B. LEX: what changed
Two fiscal 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.
B. LEX
Largest movements
- Tangible fixed assets -€6,485
down €6,485 (-18.4%), from €35,293 to €28,808
- Cash -€4,349
down €4,349 (-21.8%), from €19,938 to €15,589
mainly Net result for the year (-€10,768) and Trade debts (-€65)
- Reserves -€10,768
down €10,768 (-46.2%), from €23,318 to €12,550
of which Distributable reserves: -€10,768
- Other operating charges -€1,693
down €1,693 (-57.5%), from €2,942 to €1,249
- Gross operating margin +€812
up €812 (+23.1%), from -€3,509 to -€2,697
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.
Cash bridge derived
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 | €55,231 | €44,398 | -€10,834 | -19.6% |
| Fixed assets | 21/28 | €35,293 | €28,808 | -€6,485 | -18.4% |
| Tangible fixed assets | 22/27 | €35,293 | €28,808 | -€6,485 | -18.4% |
| Land and buildings | 22 | €35,293 | €28,808 | -€6,485 | -18.4% |
| Current assets | 29/58 | €19,938 | €15,589 | -€4,349 | -21.8% |
| Cash at bank and in hand | 54/58 | €19,938 | €15,589 | -€4,349 | -21.8% |
| Total equity and liabilities | 10/49 | €55,231 | €44,398 | -€10,834 | -19.6% |
| Equity | 10/15 | €54,304 | €43,536 | -€10,768 | -19.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €23,318 | €12,550 | -€10,768 | -46.2% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €20,219 | €9,451 | -€10,768 | -53.3% |
| Amounts payable | 17/49 | €927 | €862 | -€65 | -7.1% |
| Amounts payable within one year | 42/48 | €927 | €862 | -€65 | -7.1% |
| Trade debts | 44 | €927 | €862 | -€65 | -7.1% |
| Suppliers | 440/4 | €927 | €862 | -€65 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,485 | €6,485 | = | 0.0% |
| Other operating charges | 640/8 | €2,942 | €1,249 | -€1,693 | -57.5% |
| Gross operating margin | 9900 | -€3,509 | -€2,697 | +€812 | +23.1% |
| Operating profit (loss) | 9901 | -€12,936 | -€10,431 | +€2,505 | +19.4% |
| Financial charges | 65/66B | €333 | €338 | +€5 | +1.4% |
| Recurring financial charges | 65 | €333 | €338 | +€5 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,269 | -€10,768 | +€2,501 | +18.8% |
| Profit (loss) for the period | 9904 | -€13,269 | -€10,768 | +€2,501 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,269 | -€10,768 | +€2,501 | +18.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.