BePax: 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.
BePax
Largest movements
- Cash +€57,416
up €57,416 (+34.3%), from €167,447 to €224,863
mainly Accrued charges and deferred income (+€88,479) and Net result for the year (+€22,199)
- Receivables within one year +€39,471
up €39,471 (+109.8%), from €35,932 to €75,403
of which Other amounts receivable: +€40,609
- Deferred charges and accrued income +€7,823
up €7,823 (+81.1%), from €9,651 to €17,473
- Accrued charges and deferred income +€88,479
up €88,479 (+1467.7%), from €6,028 to €94,508
- Reserves +€11,100
up €11,100 (+7.2%), from €154,058 to €165,157
- Profit (loss) carried forward +€11,100
up €11,100 (+87.8%), from €12,647 to €23,747
- Debts within one year -€8,684
down €8,684 (-10.8%), from €80,034 to €71,350
of which Tax, wage and social debts: -€6,679
- Staff costs -€112,637
down €112,637 (-20.2%), from €557,021 to €444,383
- Gross operating margin -€110,518
down €110,518 (-18.8%), from €588,089 to €477,571
- Write-downs -€39,179
down €39,179 (-87.3%), from €44,897 to €5,718
- Purchases and services -€31,186
down €31,186 (-40.6%), from €76,878 to €45,691
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 | €296,316 | €398,311 | +€101,995 | +34.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,442 | €1,342 | -€3,100 | -69.8% |
| Intangible fixed assets | 21 | €2,083 | €0 | -€2,083 | -100.0% |
| Tangible fixed assets | 22/27 | €2,359 | €1,342 | -€1,017 | -43.1% |
| Plant, machinery and equipment | 23 | €680 | €0 | -€680 | -100.0% |
| Furniture and vehicles | 24 | €1,679 | €1,342 | -€338 | -20.1% |
| Current assets | 29/58 | €291,874 | €396,969 | +€105,095 | +36.0% |
| Amounts receivable within one year | 40/41 | €35,932 | €75,403 | +€39,471 | +109.8% |
| Trade receivables | 40 | €23,415 | €22,277 | -€1,138 | -4.9% |
| Other amounts receivable | 41 | €12,517 | €53,126 | +€40,609 | +324.4% |
| Current investments | 50/53 | €78,844 | €79,229 | +€385 | +0.5% |
| Cash at bank and in hand | 54/58 | €167,447 | €224,863 | +€57,416 | +34.3% |
| Deferred charges and accrued income | 490/1 | €9,651 | €17,473 | +€7,823 | +81.1% |
| Total equity and liabilities | 10/49 | €296,316 | €398,311 | +€101,995 | +34.4% |
| Equity | 10/15 | €210,254 | €232,453 | +€22,199 | +10.6% |
| Contributions | 10/11 | €43,549 | €43,549 | = | 0.0% |
| Capital | 10 | €43,549 | €43,549 | = | 0.0% |
| Reserves | 13 | €154,058 | €165,157 | +€11,100 | +7.2% |
| Profit (loss) carried forward | 14 | €12,647 | €23,747 | +€11,100 | +87.8% |
| Amounts payable | 17/49 | €86,062 | €165,858 | +€79,796 | +92.7% |
| Amounts payable within one year | 42/48 | €80,034 | €71,350 | -€8,684 | -10.8% |
| Trade debts | 44 | €30,044 | €24,615 | -€5,429 | -18.1% |
| Suppliers | 440/4 | €30,044 | €24,615 | -€5,429 | -18.1% |
| Taxes, remuneration and social security | 45 | €49,990 | €43,311 | -€6,679 | -13.4% |
| Taxes | 450/3 | €5,462 | €0 | -€5,462 | -100.0% |
| Remuneration and social security | 454/9 | €44,529 | €43,311 | -€1,218 | -2.7% |
| Accrued charges and deferred income | 492/3 | €6,028 | €94,508 | +€88,479 | +1467.7% |
| Turnover | 70 | €3,491 | €5,594 | +€2,104 | +60.3% |
| Non-recurring operating income | 76A | €3,269 | €0 | -€3,269 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €76,878 | €45,691 | -€31,186 | -40.6% |
| Remuneration, social security and pensions | 62 | €557,021 | €444,383 | -€112,637 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,665 | €3,100 | -€565 | -15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,897 | €5,718 | -€39,179 | -87.3% |
| Other operating charges | 640/8 | €1,155 | €1,223 | +€69 | +5.9% |
| Non-recurring operating charges | 66A | €0 | €1,414 | +€1,414 | |
| Gross operating margin | 9900 | €588,089 | €477,571 | -€110,518 | -18.8% |
| Operating profit (loss) | 9901 | -€18,648 | €21,732 | +€40,380 | |
| Financial income | 75/76B | €957 | €1,188 | +€230 | +24.1% |
| Recurring financial income | 75 | €957 | €1,188 | +€230 | +24.1% |
| Financial charges | 65/66B | €257 | €269 | +€11 | +4.4% |
| Recurring financial charges | 65 | €257 | €269 | +€11 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,949 | €22,650 | +€40,599 | |
| Income taxes | 67/77 | €365 | €451 | +€86 | +23.6% |
| Profit (loss) for the period | 9904 | -€18,314 | €22,199 | +€40,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,314 | €22,199 | +€40,513 |
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 8 October 2026 via checked.be.