LENS Projects: 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.
LENS Projects
Largest movements
- Tangible fixed assets +€197,304
up €197,304 (+86.1%), from €229,257 to €426,560
of which Land and buildings: +€199,930
- Receivables within one year +€136,665
up €136,665 (+138%), from €99,306 to €235,970
of which Trade receivables: +€120,799
- Cash -€13,188
down €13,188 (-20.6%), from €64,022 to €50,834
mainly Investment in fixed assets (net) (-€224,797) and Receivables within one year (-€136,665)
- Debts after one year +€217,513
up €217,513 (+155%), from €140,157 to €357,669
- Trade debts +€141,340
up €141,340 (+419%), from €33,754 to €175,095
- Profit (loss) carried forward -€72,743
down €72,743 (-46.1%), from €157,703 to €84,960
- Other debts +€41,397
up €41,397 (+333%), from €12,417 to €53,814
- Tax, wage and social debts -€18,021
down €18,021 (-47.6%), from €37,854 to €19,833
of which Taxes: -€18,021
- Gross operating margin -€22,765
down €22,765 (-21.7%), from €104,962 to €82,197
- Taxes -€5,687
down €5,687 (-34.8%), from €16,323 to €10,636
- Financial charges +€4,470
up €4,470 (+58.0%), from €7,712 to €12,182
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 | €395,931 | €715,862 | +€319,931 | +80.8% |
| Fixed assets | 21/28 | €229,257 | €426,560 | +€197,304 | +86.1% |
| Tangible fixed assets | 22/27 | €229,257 | €426,560 | +€197,304 | +86.1% |
| Land and buildings | 22 | €155,157 | €355,087 | +€199,930 | +129% |
| Furniture and vehicles | 24 | €48,740 | €34,394 | -€14,347 | -29.4% |
| Other tangible fixed assets | 26 | €25,359 | €37,080 | +€11,721 | +46.2% |
| Current assets | 29/58 | €166,674 | €289,301 | +€122,627 | +73.6% |
| Amounts receivable within one year | 40/41 | €99,306 | €235,970 | +€136,665 | +138% |
| Trade receivables | 40 | €99,306 | €220,104 | +€120,799 | +122% |
| Other amounts receivable | 41 | - | €15,866 | +€15,866 | |
| Cash at bank and in hand | 54/58 | €64,022 | €50,834 | -€13,188 | -20.6% |
| Deferred charges and accrued income | 490/1 | €3,347 | €2,497 | -€849 | -25.4% |
| Total equity and liabilities | 10/49 | €395,931 | €715,862 | +€319,931 | +80.8% |
| Equity | 10/15 | €160,703 | €87,960 | -€72,743 | -45.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,703 | €84,960 | -€72,743 | -46.1% |
| Amounts payable | 17/49 | €235,228 | €627,902 | +€392,674 | +167% |
| Amounts payable after more than one year | 17 | €140,157 | €357,669 | +€217,513 | +155% |
| Financial debts | 170/4 | €140,157 | €357,669 | +€217,513 | +155% |
| Amounts payable within one year | 42/48 | €94,549 | €269,064 | +€174,515 | +185% |
| Current portion of amounts payable after more than one year | 42 | €10,524 | €20,323 | +€9,799 | +93.1% |
| Trade debts | 44 | €33,754 | €175,095 | +€141,340 | +419% |
| Suppliers | 440/4 | €33,754 | €175,095 | +€141,340 | +419% |
| Taxes, remuneration and social security | 45 | €37,854 | €19,833 | -€18,021 | -47.6% |
| Taxes | 450/3 | €35,854 | €17,833 | -€18,021 | -50.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €12,417 | €53,814 | +€41,397 | +333% |
| Accrued charges and deferred income | 492/3 | €522 | €1,169 | +€647 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,126 | €27,493 | -€633 | -2.2% |
| Other operating charges | 640/8 | €1,110 | €1,264 | +€154 | +13.9% |
| Gross operating margin | 9900 | €104,962 | €82,197 | -€22,765 | -21.7% |
| Operating profit (loss) | 9901 | €75,727 | €53,441 | -€22,286 | -29.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,712 | €12,182 | +€4,470 | +58.0% |
| Recurring financial charges | 65 | €7,712 | €12,182 | +€4,470 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €68,015 | €41,259 | -€26,756 | -39.3% |
| Income taxes | 67/77 | €16,323 | €10,636 | -€5,687 | -34.8% |
| Profit (loss) for the period | 9904 | €51,692 | €30,623 | -€21,068 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,692 | €30,623 | -€21,068 | -40.8% |
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 17 October 2026 via checked.be.