BEXBAR: 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.
BEXBAR
Largest movements
- Receivables within one year +€48,400
up €48,400 (+400.0%), from €12,100 to €60,500
of which Trade receivables: +€48,400
- Receivables after one year +€47,442
up €47,442 (+132.3%), from €35,849 to €83,291
- Financial fixed assets +€12,500
new in 2025: €12,500
- Cash +€10,111
up €10,111 (+4.5%), from €225,547 to €235,658
mainly Net result for the year (+€83,479) and Tax, wage and social debts (+€23,317)
- Tangible fixed assets -€4,847
down €4,847 (-12.1%), from €40,162 to €35,315
- Reserves +€83,000
up €83,000 (+35.1%), from €236,400 to €319,400
- Tax, wage and social debts +€23,317
up €23,317 (+416.3%), from €5,601 to €28,917
of which Taxes: +€23,317
- Other debts +€6,521
up €6,521 (+29.1%), from €22,381 to €28,901
- Gross operating margin +€65,451
up €65,451 (+98.3%), from €66,567 to €132,018
- Taxes +€20,877
up €20,877 (+111.9%), from €18,662 to €39,538
- Financial income +€1,681
up €1,681 (+77.3%), from €2,176 to €3,857
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 | €313,658 | €427,338 | +€113,679 | +36.2% |
| Fixed assets | 21/28 | €40,162 | €47,815 | +€7,653 | +19.1% |
| Tangible fixed assets | 22/27 | €40,162 | €35,315 | -€4,847 | -12.1% |
| Furniture and vehicles | 24 | €40,162 | €35,315 | -€4,847 | -12.1% |
| Financial fixed assets | 28 | - | €12,500 | +€12,500 | |
| Current assets | 29/58 | €273,496 | €379,523 | +€106,026 | +38.8% |
| Amounts receivable after more than one year | 29 | €35,849 | €83,291 | +€47,442 | +132.3% |
| Other amounts receivable | 291 | €35,849 | €83,291 | +€47,442 | +132.3% |
| Amounts receivable within one year | 40/41 | €12,100 | €60,500 | +€48,400 | +400.0% |
| Trade receivables | 40 | €12,100 | €60,500 | +€48,400 | +400.0% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €225,547 | €235,658 | +€10,111 | +4.5% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €313,658 | €427,338 | +€113,679 | +36.2% |
| Equity | 10/15 | €285,277 | €368,756 | +€83,479 | +29.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €236,400 | €319,400 | +€83,000 | +35.1% |
| Distributable reserves | 133 | €236,400 | €319,400 | +€83,000 | +35.1% |
| Profit (loss) carried forward | 14 | €36,477 | €36,956 | +€479 | +1.3% |
| Amounts payable | 17/49 | €28,381 | €58,582 | +€30,201 | +106.4% |
| Amounts payable within one year | 42/48 | €27,981 | €58,182 | +€30,201 | +107.9% |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €5,601 | €28,917 | +€23,317 | +416.3% |
| Taxes | 450/3 | €4,601 | €27,917 | +€23,317 | +506.8% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €22,381 | €28,901 | +€6,521 | +29.1% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,262 | €10,470 | +€1,208 | +13.0% |
| Other operating charges | 640/8 | €602 | €462 | -€141 | -23.4% |
| Gross operating margin | 9900 | €66,567 | €132,018 | +€65,451 | +98.3% |
| Operating profit (loss) | 9901 | €56,703 | €121,086 | +€64,384 | +113.5% |
| Financial income | 75/76B | €2,176 | €3,857 | +€1,681 | +77.3% |
| Recurring financial income | 75 | €2,176 | €3,857 | +€1,681 | +77.3% |
| Financial charges | 65/66B | €1,765 | €1,926 | +€161 | +9.1% |
| Recurring financial charges | 65 | €1,765 | €1,926 | +€161 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €57,113 | €123,017 | +€65,904 | +115.4% |
| Income taxes | 67/77 | €18,662 | €39,538 | +€20,877 | +111.9% |
| Profit (loss) for the period | 9904 | €38,452 | €83,479 | +€45,027 | +117.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,452 | €83,479 | +€45,027 | +117.1% |
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 8 October 2026 via checked.be.