BEXTO: 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.
BEXTO
Largest movements
- Receivables within one year -€48,760
down €48,760 (-33.6%), from €145,121 to €96,361
of which Trade receivables: -€38,412
- Short-term financial debts -€15,809
down €15,809 (-43.8%), from €36,080 to €20,272
- Current portion of long-term debt -€13,265
no longer reported in 2025 (was €13,265)
- Profit (loss) carried forward -€10,811
down €10,811 (-42.3%), from -€25,552 to -€36,363
- Tax, wage and social debts -€9,039
down €9,039 (-78.0%), from €11,589 to €2,550
- Financial charges +€43,893
up €43,893 (+958.8%), from €4,578 to €48,471
of which Non-recurring financial charges: +€41,813
- Gross operating margin +€12,623
up €12,623 (+41.1%), from €30,692 to €43,315
- Depreciation -€2,466
down €2,466 (-42.5%), from €5,802 to €3,335
- Taxes +€2,136
new in 2025: €2,136
- Other operating charges -€894
down €894 (-82.9%), from €1,079 to €185
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,525 | €96,891 | -€49,634 | -33.9% |
| Fixed assets | 21/28 | €1,403 | €530 | -€874 | -62.3% |
| Tangible fixed assets | 22/27 | €874 | - | -€874 | |
| Plant, machinery and equipment | 23 | €509 | - | -€509 | |
| Furniture and vehicles | 24 | €365 | - | -€365 | |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €145,121 | €96,361 | -€48,760 | -33.6% |
| Amounts receivable within one year | 40/41 | €145,121 | €96,361 | -€48,760 | -33.6% |
| Trade receivables | 40 | €118,821 | €80,408 | -€38,412 | -32.3% |
| Other amounts receivable | 41 | €26,301 | €15,953 | -€10,348 | -39.3% |
| Total equity and liabilities | 10/49 | €146,525 | €96,891 | -€49,634 | -33.9% |
| Equity | 10/15 | €84,408 | €73,597 | -€10,811 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,360 | €91,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,500 | €49,500 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,552 | -€36,363 | -€10,811 | -42.3% |
| Amounts payable | 17/49 | €62,117 | €23,294 | -€38,823 | -62.5% |
| Amounts payable within one year | 42/48 | €62,117 | €23,294 | -€38,823 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | €13,265 | - | -€13,265 | |
| Financial debts | 43 | €36,080 | €20,272 | -€15,809 | -43.8% |
| Credit institutions | 430/8 | €36,080 | €20,272 | -€15,809 | -43.8% |
| Trade debts | 44 | €1,183 | €472 | -€710 | -60.1% |
| Suppliers | 440/4 | €1,183 | €472 | -€710 | -60.1% |
| Taxes, remuneration and social security | 45 | €11,589 | €2,550 | -€9,039 | -78.0% |
| Taxes | 450/3 | €11,589 | €2,550 | -€9,039 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,802 | €3,335 | -€2,466 | -42.5% |
| Other operating charges | 640/8 | €1,079 | €185 | -€894 | -82.9% |
| Gross operating margin | 9900 | €30,692 | €43,315 | +€12,623 | +41.1% |
| Operating profit (loss) | 9901 | €23,812 | €39,795 | +€15,983 | +67.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,578 | €48,471 | +€43,893 | +958.8% |
| Recurring financial charges | 65 | €4,578 | €6,658 | +€2,080 | +45.4% |
| Non-recurring financial charges | 66B | - | €41,813 | +€41,813 | |
| Profit (loss) for the period before taxes | 9903 | €19,234 | -€8,675 | -€27,908 | |
| Income taxes | 67/77 | - | €2,136 | +€2,136 | |
| Profit (loss) for the period | 9904 | €19,234 | -€10,811 | -€30,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,234 | -€10,811 | -€30,045 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.