LNR MANAGEMENT: 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.
LNR MANAGEMENT
Largest movements
- Receivables within one year +€17,527
up €17,527 (+23.7%), from €74,096 to €91,623
of which Trade receivables: +€24,862
- Tangible fixed assets -€16,046
down €16,046 (-28.5%), from €56,390 to €40,344
of which Furniture and vehicles: -€13,509
- Cash +€6,693
up €6,693 (+114%), from €5,888 to €12,581
mainly Other debts (+€41,470) and Tax, wage and social debts (+€21,986)
- Profit (loss) carried forward -€44,552
down €44,552 (-77.7%), from €57,331 to €12,779
- Other debts +€41,470
up €41,470 (+228%), from €18,226 to €59,696
- Tax, wage and social debts +€21,986
up €21,986 (+458%), from €4,797 to €26,783
of which Remuneration and social security: +€17,000
- Debts after one year -€12,356
down €12,356 (-31.1%), from €39,760 to €27,404
- Financial income +€7,877
new in 2025: €7,877
- Gross operating margin +€3,356
up €3,356 (+15.4%), from €21,806 to €25,162
- Depreciation +€2,223
up €2,223 (+14.7%), from €15,175 to €17,398
- Taxes +€1,587
up €1,587 (+393%), from €404 to €1,991
- Financial charges -€411
down €411 (-17.3%), from €2,373 to €1,962
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 | €142,406 | €149,691 | +€7,285 | +5.1% |
| Fixed assets | 21/28 | €56,390 | €40,344 | -€16,046 | -28.5% |
| Tangible fixed assets | 22/27 | €56,390 | €40,344 | -€16,046 | -28.5% |
| Plant, machinery and equipment | 23 | €5,977 | €3,440 | -€2,537 | -42.4% |
| Furniture and vehicles | 24 | €50,413 | €36,904 | -€13,509 | -26.8% |
| Current assets | 29/58 | €86,016 | €109,347 | +€23,331 | +27.1% |
| Amounts receivable within one year | 40/41 | €74,096 | €91,623 | +€17,527 | +23.7% |
| Trade receivables | 40 | €32,300 | €57,162 | +€24,862 | +77.0% |
| Other amounts receivable | 41 | €41,797 | €34,461 | -€7,335 | -17.6% |
| Cash at bank and in hand | 54/58 | €5,888 | €12,581 | +€6,693 | +114% |
| Deferred charges and accrued income | 490/1 | €6,031 | €5,143 | -€888 | -14.7% |
| Total equity and liabilities | 10/49 | €142,406 | €149,691 | +€7,285 | +5.1% |
| Equity | 10/15 | €65,391 | €20,839 | -€44,552 | -68.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,331 | €12,779 | -€44,552 | -77.7% |
| Amounts payable | 17/49 | €77,015 | €128,851 | +€51,837 | +67.3% |
| Amounts payable after more than one year | 17 | €39,760 | €27,404 | -€12,356 | -31.1% |
| Financial debts | 170/4 | €39,760 | €27,404 | -€12,356 | -31.1% |
| Amounts payable within one year | 42/48 | €37,255 | €101,448 | +€64,193 | +172% |
| Current portion of amounts payable after more than one year | 42 | €11,866 | €12,356 | +€490 | +4.1% |
| Trade debts | 44 | €2,365 | €2,613 | +€247 | +10.5% |
| Suppliers | 440/4 | €2,365 | €2,613 | +€247 | +10.5% |
| Taxes, remuneration and social security | 45 | €4,797 | €26,783 | +€21,986 | +458% |
| Taxes | 450/3 | €4,797 | €9,783 | +€4,986 | +104% |
| Remuneration and social security | 454/9 | - | €17,000 | +€17,000 | |
| Other amounts payable | 47/48 | €18,226 | €59,696 | +€41,470 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,175 | €17,398 | +€2,223 | +14.7% |
| Other operating charges | 640/8 | €1,876 | €2,239 | +€364 | +19.4% |
| Gross operating margin | 9900 | €21,806 | €25,162 | +€3,356 | +15.4% |
| Operating profit (loss) | 9901 | €4,755 | €5,524 | +€769 | +16.2% |
| Financial income | 75/76B | - | €7,877 | +€7,877 | |
| Recurring financial income | 75 | - | €7,877 | +€7,877 | |
| Financial charges | 65/66B | €2,373 | €1,962 | -€411 | -17.3% |
| Recurring financial charges | 65 | €2,373 | €1,962 | -€411 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €2,382 | €11,439 | +€9,057 | +380% |
| Income taxes | 67/77 | €404 | €1,991 | +€1,587 | +393% |
| Profit (loss) for the period | 9904 | €1,978 | €9,448 | +€7,470 | +378% |
| Profit (loss) for the period to be appropriated | 9905 | €1,978 | €9,448 | +€7,470 | +378% |
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 16 October 2026 via checked.be.