LEX Consulting: 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 Consulting
Largest movements
- Tangible fixed assets +€94,087
up €94,087 (+131%), from €71,709 to €165,796
of which Furniture and vehicles: +€63,547
- Cash -€55,063
down €55,063 (-80.0%), from €68,847 to €13,784
mainly Investment in fixed assets (net) (-€117,549) and Contributions, distributions and other (-€60,000)
- Receivables within one year -€10,836
down €10,836 (-47.1%), from €22,990 to €12,154
- Debts after one year +€38,279
up €38,279 (+43.5%), from €87,979 to €126,258
- Reserves -€34,040
down €34,040 (-52.4%), from €65,025 to €30,984
- Current portion of long-term debt +€14,104
up €14,104 (+299%), from €4,712 to €18,817
- Trade debts +€5,364
up €5,364 (+385%), from €1,394 to €6,758
- Tax, wage and social debts +€2,551
up €2,551 (+51.7%), from €4,936 to €7,487
- Depreciation +€20,671
up €20,671 (+741%), from €2,791 to €23,462
- Gross operating margin +€18,244
up €18,244 (+41.2%), from €44,248 to €62,492
- Financial charges +€1,964
up €1,964 (+55.2%), from €3,560 to €5,523
- Taxes -€980
down €980 (-12.2%), from €8,040 to €7,059
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 | €166,046 | €193,104 | +€27,058 | +16.3% |
| Fixed assets | 21/28 | €71,709 | €165,796 | +€94,087 | +131% |
| Tangible fixed assets | 22/27 | €71,709 | €165,796 | +€94,087 | +131% |
| Plant, machinery and equipment | 23 | €2,478 | €4,467 | +€1,989 | +80.3% |
| Furniture and vehicles | 24 | €1,910 | €65,457 | +€63,547 | +3,327% |
| Other tangible fixed assets | 26 | €67,321 | €95,872 | +€28,551 | +42.4% |
| Current assets | 29/58 | €94,337 | €27,308 | -€67,029 | -71.1% |
| Amounts receivable within one year | 40/41 | €22,990 | €12,154 | -€10,836 | -47.1% |
| Trade receivables | 40 | €22,990 | €12,154 | -€10,836 | -47.1% |
| Cash at bank and in hand | 54/58 | €68,847 | €13,784 | -€55,063 | -80.0% |
| Deferred charges and accrued income | 490/1 | €2,500 | €1,369 | -€1,131 | -45.2% |
| Total equity and liabilities | 10/49 | €166,046 | €193,104 | +€27,058 | +16.3% |
| Equity | 10/15 | €67,025 | €32,984 | -€34,040 | -50.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,025 | €30,984 | -€34,040 | -52.4% |
| Distributable reserves | 133 | €65,025 | €30,984 | -€34,040 | -52.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €99,022 | €160,120 | +€61,098 | +61.7% |
| Amounts payable after more than one year | 17 | €87,979 | €126,258 | +€38,279 | +43.5% |
| Financial debts | 170/4 | €87,979 | €126,258 | +€38,279 | +43.5% |
| Amounts payable within one year | 42/48 | €11,042 | €33,862 | +€22,820 | +207% |
| Current portion of amounts payable after more than one year | 42 | €4,712 | €18,817 | +€14,104 | +299% |
| Trade debts | 44 | €1,394 | €6,758 | +€5,364 | +385% |
| Suppliers | 440/4 | €1,394 | €6,758 | +€5,364 | +385% |
| Taxes, remuneration and social security | 45 | €4,936 | €7,487 | +€2,551 | +51.7% |
| Taxes | 450/3 | €4,936 | €7,487 | +€2,551 | +51.7% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,791 | €23,462 | +€20,671 | +741% |
| Other operating charges | 640/8 | €141 | €713 | +€573 | +408% |
| Gross operating margin | 9900 | €44,248 | €62,492 | +€18,244 | +41.2% |
| Operating profit (loss) | 9901 | €41,317 | €38,317 | -€3,000 | -7.3% |
| Financial income | 75/76B | - | €225 | +€225 | |
| Recurring financial income | 75 | - | €225 | +€225 | |
| Financial charges | 65/66B | €3,560 | €5,523 | +€1,964 | +55.2% |
| Recurring financial charges | 65 | €3,560 | €5,523 | +€1,964 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €37,757 | €33,019 | -€4,738 | -12.5% |
| Income taxes | 67/77 | €8,040 | €7,059 | -€980 | -12.2% |
| Profit (loss) for the period | 9904 | €29,718 | €25,960 | -€3,758 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,718 | €25,960 | -€3,758 | -12.6% |
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 19 October 2026 via checked.be.