LENSEN MATHIAS: 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.
LENSEN MATHIAS
Largest movements
- Receivables within one year -€16,360
down €16,360 (-47.0%), from €34,815 to €18,455
of which Trade receivables: -€13,179
- Tangible fixed assets +€9,743
up €9,743 (+92.3%), from €10,560 to €20,302
of which Plant, machinery and equipment: +€5,718
- Stocks and contracts +€2,507
up €2,507 (+11.9%), from €21,036 to €23,543
of which Stocks: +€6,507
- Cash -€1,691
down €1,691 (-11.3%), from €15,007 to €13,317
mainly Trade debts (-€34,045) and Investment in fixed assets (net) (-€15,437)
- Deferred charges and accrued income +€1,418
up €1,418 (+377.8%), from €375 to €1,793
- Trade debts -€34,045
down €34,045 (-92.7%), from €36,734 to €2,689
- Reserves +€31,596
up €31,596 (+180.0%), from €17,556 to €49,153
- Debts after one year -€7,776
down €7,776 (-79.6%), from €9,774 to €1,998
- Tax, wage and social debts +€7,363
up €7,363 (+302.6%), from €2,433 to €9,796
of which Taxes: +€8,578
- Other debts -€1,615
down €1,615 (-21.6%), from €7,462 to €5,848
- Gross operating margin +€47,452
up €47,452 (+537.7%), from €8,824 to €56,276
- Taxes +€8,377
up €8,377 (+4181.0%), from €200 to €8,578
- Staff costs +€3,362
up €3,362 (+68.8%), from €4,888 to €8,250
- Depreciation +€2,694
up €2,694 (+113.6%), from €2,372 to €5,066
- Other operating charges +€653
up €653 (+362.2%), from €180 to €833
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 | €86,015 | €82,260 | -€3,755 | -4.4% |
| Fixed assets | 21/28 | €14,781 | €25,152 | +€10,371 | +70.2% |
| Intangible fixed assets | 21 | €4,221 | €4,849 | +€628 | +14.9% |
| Tangible fixed assets | 22/27 | €10,560 | €20,302 | +€9,743 | +92.3% |
| Plant, machinery and equipment | 23 | €9,113 | €14,832 | +€5,718 | +62.7% |
| Furniture and vehicles | 24 | €1,446 | €5,471 | +€4,024 | +278.2% |
| Current assets | 29/58 | €71,234 | €57,108 | -€14,126 | -19.8% |
| Stocks and contracts in progress | 3 | €21,036 | €23,543 | +€2,507 | +11.9% |
| Stocks | 30/36 | €17,036 | €23,543 | +€6,507 | +38.2% |
| Contracts in progress | 37 | €4,000 | - | -€4,000 | |
| Amounts receivable within one year | 40/41 | €34,815 | €18,455 | -€16,360 | -47.0% |
| Trade receivables | 40 | €24,356 | €11,177 | -€13,179 | -54.1% |
| Other amounts receivable | 41 | €10,460 | €7,278 | -€3,181 | -30.4% |
| Cash at bank and in hand | 54/58 | €15,007 | €13,317 | -€1,691 | -11.3% |
| Deferred charges and accrued income | 490/1 | €375 | €1,793 | +€1,418 | +377.8% |
| Total equity and liabilities | 10/49 | €86,015 | €82,260 | -€3,755 | -4.4% |
| Equity | 10/15 | €22,167 | €54,153 | +€31,985 | +144.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,556 | €49,153 | +€31,596 | +180.0% |
| Distributable reserves | 133 | €17,556 | €49,153 | +€31,596 | +180.0% |
| Profit (loss) carried forward | 14 | -€389 | - | +€389 | |
| Amounts payable | 17/49 | €63,847 | €28,107 | -€35,740 | -56.0% |
| Amounts payable after more than one year | 17 | €9,774 | €1,998 | -€7,776 | -79.6% |
| Financial debts | 170/4 | €9,774 | €1,998 | -€7,776 | -79.6% |
| Amounts payable within one year | 42/48 | €54,073 | €26,109 | -€27,964 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €7,444 | €7,776 | +€333 | +4.5% |
| Trade debts | 44 | €36,734 | €2,689 | -€34,045 | -92.7% |
| Suppliers | 440/4 | €36,734 | €2,689 | -€34,045 | -92.7% |
| Taxes, remuneration and social security | 45 | €2,433 | €9,796 | +€7,363 | +302.6% |
| Taxes | 450/3 | €200 | €8,778 | +€8,578 | +4281.0% |
| Remuneration and social security | 454/9 | €2,233 | €1,018 | -€1,215 | -54.4% |
| Other amounts payable | 47/48 | €7,462 | €5,848 | -€1,615 | -21.6% |
| Remuneration, social security and pensions | 62 | €4,888 | €8,250 | +€3,362 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,372 | €5,066 | +€2,694 | +113.6% |
| Other operating charges | 640/8 | €180 | €833 | +€653 | +362.2% |
| Non-recurring operating charges | 66A | €280 | - | -€280 | |
| Gross operating margin | 9900 | €8,824 | €56,276 | +€47,452 | +537.7% |
| Operating profit (loss) | 9901 | €1,104 | €42,128 | +€41,023 | +3715.0% |
| Financial income | 75/76B | €339 | €229 | -€110 | -32.4% |
| Recurring financial income | 75 | €339 | €229 | -€110 | -32.4% |
| Financial charges | 65/66B | €1,632 | €1,794 | +€162 | +9.9% |
| Recurring financial charges | 65 | €1,632 | €1,794 | +€162 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€189 | €40,563 | +€40,752 | |
| Income taxes | 67/77 | €200 | €8,578 | +€8,377 | +4181.0% |
| Profit (loss) for the period | 9904 | -€389 | €31,985 | +€32,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€389 | €31,985 | +€32,374 |
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 9 October 2026 via checked.be.