LX Concept: 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.
LX Concept
Largest movements
- Cash +€221,973
up €221,973 (+44.5%), from €498,997 to €720,970
mainly Other debts (+€308,884) and Net result for the year (+€176,875)
- Receivables within one year +€97,391
up €97,391 (+32.8%), from €297,237 to €394,628
of which Trade receivables: +€99,201
- Tangible fixed assets -€31,658
down €31,658 (-18.4%), from €172,212 to €140,554
of which Furniture and vehicles: -€20,483
- Other debts +€308,884
up €308,884 (+480%), from €64,357 to €373,242
- Reserves -€220,156
down €220,156 (-33.3%), from €661,617 to €441,461
- Accrued charges and deferred income +€129,682
up €129,682 (+116%), from €112,166 to €241,848
- Tax, wage and social debts +€78,801
up €78,801 (+474%), from €16,607 to €95,409
of which Taxes: +€41,306
- Gross operating margin +€189,939
up €189,939 (+57.0%), from €333,278 to €523,216
- Staff costs +€110,990
up €110,990 (+94.7%), from €117,158 to €228,149
- Taxes +€28,156
up €28,156 (+59.6%), from €47,218 to €75,375
- Write-downs -€15,018
no longer reported in 2025 (was €15,018)
- Depreciation +€10,359
up €10,359 (+39.7%), from €26,104 to €36,464
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 | €971,507 | €1,262,112 | +€290,606 | +29.9% |
| Fixed assets | 21/28 | €172,212 | €140,554 | -€31,658 | -18.4% |
| Tangible fixed assets | 22/27 | €172,212 | €140,554 | -€31,658 | -18.4% |
| Land and buildings | 22 | €87,858 | €74,803 | -€13,055 | -14.9% |
| Plant, machinery and equipment | 23 | - | €1,880 | +€1,880 | |
| Furniture and vehicles | 24 | €84,354 | €63,871 | -€20,483 | -24.3% |
| Current assets | 29/58 | €799,295 | €1,121,558 | +€322,263 | +40.3% |
| Amounts receivable within one year | 40/41 | €297,237 | €394,628 | +€97,391 | +32.8% |
| Trade receivables | 40 | €280,347 | €379,549 | +€99,201 | +35.4% |
| Other amounts receivable | 41 | €16,890 | €15,080 | -€1,810 | -10.7% |
| Cash at bank and in hand | 54/58 | €498,997 | €720,970 | +€221,973 | +44.5% |
| Deferred charges and accrued income | 490/1 | €3,061 | €5,960 | +€2,899 | +94.7% |
| Total equity and liabilities | 10/49 | €971,507 | €1,262,112 | +€290,606 | +29.9% |
| Equity | 10/15 | €680,217 | €460,061 | -€220,156 | -32.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €661,617 | €441,461 | -€220,156 | -33.3% |
| Distributable reserves | 133 | €661,617 | €441,461 | -€220,156 | -33.3% |
| Amounts payable | 17/49 | €291,290 | €802,051 | +€510,762 | +175% |
| Amounts payable after more than one year | 17 | €67,347 | €56,489 | -€10,858 | -16.1% |
| Financial debts | 170/4 | €67,347 | €56,489 | -€10,858 | -16.1% |
| Amounts payable within one year | 42/48 | €111,777 | €503,715 | +€391,938 | +351% |
| Current portion of amounts payable after more than one year | 42 | €10,382 | €10,858 | +€476 | +4.6% |
| Trade debts | 44 | €20,430 | €24,206 | +€3,776 | +18.5% |
| Suppliers | 440/4 | €20,430 | €24,206 | +€3,776 | +18.5% |
| Taxes, remuneration and social security | 45 | €16,607 | €95,409 | +€78,801 | +474% |
| Taxes | 450/3 | €16,607 | €57,913 | +€41,306 | +249% |
| Remuneration and social security | 454/9 | - | €37,496 | +€37,496 | |
| Other amounts payable | 47/48 | €64,357 | €373,242 | +€308,884 | +480% |
| Accrued charges and deferred income | 492/3 | €112,166 | €241,848 | +€129,682 | +116% |
| Non-recurring operating income | 76A | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | €117,158 | €228,149 | +€110,990 | +94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,104 | €36,464 | +€10,359 | +39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,018 | - | -€15,018 | |
| Other operating charges | 640/8 | €5,150 | €5,260 | +€109 | +2.1% |
| Gross operating margin | 9900 | €333,278 | €523,216 | +€189,939 | +57.0% |
| Operating profit (loss) | 9901 | €169,846 | €253,345 | +€83,498 | +49.2% |
| Financial income | 75/76B | €2,612 | €3,146 | +€535 | +20.5% |
| Recurring financial income | 75 | €2,612 | €3,146 | +€535 | +20.5% |
| Financial charges | 65/66B | €4,851 | €4,241 | -€609 | -12.6% |
| Recurring financial charges | 65 | €4,851 | €4,241 | -€609 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €167,608 | €252,250 | +€84,642 | +50.5% |
| Income taxes | 67/77 | €47,218 | €75,375 | +€28,156 | +59.6% |
| Profit (loss) for the period | 9904 | €120,389 | €176,875 | +€56,486 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,389 | €176,875 | +€56,486 | +46.9% |
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 21 October 2026 via checked.be.