B.X.L.: 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.
B.X.L.
Largest movements
- Receivables within one year -€10,780
down €10,780 (-68.8%), from €15,668 to €4,888
of which Trade receivables: -€10,943
- Cash +€5,738
up €5,738 (+31.3%), from €18,326 to €24,064
mainly Net result for the year (+€14,391) and Receivables within one year (+€10,780)
- Stocks and contracts -€3,330
down €3,330 (-14.5%), from €23,036 to €19,706
- Profit (loss) carried forward +€14,391
up €14,391 (+9.7%), from -€148,915 to -€134,524
- Other debts -€10,788
down €10,788 (-10.6%), from €101,913 to €91,125
- Trade debts -€10,778
down €10,778 (-52.1%), from €20,696 to €9,918
- Tax, wage and social debts -€935
down €935 (-12.3%), from €7,594 to €6,659
- Gross operating margin -€1,586
down €1,586 (-7.0%), from €22,648 to €21,062
- Financial charges -€839
down €839 (-13.1%), from €6,395 to €5,556
- Financial income +€448
up €448 (+599%), from €75 to €523
- Other operating charges +€269
up €269 (+24.2%), from €1,112 to €1,381
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 | €61,175 | €53,065 | -€8,110 | -13.3% |
| Fixed assets | 21/28 | €2,700 | €3,281 | +€581 | +21.5% |
| Tangible fixed assets | 22/27 | €0 | €581 | +€581 | |
| Furniture and vehicles | 24 | €0 | €581 | +€581 | |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €58,475 | €49,784 | -€8,691 | -14.9% |
| Stocks and contracts in progress | 3 | €23,036 | €19,706 | -€3,330 | -14.5% |
| Stocks | 30/36 | €23,036 | €19,706 | -€3,330 | -14.5% |
| Amounts receivable within one year | 40/41 | €15,668 | €4,888 | -€10,780 | -68.8% |
| Trade receivables | 40 | €15,668 | €4,725 | -€10,943 | -69.8% |
| Other amounts receivable | 41 | €0 | €163 | +€163 | |
| Cash at bank and in hand | 54/58 | €18,326 | €24,064 | +€5,738 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,445 | €1,126 | -€320 | -22.1% |
| Total equity and liabilities | 10/49 | €61,175 | €53,065 | -€8,110 | -13.3% |
| Equity | 10/15 | -€118,964 | -€104,573 | +€14,391 | +12.1% |
| Contributions | 10/11 | €28,092 | €28,092 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,915 | -€134,524 | +€14,391 | +9.7% |
| Amounts payable | 17/49 | €180,139 | €157,638 | -€22,501 | -12.5% |
| Amounts payable within one year | 42/48 | €180,139 | €157,638 | -€22,501 | -12.5% |
| Financial debts | 43 | €49,935 | €49,935 | = | 0.0% |
| Credit institutions | 430/8 | €49,935 | €49,935 | = | 0.0% |
| Trade debts | 44 | €20,696 | €9,918 | -€10,778 | -52.1% |
| Suppliers | 440/4 | €20,696 | €9,918 | -€10,778 | -52.1% |
| Taxes, remuneration and social security | 45 | €7,594 | €6,659 | -€935 | -12.3% |
| Taxes | 450/3 | €7,594 | €6,659 | -€935 | -12.3% |
| Other amounts payable | 47/48 | €101,913 | €91,125 | -€10,788 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €19 | -€204 | -91.4% |
| Other operating charges | 640/8 | €1,112 | €1,381 | +€269 | +24.2% |
| Gross operating margin | 9900 | €22,648 | €21,062 | -€1,586 | -7.0% |
| Operating profit (loss) | 9901 | €21,313 | €19,661 | -€1,651 | -7.7% |
| Financial income | 75/76B | €75 | €523 | +€448 | +599% |
| Recurring financial income | 75 | €75 | €523 | +€448 | +599% |
| Financial charges | 65/66B | €6,395 | €5,556 | -€839 | -13.1% |
| Recurring financial charges | 65 | €6,395 | €5,556 | -€839 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €14,992 | €14,628 | -€364 | -2.4% |
| Income taxes | 67/77 | €300 | €237 | -€63 | -21.1% |
| Profit (loss) for the period | 9904 | €14,692 | €14,391 | -€301 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,692 | €14,391 | -€301 | -2.0% |
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 23 October 2026 via checked.be.