De 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.
De Lex
Largest movements
- Receivables within one year -€16,293
down €16,293 (-29.1%), from €55,914 to €39,621
of which Other amounts receivable: -€16,499
- Stocks and contracts -€6,000
down €6,000 (-48.0%), from €12,500 to €6,500
- Trade debts -€18,667
down €18,667 (-58.9%), from €31,702 to €13,035
- Accrued charges and deferred income -€8,193
down €8,193 (-100.0%), from €8,193 to €0
- Tax, wage and social debts -€2,721
down €2,721 (-49.6%), from €5,489 to €2,768
of which Taxes: -€2,721
- Short-term financial debts +€2,452
up €2,452 (+13.1%), from €18,662 to €21,114
of which Credit institutions: +€2,318
- Profit (loss) carried forward +€2,273
up €2,273 (+7.6%), from -€30,080 to -€27,808
- Financial charges -€2,550
down €2,550 (-51.3%), from €4,968 to €2,418
- Gross operating margin +€1,435
up €1,435 (+113.0%), from €1,270 to €2,705
- Financial income -€1,081
down €1,081 (-30.2%), from €3,585 to €2,504
- Other operating charges -€801
down €801 (-100.0%), from €801 to €0
- Depreciation -€189
down €189 (-38.3%), from €494 to €305
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 | €68,836 | €46,238 | -€22,598 | -32.8% |
| Fixed assets | 21/28 | €392 | €87 | -€305 | -77.7% |
| Tangible fixed assets | 22/27 | €392 | €87 | -€305 | -77.7% |
| Plant, machinery and equipment | 23 | €392 | €87 | -€305 | -77.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €68,444 | €46,151 | -€22,293 | -32.6% |
| Stocks and contracts in progress | 3 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Stocks | 30/36 | €12,500 | €6,500 | -€6,000 | -48.0% |
| Amounts receivable within one year | 40/41 | €55,914 | €39,621 | -€16,293 | -29.1% |
| Trade receivables | 40 | €0 | €206 | +€206 | |
| Other amounts receivable | 41 | €55,914 | €39,415 | -€16,499 | -29.5% |
| Cash at bank and in hand | 54/58 | €30 | €30 | = | 0.0% |
| Total equity and liabilities | 10/49 | €68,836 | €46,238 | -€22,598 | -32.8% |
| Equity | 10/15 | -€5,735 | -€3,462 | +€2,273 | +39.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,346 | €23,346 | = | 0.0% |
| Distributable reserves | 133 | €23,346 | €23,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,080 | -€27,808 | +€2,273 | +7.6% |
| Amounts payable | 17/49 | €74,570 | €49,700 | -€24,870 | -33.4% |
| Amounts payable within one year | 42/48 | €66,377 | €49,700 | -€16,678 | -25.1% |
| Financial debts | 43 | €18,662 | €21,114 | +€2,452 | +13.1% |
| Credit institutions | 430/8 | €13,246 | €15,565 | +€2,318 | +17.5% |
| Other loans | 439 | €5,416 | €5,549 | +€133 | +2.5% |
| Trade debts | 44 | €31,702 | €13,035 | -€18,667 | -58.9% |
| Suppliers | 440/4 | €31,702 | €13,035 | -€18,667 | -58.9% |
| Taxes, remuneration and social security | 45 | €5,489 | €2,768 | -€2,721 | -49.6% |
| Taxes | 450/3 | €5,489 | €2,768 | -€2,721 | -49.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,525 | €12,783 | +€2,259 | +21.5% |
| Accrued charges and deferred income | 492/3 | €8,193 | €0 | -€8,193 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494 | €305 | -€189 | -38.3% |
| Other operating charges | 640/8 | €801 | €0 | -€801 | -100.0% |
| Gross operating margin | 9900 | €1,270 | €2,705 | +€1,435 | +113.0% |
| Operating profit (loss) | 9901 | -€25 | €2,400 | +€2,425 | |
| Financial income | 75/76B | €3,585 | €2,504 | -€1,081 | -30.2% |
| Recurring financial income | 75 | €3,585 | €2,504 | -€1,081 | -30.2% |
| Financial charges | 65/66B | €4,968 | €2,418 | -€2,550 | -51.3% |
| Recurring financial charges | 65 | €4,968 | €2,418 | -€2,550 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,407 | €2,486 | +€3,893 | |
| Income taxes | 67/77 | €218 | €214 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€1,625 | €2,273 | +€3,898 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,625 | €2,273 | +€3,898 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.