BNOX: 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.
BNOX
Largest movements
- Cash -€15,118
down €15,118 (-56.8%), from €26,627 to €11,509
mainly Investment in fixed assets (net) (-€10,209) and Net result for the year (-€6,052)
- Tangible fixed assets +€7,316
up €7,316 (+193.4%), from €3,782 to €11,098
of which Furniture and vehicles: +€4,980
- Profit (loss) carried forward -€6,052
down €6,052 (-10.9%), from -€55,295 to -€61,347
- Short-term financial debts -€1,395
down €1,395 (-94.4%), from €1,477 to €83
- Trade debts -€592
down €592 (-43.2%), from €1,372 to €779
- Gross operating margin +€3,059
up €3,059 (+54.1%), from -€5,651 to -€2,592
- Depreciation +€704
up €704 (+32.2%), from €2,189 to €2,893
- Financial income +€161
up €161 (+474.3%), from €34 to €195
- Taxes +€141
up €141, from €0 to €141
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 | €31,816 | €23,859 | -€7,957 | -25.0% |
| Fixed assets | 21/28 | €3,872 | €11,188 | +€7,316 | +188.9% |
| Tangible fixed assets | 22/27 | €3,782 | €11,098 | +€7,316 | +193.4% |
| Plant, machinery and equipment | 23 | €0 | €2,336 | +€2,336 | |
| Furniture and vehicles | 24 | €3,782 | €8,761 | +€4,980 | +131.7% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €27,944 | €12,671 | -€15,273 | -54.7% |
| Amounts receivable within one year | 40/41 | €128 | €233 | +€105 | +82.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €128 | €233 | +€105 | +82.0% |
| Cash at bank and in hand | 54/58 | €26,627 | €11,509 | -€15,118 | -56.8% |
| Deferred charges and accrued income | 490/1 | €1,189 | €929 | -€260 | -21.8% |
| Total equity and liabilities | 10/49 | €31,816 | €23,859 | -€7,957 | -25.0% |
| Equity | 10/15 | €28,284 | €22,232 | -€6,052 | -21.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €63,580 | €63,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,608 | €7,608 | = | 0.0% |
| Distributable reserves | 133 | €55,971 | €55,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,295 | -€61,347 | -€6,052 | -10.9% |
| Amounts payable | 17/49 | €3,532 | €1,627 | -€1,905 | -53.9% |
| Amounts payable within one year | 42/48 | €3,532 | €1,627 | -€1,905 | -53.9% |
| Financial debts | 43 | €1,477 | €83 | -€1,395 | -94.4% |
| Credit institutions | 430/8 | €1,477 | €83 | -€1,395 | -94.4% |
| Trade debts | 44 | €1,372 | €779 | -€592 | -43.2% |
| Suppliers | 440/4 | €1,372 | €779 | -€592 | -43.2% |
| Taxes, remuneration and social security | 45 | €0 | €141 | +€141 | |
| Taxes | 450/3 | €0 | €141 | +€141 | |
| Other amounts payable | 47/48 | €683 | €624 | -€59 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,189 | €2,893 | +€704 | +32.2% |
| Other operating charges | 640/8 | €588 | €550 | -€39 | -6.6% |
| Gross operating margin | 9900 | -€5,651 | -€2,592 | +€3,059 | +54.1% |
| Operating profit (loss) | 9901 | -€8,428 | -€6,035 | +€2,394 | +28.4% |
| Financial income | 75/76B | €34 | €195 | +€161 | +474.3% |
| Recurring financial income | 75 | €34 | €195 | +€161 | +474.3% |
| Financial charges | 65/66B | €80 | €72 | -€8 | -10.1% |
| Recurring financial charges | 65 | €80 | €72 | -€8 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,474 | -€5,911 | +€2,563 | +30.2% |
| Income taxes | 67/77 | €0 | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€8,474 | -€6,052 | +€2,422 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,474 | -€6,052 | +€2,422 | +28.6% |
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 3 October 2026 via checked.be.