LERNA: 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.
LERNA
Largest movements
- Receivables within one year -€169,243
down €169,243 (-42.5%), from €398,604 to €229,361
of which Trade receivables: -€170,219
- Debts after one year -€316,172
down €316,172 (-11.1%), from €2.9m to €2.5m
- Current portion of long-term debt +€75,631
up €75,631 (+27.1%), from €279,585 to €355,216
- Financial income -€1.0m
down €1.0m (-87.4%), from €1.2m to €150,000
- Financial charges +€13,348
up €13,348 (+6.5%), from €204,840 to €218,188
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 | €6,045,313 | €5,868,338 | -€176,975 | -2.9% |
| Fixed assets | 21/28 | €5,633,800 | €5,633,800 | = | 0.0% |
| Financial fixed assets | 28 | €5,633,800 | €5,633,800 | = | 0.0% |
| Current assets | 29/58 | €411,513 | €234,538 | -€176,975 | -43.0% |
| Amounts receivable within one year | 40/41 | €398,604 | €229,361 | -€169,243 | -42.5% |
| Trade receivables | 40 | €388,181 | €217,961 | -€170,219 | -43.9% |
| Other amounts receivable | 41 | €10,423 | €11,399 | +€976 | +9.4% |
| Cash at bank and in hand | 54/58 | €12,909 | €5,177 | -€7,732 | -59.9% |
| Total equity and liabilities | 10/49 | €6,045,313 | €5,868,338 | -€176,975 | -2.9% |
| Equity | 10/15 | €2,841,601 | €2,849,750 | +€8,149 | +0.3% |
| Contributions | 10/11 | €1,268,000 | €1,268,000 | = | 0.0% |
| Reserves | 13 | €1,573,098 | €1,573,098 | = | 0.0% |
| Distributable reserves | 133 | €1,573,098 | €1,573,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | €502 | €8,651 | +€8,149 | +1622.1% |
| Amounts payable | 17/49 | €3,203,713 | €3,018,588 | -€185,124 | -5.8% |
| Amounts payable after more than one year | 17 | €2,853,112 | €2,536,940 | -€316,172 | -11.1% |
| Financial debts | 170/4 | €2,853,112 | €2,536,940 | -€316,172 | -11.1% |
| Amounts payable within one year | 42/48 | €350,601 | €481,648 | +€131,047 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €279,585 | €355,216 | +€75,631 | +27.1% |
| Trade debts | 44 | €71,016 | €76,433 | +€5,416 | +7.6% |
| Suppliers | 440/4 | €71,016 | €76,433 | +€5,416 | +7.6% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €751 | €1,086 | +€335 | +44.6% |
| Gross operating margin | 9900 | €78,042 | €77,423 | -€618 | -0.8% |
| Operating profit (loss) | 9901 | €77,291 | €76,337 | -€953 | -1.2% |
| Financial income | 75/76B | €1,191,648 | €150,000 | -€1.0m | -87.4% |
| Recurring financial income | 75 | €1,191,648 | €150,000 | -€1.0m | -87.4% |
| Financial charges | 65/66B | €204,840 | €218,188 | +€13,348 | +6.5% |
| Recurring financial charges | 65 | €204,840 | €218,188 | +€13,348 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €1,064,098 | €8,149 | -€1.1m | -99.2% |
| Profit (loss) for the period | 9904 | €1,064,098 | €8,149 | -€1.1m | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,064,098 | €8,149 | -€1.1m | -99.2% |
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 8 October 2026 via checked.be.