BX. TRADE: 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. TRADE
Largest movements
- Cash +€204,321
up €204,321 (+64.4%), from €317,269 to €521,590
mainly Other debts (+€140,000) and Depreciation (+€110,233)
- Current investments +€200,000
up €200,000 (+200%), from €100,000 to €300,000
- Receivables within one year +€84,920
up €84,920 (+11.3%), from €752,417 to €837,337
of which Other amounts receivable: +€262,825
- Tangible fixed assets -€69,840
down €69,840 (-4.5%), from €1.5m to €1.5m
of which Land and buildings: -€60,674
- Other debts +€140,000
up €140,000 (+39.5%), from €354,407 to €494,407
- Trade debts +€102,431
up €102,431 (+17.8%), from €576,119 to €678,551
- Reserves +€100,506
up €100,506 (+6.9%), from €1.5m to €1.6m
of which Distributable reserves: +€100,506
- Tax, wage and social debts +€53,358
up €53,358 (+485%), from €10,997 to €64,356
of which Taxes: +€53,018
- Advances received +€46,899
new in 2025: €46,899
- Write-downs -€226,114
down €226,114, from €166,703 to -€59,411
- Financial charges +€84,738
up €84,738 (+252%), from €33,613 to €118,351
- Gross operating margin -€72,357
down €72,357 (-16.8%), from €429,962 to €357,605
- Depreciation +€31,900
up €31,900 (+40.7%), from €78,333 to €110,233
- Financial income +€15,573
up €15,573 (+52.6%), from €29,627 to €45,200
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.
Derived cash bridge
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 | €2,778,590 | €3,215,281 | +€436,691 | +15.7% |
| Fixed assets | 21/28 | €1,548,107 | €1,478,267 | -€69,840 | -4.5% |
| Tangible fixed assets | 22/27 | €1,548,107 | €1,478,267 | -€69,840 | -4.5% |
| Land and buildings | 22 | €1,343,346 | €1,282,672 | -€60,674 | -4.5% |
| Plant, machinery and equipment | 23 | €7,753 | €5,527 | -€2,226 | -28.7% |
| Furniture and vehicles | 24 | €197,008 | €190,068 | -€6,940 | -3.5% |
| Current assets | 29/58 | €1,230,484 | €1,737,014 | +€506,531 | +41.2% |
| Stocks and contracts in progress | 3 | €50,406 | €77,890 | +€27,484 | +54.5% |
| Stocks | 30/36 | €50,406 | €77,890 | +€27,484 | +54.5% |
| Amounts receivable within one year | 40/41 | €752,417 | €837,337 | +€84,920 | +11.3% |
| Trade receivables | 40 | €742,211 | €564,307 | -€177,904 | -24.0% |
| Other amounts receivable | 41 | €10,206 | €273,030 | +€262,825 | +2,575% |
| Current investments | 50/53 | €100,000 | €300,000 | +€200,000 | +200% |
| Cash at bank and in hand | 54/58 | €317,269 | €521,590 | +€204,321 | +64.4% |
| Deferred charges and accrued income | 490/1 | €10,392 | €197 | -€10,195 | -98.1% |
| Total equity and liabilities | 10/49 | €2,778,590 | €3,215,281 | +€436,691 | +15.7% |
| Equity | 10/15 | €1,808,714 | €1,909,220 | +€100,506 | +5.6% |
| Contributions | 10/11 | €305,221 | €305,221 | = | 0.0% |
| Capital | 10 | €305,221 | €305,221 | = | 0.0% |
| Issued capital | 100 | €305,221 | €305,221 | = | 0.0% |
| Revaluation surpluses | 12 | €39,400 | €39,400 | = | 0.0% |
| Reserves | 13 | €1,464,094 | €1,564,600 | +€100,506 | +6.9% |
| Non-distributable reserves | 130/1 | €30,522 | €30,522 | = | 0.0% |
| Legal reserve | 130 | €30,522 | €30,522 | = | 0.0% |
| Distributable reserves | 133 | €1,433,572 | €1,534,078 | +€100,506 | +7.0% |
| Amounts payable | 17/49 | €969,876 | €1,306,061 | +€336,185 | +34.7% |
| Amounts payable within one year | 42/48 | €941,524 | €1,284,212 | +€342,689 | +36.4% |
| Trade debts | 44 | €576,119 | €678,551 | +€102,431 | +17.8% |
| Suppliers | 440/4 | €576,119 | €678,551 | +€102,431 | +17.8% |
| Advances received on contracts in progress | 46 | - | €46,899 | +€46,899 | |
| Taxes, remuneration and social security | 45 | €10,997 | €64,356 | +€53,358 | +485% |
| Taxes | 450/3 | €6,927 | €59,945 | +€53,018 | +765% |
| Remuneration and social security | 454/9 | €4,070 | €4,410 | +€340 | +8.4% |
| Other amounts payable | 47/48 | €354,407 | €494,407 | +€140,000 | +39.5% |
| Accrued charges and deferred income | 492/3 | €28,353 | €21,849 | -€6,504 | -22.9% |
| Non-recurring operating income | 76A | €43,556 | €4,849 | -€38,707 | -88.9% |
| Remuneration, social security and pensions | 62 | €54,319 | €58,570 | +€4,250 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,333 | €110,233 | +€31,900 | +40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €166,703 | -€59,411 | -€226,114 | |
| Other operating charges | 640/8 | €36,724 | €38,330 | +€1,605 | +4.4% |
| Gross operating margin | 9900 | €429,962 | €357,605 | -€72,357 | -16.8% |
| Operating profit (loss) | 9901 | €93,883 | €209,884 | +€116,001 | +124% |
| Financial income | 75/76B | €29,627 | €45,200 | +€15,573 | +52.6% |
| Recurring financial income | 75 | €29,627 | €45,200 | +€15,573 | +52.6% |
| Financial charges | 65/66B | €33,613 | €118,351 | +€84,738 | +252% |
| Recurring financial charges | 65 | €33,613 | €118,351 | +€84,738 | +252% |
| Profit (loss) for the period before taxes | 9903 | €89,897 | €136,733 | +€46,836 | +52.1% |
| Income taxes | 67/77 | €23,129 | €36,227 | +€13,098 | +56.6% |
| Profit (loss) for the period | 9904 | €66,768 | €100,506 | +€33,738 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,768 | €100,506 | +€33,738 | +50.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.