LERNOUT: 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.
LERNOUT
Largest movements
- Tangible fixed assets -€72,139
down €72,139 (-24.2%), from €297,589 to €225,451
of which Furniture and vehicles: -€68,484
- Cash +€41,414
up €41,414 (+18.0%), from €229,689 to €271,103
mainly Net result for the year (+€81,602) and Depreciation (+€70,996)
- Receivables within one year -€7,322
down €7,322 (-6.2%), from €118,635 to €111,313
of which Other amounts receivable: -€14,490
- Trade debts -€55,524
down €55,524 (-93.3%), from €59,520 to €3,996
- Reserves +€32,850
up €32,850 (+10.2%), from €322,920 to €355,770
- Debts after one year -€20,191
down €20,191 (-52.0%), from €38,858 to €18,666
- Other debts +€6,817
up €6,817 (+12.7%), from €53,594 to €60,411
- Depreciation +€6,574
up €6,574 (+10.2%), from €64,422 to €70,996
- Gross operating margin +€5,515
up €5,515 (+2.8%), from €195,778 to €201,293
- Financial charges +€3,026
up €3,026 (+66.9%), from €4,523 to €7,549
- Taxes +€2,794
up €2,794 (+9.2%), from €30,272 to €33,065
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 | €649,534 | €615,260 | -€34,274 | -5.3% |
| Fixed assets | 21/28 | €297,724 | €225,586 | -€72,139 | -24.2% |
| Tangible fixed assets | 22/27 | €297,589 | €225,451 | -€72,139 | -24.2% |
| Land and buildings | 22 | €10,046 | €8,692 | -€1,354 | -13.5% |
| Plant, machinery and equipment | 23 | €3,986 | €2,173 | -€1,813 | -45.5% |
| Furniture and vehicles | 24 | €282,098 | €213,613 | -€68,484 | -24.3% |
| Other tangible fixed assets | 26 | €1,460 | €973 | -€487 | -33.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €351,810 | €389,675 | +€37,865 | +10.8% |
| Amounts receivable within one year | 40/41 | €118,635 | €111,313 | -€7,322 | -6.2% |
| Trade receivables | 40 | €104,145 | €111,313 | +€7,168 | +6.9% |
| Other amounts receivable | 41 | €14,490 | €0 | -€14,490 | -100.0% |
| Cash at bank and in hand | 54/58 | €229,689 | €271,103 | +€41,414 | +18.0% |
| Deferred charges and accrued income | 490/1 | €3,485 | €7,258 | +€3,773 | +108.2% |
| Total equity and liabilities | 10/49 | €649,534 | €615,260 | -€34,274 | -5.3% |
| Equity | 10/15 | €460,200 | €493,050 | +€32,850 | +7.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €322,920 | €355,770 | +€32,850 | +10.2% |
| Distributable reserves | 133 | €322,920 | €355,770 | +€32,850 | +10.2% |
| Profit (loss) carried forward | 14 | €102,281 | €102,281 | = | 0.0% |
| Amounts payable | 17/49 | €189,333 | €122,210 | -€67,124 | -35.5% |
| Amounts payable after more than one year | 17 | €38,858 | €18,666 | -€20,191 | -52.0% |
| Financial debts | 170/4 | €38,858 | €18,666 | -€20,191 | -52.0% |
| Amounts payable within one year | 42/48 | €147,063 | €97,940 | -€49,123 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €20,013 | €20,191 | +€178 | +0.9% |
| Trade debts | 44 | €59,520 | €3,996 | -€55,524 | -93.3% |
| Suppliers | 440/4 | €59,520 | €3,996 | -€55,524 | -93.3% |
| Taxes, remuneration and social security | 45 | €13,936 | €13,342 | -€594 | -4.3% |
| Taxes | 450/3 | €13,936 | €13,342 | -€594 | -4.3% |
| Other amounts payable | 47/48 | €53,594 | €60,411 | +€6,817 | +12.7% |
| Accrued charges and deferred income | 492/3 | €3,413 | €5,603 | +€2,191 | +64.2% |
| Non-recurring operating income | 76A | - | €293 | +€293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,422 | €70,996 | +€6,574 | +10.2% |
| Other operating charges | 640/8 | €6,271 | €8,212 | +€1,941 | +31.0% |
| Gross operating margin | 9900 | €195,778 | €201,293 | +€5,515 | +2.8% |
| Operating profit (loss) | 9901 | €125,084 | €122,084 | -€3,000 | -2.4% |
| Financial income | 75/76B | €111 | €132 | +€22 | +19.6% |
| Recurring financial income | 75 | €111 | €132 | +€22 | +19.6% |
| Financial charges | 65/66B | €4,523 | €7,549 | +€3,026 | +66.9% |
| Recurring financial charges | 65 | €4,523 | €7,549 | +€3,026 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €120,672 | €114,667 | -€6,005 | -5.0% |
| Income taxes | 67/77 | €30,272 | €33,065 | +€2,794 | +9.2% |
| Profit (loss) for the period | 9904 | €90,401 | €81,602 | -€8,799 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,401 | €81,602 | -€8,799 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.