LNero: 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.
LNero
Largest movements
- Cash -€16,194
down €16,194 (-88.7%), from €18,266 to €2,072
mainly Trade debts (-€20,977) and Receivables within one year (-€8,539)
- Receivables within one year +€8,539
up €8,539 (+31.3%), from €27,273 to €35,811
of which Other amounts receivable: +€11,488
- Tangible fixed assets -€827
down €827 (-5.8%), from €14,246 to €13,419
of which Furniture and vehicles: -€427
- Trade debts -€20,977
down €20,977 (-71.1%), from €29,512 to €8,535
- Profit (loss) carried forward +€5,978
up €5,978, from -€5,978 to €0
- Tax, wage and social debts +€4,196
up €4,196 (+47.3%), from €8,871 to €13,068
of which Taxes: +€5,496
- Reserves +€3,470
up €3,470 (+15.3%), from €22,712 to €26,182
- Short-term financial debts -€730
down €730 (-74.0%), from €987 to €257
- Gross operating margin -€11,751
down €11,751 (-37.4%), from €31,411 to €19,660
- Other operating charges -€3,806
down €3,806 (-57.6%), from €6,611 to €2,805
- Depreciation +€1,291
up €1,291 (+164%), from €786 to €2,077
- Financial charges -€318
down €318 (-53.5%), from €594 to €276
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 | €62,305 | €54,243 | -€8,063 | -12.9% |
| Fixed assets | 21/28 | €14,696 | €13,869 | -€827 | -5.6% |
| Tangible fixed assets | 22/27 | €14,246 | €13,419 | -€827 | -5.8% |
| Plant, machinery and equipment | 23 | €306 | €0 | -€306 | -100% |
| Furniture and vehicles | 24 | €922 | €495 | -€427 | -46.3% |
| Other tangible fixed assets | 26 | €13,018 | €12,924 | -€94 | -0.7% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €47,609 | €40,373 | -€7,236 | -15.2% |
| Amounts receivable within one year | 40/41 | €27,273 | €35,811 | +€8,539 | +31.3% |
| Trade receivables | 40 | €26,329 | €23,380 | -€2,950 | -11.2% |
| Other amounts receivable | 41 | €943 | €12,431 | +€11,488 | +1,218% |
| Cash at bank and in hand | 54/58 | €18,266 | €2,072 | -€16,194 | -88.7% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,490 | +€419 | +20.3% |
| Total equity and liabilities | 10/49 | €62,305 | €54,243 | -€8,063 | -12.9% |
| Equity | 10/15 | €22,935 | €32,382 | +€9,448 | +41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,712 | €26,182 | +€3,470 | +15.3% |
| Distributable reserves | 133 | €22,712 | €26,182 | +€3,470 | +15.3% |
| Profit (loss) carried forward | 14 | -€5,978 | €0 | +€5,978 | |
| Amounts payable | 17/49 | €39,371 | €21,860 | -€17,511 | -44.5% |
| Amounts payable within one year | 42/48 | €39,371 | €21,860 | -€17,511 | -44.5% |
| Financial debts | 43 | €987 | €257 | -€730 | -74.0% |
| Credit institutions | 430/8 | €987 | €257 | -€730 | -74.0% |
| Trade debts | 44 | €29,512 | €8,535 | -€20,977 | -71.1% |
| Suppliers | 440/4 | €29,512 | €8,535 | -€20,977 | -71.1% |
| Taxes, remuneration and social security | 45 | €8,871 | €13,068 | +€4,196 | +47.3% |
| Taxes | 450/3 | €7,571 | €13,068 | +€5,496 | +72.6% |
| Remuneration and social security | 454/9 | €1,300 | €0 | -€1,300 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €2,077 | +€1,291 | +164% |
| Other operating charges | 640/8 | €6,611 | €2,805 | -€3,806 | -57.6% |
| Gross operating margin | 9900 | €31,411 | €19,660 | -€11,751 | -37.4% |
| Operating profit (loss) | 9901 | €24,014 | €14,778 | -€9,236 | -38.5% |
| Financial income | 75/76B | €4 | €1 | -€4 | -84.0% |
| Recurring financial income | 75 | €4 | €1 | -€4 | -84.0% |
| Financial charges | 65/66B | €594 | €276 | -€318 | -53.5% |
| Recurring financial charges | 65 | €594 | €276 | -€318 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €23,424 | €14,502 | -€8,921 | -38.1% |
| Income taxes | 67/77 | €4,898 | €5,055 | +€156 | +3.2% |
| Profit (loss) for the period | 9904 | €18,525 | €9,448 | -€9,077 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,525 | €9,448 | -€9,077 | -49.0% |
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 17 October 2026 via checked.be.