BAX IJZERWAREN: 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.
BAX IJZERWAREN
Largest movements
- Current investments +€60,000
up €60,000 (+13.3%), from €450,000 to €510,000
- Stocks and contracts +€32,928
up €32,928 (+39.0%), from €84,506 to €117,434
- Reserves +€83,175
up €83,175 (+13.5%), from €618,057 to €701,232
of which Distributable reserves: +€83,175
- Gross operating margin -€3,823
down €3,823 (-2.0%), from €196,006 to €192,184
- Taxes -€3,587
down €3,587 (-9.8%), from €36,686 to €33,099
- Staff costs +€3,314
up €3,314 (+6.0%), from €55,285 to €58,599
- Financial income -€2,991
down €2,991 (-14.2%), from €20,999 to €18,008
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 | €978,032 | €1,074,053 | +€96,021 | +9.8% |
| Fixed assets | 21/28 | €347,830 | €339,938 | -€7,892 | -2.3% |
| Tangible fixed assets | 22/27 | €347,830 | €339,938 | -€7,892 | -2.3% |
| Land and buildings | 22 | €347,830 | €336,131 | -€11,699 | -3.4% |
| Furniture and vehicles | 24 | - | €3,807 | +€3,807 | |
| Current assets | 29/58 | €630,203 | €734,115 | +€103,912 | +16.5% |
| Stocks and contracts in progress | 3 | €84,506 | €117,434 | +€32,928 | +39.0% |
| Stocks | 30/36 | €84,506 | €117,434 | +€32,928 | +39.0% |
| Amounts receivable within one year | 40/41 | €34,436 | €36,877 | +€2,440 | +7.1% |
| Trade receivables | 40 | €33,464 | €35,687 | +€2,223 | +6.6% |
| Other amounts receivable | 41 | €972 | €1,190 | +€218 | +22.4% |
| Current investments | 50/53 | €450,000 | €510,000 | +€60,000 | +13.3% |
| Cash at bank and in hand | 54/58 | €61,261 | €69,805 | +€8,544 | +13.9% |
| Total equity and liabilities | 10/49 | €978,032 | €1,074,053 | +€96,021 | +9.8% |
| Equity | 10/15 | €817,760 | €900,935 | +€83,175 | +10.2% |
| Contributions | 10/11 | €199,703 | €199,703 | = | 0.0% |
| Capital | 10 | €199,703 | €199,703 | = | 0.0% |
| Issued capital | 100 | €199,703 | €199,703 | = | 0.0% |
| Reserves | 13 | €618,057 | €701,232 | +€83,175 | +13.5% |
| Non-distributable reserves | 130/1 | €22,640 | €22,640 | = | 0.0% |
| Legal reserve | 130 | €22,640 | €22,640 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,000 | €53,000 | = | 0.0% |
| Distributable reserves | 133 | €542,417 | €625,591 | +€83,175 | +15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,272 | €173,119 | +€12,846 | +8.0% |
| Amounts payable within one year | 42/48 | €160,272 | €173,119 | +€12,846 | +8.0% |
| Trade debts | 44 | €10,558 | €16,879 | +€6,320 | +59.9% |
| Suppliers | 440/4 | €10,558 | €16,879 | +€6,320 | +59.9% |
| Taxes, remuneration and social security | 45 | €32,357 | €33,726 | +€1,369 | +4.2% |
| Taxes | 450/3 | €25,832 | €26,984 | +€1,152 | +4.5% |
| Remuneration and social security | 454/9 | €6,526 | €6,742 | +€216 | +3.3% |
| Other amounts payable | 47/48 | €117,357 | €122,514 | +€5,157 | +4.4% |
| Non-recurring operating income | 76A | - | €6,800 | +€6,800 | |
| Remuneration, social security and pensions | 62 | €55,285 | €58,599 | +€3,314 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €12,153 | +€455 | +3.9% |
| Other operating charges | 640/8 | €11,372 | €11,591 | +€219 | +1.9% |
| Gross operating margin | 9900 | €196,006 | €192,184 | -€3,823 | -2.0% |
| Operating profit (loss) | 9901 | €117,651 | €109,840 | -€7,811 | -6.6% |
| Financial income | 75/76B | €20,999 | €18,008 | -€2,991 | -14.2% |
| Recurring financial income | 75 | €20,999 | €18,008 | -€2,991 | -14.2% |
| Financial charges | 65/66B | €11,514 | €11,574 | +€60 | +0.5% |
| Recurring financial charges | 65 | €11,514 | €11,574 | +€60 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €127,136 | €116,274 | -€10,862 | -8.5% |
| Income taxes | 67/77 | €36,686 | €33,099 | -€3,587 | -9.8% |
| Profit (loss) for the period | 9904 | €90,450 | €83,175 | -€7,275 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,450 | €83,175 | -€7,275 | -8.0% |
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 9 October 2026 via checked.be.