LERNACO: 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.
LERNACO
Largest movements
- Receivables within one year +€30,516
up €30,516 (+38.1%), from €80,199 to €110,715
of which Other amounts receivable: +€45,256
- Financial fixed assets -€30,000
down €30,000 (-100%), from €30,000 to €0
- Deferred charges and accrued income +€27,712
up €27,712 (+789%), from €3,514 to €31,226
- Reserves +€50,864
up €50,864 (+68.4%), from €74,345 to €125,209
- Short-term financial debts -€22,500
down €22,500 (-100%), from €22,500 to €0
- Trade debts -€3,382
down €3,382 (-34.4%), from €9,820 to €6,438
- Tax, wage and social debts +€1,616
up €1,616 (+12.7%), from €12,695 to €14,311
- Gross operating margin -€32,070
down €32,070 (-32.2%), from €99,668 to €67,599
- Taxes -€6,528
down €6,528 (-28.0%), from €23,298 to €16,771
- Financial income +€1,964
up €1,964 (+240%), from €818 to €2,782
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.
Derived cash bridge
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 | €121,360 | €147,958 | +€26,598 | +21.9% |
| Fixed assets | 21/28 | €34,113 | €3,183 | -€30,931 | -90.7% |
| Tangible fixed assets | 22/27 | €4,113 | €3,183 | -€931 | -22.6% |
| Land and buildings | 22 | €3,365 | €2,897 | -€467 | -13.9% |
| Plant, machinery and equipment | 23 | €447 | €241 | -€206 | -46.0% |
| Furniture and vehicles | 24 | €302 | €44 | -€258 | -85.4% |
| Financial fixed assets | 28 | €30,000 | €0 | -€30,000 | -100% |
| Current assets | 29/58 | €87,246 | €144,775 | +€57,529 | +65.9% |
| Amounts receivable within one year | 40/41 | €80,199 | €110,715 | +€30,516 | +38.1% |
| Trade receivables | 40 | €59,245 | €44,505 | -€14,741 | -24.9% |
| Other amounts receivable | 41 | €20,954 | €66,210 | +€45,256 | +216% |
| Cash at bank and in hand | 54/58 | €3,534 | €2,834 | -€699 | -19.8% |
| Deferred charges and accrued income | 490/1 | €3,514 | €31,226 | +€27,712 | +789% |
| Total equity and liabilities | 10/49 | €121,360 | €147,958 | +€26,598 | +21.9% |
| Equity | 10/15 | €76,345 | €127,209 | +€50,864 | +66.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €74,345 | €125,209 | +€50,864 | +68.4% |
| Distributable reserves | 133 | €74,345 | €125,209 | +€50,864 | +68.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,015 | €20,749 | -€24,266 | -53.9% |
| Amounts payable within one year | 42/48 | €45,015 | €20,749 | -€24,266 | -53.9% |
| Financial debts | 43 | €22,500 | €0 | -€22,500 | -100% |
| Credit institutions | 430/8 | €22,500 | €0 | -€22,500 | -100% |
| Trade debts | 44 | €9,820 | €6,438 | -€3,382 | -34.4% |
| Suppliers | 440/4 | €9,820 | €6,438 | -€3,382 | -34.4% |
| Taxes, remuneration and social security | 45 | €12,695 | €14,311 | +€1,616 | +12.7% |
| Taxes | 450/3 | €12,695 | €14,311 | +€1,616 | +12.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €931 | -€82 | -8.1% |
| Other operating charges | 640/8 | €1,717 | €1,360 | -€357 | -20.8% |
| Gross operating margin | 9900 | €99,668 | €67,599 | -€32,070 | -32.2% |
| Operating profit (loss) | 9901 | €96,939 | €65,308 | -€31,630 | -32.6% |
| Financial income | 75/76B | €818 | €2,782 | +€1,964 | +240% |
| Recurring financial income | 75 | €818 | €2,782 | +€1,964 | +240% |
| Financial charges | 65/66B | €113 | €456 | +€343 | +304% |
| Recurring financial charges | 65 | €113 | €456 | +€343 | +304% |
| Profit (loss) for the period before taxes | 9903 | €97,644 | €67,634 | -€30,009 | -30.7% |
| Income taxes | 67/77 | €23,298 | €16,771 | -€6,528 | -28.0% |
| Profit (loss) for the period | 9904 | €74,345 | €50,864 | -€23,481 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,345 | €50,864 | -€23,481 | -31.6% |
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 25 October 2026 via checked.be.