LERNO.COM: 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.
LERNO.COM
Largest movements
- Cash +€150,172
up €150,172 (+133.9%), from €112,174 to €262,347
mainly Depreciation (+€73,133) and Investment in fixed assets (net) (+€58,199)
- Tangible fixed assets -€131,512
down €131,512 (-16.7%), from €787,389 to €655,876
of which Land and buildings: -€72,407
- Receivables within one year -€38,149
down €38,149 (-94.0%), from €40,601 to €2,452
of which Other amounts receivable: -€28,435
- Reserves -€20,598
down €20,598 (-1.6%), from €1.3m to €1.3m
- Depreciation -€26,198
down €26,198 (-26.4%), from €99,331 to €73,133
- Financial income -€23,598
down €23,598 (-82.5%), from €28,597 to €5,000
- Other operating charges -€14,913
down €14,913 (-68.8%), from €21,665 to €6,751
- Gross operating margin -€12,730
down €12,730 (-18.9%), from €67,394 to €54,664
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 | €1,322,474 | €1,301,634 | -€20,840 | -1.6% |
| Fixed assets | 21/28 | €787,889 | €656,556 | -€131,332 | -16.7% |
| Tangible fixed assets | 22/27 | €787,389 | €655,876 | -€131,512 | -16.7% |
| Land and buildings | 22 | €650,895 | €578,488 | -€72,407 | -11.1% |
| Plant, machinery and equipment | 23 | €727 | €0 | -€727 | -100.0% |
| Furniture and vehicles | 24 | €58,379 | €0 | -€58,379 | -100.0% |
| Other tangible fixed assets | 26 | €77,388 | €77,388 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €680 | +€180 | +36.0% |
| Current assets | 29/58 | €534,585 | €645,077 | +€110,492 | +20.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,601 | €2,452 | -€38,149 | -94.0% |
| Trade receivables | 40 | €12,167 | €2,452 | -€9,715 | -79.8% |
| Other amounts receivable | 41 | €28,435 | €0 | -€28,435 | -100.0% |
| Current investments | 50/53 | €121,616 | €121,616 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,174 | €262,347 | +€150,172 | +133.9% |
| Deferred charges and accrued income | 490/1 | €10,193 | €8,663 | -€1,531 | -15.0% |
| Total equity and liabilities | 10/49 | €1,322,474 | €1,301,634 | -€20,840 | -1.6% |
| Equity | 10/15 | €1,309,338 | €1,288,741 | -€20,598 | -1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,290,746 | €1,270,149 | -€20,598 | -1.6% |
| Distributable reserves | 133 | €1,290,746 | €1,270,149 | -€20,598 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,135 | €12,893 | -€243 | -1.8% |
| Amounts payable within one year | 42/48 | €12,685 | €12,373 | -€313 | -2.5% |
| Trade debts | 44 | €9,520 | €953 | -€8,567 | -90.0% |
| Suppliers | 440/4 | €9,520 | €953 | -€8,567 | -90.0% |
| Taxes, remuneration and social security | 45 | €99 | €8,683 | +€8,584 | +8701.7% |
| Taxes | 450/3 | €99 | €8,683 | +€8,584 | +8701.7% |
| Other amounts payable | 47/48 | €3,067 | €2,737 | -€330 | -10.8% |
| Accrued charges and deferred income | 492/3 | €450 | €520 | +€70 | +15.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,331 | €73,133 | -€26,198 | -26.4% |
| Other operating charges | 640/8 | €21,665 | €6,751 | -€14,913 | -68.8% |
| Gross operating margin | 9900 | €67,394 | €54,664 | -€12,730 | -18.9% |
| Operating profit (loss) | 9901 | -€53,602 | -€25,221 | +€28,382 | +52.9% |
| Financial income | 75/76B | €28,597 | €5,000 | -€23,598 | -82.5% |
| Recurring financial income | 75 | €28,597 | €5,000 | -€23,598 | -82.5% |
| Financial charges | 65/66B | €501 | €377 | -€124 | -24.8% |
| Recurring financial charges | 65 | €501 | €377 | -€124 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,505 | -€20,598 | +€4,908 | +19.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€25,505 | -€20,598 | +€4,908 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,505 | -€20,598 | +€4,908 | +19.2% |
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 7 October 2026 via checked.be.