LEXTHEMIS: 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.
LEXTHEMIS
Largest movements
- Receivables within one year +€93,396
up €93,396 (+230.5%), from €40,519 to €133,915
- Cash -€43,698
down €43,698 (-21.4%), from €204,291 to €160,594
mainly Receivables within one year (-€93,396) and Contributions, distributions and other (-€77,490)
- Other debts +€28,387
up €28,387 (+15.2%), from €186,815 to €215,202
- Tax, wage and social debts +€18,332
up €18,332 (+43.3%), from €42,321 to €60,653
- Gross operating margin +€14,889
up €14,889 (+16.8%), from €88,514 to €103,403
- Depreciation -€4,864
down €4,864 (-85.9%), from €5,663 to €798
- Taxes +€3,937
up €3,937 (+20.2%), from €19,511 to €23,448
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 | €251,102 | €298,530 | +€47,427 | +18.9% |
| Fixed assets | 21/28 | €4,819 | €4,021 | -€798 | -16.6% |
| Tangible fixed assets | 22/27 | €4,819 | €4,021 | -€798 | -16.6% |
| Other tangible fixed assets | 26 | €4,819 | €4,021 | -€798 | -16.6% |
| Current assets | 29/58 | €246,283 | €294,509 | +€48,226 | +19.6% |
| Amounts receivable within one year | 40/41 | €40,519 | €133,915 | +€93,396 | +230.5% |
| Trade receivables | 40 | €40,519 | €133,915 | +€93,396 | +230.5% |
| Cash at bank and in hand | 54/58 | €204,291 | €160,594 | -€43,698 | -21.4% |
| Deferred charges and accrued income | 490/1 | €1,473 | - | -€1,473 | |
| Total equity and liabilities | 10/49 | €251,102 | €298,530 | +€47,427 | +18.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €230,642 | €278,070 | +€47,427 | +20.6% |
| Amounts payable within one year | 42/48 | €230,642 | €278,070 | +€47,427 | +20.6% |
| Trade debts | 44 | €1,506 | €2,215 | +€709 | +47.1% |
| Suppliers | 440/4 | €1,506 | €2,215 | +€709 | +47.1% |
| Taxes, remuneration and social security | 45 | €42,321 | €60,653 | +€18,332 | +43.3% |
| Taxes | 450/3 | €42,321 | €60,653 | +€18,332 | +43.3% |
| Other amounts payable | 47/48 | €186,815 | €215,202 | +€28,387 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,663 | €798 | -€4,864 | -85.9% |
| Other operating charges | 640/8 | €1,322 | €1,438 | +€116 | +8.7% |
| Gross operating margin | 9900 | €88,514 | €103,403 | +€14,889 | +16.8% |
| Operating profit (loss) | 9901 | €81,529 | €101,167 | +€19,638 | +24.1% |
| Financial income | 75/76B | €24 | €22 | -€2 | -8.3% |
| Recurring financial income | 75 | €24 | €22 | -€2 | -8.3% |
| Financial charges | 65/66B | €311 | €251 | -€60 | -19.4% |
| Recurring financial charges | 65 | €311 | €251 | -€60 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €81,242 | €100,938 | +€19,696 | +24.2% |
| Income taxes | 67/77 | €19,511 | €23,448 | +€3,937 | +20.2% |
| Profit (loss) for the period | 9904 | €61,731 | €77,490 | +€15,759 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,731 | €77,490 | +€15,759 | +25.5% |
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.