LEXHAM: 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.
LEXHAM
Largest movements
- Receivables within one year +€201,816
up €201,816 (+180.6%), from €111,722 to €313,538
of which Other amounts receivable: +€205,277
- Current investments -€90,000
down €90,000 (-99.1%), from €90,853 to €853
- Cash -€8,884
down €8,884 (-8.6%), from €102,795 to €93,911
mainly Receivables within one year (-€201,816) and Net result for the year (-€153,611)
- Trade debts +€296,727
up €296,727 (+137.6%), from €215,712 to €512,439
- Reserves -€97,921
down €97,921 (-94.0%), from €104,121 to €6,200
of which Distributable reserves: -€97,921
- Current portion of long-term debt -€68,235
no longer reported in 2025 (was €68,235)
- Profit (loss) carried forward -€55,690
new in 2025: -€55,690
- Other debts +€30,996
up €30,996 (+32.8%), from €94,509 to €125,504
- Gross operating margin -€67,220
down €67,220 (-9.4%), from €712,814 to €645,594
- Depreciation +€10,049
up €10,049 (+10.8%), from €93,117 to €103,166
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 | €641,730 | €747,666 | +€105,936 | +16.5% |
| Fixed assets | 21/28 | €301,253 | €302,642 | +€1,389 | +0.5% |
| Tangible fixed assets | 22/27 | €300,005 | €301,394 | +€1,389 | +0.5% |
| Plant, machinery and equipment | 23 | €295,337 | €297,591 | +€2,254 | +0.8% |
| Furniture and vehicles | 24 | €4,668 | €3,803 | -€865 | -18.5% |
| Financial fixed assets | 28 | €1,248 | €1,248 | = | 0.0% |
| Current assets | 29/58 | €340,477 | €445,024 | +€104,547 | +30.7% |
| Stocks and contracts in progress | 3 | €19,776 | €18,969 | -€807 | -4.1% |
| Stocks | 30/36 | €19,776 | €18,969 | -€807 | -4.1% |
| Amounts receivable within one year | 40/41 | €111,722 | €313,538 | +€201,816 | +180.6% |
| Trade receivables | 40 | €28,435 | €24,974 | -€3,461 | -12.2% |
| Other amounts receivable | 41 | €83,287 | €288,564 | +€205,277 | +246.5% |
| Current investments | 50/53 | €90,853 | €853 | -€90,000 | -99.1% |
| Cash at bank and in hand | 54/58 | €102,795 | €93,911 | -€8,884 | -8.6% |
| Deferred charges and accrued income | 490/1 | €15,331 | €17,753 | +€2,422 | +15.8% |
| Total equity and liabilities | 10/49 | €641,730 | €747,666 | +€105,936 | +16.5% |
| Equity | 10/15 | €189,121 | €35,510 | -€153,611 | -81.2% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €104,121 | €6,200 | -€97,921 | -94.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €97,921 | - | -€97,921 | |
| Profit (loss) carried forward | 14 | - | -€55,690 | -€55,690 | |
| Amounts payable | 17/49 | €452,609 | €712,157 | +€259,548 | +57.3% |
| Amounts payable within one year | 42/48 | €452,531 | €712,157 | +€259,626 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €68,235 | - | -€68,235 | |
| Financial debts | 43 | €9,526 | €10,269 | +€743 | +7.8% |
| Credit institutions | 430/8 | - | €910 | +€910 | |
| Other loans | 439 | €9,526 | €9,359 | -€167 | -1.8% |
| Trade debts | 44 | €215,712 | €512,439 | +€296,727 | +137.6% |
| Suppliers | 440/4 | €215,712 | €512,439 | +€296,727 | +137.6% |
| Taxes, remuneration and social security | 45 | €64,549 | €63,945 | -€604 | -0.9% |
| Taxes | 450/3 | €2,678 | €2,555 | -€122 | -4.6% |
| Remuneration and social security | 454/9 | €61,871 | €61,389 | -€482 | -0.8% |
| Other amounts payable | 47/48 | €94,509 | €125,504 | +€30,996 | +32.8% |
| Accrued charges and deferred income | 492/3 | €78 | - | -€78 | |
| Remuneration, social security and pensions | 62 | €674,781 | €675,108 | +€327 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,117 | €103,166 | +€10,049 | +10.8% |
| Other operating charges | 640/8 | €10,685 | €9,961 | -€724 | -6.8% |
| Gross operating margin | 9900 | €712,814 | €645,594 | -€67,220 | -9.4% |
| Operating profit (loss) | 9901 | -€65,769 | -€142,641 | -€76,872 | -116.9% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €12,420 | €10,842 | -€1,578 | -12.7% |
| Recurring financial charges | 65 | €12,420 | €10,842 | -€1,578 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€78,190 | -€153,464 | -€75,274 | -96.3% |
| Income taxes | 67/77 | €78 | €148 | +€70 | +89.8% |
| Profit (loss) for the period | 9904 | -€78,268 | -€153,611 | -€75,344 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,268 | -€153,611 | -€75,344 | -96.3% |
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 1 October 2026 via checked.be.