LENRO: what changed
Two fiscal 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.
LENRO
Largest movements
- Cash -€113,062
down €113,062 (-53.1%), from €213,018 to €99,955
mainly Debts after one year (-€74,462) and Net result for the year (-€41,660)
- Tangible fixed assets -€40,111
down €40,111 (-5.4%), from €747,535 to €707,425
- Current investments +€21,000
up €21,000 (+70.0%), from €30,000 to €51,000
- Debts after one year -€74,462
down €74,462 (-74.8%), from €99,603 to €25,140
- Profit (loss) carried forward -€41,660
down €41,660 (-9.4%), from €442,919 to €401,259
- Other debts -€23,141
down €23,141 (-7.0%), from €331,909 to €308,769
- Current portion of long-term debt +€17,456
up €17,456 (+22.4%), from €78,050 to €95,506
- Gross operating margin -€248,082
down €248,082 (-91.4%), from €271,471 to €23,389
- Taxes -€42,711
down €42,711, from €36,351 to -€6,360
- Financial charges -€3,774
down €3,774 (-39.7%), from €9,506 to €5,733
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 | €1,057,340 | €926,886 | -€130,454 | -12.3% |
| Fixed assets | 21/28 | €747,659 | €707,549 | -€40,111 | -5.4% |
| Tangible fixed assets | 22/27 | €747,535 | €707,425 | -€40,111 | -5.4% |
| Land and buildings | 22 | €747,535 | €707,425 | -€40,111 | -5.4% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €309,681 | €219,337 | -€90,344 | -29.2% |
| Amounts receivable within one year | 40/41 | €60,959 | €62,103 | +€1,144 | +1.9% |
| Trade receivables | 40 | €7,559 | €6,903 | -€656 | -8.7% |
| Other amounts receivable | 41 | €53,400 | €55,200 | +€1,800 | +3.4% |
| Current investments | 50/53 | €30,000 | €51,000 | +€21,000 | +70.0% |
| Cash at bank and in hand | 54/58 | €213,018 | €99,955 | -€113,062 | -53.1% |
| Deferred charges and accrued income | 490/1 | €5,704 | €6,279 | +€575 | +10.1% |
| Total equity and liabilities | 10/49 | €1,057,340 | €926,886 | -€130,454 | -12.3% |
| Equity | 10/15 | €510,569 | €468,909 | -€41,660 | -8.2% |
| 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 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €442,919 | €401,259 | -€41,660 | -9.4% |
| Amounts payable | 17/49 | €546,772 | €457,977 | -€88,795 | -16.2% |
| Amounts payable after more than one year | 17 | €99,603 | €25,140 | -€74,462 | -74.8% |
| Financial debts | 170/4 | €99,603 | €25,140 | -€74,462 | -74.8% |
| Amounts payable within one year | 42/48 | €447,169 | €431,952 | -€15,217 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €78,050 | €95,506 | +€17,456 | +22.4% |
| Trade debts | 44 | €5,801 | €4,827 | -€973 | -16.8% |
| Suppliers | 440/4 | €5,801 | €4,827 | -€973 | -16.8% |
| Taxes, remuneration and social security | 45 | €31,409 | €22,849 | -€8,560 | -27.3% |
| Taxes | 450/3 | €31,409 | €22,849 | -€8,560 | -27.3% |
| Other amounts payable | 47/48 | €331,909 | €308,769 | -€23,141 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €885 | +€885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,501 | €55,594 | +€2,092 | +3.9% |
| Other operating charges | 640/8 | €10,055 | €10,110 | +€55 | +0.6% |
| Gross operating margin | 9900 | €271,471 | €23,389 | -€248,082 | -91.4% |
| Operating profit (loss) | 9901 | €207,915 | -€42,315 | -€250,230 | |
| Financial income | 75/76B | €1,436 | €28 | -€1,409 | -98.1% |
| Recurring financial income | 75 | €1,436 | €28 | -€1,409 | -98.1% |
| Financial charges | 65/66B | €9,506 | €5,733 | -€3,774 | -39.7% |
| Recurring financial charges | 65 | €9,506 | €5,733 | -€3,774 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €199,845 | -€48,020 | -€247,865 | |
| Income taxes | 67/77 | €36,351 | -€6,360 | -€42,711 | |
| Profit (loss) for the period | 9904 | €163,495 | -€41,660 | -€205,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €163,495 | -€41,660 | -€205,155 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.