T-Lex: 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.
T-Lex
Largest movements
- Cash +€70,248
up €70,248 (+17.5%), from €402,058 to €472,306
mainly Net result for the year (+€411,465) and Tax, wage and social debts (+€48,593)
- Receivables within one year +€51,962
up €51,962 (+206.1%), from €25,208 to €77,170
of which Trade receivables: +€26,938
- Current investments -€25,000
down €25,000 (-5.0%), from €503,999 to €478,999
- Tax, wage and social debts +€48,593
up €48,593 (+226.4%), from €21,464 to €70,056
- Other debts +€33,111
up €33,111 (+9.0%), from €369,446 to €402,557
- Accrued charges and deferred income +€10,976
up €10,976 (+102.5%), from €10,708 to €21,684
- Gross operating margin +€298,224
up €298,224 (+117.6%), from €253,553 to €551,777
- Taxes +€72,630
up €72,630 (+116.6%), from €62,312 to €134,941
- Financial charges +€12,231
up €12,231 (+151.7%), from €8,064 to €20,295
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 | €944,815 | €1,037,282 | +€92,467 | +9.8% |
| Fixed assets | 21/28 | €8,301 | €8,134 | -€167 | -2.0% |
| Tangible fixed assets | 22/27 | €8,301 | €8,134 | -€167 | -2.0% |
| Plant, machinery and equipment | 23 | €8,301 | €8,134 | -€167 | -2.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €936,514 | €1,029,148 | +€92,634 | +9.9% |
| Amounts receivable within one year | 40/41 | €25,208 | €77,170 | +€51,962 | +206.1% |
| Trade receivables | 40 | €25,208 | €52,146 | +€26,938 | +106.9% |
| Other amounts receivable | 41 | €0 | €25,024 | +€25,024 | |
| Current investments | 50/53 | €503,999 | €478,999 | -€25,000 | -5.0% |
| Cash at bank and in hand | 54/58 | €402,058 | €472,306 | +€70,248 | +17.5% |
| Deferred charges and accrued income | 490/1 | €5,248 | €672 | -€4,576 | -87.2% |
| Total equity and liabilities | 10/49 | €944,815 | €1,037,282 | +€92,467 | +9.8% |
| Equity | 10/15 | €541,975 | €541,975 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €539,975 | €539,975 | = | 0.0% |
| Distributable reserves | 133 | €539,975 | €539,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €402,840 | €495,307 | +€92,467 | +23.0% |
| Amounts payable within one year | 42/48 | €392,132 | €473,623 | +€81,491 | +20.8% |
| Trade debts | 44 | €1,222 | €1,010 | -€212 | -17.4% |
| Suppliers | 440/4 | €1,222 | €1,010 | -€212 | -17.4% |
| Taxes, remuneration and social security | 45 | €21,464 | €70,056 | +€48,593 | +226.4% |
| Taxes | 450/3 | €21,464 | €70,056 | +€48,593 | +226.4% |
| Other amounts payable | 47/48 | €369,446 | €402,557 | +€33,111 | +9.0% |
| Accrued charges and deferred income | 492/3 | €10,708 | €21,684 | +€10,976 | +102.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,250 | €2,192 | -€5,058 | -69.8% |
| Other operating charges | 640/8 | €1,193 | €1,819 | +€627 | +52.5% |
| Gross operating margin | 9900 | €253,553 | €551,777 | +€298,224 | +117.6% |
| Operating profit (loss) | 9901 | €245,110 | €547,765 | +€302,656 | +123.5% |
| Financial income | 75/76B | €18,230 | €18,936 | +€706 | +3.9% |
| Recurring financial income | 75 | €18,230 | €18,936 | +€706 | +3.9% |
| Financial charges | 65/66B | €8,064 | €20,295 | +€12,231 | +151.7% |
| Recurring financial charges | 65 | €8,064 | €20,295 | +€12,231 | +151.7% |
| Profit (loss) for the period before taxes | 9903 | €255,275 | €546,406 | +€291,131 | +114.0% |
| Income taxes | 67/77 | €62,312 | €134,941 | +€72,630 | +116.6% |
| Profit (loss) for the period | 9904 | €192,964 | €411,465 | +€218,502 | +113.2% |
| Profit (loss) for the period to be appropriated | 9905 | €192,964 | €411,465 | +€218,502 | +113.2% |
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 29 September 2026 via checked.be.