LNY: 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.
LNY
Largest movements
- Receivables within one year -€274,181
down €274,181 (-80.5%), from €340,783 to €66,602
of which Trade receivables: -€231,292
- Tangible fixed assets +€254,321
up €254,321 (+22.5%), from €1.1m to €1.4m
of which Land and buildings: +€247,893
- Cash +€246,829
up €246,829 (+281%), from €87,795 to €334,624
mainly Net result for the year (+€538,511) and Receivables within one year (+€274,181)
- Financial fixed assets -€163,663
down €163,663 (-5.2%), from €3.2m to €3.0m
- Reserves +€538,511
up €538,511 (+59.8%), from €901,053 to €1.4m
of which Distributable reserves: +€306,961
- Debts after one year -€278,928
down €278,928 (-10.2%), from €2.7m to €2.5m
of which Financial debts: -€278,928
- Other debts -€218,193
down €218,193 (-33.6%), from €648,443 to €430,250
- Financial income +€69,252
up €69,252 (+76,092%), from €91 to €69,343
- Taxes -€27,591
down €27,591 (-15.0%), from €184,479 to €156,888
- Gross operating margin -€18,138
down €18,138 (-2.3%), from €794,025 to €775,886
- Financial charges -€17,339
down €17,339 (-15.1%), from €114,801 to €97,462
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 | €4,742,242 | €4,802,078 | +€59,836 | +1.3% |
| Fixed assets | 21/28 | €4,294,045 | €4,384,703 | +€90,658 | +2.1% |
| Tangible fixed assets | 22/27 | €1,131,631 | €1,385,951 | +€254,321 | +22.5% |
| Land and buildings | 22 | €1,122,901 | €1,370,793 | +€247,893 | +22.1% |
| Plant, machinery and equipment | 23 | €948 | €585 | -€364 | -38.4% |
| Furniture and vehicles | 24 | €3,498 | €11,043 | +€7,544 | +216% |
| Other tangible fixed assets | 26 | €4,283 | €3,531 | -€752 | -17.6% |
| Financial fixed assets | 28 | €3,162,415 | €2,998,752 | -€163,663 | -5.2% |
| Current assets | 29/58 | €448,197 | €417,375 | -€30,821 | -6.9% |
| Amounts receivable within one year | 40/41 | €340,783 | €66,602 | -€274,181 | -80.5% |
| Trade receivables | 40 | €240,367 | €9,075 | -€231,292 | -96.2% |
| Other amounts receivable | 41 | €100,416 | €57,527 | -€42,889 | -42.7% |
| Cash at bank and in hand | 54/58 | €87,795 | €334,624 | +€246,829 | +281% |
| Deferred charges and accrued income | 490/1 | €19,619 | €16,149 | -€3,470 | -17.7% |
| Total equity and liabilities | 10/49 | €4,742,242 | €4,802,078 | +€59,836 | +1.3% |
| Equity | 10/15 | €913,453 | €1,451,964 | +€538,511 | +59.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €901,053 | €1,439,564 | +€538,511 | +59.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €465,600 | €697,150 | +€231,550 | +49.7% |
| Distributable reserves | 133 | €435,453 | €742,414 | +€306,961 | +70.5% |
| Amounts payable | 17/49 | €3,828,789 | €3,350,115 | -€478,675 | -12.5% |
| Amounts payable after more than one year | 17 | €2,747,694 | €2,468,766 | -€278,928 | -10.2% |
| Financial debts | 170/4 | €2,347,694 | €2,068,766 | -€278,928 | -11.9% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,049,294 | €852,632 | -€196,662 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €286,422 | €316,077 | +€29,656 | +10.4% |
| Trade debts | 44 | €6,961 | €13,346 | +€6,386 | +91.7% |
| Suppliers | 440/4 | €6,961 | €13,346 | +€6,386 | +91.7% |
| Taxes, remuneration and social security | 45 | €107,469 | €92,958 | -€14,511 | -13.5% |
| Taxes | 450/3 | €104,342 | €89,831 | -€14,511 | -13.9% |
| Remuneration and social security | 454/9 | €3,127 | €3,127 | = | 0.0% |
| Other amounts payable | 47/48 | €648,443 | €430,250 | -€218,193 | -33.6% |
| Accrued charges and deferred income | 492/3 | €31,800 | €28,717 | -€3,084 | -9.7% |
| Non-recurring operating income | 76A | €4,959 | €0 | -€4,959 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,816 | €42,305 | +€6,489 | +18.1% |
| Other operating charges | 640/8 | €3,283 | €10,063 | +€6,780 | +207% |
| Gross operating margin | 9900 | €794,025 | €775,886 | -€18,138 | -2.3% |
| Operating profit (loss) | 9901 | €754,926 | €723,518 | -€31,407 | -4.2% |
| Financial income | 75/76B | €91 | €69,343 | +€69,252 | +76,092% |
| Recurring financial income | 75 | €91 | €69,343 | +€69,252 | +76,092% |
| Financial charges | 65/66B | €114,801 | €97,462 | -€17,339 | -15.1% |
| Recurring financial charges | 65 | €114,801 | €97,462 | -€17,339 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €640,216 | €695,399 | +€55,183 | +8.6% |
| Income taxes | 67/77 | €184,479 | €156,888 | -€27,591 | -15.0% |
| Profit (loss) for the period | 9904 | €455,737 | €538,511 | +€82,774 | +18.2% |
| Transfer to tax-exempt reserves | 689 | €273,650 | €231,550 | -€42,100 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €182,087 | €306,961 | +€124,874 | +68.6% |
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 27 October 2026 via checked.be.