L&X: 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.
L&X
Largest movements
- Receivables after one year +€30,000
up €30,000 (+42.9%), from €70,000 to €100,000
- Tangible fixed assets +€6,453
new in 2026: €6,453
- Cash -€5,014
no longer reported in 2026 (was €5,014)
mainly Receivables after one year (-€30,000) and Investment in fixed assets (net) (-€7,075)
- Reserves +€21,713
up €21,713 (+36.0%), from €60,367 to €82,080
- Short-term financial debts +€6,477
new in 2026: €6,477
- Other debts +€2,094
up €2,094 (+64.1%), from €3,269 to €5,364
- Tax, wage and social debts +€1,312
up €1,312 (+7.7%), from €17,116 to €18,428
of which Taxes: +€2,210
- Gross operating margin -€1,773
down €1,773 (-5.1%), from €34,448 to €32,675
- Depreciation +€422
new in 2026: €422
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,443 | €116,093 | +€32,650 | +39.1% |
| Fixed assets | 21/28 | - | €6,653 | +€6,653 | |
| Tangible fixed assets | 22/27 | - | €6,453 | +€6,453 | |
| Other tangible fixed assets | 26 | - | €6,453 | +€6,453 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €83,443 | €109,440 | +€25,997 | +31.2% |
| Amounts receivable after more than one year | 29 | €70,000 | €100,000 | +€30,000 | +42.9% |
| Other amounts receivable | 291 | €70,000 | €100,000 | +€30,000 | +42.9% |
| Amounts receivable within one year | 40/41 | €7,656 | €7,668 | +€11 | +0.1% |
| Trade receivables | 40 | €7,623 | €7,623 | = | 0.0% |
| Other amounts receivable | 41 | €33 | €45 | +€11 | +34.1% |
| Cash at bank and in hand | 54/58 | €5,014 | - | -€5,014 | |
| Deferred charges and accrued income | 490/1 | €772 | €1,772 | +€1,000 | +129.5% |
| Total equity and liabilities | 10/49 | €83,443 | €116,093 | +€32,650 | +39.1% |
| Equity | 10/15 | €62,367 | €84,080 | +€21,713 | +34.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,367 | €82,080 | +€21,713 | +36.0% |
| Distributable reserves | 133 | €60,367 | €82,080 | +€21,713 | +36.0% |
| Amounts payable | 17/49 | €21,076 | €32,013 | +€10,937 | +51.9% |
| Amounts payable within one year | 42/48 | €21,076 | €32,013 | +€10,937 | +51.9% |
| Financial debts | 43 | - | €6,477 | +€6,477 | |
| Credit institutions | 430/8 | - | €6,477 | +€6,477 | |
| Trade debts | 44 | €690 | €1,744 | +€1,054 | +152.8% |
| Suppliers | 440/4 | €690 | €1,744 | +€1,054 | +152.8% |
| Taxes, remuneration and social security | 45 | €17,116 | €18,428 | +€1,312 | +7.7% |
| Taxes | 450/3 | €16,218 | €18,428 | +€2,210 | +13.6% |
| Remuneration and social security | 454/9 | €898 | - | -€898 | |
| Other amounts payable | 47/48 | €3,269 | €5,364 | +€2,094 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €422 | +€422 | |
| Other operating charges | 640/8 | €1,127 | €918 | -€208 | -18.5% |
| Gross operating margin | 9900 | €34,448 | €32,675 | -€1,773 | -5.1% |
| Operating profit (loss) | 9901 | €33,321 | €31,334 | -€1,987 | -6.0% |
| Financial income | 75/76B | €4,378 | €4,540 | +€162 | +3.7% |
| Recurring financial income | 75 | €4,378 | €4,540 | +€162 | +3.7% |
| Financial charges | 65/66B | €173 | €309 | +€136 | +78.6% |
| Recurring financial charges | 65 | €173 | €309 | +€136 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €37,526 | €35,564 | -€1,961 | -5.2% |
| Income taxes | 67/77 | €12,185 | €12,185 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | €25,341 | €23,379 | -€1,962 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,341 | €23,379 | -€1,962 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.