LEXING – BELGIUM: 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.
LEXING – BELGIUM
Largest movements
- Receivables within one year -€110,337
down €110,337 (-10.0%), from €1.1m to €995,225
of which Trade receivables: -€163,484
- Tangible fixed assets +€87,191
up €87,191 (+86.5%), from €100,763 to €187,954
of which Other tangible fixed assets: +€85,738
- Cash +€43,456
up €43,456 (+19.9%), from €218,327 to €261,783
mainly Net result for the year (+€498,795) and Receivables within one year (+€110,337)
- Other debts -€220,275
down €220,275 (-44.8%), from €491,665 to €271,390
- Reserves +€85,214
up €85,214 (+32.8%), from €260,000 to €345,214
of which Distributable reserves: +€85,214
- Debts after one year +€69,203
up €69,203 (+134%), from €51,602 to €120,805
- Short-term financial debts +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Trade debts +€27,870
up €27,870 (+19.0%), from €146,681 to €174,551
- Gross operating margin -€209,648
down €209,648 (-17.2%), from €1.2m to €1.0m
- Taxes -€64,691
down €64,691 (-28.0%), from €230,955 to €166,264
- Other operating charges +€42,483
up €42,483 (+535%), from €7,943 to €50,426
- Write-downs -€30,481
down €30,481, from €30,380 to -€101
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.
Derived cash bridge
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 | €1,441,636 | €1,465,750 | +€24,114 | +1.7% |
| Fixed assets | 21/28 | €110,521 | €198,266 | +€87,745 | +79.4% |
| Intangible fixed assets | 21 | €7,058 | €7,612 | +€553 | +7.8% |
| Tangible fixed assets | 22/27 | €100,763 | €187,954 | +€87,191 | +86.5% |
| Land and buildings | 22 | €22,670 | €20,286 | -€2,384 | -10.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,427 | €14,265 | +€3,837 | +36.8% |
| Other tangible fixed assets | 26 | €67,666 | €153,404 | +€85,738 | +127% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €1,331,115 | €1,267,484 | -€63,631 | -4.8% |
| Amounts receivable within one year | 40/41 | €1,105,562 | €995,225 | -€110,337 | -10.0% |
| Trade receivables | 40 | €1,074,996 | €911,512 | -€163,484 | -15.2% |
| Other amounts receivable | 41 | €30,566 | €83,713 | +€53,147 | +174% |
| Cash at bank and in hand | 54/58 | €218,327 | €261,783 | +€43,456 | +19.9% |
| Deferred charges and accrued income | 490/1 | €7,225 | €10,476 | +€3,251 | +45.0% |
| Total equity and liabilities | 10/49 | €1,441,636 | €1,465,750 | +€24,114 | +1.7% |
| Equity | 10/15 | €351,233 | €433,657 | +€82,424 | +23.5% |
| Contributions | 10/11 | €91,233 | €88,443 | -€2,790 | -3.1% |
| Reserves | 13 | €260,000 | €345,214 | +€85,214 | +32.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €260,000 | €345,214 | +€85,214 | +32.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,090,403 | €1,032,093 | -€58,310 | -5.3% |
| Amounts payable after more than one year | 17 | €51,602 | €120,805 | +€69,203 | +134% |
| Financial debts | 170/4 | €51,602 | €120,805 | +€69,203 | +134% |
| Amounts payable within one year | 42/48 | €1,038,374 | €910,886 | -€127,488 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €43,595 | €53,897 | +€10,302 | +23.6% |
| Financial debts | 43 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Credit institutions | 430/8 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Trade debts | 44 | €146,681 | €174,551 | +€27,870 | +19.0% |
| Suppliers | 440/4 | €146,681 | €174,551 | +€27,870 | +19.0% |
| Advances received on contracts in progress | 46 | €30,680 | €22,296 | -€8,384 | -27.3% |
| Taxes, remuneration and social security | 45 | €75,752 | €88,752 | +€12,999 | +17.2% |
| Taxes | 450/3 | €61,203 | €59,574 | -€1,629 | -2.7% |
| Remuneration and social security | 454/9 | €14,549 | €29,177 | +€14,628 | +101% |
| Other amounts payable | 47/48 | €491,665 | €271,390 | -€220,275 | -44.8% |
| Accrued charges and deferred income | 492/3 | €427 | €403 | -€24 | -5.7% |
| Non-recurring operating income | 76A | - | €16 | +€16 | |
| Remuneration, social security and pensions | 62 | €244,639 | €247,720 | +€3,081 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,555 | €26,309 | +€9,754 | +58.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,380 | -€101 | -€30,481 | |
| Other operating charges | 640/8 | €7,943 | €50,426 | +€42,483 | +535% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €73 | +€73 | |
| Gross operating margin | 9900 | €1,221,487 | €1,011,839 | -€209,648 | -17.2% |
| Operating profit (loss) | 9901 | €921,969 | €687,411 | -€234,558 | -25.4% |
| Financial income | 75/76B | €2,619 | €445 | -€2,174 | -83.0% |
| Recurring financial income | 75 | €2,619 | €445 | -€2,174 | -83.0% |
| Financial charges | 65/66B | €20,254 | €22,797 | +€2,543 | +12.6% |
| Recurring financial charges | 65 | €20,254 | €22,797 | +€2,543 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €904,334 | €665,060 | -€239,275 | -26.5% |
| Income taxes | 67/77 | €230,955 | €166,264 | -€64,691 | -28.0% |
| Profit (loss) for the period | 9904 | €673,379 | €498,795 | -€174,584 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €673,379 | €498,795 | -€174,584 | -25.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.