LENTEC: 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.
What changed
LENTEC
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€91,444
2024 · €163,114-€71,670
Equity
€1.1m
2024 · €983,615+€99,848
Cash
€1,304
2024 · €1,458-€153
Balance sheet total
€2.3m
2024 · €2.3m+€10,022
Largest movements
Assets
- Stocks and contracts +€119,591
up €119,591 (+12.3%), from €968,905 to €1.1m
- Tangible fixed assets -€65,666
down €65,666 (-7.8%), from €838,174 to €772,508
- Current investments -€34,983
down €34,983 (-100.0%), from €35,000 to €17
Equity and liabilities
- Trade debts -€138,276
down €138,276 (-37.6%), from €368,218 to €229,942
- Reserves +€91,400
up €91,400 (+9.8%), from €931,000 to €1.0m
of which Distributable reserves: +€91,400
- Short-term financial debts +€48,073
up €48,073 (+20645.3%), from €233 to €48,306
of which Credit institutions: +€31,147
- Current portion of long-term debt +€24,090
up €24,090 (+22.4%), from €107,460 to €131,550
Income statement
- Gross operating margin -€149,716
down €149,716 (-24.2%), from €617,441 to €467,725
- Staff costs -€51,052
down €51,052 (-18.8%), from €271,001 to €219,949
- Taxes -€29,605
down €29,605 (-46.9%), from €63,078 to €33,472
- Write-downs +€25,972
up €25,972, from -€24,037 to €1,935
- Depreciation -€20,278
down €20,278 (-16.4%), from €123,450 to €103,173
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.
Result 2024
€163,114
Gross operating margin
-€149,716
Staff costs
+€51,052
Depreciation
+€20,278
Write-downs
-€25,972
Other operating charges
+€2,035
Financial income
+€2,578
Financial charges
-€1,278
Taxes
+€29,605
Deferred taxes and other
-€252
Result 2025
€91,444
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.
From operations
-€90,689
Investment
-€1,892
Financing
+€92,428
Cash 2024
€1,458
From operations (derived)
-€90,689
Net result for the year
+€91,444
Depreciation
+€103,173
Stocks and contracts
-€119,591
Receivables within one year
+€7,681
Deferred charges and accrued income
+€455
Trade debts
-€138,276
Tax, wage and social debts
-€21,365
Advances received
-€3,150
Other debts
-€14,129
Accrued charges and deferred income
+€3,070
Investment (derived)
-€1,892
Investment in fixed assets (net)
-€36,875
Current investments
+€34,983
Financing
+€92,428
Debts after one year
+€11,861
Current portion of long-term debt
+€24,090
Short-term financial debts
+€48,073
Contributions, distributions and other
+€8,404
Cash 2025
€1,304
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,276,547 | €2,286,569 | +€10,022 | +0.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €917,823 | €851,525 | -€66,298 | -7.2% |
| Intangible fixed assets | 21 | €1,249 | €617 | -€632 | -50.6% |
| Tangible fixed assets | 22/27 | €838,174 | €772,508 | -€65,666 | -7.8% |
| Land and buildings | 22 | €607,871 | €583,860 | -€24,011 | -4.0% |
| Plant, machinery and equipment | 23 | €80,674 | €50,592 | -€30,082 | -37.3% |
| Furniture and vehicles | 24 | €108,153 | €77,916 | -€30,237 | -28.0% |
| Leasing and similar rights | 25 | €41,475 | €60,140 | +€18,665 | +45.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €78,400 | €78,400 | = | 0.0% |
| Current assets | 29/58 | €1,358,724 | €1,435,044 | +€76,320 | +5.6% |
| Amounts receivable after more than one year | 29 | €121,600 | €121,600 | = | 0.0% |
| Other amounts receivable | 291 | €121,600 | €121,600 | = | 0.0% |
| Stocks and contracts in progress | 3 | €968,905 | €1,088,496 | +€119,591 | +12.3% |
| Stocks | 30/36 | €968,905 | €1,088,496 | +€119,591 | +12.3% |
| Amounts receivable within one year | 40/41 | €222,699 | €215,018 | -€7,681 | -3.4% |
| Trade receivables | 40 | €189,435 | €135,802 | -€53,633 | -28.3% |
| Other amounts receivable | 41 | €33,263 | €79,216 | +€45,953 | +138.1% |
| Current investments | 50/53 | €35,000 | €17 | -€34,983 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,458 | €1,304 | -€153 | -10.5% |
| Deferred charges and accrued income | 490/1 | €9,063 | €8,608 | -€455 | -5.0% |
| Total equity and liabilities | 10/49 | €2,276,547 | €2,286,569 | +€10,022 | +0.4% |
| Equity | 10/15 | €983,615 | €1,083,463 | +€99,848 | +10.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €931,000 | €1,022,400 | +€91,400 | +9.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €931,000 | €1,022,400 | +€91,400 | +9.8% |
| Profit (loss) carried forward | 14 | €2,595 | €2,639 | +€44 | +1.7% |
| Investment grants | 15 | €25,021 | €33,424 | +€8,404 | +33.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,292,932 | €1,203,106 | -€89,825 | -6.9% |
| Amounts payable after more than one year | 17 | €607,536 | €619,397 | +€11,861 | +2.0% |
| Financial debts | 170/4 | €607,536 | €619,397 | +€11,861 | +2.0% |
| Amounts payable within one year | 42/48 | €681,772 | €577,015 | -€104,757 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €107,460 | €131,550 | +€24,090 | +22.4% |
| Financial debts | 43 | €233 | €48,306 | +€48,073 | +20645.3% |
| Credit institutions | 430/8 | €233 | €31,380 | +€31,147 | +13376.3% |
| Other loans | 439 | €0 | €16,926 | +€16,926 | |
| Trade debts | 44 | €368,218 | €229,942 | -€138,276 | -37.6% |
| Suppliers | 440/4 | €368,218 | €229,942 | -€138,276 | -37.6% |
| Advances received on contracts in progress | 46 | €76,000 | €72,850 | -€3,150 | -4.1% |
| Taxes, remuneration and social security | 45 | €87,138 | €65,773 | -€21,365 | -24.5% |
| Taxes | 450/3 | €53,254 | €33,461 | -€19,793 | -37.2% |
| Remuneration and social security | 454/9 | €33,885 | €32,312 | -€1,573 | -4.6% |
| Other amounts payable | 47/48 | €42,723 | €28,594 | -€14,129 | -33.1% |
| Accrued charges and deferred income | 492/3 | €3,623 | €6,694 | +€3,070 | +84.7% |
| Remuneration, social security and pensions | 62 | €271,001 | €219,949 | -€51,052 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,450 | €103,173 | -€20,278 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,037 | €1,935 | +€25,972 | |
| Other operating charges | 640/8 | €7,563 | €5,528 | -€2,035 | -26.9% |
| Gross operating margin | 9900 | €617,441 | €467,725 | -€149,716 | -24.2% |
| Operating profit (loss) | 9901 | €239,464 | €137,141 | -€102,323 | -42.7% |
| Financial income | 75/76B | €11,361 | €13,939 | +€2,578 | +22.7% |
| Recurring financial income | 75 | €11,361 | €13,939 | +€2,578 | +22.7% |
| Financial charges | 65/66B | €24,885 | €26,163 | +€1,278 | +5.1% |
| Recurring financial charges | 65 | €24,885 | €26,163 | +€1,278 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €225,940 | €124,916 | -€101,024 | -44.7% |
| Transfer from deferred taxes | 780 | €252 | €0 | -€252 | -100.0% |
| Income taxes | 67/77 | €63,078 | €33,472 | -€29,605 | -46.9% |
| Profit (loss) for the period | 9904 | €163,114 | €91,444 | -€71,670 | -43.9% |
| Transfer from tax-exempt reserves | 789 | €1,007 | €0 | -€1,007 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,121 | €91,444 | -€72,677 | -44.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.