fixed assets (net) (-€11,114)
- Tangible fixed assets -€7,424
down €7,424 (-2.2%), from €331,150 to €323,726
of which Land and buildings: -€9,171
- Other debts -€212,397
down €212,397 (-62.7%), from €338,871 to €126,474
- Gross operating margin -€498,023
down €498,023 (-91.6%), from €543,473 to €45,449
- Taxes -€149,053
down €149,053 (-98.6%), from €151,105 to €2,052
- Financial charges +€11,423
up €11,423 (+24,832%), from €46 to €11,469
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 | €731,872 | €522,188 | -€209,684 | -28.7% |
| Fixed assets | 21/28 | €331,150 | €323,726 | -€7,424 | -2.2% |
| Tangible fixed assets | 22/27 | €331,150 | €323,726 | -€7,424 | -2.2% |
| Land and buildings | 22 | €331,150 | €321,979 | -€9,171 | -2.8% |
| Plant, machinery and equipment | 23 | - | €1,747 | +€1,747 | |
| Current assets | 29/58 | €400,722 | €198,462 | -€202,260 | -50.5% |
| Amounts receivable within one year | 40/41 | €80,584 | €78,136 | -€2,448 | -3.0% |
| Trade receivables | 40 | €4,396 | €0 | -€4,396 | -100% |
| Other amounts receivable | 41 | €76,188 | €78,136 | +€1,948 | +2.6% |
| Cash at bank and in hand | 54/58 | €320,139 | €120,326 | -€199,812 | -62.4% |
| Total equity and liabilities | 10/49 | €731,872 | €522,188 | -€209,684 | -28.7% |
| Equity | 10/15 | €337,928 | €340,903 | +€2,975 | +0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €276,428 | €279,403 | +€2,975 | +1.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €270,278 | €273,253 | +€2,975 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €393,944 | €181,285 | -€212,659 | -54.0% |
| Amounts payable within one year | 42/48 | €390,975 | €181,285 | -€209,690 | -53.6% |
| Trade debts | 44 | €999 | €272 | -€727 | -72.8% |
| Suppliers | 440/4 | €999 | €272 | -€727 | -72.8% |
| Taxes, remuneration and social security | 45 | €51,105 | €54,539 | +€3,434 | +6.7% |
| Taxes | 450/3 | €51,105 | €54,539 | +€3,434 | +6.7% |
| Other amounts payable | 47/48 | €338,871 | €126,474 | -€212,397 | -62.7% |
| Accrued charges and deferred income | 492/3 | €2,969 | €0 | -€2,969 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,106 | €18,539 | +€1,433 | +8.4% |
| Other operating charges | 640/8 | €8,123 | €11,916 | +€3,792 | +46.7% |
| Gross operating margin | 9900 | €543,473 | €45,449 | -€498,023 | -91.6% |
| Operating profit (loss) | 9901 | €518,244 | €14,995 | -€503,248 | -97.1% |
| Financial income | 75/76B | €1,188 | €1,500 | +€312 | +26.3% |
| Recurring financial income | 75 | €1,188 | €1,500 | +€312 | +26.3% |
| Financial charges | 65/66B | €46 | €11,469 | +€11,423 | +24,832% |
| Recurring financial charges | 65 | €46 | €11,469 | +€11,423 | +24,832% |
| Profit (loss) for the period before taxes | 9903 | €519,385 | €5,027 | -€514,359 | -99.0% |
| Income taxes | 67/77 | €151,105 | €2,052 | -€149,053 | -98.6% |
| Profit (loss) for the period | 9904 | €368,280 | €2,975 | -€365,305 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €368,280 | €2,975 | -€365,305 | -99.2% |
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 15 October 2026 via checked.be.