LEXER: 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.
What changed
LEXER
NACE 46.820, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,582
2024 · €3,805+€18,777
Equity
€3.1m
2024 · €3.1m+€682
Cash
€157,173
2024 · €77,286+€79,887
Balance sheet total
€9.1m
2024 · €8.9m+€148,446
Largest movements
Assets
- Stocks and contracts +€597,199
up €597,199 (+18.6%), from €3.2m to €3.8m
of which Stocks: +€608,083
- Tangible fixed assets -€442,687
down €442,687 (-11.9%), from €3.7m to €3.3m
- Receivables within one year -€93,997
down €93,997 (-4.9%), from €1.9m to €1.8m
of which Trade receivables: -€82,567
Equity and liabilities
- Short-term financial debts +€163,843
up €163,843 (+4.7%), from €3.5m to €3.7m
of which Credit institutions: +€100,000
- Debts after one year -€96,251
down €96,251 (-8.0%), from €1.2m to €1.1m
Income statement
- Depreciation -€52,417
down €52,417 (-8.2%), from €639,588 to €587,172
- Gross operating margin -€23,333
down €23,333 (-1.3%), from €1.8m to €1.8m
- Write-downs -€22,332
new in 2025: -€22,332
- Other operating charges +€21,016
up €21,016 (+49.4%), from €42,526 to €63,542
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.
Result 2024
€3,805
Gross operating margin
-€23,333
Staff costs
+€816
Depreciation
+€52,417
Write-downs
+€22,332
Other operating charges
-€21,016
Financial income
-€12,444
Financial charges
+€6
Result 2025
€22,582
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.
From operations
+€174,872
Investment
-€142,565
Financing
+€47,580
Cash 2024
€77,286
From operations (derived)
+€174,872
Net result for the year
+€22,582
Depreciation
+€587,172
Stocks and contracts
-€597,199
Receivables within one year
+€93,997
Deferred charges and accrued income
-€9,964
Trade debts
-€18,661
Tax, wage and social debts
+€10,945
Other debts
+€83,063
Accrued charges and deferred income
+€2,937
Investment (derived)
-€142,565
Investment in fixed assets (net)
-€142,565
Financing
+€47,580
Debts after one year
-€96,251
Current portion of long-term debt
+€1,887
Short-term financial debts
+€163,843
Contributions, distributions and other
-€21,900
Cash 2025
€157,173
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,946,870 | €9,095,316 | +€148,446 | +1.7% |
| Fixed assets | 21/28 | €3,717,598 | €3,272,991 | -€444,607 | -12.0% |
| Intangible fixed assets | 21 | €6,208 | €4,288 | -€1,920 | -30.9% |
| Tangible fixed assets | 22/27 | €3,710,891 | €3,268,205 | -€442,687 | -11.9% |
| Land and buildings | 22 | €2,303,667 | €2,199,675 | -€103,993 | -4.5% |
| Plant, machinery and equipment | 23 | €1,015,406 | €832,134 | -€183,272 | -18.0% |
| Furniture and vehicles | 24 | €391,818 | €236,396 | -€155,422 | -39.7% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Current assets | 29/58 | €5,229,273 | €5,822,325 | +€593,052 | +11.3% |
| Stocks and contracts in progress | 3 | €3,213,142 | €3,810,340 | +€597,199 | +18.6% |
| Stocks | 30/36 | €3,129,333 | €3,737,416 | +€608,083 | +19.4% |
| Contracts in progress | 37 | €83,809 | €72,924 | -€10,884 | -13.0% |
| Amounts receivable within one year | 40/41 | €1,926,701 | €1,832,705 | -€93,997 | -4.9% |
| Trade receivables | 40 | €1,903,610 | €1,821,042 | -€82,567 | -4.3% |
| Other amounts receivable | 41 | €23,092 | €11,662 | -€11,429 | -49.5% |
| Cash at bank and in hand | 54/58 | €77,286 | €157,173 | +€79,887 | +103.4% |
| Deferred charges and accrued income | 490/1 | €12,144 | €22,107 | +€9,964 | +82.0% |
| Total equity and liabilities | 10/49 | €8,946,870 | €9,095,316 | +€148,446 | +1.7% |
| Equity | 10/15 | €3,084,063 | €3,084,745 | +€682 | 0.0% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,387,039 | €2,409,621 | +€22,582 | +0.9% |
| Investment grants | 15 | €147,024 | €125,125 | -€21,900 | -14.9% |
| Amounts payable | 17/49 | €5,862,807 | €6,010,571 | +€147,764 | +2.5% |
| Amounts payable after more than one year | 17 | €1,200,947 | €1,104,696 | -€96,251 | -8.0% |
| Financial debts | 170/4 | €1,200,947 | €1,104,696 | -€96,251 | -8.0% |
| Amounts payable within one year | 42/48 | €4,654,118 | €4,895,195 | +€241,077 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €94,364 | €96,251 | +€1,887 | +2.0% |
| Financial debts | 43 | €3,491,900 | €3,655,743 | +€163,843 | +4.7% |
| Credit institutions | 430/8 | €299,000 | €399,000 | +€100,000 | +33.4% |
| Other loans | 439 | €3,192,900 | €3,256,743 | +€63,843 | +2.0% |
| Trade debts | 44 | €153,276 | €134,615 | -€18,661 | -12.2% |
| Suppliers | 440/4 | €153,276 | €134,615 | -€18,661 | -12.2% |
| Taxes, remuneration and social security | 45 | €258,134 | €269,079 | +€10,945 | +4.2% |
| Taxes | 450/3 | €86,351 | €143,859 | +€57,509 | +66.6% |
| Remuneration and social security | 454/9 | €171,783 | €125,220 | -€46,563 | -27.1% |
| Other amounts payable | 47/48 | €656,445 | €739,507 | +€83,063 | +12.7% |
| Accrued charges and deferred income | 492/3 | €7,742 | €10,680 | +€2,937 | +37.9% |
| Remuneration, social security and pensions | 62 | €1,061,359 | €1,060,543 | -€816 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639,588 | €587,172 | -€52,417 | -8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€22,332 | -€22,332 | |
| Other operating charges | 640/8 | €42,526 | €63,542 | +€21,016 | +49.4% |
| Gross operating margin | 9900 | €1,812,252 | €1,788,920 | -€23,333 | -1.3% |
| Operating profit (loss) | 9901 | €68,779 | €99,995 | +€31,216 | +45.4% |
| Financial income | 75/76B | €63,367 | €50,923 | -€12,444 | -19.6% |
| Recurring financial income | 75 | €63,367 | €50,923 | -€12,444 | -19.6% |
| Financial charges | 65/66B | €128,342 | €128,336 | -€6 | 0.0% |
| Recurring financial charges | 65 | €128,342 | €128,336 | -€6 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,805 | €22,582 | +€18,777 | +493.5% |
| Profit (loss) for the period | 9904 | €3,805 | €22,582 | +€18,777 | +493.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,805 | €22,582 | +€18,777 | +493.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.