Lex Comply: 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.
Lex Comply
Largest movements
- Current investments +€300,000
up €300,000 (+200%), from €150,000 to €450,000
- Cash -€169,168
down €169,168 (-37.0%), from €457,538 to €288,371
mainly Current investments (-€300,000) and Contributions, distributions and other (-€58,946)
- Receivables within one year +€32,232
up €32,232 (+10.9%), from €294,924 to €327,155
of which Trade receivables: +€35,670
- Tangible fixed assets -€22,072
down €22,072 (-8.7%), from €254,988 to €232,916
of which Land and buildings: -€20,922
- Reserves +€136,858
up €136,858 (+16.8%), from €812,416 to €949,274
of which Distributable reserves: +€136,858
- Tax, wage and social debts +€41,188
up €41,188 (+297%), from €13,858 to €55,046
of which Taxes: +€41,188
- Debts after one year -€29,937
down €29,937 (-14.8%), from €202,706 to €172,770
- Gross operating margin +€159,159
up €159,159 (+97.9%), from €162,631 to €321,790
- Taxes +€51,419
up €51,419 (+114%), from €45,099 to €96,518
- Financial charges -€4,508
down €4,508 (-40.2%), from €11,215 to €6,707
- Financial income -€3,833
down €3,833 (-28.8%), from €13,317 to €9,484
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 | €1,225,194 | €1,367,698 | +€142,504 | +11.6% |
| Fixed assets | 21/28 | €261,188 | €239,116 | -€22,072 | -8.5% |
| Tangible fixed assets | 22/27 | €254,988 | €232,916 | -€22,072 | -8.7% |
| Land and buildings | 22 | €235,082 | €214,160 | -€20,922 | -8.9% |
| Plant, machinery and equipment | 23 | €1,612 | €988 | -€624 | -38.7% |
| Furniture and vehicles | 24 | €18,294 | €17,768 | -€526 | -2.9% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €964,005 | €1,128,581 | +€164,576 | +17.1% |
| Amounts receivable after more than one year | 29 | €61,543 | €61,543 | = | 0.0% |
| Other amounts receivable | 291 | €61,543 | €61,543 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €294,924 | €327,155 | +€32,232 | +10.9% |
| Trade receivables | 40 | €279,094 | €314,764 | +€35,670 | +12.8% |
| Other amounts receivable | 41 | €15,830 | €12,391 | -€3,439 | -21.7% |
| Current investments | 50/53 | €150,000 | €450,000 | +€300,000 | +200% |
| Cash at bank and in hand | 54/58 | €457,538 | €288,371 | -€169,168 | -37.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,512 | +€1,512 | |
| Total equity and liabilities | 10/49 | €1,225,194 | €1,367,698 | +€142,504 | +11.6% |
| Equity | 10/15 | €915,051 | €1,051,909 | +€136,858 | +15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €812,416 | €949,274 | +€136,858 | +16.8% |
| Tax-exempt reserves | 132 | €18,845 | €18,845 | = | 0.0% |
| Distributable reserves | 133 | €793,571 | €930,429 | +€136,858 | +17.2% |
| Profit (loss) carried forward | 14 | €90,236 | €90,236 | = | 0.0% |
| Provisions and deferred taxes | 16 | €44,861 | €44,861 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,861 | €44,861 | = | 0.0% |
| Pensions and similar obligations | 160 | €44,861 | €44,861 | = | 0.0% |
| Amounts payable | 17/49 | €265,281 | €270,927 | +€5,646 | +2.1% |
| Amounts payable after more than one year | 17 | €202,706 | €172,770 | -€29,937 | -14.8% |
| Financial debts | 170/4 | €202,706 | €172,770 | -€29,937 | -14.8% |
| Amounts payable within one year | 42/48 | €62,575 | €98,158 | +€35,583 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €29,274 | €29,937 | +€662 | +2.3% |
| Trade debts | 44 | €19,443 | €13,175 | -€6,268 | -32.2% |
| Suppliers | 440/4 | €19,443 | €13,175 | -€6,268 | -32.2% |
| Taxes, remuneration and social security | 45 | €13,858 | €55,046 | +€41,188 | +297% |
| Taxes | 450/3 | €10,108 | €51,296 | +€41,188 | +407% |
| Remuneration and social security | 454/9 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €273 | €927 | +€654 | +240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,014 | €27,345 | +€331 | +1.2% |
| Other operating charges | 640/8 | €3,396 | €3,972 | +€576 | +17.0% |
| Gross operating margin | 9900 | €162,631 | €321,790 | +€159,159 | +97.9% |
| Operating profit (loss) | 9901 | €131,948 | €289,545 | +€157,597 | +119% |
| Financial income | 75/76B | €13,317 | €9,484 | -€3,833 | -28.8% |
| Recurring financial income | 75 | €13,317 | €9,484 | -€3,833 | -28.8% |
| Financial charges | 65/66B | €11,215 | €6,707 | -€4,508 | -40.2% |
| Recurring financial charges | 65 | €11,215 | €6,707 | -€4,508 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €134,050 | €292,322 | +€158,272 | +118% |
| Income taxes | 67/77 | €45,099 | €96,518 | +€51,419 | +114% |
| Profit (loss) for the period | 9904 | €88,951 | €195,804 | +€106,853 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €88,951 | €195,804 | +€106,853 | +120% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.