Lexem: 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.
Lexem
Largest movements
- Cash +€181,972
up €181,972 (+588.5%), from €30,919 to €212,891
mainly Advances received (+€165,568) and Receivables after one year (+€150,000)
- Receivables after one year -€150,000
down €150,000 (-50.7%), from €296,000 to €146,000
- Receivables within one year +€89,257
up €89,257 (+36.4%), from €245,194 to €334,451
of which Trade receivables: +€91,989
- Intangible fixed assets -€7,500
no longer reported in 2025 (was €7,500)
- Advances received +€165,568
up €165,568 (+105.0%), from €157,620 to €323,188
- Profit (loss) carried forward -€60,471
down €60,471 (-19.9%), from €303,349 to €242,878
- Tax, wage and social debts +€43,696
up €43,696 (+654.7%), from €6,674 to €50,371
- Trade debts -€42,348
down €42,348 (-33.9%), from €124,768 to €82,420
- Gross operating margin -€51,867
down €51,867 (-33.9%), from €153,131 to €101,264
- Taxes -€16,023
down €16,023 (-46.3%), from €34,631 to €18,609
- Depreciation -€1,792
down €1,792 (-11.7%), from €15,279 to €13,487
- Other operating charges -€1,594
down €1,594 (-65.9%), from €2,418 to €824
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 | €595,825 | €703,992 | +€108,167 | +18.2% |
| Fixed assets | 21/28 | €22,857 | €9,781 | -€13,076 | -57.2% |
| Intangible fixed assets | 21 | €7,500 | - | -€7,500 | |
| Tangible fixed assets | 22/27 | €10,347 | €6,871 | -€3,476 | -33.6% |
| Plant, machinery and equipment | 23 | €2,054 | €1,224 | -€830 | -40.4% |
| Furniture and vehicles | 24 | €8,293 | €5,647 | -€2,646 | -31.9% |
| Financial fixed assets | 28 | €5,010 | €2,910 | -€2,100 | -41.9% |
| Current assets | 29/58 | €572,969 | €694,211 | +€121,242 | +21.2% |
| Amounts receivable after more than one year | 29 | €296,000 | €146,000 | -€150,000 | -50.7% |
| Other amounts receivable | 291 | €296,000 | €146,000 | -€150,000 | -50.7% |
| Amounts receivable within one year | 40/41 | €245,194 | €334,451 | +€89,257 | +36.4% |
| Trade receivables | 40 | €234,047 | €326,036 | +€91,989 | +39.3% |
| Other amounts receivable | 41 | €11,147 | €8,415 | -€2,732 | -24.5% |
| Cash at bank and in hand | 54/58 | €30,919 | €212,891 | +€181,972 | +588.5% |
| Deferred charges and accrued income | 490/1 | €856 | €869 | +€13 | +1.5% |
| Total equity and liabilities | 10/49 | €595,825 | €703,992 | +€108,167 | +18.2% |
| Equity | 10/15 | €306,349 | €245,878 | -€60,471 | -19.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,349 | €242,878 | -€60,471 | -19.9% |
| Amounts payable | 17/49 | €289,476 | €458,114 | +€168,638 | +58.3% |
| Amounts payable within one year | 42/48 | €289,476 | €458,114 | +€168,638 | +58.3% |
| Trade debts | 44 | €124,768 | €82,420 | -€42,348 | -33.9% |
| Suppliers | 440/4 | €124,768 | €82,420 | -€42,348 | -33.9% |
| Advances received on contracts in progress | 46 | €157,620 | €323,188 | +€165,568 | +105.0% |
| Taxes, remuneration and social security | 45 | €6,674 | €50,371 | +€43,696 | +654.7% |
| Taxes | 450/3 | €6,674 | €50,371 | +€43,696 | +654.7% |
| Other amounts payable | 47/48 | €414 | €2,135 | +€1,721 | +415.8% |
| Remuneration, social security and pensions | 62 | - | €280 | +€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,279 | €13,487 | -€1,792 | -11.7% |
| Other operating charges | 640/8 | €2,418 | €824 | -€1,594 | -65.9% |
| Gross operating margin | 9900 | €153,131 | €101,264 | -€51,867 | -33.9% |
| Operating profit (loss) | 9901 | €135,433 | €86,673 | -€48,761 | -36.0% |
| Financial income | 75/76B | €506 | €292 | -€214 | -42.3% |
| Recurring financial income | 75 | €506 | €292 | -€214 | -42.3% |
| Financial charges | 65/66B | €5,225 | €3,827 | -€1,398 | -26.8% |
| Recurring financial charges | 65 | €5,225 | €3,827 | -€1,398 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €130,714 | €83,138 | -€47,577 | -36.4% |
| Income taxes | 67/77 | €34,631 | €18,609 | -€16,023 | -46.3% |
| Profit (loss) for the period | 9904 | €96,083 | €64,529 | -€31,554 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,083 | €64,529 | -€31,554 | -32.8% |
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 5 October 2026 via checked.be.