BEXE: 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.
BEXE
Largest movements
- Receivables within one year +€79,442
up €79,442 (+5489.8%), from €1,447 to €80,889
of which Other amounts receivable: +€51,544
- Tangible fixed assets +€30,592
new in 2025: €30,592
of which Plant, machinery and equipment: +€28,803
- Deferred charges and accrued income +€7,408
up €7,408 (+181.1%), from €4,092 to €11,500
- Financial fixed assets +€4,000
up €4,000 (+65.6%), from €6,100 to €10,100
- Cash -€2,319
down €2,319 (-35.5%), from €6,527 to €4,208
mainly Receivables within one year (-€79,442) and Investment in fixed assets (net) (-€37,978)
- Trade debts +€39,985
up €39,985 (+1177.2%), from €3,397 to €43,382
- Other debts +€36,450
up €36,450 (+28657.8%), from €127 to €36,577
- Profit (loss) carried forward +€27,337
up €27,337 (+329.3%), from €8,302 to €35,638
- Tax, wage and social debts +€15,352
up €15,352 (+459.6%), from €3,340 to €18,692
of which Taxes: +€10,352
- Financial income +€17,408
up €17,408 (+18992.4%), from €92 to €17,500
- Gross operating margin +€11,805
up €11,805 (+102.0%), from €11,569 to €23,374
- Other operating charges +€3,898
up €3,898 (+4895.9%), from €80 to €3,978
- Taxes +€3,819
up €3,819 (+169.8%), from €2,250 to €6,069
- Depreciation +€3,111
up €3,111 (+1133.0%), from €275 to €3,386
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 | €18,166 | €137,289 | +€119,123 | +655.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,100 | €40,692 | +€34,592 | +567.1% |
| Tangible fixed assets | 22/27 | - | €30,592 | +€30,592 | |
| Plant, machinery and equipment | 23 | - | €28,803 | +€28,803 | |
| Furniture and vehicles | 24 | - | €1,789 | +€1,789 | |
| Financial fixed assets | 28 | €6,100 | €10,100 | +€4,000 | +65.6% |
| Current assets | 29/58 | €12,066 | €96,597 | +€84,531 | +700.6% |
| Amounts receivable within one year | 40/41 | €1,447 | €80,889 | +€79,442 | +5489.8% |
| Trade receivables | 40 | - | €27,898 | +€27,898 | |
| Other amounts receivable | 41 | €1,447 | €52,991 | +€51,544 | +3561.9% |
| Cash at bank and in hand | 54/58 | €6,527 | €4,208 | -€2,319 | -35.5% |
| Deferred charges and accrued income | 490/1 | €4,092 | €11,500 | +€7,408 | +181.1% |
| Total equity and liabilities | 10/49 | €18,166 | €137,289 | +€119,123 | +655.7% |
| Equity | 10/15 | €11,302 | €38,638 | +€27,337 | +241.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,302 | €35,638 | +€27,337 | +329.3% |
| Amounts payable | 17/49 | €6,864 | €98,651 | +€91,787 | +1337.1% |
| Amounts payable within one year | 42/48 | €6,864 | €98,651 | +€91,787 | +1337.1% |
| Trade debts | 44 | €3,397 | €43,382 | +€39,985 | +1177.2% |
| Suppliers | 440/4 | €3,397 | €43,382 | +€39,985 | +1177.2% |
| Taxes, remuneration and social security | 45 | €3,340 | €18,692 | +€15,352 | +459.6% |
| Taxes | 450/3 | €3,340 | €13,692 | +€10,352 | +309.9% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €127 | €36,577 | +€36,450 | +28657.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €3,386 | +€3,111 | +1133.0% |
| Other operating charges | 640/8 | €80 | €3,978 | +€3,898 | +4895.9% |
| Gross operating margin | 9900 | €11,569 | €23,374 | +€11,805 | +102.0% |
| Operating profit (loss) | 9901 | €11,215 | €16,011 | +€4,796 | +42.8% |
| Financial income | 75/76B | €92 | €17,500 | +€17,408 | +18992.4% |
| Recurring financial income | 75 | €92 | €17,500 | +€17,408 | +18992.4% |
| Financial charges | 65/66B | €59 | €106 | +€47 | +79.2% |
| Recurring financial charges | 65 | €59 | €106 | +€47 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €11,248 | €33,405 | +€22,158 | +197.0% |
| Income taxes | 67/77 | €2,250 | €6,069 | +€3,819 | +169.8% |
| Profit (loss) for the period | 9904 | €8,998 | €27,337 | +€18,338 | +203.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,998 | €27,337 | +€18,338 | +203.8% |
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.