BEXPO: 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.
What changed
BEXPO
NACE 46.392, Non-specialised wholesale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€132,206
2024 · €66,949-€199,155
Equity
€2.3m
2024 · €2.4m-€132,206
Cash
€729,381
2024 · €681,247+€48,134
Balance sheet total
€7.3m
2024 · €6.8m+€541,346
Largest movements
Assets
- Receivables within one year +€561,158
up €561,158 (+16.3%), from €3.4m to €4.0m
of which Trade receivables: +€425,195
- Stocks and contracts -€81,916
down €81,916 (-4.3%), from €1.9m to €1.8m
Equity and liabilities
- Trade debts +€599,155
up €599,155 (+23.4%), from €2.6m to €3.2m
- Profit (loss) carried forward -€132,206
down €132,206 (-6.9%), from €1.9m to €1.8m
- Tax, wage and social debts +€78,853
up €78,853 (+35.4%), from €222,837 to €301,690
of which Remuneration and social security: +€63,466
Income statement
- Turnover +€802,797
up €802,797 (+6.6%), from €12.2m to €13.0m
- Goods and materials +€615,057
up €615,057 (+7.0%), from €8.8m to €9.4m
of which Change in stocks: decrease (increase): +€479,251
- Staff costs +€198,721
up €198,721 (+12.1%), from €1.6m to €1.8m
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.
Result 2024
€66,949
Turnover
+€802,797
Other operating income
-€47,164
Goods and materials
-€615,057
Services and other goods
-€115,332
Staff costs
-€198,721
Depreciation
-€42,629
Write-downs
-€12,591
Other operating charges
+€21,971
Other operating items
+€8,812
Financial income
-€4,836
Financial charges
-€44,119
Taxes
+€47,714
Result 2025
-€132,206
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.
From operations
+€247,261
Investment
-€182,130
Financing
-€16,997
Cash 2024
€681,247
From operations (derived)
+€247,261
Net result for the year
-€132,206
Depreciation
+€138,388
Stocks and contracts
+€81,916
Receivables within one year
-€561,158
Deferred charges and accrued income
+€29,772
Trade debts
+€599,155
Tax, wage and social debts
+€78,853
Accrued charges and deferred income
+€12,541
Investment (derived)
-€182,130
Investment in fixed assets (net)
-€182,130
Financing
-€16,997
Debts after one year
-€3,941
Current portion of long-term debt
+€37,775
Short-term financial debts
-€50,830
Cash 2025
€729,381
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,770,780 | €7,312,126 | +€541,346 | +8.0% |
| Fixed assets | 21/28 | €626,572 | €670,314 | +€43,742 | +7.0% |
| Intangible fixed assets | 21 | €95,508 | €81,303 | -€14,205 | -14.9% |
| Tangible fixed assets | 22/27 | €332,347 | €390,834 | +€58,488 | +17.6% |
| Plant, machinery and equipment | 23 | €189,805 | €209,485 | +€19,680 | +10.4% |
| Furniture and vehicles | 24 | €41,398 | €92,289 | +€50,891 | +122.9% |
| Other tangible fixed assets | 26 | €101,144 | €89,060 | -€12,084 | -11.9% |
| Financial fixed assets | 28 | €198,717 | €198,177 | -€540 | -0.3% |
| Affiliated companies | 280/1 | €167,000 | €167,000 | = | 0.0% |
| Participating interests | 280 | €167,000 | €167,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €31,717 | €31,177 | -€540 | -1.7% |
| Amounts receivable and cash guarantees | 285/8 | €31,717 | €31,177 | -€540 | -1.7% |
| Current assets | 29/58 | €6,144,208 | €6,641,812 | +€497,604 | +8.1% |
| Stocks and contracts in progress | 3 | €1,908,374 | €1,826,458 | -€81,916 | -4.3% |
| Stocks | 30/36 | €1,908,374 | €1,826,458 | -€81,916 | -4.3% |
| Raw materials and consumables | 30/31 | €25,693 | €0 | -€25,693 | -100.0% |
| Goods purchased for resale | 34 | €1,882,681 | €1,826,458 | -€56,223 | -3.0% |
| Amounts receivable within one year | 40/41 | €3,432,762 | €3,993,920 | +€561,158 | +16.3% |
| Trade receivables | 40 | €3,284,539 | €3,709,734 | +€425,195 | +12.9% |
| Other amounts receivable | 41 | €148,223 | €284,186 | +€135,963 | +91.7% |
| Cash at bank and in hand | 54/58 | €681,247 | €729,381 | +€48,134 | +7.1% |
| Deferred charges and accrued income | 490/1 | €121,826 | €92,053 | -€29,772 | -24.4% |
| Total equity and liabilities | 10/49 | €6,770,780 | €7,312,126 | +€541,346 | +8.0% |
| Equity | 10/15 | €2,389,710 | €2,257,504 | -€132,206 | -5.5% |
| Contributions | 10/11 | €47,012 | €47,012 | = | 0.0% |
| Reserves | 13 | €425,710 | €425,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,501 | €1,501 | = | 0.0% |
| Distributable reserves | 133 | €424,209 | €424,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,916,988 | €1,784,782 | -€132,206 | -6.9% |
| Amounts payable | 17/49 | €4,381,070 | €5,054,623 | +€673,552 | +15.4% |
| Amounts payable after more than one year | 17 | €474,112 | €470,171 | -€3,941 | -0.8% |
| Financial debts | 170/4 | €474,112 | €470,171 | -€3,941 | -0.8% |
| Credit institutions | 173 | €474,112 | €470,171 | -€3,941 | -0.8% |
| Amounts payable within one year | 42/48 | €3,902,632 | €4,567,584 | +€664,953 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €532,901 | €570,675 | +€37,775 | +7.1% |
| Financial debts | 43 | €588,041 | €537,211 | -€50,830 | -8.6% |
| Credit institutions | 430/8 | €588,041 | €537,211 | -€50,830 | -8.6% |
| Trade debts | 44 | €2,558,853 | €3,158,008 | +€599,155 | +23.4% |
| Suppliers | 440/4 | €2,558,853 | €3,158,008 | +€599,155 | +23.4% |
| Taxes, remuneration and social security | 45 | €222,837 | €301,690 | +€78,853 | +35.4% |
| Taxes | 450/3 | €15,379 | €30,765 | +€15,386 | +100.0% |
| Remuneration and social security | 454/9 | €207,458 | €270,924 | +€63,466 | +30.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,326 | €16,867 | +€12,541 | +289.9% |
| Operating income | 70/76A | €12,408,849 | €13,176,778 | +€767,929 | +6.2% |
| Turnover | 70 | €12,200,654 | €13,003,451 | +€802,797 | +6.6% |
| Other operating income | 74 | €188,486 | €141,322 | -€47,164 | -25.0% |
| Non-recurring operating income | 76A | €19,709 | €32,005 | +€12,296 | +62.4% |
| Operating charges | 60/66A | €12,176,098 | €13,141,940 | +€965,842 | +7.9% |
| Goods for resale, raw materials and consumables | 60 | €8,784,857 | €9,399,913 | +€615,057 | +7.0% |
| Purchases | 600/8 | €9,182,192 | €9,317,997 | +€135,806 | +1.5% |
| Change in stocks: decrease (increase) | 609 | -€397,335 | €81,916 | +€479,251 | |
| Services and other goods | 61 | €1,503,738 | €1,619,070 | +€115,332 | +7.7% |
| Remuneration, social security and pensions | 62 | €1,645,284 | €1,844,006 | +€198,721 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,759 | €138,388 | +€42,629 | +44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,248 | €59,839 | +€12,591 | +26.6% |
| Other operating charges | 640/8 | €98,684 | €76,713 | -€21,971 | -22.3% |
| Non-recurring operating charges | 66A | €528 | €4,011 | +€3,484 | +660.4% |
| Operating profit (loss) | 9901 | €232,751 | €34,838 | -€197,913 | -85.0% |
| Financial income | 75/76B | €8,238 | €3,402 | -€4,836 | -58.7% |
| Recurring financial income | 75 | €8,238 | €3,402 | -€4,836 | -58.7% |
| Other financial income | 752/9 | €8,238 | €3,402 | -€4,836 | -58.7% |
| Financial charges | 65/66B | €122,041 | €166,160 | +€44,119 | +36.2% |
| Recurring financial charges | 65 | €122,041 | €166,160 | +€44,119 | +36.2% |
| Debt charges | 650 | €89,225 | €75,484 | -€13,741 | -15.4% |
| Other financial charges | 652/9 | €32,815 | €90,676 | +€57,861 | +176.3% |
| Profit (loss) for the period before taxes | 9903 | €118,949 | -€127,920 | -€246,869 | |
| Income taxes | 67/77 | €52,000 | €4,286 | -€47,714 | -91.8% |
| Taxes | 670/3 | €52,000 | €4,394 | -€47,606 | -91.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €108 | +€108 | |
| Profit (loss) for the period | 9904 | €66,949 | -€132,206 | -€199,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,949 | -€132,206 | -€199,155 |
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 5 October 2026 via checked.be.