Lenroc Management: 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.
Lenroc Management
Largest movements
- Cash -€169,067
down €169,067 (-97.7%), from €173,044 to €3,978
mainly Accrued charges and deferred income (-€226,094) and Net result for the year (-€58,487)
- Receivables within one year -€75,798
down €75,798 (-46.3%), from €163,875 to €88,077
- Tangible fixed assets -€47,206
down €47,206 (-14.4%), from €327,351 to €280,145
of which Other tangible fixed assets: -€23,632
- Current investments +€20,124
new in 2025: €20,124
- Accrued charges and deferred income -€226,094
down €226,094 (-100.0%), from €226,094 to €0
- Reserves -€58,487
down €58,487 (-18.3%), from €319,926 to €261,438
- Trade debts +€17,848
new in 2025: €17,848
- Gross operating margin -€473,551
down €473,551, from €461,053 to -€12,498
- Taxes -€102,036
down €102,036 (-99.6%), from €102,430 to €394
- Depreciation +€9,691
up €9,691 (+22.8%), from €42,433 to €52,124
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 | €668,499 | €395,542 | -€272,957 | -40.8% |
| Fixed assets | 21/28 | €327,351 | €280,145 | -€47,206 | -14.4% |
| Tangible fixed assets | 22/27 | €327,351 | €280,145 | -€47,206 | -14.4% |
| Furniture and vehicles | 24 | €101,794 | €78,219 | -€23,574 | -23.2% |
| Other tangible fixed assets | 26 | €225,558 | €201,926 | -€23,632 | -10.5% |
| Current assets | 29/58 | €341,148 | €115,397 | -€225,751 | -66.2% |
| Amounts receivable within one year | 40/41 | €163,875 | €88,077 | -€75,798 | -46.3% |
| Other amounts receivable | 41 | €163,875 | €88,077 | -€75,798 | -46.3% |
| Current investments | 50/53 | - | €20,124 | +€20,124 | |
| Cash at bank and in hand | 54/58 | €173,044 | €3,978 | -€169,067 | -97.7% |
| Deferred charges and accrued income | 490/1 | €4,229 | €3,218 | -€1,010 | -23.9% |
| Total equity and liabilities | 10/49 | €668,499 | €395,542 | -€272,957 | -40.8% |
| Equity | 10/15 | €329,926 | €271,438 | -€58,487 | -17.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €319,926 | €261,438 | -€58,487 | -18.3% |
| Distributable reserves | 133 | €319,926 | €261,438 | -€58,487 | -18.3% |
| Amounts payable | 17/49 | €338,573 | €124,104 | -€214,470 | -63.3% |
| Amounts payable within one year | 42/48 | €112,479 | €124,104 | +€11,624 | +10.3% |
| Financial debts | 43 | €1,265 | €731 | -€534 | -42.2% |
| Credit institutions | 430/8 | €1,265 | €731 | -€534 | -42.2% |
| Trade debts | 44 | - | €17,848 | +€17,848 | |
| Suppliers | 440/4 | - | €17,848 | +€17,848 | |
| Taxes, remuneration and social security | 45 | €111,214 | €105,525 | -€5,690 | -5.1% |
| Taxes | 450/3 | €111,214 | €105,525 | -€5,690 | -5.1% |
| Accrued charges and deferred income | 492/3 | €226,094 | €0 | -€226,094 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,433 | €52,124 | +€9,691 | +22.8% |
| Other operating charges | 640/8 | €1,611 | €1,339 | -€272 | -16.9% |
| Gross operating margin | 9900 | €461,053 | -€12,498 | -€473,551 | |
| Operating profit (loss) | 9901 | €417,009 | -€65,960 | -€482,970 | |
| Financial income | 75/76B | €7,874 | €8,309 | +€435 | +5.5% |
| Recurring financial income | 75 | €7,874 | €8,309 | +€435 | +5.5% |
| Financial charges | 65/66B | €2,527 | €442 | -€2,085 | -82.5% |
| Recurring financial charges | 65 | €2,527 | €442 | -€2,085 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €422,356 | -€58,093 | -€480,449 | |
| Income taxes | 67/77 | €102,430 | €394 | -€102,036 | -99.6% |
| Profit (loss) for the period | 9904 | €319,926 | -€58,487 | -€378,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €319,926 | -€58,487 | -€378,413 |
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 12 October 2026 via checked.be.