LEXSPER: 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.
LEXSPER
Largest movements
- Cash +€109,067
up €109,067 (+82.5%), from €132,169 to €241,236
mainly Net result for the year (+€180,762) and Current investments (+€60,323)
- Current investments -€60,323
down €60,323 (-77.0%), from €78,339 to €18,016
- Reserves +€77,472
up €77,472 (+24.7%), from €313,784 to €391,256
- Debts after one year -€26,143
down €26,143 (-21.1%), from €124,179 to €98,036
- Financial income +€75,338
up €75,338 (+134.2%), from €56,136 to €131,474
of which Financial income: +€75,338
- Gross operating margin -€39,335
down €39,335 (-27.8%), from €141,688 to €102,353
- Taxes -€5,051
down €5,051 (-10.4%), from €48,468 to €43,417
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 | €551,164 | €602,873 | +€51,709 | +9.4% |
| Fixed assets | 21/28 | €333,407 | €332,955 | -€452 | -0.1% |
| Tangible fixed assets | 22/27 | €24,537 | €24,085 | -€452 | -1.8% |
| Furniture and vehicles | 24 | €2,385 | €3,042 | +€658 | +27.6% |
| Other tangible fixed assets | 26 | €22,152 | €21,042 | -€1,110 | -5.0% |
| Financial fixed assets | 28 | €308,870 | €308,870 | = | 0.0% |
| Current assets | 29/58 | €217,757 | €269,918 | +€52,161 | +24.0% |
| Amounts receivable within one year | 40/41 | €4,048 | €7,560 | +€3,512 | +86.7% |
| Trade receivables | 40 | - | €2,459 | +€2,459 | |
| Other amounts receivable | 41 | €4,048 | €5,101 | +€1,053 | +26.0% |
| Current investments | 50/53 | €78,339 | €18,016 | -€60,323 | -77.0% |
| Cash at bank and in hand | 54/58 | €132,169 | €241,236 | +€109,067 | +82.5% |
| Deferred charges and accrued income | 490/1 | €3,200 | €3,106 | -€94 | -2.9% |
| Total equity and liabilities | 10/49 | €551,164 | €602,873 | +€51,709 | +9.4% |
| Equity | 10/15 | €370,084 | €447,556 | +€77,472 | +20.9% |
| Contributions | 10/11 | €56,300 | €56,300 | = | 0.0% |
| Reserves | 13 | €313,784 | €391,256 | +€77,472 | +24.7% |
| Distributable reserves | 133 | €313,784 | €391,256 | +€77,472 | +24.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €181,081 | €155,318 | -€25,763 | -14.2% |
| Amounts payable after more than one year | 17 | €124,179 | €98,036 | -€26,143 | -21.1% |
| Financial debts | 170/4 | €124,179 | €98,036 | -€26,143 | -21.1% |
| Amounts payable within one year | 42/48 | €56,732 | €57,038 | +€305 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €26,143 | €26,143 | = | 0.0% |
| Trade debts | 44 | €4,539 | €1,014 | -€3,525 | -77.7% |
| Suppliers | 440/4 | €4,539 | €1,014 | -€3,525 | -77.7% |
| Taxes, remuneration and social security | 45 | €26,047 | €29,878 | +€3,831 | +14.7% |
| Taxes | 450/3 | €26,047 | €29,878 | +€3,831 | +14.7% |
| Other amounts payable | 47/48 | €3 | €3 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €170 | €244 | +€75 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,763 | €3,540 | +€777 | +28.1% |
| Other operating charges | 640/8 | €1,112 | €1,152 | +€41 | +3.7% |
| Gross operating margin | 9900 | €141,688 | €102,353 | -€39,335 | -27.8% |
| Operating profit (loss) | 9901 | €137,813 | €97,660 | -€40,153 | -29.1% |
| Financial income | 75/76B | €56,136 | €131,474 | +€75,338 | +134.2% |
| Recurring financial income | 75 | €56,136 | €131,474 | +€75,338 | +134.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €5,975 | €4,955 | -€1,020 | -17.1% |
| Recurring financial charges | 65 | €5,975 | €4,955 | -€1,020 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €187,974 | €224,179 | +€36,205 | +19.3% |
| Income taxes | 67/77 | €48,468 | €43,417 | -€5,051 | -10.4% |
| Profit (loss) for the period | 9904 | €139,507 | €180,762 | +€41,255 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,507 | €180,762 | +€41,255 | +29.6% |
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.