Sven Lenaerts: 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.
Sven Lenaerts
Largest movements
- Cash +€9,384
up €9,384 (+7.3%), from €129,047 to €138,430
mainly Other debts (+€122,670) and Receivables within one year (+€1,731)
- Receivables within one year -€1,731
no longer reported in 2025 (was €1,731)
- Other debts +€122,670
up €122,670 (+5,898%), from €2,080 to €124,750
- Reserves -€114,882
down €114,882 (-92.7%), from €123,899 to €9,017
- Financial income -€1,991
down €1,991 (-55.2%), from €3,609 to €1,618
- Gross operating margin +€1,464
up €1,464 (+87.4%), from -€1,674 to -€210
- Other operating charges +€799
new in 2025: €799
- Depreciation -€379
down €379 (-55.1%), from €687 to €309
- Taxes -€182
down €182 (-80.8%), from €224 to €43
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 | €131,690 | €139,035 | +€7,345 | +5.6% |
| Fixed assets | 21/28 | €913 | €605 | -€309 | -33.8% |
| Tangible fixed assets | 22/27 | €913 | €605 | -€309 | -33.8% |
| Furniture and vehicles | 24 | €913 | €605 | -€309 | -33.8% |
| Current assets | 29/58 | €130,777 | €138,430 | +€7,653 | +5.9% |
| Amounts receivable within one year | 40/41 | €1,731 | - | -€1,731 | |
| Other amounts receivable | 41 | €1,731 | - | -€1,731 | |
| Cash at bank and in hand | 54/58 | €129,047 | €138,430 | +€9,384 | +7.3% |
| Total equity and liabilities | 10/49 | €131,690 | €139,035 | +€7,345 | +5.6% |
| Equity | 10/15 | €128,899 | €14,017 | -€114,882 | -89.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,899 | €9,017 | -€114,882 | -92.7% |
| Distributable reserves | 133 | €123,899 | €9,017 | -€114,882 | -92.7% |
| Amounts payable | 17/49 | €2,791 | €125,018 | +€122,226 | +4,379% |
| Amounts payable within one year | 42/48 | €2,791 | €125,018 | +€122,226 | +4,379% |
| Trade debts | 44 | €487 | - | -€487 | |
| Suppliers | 440/4 | €487 | - | -€487 | |
| Taxes, remuneration and social security | 45 | €224 | €267 | +€43 | +19.2% |
| Taxes | 450/3 | €224 | €267 | +€43 | +19.2% |
| Other amounts payable | 47/48 | €2,080 | €124,750 | +€122,670 | +5,898% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €309 | -€379 | -55.1% |
| Other operating charges | 640/8 | - | €799 | +€799 | |
| Gross operating margin | 9900 | -€1,674 | -€210 | +€1,464 | +87.4% |
| Operating profit (loss) | 9901 | -€2,361 | -€1,318 | +€1,044 | +44.2% |
| Financial income | 75/76B | €3,609 | €1,618 | -€1,991 | -55.2% |
| Recurring financial income | 75 | €3,609 | €1,618 | -€1,991 | -55.2% |
| Financial charges | 65/66B | €126 | €139 | +€14 | +10.7% |
| Recurring financial charges | 65 | €126 | €139 | +€14 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €1,122 | €161 | -€961 | -85.6% |
| Income taxes | 67/77 | €224 | €43 | -€182 | -80.8% |
| Profit (loss) for the period | 9904 | €898 | €118 | -€780 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €898 | €118 | -€780 | -86.8% |
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.