LENT: 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.
LENT
Largest movements
- Cash -€122,245
down €122,245 (-86.8%), from €140,900 to €18,654
mainly Net result for the year (-€99,106) and Debts after one year (-€30,941)
- Tangible fixed assets -€35,552
down €35,552 (-12.3%), from €288,052 to €252,501
of which Plant, machinery and equipment: -€21,997
- Stocks and contracts +€28,933
up €28,933 (+362.0%), from €7,993 to €36,926
- Profit (loss) carried forward -€99,106
down €99,106 (-905.0%), from -€10,951 to -€110,056
- Debts after one year -€30,941
down €30,941 (-25.1%), from €123,342 to €92,401
- Other debts +€17,828
up €17,828 (+5.6%), from €315,735 to €333,564
- Tax, wage and social debts -€13,573
down €13,573 (-94.9%), from €14,299 to €726
- Trade debts -€10,092
down €10,092 (-27.0%), from €37,342 to €27,250
- Write-downs +€373,283
new in 2025: €373,283
- Gross operating margin +€226,832
up €226,832 (+245.6%), from €92,370 to €319,202
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 | €729,479 | €593,597 | -€135,882 | -18.6% |
| Fixed assets | 21/28 | €293,586 | €256,000 | -€37,586 | -12.8% |
| Intangible fixed assets | 21 | €5,534 | €3,499 | -€2,034 | -36.8% |
| Tangible fixed assets | 22/27 | €288,052 | €252,501 | -€35,552 | -12.3% |
| Land and buildings | 22 | €32,260 | €30,172 | -€2,087 | -6.5% |
| Plant, machinery and equipment | 23 | €214,339 | €192,342 | -€21,997 | -10.3% |
| Furniture and vehicles | 24 | €41,453 | €29,986 | -€11,467 | -27.7% |
| Current assets | 29/58 | €435,893 | €337,597 | -€98,296 | -22.6% |
| Stocks and contracts in progress | 3 | €7,993 | €36,926 | +€28,933 | +362.0% |
| Stocks | 30/36 | €7,993 | €36,926 | +€28,933 | +362.0% |
| Amounts receivable within one year | 40/41 | €284,054 | €279,027 | -€5,027 | -1.8% |
| Trade receivables | 40 | €284,054 | €238,579 | -€45,474 | -16.0% |
| Other amounts receivable | 41 | €0 | €40,448 | +€40,448 | |
| Cash at bank and in hand | 54/58 | €140,900 | €18,654 | -€122,245 | -86.8% |
| Deferred charges and accrued income | 490/1 | €2,947 | €2,989 | +€42 | +1.4% |
| Total equity and liabilities | 10/49 | €729,479 | €593,597 | -€135,882 | -18.6% |
| Equity | 10/15 | €204,249 | €105,144 | -€99,106 | -48.5% |
| Contributions | 10/11 | €215,200 | €215,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,951 | -€110,056 | -€99,106 | -905.0% |
| Amounts payable | 17/49 | €525,230 | €488,453 | -€36,777 | -7.0% |
| Amounts payable after more than one year | 17 | €123,342 | €92,401 | -€30,941 | -25.1% |
| Financial debts | 170/4 | €123,342 | €92,401 | -€30,941 | -25.1% |
| Amounts payable within one year | 42/48 | €400,982 | €395,256 | -€5,726 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €33,606 | €33,717 | +€111 | +0.3% |
| Trade debts | 44 | €37,342 | €27,250 | -€10,092 | -27.0% |
| Suppliers | 440/4 | €37,342 | €27,250 | -€10,092 | -27.0% |
| Taxes, remuneration and social security | 45 | €14,299 | €726 | -€13,573 | -94.9% |
| Taxes | 450/3 | €14,299 | €726 | -€13,573 | -94.9% |
| Other amounts payable | 47/48 | €315,735 | €333,564 | +€17,828 | +5.6% |
| Accrued charges and deferred income | 492/3 | €907 | €796 | -€110 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,782 | €40,746 | +€1,964 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €373,283 | +€373,283 | |
| Other operating charges | 640/8 | €985 | €1,870 | +€884 | +89.7% |
| Gross operating margin | 9900 | €92,370 | €319,202 | +€226,832 | +245.6% |
| Operating profit (loss) | 9901 | €52,603 | -€96,697 | -€149,300 | |
| Financial income | 75/76B | €1,362 | €349 | -€1,012 | -74.3% |
| Recurring financial income | 75 | €1,362 | €349 | -€1,012 | -74.3% |
| Financial charges | 65/66B | €4,288 | €2,531 | -€1,757 | -41.0% |
| Recurring financial charges | 65 | €4,288 | €2,531 | -€1,757 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €49,677 | -€98,878 | -€148,555 | |
| Income taxes | 67/77 | €305 | €227 | -€77 | -25.4% |
| Profit (loss) for the period | 9904 | €49,372 | -€99,106 | -€148,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,372 | -€99,106 | -€148,478 |
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 7 October 2026 via checked.be.