LEX-SOCIALIS: 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-SOCIALIS
Largest movements
- Receivables within one year -€65,143
down €65,143 (-6.0%), from €1.1m to €1.0m
of which Trade receivables: -€70,948
- Tangible fixed assets -€50,211
down €50,211 (-10.4%), from €484,243 to €434,032
of which Furniture and vehicles: -€39,295
- Other debts +€273,069
up €273,069 (+171%), from €159,327 to €432,396
- Trade debts -€257,536
down €257,536 (-86.8%), from €296,602 to €39,066
of which Bills of exchange payable: -€248,658
- Debts after one year -€133,940
down €133,940 (-26.6%), from €502,769 to €368,829
- Profit (loss) carried forward -€117,265
down €117,265 (-6.4%), from €1.8m to €1.7m
- Tax, wage and social debts +€92,849
up €92,849 (+54.3%), from €170,987 to €263,837
of which Taxes: +€93,007
- Gross operating margin -€57,774
down €57,774 (-9.0%), from €642,468 to €584,694
- Depreciation +€21,555
up €21,555 (+75.2%), from €28,656 to €50,211
- Financial charges -€18,243
down €18,243 (-37.5%), from €48,704 to €30,461
- Taxes +€7,790
up €7,790 (+5.8%), from €135,352 to €143,141
- Other operating charges -€6,588
down €6,588 (-46.6%), from €14,146 to €7,559
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 | €3,100,518 | €2,963,625 | -€136,892 | -4.4% |
| Fixed assets | 21/28 | €1,984,243 | €1,934,032 | -€50,211 | -2.5% |
| Tangible fixed assets | 22/27 | €484,243 | €434,032 | -€50,211 | -10.4% |
| Land and buildings | 22 | €299,165 | €289,835 | -€9,330 | -3.1% |
| Plant, machinery and equipment | 23 | €7,792 | €6,206 | -€1,586 | -20.4% |
| Furniture and vehicles | 24 | €177,286 | €137,991 | -€39,295 | -22.2% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €1,116,275 | €1,029,594 | -€86,681 | -7.8% |
| Amounts receivable within one year | 40/41 | €1,077,608 | €1,012,465 | -€65,143 | -6.0% |
| Trade receivables | 40 | €1,072,460 | €1,001,513 | -€70,948 | -6.6% |
| Other amounts receivable | 41 | €5,148 | €10,952 | +€5,804 | +113% |
| Cash at bank and in hand | 54/58 | €32,792 | €15,191 | -€17,600 | -53.7% |
| Deferred charges and accrued income | 490/1 | €5,875 | €1,938 | -€3,938 | -67.0% |
| Total equity and liabilities | 10/49 | €3,100,518 | €2,963,625 | -€136,892 | -4.4% |
| Equity | 10/15 | €1,831,020 | €1,713,755 | -€117,265 | -6.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,828,520 | €1,711,255 | -€117,265 | -6.4% |
| Amounts payable | 17/49 | €1,269,497 | €1,249,870 | -€19,627 | -1.5% |
| Amounts payable after more than one year | 17 | €502,769 | €368,829 | -€133,940 | -26.6% |
| Financial debts | 170/4 | €502,769 | €368,829 | -€133,940 | -26.6% |
| Amounts payable within one year | 42/48 | €766,728 | €881,041 | +€114,313 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €138,178 | €144,110 | +€5,931 | +4.3% |
| Trade debts | 44 | €296,602 | €39,066 | -€257,536 | -86.8% |
| Suppliers | 440/4 | €11,786 | €2,908 | -€8,878 | -75.3% |
| Bills of exchange payable | 441 | €284,816 | €36,158 | -€248,658 | -87.3% |
| Advances received on contracts in progress | 46 | €1,634 | €1,634 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €170,987 | €263,837 | +€92,849 | +54.3% |
| Taxes | 450/3 | €170,830 | €263,837 | +€93,007 | +54.4% |
| Remuneration and social security | 454/9 | €157 | €0 | -€157 | -100% |
| Other amounts payable | 47/48 | €159,327 | €432,396 | +€273,069 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,656 | €50,211 | +€21,555 | +75.2% |
| Other operating charges | 640/8 | €14,146 | €7,559 | -€6,588 | -46.6% |
| Gross operating margin | 9900 | €642,468 | €584,694 | -€57,774 | -9.0% |
| Operating profit (loss) | 9901 | €599,666 | €526,925 | -€72,742 | -12.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €48,704 | €30,461 | -€18,243 | -37.5% |
| Recurring financial charges | 65 | €48,704 | €30,461 | -€18,243 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €550,962 | €496,464 | -€54,498 | -9.9% |
| Income taxes | 67/77 | €135,352 | €143,141 | +€7,790 | +5.8% |
| Profit (loss) for the period | 9904 | €415,611 | €353,323 | -€62,288 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €415,611 | €353,323 | -€62,288 | -15.0% |
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 31 October 2026 via checked.be.