LEXELLENCE: 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.
LEXELLENCE
Largest movements
- Cash +€133,155
up €133,155 (+44.2%), from €301,239 to €434,394
mainly Current investments (+€92,000) and Depreciation (+€17,523)
- Current investments -€92,000
down €92,000 (-7.7%), from €1.2m to €1.1m
- Tangible fixed assets -€17,153
down €17,153 (-16.7%), from €102,471 to €85,318
of which Furniture and vehicles: -€12,932
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€88,525
down €88,525 (-94.5%), from €93,702 to €5,177
- Taxes -€21,282
down €21,282 (-76.5%), from €27,803 to €6,521
- Financial income +€2,965
up €2,965 (+10.2%), from €28,991 to €31,956
- Other operating charges -€1,976
down €1,976 (-36.2%), from €5,459 to €3,483
- Financial charges +€1,483
up €1,483 (+716%), from €207 to €1,690
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 | €1,630,704 | €1,642,481 | +€11,777 | +0.7% |
| Fixed assets | 21/28 | €102,496 | €85,343 | -€17,153 | -16.7% |
| Tangible fixed assets | 22/27 | €102,471 | €85,318 | -€17,153 | -16.7% |
| Land and buildings | 22 | €71,256 | €70,014 | -€1,242 | -1.7% |
| Furniture and vehicles | 24 | €13,248 | €316 | -€12,932 | -97.6% |
| Other tangible fixed assets | 26 | €17,967 | €14,988 | -€2,979 | -16.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,528,208 | €1,557,138 | +€28,930 | +1.9% |
| Amounts receivable within one year | 40/41 | €25,047 | €17,296 | -€7,751 | -30.9% |
| Trade receivables | 40 | €961 | - | -€961 | |
| Other amounts receivable | 41 | €24,086 | €17,296 | -€6,790 | -28.2% |
| Current investments | 50/53 | €1,192,000 | €1,100,000 | -€92,000 | -7.7% |
| Cash at bank and in hand | 54/58 | €301,239 | €434,394 | +€133,155 | +44.2% |
| Deferred charges and accrued income | 490/1 | €9,922 | €5,448 | -€4,474 | -45.1% |
| Total equity and liabilities | 10/49 | €1,630,704 | €1,642,481 | +€11,777 | +0.7% |
| Equity | 10/15 | €1,616,699 | €1,624,616 | +€7,917 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,359 | €122,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,499 | €120,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,481,940 | €1,489,857 | +€7,917 | +0.5% |
| Amounts payable | 17/49 | €14,005 | €17,865 | +€3,860 | +27.6% |
| Amounts payable within one year | 42/48 | €13,505 | €16,548 | +€3,043 | +22.5% |
| Trade debts | 44 | €4,003 | €10,028 | +€6,025 | +151% |
| Suppliers | 440/4 | €4,003 | €10,028 | +€6,025 | +151% |
| Taxes, remuneration and social security | 45 | €9,502 | €6,520 | -€2,982 | -31.4% |
| Taxes | 450/3 | €9,502 | €6,520 | -€2,982 | -31.4% |
| Accrued charges and deferred income | 492/3 | €500 | €1,317 | +€817 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,635 | €17,523 | -€112 | -0.6% |
| Other operating charges | 640/8 | €5,459 | €3,483 | -€1,976 | -36.2% |
| Gross operating margin | 9900 | €93,702 | €5,177 | -€88,525 | -94.5% |
| Operating profit (loss) | 9901 | €70,608 | -€15,829 | -€86,437 | |
| Financial income | 75/76B | €28,991 | €31,956 | +€2,965 | +10.2% |
| Recurring financial income | 75 | €28,991 | €31,956 | +€2,965 | +10.2% |
| Financial charges | 65/66B | €207 | €1,690 | +€1,483 | +716% |
| Recurring financial charges | 65 | €207 | €1,690 | +€1,483 | +716% |
| Profit (loss) for the period before taxes | 9903 | €99,392 | €14,437 | -€84,955 | -85.5% |
| Income taxes | 67/77 | €27,803 | €6,521 | -€21,282 | -76.5% |
| Profit (loss) for the period | 9904 | €71,589 | €7,916 | -€63,673 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,589 | €7,916 | -€63,673 | -88.9% |
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 15 October 2026 via checked.be.