BA-XI-MO: what changed
BA-XI-MO
Largest movements
- Cash +€58,433
up €58,433 (+421%), from €13,885 to €72,318
mainly Net result for the year (+€145,420) and Investment in fixed assets (net) (+€13,925)
- Tangible fixed assets -€26,659
down €26,659 (-6.1%), from €440,089 to €413,430
of which Land and buildings: -€32,678
- Profit (loss) carried forward +€145,420
up €145,420 (+94.4%), from -€154,069 to -€8,649
- Other debts -€49,915
down €49,915 (-24.7%), from €202,253 to €152,338
- Revaluation surpluses -€41,954
no longer reported in 2025 (was €41,954)
- Debts after one year -€27,680
down €27,680 (-8.4%), from €330,827 to €303,147
of which Other amounts payable: -€16,390
- Current portion of long-term debt +€4,923
up €4,923 (+41.5%), from €11,869 to €16,792
- Gross operating margin +€34,976
up €34,976 (+26.1%), from €133,894 to €168,870
- Depreciation -€1,965
down €1,965 (-13.4%), from €14,699 to €12,734
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,724 | €486,350 | +€31,626 | +7.0% |
| Fixed assets | 21/28 | €440,089 | €413,430 | -€26,659 | -6.1% |
| Tangible fixed assets | 22/27 | €440,089 | €413,430 | -€26,659 | -6.1% |
| Land and buildings | 22 | €440,089 | €407,411 | -€32,678 | -7.4% |
| Furniture and vehicles | 24 | - | €6,019 | +€6,019 | |
| Current assets | 29/58 | €14,635 | €72,920 | +€58,285 | +398% |
| Amounts receivable within one year | 40/41 | €66 | - | -€66 | |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €13,885 | €72,318 | +€58,433 | +421% |
| Deferred charges and accrued income | 490/1 | €684 | €602 | -€82 | -12.0% |
| Total equity and liabilities | 10/49 | €454,724 | €486,350 | +€31,626 | +7.0% |
| Equity | 10/15 | -€93,515 | €9,951 | +€103,466 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €41,954 | - | -€41,954 | |
| Profit (loss) carried forward | 14 | -€154,069 | -€8,649 | +€145,420 | +94.4% |
| Amounts payable | 17/49 | €548,239 | €476,399 | -€71,840 | -13.1% |
| Amounts payable after more than one year | 17 | €330,827 | €303,147 | -€27,680 | -8.4% |
| Financial debts | 170/4 | €211,377 | €200,087 | -€11,290 | -5.3% |
| Other amounts payable | 178/9 | €119,450 | €103,060 | -€16,390 | -13.7% |
| Amounts payable within one year | 42/48 | €217,412 | €173,252 | -€44,160 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €11,869 | €16,792 | +€4,923 | +41.5% |
| Trade debts | 44 | €3,290 | €3,146 | -€144 | -4.4% |
| Suppliers | 440/4 | €3,290 | €3,146 | -€144 | -4.4% |
| Taxes, remuneration and social security | 45 | - | €976 | +€976 | |
| Taxes | 450/3 | - | €976 | +€976 | |
| Other amounts payable | 47/48 | €202,253 | €152,338 | -€49,915 | -24.7% |
| Non-recurring operating income | 76A | €118,884 | €147,518 | +€28,634 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,699 | €12,734 | -€1,965 | -13.4% |
| Other operating charges | 640/8 | €3,103 | €4,688 | +€1,585 | +51.1% |
| Gross operating margin | 9900 | €133,894 | €168,870 | +€34,976 | +26.1% |
| Operating profit (loss) | 9901 | €116,092 | €151,448 | +€35,356 | +30.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,747 | €5,863 | -€884 | -13.1% |
| Recurring financial charges | 65 | €6,747 | €5,863 | -€884 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €109,346 | €145,585 | +€36,239 | +33.1% |
| Income taxes | 67/77 | - | €165 | +€165 | |
| Profit (loss) for the period | 9904 | €109,346 | €145,420 | +€36,074 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,346 | €145,420 | +€36,074 | +33.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.