LLENVERS INV.: 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.
LLENVERS INV.
Largest movements
- Receivables after one year +€17,500
up €17,500 (+19.4%), from €90,000 to €107,500
- Deferred charges and accrued income +€12,908
up €12,908 (+81.8%), from €15,789 to €28,697
- Tangible fixed assets -€11,513
no longer reported in 2025 (was €11,513)
- Receivables within one year -€9,372
down €9,372 (-31.5%), from €29,719 to €20,348
of which Trade receivables: -€17,634
- Tax, wage and social debts +€6,697
up €6,697 (+134%), from €4,999 to €11,695
of which Taxes: +€11,695
- Profit (loss) carried forward +€3,255
up €3,255 (+32.8%), from €9,938 to €13,193
- Gross operating margin -€50,538
down €50,538 (-84.2%), from €60,053 to €9,515
- Staff costs -€39,365
no longer reported in 2025 (was €39,365)
- Depreciation -€3,838
no longer reported in 2025 (was €3,838)
- Other operating charges -€1,752
down €1,752 (-58.5%), from €2,996 to €1,243
- Taxes +€1,003
new in 2025: €1,003
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 | €147,189 | €156,904 | +€9,715 | +6.6% |
| Fixed assets | 21/28 | €11,513 | - | -€11,513 | |
| Tangible fixed assets | 22/27 | €11,513 | - | -€11,513 | |
| Furniture and vehicles | 24 | €11,513 | - | -€11,513 | |
| Current assets | 29/58 | €135,676 | €156,904 | +€21,228 | +15.6% |
| Amounts receivable after more than one year | 29 | €90,000 | €107,500 | +€17,500 | +19.4% |
| Other amounts receivable | 291 | €90,000 | €107,500 | +€17,500 | +19.4% |
| Amounts receivable within one year | 40/41 | €29,719 | €20,348 | -€9,372 | -31.5% |
| Trade receivables | 40 | €28,235 | €10,601 | -€17,634 | -62.5% |
| Other amounts receivable | 41 | €1,484 | €9,747 | +€8,263 | +557% |
| Cash at bank and in hand | 54/58 | €168 | €360 | +€192 | +114% |
| Deferred charges and accrued income | 490/1 | €15,789 | €28,697 | +€12,908 | +81.8% |
| Total equity and liabilities | 10/49 | €147,189 | €156,904 | +€9,715 | +6.6% |
| Equity | 10/15 | €141,938 | €145,193 | +€3,255 | +2.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,938 | €13,193 | +€3,255 | +32.8% |
| Amounts payable | 17/49 | €5,252 | €11,712 | +€6,460 | +123% |
| Amounts payable within one year | 42/48 | €5,252 | €11,712 | +€6,460 | +123% |
| Trade debts | 44 | €237 | - | -€237 | |
| Suppliers | 440/4 | €237 | - | -€237 | |
| Taxes, remuneration and social security | 45 | €4,999 | €11,695 | +€6,697 | +134% |
| Taxes | 450/3 | - | €11,695 | +€11,695 | |
| Remuneration and social security | 454/9 | €4,999 | - | -€4,999 | |
| Other amounts payable | 47/48 | €16 | €16 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,365 | - | -€39,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,838 | - | -€3,838 | |
| Other operating charges | 640/8 | €2,996 | €1,243 | -€1,752 | -58.5% |
| Non-recurring operating charges | 66A | - | €4,013 | +€4,013 | |
| Gross operating margin | 9900 | €60,053 | €9,515 | -€50,538 | -84.2% |
| Operating profit (loss) | 9901 | €13,854 | €4,258 | -€9,596 | -69.3% |
| Financial charges | 65/66B | €896 | - | -€896 | |
| Recurring financial charges | 65 | €896 | - | -€896 | |
| Profit (loss) for the period before taxes | 9903 | €12,958 | €4,258 | -€8,700 | -67.1% |
| Income taxes | 67/77 | - | €1,003 | +€1,003 | |
| Profit (loss) for the period | 9904 | €12,958 | €3,255 | -€9,703 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,958 | €3,255 | -€9,703 | -74.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.