BAX DECO: 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.
BAX DECO
Largest movements
- Tangible fixed assets +€29,785
up €29,785 (+1369.6%), from €2,175 to €31,960
of which Furniture and vehicles: +€29,233
- Receivables within one year -€22,794
down €22,794 (-42.4%), from €53,732 to €30,938
of which Trade receivables: -€18,110
- Cash +€18,227
up €18,227 (+105.7%), from €17,250 to €35,477
mainly Receivables within one year (+€22,794) and Net result for the year (+€22,302)
- Deferred charges and accrued income -€1,971
down €1,971 (-58.9%), from €3,349 to €1,378
- Debts after one year +€20,532
up €20,532 (+69.4%), from €29,571 to €50,104
of which Financial debts: +€14,134
- Profit (loss) carried forward +€6,619
no longer reported in 2025 (was -€6,619)
- Current portion of long-term debt +€5,867
up €5,867 (+67.7%), from €8,663 to €14,529
- Tax, wage and social debts -€5,135
down €5,135 (-25.0%), from €20,555 to €15,420
of which Remuneration and social security: -€2,861
- Trade debts -€5,025
down €5,025 (-58.5%), from €8,595 to €3,570
- Gross operating margin +€26,166
up €26,166 (+182.1%), from €14,371 to €40,538
- Staff costs +€2,421
up €2,421 (+31.6%), from €7,660 to €10,081
- Depreciation +€2,382
up €2,382 (+305.3%), from €780 to €3,162
- Taxes +€2,239
new in 2025: €2,239
- Financial charges +€421
up €421 (+29.3%), from €1,439 to €1,860
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 | €81,714 | €104,613 | +€22,899 | +28.0% |
| Fixed assets | 21/28 | €2,175 | €31,960 | +€29,785 | +1369.6% |
| Tangible fixed assets | 22/27 | €2,175 | €31,960 | +€29,785 | +1369.6% |
| Plant, machinery and equipment | 23 | €2,052 | €2,605 | +€552 | +26.9% |
| Furniture and vehicles | 24 | €122 | €29,355 | +€29,233 | +23900.6% |
| Current assets | 29/58 | €79,539 | €72,654 | -€6,886 | -8.7% |
| Stocks and contracts in progress | 3 | €5,208 | €4,861 | -€347 | -6.7% |
| Stocks | 30/36 | €5,208 | €4,861 | -€347 | -6.7% |
| Amounts receivable within one year | 40/41 | €53,732 | €30,938 | -€22,794 | -42.4% |
| Trade receivables | 40 | €26,117 | €8,007 | -€18,110 | -69.3% |
| Other amounts receivable | 41 | €27,615 | €22,931 | -€4,683 | -17.0% |
| Cash at bank and in hand | 54/58 | €17,250 | €35,477 | +€18,227 | +105.7% |
| Deferred charges and accrued income | 490/1 | €3,349 | €1,378 | -€1,971 | -58.9% |
| Total equity and liabilities | 10/49 | €81,714 | €104,613 | +€22,899 | +28.0% |
| Equity | 10/15 | €14,281 | €20,900 | +€6,619 | +46.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,619 | - | +€6,619 | |
| Amounts payable | 17/49 | €67,433 | €83,713 | +€16,280 | +24.1% |
| Amounts payable after more than one year | 17 | €29,571 | €50,104 | +€20,532 | +69.4% |
| Financial debts | 170/4 | €26,785 | €40,918 | +€14,134 | +52.8% |
| Other amounts payable | 178/9 | €2,787 | €9,185 | +€6,398 | +229.6% |
| Amounts payable within one year | 42/48 | €37,813 | €33,520 | -€4,293 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €8,663 | €14,529 | +€5,867 | +67.7% |
| Trade debts | 44 | €8,595 | €3,570 | -€5,025 | -58.5% |
| Suppliers | 440/4 | €8,595 | €3,570 | -€5,025 | -58.5% |
| Taxes, remuneration and social security | 45 | €20,555 | €15,420 | -€5,135 | -25.0% |
| Taxes | 450/3 | €13,167 | €10,894 | -€2,274 | -17.3% |
| Remuneration and social security | 454/9 | €7,388 | €4,527 | -€2,861 | -38.7% |
| Accrued charges and deferred income | 492/3 | €49 | €90 | +€41 | +84.0% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €7,660 | €10,081 | +€2,421 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780 | €3,162 | +€2,382 | +305.3% |
| Other operating charges | 640/8 | €923 | €953 | +€30 | +3.3% |
| Gross operating margin | 9900 | €14,371 | €40,538 | +€26,166 | +182.1% |
| Operating profit (loss) | 9901 | €5,008 | €26,341 | +€21,334 | +426.0% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €1,439 | €1,860 | +€421 | +29.3% |
| Recurring financial charges | 65 | €1,439 | €1,860 | +€421 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €3,569 | €24,541 | +€20,972 | +587.6% |
| Income taxes | 67/77 | - | €2,239 | +€2,239 | |
| Profit (loss) for the period | 9904 | €3,569 | €22,302 | +€18,733 | +524.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,569 | €22,302 | +€18,733 | +524.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.