LRNT: 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.
LRNT
Largest movements
- Cash +€23,492
up €23,492 (+65.0%), from €36,148 to €59,639
mainly Net result for the year (+€38,168) and Tax, wage and social debts (+€2,678)
- Tangible fixed assets +€7,216
up €7,216 (+138%), from €5,235 to €12,452
of which Other tangible fixed assets: +€8,046
- Deferred charges and accrued income +€6,508
up €6,508 (+389%), from €1,672 to €8,181
- Receivables within one year +€6,204
up €6,204 (+283%), from €2,196 to €8,400
of which Other amounts receivable: +€6,204
- Reserves +€38,168
up €38,168 (+114%), from €33,621 to €71,789
- Tax, wage and social debts +€2,678
up €2,678 (+40.5%), from €6,614 to €9,293
of which Taxes: +€2,678
- Trade debts +€2,573
up €2,573 (+15,855%), from €16 to €2,590
- Gross operating margin +€27,338
up €27,338 (+102%), from €26,694 to €54,031
- Taxes +€3,796
up €3,796 (+48.6%), from €7,804 to €11,600
- Financial charges +€1,705
up €1,705 (+389%), from €438 to €2,143
- Depreciation +€930
up €930 (+109%), from €854 to €1,784
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 | €45,251 | €88,671 | +€43,420 | +96.0% |
| Fixed assets | 21/28 | €5,235 | €12,452 | +€7,216 | +138% |
| Tangible fixed assets | 22/27 | €5,235 | €12,452 | +€7,216 | +138% |
| Furniture and vehicles | 24 | €3,018 | €2,188 | -€830 | -27.5% |
| Other tangible fixed assets | 26 | €2,218 | €10,264 | +€8,046 | +363% |
| Current assets | 29/58 | €40,016 | €76,220 | +€36,204 | +90.5% |
| Amounts receivable within one year | 40/41 | €2,196 | €8,400 | +€6,204 | +283% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,196 | €8,400 | +€6,204 | +283% |
| Cash at bank and in hand | 54/58 | €36,148 | €59,639 | +€23,492 | +65.0% |
| Deferred charges and accrued income | 490/1 | €1,672 | €8,181 | +€6,508 | +389% |
| Total equity and liabilities | 10/49 | €45,251 | €88,671 | +€43,420 | +96.0% |
| Equity | 10/15 | €38,621 | €76,789 | +€38,168 | +98.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,621 | €71,789 | +€38,168 | +114% |
| Distributable reserves | 133 | €33,621 | €71,789 | +€38,168 | +114% |
| Amounts payable | 17/49 | €6,630 | €11,882 | +€5,252 | +79.2% |
| Amounts payable within one year | 42/48 | €6,630 | €11,882 | +€5,252 | +79.2% |
| Trade debts | 44 | €16 | €2,590 | +€2,573 | +15,855% |
| Suppliers | 440/4 | €16 | €2,590 | +€2,573 | +15,855% |
| Taxes, remuneration and social security | 45 | €6,614 | €9,293 | +€2,678 | +40.5% |
| Taxes | 450/3 | €6,314 | €8,993 | +€2,678 | +42.4% |
| Remuneration and social security | 454/9 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €854 | €1,784 | +€930 | +109% |
| Other operating charges | 640/8 | €111 | €336 | +€226 | +204% |
| Gross operating margin | 9900 | €26,694 | €54,031 | +€27,338 | +102% |
| Operating profit (loss) | 9901 | €25,729 | €51,911 | +€26,182 | +102% |
| Financial charges | 65/66B | €438 | €2,143 | +€1,705 | +389% |
| Recurring financial charges | 65 | €438 | €2,143 | +€1,705 | +389% |
| Profit (loss) for the period before taxes | 9903 | €25,292 | €49,768 | +€24,477 | +96.8% |
| Income taxes | 67/77 | €7,804 | €11,600 | +€3,796 | +48.6% |
| Profit (loss) for the period | 9904 | €17,487 | €38,168 | +€20,681 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €17,487 | €38,168 | +€20,681 | +118% |
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 31 October 2026 via checked.be.