LEXEL: 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.
LEXEL
Largest movements
- Current investments +€99,583
new in 2025: €99,583
- Tangible fixed assets -€25,395
down €25,395 (-21.7%), from €116,821 to €91,425
of which Furniture and vehicles: -€21,194
- Cash -€5,748
down €5,748 (-4.0%), from €143,443 to €137,694
mainly Current investments (-€99,583) and Contributions, distributions and other (-€24,473)
- Reserves +€85,307
up €85,307 (+34.6%), from €246,465 to €331,772
of which Distributable reserves: +€85,307
- Other debts +€25,046
up €25,046 (+1080.4%), from €2,318 to €27,365
- Profit (loss) carried forward -€22,613
down €22,613 (-100.0%), from €22,613 to €0
- Trade debts -€14,172
down €14,172 (-36.0%), from €39,331 to €25,158
- Tax, wage and social debts -€4,610
down €4,610 (-29.6%), from €15,561 to €10,951
of which Remuneration and social security: -€7,316
- Staff costs -€47,859
down €47,859 (-36.6%), from €130,806 to €82,947
- Depreciation +€12,986
up €12,986 (+93.8%), from €13,838 to €26,824
- Gross operating margin -€10,981
down €10,981 (-4.3%), from €254,806 to €243,825
- Taxes +€8,290
up €8,290 (+24.0%), from €34,496 to €42,786
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 | €346,875 | €414,136 | +€67,261 | +19.4% |
| Fixed assets | 21/28 | €116,821 | €91,425 | -€25,395 | -21.7% |
| Tangible fixed assets | 22/27 | €116,821 | €91,425 | -€25,395 | -21.7% |
| Plant, machinery and equipment | 23 | €14,981 | €10,780 | -€4,202 | -28.0% |
| Furniture and vehicles | 24 | €96,589 | €75,396 | -€21,194 | -21.9% |
| Other tangible fixed assets | 26 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €230,054 | €322,711 | +€92,657 | +40.3% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,690 | €4,075 | +€1,385 | +51.5% |
| Stocks | 30/36 | €2,690 | €4,075 | +€1,385 | +51.5% |
| Amounts receivable within one year | 40/41 | €55,486 | €51,918 | -€3,568 | -6.4% |
| Trade receivables | 40 | €43,641 | €51,470 | +€7,829 | +17.9% |
| Other amounts receivable | 41 | €11,845 | €448 | -€11,396 | -96.2% |
| Current investments | 50/53 | - | €99,583 | +€99,583 | |
| Cash at bank and in hand | 54/58 | €143,443 | €137,694 | -€5,748 | -4.0% |
| Deferred charges and accrued income | 490/1 | €3,436 | €4,440 | +€1,004 | +29.2% |
| Total equity and liabilities | 10/49 | €346,875 | €414,136 | +€67,261 | +19.4% |
| Equity | 10/15 | €287,670 | €350,364 | +€62,693 | +21.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €246,465 | €331,772 | +€85,307 | +34.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €246,465 | €331,772 | +€85,307 | +34.6% |
| Profit (loss) carried forward | 14 | €22,613 | €0 | -€22,613 | -100.0% |
| Amounts payable | 17/49 | €59,204 | €63,773 | +€4,568 | +7.7% |
| Amounts payable within one year | 42/48 | €57,210 | €63,474 | +€6,264 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €39,331 | €25,158 | -€14,172 | -36.0% |
| Suppliers | 440/4 | €39,331 | €25,158 | -€14,172 | -36.0% |
| Taxes, remuneration and social security | 45 | €15,561 | €10,951 | -€4,610 | -29.6% |
| Taxes | 450/3 | €591 | €3,297 | +€2,706 | +457.5% |
| Remuneration and social security | 454/9 | €14,970 | €7,653 | -€7,316 | -48.9% |
| Other amounts payable | 47/48 | €2,318 | €27,365 | +€25,046 | +1080.4% |
| Accrued charges and deferred income | 492/3 | €1,995 | €299 | -€1,696 | -85.0% |
| Non-recurring operating income | 76A | €8,666 | €0 | -€8,666 | -100.0% |
| Remuneration, social security and pensions | 62 | €130,806 | €82,947 | -€47,859 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,838 | €26,824 | +€12,986 | +93.8% |
| Other operating charges | 640/8 | €5,096 | €3,854 | -€1,242 | -24.4% |
| Gross operating margin | 9900 | €254,806 | €243,825 | -€10,981 | -4.3% |
| Operating profit (loss) | 9901 | €105,067 | €130,201 | +€25,134 | +23.9% |
| Financial income | 75/76B | €49 | €675 | +€626 | +1271.4% |
| Recurring financial income | 75 | €49 | €675 | +€626 | +1271.4% |
| Financial charges | 65/66B | €185 | €924 | +€739 | +398.7% |
| Recurring financial charges | 65 | €185 | €924 | +€739 | +398.7% |
| Profit (loss) for the period before taxes | 9903 | €104,931 | €129,952 | +€25,021 | +23.8% |
| Income taxes | 67/77 | €34,496 | €42,786 | +€8,290 | +24.0% |
| Profit (loss) for the period | 9904 | €70,434 | €87,166 | +€16,731 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,434 | €87,166 | +€16,731 | +23.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.