LENVER: 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.
LENVER
Largest movements
- Cash -€22,663
down €22,663 (-56.3%), from €40,286 to €17,623
mainly Other debts (-€11,339) and Debts after one year (-€8,494)
- Tangible fixed assets -€4,479
down €4,479 (-19.6%), from €22,900 to €18,421
of which Plant, machinery and equipment: -€7,076
- Stocks and contracts +€3,847
up €3,847 (+9.8%), from €39,438 to €43,285
- Receivables within one year +€3,121
up €3,121 (+21.4%), from €14,605 to €17,727
of which Trade receivables: +€4,629
- Other debts -€11,339
down €11,339 (-96.4%), from €11,765 to €426
- Debts after one year -€8,494
down €8,494 (-100.0%), from €8,494 to €0
- Current portion of long-term debt -€3,635
down €3,635 (-32.5%), from €11,189 to €7,554
- Reserves +€2,014
up €2,014 (+3.1%), from €64,047 to €66,061
- Gross operating margin -€54,388
down €54,388 (-74.2%), from €73,347 to €18,960
- Taxes -€13,844
down €13,844 (-91.2%), from €15,174 to €1,330
- Depreciation -€3,076
down €3,076 (-18.8%), from €16,390 to €13,314
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 | €119,919 | €99,099 | -€20,820 | -17.4% |
| Fixed assets | 21/28 | €23,362 | €18,421 | -€4,941 | -21.1% |
| Intangible fixed assets | 21 | €462 | €0 | -€462 | -100.0% |
| Tangible fixed assets | 22/27 | €22,900 | €18,421 | -€4,479 | -19.6% |
| Plant, machinery and equipment | 23 | €19,659 | €12,583 | -€7,076 | -36.0% |
| Furniture and vehicles | 24 | €3,242 | €5,838 | +€2,597 | +80.1% |
| Current assets | 29/58 | €96,557 | €80,678 | -€15,879 | -16.4% |
| Stocks and contracts in progress | 3 | €39,438 | €43,285 | +€3,847 | +9.8% |
| Stocks | 30/36 | €39,438 | €43,285 | +€3,847 | +9.8% |
| Amounts receivable within one year | 40/41 | €14,605 | €17,727 | +€3,121 | +21.4% |
| Trade receivables | 40 | €13,098 | €17,727 | +€4,629 | +35.3% |
| Other amounts receivable | 41 | €1,507 | €0 | -€1,507 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,286 | €17,623 | -€22,663 | -56.3% |
| Deferred charges and accrued income | 490/1 | €2,228 | €2,043 | -€185 | -8.3% |
| Total equity and liabilities | 10/49 | €119,919 | €99,099 | -€20,820 | -17.4% |
| Equity | 10/15 | €66,547 | €68,561 | +€2,014 | +3.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €64,047 | €66,061 | +€2,014 | +3.1% |
| Distributable reserves | 133 | €64,047 | €66,061 | +€2,014 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,372 | €30,538 | -€22,834 | -42.8% |
| Amounts payable after more than one year | 17 | €8,494 | €0 | -€8,494 | -100.0% |
| Financial debts | 170/4 | €8,494 | €0 | -€8,494 | -100.0% |
| Amounts payable within one year | 42/48 | €44,878 | €30,538 | -€14,340 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €11,189 | €7,554 | -€3,635 | -32.5% |
| Trade debts | 44 | €4,026 | €4,375 | +€349 | +8.7% |
| Suppliers | 440/4 | €4,026 | €4,375 | +€349 | +8.7% |
| Taxes, remuneration and social security | 45 | €17,898 | €18,182 | +€285 | +1.6% |
| Taxes | 450/3 | €17,898 | €18,182 | +€285 | +1.6% |
| Other amounts payable | 47/48 | €11,765 | €426 | -€11,339 | -96.4% |
| Non-recurring operating income | 76A | - | €2,514 | +€2,514 | |
| Remuneration, social security and pensions | 62 | €75 | €0 | -€75 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,390 | €13,314 | -€3,076 | -18.8% |
| Other operating charges | 640/8 | €1,419 | €1,601 | +€182 | +12.8% |
| Gross operating margin | 9900 | €73,347 | €18,960 | -€54,388 | -74.2% |
| Operating profit (loss) | 9901 | €55,463 | €4,045 | -€51,418 | -92.7% |
| Financial income | 75/76B | €83 | €0 | -€83 | -99.5% |
| Recurring financial income | 75 | €83 | €0 | -€83 | -99.5% |
| Financial charges | 65/66B | €1,099 | €701 | -€398 | -36.2% |
| Recurring financial charges | 65 | €1,099 | €701 | -€398 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €54,448 | €3,344 | -€51,104 | -93.9% |
| Income taxes | 67/77 | €15,174 | €1,330 | -€13,844 | -91.2% |
| Profit (loss) for the period | 9904 | €39,273 | €2,014 | -€37,260 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,273 | €2,014 | -€37,260 | -94.9% |
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.