LNN PARTNERS: 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.
LNN PARTNERS
Largest movements
- Receivables within one year +€51,995
up €51,995 (+268%), from €19,424 to €71,419
of which Trade receivables: +€52,150
- Tangible fixed assets +€23,060
up €23,060 (+54.4%), from €42,415 to €65,475
of which Other tangible fixed assets: +€25,686
- Cash -€16,124
down €16,124 (-64.9%), from €24,827 to €8,704
mainly Contributions, distributions and other (-€78,100) and Receivables within one year (-€51,995)
- Deferred charges and accrued income +€2,674
up €2,674 (+216%), from €1,240 to €3,915
- Other debts +€75,983
up €75,983 (+586%), from €12,966 to €88,949
- Profit (loss) carried forward -€45,579
down €45,579 (-100.0%), from €45,579 to €1
- Tax, wage and social debts +€28,823
up €28,823 (+137%), from €21,098 to €49,921
- Trade debts +€2,379
up €2,379 (+38.0%), from €6,263 to €8,642
- Gross operating margin -€22,651
down €22,651 (-27.6%), from €82,202 to €59,551
- Depreciation +€4,924
up €4,924 (+61.6%), from €7,996 to €12,920
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 | €87,907 | €149,512 | +€61,605 | +70.1% |
| Fixed assets | 21/28 | €42,415 | €65,475 | +€23,060 | +54.4% |
| Tangible fixed assets | 22/27 | €42,415 | €65,475 | +€23,060 | +54.4% |
| Plant, machinery and equipment | 23 | €2,057 | €1,588 | -€468 | -22.8% |
| Furniture and vehicles | 24 | €22,751 | €20,594 | -€2,157 | -9.5% |
| Other tangible fixed assets | 26 | €17,607 | €43,293 | +€25,686 | +146% |
| Current assets | 29/58 | €45,492 | €84,037 | +€38,545 | +84.7% |
| Amounts receivable within one year | 40/41 | €19,424 | €71,419 | +€51,995 | +268% |
| Trade receivables | 40 | €19,269 | €71,419 | +€52,150 | +271% |
| Other amounts receivable | 41 | €155 | €0 | -€155 | -100% |
| Cash at bank and in hand | 54/58 | €24,827 | €8,704 | -€16,124 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,240 | €3,915 | +€2,674 | +216% |
| Total equity and liabilities | 10/49 | €87,907 | €149,512 | +€61,605 | +70.1% |
| Equity | 10/15 | €47,579 | €2,001 | -€45,579 | -95.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,579 | €1 | -€45,579 | -100.0% |
| Amounts payable | 17/49 | €40,328 | €147,512 | +€107,184 | +266% |
| Amounts payable within one year | 42/48 | €40,328 | €147,512 | +€107,184 | +266% |
| Trade debts | 44 | €6,263 | €8,642 | +€2,379 | +38.0% |
| Suppliers | 440/4 | €6,263 | €8,642 | +€2,379 | +38.0% |
| Taxes, remuneration and social security | 45 | €21,098 | €49,921 | +€28,823 | +137% |
| Taxes | 450/3 | €21,098 | €49,921 | +€28,823 | +137% |
| Other amounts payable | 47/48 | €12,966 | €88,949 | +€75,983 | +586% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,996 | €12,920 | +€4,924 | +61.6% |
| Other operating charges | 640/8 | €897 | €400 | -€497 | -55.4% |
| Gross operating margin | 9900 | €82,202 | €59,551 | -€22,651 | -27.6% |
| Operating profit (loss) | 9901 | €73,310 | €46,231 | -€27,079 | -36.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €731 | €1,065 | +€334 | +45.7% |
| Recurring financial charges | 65 | €731 | €1,065 | +€334 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €72,579 | €45,166 | -€27,413 | -37.8% |
| Income taxes | 67/77 | €12,806 | €12,645 | -€161 | -1.3% |
| Profit (loss) for the period | 9904 | €59,773 | €32,521 | -€27,252 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,773 | €32,521 | -€27,252 | -45.6% |
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 15 October 2026 via checked.be.