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.
LEX
Largest movements
- Cash +€10,411
up €10,411 (+156.6%), from €6,646 to €17,058
mainly Net result for the year (+€10,635) and Depreciation (+€5,119)
- Tangible fixed assets -€5,119
down €5,119 (-25.4%), from €20,166 to €15,047
of which Plant, machinery and equipment: -€4,232
- Reserves +€7,597
up €7,597 (+41.5%), from €18,292 to €25,889
of which Distributable reserves: +€7,597
- Trade debts -€6,101
down €6,101 (-63.4%), from €9,618 to €3,517
- Tax, wage and social debts +€4,431
up €4,431 (+114.3%), from €3,877 to €8,308
- Debts after one year -€3,734
down €3,734 (-37.5%), from €9,954 to €6,220
- Other debts +€3,037
new in 2025: €3,037
- Gross operating margin +€11,557
up €11,557 (+79.9%), from €14,463 to €26,019
- Taxes +€3,177
up €3,177 (+85.4%), from €3,720 to €6,897
- Depreciation +€1,929
up €1,929 (+60.5%), from €3,190 to €5,119
- Financial income -€988
down €988 (-52.2%), from €1,893 to €905
- Financial charges +€527
up €527 (+40.5%), from €1,300 to €1,827
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 | €49,896 | €54,736 | +€4,840 | +9.7% |
| Fixed assets | 21/28 | €20,166 | €15,047 | -€5,119 | -25.4% |
| Tangible fixed assets | 22/27 | €20,166 | €15,047 | -€5,119 | -25.4% |
| Plant, machinery and equipment | 23 | €18,992 | €14,760 | -€4,232 | -22.3% |
| Furniture and vehicles | 24 | €1,174 | €287 | -€887 | -75.6% |
| Current assets | 29/58 | €29,730 | €39,689 | +€9,959 | +33.5% |
| Amounts receivable within one year | 40/41 | €23,083 | €22,631 | -€452 | -2.0% |
| Trade receivables | 40 | €5,673 | €6,997 | +€1,324 | +23.3% |
| Other amounts receivable | 41 | €17,410 | €15,634 | -€1,776 | -10.2% |
| Cash at bank and in hand | 54/58 | €6,646 | €17,058 | +€10,411 | +156.6% |
| Total equity and liabilities | 10/49 | €49,896 | €54,736 | +€4,840 | +9.7% |
| Equity | 10/15 | €18,292 | €25,889 | +€7,597 | +41.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €18,292 | €25,889 | +€7,597 | +41.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,292 | €25,889 | +€7,597 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,604 | €28,847 | -€2,757 | -8.7% |
| Amounts payable after more than one year | 17 | €9,954 | €6,220 | -€3,734 | -37.5% |
| Financial debts | 170/4 | €9,954 | €6,220 | -€3,734 | -37.5% |
| Amounts payable within one year | 42/48 | €21,649 | €22,202 | +€553 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €3,591 | €3,734 | +€144 | +4.0% |
| Financial debts | 43 | €4,564 | €3,605 | -€959 | -21.0% |
| Credit institutions | 430/8 | €4,564 | €3,605 | -€959 | -21.0% |
| Trade debts | 44 | €9,618 | €3,517 | -€6,101 | -63.4% |
| Suppliers | 440/4 | €9,618 | €3,517 | -€6,101 | -63.4% |
| Taxes, remuneration and social security | 45 | €3,877 | €8,308 | +€4,431 | +114.3% |
| Taxes | 450/3 | €3,877 | €8,308 | +€4,431 | +114.3% |
| Other amounts payable | 47/48 | - | €3,037 | +€3,037 | |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,190 | €5,119 | +€1,929 | +60.5% |
| Other operating charges | 640/8 | €2,960 | €2,447 | -€513 | -17.3% |
| Gross operating margin | 9900 | €14,463 | €26,019 | +€11,557 | +79.9% |
| Operating profit (loss) | 9901 | €8,312 | €18,453 | +€10,141 | +122.0% |
| Financial income | 75/76B | €1,893 | €905 | -€988 | -52.2% |
| Recurring financial income | 75 | €1,893 | €905 | -€988 | -52.2% |
| Financial charges | 65/66B | €1,300 | €1,827 | +€527 | +40.5% |
| Recurring financial charges | 65 | €1,300 | €1,827 | +€527 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €8,906 | €17,531 | +€8,626 | +96.9% |
| Income taxes | 67/77 | €3,720 | €6,897 | +€3,177 | +85.4% |
| Profit (loss) for the period | 9904 | €5,186 | €10,635 | +€5,449 | +105.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,186 | €10,635 | +€5,449 | +105.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.