AG BXL: 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.
AG BXL
Largest movements
- Receivables within one year +€11,774
up €11,774 (+102%), from €11,564 to €23,337
of which Trade receivables: +€11,172
- Tangible fixed assets -€7,835
down €7,835 (-56.7%), from €13,830 to €5,994
of which Furniture and vehicles: -€7,461
- Cash -€7,411
down €7,411 (-28.5%), from €26,010 to €18,600
mainly Receivables within one year (-€11,774) and Net result for the year (-€7,478)
- Stocks and contracts -€6,019
down €6,019 (-28.5%), from €21,095 to €15,076
- Profit (loss) carried forward -€7,478
down €7,478 (-23.0%), from €32,531 to €25,053
- Tax, wage and social debts -€1,300
down €1,300 (-14.3%), from €9,118 to €7,818
of which Remuneration and social security: -€1,069
- Trade debts -€930
down €930 (-8.3%), from €11,140 to €10,210
- Gross operating margin -€13,767
down €13,767 (-43.9%), from €31,359 to €17,593
- Staff costs -€5,609
down €5,609 (-48.9%), from €11,476 to €5,866
- Other operating charges +€4,727
new in 2025: €4,727
- Depreciation +€2,257
up €2,257 (+40.5%), from €5,578 to €7,835
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 | €75,762 | €66,270 | -€9,492 | -12.5% |
| Fixed assets | 21/28 | €17,093 | €9,257 | -€7,835 | -45.8% |
| Tangible fixed assets | 22/27 | €13,830 | €5,994 | -€7,835 | -56.7% |
| Plant, machinery and equipment | 23 | €681 | €307 | -€374 | -55.0% |
| Furniture and vehicles | 24 | €13,149 | €5,688 | -€7,461 | -56.7% |
| Financial fixed assets | 28 | €3,263 | €3,263 | = | 0.0% |
| Current assets | 29/58 | €58,669 | €57,013 | -€1,657 | -2.8% |
| Stocks and contracts in progress | 3 | €21,095 | €15,076 | -€6,019 | -28.5% |
| Stocks | 30/36 | €21,095 | €15,076 | -€6,019 | -28.5% |
| Amounts receivable within one year | 40/41 | €11,564 | €23,337 | +€11,774 | +102% |
| Trade receivables | 40 | €10,255 | €21,426 | +€11,172 | +109% |
| Other amounts receivable | 41 | €1,309 | €1,911 | +€602 | +46.0% |
| Cash at bank and in hand | 54/58 | €26,010 | €18,600 | -€7,411 | -28.5% |
| Total equity and liabilities | 10/49 | €75,762 | €66,270 | -€9,492 | -12.5% |
| Equity | 10/15 | €38,874 | €31,396 | -€7,478 | -19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143 | €143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €143 | €143 | = | 0.0% |
| Reserves not available under the articles | 1311 | €143 | €143 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,531 | €25,053 | -€7,478 | -23.0% |
| Amounts payable | 17/49 | €36,888 | €34,875 | -€2,014 | -5.5% |
| Amounts payable within one year | 42/48 | €36,888 | €34,875 | -€2,014 | -5.5% |
| Trade debts | 44 | €11,140 | €10,210 | -€930 | -8.3% |
| Suppliers | 440/4 | €11,140 | €10,210 | -€930 | -8.3% |
| Taxes, remuneration and social security | 45 | €9,118 | €7,818 | -€1,300 | -14.3% |
| Taxes | 450/3 | €7,276 | €7,046 | -€230 | -3.2% |
| Remuneration and social security | 454/9 | €1,842 | €772 | -€1,069 | -58.1% |
| Other amounts payable | 47/48 | €16,631 | €16,846 | +€216 | +1.3% |
| Remuneration, social security and pensions | 62 | €11,476 | €5,866 | -€5,609 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,578 | €7,835 | +€2,257 | +40.5% |
| Other operating charges | 640/8 | - | €4,727 | +€4,727 | |
| Gross operating margin | 9900 | €31,359 | €17,593 | -€13,767 | -43.9% |
| Operating profit (loss) | 9901 | €14,305 | -€836 | -€15,141 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €241 | €254 | +€13 | +5.4% |
| Recurring financial charges | 65 | €241 | €254 | +€13 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €14,064 | -€1,085 | -€15,149 | |
| Income taxes | 67/77 | €6,361 | €6,393 | +€32 | +0.5% |
| Profit (loss) for the period | 9904 | €7,703 | -€7,478 | -€15,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,703 | -€7,478 | -€15,181 |
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 28 October 2026 via checked.be.