LEXES: 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.
LEXES
Largest movements
- Cash +€23,862
up €23,862 (+38.2%), from €62,392 to €86,254
mainly Net result for the year (+€48,128) and Depreciation (+€1,067)
- Current investments +€10,714
new in 2026: €10,714
- Deferred charges and accrued income +€1,084
up €1,084 (+86.3%), from €1,256 to €2,340
- Tangible fixed assets -€1,067
down €1,067 (-23.9%), from €4,465 to €3,399
of which Other tangible fixed assets: -€900
- Reserves +€48,128
up €48,128 (+110.2%), from €43,676 to €91,805
- Tax, wage and social debts -€11,030
down €11,030 (-56.3%), from €19,590 to €8,560
of which Taxes: -€11,480
- Trade debts -€1,386
down €1,386 (-52.7%), from €2,629 to €1,243
- Gross operating margin +€7,286
up €7,286 (+12.6%), from €57,721 to €65,007
- Taxes +€1,572
up €1,572 (+13.2%), from €11,949 to €13,521
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,127 | €103,685 | +€35,558 | +52.2% |
| Fixed assets | 21/28 | €4,465 | €3,399 | -€1,067 | -23.9% |
| Tangible fixed assets | 22/27 | €4,465 | €3,399 | -€1,067 | -23.9% |
| Furniture and vehicles | 24 | €416 | €250 | -€167 | -40.0% |
| Other tangible fixed assets | 26 | €4,049 | €3,149 | -€900 | -22.2% |
| Current assets | 29/58 | €63,662 | €100,287 | +€36,625 | +57.5% |
| Amounts receivable within one year | 40/41 | €14 | €979 | +€965 | +6931.5% |
| Other amounts receivable | 41 | €14 | €979 | +€965 | +6931.5% |
| Current investments | 50/53 | - | €10,714 | +€10,714 | |
| Cash at bank and in hand | 54/58 | €62,392 | €86,254 | +€23,862 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1,256 | €2,340 | +€1,084 | +86.3% |
| Total equity and liabilities | 10/49 | €68,127 | €103,685 | +€35,558 | +52.2% |
| Equity | 10/15 | €45,676 | €93,805 | +€48,128 | +105.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,676 | €91,805 | +€48,128 | +110.2% |
| Distributable reserves | 133 | €43,676 | €91,805 | +€48,128 | +110.2% |
| Amounts payable | 17/49 | €22,450 | €9,881 | -€12,570 | -56.0% |
| Amounts payable within one year | 42/48 | €22,450 | €9,881 | -€12,570 | -56.0% |
| Trade debts | 44 | €2,629 | €1,243 | -€1,386 | -52.7% |
| Suppliers | 440/4 | €2,629 | €1,243 | -€1,386 | -52.7% |
| Taxes, remuneration and social security | 45 | €19,590 | €8,560 | -€11,030 | -56.3% |
| Taxes | 450/3 | €19,590 | €8,110 | -€11,480 | -58.6% |
| Remuneration and social security | 454/9 | - | €450 | +€450 | |
| Other amounts payable | 47/48 | €231 | €78 | -€153 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €1,067 | +€532 | +99.5% |
| Other operating charges | 640/8 | - | €99 | +€99 | |
| Gross operating margin | 9900 | €57,721 | €65,007 | +€7,286 | +12.6% |
| Operating profit (loss) | 9901 | €57,186 | €63,840 | +€6,654 | +11.6% |
| Financial charges | 65/66B | €1,561 | €2,191 | +€630 | +40.4% |
| Recurring financial charges | 65 | €1,561 | €2,191 | +€630 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €55,625 | €61,649 | +€6,024 | +10.8% |
| Income taxes | 67/77 | €11,949 | €13,521 | +€1,572 | +13.2% |
| Profit (loss) for the period | 9904 | €43,676 | €48,128 | +€4,452 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,676 | €48,128 | +€4,452 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.