BSX: 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.
BSX
Largest movements
- Cash -€12,516
down €12,516 (-77.9%), from €16,068 to €3,551
mainly Other debts (-€11,073) and Receivables within one year (-€10,135)
- Receivables within one year +€10,135
up €10,135 (+366.8%), from €2,763 to €12,898
of which Trade receivables: +€10,631
- Deferred charges and accrued income -€6,919
down €6,919 (-18.4%), from €37,595 to €30,675
- Tangible fixed assets -€6,540
down €6,540 (-67.0%), from €9,760 to €3,220
- Other debts -€11,073
down €11,073 (-43.3%), from €25,576 to €14,503
- Debts after one year -€2,825
no longer reported in 2025 (was €2,825)
- Current portion of long-term debt -€2,787
down €2,787 (-49.7%), from €5,612 to €2,825
- Tax, wage and social debts +€936
up €936 (+23.8%), from €3,927 to €4,863
- Financial charges -€32,552
down €32,552 (-99.7%), from €32,664 to €113
- Gross operating margin +€2,972
up €2,972 (+66.2%), from €4,493 to €7,465
- Depreciation -€424
down €424 (-6.1%), from €6,964 to €6,540
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 | €66,536 | €50,495 | -€16,041 | -24.1% |
| Fixed assets | 21/28 | €10,110 | €3,370 | -€6,740 | -66.7% |
| Tangible fixed assets | 22/27 | €9,760 | €3,220 | -€6,540 | -67.0% |
| Furniture and vehicles | 24 | €9,760 | €3,220 | -€6,540 | -67.0% |
| Financial fixed assets | 28 | €350 | €150 | -€200 | -57.1% |
| Current assets | 29/58 | €56,426 | €47,125 | -€9,301 | -16.5% |
| Amounts receivable within one year | 40/41 | €2,763 | €12,898 | +€10,135 | +366.8% |
| Trade receivables | 40 | - | €10,631 | +€10,631 | |
| Other amounts receivable | 41 | €2,763 | €2,267 | -€496 | -17.9% |
| Cash at bank and in hand | 54/58 | €16,068 | €3,551 | -€12,516 | -77.9% |
| Deferred charges and accrued income | 490/1 | €37,595 | €30,675 | -€6,919 | -18.4% |
| Total equity and liabilities | 10/49 | €66,536 | €50,495 | -€16,041 | -24.1% |
| Equity | 10/15 | €26,689 | €27,017 | +€328 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,189 | €21,517 | +€328 | +1.5% |
| Amounts payable | 17/49 | €39,846 | €23,478 | -€16,369 | -41.1% |
| Amounts payable after more than one year | 17 | €2,825 | - | -€2,825 | |
| Financial debts | 170/4 | €2,825 | - | -€2,825 | |
| Amounts payable within one year | 42/48 | €37,021 | €23,478 | -€13,544 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €5,612 | €2,825 | -€2,787 | -49.7% |
| Trade debts | 44 | €1,907 | €1,287 | -€620 | -32.5% |
| Suppliers | 440/4 | €1,907 | €1,287 | -€620 | -32.5% |
| Taxes, remuneration and social security | 45 | €3,927 | €4,863 | +€936 | +23.8% |
| Taxes | 450/3 | €3,927 | €4,863 | +€936 | +23.8% |
| Other amounts payable | 47/48 | €25,576 | €14,503 | -€11,073 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,964 | €6,540 | -€424 | -6.1% |
| Other operating charges | 640/8 | €244 | €254 | +€10 | +4.1% |
| Gross operating margin | 9900 | €4,493 | €7,465 | +€2,972 | +66.2% |
| Operating profit (loss) | 9901 | -€2,715 | €672 | +€3,386 | |
| Financial income | 75/76B | €25 | €2 | -€23 | -93.6% |
| Recurring financial income | 75 | €25 | €2 | -€23 | -93.6% |
| Financial charges | 65/66B | €32,664 | €113 | -€32,552 | -99.7% |
| Recurring financial charges | 65 | €32,664 | €113 | -€32,552 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,354 | €561 | +€35,915 | |
| Income taxes | 67/77 | €237 | €233 | -€4 | -1.8% |
| Profit (loss) for the period | 9904 | -€35,591 | €328 | +€35,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,591 | €328 | +€35,919 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.