Lie Jennen: 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.
Lie Jennen
Largest movements
- Cash +€92,084
up €92,084 (+86.2%), from €106,778 to €198,862
mainly Net result for the year (+€184,419) and Depreciation (+€10,058)
- Profit (loss) carried forward +€184,419
new in 2025: €184,419
- Debts after one year -€62,469
down €62,469 (-18.2%), from €342,359 to €279,889
- Other debts -€45,164
down €45,164 (-13.5%), from €333,589 to €288,425
- Financial income +€68,695
up €68,695 (+84.5%), from €81,305 to €150,000
- Provisions -€18,000
no longer reported in 2025 (was €18,000)
- Gross operating margin +€12,906
up €12,906 (+21.2%), from €60,910 to €73,816
- Financial charges +€7,495
up €7,495 (+102%), from €7,349 to €14,845
- Taxes +€5,419
up €5,419 (+66.1%), from €8,194 to €13,613
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 | €984,683 | €1,068,161 | +€83,477 | +8.5% |
| Fixed assets | 21/28 | €859,431 | €850,945 | -€8,486 | -1.0% |
| Tangible fixed assets | 22/27 | €27,756 | €19,270 | -€8,486 | -30.6% |
| Plant, machinery and equipment | 23 | €988 | €728 | -€260 | -26.3% |
| Furniture and vehicles | 24 | €26,768 | €18,542 | -€8,226 | -30.7% |
| Financial fixed assets | 28 | €831,675 | €831,675 | = | 0.0% |
| Current assets | 29/58 | €125,253 | €217,216 | +€91,963 | +73.4% |
| Current investments | 50/53 | €18,000 | €18,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,778 | €198,862 | +€92,084 | +86.2% |
| Deferred charges and accrued income | 490/1 | €475 | €354 | -€121 | -25.5% |
| Total equity and liabilities | 10/49 | €984,683 | €1,068,161 | +€83,477 | +8.5% |
| Equity | 10/15 | €220,370 | €404,789 | +€184,419 | +83.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €215,370 | €215,370 | = | 0.0% |
| Distributable reserves | 133 | €215,370 | €215,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €184,419 | +€184,419 | |
| Provisions and deferred taxes | 16 | €18,000 | €18,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,000 | €18,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable | 17/49 | €746,313 | €645,372 | -€100,942 | -13.5% |
| Amounts payable after more than one year | 17 | €342,359 | €279,889 | -€62,469 | -18.2% |
| Financial debts | 170/4 | €342,359 | €279,889 | -€62,469 | -18.2% |
| Amounts payable within one year | 42/48 | €403,955 | €365,482 | -€38,472 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €58,123 | €62,469 | +€4,346 | +7.5% |
| Trade debts | 44 | - | €49 | +€49 | |
| Suppliers | 440/4 | - | €49 | +€49 | |
| Taxes, remuneration and social security | 45 | €12,243 | €14,539 | +€2,296 | +18.8% |
| Taxes | 450/3 | €12,243 | €926 | -€11,317 | -92.4% |
| Remuneration and social security | 454/9 | - | €13,613 | +€13,613 | |
| Other amounts payable | 47/48 | €333,589 | €288,425 | -€45,164 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,516 | €10,058 | +€1,542 | +18.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,000 | - | -€18,000 | |
| Other operating charges | 640/8 | €704 | €881 | +€177 | +25.1% |
| Gross operating margin | 9900 | €60,910 | €73,816 | +€12,906 | +21.2% |
| Operating profit (loss) | 9901 | €33,690 | €62,877 | +€29,187 | +86.6% |
| Financial income | 75/76B | €81,305 | €150,000 | +€68,695 | +84.5% |
| Recurring financial income | 75 | €81,305 | €150,000 | +€68,695 | +84.5% |
| Financial charges | 65/66B | €7,349 | €14,845 | +€7,495 | +102% |
| Recurring financial charges | 65 | €7,349 | €14,845 | +€7,495 | +102% |
| Profit (loss) for the period before taxes | 9903 | €107,645 | €198,033 | +€90,387 | +84.0% |
| Income taxes | 67/77 | €8,194 | €13,613 | +€5,419 | +66.1% |
| Profit (loss) for the period | 9904 | €99,451 | €184,419 | +€84,968 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,451 | €184,419 | +€84,968 | +85.4% |
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 28 October 2026 via checked.be.