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
- Receivables within one year +€24,242
up €24,242 (+140.6%), from €17,243 to €41,485
of which Trade receivables: +€24,242
- Tangible fixed assets -€20,701
down €20,701 (-26.8%), from €77,295 to €56,594
of which Furniture and vehicles: -€20,036
- Cash +€7,582
up €7,582 (+20.8%), from €36,441 to €44,023
mainly Net result for the year (+€189,412) and Other debts (+€70,763)
- Reserves -€79,324
down €79,324 (-100.0%), from €79,324 to €0
- Other debts +€70,763
up €70,763 (+4655.3%), from €1,520 to €72,284
- Tax, wage and social debts +€21,048
up €21,048 (+70.8%), from €29,741 to €50,788
- Gross operating margin +€142,347
up €142,347 (+112.0%), from €127,042 to €269,388
- Taxes +€34,922
up €34,922 (+149.1%), from €23,414 to €58,336
- Depreciation +€6,127
up €6,127 (+42.0%), from €14,573 to €20,701
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 | €130,978 | €142,102 | +€11,123 | +8.5% |
| Fixed assets | 21/28 | €77,295 | €56,594 | -€20,701 | -26.8% |
| Tangible fixed assets | 22/27 | €77,295 | €56,594 | -€20,701 | -26.8% |
| Plant, machinery and equipment | 23 | €2,791 | €2,126 | -€665 | -23.8% |
| Furniture and vehicles | 24 | €74,504 | €54,468 | -€20,036 | -26.9% |
| Current assets | 29/58 | €53,683 | €85,507 | +€31,824 | +59.3% |
| Amounts receivable within one year | 40/41 | €17,243 | €41,485 | +€24,242 | +140.6% |
| Trade receivables | 40 | €17,243 | €41,485 | +€24,242 | +140.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,441 | €44,023 | +€7,582 | +20.8% |
| Total equity and liabilities | 10/49 | €130,978 | €142,102 | +€11,123 | +8.5% |
| Equity | 10/15 | €97,924 | €18,600 | -€79,324 | -81.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,324 | €0 | -€79,324 | -100.0% |
| Distributable reserves | 133 | €79,324 | €0 | -€79,324 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,055 | €123,502 | +€90,447 | +273.6% |
| Amounts payable within one year | 42/48 | €33,055 | €123,502 | +€90,447 | +273.6% |
| Trade debts | 44 | €1,794 | €430 | -€1,364 | -76.0% |
| Suppliers | 440/4 | €1,794 | €430 | -€1,364 | -76.0% |
| Taxes, remuneration and social security | 45 | €29,741 | €50,788 | +€21,048 | +70.8% |
| Taxes | 450/3 | €29,741 | €50,788 | +€21,048 | +70.8% |
| Other amounts payable | 47/48 | €1,520 | €72,284 | +€70,763 | +4655.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,573 | €20,701 | +€6,127 | +42.0% |
| Other operating charges | 640/8 | €1,008 | €862 | -€146 | -14.5% |
| Gross operating margin | 9900 | €127,042 | €269,388 | +€142,347 | +112.0% |
| Operating profit (loss) | 9901 | €111,460 | €247,826 | +€136,366 | +122.3% |
| Financial charges | 65/66B | €118 | €78 | -€40 | -34.0% |
| Recurring financial charges | 65 | €118 | €78 | -€40 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €111,342 | €247,748 | +€136,406 | +122.5% |
| Income taxes | 67/77 | €23,414 | €58,336 | +€34,922 | +149.1% |
| Profit (loss) for the period | 9904 | €87,928 | €189,412 | +€101,484 | +115.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,928 | €189,412 | +€101,484 | +115.4% |
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 28 September 2026 via checked.be.