LEXECO: 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.
LEXECO
Largest movements
- Current investments +€140,000
up €140,000 (+140.0%), from €100,000 to €240,000
- Receivables within one year -€44,695
down €44,695 (-5.0%), from €894,622 to €849,927
of which Other amounts receivable: -€168,945
- Tangible fixed assets +€16,502
up €16,502 (+21.7%), from €76,158 to €92,660
- Tax, wage and social debts +€78,868
up €78,868 (+20.6%), from €383,428 to €462,296
of which Remuneration and social security: +€54,311
- Current portion of long-term debt +€39,252
up €39,252 (+195.3%), from €20,103 to €59,355
- Debts after one year +€38,475
up €38,475 (+69.5%), from €55,364 to €93,839
- Reserves -€21,200
down €21,200 (-4.3%), from €489,771 to €468,572
of which Distributable reserves: -€161,200
- Trade debts -€14,956
down €14,956 (-20.1%), from €74,335 to €59,379
- Gross operating margin +€228,077
up €228,077 (+25.9%), from €879,074 to €1.1m
- Staff costs +€203,130
up €203,130 (+33.6%), from €604,766 to €807,896
- Depreciation +€22,875
up €22,875 (+273.6%), from €8,361 to €31,235
- Write-downs +€21,701
up €21,701 (+52.4%), from €41,451 to €63,151
- Taxes -€16,918
down €16,918 (-26.1%), from €64,745 to €47,827
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 | €1,084,688 | €1,210,455 | +€125,767 | +11.6% |
| Fixed assets | 21/28 | €79,158 | €95,660 | +€16,502 | +20.8% |
| Tangible fixed assets | 22/27 | €76,158 | €92,660 | +€16,502 | +21.7% |
| Furniture and vehicles | 24 | €76,158 | €92,660 | +€16,502 | +21.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,005,530 | €1,114,795 | +€109,265 | +10.9% |
| Amounts receivable within one year | 40/41 | €894,622 | €849,927 | -€44,695 | -5.0% |
| Trade receivables | 40 | €497,668 | €621,918 | +€124,250 | +25.0% |
| Other amounts receivable | 41 | €396,954 | €228,009 | -€168,945 | -42.6% |
| Current investments | 50/53 | €100,000 | €240,000 | +€140,000 | +140.0% |
| Cash at bank and in hand | 54/58 | €5,109 | €13,520 | +€8,412 | +164.7% |
| Deferred charges and accrued income | 490/1 | €5,799 | €11,348 | +€5,549 | +95.7% |
| Total equity and liabilities | 10/49 | €1,084,688 | €1,210,455 | +€125,767 | +11.6% |
| Equity | 10/15 | €508,371 | €487,172 | -€21,200 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €489,771 | €468,572 | -€21,200 | -4.3% |
| Non-distributable reserves | 130/1 | €101,860 | €241,860 | +€140,000 | +137.4% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €100,000 | €240,000 | +€140,000 | +140.0% |
| Distributable reserves | 133 | €387,911 | €226,712 | -€161,200 | -41.6% |
| Amounts payable | 17/49 | €576,316 | €723,283 | +€146,967 | +25.5% |
| Amounts payable after more than one year | 17 | €55,364 | €93,839 | +€38,475 | +69.5% |
| Financial debts | 170/4 | €55,364 | €93,839 | +€38,475 | +69.5% |
| Amounts payable within one year | 42/48 | €520,952 | €629,444 | +€108,492 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €20,103 | €59,355 | +€39,252 | +195.3% |
| Financial debts | 43 | €43,086 | €48,414 | +€5,328 | +12.4% |
| Credit institutions | 430/8 | €43,086 | €48,414 | +€5,328 | +12.4% |
| Trade debts | 44 | €74,335 | €59,379 | -€14,956 | -20.1% |
| Suppliers | 440/4 | €74,335 | €59,379 | -€14,956 | -20.1% |
| Taxes, remuneration and social security | 45 | €383,428 | €462,296 | +€78,868 | +20.6% |
| Taxes | 450/3 | €258,778 | €283,335 | +€24,557 | +9.5% |
| Remuneration and social security | 454/9 | €124,651 | €178,961 | +€54,311 | +43.6% |
| Non-recurring operating income | 76A | €31,756 | €41,708 | +€9,952 | +31.3% |
| Remuneration, social security and pensions | 62 | €604,766 | €807,896 | +€203,130 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,361 | €31,235 | +€22,875 | +273.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,451 | €63,151 | +€21,701 | +52.4% |
| Other operating charges | 640/8 | €10,833 | €3,230 | -€7,603 | -70.2% |
| Non-recurring operating charges | 66A | €8,099 | €8,093 | -€6 | -0.1% |
| Gross operating margin | 9900 | €879,074 | €1,107,151 | +€228,077 | +25.9% |
| Operating profit (loss) | 9901 | €205,565 | €193,546 | -€12,019 | -5.8% |
| Financial income | 75/76B | €14,526 | €1,777 | -€12,750 | -87.8% |
| Recurring financial income | 75 | €14,526 | €1,777 | -€12,750 | -87.8% |
| Financial charges | 65/66B | €24,871 | €31,696 | +€6,825 | +27.4% |
| Recurring financial charges | 65 | €24,871 | €31,696 | +€6,825 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €195,221 | €163,627 | -€31,594 | -16.2% |
| Income taxes | 67/77 | €64,745 | €47,827 | -€16,918 | -26.1% |
| Profit (loss) for the period | 9904 | €130,476 | €115,800 | -€14,676 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €130,476 | €115,800 | -€14,676 | -11.2% |
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 6 October 2026 via checked.be.