BEX P. & E.: 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.
BEX P. & E.
Largest movements
- Cash +€37,252
up €37,252 (+122.0%), from €30,530 to €67,782
mainly Debts after one year (+€43,255) and Net result for the year (+€40,118)
- Receivables within one year +€23,393
up €23,393 (+86.8%), from €26,942 to €50,335
of which Trade receivables: +€27,662
- Tangible fixed assets -€18,617
down €18,617 (-51.7%), from €35,978 to €17,361
of which Furniture and vehicles: -€17,619
- Deferred charges and accrued income +€2,559
up €2,559 (+26.9%), from €9,516 to €12,075
- Debts after one year +€43,255
new in 2025: €43,255
- Other debts -€43,211
down €43,211 (-87.2%), from €49,553 to €6,343
- Profit (loss) carried forward +€40,118
up €40,118 (+91.7%), from -€43,752 to -€3,634
- Tax, wage and social debts +€2,906
up €2,906 (+158.1%), from €1,838 to €4,744
- Accrued charges and deferred income +€2,390
up €2,390 (+61.2%), from €3,906 to €6,295
- Gross operating margin +€96,389
up €96,389, from -€24,764 to €71,625
- Financial charges +€2,798
up €2,798 (+283.6%), from €986 to €3,784
of which Financial charges: +€2,634
- Depreciation -€2,415
down €2,415 (-11.5%), from €21,031 to €18,617
- Other operating charges +€2,411
up €2,411 (+35.7%), from €6,744 to €9,156
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 | €103,735 | €148,324 | +€44,588 | +43.0% |
| Fixed assets | 21/28 | €36,748 | €18,131 | -€18,617 | -50.7% |
| Tangible fixed assets | 22/27 | €35,978 | €17,361 | -€18,617 | -51.7% |
| Plant, machinery and equipment | 23 | €1,776 | €779 | -€997 | -56.1% |
| Furniture and vehicles | 24 | €34,202 | €16,582 | -€17,619 | -51.5% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €66,987 | €130,192 | +€63,205 | +94.4% |
| Amounts receivable within one year | 40/41 | €26,942 | €50,335 | +€23,393 | +86.8% |
| Trade receivables | 40 | €15,879 | €43,541 | +€27,662 | +174.2% |
| Other amounts receivable | 41 | €11,063 | €6,794 | -€4,269 | -38.6% |
| Cash at bank and in hand | 54/58 | €30,530 | €67,782 | +€37,252 | +122.0% |
| Deferred charges and accrued income | 490/1 | €9,516 | €12,075 | +€2,559 | +26.9% |
| Total equity and liabilities | 10/49 | €103,735 | €148,324 | +€44,588 | +43.0% |
| Equity | 10/15 | €43,255 | €83,373 | +€40,118 | +92.7% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €49,507 | €49,507 | = | 0.0% |
| Distributable reserves | 133 | €49,507 | €49,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,752 | -€3,634 | +€40,118 | +91.7% |
| Amounts payable | 17/49 | €60,480 | €64,951 | +€4,470 | +7.4% |
| Amounts payable after more than one year | 17 | - | €43,255 | +€43,255 | |
| Financial debts | 170/4 | - | €43,255 | +€43,255 | |
| Amounts payable within one year | 42/48 | €56,575 | €15,400 | -€41,174 | -72.8% |
| Trade debts | 44 | €5,183 | €3,063 | -€2,120 | -40.9% |
| Suppliers | 440/4 | €5,183 | €3,063 | -€2,120 | -40.9% |
| Advances received on contracts in progress | 46 | - | €1,250 | +€1,250 | |
| Taxes, remuneration and social security | 45 | €1,838 | €4,744 | +€2,906 | +158.1% |
| Taxes | 450/3 | €1,838 | €4,744 | +€2,906 | +158.1% |
| Other amounts payable | 47/48 | €49,553 | €6,343 | -€43,211 | -87.2% |
| Accrued charges and deferred income | 492/3 | €3,906 | €6,295 | +€2,390 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,031 | €18,617 | -€2,415 | -11.5% |
| Other operating charges | 640/8 | €6,744 | €9,156 | +€2,411 | +35.7% |
| Gross operating margin | 9900 | -€24,764 | €71,625 | +€96,389 | |
| Operating profit (loss) | 9901 | -€52,540 | €43,853 | +€96,393 | |
| Financial income | 75/76B | €27 | €48 | +€21 | +79.3% |
| Recurring financial income | 75 | €27 | €3 | -€24 | -89.6% |
| Non-recurring financial income | 76B | - | €46 | +€46 | |
| Financial charges | 65/66B | €986 | €3,784 | +€2,798 | +283.6% |
| Recurring financial charges | 65 | €986 | €3,620 | +€2,634 | +267.1% |
| Non-recurring financial charges | 66B | - | €163 | +€163 | |
| Profit (loss) for the period before taxes | 9903 | -€53,499 | €40,118 | +€93,617 | |
| Profit (loss) for the period | 9904 | -€53,499 | €40,118 | +€93,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,499 | €40,118 | +€93,617 |
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 30 September 2026 via checked.be.