BEXS: 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.
BEXS
Largest movements
- Cash +€10,683
up €10,683 (+10913.2%), from €98 to €10,781
mainly Net result for the year (+€16,044) and Depreciation (+€7,762)
- Receivables within one year +€8,355
up €8,355 (+37.9%), from €22,050 to €30,405
of which Trade receivables: +€9,000
- Tangible fixed assets -€7,762
down €7,762 (-25.4%), from €30,562 to €22,800
- Profit (loss) carried forward +€16,044
up €16,044 (+10.4%), from -€154,652 to -€138,608
- Tax, wage and social debts -€7,128
down €7,128 (-80.0%), from €8,909 to €1,781
of which Taxes: -€3,738
- Other debts +€4,658
up €4,658 (+3.5%), from €133,891 to €138,549
- Trade debts -€2,241
down €2,241 (-64.7%), from €3,465 to €1,225
- Gross operating margin +€16,753
up €16,753 (+197.9%), from €8,464 to €25,217
- Other operating charges -€983
down €983 (-44.6%), from €2,205 to €1,222
- Depreciation -€339
down €339 (-4.2%), from €8,101 to €7,762
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 | €53,586 | €64,920 | +€11,334 | +21.2% |
| Fixed assets | 21/28 | €30,562 | €22,800 | -€7,762 | -25.4% |
| Tangible fixed assets | 22/27 | €30,562 | €22,800 | -€7,762 | -25.4% |
| Furniture and vehicles | 24 | €30,562 | €22,800 | -€7,762 | -25.4% |
| Current assets | 29/58 | €23,024 | €42,120 | +€19,096 | +82.9% |
| Amounts receivable within one year | 40/41 | €22,050 | €30,405 | +€8,355 | +37.9% |
| Trade receivables | 40 | €21,405 | €30,405 | +€9,000 | +42.0% |
| Other amounts receivable | 41 | €645 | €0 | -€645 | -100.0% |
| Cash at bank and in hand | 54/58 | €98 | €10,781 | +€10,683 | +10913.2% |
| Deferred charges and accrued income | 490/1 | €876 | €934 | +€58 | +6.6% |
| Total equity and liabilities | 10/49 | €53,586 | €64,920 | +€11,334 | +21.2% |
| Equity | 10/15 | -€92,679 | -€76,635 | +€16,044 | +17.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,652 | -€138,608 | +€16,044 | +10.4% |
| Amounts payable | 17/49 | €146,265 | €141,554 | -€4,710 | -3.2% |
| Amounts payable within one year | 42/48 | €146,265 | €141,554 | -€4,710 | -3.2% |
| Trade debts | 44 | €3,465 | €1,225 | -€2,241 | -64.7% |
| Suppliers | 440/4 | €3,465 | €1,225 | -€2,241 | -64.7% |
| Taxes, remuneration and social security | 45 | €8,909 | €1,781 | -€7,128 | -80.0% |
| Taxes | 450/3 | €4,389 | €651 | -€3,738 | -85.2% |
| Remuneration and social security | 454/9 | €4,520 | €1,130 | -€3,390 | -75.0% |
| Other amounts payable | 47/48 | €133,891 | €138,549 | +€4,658 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,101 | €7,762 | -€339 | -4.2% |
| Other operating charges | 640/8 | €2,205 | €1,222 | -€983 | -44.6% |
| Gross operating margin | 9900 | €8,464 | €25,217 | +€16,753 | +197.9% |
| Operating profit (loss) | 9901 | -€1,842 | €16,232 | +€18,075 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €51 | €48 | -€3 | -6.8% |
| Recurring financial charges | 65 | €51 | €48 | -€3 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,893 | €16,185 | +€18,078 | |
| Income taxes | 67/77 | €202 | €141 | -€62 | -30.4% |
| Profit (loss) for the period | 9904 | -€2,095 | €16,044 | +€18,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,095 | €16,044 | +€18,139 |
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 4 October 2026 via checked.be.