Lexi: 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.
Lexi
Largest movements
- Receivables within one year +€107,549
up €107,549 (+14.3%), from €754,417 to €861,966
of which Other amounts receivable: +€70,676
- Financial fixed assets -€64,264
down €64,264 (-32.1%), from €199,939 to €135,675
- Tangible fixed assets -€61,676
down €61,676 (-12.2%), from €505,690 to €444,014
of which Plant, machinery and equipment: -€68,413
- Reserves +€178,126
up €178,126 (+9.2%), from €1.9m to €2.1m
of which Distributable reserves: +€178,126
- Trade debts -€137,571
down €137,571 (-36.1%), from €381,408 to €243,837
- Short-term financial debts -€99,363
down €99,363 (-53.4%), from €185,946 to €86,583
- Debts after one year +€37,206
up €37,206 (+11.5%), from €322,551 to €359,757
of which Financial debts: +€37,206
- Gross operating margin -€232,801
down €232,801 (-10.1%), from €2.3m to €2.1m
- Staff costs -€136,085
down €136,085 (-21.9%), from €622,418 to €486,333
- Financial charges -€119,372
down €119,372 (-64.1%), from €186,203 to €66,830
- Other operating charges +€59,294
up €59,294 (+5.8%), from €1.0m to €1.1m
- Write-downs +€58,427
new in 2025: €58,427
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 | €3,213,985 | €3,169,894 | -€44,091 | -1.4% |
| Fixed assets | 21/28 | €733,334 | €600,044 | -€133,290 | -18.2% |
| Intangible fixed assets | 21 | €27,705 | €20,355 | -€7,350 | -26.5% |
| Tangible fixed assets | 22/27 | €505,690 | €444,014 | -€61,676 | -12.2% |
| Land and buildings | 22 | €4,522 | €3,632 | -€890 | -19.7% |
| Plant, machinery and equipment | 23 | €416,287 | €347,874 | -€68,413 | -16.4% |
| Furniture and vehicles | 24 | €27,866 | €15,285 | -€12,581 | -45.1% |
| Leasing and similar rights | 25 | €1,672 | - | -€1,672 | |
| Other tangible fixed assets | 26 | €55,343 | €77,223 | +€21,880 | +39.5% |
| Financial fixed assets | 28 | €199,939 | €135,675 | -€64,264 | -32.1% |
| Current assets | 29/58 | €2,480,651 | €2,569,850 | +€89,199 | +3.6% |
| Amounts receivable within one year | 40/41 | €754,417 | €861,966 | +€107,549 | +14.3% |
| Trade receivables | 40 | €420,439 | €457,312 | +€36,873 | +8.8% |
| Other amounts receivable | 41 | €333,978 | €404,654 | +€70,676 | +21.2% |
| Cash at bank and in hand | 54/58 | €335,013 | €335,486 | +€473 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,391,221 | €1,372,399 | -€18,823 | -1.4% |
| Total equity and liabilities | 10/49 | €3,213,985 | €3,169,894 | -€44,091 | -1.4% |
| Equity | 10/15 | €2,113,001 | €2,291,127 | +€178,126 | +8.4% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €1,939,001 | €2,117,127 | +€178,126 | +9.2% |
| Non-distributable reserves | 130/1 | €81,447 | €81,447 | = | 0.0% |
| Legal reserve | 130 | €81,447 | €81,447 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,589 | €25,589 | = | 0.0% |
| Distributable reserves | 133 | €1,831,965 | €2,010,091 | +€178,126 | +9.7% |
| Amounts payable | 17/49 | €1,100,984 | €878,767 | -€222,217 | -20.2% |
| Amounts payable after more than one year | 17 | €322,551 | €359,757 | +€37,206 | +11.5% |
| Financial debts | 170/4 | €290,222 | €327,428 | +€37,206 | +12.8% |
| Other amounts payable | 178/9 | €32,329 | €32,329 | = | 0.0% |
| Amounts payable within one year | 42/48 | €778,433 | €519,011 | -€259,423 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €74,974 | €62,794 | -€12,180 | -16.2% |
| Financial debts | 43 | €185,946 | €86,583 | -€99,363 | -53.4% |
| Credit institutions | 430/8 | €185,946 | €86,583 | -€99,363 | -53.4% |
| Trade debts | 44 | €381,408 | €243,837 | -€137,571 | -36.1% |
| Suppliers | 440/4 | €381,408 | €243,837 | -€137,571 | -36.1% |
| Taxes, remuneration and social security | 45 | €76,591 | €66,602 | -€9,989 | -13.0% |
| Taxes | 450/3 | €26,582 | €26,582 | = | 0.0% |
| Remuneration and social security | 454/9 | €50,009 | €40,020 | -€9,989 | -20.0% |
| Other amounts payable | 47/48 | €59,514 | €59,195 | -€319 | -0.5% |
| Remuneration, social security and pensions | 62 | €622,418 | €486,333 | -€136,085 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,234 | €102,280 | +€17,045 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €58,427 | +€58,427 | |
| Other operating charges | 640/8 | €1,029,632 | €1,088,925 | +€59,294 | +5.8% |
| Gross operating margin | 9900 | €2,301,490 | €2,068,688 | -€232,801 | -10.1% |
| Operating profit (loss) | 9901 | €564,206 | €332,723 | -€231,483 | -41.0% |
| Financial income | 75/76B | €1,358 | €1,121 | -€236 | -17.4% |
| Recurring financial income | 75 | €1,358 | €1,121 | -€236 | -17.4% |
| Financial charges | 65/66B | €186,203 | €66,830 | -€119,372 | -64.1% |
| Recurring financial charges | 65 | €186,203 | €66,830 | -€119,372 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €379,361 | €267,014 | -€112,346 | -29.6% |
| Income taxes | 67/77 | €126,582 | €88,889 | -€37,693 | -29.8% |
| Profit (loss) for the period | 9904 | €252,779 | €178,126 | -€74,653 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €252,779 | €178,126 | -€74,653 | -29.5% |
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 3 October 2026 via checked.be.