Lenoth: 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.
Lenoth
Largest movements
- Current investments +€28,504
up €28,504 (+87.5%), from €32,589 to €61,093
- Cash +€16,791
up €16,791 (+101%), from €16,557 to €33,348
mainly Net result for the year (+€47,197) and Depreciation (+€14,761)
- Receivables within one year +€16,281
up €16,281 (+159%), from €10,258 to €26,539
of which Trade receivables: +€16,162
- Tangible fixed assets -€13,581
down €13,581 (-27.6%), from €49,165 to €35,584
of which Furniture and vehicles: -€13,158
- Reserves +€46,364
up €46,364 (+45.8%), from €101,130 to €147,494
- Tax, wage and social debts +€2,311
up €2,311 (+72.3%), from €3,198 to €5,508
of which Taxes: +€2,311
- Gross operating margin +€4,812
up €4,812 (+6.9%), from €69,276 to €74,089
- Taxes +€806
up €806 (+7.0%), from €11,460 to €12,266
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 | €109,345 | €157,375 | +€48,030 | +43.9% |
| Fixed assets | 21/28 | €49,165 | €35,584 | -€13,581 | -27.6% |
| Tangible fixed assets | 22/27 | €49,165 | €35,584 | -€13,581 | -27.6% |
| Furniture and vehicles | 24 | €47,187 | €34,028 | -€13,158 | -27.9% |
| Other tangible fixed assets | 26 | €1,979 | €1,556 | -€423 | -21.4% |
| Current assets | 29/58 | €60,180 | €121,791 | +€61,611 | +102% |
| Amounts receivable within one year | 40/41 | €10,258 | €26,539 | +€16,281 | +159% |
| Trade receivables | 40 | €9,680 | €25,842 | +€16,162 | +167% |
| Other amounts receivable | 41 | €578 | €697 | +€119 | +20.6% |
| Current investments | 50/53 | €32,589 | €61,093 | +€28,504 | +87.5% |
| Cash at bank and in hand | 54/58 | €16,557 | €33,348 | +€16,791 | +101% |
| Deferred charges and accrued income | 490/1 | €777 | €811 | +€35 | +4.4% |
| Total equity and liabilities | 10/49 | €109,345 | €157,375 | +€48,030 | +43.9% |
| Equity | 10/15 | €104,130 | €150,494 | +€46,364 | +44.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €101,130 | €147,494 | +€46,364 | +45.8% |
| Distributable reserves | 133 | €101,130 | €147,494 | +€46,364 | +45.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,216 | €6,881 | +€1,666 | +31.9% |
| Amounts payable within one year | 42/48 | €5,216 | €6,881 | +€1,666 | +31.9% |
| Taxes, remuneration and social security | 45 | €3,198 | €5,508 | +€2,311 | +72.3% |
| Taxes | 450/3 | €2,198 | €4,508 | +€2,311 | +105% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,018 | €1,373 | -€645 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,211 | €14,761 | +€550 | +3.9% |
| Other operating charges | 640/8 | €384 | €528 | +€143 | +37.3% |
| Gross operating margin | 9900 | €69,276 | €74,089 | +€4,812 | +6.9% |
| Operating profit (loss) | 9901 | €54,681 | €58,800 | +€4,119 | +7.5% |
| Financial income | 75/76B | €127 | €717 | +€590 | +466% |
| Recurring financial income | 75 | €127 | €717 | +€590 | +466% |
| Financial charges | 65/66B | €40 | €53 | +€13 | +32.9% |
| Recurring financial charges | 65 | €40 | €53 | +€13 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €54,768 | €59,463 | +€4,696 | +8.6% |
| Income taxes | 67/77 | €11,460 | €12,266 | +€806 | +7.0% |
| Profit (loss) for the period | 9904 | €43,307 | €47,197 | +€3,890 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,307 | €47,197 | +€3,890 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.