LERNER ENGINEERING: 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.
LERNER ENGINEERING
Largest movements
- Tangible fixed assets -€287,647
down €287,647 (-73.9%), from €389,249 to €101,602
of which Land and buildings: -€338,103
- Cash -€136,185
down €136,185 (-24.2%), from €562,612 to €426,427
mainly Contributions, distributions and other (-€672,940) and Deferred charges and accrued income (-€128,065)
- Deferred charges and accrued income +€128,065
up €128,065 (+161.3%), from €79,386 to €207,451
- Receivables within one year -€65,503
down €65,503 (-19.8%), from €330,908 to €265,405
of which Trade receivables: -€34,808
- Reserves -€287,771
down €287,771 (-34.7%), from €829,790 to €542,019
of which Distributable reserves: -€365,656
- Contributions -€124,650
down €124,650 (-58.9%), from €211,585 to €86,935
- Tax, wage and social debts +€116,668
up €116,668 (+122.9%), from €94,896 to €211,564
of which Remuneration and social security: +€94,573
- Debts after one year -€85,522
no longer reported in 2025 (was €85,522)
- Trade debts +€35,295
up €35,295 (+53.8%), from €65,651 to €100,946
of which Bills of exchange payable: +€28,010
- Gross operating margin +€661,732
up €661,732 (+108.4%), from €610,361 to €1.3m
- Staff costs +€393,168
up €393,168 (+82.9%), from €474,139 to €867,307
- Taxes +€83,199
up €83,199 (+590.8%), from €14,081 to €97,280
- Depreciation -€23,918
down €23,918 (-38.5%), from €62,073 to €38,154
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 | €1,363,264 | €1,001,934 | -€361,330 | -26.5% |
| Fixed assets | 21/28 | €390,359 | €102,652 | -€287,707 | -73.7% |
| Tangible fixed assets | 22/27 | €389,249 | €101,602 | -€287,647 | -73.9% |
| Land and buildings | 22 | €338,103 | - | -€338,103 | |
| Plant, machinery and equipment | 23 | - | €991 | +€991 | |
| Furniture and vehicles | 24 | €49,682 | €99,233 | +€49,551 | +99.7% |
| Other tangible fixed assets | 26 | €1,464 | €1,378 | -€86 | -5.9% |
| Financial fixed assets | 28 | €1,110 | €1,050 | -€60 | -5.4% |
| Current assets | 29/58 | €972,906 | €899,283 | -€73,623 | -7.6% |
| Amounts receivable within one year | 40/41 | €330,908 | €265,405 | -€65,503 | -19.8% |
| Trade receivables | 40 | €300,102 | €265,295 | -€34,808 | -11.6% |
| Other amounts receivable | 41 | €30,805 | €110 | -€30,695 | -99.6% |
| Cash at bank and in hand | 54/58 | €562,612 | €426,427 | -€136,185 | -24.2% |
| Deferred charges and accrued income | 490/1 | €79,386 | €207,451 | +€128,065 | +161.3% |
| Total equity and liabilities | 10/49 | €1,363,264 | €1,001,934 | -€361,330 | -26.5% |
| Equity | 10/15 | €1,041,375 | €628,954 | -€412,421 | -39.6% |
| Contributions | 10/11 | €211,585 | €86,935 | -€124,650 | -58.9% |
| Reserves | 13 | €829,790 | €542,019 | -€287,771 | -34.7% |
| Tax-exempt reserves | 132 | - | €77,885 | +€77,885 | |
| Distributable reserves | 133 | €829,790 | €464,134 | -€365,656 | -44.1% |
| Amounts payable | 17/49 | €321,889 | €372,980 | +€51,091 | +15.9% |
| Amounts payable after more than one year | 17 | €85,522 | - | -€85,522 | |
| Financial debts | 170/4 | €85,522 | - | -€85,522 | |
| Amounts payable within one year | 42/48 | €236,367 | €372,980 | +€136,613 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €23,867 | - | -€23,867 | |
| Trade debts | 44 | €65,651 | €100,946 | +€35,295 | +53.8% |
| Suppliers | 440/4 | €65,651 | €72,936 | +€7,285 | +11.1% |
| Bills of exchange payable | 441 | - | €28,010 | +€28,010 | |
| Taxes, remuneration and social security | 45 | €94,896 | €211,564 | +€116,668 | +122.9% |
| Taxes | 450/3 | €30,919 | €53,013 | +€22,095 | +71.5% |
| Remuneration and social security | 454/9 | €63,978 | €158,551 | +€94,573 | +147.8% |
| Other amounts payable | 47/48 | €51,953 | €60,470 | +€8,517 | +16.4% |
| Non-recurring operating income | 76A | - | €122,209 | +€122,209 | |
| Remuneration, social security and pensions | 62 | €474,139 | €867,307 | +€393,168 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,073 | €38,154 | -€23,918 | -38.5% |
| Other operating charges | 640/8 | €3,016 | €4,722 | +€1,706 | +56.6% |
| Gross operating margin | 9900 | €610,361 | €1,272,094 | +€661,732 | +108.4% |
| Operating profit (loss) | 9901 | €71,134 | €361,911 | +€290,777 | +408.8% |
| Financial income | 75/76B | €2,036 | €2,472 | +€436 | +21.4% |
| Recurring financial income | 75 | €2,036 | €2,472 | +€436 | +21.4% |
| Financial charges | 65/66B | €5,479 | €6,583 | +€1,105 | +20.2% |
| Recurring financial charges | 65 | €5,479 | €6,583 | +€1,105 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €67,691 | €357,800 | +€290,108 | +428.6% |
| Income taxes | 67/77 | €14,081 | €97,280 | +€83,199 | +590.8% |
| Profit (loss) for the period | 9904 | €53,610 | €260,519 | +€206,909 | +386.0% |
| Transfer to tax-exempt reserves | 689 | - | €77,885 | +€77,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,610 | €182,634 | +€129,024 | +240.7% |
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 3 October 2026 via checked.be.