Baxon: 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.
Baxon
Largest movements
- Cash +€64,406
up €64,406 (+49.1%), from €131,130 to €195,535
mainly Net result for the year (+€66,253) and Tax, wage and social debts (+€27,851)
- Receivables within one year +€25,845
up €25,845 (+138%), from €18,689 to €44,534
of which Trade receivables: +€18,150
- Reserves +€66,354
up €66,354 (+63.2%), from €105,000 to €171,354
- Tax, wage and social debts +€27,851
up €27,851 (+69.0%), from €40,358 to €68,208
of which Taxes: +€27,691
- Gross operating margin -€46,405
down €46,405 (-33.1%), from €140,249 to €93,844
- Taxes -€4,392
down €4,392 (-14.2%), from €31,015 to €26,623
- Financial charges -€1,698
down €1,698 (-88.9%), from €1,910 to €212
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.
Derived cash bridge
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 | €154,392 | €246,430 | +€92,039 | +59.6% |
| Fixed assets | 21/28 | €4,573 | €3,961 | -€612 | -13.4% |
| Tangible fixed assets | 22/27 | €4,573 | €3,961 | -€612 | -13.4% |
| Land and buildings | 22 | €3,258 | €2,913 | -€344 | -10.6% |
| Furniture and vehicles | 24 | €1,315 | €1,047 | -€268 | -20.4% |
| Current assets | 29/58 | €149,819 | €242,470 | +€92,651 | +61.8% |
| Amounts receivable within one year | 40/41 | €18,689 | €44,534 | +€25,845 | +138% |
| Trade receivables | 40 | €18,150 | €36,300 | +€18,150 | +100% |
| Other amounts receivable | 41 | €539 | €8,234 | +€7,695 | +1,427% |
| Cash at bank and in hand | 54/58 | €131,130 | €195,535 | +€64,406 | +49.1% |
| Deferred charges and accrued income | 490/1 | - | €2,400 | +€2,400 | |
| Total equity and liabilities | 10/49 | €154,392 | €246,430 | +€92,039 | +59.6% |
| Equity | 10/15 | €108,101 | €174,354 | +€66,253 | +61.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €171,354 | +€66,354 | +63.2% |
| Distributable reserves | 133 | €105,000 | €171,354 | +€66,354 | +63.2% |
| Profit (loss) carried forward | 14 | €101 | €0 | -€101 | -100% |
| Amounts payable | 17/49 | €46,291 | €72,076 | +€25,785 | +55.7% |
| Amounts payable within one year | 42/48 | €46,291 | €72,076 | +€25,785 | +55.7% |
| Trade debts | 44 | €4,767 | €3,068 | -€1,699 | -35.6% |
| Suppliers | 440/4 | €4,767 | €3,068 | -€1,699 | -35.6% |
| Taxes, remuneration and social security | 45 | €40,358 | €68,208 | +€27,851 | +69.0% |
| Taxes | 450/3 | €40,358 | €68,048 | +€27,691 | +68.6% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €1,167 | €800 | -€367 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,423 | €612 | -€811 | -57.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €140,249 | €93,844 | -€46,405 | -33.1% |
| Operating profit (loss) | 9901 | €138,826 | €93,088 | -€45,738 | -32.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,910 | €212 | -€1,698 | -88.9% |
| Recurring financial charges | 65 | €1,910 | €212 | -€1,698 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €136,916 | €92,877 | -€44,040 | -32.2% |
| Income taxes | 67/77 | €31,015 | €26,623 | -€4,392 | -14.2% |
| Profit (loss) for the period | 9904 | €105,901 | €66,253 | -€39,647 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,901 | €66,253 | -€39,647 | -37.4% |
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 14 October 2026 via checked.be.