BX1: 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.
What changed
BX1
NACE 59.114, Motion picture, video and television programme production, sound recording and music publishing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · -€28,038-€1.2m
Equity
€9.8m
2024 · €10.9m-€1.1m
Cash
€2.6m
2024 · €4.3m-€1.6m
Balance sheet total
€16.6m
2024 · €16.5m+€74,682
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-38.5%), from €4.3m to €2.6m
mainly Investment in fixed assets (net) (-€2.3m) and Net result for the year (-€1.2m)
- Tangible fixed assets +€1.5m
up €1.5m (+18.8%), from €8.0m to €9.6m
of which Land and buildings: +€7.7m
- Receivables within one year +€502,599
up €502,599 (+14.6%), from €3.4m to €3.9m
of which Other amounts receivable: +€1.1m
- Receivables after one year -€479,173
down €479,173 (-97.8%), from €490,027 to €10,854
of which Other amounts receivable: -€479,173
- Intangible fixed assets +€314,472
up €314,472, from €0 to €314,472
Equity and liabilities
- Debts within one year +€1.4m
up €1.4m (+30.1%), from €4.6m to €5.9m
- Profit (loss) carried forward -€1.2m
down €1.2m, from €58,990 to -€1.2m
Income statement
- Staff costs +€931,882
up €931,882 (+17.9%), from €5.2m to €6.2m
- Turnover -€275,048
down €275,048 (-14.7%), from €1.9m to €1.6m
- Services and other goods -€145,174
down €145,174 (-3.9%), from €3.8m to €3.6m
- Financial charges -€92,263
down €92,263 (-97.7%), from €94,406 to €2,143
of which Non-recurring financial charges: -€91,180
- Depreciation +€49,950
up €49,950 (+10.2%), from €489,959 to €539,909
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.
Result 2024
-€28,038
Turnover
-€275,048
Other operating income
+€5,324
Services and other goods
+€145,174
Staff costs
-€931,882
Depreciation
-€49,950
Write-downs
-€1,294
Other operating charges
-€30,722
Other operating items
-€174,715
Financial income
-€4,644
Financial charges
+€92,263
Taxes
+€4,224
Result 2025
-€1.2m
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.
From operations
+€537,011
Investment
-€2.3m
Financing
+€113,370
Cash 2024
€4.3m
From operations (derived)
+€537,011
Net result for the year
-€1.2m
Depreciation
+€539,909
Receivables after one year
+€479,173
Receivables within one year
-€502,599
Deferred charges and accrued income
+€59,216
Provisions
-€117,524
Debts within one year
+€1.4m
Accrued charges and deferred income
-€42,962
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€113,370
Contributions, distributions and other
+€113,370
Cash 2025
€2.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,478,445 | €16,553,128 | +€74,682 | +0.5% |
| Formation expenses | 20 | €72,718 | €0 | -€72,718 | -100.0% |
| Fixed assets | 21/28 | €8,047,375 | €9,875,584 | +€1.8m | +22.7% |
| Intangible fixed assets | 21 | €0 | €314,472 | +€314,472 | |
| Tangible fixed assets | 22/27 | €8,046,459 | €9,560,142 | +€1.5m | +18.8% |
| Land and buildings | 22 | €65,397 | €7,762,529 | +€7.7m | +11769.9% |
| Plant, machinery and equipment | 23 | €682,828 | €1,237,216 | +€554,388 | +81.2% |
| Furniture and vehicles | 24 | €251,490 | €555,993 | +€304,503 | +121.1% |
| Other tangible fixed assets | 26 | €16,402 | €4,403 | -€11,999 | -73.2% |
| Assets under construction and advance payments | 27 | €7,030,342 | €0 | -€7.0m | -100.0% |
| Financial fixed assets | 28 | €917 | €970 | +€53 | +5.8% |
| Other financial fixed assets | 284/8 | €917 | €970 | +€53 | +5.8% |
| Amounts receivable and cash guarantees | 285/8 | €917 | €970 | +€53 | +5.8% |
| Current assets | 29/58 | €8,358,351 | €6,677,544 | -€1.7m | -20.1% |
| Amounts receivable after more than one year | 29 | €490,027 | €10,854 | -€479,173 | -97.8% |
| Trade receivables | 290 | €10,854 | €10,854 | = | 0.0% |
| Other amounts receivable | 291 | €479,173 | €0 | -€479,173 | -100.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,438,232 | €3,940,832 | +€502,599 | +14.6% |
| Trade receivables | 40 | €835,846 | €281,587 | -€554,259 | -66.3% |
| Other amounts receivable | 41 | €2,602,387 | €3,659,245 | +€1.1m | +40.6% |
| Cash at bank and in hand | 54/58 | €4,276,493 | €2,631,475 | -€1.6m | -38.5% |
| Deferred charges and accrued income | 490/1 | €153,599 | €94,383 | -€59,216 | -38.6% |
| Total equity and liabilities | 10/49 | €16,478,445 | €16,553,128 | +€74,682 | +0.5% |
| Equity | 10/15 | €10,910,613 | €9,774,673 | -€1.1m | -10.4% |
| Reserves | 13 | €2,175,500 | €2,175,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,990 | -€1,190,319 | -€1.2m | |
| Investment grants | 15 | €8,676,123 | €8,789,493 | +€113,370 | +1.3% |
| Provisions and deferred taxes | 16 | €768,690 | €651,166 | -€117,524 | -15.3% |
| Provisions for liabilities and charges | 160/5 | €768,690 | €651,166 | -€117,524 | -15.3% |
| Major repairs and maintenance | 162 | €10,000 | €0 | -€10,000 | -100.0% |
| Environmental obligations | 163 | €758,690 | - | -€758,690 | |
| Other liabilities and charges | 164/5 | - | €651,166 | +€651,166 | |
| Amounts payable | 17/49 | €4,799,143 | €6,127,288 | +€1.3m | +27.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,554,039 | €5,925,148 | +€1.4m | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €34,206 | €0 | -€34,206 | -100.0% |
| Trade debts | 44 | €2,590,211 | €1,053,287 | -€1.5m | -59.3% |
| Suppliers | 440/4 | €2,590,211 | €1,053,287 | -€1.5m | -59.3% |
| Taxes, remuneration and social security | 45 | €720,288 | €520,633 | -€199,654 | -27.7% |
| Taxes | 450/3 | €76,473 | €84,776 | +€8,303 | +10.9% |
| Remuneration and social security | 454/9 | €643,815 | €435,857 | -€207,958 | -32.3% |
| Accrued charges and deferred income | 492/3 | €245,103 | €202,141 | -€42,962 | -17.5% |
| Operating income | 70/76A | €9,711,078 | €9,027,463 | -€683,615 | -7.0% |
| Turnover | 70 | €1,875,095 | €1,600,047 | -€275,048 | -14.7% |
| Other operating income | 74 | €53,947 | €59,271 | +€5,324 | +9.9% |
| Non-recurring operating income | 76A | €442,835 | €0 | -€442,835 | -100.0% |
| Operating charges | 60/66A | €9,667,289 | €10,296,787 | +€629,498 | +6.5% |
| Services and other goods | 61 | €3,764,820 | €3,619,646 | -€145,174 | -3.9% |
| Remuneration, social security and pensions | 62 | €5,220,001 | €6,151,882 | +€931,882 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489,959 | €539,909 | +€49,950 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,099 | €3,393 | +€1,294 | +61.7% |
| Other operating charges | 640/8 | €47,962 | €78,684 | +€30,722 | +64.1% |
| Non-recurring operating charges | 66A | €3,350 | €20,796 | +€17,446 | +520.8% |
| Operating profit (loss) | 9901 | €43,789 | -€1,269,324 | -€1.3m | |
| Financial income | 75/76B | €29,394 | €24,749 | -€4,644 | -15.8% |
| Recurring financial income | 75 | €29,394 | €24,749 | -€4,644 | -15.8% |
| Income from current assets | 751 | €29,378 | €23,685 | -€5,693 | -19.4% |
| Other financial income | 752/9 | €16 | €1,064 | +€1,048 | +6749.9% |
| Financial charges | 65/66B | €94,406 | €2,143 | -€92,263 | -97.7% |
| Recurring financial charges | 65 | €3,225 | €2,143 | -€1,083 | -33.6% |
| Debt charges | 650 | €2,596 | €2,011 | -€585 | -22.5% |
| Other financial charges | 652/9 | €629 | €132 | -€498 | -79.1% |
| Non-recurring financial charges | 66B | €91,180 | - | -€91,180 | |
| Profit (loss) for the period before taxes | 9903 | -€21,223 | -€1,246,717 | -€1.2m | -5774.5% |
| Income taxes | 67/77 | €6,816 | €2,592 | -€4,224 | -62.0% |
| Taxes | 670/3 | €6,816 | €2,592 | -€4,224 | -62.0% |
| Profit (loss) for the period | 9904 | -€28,038 | -€1,249,309 | -€1.2m | -4355.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,038 | -€1,249,309 | -€1.2m | -4355.7% |
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 9 October 2026 via checked.be.