P.TH Lex: 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.
P.TH Lex
Largest movements
- Cash +€34,082
up €34,082 (+454%), from €7,505 to €41,587
mainly Net result for the year (+€28,698) and Tax, wage and social debts (+€4,910)
- Receivables within one year +€2,243
new in 2025: €2,243
of which Trade receivables: +€2,050
- Profit (loss) carried forward +€28,698
up €28,698 (+930%), from €3,085 to €31,783
- Tax, wage and social debts +€4,910
up €4,910 (+209%), from €2,354 to €7,264
- Trade debts +€3,758
up €3,758 (+832%), from €452 to €4,210
- Other debts -€1,042
down €1,042 (-93.5%), from €1,114 to €72
- Gross operating margin +€31,959
up €31,959 (+592%), from €5,401 to €37,360
- Taxes +€7,586
up €7,586 (+740%), from €1,025 to €8,611
- Other operating charges -€427
no longer reported in 2025 (was €427)
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 | €7,505 | €43,830 | +€36,325 | +484% |
| Current assets | 29/58 | €7,505 | €43,830 | +€36,325 | +484% |
| Amounts receivable within one year | 40/41 | - | €2,243 | +€2,243 | |
| Trade receivables | 40 | - | €2,050 | +€2,050 | |
| Other amounts receivable | 41 | - | €193 | +€193 | |
| Cash at bank and in hand | 54/58 | €7,505 | €41,587 | +€34,082 | +454% |
| Total equity and liabilities | 10/49 | €7,505 | €43,830 | +€36,325 | +484% |
| Equity | 10/15 | €3,585 | €32,283 | +€28,698 | +800% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,085 | €31,783 | +€28,698 | +930% |
| Amounts payable | 17/49 | €3,920 | €11,547 | +€7,627 | +195% |
| Amounts payable within one year | 42/48 | €3,920 | €11,547 | +€7,627 | +195% |
| Trade debts | 44 | €452 | €4,210 | +€3,758 | +832% |
| Suppliers | 440/4 | €452 | €4,210 | +€3,758 | +832% |
| Taxes, remuneration and social security | 45 | €2,354 | €7,264 | +€4,910 | +209% |
| Taxes | 450/3 | €2,354 | €7,264 | +€4,910 | +209% |
| Other amounts payable | 47/48 | €1,114 | €72 | -€1,042 | -93.5% |
| Other operating charges | 640/8 | €427 | - | -€427 | |
| Gross operating margin | 9900 | €5,401 | €37,360 | +€31,959 | +592% |
| Operating profit (loss) | 9901 | €4,973 | €37,360 | +€32,387 | +651% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5 | €51 | +€46 | +1,008% |
| Recurring financial charges | 65 | €5 | €51 | +€46 | +1,008% |
| Profit (loss) for the period before taxes | 9903 | €4,969 | €37,309 | +€32,341 | +651% |
| Income taxes | 67/77 | €1,025 | €8,611 | +€7,586 | +740% |
| Profit (loss) for the period | 9904 | €3,944 | €28,698 | +€24,754 | +628% |
| Profit (loss) for the period to be appropriated | 9905 | €3,944 | €28,698 | +€24,754 | +628% |
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 25 October 2026 via checked.be.