LENOLA: 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.
LENOLA
Largest movements
- Current investments -€9,000
down €9,000 (-9.6%), from €94,000 to €85,000
- Tangible fixed assets +€7,357
up €7,357 (+740%), from €994 to €8,351
of which Furniture and vehicles: +€7,562
- Cash -€1,895
down €1,895 (-68.2%), from €2,779 to €884
mainly Investment in fixed assets (net) (-€10,000) and Other debts (-€9,960)
- Reserves +€11,547
up €11,547 (+18.7%), from €61,670 to €73,217
- Other debts -€9,960
down €9,960 (-26.1%), from €38,225 to €28,265
- Tax, wage and social debts -€4,504
down €4,504 (-72.3%), from €6,231 to €1,727
- Gross operating margin -€41,716
down €41,716 (-66.4%), from €62,802 to €21,086
- Taxes -€8,876
down €8,876 (-65.5%), from €13,550 to €4,674
- Depreciation +€781
up €781 (+41.9%), from €1,862 to €2,643
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 | €125,887 | €122,358 | -€3,529 | -2.8% |
| Fixed assets | 21/28 | €994 | €8,351 | +€7,357 | +740% |
| Tangible fixed assets | 22/27 | €994 | €8,351 | +€7,357 | +740% |
| Plant, machinery and equipment | 23 | €994 | €789 | -€205 | -20.6% |
| Furniture and vehicles | 24 | - | €7,562 | +€7,562 | |
| Current assets | 29/58 | €124,893 | €114,007 | -€10,886 | -8.7% |
| Stocks and contracts in progress | 3 | €426 | €427 | +€1 | +0.2% |
| Stocks | 30/36 | €426 | €427 | +€1 | +0.2% |
| Amounts receivable within one year | 40/41 | €27,688 | €27,619 | -€69 | -0.2% |
| Trade receivables | 40 | €2,000 | €9,259 | +€7,259 | +363% |
| Other amounts receivable | 41 | €25,688 | €18,360 | -€7,328 | -28.5% |
| Current investments | 50/53 | €94,000 | €85,000 | -€9,000 | -9.6% |
| Cash at bank and in hand | 54/58 | €2,779 | €884 | -€1,895 | -68.2% |
| Deferred charges and accrued income | 490/1 | - | €77 | +€77 | |
| Total equity and liabilities | 10/49 | €125,887 | €122,358 | -€3,529 | -2.8% |
| Equity | 10/15 | €80,508 | €92,055 | +€11,547 | +14.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €61,670 | €73,217 | +€11,547 | +18.7% |
| Distributable reserves | 133 | €61,670 | €73,217 | +€11,547 | +18.7% |
| Profit (loss) carried forward | 14 | €16,338 | €16,338 | = | 0.0% |
| Amounts payable | 17/49 | €45,379 | €30,303 | -€15,076 | -33.2% |
| Amounts payable within one year | 42/48 | €45,379 | €30,303 | -€15,076 | -33.2% |
| Trade debts | 44 | €923 | €311 | -€612 | -66.3% |
| Suppliers | 440/4 | €923 | €311 | -€612 | -66.3% |
| Taxes, remuneration and social security | 45 | €6,231 | €1,727 | -€4,504 | -72.3% |
| Taxes | 450/3 | €6,231 | €1,727 | -€4,504 | -72.3% |
| Other amounts payable | 47/48 | €38,225 | €28,265 | -€9,960 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €2,643 | +€781 | +41.9% |
| Other operating charges | 640/8 | €505 | €631 | +€126 | +25.0% |
| Gross operating margin | 9900 | €62,802 | €21,086 | -€41,716 | -66.4% |
| Operating profit (loss) | 9901 | €60,435 | €17,812 | -€42,623 | -70.5% |
| Financial income | 75/76B | €199 | €459 | +€260 | +131% |
| Recurring financial income | 75 | €199 | €459 | +€260 | +131% |
| Financial charges | 65/66B | €2,412 | €2,050 | -€362 | -15.0% |
| Recurring financial charges | 65 | €2,412 | €2,050 | -€362 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €58,222 | €16,221 | -€42,001 | -72.1% |
| Income taxes | 67/77 | €13,550 | €4,674 | -€8,876 | -65.5% |
| Profit (loss) for the period | 9904 | €44,672 | €11,547 | -€33,125 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,672 | €11,547 | -€33,125 | -74.2% |
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 13 October 2026 via checked.be.