Lex'In: 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.
What changed
Lex'In
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€46,310
2024 · €35,193+€11,117
Equity
€166,486
2024 · €123,867+€42,619
Cash
€16,530
2024 · €19,355-€2,825
Balance sheet total
€588,660
2024 · €593,865-€5,205
Largest movements
Assets
- Tangible fixed assets -€13,645
down €13,645 (-4.2%), from €325,755 to €312,110
of which Land and buildings: -€12,938
- Current investments +€10,242
new in 2025: €10,242
Equity and liabilities
- Debts after one year -€52,365
down €52,365 (-12.4%), from €422,676 to €370,311
of which Financial debts: -€30,521
- Reserves +€42,619
up €42,619 (+34.5%), from €123,681 to €166,300
Income statement
- Gross operating margin +€19,444
up €19,444 (+28.1%), from €69,143 to €88,587
- Taxes +€6,286
up €6,286 (+51.0%), from €12,328 to €18,614
- Financial charges +€1,177
up €1,177 (+14.7%), from €8,033 to €9,210
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.
Result 2024
€35,193
Gross operating margin
+€19,444
Depreciation
-€850
Other operating charges
-€66
Financial income
+€51
Financial charges
-€1,177
Taxes
-€6,286
Result 2025
€46,310
raises the resultlowers the result
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.
From operations
+€63,465
Investment
-€10,604
Financing
-€55,687
Cash 2024
€19,355
From operations (derived)
+€63,465
Net result for the year
+€46,310
Depreciation
+€14,007
Receivables within one year
-€128
Deferred charges and accrued income
-€896
Trade debts
+€1,164
Tax, wage and social debts
-€1,927
Other debts
+€4,534
Accrued charges and deferred income
+€400
Investment (derived)
-€10,604
Investment in fixed assets (net)
-€362
Current investments
-€10,242
Financing
-€55,687
Debts after one year
-€52,365
Current portion of long-term debt
+€369
Contributions, distributions and other
-€3,691
Cash 2025
€16,530
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,865 | €588,660 | -€5,205 | -0.9% |
| Fixed assets | 21/28 | €530,667 | €517,022 | -€13,645 | -2.6% |
| Tangible fixed assets | 22/27 | €325,755 | €312,110 | -€13,645 | -4.2% |
| Land and buildings | 22 | €322,362 | €309,424 | -€12,938 | -4.0% |
| Plant, machinery and equipment | 23 | €3,393 | €2,685 | -€707 | -20.8% |
| Financial fixed assets | 28 | €204,912 | €204,912 | = | 0.0% |
| Current assets | 29/58 | €63,199 | €71,638 | +€8,440 | +13.4% |
| Amounts receivable within one year | 40/41 | €41,188 | €41,315 | +€128 | +0.3% |
| Trade receivables | 40 | €40,165 | €39,905 | -€260 | -0.6% |
| Other amounts receivable | 41 | €1,022 | €1,410 | +€387 | +37.9% |
| Current investments | 50/53 | - | €10,242 | +€10,242 | |
| Cash at bank and in hand | 54/58 | €19,355 | €16,530 | -€2,825 | -14.6% |
| Deferred charges and accrued income | 490/1 | €2,656 | €3,551 | +€896 | +33.7% |
| Total equity and liabilities | 10/49 | €593,865 | €588,660 | -€5,205 | -0.9% |
| Equity | 10/15 | €123,867 | €166,486 | +€42,619 | +34.4% |
| Contributions | 10/11 | €186 | €186 | = | 0.0% |
| Reserves | 13 | €123,681 | €166,300 | +€42,619 | +34.5% |
| Distributable reserves | 133 | €123,681 | €166,300 | +€42,619 | +34.5% |
| Amounts payable | 17/49 | €469,998 | €422,174 | -€47,824 | -10.2% |
| Amounts payable after more than one year | 17 | €422,676 | €370,311 | -€52,365 | -12.4% |
| Financial debts | 170/4 | €400,832 | €370,311 | -€30,521 | -7.6% |
| Other amounts payable | 178/9 | €21,844 | - | -€21,844 | |
| Amounts payable within one year | 42/48 | €47,130 | €51,270 | +€4,141 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €30,152 | €30,521 | +€369 | +1.2% |
| Trade debts | 44 | €2,189 | €3,354 | +€1,164 | +53.2% |
| Suppliers | 440/4 | €2,189 | €3,354 | +€1,164 | +53.2% |
| Taxes, remuneration and social security | 45 | €13,100 | €11,173 | -€1,927 | -14.7% |
| Taxes | 450/3 | €13,100 | €11,173 | -€1,927 | -14.7% |
| Other amounts payable | 47/48 | €1,688 | €6,222 | +€4,534 | +269% |
| Accrued charges and deferred income | 492/3 | €192 | €592 | +€400 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,157 | €14,007 | +€850 | +6.5% |
| Other operating charges | 640/8 | €502 | €568 | +€66 | +13.0% |
| Gross operating margin | 9900 | €69,143 | €88,587 | +€19,444 | +28.1% |
| Operating profit (loss) | 9901 | €55,484 | €74,012 | +€18,528 | +33.4% |
| Financial income | 75/76B | €70 | €121 | +€51 | +73.6% |
| Recurring financial income | 75 | €70 | €121 | +€51 | +73.6% |
| Financial charges | 65/66B | €8,033 | €9,210 | +€1,177 | +14.7% |
| Recurring financial charges | 65 | €8,033 | €9,210 | +€1,177 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €47,521 | €64,924 | +€17,402 | +36.6% |
| Income taxes | 67/77 | €12,328 | €18,614 | +€6,286 | +51.0% |
| Profit (loss) for the period | 9904 | €35,193 | €46,310 | +€11,117 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,193 | €46,310 | +€11,117 | +31.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.