Lex23: what changed
Two fiscal 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.
Lex23
Largest movements
- Receivables within one year +€63,389
up €63,389 (+29.0%), from €218,381 to €281,770
- Cash +€18,219
up €18,219 (+35.2%), from €51,715 to €69,934
mainly Net result for the year (+€77,101) and Depreciation (+€40,193)
- Tangible fixed assets -€11,093
down €11,093 (-8.6%), from €129,028 to €117,935
of which Land and buildings: -€11,316
- Reserves +€77,101
up €77,101 (+19.2%), from €400,667 to €477,768
of which Distributable reserves: +€77,101
- Debts after one year -€11,068
down €11,068 (-13.5%), from €81,785 to €70,717
- Gross operating margin -€27,618
down €27,618 (-16.4%), from €168,171 to €140,553
- Depreciation +€11,940
up €11,940 (+42.3%), from €28,254 to €40,193
- Taxes -€11,069
down €11,069 (-20.8%), from €53,172 to €42,103
- Financial income +€4,203
up €4,203 (+17.8%), from €23,646 to €27,849
- Other operating charges +€2,273
up €2,273 (+88.5%), from €2,570 to €4,843
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.
Cash bridge derived
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 | €905,094 | €975,609 | +€70,515 | +7.8% |
| Fixed assets | 21/28 | €134,998 | €123,905 | -€11,093 | -8.2% |
| Tangible fixed assets | 22/27 | €129,028 | €117,935 | -€11,093 | -8.6% |
| Land and buildings | 22 | €86,675 | €75,359 | -€11,316 | -13.1% |
| Plant, machinery and equipment | 23 | €0 | €10,000 | +€10,000 | |
| Furniture and vehicles | 24 | €2,065 | €905 | -€1,160 | -56.2% |
| Other tangible fixed assets | 26 | €40,288 | €31,670 | -€8,617 | -21.4% |
| Financial fixed assets | 28 | €5,970 | €5,970 | = | 0.0% |
| Current assets | 29/58 | €770,096 | €851,704 | +€81,608 | +10.6% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Trade receivables | 290 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €218,381 | €281,770 | +€63,389 | +29.0% |
| Other amounts receivable | 41 | €218,381 | €281,770 | +€63,389 | +29.0% |
| Cash at bank and in hand | 54/58 | €51,715 | €69,934 | +€18,219 | +35.2% |
| Total equity and liabilities | 10/49 | €905,094 | €975,609 | +€70,515 | +7.8% |
| Equity | 10/15 | €720,657 | €797,758 | +€77,101 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €400,667 | €477,768 | +€77,101 | +19.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €398,807 | €475,908 | +€77,101 | +19.3% |
| Profit (loss) carried forward | 14 | €313,791 | €313,791 | = | 0.0% |
| Amounts payable | 17/49 | €184,437 | €177,850 | -€6,586 | -3.6% |
| Amounts payable after more than one year | 17 | €81,785 | €70,717 | -€11,068 | -13.5% |
| Financial debts | 170/4 | €81,785 | €70,717 | -€11,068 | -13.5% |
| Amounts payable within one year | 42/48 | €102,651 | €107,133 | +€4,482 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €10,587 | €11,058 | +€472 | +4.5% |
| Taxes, remuneration and social security | 45 | €92,064 | €96,075 | +€4,010 | +4.4% |
| Taxes | 450/3 | €92,064 | €96,075 | +€4,010 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,254 | €40,193 | +€11,940 | +42.3% |
| Other operating charges | 640/8 | €2,570 | €4,843 | +€2,273 | +88.5% |
| Gross operating margin | 9900 | €168,171 | €140,553 | -€27,618 | -16.4% |
| Operating profit (loss) | 9901 | €137,348 | €95,517 | -€41,831 | -30.5% |
| Financial income | 75/76B | €23,646 | €27,849 | +€4,203 | +17.8% |
| Recurring financial income | 75 | €23,646 | €27,849 | +€4,203 | +17.8% |
| Financial charges | 65/66B | €4,591 | €4,163 | -€428 | -9.3% |
| Recurring financial charges | 65 | €4,591 | €4,163 | -€428 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €156,403 | €119,203 | -€37,200 | -23.8% |
| Income taxes | 67/77 | €53,172 | €42,103 | -€11,069 | -20.8% |
| Profit (loss) for the period | 9904 | €103,231 | €77,101 | -€26,130 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,231 | €77,101 | -€26,130 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.