BEX: 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.
BEX
Largest movements
- Tangible fixed assets -€12,618
down €12,618 (-7.9%), from €160,063 to €147,445
- Deferred charges and accrued income +€5,618
up €5,618 (+89.8%), from €6,259 to €11,877
- Receivables within one year -€2,029
down €2,029 (-33.4%), from €6,071 to €4,042
of which Trade receivables: -€2,132
- Other debts -€14,992
down €14,992 (-24.0%), from €62,552 to €47,560
- Trade debts +€3,773
up €3,773 (+180.3%), from €2,093 to €5,867
- Tax, wage and social debts -€3,447
down €3,447 (-39.9%), from €8,631 to €5,184
of which Remuneration and social security: -€3,447
- Accrued charges and deferred income +€2,807
up €2,807 (+68.9%), from €4,073 to €6,880
- Profit (loss) carried forward +€2,760
up €2,760 (+5.1%), from €53,918 to €56,678
- Gross operating margin -€32,305
down €32,305 (-37.4%), from €86,267 to €53,962
- Staff costs -€24,985
down €24,985 (-42.2%), from €59,200 to €34,215
- Depreciation -€7,847
down €7,847 (-38.3%), from €20,465 to €12,618
- Other operating charges -€1,287
down €1,287 (-27.4%), from €4,703 to €3,417
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 | €180,206 | €171,218 | -€8,988 | -5.0% |
| Fixed assets | 21/28 | €160,063 | €148,975 | -€11,088 | -6.9% |
| Tangible fixed assets | 22/27 | €160,063 | €147,445 | -€12,618 | -7.9% |
| Land and buildings | 22 | €99,418 | €93,623 | -€5,795 | -5.8% |
| Plant, machinery and equipment | 23 | €59,131 | €53,708 | -€5,422 | -9.2% |
| Furniture and vehicles | 24 | €1,514 | €114 | -€1,400 | -92.5% |
| Financial fixed assets | 28 | - | €1,530 | +€1,530 | |
| Current assets | 29/58 | €20,143 | €22,243 | +€2,100 | +10.4% |
| Amounts receivable within one year | 40/41 | €6,071 | €4,042 | -€2,029 | -33.4% |
| Trade receivables | 40 | €4,332 | €2,200 | -€2,132 | -49.2% |
| Other amounts receivable | 41 | €1,739 | €1,841 | +€103 | +5.9% |
| Cash at bank and in hand | 54/58 | €7,814 | €6,324 | -€1,490 | -19.1% |
| Deferred charges and accrued income | 490/1 | €6,259 | €11,877 | +€5,618 | +89.8% |
| Total equity and liabilities | 10/49 | €180,206 | €171,218 | -€8,988 | -5.0% |
| Equity | 10/15 | €97,118 | €99,877 | +€2,760 | +2.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €3,199 | €3,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,199 | €3,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,918 | €56,678 | +€2,760 | +5.1% |
| Amounts payable | 17/49 | €83,089 | €71,341 | -€11,748 | -14.1% |
| Amounts payable after more than one year | 17 | €5,600 | €5,710 | +€110 | +2.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €5,600 | €5,710 | +€110 | +2.0% |
| Amounts payable within one year | 42/48 | €73,416 | €58,751 | -€14,665 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,093 | €5,867 | +€3,773 | +180.3% |
| Suppliers | 440/4 | €2,093 | €5,867 | +€3,773 | +180.3% |
| Advances received on contracts in progress | 46 | €140 | €140 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,631 | €5,184 | -€3,447 | -39.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €8,631 | €5,184 | -€3,447 | -39.9% |
| Other amounts payable | 47/48 | €62,552 | €47,560 | -€14,992 | -24.0% |
| Accrued charges and deferred income | 492/3 | €4,073 | €6,880 | +€2,807 | +68.9% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €59,200 | €34,215 | -€24,985 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,465 | €12,618 | -€7,847 | -38.3% |
| Other operating charges | 640/8 | €4,703 | €3,417 | -€1,287 | -27.4% |
| Non-recurring operating charges | 66A | - | €745 | +€745 | |
| Gross operating margin | 9900 | €86,267 | €53,962 | -€32,305 | -37.4% |
| Operating profit (loss) | 9901 | €1,898 | €2,967 | +€1,069 | +56.3% |
| Financial income | 75/76B | €131 | €103 | -€28 | -21.5% |
| Recurring financial income | 75 | €131 | €103 | -€28 | -21.5% |
| Financial charges | 65/66B | €1,171 | €310 | -€861 | -73.5% |
| Recurring financial charges | 65 | €1,171 | €310 | -€861 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €857 | €2,760 | +€1,902 | +221.9% |
| Profit (loss) for the period | 9904 | €857 | €2,760 | +€1,902 | +221.9% |
| Profit (loss) for the period to be appropriated | 9905 | €857 | €2,760 | +€1,902 | +221.9% |
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 9 October 2026 via checked.be.