BEXCEL: 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.
BEXCEL
Largest movements
- Receivables within one year -€5,000
down €5,000 (-43.6%), from €11,455 to €6,455
- Cash -€4,388
down €4,388 (-67.1%), from €6,536 to €2,148
mainly Other debts (-€9,112) and Tax, wage and social debts (-€1,250)
- Other debts -€9,112
down €9,112 (-23.2%), from €39,274 to €30,162
- Profit (loss) carried forward +€1,511
up €1,511 (+3.3%), from -€46,108 to -€44,597
- Tax, wage and social debts -€1,250
down €1,250 (-29.4%), from €4,250 to €3,000
- Trade debts -€537
down €537 (-23.6%), from €2,275 to €1,738
- Gross operating margin -€7,340
down €7,340 (-78.8%), from €9,314 to €1,974
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,291 | €8,903 | -€9,388 | -51.3% |
| Fixed assets | 21/28 | €300 | €300 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €17,991 | €8,603 | -€9,388 | -52.2% |
| Amounts receivable within one year | 40/41 | €11,455 | €6,455 | -€5,000 | -43.6% |
| Trade receivables | 40 | €11,455 | €6,455 | -€5,000 | -43.6% |
| Cash at bank and in hand | 54/58 | €6,536 | €2,148 | -€4,388 | -67.1% |
| Total equity and liabilities | 10/49 | €18,291 | €8,903 | -€9,388 | -51.3% |
| Equity | 10/15 | -€27,508 | -€25,997 | +€1,511 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,108 | -€44,597 | +€1,511 | +3.3% |
| Amounts payable | 17/49 | €45,799 | €34,900 | -€10,899 | -23.8% |
| Amounts payable within one year | 42/48 | €45,799 | €34,900 | -€10,899 | -23.8% |
| Trade debts | 44 | €2,275 | €1,738 | -€537 | -23.6% |
| Suppliers | 440/4 | €2,275 | €1,738 | -€537 | -23.6% |
| Taxes, remuneration and social security | 45 | €4,250 | €3,000 | -€1,250 | -29.4% |
| Remuneration and social security | 454/9 | €4,250 | €3,000 | -€1,250 | -29.4% |
| Other amounts payable | 47/48 | €39,274 | €30,162 | -€9,112 | -23.2% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €9,314 | €1,974 | -€7,340 | -78.8% |
| Operating profit (loss) | 9901 | €8,927 | €1,574 | -€7,353 | -82.4% |
| Financial charges | 65/66B | €62 | €63 | +€1 | +1.6% |
| Recurring financial charges | 65 | €62 | €63 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €8,865 | €1,511 | -€7,354 | -83.0% |
| Profit (loss) for the period | 9904 | €8,865 | €1,511 | -€7,354 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,865 | €1,511 | -€7,354 | -83.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.