Lex.EKho: 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.EKho
Largest movements
- Receivables within one year +€2.7m
up €2.7m (+113%), from €2.4m to €5.1m
of which Trade receivables: +€2.0m
- Cash -€1.5m
down €1.5m (-67.8%), from €2.3m to €725,633
mainly Receivables within one year (-€2.7m) and Contributions, distributions and other (-€900,000)
- Other debts +€802,956
up €802,956 (+51.0%), from €1.6m to €2.4m
- Accrued charges and deferred income +€320,755
up €320,755 (+38.7%), from €828,100 to €1.1m
- Reserves +€202,199
up €202,199 (+11.9%), from €1.7m to €1.9m
of which Distributable reserves: +€202,199
- Debts after one year -€87,513
down €87,513 (-28.0%), from €312,053 to €224,540
- Short-term financial debts +€83,425
up €83,425 (+56.5%), from €147,719 to €231,144
- Gross operating margin +€1.1m
up €1.1m (+37.4%), from €2.8m to €3.9m
- Staff costs +€297,853
up €297,853 (+24.3%), from €1.2m to €1.5m
- Taxes +€134,489
up €134,489 (+50.5%), from €266,094 to €400,584
- Other operating charges +€112,150
up €112,150 (+18.3%), from €612,743 to €724,893
- Depreciation +€54,112
up €54,112 (+72.7%), from €74,453 to €128,565
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 | €5,291,418 | €6,511,428 | +€1.2m | +23.1% |
| Fixed assets | 21/28 | €628,930 | €654,506 | +€25,576 | +4.1% |
| Intangible fixed assets | 21 | €369,243 | €375,089 | +€5,846 | +1.6% |
| Tangible fixed assets | 22/27 | €259,687 | €279,417 | +€19,730 | +7.6% |
| Land and buildings | 22 | €4,069 | €3,948 | -€121 | -3.0% |
| Plant, machinery and equipment | 23 | €27,536 | €30,943 | +€3,407 | +12.4% |
| Furniture and vehicles | 24 | €84,082 | €136,526 | +€52,444 | +62.4% |
| Leasing and similar rights | 25 | €144,000 | €108,000 | -€36,000 | -25.0% |
| Current assets | 29/58 | €4,662,488 | €5,856,922 | +€1.2m | +25.6% |
| Amounts receivable within one year | 40/41 | €2,402,460 | €5,127,403 | +€2.7m | +113% |
| Trade receivables | 40 | €622,169 | €2,662,226 | +€2.0m | +328% |
| Other amounts receivable | 41 | €1,780,291 | €2,465,177 | +€684,886 | +38.5% |
| Cash at bank and in hand | 54/58 | €2,256,281 | €725,633 | -€1.5m | -67.8% |
| Deferred charges and accrued income | 490/1 | €3,748 | €3,886 | +€138 | +3.7% |
| Total equity and liabilities | 10/49 | €5,291,418 | €6,511,428 | +€1.2m | +23.1% |
| Equity | 10/15 | €1,711,133 | €1,913,332 | +€202,199 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,704,933 | €1,907,132 | +€202,199 | +11.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,500 | €112,500 | = | 0.0% |
| Distributable reserves | 133 | €1,590,573 | €1,792,772 | +€202,199 | +12.7% |
| Amounts payable | 17/49 | €3,580,285 | €4,598,096 | +€1.0m | +28.4% |
| Amounts payable after more than one year | 17 | €312,053 | €224,540 | -€87,513 | -28.0% |
| Financial debts | 170/4 | €312,053 | €224,540 | -€87,513 | -28.0% |
| Amounts payable within one year | 42/48 | €2,440,132 | €3,224,702 | +€784,569 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €36,000 | €36,000 | = | 0.0% |
| Financial debts | 43 | €147,719 | €231,144 | +€83,425 | +56.5% |
| Credit institutions | 430/8 | €147,719 | €231,144 | +€83,425 | +56.5% |
| Trade debts | 44 | €279,475 | €205,564 | -€73,911 | -26.4% |
| Suppliers | 440/4 | €279,475 | €205,564 | -€73,911 | -26.4% |
| Taxes, remuneration and social security | 45 | €402,065 | €374,164 | -€27,900 | -6.9% |
| Taxes | 450/3 | €266,949 | €203,164 | -€63,784 | -23.9% |
| Remuneration and social security | 454/9 | €135,116 | €171,000 | +€35,884 | +26.6% |
| Other amounts payable | 47/48 | €1,574,874 | €2,377,830 | +€802,956 | +51.0% |
| Accrued charges and deferred income | 492/3 | €828,100 | €1,148,855 | +€320,755 | +38.7% |
| Remuneration, social security and pensions | 62 | €1,223,451 | €1,521,304 | +€297,853 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,453 | €128,565 | +€54,112 | +72.7% |
| Other operating charges | 640/8 | €612,743 | €724,893 | +€112,150 | +18.3% |
| Gross operating margin | 9900 | €2,840,684 | €3,902,980 | +€1.1m | +37.4% |
| Operating profit (loss) | 9901 | €930,038 | €1,528,218 | +€598,180 | +64.3% |
| Financial income | 75/76B | €26,823 | €7,602 | -€19,221 | -71.7% |
| Recurring financial income | 75 | €1,784 | €5,149 | +€3,365 | +189% |
| Non-recurring financial income | 76B | €25,039 | €2,453 | -€22,586 | -90.2% |
| Financial charges | 65/66B | €13,210 | €33,037 | +€19,828 | +150% |
| Recurring financial charges | 65 | €13,210 | €24,406 | +€11,196 | +84.8% |
| Non-recurring financial charges | 66B | - | €8,631 | +€8,631 | |
| Profit (loss) for the period before taxes | 9903 | €943,651 | €1,502,782 | +€559,131 | +59.3% |
| Income taxes | 67/77 | €266,094 | €400,584 | +€134,489 | +50.5% |
| Profit (loss) for the period | 9904 | €677,557 | €1,102,199 | +€424,642 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €677,557 | €1,102,199 | +€424,642 | +62.7% |
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 27 October 2026 via checked.be.