LEXAM: 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.
LEXAM
Largest movements
- Receivables within one year +€173,470
up €173,470 (+47.8%), from €363,041 to €536,511
of which Trade receivables: +€336,511
- Cash +€29,566
up €29,566 (+34.5%), from €85,621 to €115,187
mainly Net result for the year (+€164,550) and Debts within one year (+€35,731)
- Equity +€164,235
up €164,235 (+67.3%), from €243,913 to €408,148
of which Reserves: +€164,235
- Debts within one year +€35,731
up €35,731 (+17.2%), from €207,319 to €243,050
of which Tax, wage and social debts: +€109,283
- Staff costs +€118,046
new in 2021: €118,046
- Gross operating margin +€70,749
up €70,749 (+25.6%), from €276,689 to €347,438
- Taxes +€6,908
up €6,908 (+13.1%), from €52,750 to €59,658
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €451,232 | €652,755 | +€201,523 | +44.7% |
| Fixed assets | 21/28 | €2,570 | €929 | -€1,641 | -63.9% |
| Intangible fixed assets | 21 | €450 | €215 | -€235 | -52.2% |
| Tangible fixed assets | 22/27 | €2,120 | €714 | -€1,406 | -66.3% |
| Furniture and vehicles | 24 | - | €714 | +€714 | |
| Current assets | 29/58 | €448,662 | €651,826 | +€203,164 | +45.3% |
| Amounts receivable within one year | 40/41 | €363,041 | €536,511 | +€173,470 | +47.8% |
| Trade receivables | 40 | - | €336,511 | +€336,511 | |
| Other amounts receivable | 41 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €85,621 | €115,187 | +€29,566 | +34.5% |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €451,232 | €652,755 | +€201,523 | +44.7% |
| Equity | 10/15 | €243,913 | €408,148 | +€164,235 | +67.3% |
| Contributions | 10/11 | - | €50,000 | +€50,000 | |
| Reserves | 13 | €193,913 | €358,148 | +€164,235 | +84.7% |
| Distributable reserves | 133 | - | €358,148 | +€358,148 | |
| Amounts payable | 17/49 | €207,319 | €244,607 | +€37,288 | +18.0% |
| Amounts payable within one year | 42/48 | €207,319 | €243,050 | +€35,731 | +17.2% |
| Trade debts | 44 | €125,711 | €133,452 | +€7,741 | +6.2% |
| Suppliers | 440/4 | - | €133,452 | +€133,452 | |
| Taxes, remuneration and social security | 45 | - | €109,283 | +€109,283 | |
| Taxes | 450/3 | - | €98,966 | +€98,966 | |
| Remuneration and social security | 454/9 | - | €10,317 | +€10,317 | |
| Other amounts payable | 47/48 | - | €315 | +€315 | |
| Accrued charges and deferred income | 492/3 | - | €1,557 | +€1,557 | |
| Remuneration, social security and pensions | 62 | - | €118,046 | +€118,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,370 | €1,640 | -€730 | -30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,691 | +€2,691 | |
| Other operating charges | 640/8 | - | €780 | +€780 | |
| Gross operating margin | 9900 | €276,689 | €347,438 | +€70,749 | +25.6% |
| Operating profit (loss) | 9901 | €209,197 | €224,281 | +€15,084 | +7.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | €7 | €2 | -€5 | -71.4% |
| Financial charges | 65/66B | - | €75 | +€75 | |
| Recurring financial charges | 65 | €464 | €75 | -€389 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | €208,740 | €224,208 | +€15,468 | +7.4% |
| Income taxes | 67/77 | €52,750 | €59,658 | +€6,908 | +13.1% |
| Profit (loss) for the period | 9904 | €155,990 | €164,550 | +€8,560 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €155,990 | €164,550 | +€8,560 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.