LEXIAGO: what changed
Two financial 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.
LEXIAGO
Largest movements
- Cash -€156,311
no longer reported in 2025 (was €156,311)
mainly Trade debts (-€140,048) and Investment in fixed assets (net) (-€133,575)
- Tangible fixed assets -€123,088
down €123,088 (-9.0%), from €1.4m to €1.3m
of which Other tangible fixed assets: -€165,233
- Receivables within one year +€67,675
up €67,675 (+20.0%), from €338,503 to €406,178
of which Trade receivables: +€68,859
- Current investments -€38,649
down €38,649 (-15.5%), from €250,000 to €211,351
- Trade debts -€140,048
down €140,048 (-46.9%), from €298,560 to €158,512
- Reserves -€61,155
down €61,155 (-13.0%), from €470,055 to €408,900
of which Tax-exempt reserves: -€61,155
- Debts after one year -€59,261
down €59,261 (-8.0%), from €741,271 to €682,010
- Tax, wage and social debts +€49,900
up €49,900 (+97.0%), from €51,439 to €101,339
of which Remuneration and social security: +€32,783
- Profit (loss) carried forward -€34,504
down €34,504 (-89.2%), from €38,684 to €4,180
- Depreciation +€75,209
up €75,209 (+41.4%), from €181,455 to €256,663
- Gross operating margin +€59,445
up €59,445 (+6.4%), from €935,799 to €995,244
- Staff costs +€30,809
up €30,809 (+3.9%), from €795,244 to €826,053
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 | €2,264,031 | €2,014,594 | -€249,437 | -11.0% |
| Fixed assets | 21/28 | €1,373,604 | €1,250,516 | -€123,088 | -9.0% |
| Tangible fixed assets | 22/27 | €1,373,250 | €1,250,162 | -€123,088 | -9.0% |
| Plant, machinery and equipment | 23 | €381,930 | €423,314 | +€41,384 | +10.8% |
| Furniture and vehicles | 24 | €8,067 | €8,827 | +€760 | +9.4% |
| Other tangible fixed assets | 26 | €983,253 | €818,021 | -€165,233 | -16.8% |
| Financial fixed assets | 28 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €890,426 | €764,078 | -€126,349 | -14.2% |
| Stocks and contracts in progress | 3 | €145,612 | €145,271 | -€340 | -0.2% |
| Stocks | 30/36 | €145,612 | €145,271 | -€340 | -0.2% |
| Amounts receivable within one year | 40/41 | €338,503 | €406,178 | +€67,675 | +20.0% |
| Trade receivables | 40 | €331,619 | €400,478 | +€68,859 | +20.8% |
| Other amounts receivable | 41 | €6,884 | €5,700 | -€1,184 | -17.2% |
| Current investments | 50/53 | €250,000 | €211,351 | -€38,649 | -15.5% |
| Cash at bank and in hand | 54/58 | €156,311 | - | -€156,311 | |
| Deferred charges and accrued income | 490/1 | - | €1,278 | +€1,278 | |
| Total equity and liabilities | 10/49 | €2,264,031 | €2,014,594 | -€249,437 | -11.0% |
| Equity | 10/15 | €852,423 | €752,787 | -€99,636 | -11.7% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €470,055 | €408,900 | -€61,155 | -13.0% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €407,430 | €346,275 | -€61,155 | -15.0% |
| Distributable reserves | 133 | €30,626 | €30,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,684 | €4,180 | -€34,504 | -89.2% |
| Investment grants | 15 | €23,684 | €19,707 | -€3,977 | -16.8% |
| Provisions and deferred taxes | 16 | €188,941 | €157,451 | -€31,490 | -16.7% |
| Deferred taxes | 168 | €188,941 | €157,451 | -€31,490 | -16.7% |
| Amounts payable | 17/49 | €1,222,667 | €1,104,357 | -€118,310 | -9.7% |
| Amounts payable after more than one year | 17 | €741,271 | €682,010 | -€59,261 | -8.0% |
| Financial debts | 170/4 | €741,271 | €682,010 | -€59,261 | -8.0% |
| Amounts payable within one year | 42/48 | €481,396 | €422,347 | -€59,050 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €131,398 | €162,496 | +€31,099 | +23.7% |
| Trade debts | 44 | €298,560 | €158,512 | -€140,048 | -46.9% |
| Suppliers | 440/4 | €298,560 | €158,512 | -€140,048 | -46.9% |
| Taxes, remuneration and social security | 45 | €51,439 | €101,339 | +€49,900 | +97.0% |
| Taxes | 450/3 | €3,257 | €20,374 | +€17,116 | +525.5% |
| Remuneration and social security | 454/9 | €48,182 | €80,965 | +€32,783 | +68.0% |
| Remuneration, social security and pensions | 62 | €795,244 | €826,053 | +€30,809 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,455 | €256,663 | +€75,209 | +41.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €839 | -€549 | -€1,388 | |
| Other operating charges | 640/8 | €17,317 | €21,002 | +€3,685 | +21.3% |
| Gross operating margin | 9900 | €935,799 | €995,244 | +€59,445 | +6.4% |
| Operating profit (loss) | 9901 | -€59,056 | -€107,926 | -€48,870 | -82.8% |
| Financial income | 75/76B | €8,469 | €8,887 | +€418 | +4.9% |
| Recurring financial income | 75 | €8,469 | €8,887 | +€418 | +4.9% |
| Financial charges | 65/66B | €18,017 | €27,562 | +€9,546 | +53.0% |
| Recurring financial charges | 65 | €18,017 | €27,562 | +€9,546 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | -€68,604 | -€126,601 | -€57,997 | -84.5% |
| Transfer from deferred taxes | 780 | €19,280 | €31,490 | +€12,211 | +63.3% |
| Income taxes | 67/77 | -€417 | €548 | +€965 | |
| Profit (loss) for the period | 9904 | -€48,907 | -€95,659 | -€46,752 | -95.6% |
| Transfer from tax-exempt reserves | 789 | €37,442 | €61,155 | +€23,713 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,465 | -€34,504 | -€23,039 | -200.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.