BAXX: 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.
BAXX
Largest movements
- Cash +€23,014
up €23,014 (+268.1%), from €8,583 to €31,597
mainly Other debts (+€37,686) and Current investments (+€20,000)
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Tangible fixed assets -€13,322
down €13,322 (-23.2%), from €57,493 to €44,171
of which Furniture and vehicles: -€15,379
- Receivables within one year -€6,755
down €6,755 (-51.7%), from €13,061 to €6,305
of which Other amounts receivable: -€7,922
- Deferred charges and accrued income +€1,963
new in 2025: €1,963
- Reserves -€40,616
down €40,616 (-68.5%), from €59,308 to €18,692
- Other debts +€37,686
new in 2025: €37,686
- Debts after one year -€14,186
down €14,186 (-74.8%), from €18,962 to €4,776
- Trade debts +€1,974
up €1,974 (+1051.1%), from €188 to €2,162
- Gross operating margin +€21,803
up €21,803 (+95.5%), from €22,821 to €44,624
- Taxes +€4,208
up €4,208 (+241.5%), from €1,743 to €5,950
- Depreciation +€693
up €693 (+3.9%), from €17,903 to €18,595
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 | €99,137 | €84,036 | -€15,101 | -15.2% |
| Fixed assets | 21/28 | €57,493 | €44,171 | -€13,322 | -23.2% |
| Tangible fixed assets | 22/27 | €57,493 | €44,171 | -€13,322 | -23.2% |
| Plant, machinery and equipment | 23 | €26 | €4,421 | +€4,395 | +17162.5% |
| Furniture and vehicles | 24 | €48,248 | €32,869 | -€15,379 | -31.9% |
| Other tangible fixed assets | 26 | €9,219 | €6,881 | -€2,339 | -25.4% |
| Current assets | 29/58 | €41,644 | €39,866 | -€1,778 | -4.3% |
| Amounts receivable within one year | 40/41 | €13,061 | €6,305 | -€6,755 | -51.7% |
| Trade receivables | 40 | €3,498 | €4,665 | +€1,167 | +33.4% |
| Other amounts receivable | 41 | €9,563 | €1,640 | -€7,922 | -82.8% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €8,583 | €31,597 | +€23,014 | +268.1% |
| Deferred charges and accrued income | 490/1 | - | €1,963 | +€1,963 | |
| Total equity and liabilities | 10/49 | €99,137 | €84,036 | -€15,101 | -15.2% |
| Equity | 10/15 | €64,308 | €23,692 | -€40,616 | -63.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,308 | €18,692 | -€40,616 | -68.5% |
| Distributable reserves | 133 | €59,308 | €18,692 | -€40,616 | -68.5% |
| Amounts payable | 17/49 | €34,829 | €60,345 | +€25,516 | +73.3% |
| Amounts payable after more than one year | 17 | €18,962 | €4,776 | -€14,186 | -74.8% |
| Financial debts | 170/4 | €18,962 | €4,776 | -€14,186 | -74.8% |
| Amounts payable within one year | 42/48 | €15,697 | €55,569 | +€39,871 | +254.0% |
| Current portion of amounts payable after more than one year | 42 | €13,975 | €14,186 | +€211 | +1.5% |
| Trade debts | 44 | €188 | €2,162 | +€1,974 | +1051.1% |
| Suppliers | 440/4 | €188 | €2,162 | +€1,974 | +1051.1% |
| Taxes, remuneration and social security | 45 | €1,535 | €1,535 | = | 0.0% |
| Taxes | 450/3 | €1,535 | €1,535 | = | 0.0% |
| Other amounts payable | 47/48 | - | €37,686 | +€37,686 | |
| Accrued charges and deferred income | 492/3 | €170 | - | -€170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,903 | €18,595 | +€693 | +3.9% |
| Other operating charges | 640/8 | €1,310 | €1,224 | -€86 | -6.5% |
| Gross operating margin | 9900 | €22,821 | €44,624 | +€21,803 | +95.5% |
| Operating profit (loss) | 9901 | €3,608 | €24,804 | +€21,196 | +587.5% |
| Financial income | 75/76B | €693 | €402 | -€290 | -41.9% |
| Recurring financial income | 75 | €693 | €402 | -€290 | -41.9% |
| Financial charges | 65/66B | €873 | €565 | -€308 | -35.3% |
| Recurring financial charges | 65 | €873 | €565 | -€308 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €3,428 | €24,642 | +€21,214 | +618.9% |
| Income taxes | 67/77 | €1,743 | €5,950 | +€4,208 | +241.5% |
| Profit (loss) for the period | 9904 | €1,685 | €18,692 | +€17,006 | +1009.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,685 | €18,692 | +€17,006 | +1009.1% |
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 7 October 2026 via checked.be.