LEXMAN: 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.
LEXMAN
Largest movements
- Receivables within one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
of which Other amounts receivable: -€50,000
- Cash +€49,572
up €49,572 (+124.8%), from €39,732 to €89,304
mainly Receivables within one year (+€50,000) and Net result for the year (+€49,193)
- Tangible fixed assets +€21,886
up €21,886 (+5.5%), from €394,434 to €416,320
of which Furniture and vehicles: +€26,669
- Other debts +€13,629
up €13,629 (+24.1%), from €56,649 to €70,279
- Current portion of long-term debt +€13,209
up €13,209 (+50.9%), from €25,937 to €39,147
- Turnover +€219,862
up €219,862, from €0 to €219,862
- Purchases and services +€140,662
up €140,662, from €0 to €140,662
- Gross operating margin -€103,365
down €103,365 (-46.7%), from €221,460 to €118,096
- Taxes -€35,133
down €35,133 (-56.7%), from €61,985 to €26,852
- Depreciation +€9,166
up €9,166 (+58.4%), from €15,690 to €24,856
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 | €990,372 | €1,012,787 | +€22,415 | +2.3% |
| Fixed assets | 21/28 | €775,638 | €797,524 | +€21,886 | +2.8% |
| Tangible fixed assets | 22/27 | €394,434 | €416,320 | +€21,886 | +5.5% |
| Land and buildings | 22 | €393,265 | €388,482 | -€4,782 | -1.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,169 | €27,838 | +€26,669 | +2280.9% |
| Financial fixed assets | 28 | €381,204 | €381,204 | = | 0.0% |
| Current assets | 29/58 | €214,734 | €215,263 | +€529 | +0.2% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €50,000 | €0 | -€50,000 | -100.0% |
| Current investments | 50/53 | €125,002 | €125,002 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,732 | €89,304 | +€49,572 | +124.8% |
| Deferred charges and accrued income | 490/1 | €0 | €957 | +€957 | |
| Total equity and liabilities | 10/49 | €990,372 | €1,012,787 | +€22,415 | +2.3% |
| Equity | 10/15 | €604,962 | €607,532 | +€2,570 | +0.4% |
| Contributions | 10/11 | €85,125 | €85,125 | = | 0.0% |
| Reserves | 13 | €486,773 | €489,342 | +€2,570 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Distributable reserves | 133 | €486,773 | €489,342 | +€2,570 | +0.5% |
| Profit (loss) carried forward | 14 | €33,064 | €33,065 | +€0 | 0.0% |
| Amounts payable | 17/49 | €385,409 | €405,255 | +€19,845 | +5.1% |
| Amounts payable after more than one year | 17 | €287,646 | €278,059 | -€9,587 | -3.3% |
| Financial debts | 170/4 | €287,646 | €278,059 | -€9,587 | -3.3% |
| Amounts payable within one year | 42/48 | €97,763 | €127,195 | +€29,433 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €25,937 | €39,147 | +€13,209 | +50.9% |
| Trade debts | 44 | €0 | €136 | +€136 | |
| Suppliers | 440/4 | €0 | €136 | +€136 | |
| Taxes, remuneration and social security | 45 | €15,176 | €17,635 | +€2,458 | +16.2% |
| Taxes | 450/3 | €15,176 | €17,635 | +€2,458 | +16.2% |
| Other amounts payable | 47/48 | €56,649 | €70,279 | +€13,629 | +24.1% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €0 | €219,862 | +€219,862 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €140,662 | +€140,662 | |
| Remuneration, social security and pensions | 62 | €1,575 | €1,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,690 | €24,856 | +€9,166 | +58.4% |
| Other operating charges | 640/8 | €3,563 | €6,453 | +€2,889 | +81.1% |
| Gross operating margin | 9900 | €221,460 | €118,096 | -€103,365 | -46.7% |
| Operating profit (loss) | 9901 | €200,631 | €85,212 | -€115,419 | -57.5% |
| Financial income | 75/76B | €123 | €0 | -€123 | -100.0% |
| Recurring financial income | 75 | €123 | €0 | -€123 | -100.0% |
| Financial charges | 65/66B | €9,039 | €9,168 | +€129 | +1.4% |
| Recurring financial charges | 65 | €9,039 | €9,168 | +€129 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €191,716 | €76,044 | -€115,671 | -60.3% |
| Income taxes | 67/77 | €61,985 | €26,852 | -€35,133 | -56.7% |
| Profit (loss) for the period | 9904 | €129,731 | €49,193 | -€80,538 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,731 | €49,193 | -€80,538 | -62.1% |
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 9 October 2026 via checked.be.