LXL: 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.
LXL
Largest movements
- Receivables within one year +€77,807
up €77,807 (+364%), from €21,347 to €99,155
of which Trade receivables: +€69,245
- Cash -€66,264
down €66,264 (-26.2%), from €252,588 to €186,324
mainly Contributions, distributions and other (-€157,287) and Receivables within one year (-€77,807)
- Tangible fixed assets -€28,413
down €28,413 (-9.8%), from €289,655 to €261,242
of which Land and buildings: -€14,388
- Other debts +€111,368
up €111,368 (+4,405%), from €2,528 to €113,896
- Reserves -€99,578
down €99,578 (-32.3%), from €308,034 to €208,457
of which Distributable reserves: -€99,578
- Debts after one year -€14,620
down €14,620 (-37.5%), from €38,944 to €24,324
- Revaluation surpluses -€7,996
down €7,996 (-5.5%), from €144,570 to €136,574
- Current portion of long-term debt -€7,483
down €7,483 (-24.5%), from €30,519 to €23,036
- Gross operating margin -€18,879
down €18,879 (-16.1%), from €117,374 to €98,495
- Taxes -€9,627
down €9,627 (-36.6%), from €26,272 to €16,645
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 | €563,708 | €551,148 | -€12,560 | -2.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €289,680 | €261,267 | -€28,413 | -9.8% |
| Tangible fixed assets | 22/27 | €289,655 | €261,242 | -€28,413 | -9.8% |
| Land and buildings | 22 | €261,193 | €246,805 | -€14,388 | -5.5% |
| Plant, machinery and equipment | 23 | €6,580 | €4,722 | -€1,858 | -28.2% |
| Furniture and vehicles | 24 | €1,190 | €555 | -€635 | -53.4% |
| Leasing and similar rights | 25 | €15,892 | €4,360 | -€11,532 | -72.6% |
| Other tangible fixed assets | 26 | €4,800 | €4,800 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €274,029 | €289,881 | +€15,852 | +5.8% |
| Amounts receivable within one year | 40/41 | €21,347 | €99,155 | +€77,807 | +364% |
| Trade receivables | 40 | €20,646 | €89,891 | +€69,245 | +335% |
| Other amounts receivable | 41 | €702 | €9,264 | +€8,562 | +1,220% |
| Cash at bank and in hand | 54/58 | €252,588 | €186,324 | -€66,264 | -26.2% |
| Deferred charges and accrued income | 490/1 | €93 | €4,403 | +€4,309 | +4,630% |
| Total equity and liabilities | 10/49 | €563,708 | €551,148 | -€12,560 | -2.2% |
| Equity | 10/15 | €471,205 | €363,631 | -€107,573 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €144,570 | €136,574 | -€7,996 | -5.5% |
| Reserves | 13 | €308,034 | €208,457 | -€99,578 | -32.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €306,174 | €206,597 | -€99,578 | -32.5% |
| Amounts payable | 17/49 | €92,504 | €187,517 | +€95,013 | +103% |
| Amounts payable after more than one year | 17 | €38,944 | €24,324 | -€14,620 | -37.5% |
| Financial debts | 170/4 | €38,944 | €24,324 | -€14,620 | -37.5% |
| Amounts payable within one year | 42/48 | €53,560 | €160,907 | +€107,347 | +200% |
| Current portion of amounts payable after more than one year | 42 | €30,519 | €23,036 | -€7,483 | -24.5% |
| Trade debts | 44 | €7,773 | €13,712 | +€5,939 | +76.4% |
| Suppliers | 440/4 | €7,773 | €13,712 | +€5,939 | +76.4% |
| Taxes, remuneration and social security | 45 | €12,740 | €10,263 | -€2,476 | -19.4% |
| Taxes | 450/3 | €11,529 | €10,103 | -€1,425 | -12.4% |
| Remuneration and social security | 454/9 | €1,211 | €160 | -€1,051 | -86.8% |
| Other amounts payable | 47/48 | €2,528 | €113,896 | +€111,368 | +4,405% |
| Accrued charges and deferred income | 492/3 | - | €2,286 | +€2,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,778 | €28,413 | -€366 | -1.3% |
| Other operating charges | 640/8 | €4,666 | €4,498 | -€169 | -3.6% |
| Gross operating margin | 9900 | €117,374 | €98,495 | -€18,879 | -16.1% |
| Operating profit (loss) | 9901 | €83,929 | €65,584 | -€18,345 | -21.9% |
| Financial income | 75/76B | €4,102 | €2,941 | -€1,161 | -28.3% |
| Recurring financial income | 75 | €4,102 | €2,941 | -€1,161 | -28.3% |
| Financial charges | 65/66B | €2,970 | €2,166 | -€804 | -27.1% |
| Recurring financial charges | 65 | €2,970 | €2,166 | -€804 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €85,061 | €66,359 | -€18,702 | -22.0% |
| Income taxes | 67/77 | €26,272 | €16,645 | -€9,627 | -36.6% |
| Profit (loss) for the period | 9904 | €58,788 | €49,714 | -€9,075 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,788 | €49,714 | -€9,075 | -15.4% |
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.