EX-Lent: 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.
EX-Lent
Largest movements
- Tangible fixed assets -€23,236
down €23,236 (-15.4%), from €151,169 to €127,933
of which Land and buildings: -€20,314
- Cash +€11,419
up €11,419 (+35.3%), from €32,305 to €43,724
mainly Depreciation (+€26,754) and Net result for the year (+€13,548)
- Debts after one year -€14,273
down €14,273 (-6.6%), from €216,162 to €201,889
of which Financial debts: -€12,273
- Current portion of long-term debt -€12,673
down €12,673 (-50.8%), from €24,946 to €12,273
- Gross operating margin +€1,888
up €1,888 (+3.4%), from €55,362 to €57,250
- Taxes +€1,426
up €1,426 (+23.2%), from €6,138 to €7,564
- Staff costs -€1,422
down €1,422 (-88.1%), from €1,615 to €192
- Depreciation -€853
down €853 (-3.1%), from €27,607 to €26,754
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 | €1,109,482 | €1,091,489 | -€17,993 | -1.6% |
| Fixed assets | 21/28 | €901,169 | €877,933 | -€23,236 | -2.6% |
| Tangible fixed assets | 22/27 | €151,169 | €127,933 | -€23,236 | -15.4% |
| Land and buildings | 22 | €132,623 | €112,309 | -€20,314 | -15.3% |
| Plant, machinery and equipment | 23 | €18,547 | €15,624 | -€2,923 | -15.8% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €208,313 | €213,556 | +€5,243 | +2.5% |
| Amounts receivable after more than one year | 29 | €33,000 | €25,378 | -€7,622 | -23.1% |
| Other amounts receivable | 291 | €33,000 | €25,378 | -€7,622 | -23.1% |
| Amounts receivable within one year | 40/41 | €13,808 | €14,654 | +€846 | +6.1% |
| Trade receivables | 40 | €8,089 | €7,409 | -€680 | -8.4% |
| Other amounts receivable | 41 | €5,719 | €7,244 | +€1,526 | +26.7% |
| Current investments | 50/53 | €129,200 | €129,800 | +€600 | +0.5% |
| Cash at bank and in hand | 54/58 | €32,305 | €43,724 | +€11,419 | +35.3% |
| Total equity and liabilities | 10/49 | €1,109,482 | €1,091,489 | -€17,993 | -1.6% |
| Equity | 10/15 | €815,959 | €829,507 | +€13,548 | +1.7% |
| Contributions | 10/11 | €768,600 | €768,600 | = | 0.0% |
| Reserves | 13 | €51,016 | €60,907 | +€9,892 | +19.4% |
| Tax-exempt reserves | 132 | €16,401 | €15,529 | -€872 | -5.3% |
| Distributable reserves | 133 | €34,615 | €45,378 | +€10,763 | +31.1% |
| Profit (loss) carried forward | 14 | -€3,657 | €0 | +€3,657 | |
| Provisions and deferred taxes | 16 | €5,413 | €5,122 | -€291 | -5.4% |
| Deferred taxes | 168 | €5,413 | €5,122 | -€291 | -5.4% |
| Amounts payable | 17/49 | €288,110 | €256,859 | -€31,250 | -10.8% |
| Amounts payable after more than one year | 17 | €216,162 | €201,889 | -€14,273 | -6.6% |
| Financial debts | 170/4 | €26,162 | €13,889 | -€12,273 | -46.9% |
| Other amounts payable | 178/9 | €190,000 | €188,000 | -€2,000 | -1.1% |
| Amounts payable within one year | 42/48 | €71,948 | €54,971 | -€16,977 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €24,946 | €12,273 | -€12,673 | -50.8% |
| Trade debts | 44 | €300 | €196 | -€104 | -34.8% |
| Suppliers | 440/4 | €300 | €196 | -€104 | -34.8% |
| Taxes, remuneration and social security | 45 | €3,270 | €333 | -€2,937 | -89.8% |
| Taxes | 450/3 | €3,220 | €333 | -€2,886 | -89.6% |
| Remuneration and social security | 454/9 | €51 | €0 | -€51 | -100% |
| Other amounts payable | 47/48 | €43,431 | €42,168 | -€1,263 | -2.9% |
| Remuneration, social security and pensions | 62 | €1,615 | €192 | -€1,422 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,607 | €26,754 | -€853 | -3.1% |
| Other operating charges | 640/8 | €7,054 | €7,271 | +€217 | +3.1% |
| Gross operating margin | 9900 | €55,362 | €57,250 | +€1,888 | +3.4% |
| Operating profit (loss) | 9901 | €19,086 | €23,033 | +€3,946 | +20.7% |
| Financial income | 75/76B | €927 | €848 | -€80 | -8.6% |
| Recurring financial income | 75 | €927 | €848 | -€80 | -8.6% |
| Financial charges | 65/66B | €2,696 | €3,059 | +€363 | +13.5% |
| Recurring financial charges | 65 | €2,696 | €3,059 | +€363 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €17,318 | €20,821 | +€3,504 | +20.2% |
| Transfer from deferred taxes | 780 | €291 | €291 | +€0 | 0.0% |
| Income taxes | 67/77 | €6,138 | €7,564 | +€1,426 | +23.2% |
| Profit (loss) for the period | 9904 | €11,470 | €13,548 | +€2,078 | +18.1% |
| Transfer from tax-exempt reserves | 789 | €872 | €872 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,342 | €14,420 | +€2,078 | +16.8% |
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 28 October 2026 via checked.be.