BEXEM: 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.
BEXEM
Largest movements
- Receivables within one year +€17,520
up €17,520 (+65.5%), from €26,737 to €44,257
of which Trade receivables: +€21,296
- Tangible fixed assets -€16,967
down €16,967 (-47.1%), from €36,038 to €19,071
of which Plant, machinery and equipment: -€16,835
- Cash -€6,742
down €6,742 (-3.5%), from €190,956 to €184,214
mainly Tax, wage and social debts (-€28,682) and Receivables within one year (-€17,520)
- Stocks and contracts -€4,584
down €4,584 (-6.3%), from €72,773 to €68,189
- Tax, wage and social debts -€28,682
down €28,682 (-64.8%), from €44,231 to €15,548
- Reserves +€28,256
up €28,256 (+11.9%), from €236,611 to €264,867
- Debts after one year -€5,157
no longer reported in 2025 (was €5,157)
- Accrued charges and deferred income -€3,723
down €3,723 (-63.0%), from €5,909 to €2,185
- Gross operating margin -€64,061
down €64,061 (-43.9%), from €145,906 to €81,844
- Taxes -€21,182
down €21,182 (-47.9%), from €44,196 to €23,014
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.
Derived cash bridge
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 | €326,504 | €315,991 | -€10,513 | -3.2% |
| Fixed assets | 21/28 | €36,038 | €19,071 | -€16,967 | -47.1% |
| Tangible fixed assets | 22/27 | €36,038 | €19,071 | -€16,967 | -47.1% |
| Plant, machinery and equipment | 23 | €35,847 | €19,012 | -€16,835 | -47.0% |
| Furniture and vehicles | 24 | €191 | €59 | -€132 | -69.0% |
| Current assets | 29/58 | €290,466 | €296,920 | +€6,454 | +2.2% |
| Stocks and contracts in progress | 3 | €72,773 | €68,189 | -€4,584 | -6.3% |
| Stocks | 30/36 | €72,773 | €68,189 | -€4,584 | -6.3% |
| Amounts receivable within one year | 40/41 | €26,737 | €44,257 | +€17,520 | +65.5% |
| Trade receivables | 40 | €21,189 | €42,485 | +€21,296 | +101% |
| Other amounts receivable | 41 | €5,547 | €1,771 | -€3,776 | -68.1% |
| Cash at bank and in hand | 54/58 | €190,956 | €184,214 | -€6,742 | -3.5% |
| Deferred charges and accrued income | 490/1 | - | €260 | +€260 | |
| Total equity and liabilities | 10/49 | €326,504 | €315,991 | -€10,513 | -3.2% |
| Equity | 10/15 | €255,211 | €283,467 | +€28,256 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,611 | €264,867 | +€28,256 | +11.9% |
| Distributable reserves | 133 | €236,611 | €264,867 | +€28,256 | +11.9% |
| Amounts payable | 17/49 | €71,293 | €32,524 | -€38,769 | -54.4% |
| Amounts payable after more than one year | 17 | €5,157 | - | -€5,157 | |
| Financial debts | 170/4 | €5,157 | - | -€5,157 | |
| Amounts payable within one year | 42/48 | €60,227 | €30,339 | -€29,888 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €6,104 | €5,157 | -€947 | -15.5% |
| Trade debts | 44 | €177 | €477 | +€300 | +170% |
| Suppliers | 440/4 | €177 | €477 | +€300 | +170% |
| Taxes, remuneration and social security | 45 | €44,231 | €15,548 | -€28,682 | -64.8% |
| Taxes | 450/3 | €44,231 | €15,548 | -€28,682 | -64.8% |
| Other amounts payable | 47/48 | €9,715 | €9,157 | -€559 | -5.8% |
| Accrued charges and deferred income | 492/3 | €5,909 | €2,185 | -€3,723 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,968 | €17,793 | -€175 | -1.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €145,906 | €81,844 | -€64,061 | -43.9% |
| Operating profit (loss) | 9901 | €127,553 | €63,664 | -€63,889 | -50.1% |
| Financial income | 75/76B | €3,326 | €4,315 | +€989 | +29.7% |
| Recurring financial income | 75 | €3,326 | €4,315 | +€989 | +29.7% |
| Financial charges | 65/66B | €379 | €318 | -€61 | -16.2% |
| Recurring financial charges | 65 | €379 | €318 | -€61 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €130,501 | €67,662 | -€62,839 | -48.2% |
| Income taxes | 67/77 | €44,196 | €23,014 | -€21,182 | -47.9% |
| Profit (loss) for the period | 9904 | €86,304 | €44,647 | -€41,657 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,304 | €44,647 | -€41,657 | -48.3% |
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 14 October 2026 via checked.be.