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BAX OPSLAGBEDRIJF: 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.

What changed

BAX OPSLAGBEDRIJF

BE 0437.750.706
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,000
2024 · -€261-€31,739
Equity
€67,359
2024 · €99,358-€32,000
Cash
€12,118
2024 · €44,315-€32,198
Balance sheet total
€680,614
2024 · €748,776-€68,161

Largest movements

2024 to 2025
Assets
  • Cash -€32,198

    down €32,198 (-72.7%), from €44,315 to €12,118

    mainly Trade debts (-€76,745) and Net result for the year (-€32,000)

  • Tangible fixed assets -€30,552

    down €30,552 (-4.7%), from €651,962 to €621,410

Equity and liabilities
  • Trade debts -€76,745

    no longer reported in 2025 (was €76,745)

  • Other debts +€37,180

    up €37,180 (+6.6%), from €560,398 to €597,578

  • Profit (loss) carried forward -€32,000

    down €32,000 (-47.1%), from -€67,904 to -€99,904

Income statement
  • Gross operating margin -€30,589

    down €30,589 (-47.7%), from €64,130 to €33,541

  • Other operating charges +€3,194

    up €3,194 (+14.7%), from €21,683 to €24,877

  • Financial charges -€1,297

    down €1,297 (-30.9%), from €4,203 to €2,906

  • Depreciation -€747

    down €747 (-1.9%), from €38,505 to €37,758

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€261
Gross operating margin -€30,589
Depreciation +€747
Other operating charges -€3,194
Financial income +€0
Financial charges +€1,297
Result 2025 -€32,000
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€30,392
Investment -€6,706
Financing +€4,900
Cash 2024 €44,315
Net result for the year -€32,000
Depreciation +€37,758
Receivables after one year +€4,293
Receivables within one year +€618
Trade debts -€76,745
Tax, wage and social debts +€103
Other debts +€37,180
Accrued charges and deferred income -€1,600
Investment in fixed assets (net) -€6,706
Debts after one year +€4,900
Cash 2025 €12,118
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €748,776 €680,614 -€68,161 -9.1%
Fixed assets 21/28 €652,462 €621,410 -€31,052 -4.8%
Tangible fixed assets 22/27 €651,962 €621,410 -€30,552 -4.7%
Land and buildings 22 €651,962 €621,410 -€30,552 -4.7%
Financial fixed assets 28 €500 - -€500
Current assets 29/58 €96,314 €59,205 -€37,109 -38.5%
Amounts receivable after more than one year 29 €4,293 - -€4,293
Trade receivables 290 €4,293 - -€4,293
Amounts receivable within one year 40/41 €618 - -€618
Other amounts receivable 41 €618 - -€618
Cash at bank and in hand 54/58 €44,315 €12,118 -€32,198 -72.7%
Deferred charges and accrued income 490/1 €47,087 €47,087 = 0.0%
Total equity and liabilities 10/49 €748,776 €680,614 -€68,161 -9.1%
Equity 10/15 €99,358 €67,359 -€32,000 -32.2%
Contributions 10/11 €124,195 €124,195 = 0.0%
Reserves 13 €43,068 €43,068 = 0.0%
Non-distributable reserves 130/1 €32,361 €32,361 = 0.0%
Reserves not available under the articles 1311 €32,361 €32,361 = 0.0%
Tax-exempt reserves 132 €10,707 €10,707 = 0.0%
Profit (loss) carried forward 14 -€67,904 -€99,904 -€32,000 -47.1%
Amounts payable 17/49 €649,417 €613,256 -€36,162 -5.6%
Amounts payable after more than one year 17 €10,674 €15,574 +€4,900 +45.9%
Other amounts payable 178/9 €10,674 €15,574 +€4,900 +45.9%
Amounts payable within one year 42/48 €637,143 €597,682 -€39,462 -6.2%
Trade debts 44 €76,745 - -€76,745
Suppliers 440/4 €76,745 - -€76,745
Taxes, remuneration and social security 45 - €103 +€103
Taxes 450/3 - €103 +€103
Other amounts payable 47/48 €560,398 €597,578 +€37,180 +6.6%
Accrued charges and deferred income 492/3 €1,600 - -€1,600
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €38,505 €37,758 -€747 -1.9%
Other operating charges 640/8 €21,683 €24,877 +€3,194 +14.7%
Gross operating margin 9900 €64,130 €33,541 -€30,589 -47.7%
Operating profit (loss) 9901 €3,942 -€29,094 -€33,036
Financial income 75/76B - €0 +€0
Recurring financial income 75 - €0 +€0
Financial charges 65/66B €4,203 €2,906 -€1,297 -30.9%
Recurring financial charges 65 €4,203 €2,906 -€1,297 -30.9%
Profit (loss) for the period before taxes 9903 -€261 -€32,000 -€31,739 -12,162%
Profit (loss) for the period 9904 -€261 -€32,000 -€31,739 -12,162%
Profit (loss) for the period to be appropriated 9905 -€261 -€32,000 -€31,739 -12,162%

Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.