BAX IMMO: 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 IMMO
Largest movements
- Financial fixed assets +€30,495
new in 2025: €30,495
- Receivables within one year -€22,888
down €22,888 (-96.5%), from €23,729 to €841
- Other debts +€8,262
new in 2025: €8,262
- Profit (loss) carried forward -€1,848
down €1,848 (-3.7%), from -€50,581 to -€52,429
- Depreciation -€3,198
down €3,198 (-73.9%), from €4,325 to €1,127
- Gross operating margin +€1,061
up €1,061 (+76.8%), from -€1,382 to -€321
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 | €131,619 | €138,033 | +€6,415 | +4.9% |
| Fixed assets | 21/28 | €88,344 | €117,712 | +€29,368 | +33.2% |
| Tangible fixed assets | 22/27 | €88,344 | €87,217 | -€1,127 | -1.3% |
| Land and buildings | 22 | €88,344 | €87,217 | -€1,127 | -1.3% |
| Financial fixed assets | 28 | - | €30,495 | +€30,495 | |
| Current assets | 29/58 | €43,275 | €20,322 | -€22,954 | -53.0% |
| Stocks and contracts in progress | 3 | €19,300 | €19,300 | = | 0.0% |
| Stocks | 30/36 | €19,300 | €19,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,729 | €841 | -€22,888 | -96.5% |
| Other amounts receivable | 41 | €23,729 | €841 | -€22,888 | -96.5% |
| Cash at bank and in hand | 54/58 | €247 | €181 | -€66 | -26.7% |
| Total equity and liabilities | 10/49 | €131,619 | €138,033 | +€6,415 | +4.9% |
| Equity | 10/15 | €131,619 | €129,771 | -€1,848 | -1.4% |
| Contributions | 10/11 | €182,200 | €182,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,581 | -€52,429 | -€1,848 | -3.7% |
| Amounts payable | 17/49 | - | €8,262 | +€8,262 | |
| Amounts payable within one year | 42/48 | - | €8,262 | +€8,262 | |
| Other amounts payable | 47/48 | - | €8,262 | +€8,262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,325 | €1,127 | -€3,198 | -73.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,382 | -€321 | +€1,061 | +76.8% |
| Operating profit (loss) | 9901 | -€6,094 | -€1,848 | +€4,247 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,094 | -€1,848 | +€4,247 | +69.7% |
| Profit (loss) for the period | 9904 | -€6,094 | -€1,848 | +€4,247 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,094 | -€1,848 | +€4,247 | +69.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.