AS 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.
AS BXL
Largest movements
- Cash -€1,729
down €1,729 (-7.2%), from €23,948 to €22,218
mainly Trade debts (-€799) and Stocks and contracts (-€561)
- Stocks and contracts +€561
up €561 (+7.4%), from €7,596 to €8,156
- Trade debts -€799
down €799 (-23.4%), from €3,423 to €2,624
- Tax, wage and social debts -€558
down €558 (-17.3%), from €3,216 to €2,658
of which Taxes: -€540
- Gross operating margin -€9,346
down €9,346 (-85.8%), from €10,891 to €1,545
- Financial income +€1,815
up €1,815 (+978%), from €186 to €2,000
- Taxes -€1,422
down €1,422 (-88.3%), from €1,611 to €189
- Staff costs -€429
down €429 (-14.5%), from €2,965 to €2,537
- Other operating charges -€316
down €316 (-44.2%), from €716 to €400
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 | €31,663 | €30,494 | -€1,169 | -3.7% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €31,543 | €30,374 | -€1,169 | -3.7% |
| Stocks and contracts in progress | 3 | €7,596 | €8,156 | +€561 | +7.4% |
| Stocks | 30/36 | €7,596 | €8,156 | +€561 | +7.4% |
| Cash at bank and in hand | 54/58 | €23,948 | €22,218 | -€1,729 | -7.2% |
| Total equity and liabilities | 10/49 | €31,663 | €30,494 | -€1,169 | -3.7% |
| Equity | 10/15 | €25,024 | €25,213 | +€188 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169 | €169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €169 | €169 | = | 0.0% |
| Reserves not available under the articles | 1311 | €169 | €169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,656 | €18,844 | +€188 | +1.0% |
| Amounts payable | 17/49 | €6,639 | €5,282 | -€1,357 | -20.4% |
| Amounts payable within one year | 42/48 | €6,639 | €5,282 | -€1,357 | -20.4% |
| Trade debts | 44 | €3,423 | €2,624 | -€799 | -23.4% |
| Suppliers | 440/4 | €3,423 | €2,624 | -€799 | -23.4% |
| Taxes, remuneration and social security | 45 | €3,216 | €2,658 | -€558 | -17.3% |
| Taxes | 450/3 | €2,507 | €1,968 | -€540 | -21.5% |
| Remuneration and social security | 454/9 | €709 | €691 | -€18 | -2.5% |
| Remuneration, social security and pensions | 62 | €2,965 | €2,537 | -€429 | -14.5% |
| Other operating charges | 640/8 | €716 | €400 | -€316 | -44.2% |
| Gross operating margin | 9900 | €10,891 | €1,545 | -€9,346 | -85.8% |
| Operating profit (loss) | 9901 | €7,210 | -€1,392 | -€8,602 | |
| Financial income | 75/76B | €186 | €2,000 | +€1,815 | +978% |
| Recurring financial income | 75 | €186 | €2,000 | +€1,815 | +978% |
| Financial charges | 65/66B | €276 | €231 | -€45 | -16.3% |
| Recurring financial charges | 65 | €276 | €231 | -€45 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €7,120 | €378 | -€6,742 | -94.7% |
| Income taxes | 67/77 | €1,611 | €189 | -€1,422 | -88.3% |
| Profit (loss) for the period | 9904 | €5,509 | €188 | -€5,320 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,509 | €188 | -€5,320 | -96.6% |
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 29 October 2026 via checked.be.