D.G. LEX: 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.
D.G. LEX
Largest movements
- Cash +€78,251
up €78,251 (+18.9%), from €414,569 to €492,820
mainly Net result for the year (+€124,113) and Other debts (+€73,289)
- Tangible fixed assets -€10,091
down €10,091 (-8.0%), from €126,747 to €116,657
of which Land and buildings: -€9,049
- Other debts +€73,289
up €73,289 (+67.9%), from €107,907 to €181,196
- Reserves -€54,141
down €54,141 (-20.0%), from €271,241 to €217,100
of which Distributable reserves: -€54,141
- Short-term financial debts +€33,006
up €33,006 (+194%), from €17,041 to €50,047
- Tax, wage and social debts +€23,779
up €23,779 (+57.8%), from €41,152 to €64,931
of which Taxes: +€23,527
- Accrued charges and deferred income -€10,000
down €10,000 (-100%), from €10,000 to €0
- Gross operating margin +€55,902
up €55,902 (+19.5%), from €286,579 to €342,481
- Other operating charges +€36,851
up €36,851 (+514%), from €7,166 to €44,016
- Taxes +€29,569
up €29,569 (+64.9%), from €45,592 to €75,162
- Financial income -€5,769
down €5,769 (-98.0%), from €5,889 to €120
- Staff costs +€3,781
up €3,781 (+5.6%), from €67,665 to €71,447
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 | €557,647 | €622,979 | +€65,332 | +11.7% |
| Fixed assets | 21/28 | €126,747 | €116,657 | -€10,091 | -8.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €126,747 | €116,657 | -€10,091 | -8.0% |
| Land and buildings | 22 | €115,189 | €106,140 | -€9,049 | -7.9% |
| Plant, machinery and equipment | 23 | €2,888 | €1,444 | -€1,444 | -50.0% |
| Furniture and vehicles | 24 | €8,670 | €9,072 | +€403 | +4.6% |
| Current assets | 29/58 | €430,900 | €506,323 | +€75,423 | +17.5% |
| Amounts receivable within one year | 40/41 | €14,580 | €13,025 | -€1,555 | -10.7% |
| Trade receivables | 40 | €13,416 | €8,201 | -€5,216 | -38.9% |
| Other amounts receivable | 41 | €1,163 | €4,824 | +€3,661 | +315% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €414,569 | €492,820 | +€78,251 | +18.9% |
| Deferred charges and accrued income | 490/1 | €1,751 | €478 | -€1,273 | -72.7% |
| Total equity and liabilities | 10/49 | €557,647 | €622,979 | +€65,332 | +11.7% |
| Equity | 10/15 | €283,641 | €229,500 | -€54,141 | -19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €271,241 | €217,100 | -€54,141 | -20.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,722 | €46,722 | = | 0.0% |
| Distributable reserves | 133 | €222,659 | €168,518 | -€54,141 | -24.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €274,006 | €393,479 | +€119,473 | +43.6% |
| Amounts payable after more than one year | 17 | €85,151 | €75,892 | -€9,259 | -10.9% |
| Financial debts | 170/4 | €82,851 | €73,592 | -€9,259 | -11.2% |
| Other amounts payable | 178/9 | €2,300 | €2,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,855 | €317,587 | +€138,732 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €9,031 | €9,259 | +€229 | +2.5% |
| Financial debts | 43 | €17,041 | €50,047 | +€33,006 | +194% |
| Credit institutions | 430/8 | €17,041 | €50,047 | +€33,006 | +194% |
| Trade debts | 44 | €3,724 | €12,154 | +€8,430 | +226% |
| Suppliers | 440/4 | €3,724 | €12,154 | +€8,430 | +226% |
| Taxes, remuneration and social security | 45 | €41,152 | €64,931 | +€23,779 | +57.8% |
| Taxes | 450/3 | €29,263 | €52,791 | +€23,527 | +80.4% |
| Remuneration and social security | 454/9 | €11,889 | €12,140 | +€251 | +2.1% |
| Other amounts payable | 47/48 | €107,907 | €181,196 | +€73,289 | +67.9% |
| Accrued charges and deferred income | 492/3 | €10,000 | €0 | -€10,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,665 | €71,447 | +€3,781 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,454 | €21,676 | +€1,222 | +6.0% |
| Other operating charges | 640/8 | €7,166 | €44,016 | +€36,851 | +514% |
| Gross operating margin | 9900 | €286,579 | €342,481 | +€55,902 | +19.5% |
| Operating profit (loss) | 9901 | €191,295 | €205,343 | +€14,048 | +7.3% |
| Financial income | 75/76B | €5,889 | €120 | -€5,769 | -98.0% |
| Recurring financial income | 75 | €5,889 | €120 | -€5,769 | -98.0% |
| Financial charges | 65/66B | €8,150 | €6,188 | -€1,962 | -24.1% |
| Recurring financial charges | 65 | €8,150 | €6,188 | -€1,962 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €189,034 | €199,275 | +€10,241 | +5.4% |
| Income taxes | 67/77 | €45,592 | €75,162 | +€29,569 | +64.9% |
| Profit (loss) for the period | 9904 | €143,442 | €124,113 | -€19,328 | -13.5% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €101,342 | €124,113 | +€22,772 | +22.5% |
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 15 October 2026 via checked.be.