BL-Xpress: 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.
BL-Xpress
Largest movements
- Cash +€274,066
up €274,066 (+135.0%), from €203,056 to €477,122
mainly Net result for the year (+€300,981) and Tax, wage and social debts (+€52,222)
- Tangible fixed assets +€44,477
new in 2025: €44,477
- Receivables within one year +€32,549
up €32,549 (+41.9%), from €77,689 to €110,238
of which Trade receivables: +€35,695
- Reserves +€300,981
new in 2025: €300,981
- Tax, wage and social debts +€52,222
up €52,222 (+39.8%), from €131,119 to €183,340
of which Remuneration and social security: +€28,904
- Trade debts -€18,719
down €18,719 (-43.2%), from €43,325 to €24,607
- Other debts +€8,467
up €8,467 (+22.9%), from €36,936 to €45,402
- Gross operating margin +€877,129
up €877,129 (+178.0%), from €492,768 to €1.4m
- Staff costs +€579,677
up €579,677 (+160.1%), from €362,136 to €941,812
- Taxes +€87,036
up €87,036 (+321.4%), from €27,080 to €114,116
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 | €317,203 | €662,536 | +€345,333 | +108.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,037 | €71,014 | +€43,977 | +162.7% |
| Intangible fixed assets | 21 | €9,084 | €7,084 | -€2,000 | -22.0% |
| Tangible fixed assets | 22/27 | - | €44,477 | +€44,477 | |
| Furniture and vehicles | 24 | - | €44,477 | +€44,477 | |
| Financial fixed assets | 28 | €17,953 | €19,453 | +€1,500 | +8.4% |
| Current assets | 29/58 | €290,166 | €591,522 | +€301,356 | +103.9% |
| Amounts receivable within one year | 40/41 | €77,689 | €110,238 | +€32,549 | +41.9% |
| Trade receivables | 40 | €71,921 | €107,616 | +€35,695 | +49.6% |
| Other amounts receivable | 41 | €5,768 | €2,622 | -€3,146 | -54.5% |
| Cash at bank and in hand | 54/58 | €203,056 | €477,122 | +€274,066 | +135.0% |
| Deferred charges and accrued income | 490/1 | €9,421 | €4,162 | -€5,260 | -55.8% |
| Total equity and liabilities | 10/49 | €317,203 | €662,536 | +€345,333 | +108.9% |
| Equity | 10/15 | €103,996 | €404,977 | +€300,981 | +289.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €300,981 | +€300,981 | |
| Tax-exempt reserves | 132 | - | €300,981 | +€300,981 | |
| Profit (loss) carried forward | 14 | €98,996 | €98,996 | = | 0.0% |
| Amounts payable | 17/49 | €213,207 | €257,559 | +€44,352 | +20.8% |
| Amounts payable within one year | 42/48 | €211,380 | €253,349 | +€41,970 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €43,325 | €24,607 | -€18,719 | -43.2% |
| Suppliers | 440/4 | €43,325 | €24,607 | -€18,719 | -43.2% |
| Taxes, remuneration and social security | 45 | €131,119 | €183,340 | +€52,222 | +39.8% |
| Taxes | 450/3 | €41,725 | €65,043 | +€23,318 | +55.9% |
| Remuneration and social security | 454/9 | €89,394 | €118,297 | +€28,904 | +32.3% |
| Other amounts payable | 47/48 | €36,936 | €45,402 | +€8,467 | +22.9% |
| Accrued charges and deferred income | 492/3 | €1,828 | €4,210 | +€2,382 | +130.4% |
| Remuneration, social security and pensions | 62 | €362,136 | €941,812 | +€579,677 | +160.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €5,006 | +€4,090 | +446.5% |
| Other operating charges | 640/8 | €1,758 | €5,383 | +€3,625 | +206.2% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €492,768 | €1,369,897 | +€877,129 | +178.0% |
| Operating profit (loss) | 9901 | €127,959 | €417,696 | +€289,738 | +226.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -94.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -94.0% |
| Financial charges | 65/66B | €1,884 | €2,600 | +€716 | +38.0% |
| Recurring financial charges | 65 | €1,884 | €2,600 | +€716 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €126,076 | €415,097 | +€289,021 | +229.2% |
| Income taxes | 67/77 | €27,080 | €114,116 | +€87,036 | +321.4% |
| Profit (loss) for the period | 9904 | €98,996 | €300,981 | +€201,985 | +204.0% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,996 | €153,631 | +€54,635 | +55.2% |
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.