A. LEX IMMO: 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.
A. LEX IMMO
Largest movements
- Tangible fixed assets -€22,739
down €22,739 (-3.2%), from €711,004 to €688,265
- Receivables within one year -€21,536
down €21,536 (-42.4%), from €50,851 to €29,316
of which Trade receivables: -€33,346
- Cash -€16,743
down €16,743 (-66.9%), from €25,042 to €8,299
mainly Other debts (-€73,494) and Debts after one year (-€26,531)
- Other debts -€73,494
down €73,494 (-100%), from €73,494 to €0
- Tax, wage and social debts +€34,860
up €34,860 (+205%), from €16,996 to €51,857
of which Taxes: +€34,860
- Debts after one year -€26,531
down €26,531 (-4.0%), from €667,186 to €640,655
of which Financial debts: -€26,531
- Gross operating margin -€7,517
down €7,517 (-13.8%), from €54,465 to €46,948
- Financial income -€2,790
down €2,790 (-90.6%), from €3,079 to €289
- Taxes -€2,457
down €2,457 (-100%), from €2,457 to €0
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 | €787,089 | €726,076 | -€61,013 | -7.8% |
| Fixed assets | 21/28 | €711,004 | €688,265 | -€22,739 | -3.2% |
| Tangible fixed assets | 22/27 | €711,004 | €688,265 | -€22,739 | -3.2% |
| Land and buildings | 22 | €711,004 | €688,265 | -€22,739 | -3.2% |
| Current assets | 29/58 | €76,085 | €37,811 | -€38,275 | -50.3% |
| Amounts receivable within one year | 40/41 | €50,851 | €29,316 | -€21,536 | -42.4% |
| Trade receivables | 40 | €44,933 | €11,587 | -€33,346 | -74.2% |
| Other amounts receivable | 41 | €5,918 | €17,729 | +€11,811 | +200% |
| Cash at bank and in hand | 54/58 | €25,042 | €8,299 | -€16,743 | -66.9% |
| Deferred charges and accrued income | 490/1 | €192 | €196 | +€4 | +1.9% |
| Total equity and liabilities | 10/49 | €787,089 | €726,076 | -€61,013 | -7.8% |
| Equity | 10/15 | €159 | €165 | +€6 | +3.7% |
| Contributions | 10/11 | €159 | €159 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €6 | +€6 | |
| Amounts payable | 17/49 | €786,931 | €725,912 | -€61,019 | -7.8% |
| Amounts payable after more than one year | 17 | €667,186 | €640,655 | -€26,531 | -4.0% |
| Financial debts | 170/4 | €567,186 | €540,655 | -€26,531 | -4.7% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,745 | €85,256 | -€34,489 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €25,792 | €26,531 | +€739 | +2.9% |
| Trade debts | 44 | €3,463 | €6,869 | +€3,406 | +98.4% |
| Suppliers | 440/4 | €3,463 | €6,869 | +€3,406 | +98.4% |
| Taxes, remuneration and social security | 45 | €16,996 | €51,857 | +€34,860 | +205% |
| Taxes | 450/3 | €16,996 | €51,857 | +€34,860 | +205% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €73,494 | €0 | -€73,494 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,729 | €22,739 | +€9 | 0.0% |
| Other operating charges | 640/8 | €6,263 | €6,052 | -€212 | -3.4% |
| Gross operating margin | 9900 | €54,465 | €46,948 | -€7,517 | -13.8% |
| Operating profit (loss) | 9901 | €25,473 | €18,158 | -€7,315 | -28.7% |
| Financial income | 75/76B | €3,079 | €289 | -€2,790 | -90.6% |
| Recurring financial income | 75 | €3,079 | €289 | -€2,790 | -90.6% |
| Financial charges | 65/66B | €18,722 | €18,441 | -€281 | -1.5% |
| Recurring financial charges | 65 | €18,722 | €18,441 | -€281 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €9,830 | €6 | -€9,824 | -99.9% |
| Income taxes | 67/77 | €2,457 | €0 | -€2,457 | -100% |
| Profit (loss) for the period | 9904 | €7,372 | €6 | -€7,366 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,372 | €6 | -€7,366 | -99.9% |
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.