LEXTRAD: 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.
LEXTRAD
Largest movements
- Current investments -€821,208
down €821,208 (-43.7%), from €1.9m to €1.1m
- Financial fixed assets +€222,524
up €222,524 (+16.9%), from €1.3m to €1.5m
- Receivables after one year -€158,000
no longer reported in 2025 (was €158,000)
- Reserves -€546,179
down €546,179 (-42.1%), from €1.3m to €752,291
of which Distributable reserves: -€546,179
- Debts after one year -€164,034
down €164,034 (-40.5%), from €404,666 to €240,632
- Trade debts -€101,861
down €101,861 (-93.8%), from €108,571 to €6,710
- Gross operating margin -€169,228
down €169,228 (-44.5%), from €380,526 to €211,298
- Financial income -€70,077
down €70,077 (-51.9%), from €135,128 to €65,051
of which Financial income: -€57,207
- Taxes -€55,689
down €55,689 (-59.4%), from €93,687 to €37,998
- Financial charges +€26,163
up €26,163 (+92.2%), from €28,375 to €54,538
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 | €5,988,097 | €5,212,099 | -€775,998 | -13.0% |
| Fixed assets | 21/28 | €3,794,971 | €3,977,574 | +€182,604 | +4.8% |
| Tangible fixed assets | 22/27 | €2,479,864 | €2,439,943 | -€39,921 | -1.6% |
| Land and buildings | 22 | €2,451,640 | €2,421,644 | -€29,996 | -1.2% |
| Furniture and vehicles | 24 | €10,936 | €8,727 | -€2,209 | -20.2% |
| Other tangible fixed assets | 26 | €17,288 | €9,572 | -€7,716 | -44.6% |
| Financial fixed assets | 28 | €1,315,107 | €1,537,631 | +€222,524 | +16.9% |
| Current assets | 29/58 | €2,193,126 | €1,234,525 | -€958,602 | -43.7% |
| Amounts receivable after more than one year | 29 | €158,000 | - | -€158,000 | |
| Other amounts receivable | 291 | €158,000 | - | -€158,000 | |
| Amounts receivable within one year | 40/41 | €100,547 | €80,688 | -€19,859 | -19.8% |
| Trade receivables | 40 | €49,843 | €56,994 | +€7,152 | +14.3% |
| Other amounts receivable | 41 | €50,705 | €23,694 | -€27,011 | -53.3% |
| Current investments | 50/53 | €1,878,867 | €1,057,660 | -€821,208 | -43.7% |
| Cash at bank and in hand | 54/58 | €50,808 | €96,088 | +€45,280 | +89.1% |
| Deferred charges and accrued income | 490/1 | €4,903 | €89 | -€4,815 | -98.2% |
| Total equity and liabilities | 10/49 | €5,988,097 | €5,212,099 | -€775,998 | -13.0% |
| Equity | 10/15 | €4,283,001 | €3,736,821 | -€546,179 | -12.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,298,470 | €752,291 | -€546,179 | -42.1% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €1,223,470 | €677,291 | -€546,179 | -44.6% |
| Profit (loss) carried forward | 14 | €2,965,938 | €2,965,938 | = | 0.0% |
| Amounts payable | 17/49 | €1,705,096 | €1,475,278 | -€229,819 | -13.5% |
| Amounts payable after more than one year | 17 | €404,666 | €240,632 | -€164,034 | -40.5% |
| Financial debts | 170/4 | €404,666 | €240,632 | -€164,034 | -40.5% |
| Amounts payable within one year | 42/48 | €1,300,430 | €1,234,646 | -€65,784 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €162,792 | €164,555 | +€1,763 | +1.1% |
| Trade debts | 44 | €108,571 | €6,710 | -€101,861 | -93.8% |
| Suppliers | 440/4 | €108,571 | €6,710 | -€101,861 | -93.8% |
| Taxes, remuneration and social security | 45 | €25,464 | €52,413 | +€26,949 | +106% |
| Taxes | 450/3 | €25,464 | €52,413 | +€26,949 | +106% |
| Other amounts payable | 47/48 | €1,003,604 | €1,010,968 | +€7,365 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,681 | €109,802 | +€2,121 | +2.0% |
| Other operating charges | 640/8 | €19,140 | €20,191 | +€1,051 | +5.5% |
| Gross operating margin | 9900 | €380,526 | €211,298 | -€169,228 | -44.5% |
| Operating profit (loss) | 9901 | €253,705 | €81,305 | -€172,400 | -68.0% |
| Financial income | 75/76B | €135,128 | €65,051 | -€70,077 | -51.9% |
| Recurring financial income | 75 | €122,258 | €65,051 | -€57,207 | -46.8% |
| Non-recurring financial income | 76B | €12,870 | - | -€12,870 | |
| Financial charges | 65/66B | €28,375 | €54,538 | +€26,163 | +92.2% |
| Recurring financial charges | 65 | €28,375 | €54,538 | +€26,163 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €360,458 | €91,819 | -€268,639 | -74.5% |
| Income taxes | 67/77 | €93,687 | €37,998 | -€55,689 | -59.4% |
| Profit (loss) for the period | 9904 | €266,771 | €53,821 | -€212,950 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €266,771 | €53,821 | -€212,950 | -79.8% |
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 19 October 2026 via checked.be.