BX REPRESENT: 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.
BX REPRESENT
Largest movements
- Receivables within one year +€120,791
up €120,791 (+71.6%), from €168,797 to €289,588
of which Trade receivables: +€151,252
- Deferred charges and accrued income +€98,019
new in 2025: €98,019
- Cash -€61,767
down €61,767 (-46.6%), from €132,479 to €70,712
mainly Receivables within one year (-€120,791) and Deferred charges and accrued income (-€98,019)
- Tangible fixed assets +€15,794
new in 2025: €15,794
- Accrued charges and deferred income +€224,003
new in 2025: €224,003
- Profit (loss) carried forward -€55,778
down €55,778 (-8.0%), from -€694,689 to -€750,467
- Debts within one year +€5,112
up €5,112 (+5.5%), from €93,627 to €98,739
of which Trade debts: +€33,927
- Gross operating margin -€92,714
down €92,714 (-20.4%), from €454,619 to €361,905
- Other operating charges -€9,185
down €9,185 (-37.5%), from €24,517 to €15,331
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 | €301,897 | €475,233 | +€173,337 | +57.4% |
| Fixed assets | 21/28 | €620 | €16,914 | +€16,294 | +2627.8% |
| Tangible fixed assets | 22/27 | - | €15,794 | +€15,794 | |
| Plant, machinery and equipment | 23 | - | €15,794 | +€15,794 | |
| Financial fixed assets | 28 | €620 | €1,120 | +€500 | +80.6% |
| Current assets | 29/58 | €301,277 | €458,320 | +€157,043 | +52.1% |
| Amounts receivable within one year | 40/41 | €168,797 | €289,588 | +€120,791 | +71.6% |
| Trade receivables | 40 | €30,262 | €181,514 | +€151,252 | +499.8% |
| Other amounts receivable | 41 | €138,536 | €108,075 | -€30,461 | -22.0% |
| Cash at bank and in hand | 54/58 | €132,479 | €70,712 | -€61,767 | -46.6% |
| Deferred charges and accrued income | 490/1 | - | €98,019 | +€98,019 | |
| Total equity and liabilities | 10/49 | €301,897 | €475,233 | +€173,337 | +57.4% |
| Equity | 10/15 | €196,269 | €140,491 | -€55,778 | -28.4% |
| Contributions | 10/11 | €890,958 | €890,958 | = | 0.0% |
| Capital | 10 | €890,958 | €890,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694,689 | -€750,467 | -€55,778 | -8.0% |
| Provisions and deferred taxes | 16 | €12,000 | €12,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €12,000 | = | 0.0% |
| Environmental obligations | 163 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable | 17/49 | €93,627 | €322,742 | +€229,115 | +244.7% |
| Amounts payable within one year | 42/48 | €93,627 | €98,739 | +€5,112 | +5.5% |
| Trade debts | 44 | €22,955 | €56,882 | +€33,927 | +147.8% |
| Suppliers | 440/4 | €22,955 | €56,882 | +€33,927 | +147.8% |
| Taxes, remuneration and social security | 45 | €29,005 | €41,857 | +€12,852 | +44.3% |
| Taxes | 450/3 | - | €12,847 | +€12,847 | |
| Remuneration and social security | 454/9 | €29,005 | €29,010 | +€4 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €224,003 | +€224,003 | |
| Remuneration, social security and pensions | 62 | €398,078 | €394,432 | -€3,646 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,681 | €3,948 | +€267 | +7.3% |
| Other operating charges | 640/8 | €24,517 | €15,331 | -€9,185 | -37.5% |
| Non-recurring operating charges | 66A | €35,821 | €2,182 | -€33,639 | -93.9% |
| Gross operating margin | 9900 | €454,619 | €361,905 | -€92,714 | -20.4% |
| Operating profit (loss) | 9901 | -€7,478 | -€53,989 | -€46,511 | -622.0% |
| Financial income | 75/76B | €0 | €178 | +€177 | +53748.5% |
| Recurring financial income | 75 | €0 | €178 | +€177 | +53748.5% |
| Financial charges | 65/66B | €366 | €1,967 | +€1,601 | +437.3% |
| Recurring financial charges | 65 | €366 | €1,967 | +€1,601 | +437.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,844 | -€55,778 | -€47,935 | -611.1% |
| Profit (loss) for the period | 9904 | -€7,844 | -€55,778 | -€47,935 | -611.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,844 | -€55,778 | -€47,935 | -611.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.