BXL STUDIO: 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.
BXL STUDIO
Largest movements
- Receivables within one year +€2,973
up €2,973 (+41.2%), from €7,225 to €10,198
of which Other amounts receivable: +€2,973
- Tangible fixed assets -€2,122
down €2,122 (-14.1%), from €15,096 to €12,974
of which Furniture and vehicles: -€1,083
- Deferred charges and accrued income +€730
new in 2025: €730
- Cash +€722
up €722 (+22.5%), from €3,203 to €3,925
mainly Depreciation (+€5,042) and Trade debts (+€4,907)
- Trade debts +€4,907
up €4,907 (+58.8%), from €8,344 to €13,252
- Profit (loss) carried forward -€1,583
down €1,583 (-22.0%), from -€7,210 to -€8,793
- Tax, wage and social debts -€1,021
down €1,021 (-11.4%), from €8,952 to €7,930
of which Remuneration and social security: -€3,150
- Gross operating margin +€4,961
up €4,961 (+1457.4%), from €340 to €5,301
- Financial charges +€1,373
up €1,373 (+692.2%), from €198 to €1,572
- Depreciation +€1,034
up €1,034 (+25.8%), from €4,007 to €5,042
- Other operating charges -€112
down €112 (-28.9%), from €387 to €275
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 | €25,617 | €27,920 | +€2,303 | +9.0% |
| Fixed assets | 21/28 | €15,190 | €13,068 | -€2,122 | -14.0% |
| Tangible fixed assets | 22/27 | €15,096 | €12,974 | -€2,122 | -14.1% |
| Furniture and vehicles | 24 | €9,333 | €8,249 | -€1,083 | -11.6% |
| Other tangible fixed assets | 26 | €5,764 | €4,725 | -€1,039 | -18.0% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €10,427 | €14,852 | +€4,425 | +42.4% |
| Amounts receivable within one year | 40/41 | €7,225 | €10,198 | +€2,973 | +41.2% |
| Trade receivables | 40 | €7,033 | €7,033 | -€0 | 0.0% |
| Other amounts receivable | 41 | €192 | €3,165 | +€2,973 | +1548.6% |
| Cash at bank and in hand | 54/58 | €3,203 | €3,925 | +€722 | +22.5% |
| Deferred charges and accrued income | 490/1 | - | €730 | +€730 | |
| Total equity and liabilities | 10/49 | €25,617 | €27,920 | +€2,303 | +9.0% |
| Equity | 10/15 | €8,121 | €6,538 | -€1,583 | -19.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,831 | €12,831 | = | 0.0% |
| Distributable reserves | 133 | €12,831 | €12,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,210 | -€8,793 | -€1,583 | -22.0% |
| Amounts payable | 17/49 | €17,496 | €21,382 | +€3,886 | +22.2% |
| Amounts payable within one year | 42/48 | €17,496 | €21,382 | +€3,886 | +22.2% |
| Trade debts | 44 | €8,344 | €13,252 | +€4,907 | +58.8% |
| Suppliers | 440/4 | €8,344 | €13,252 | +€4,907 | +58.8% |
| Advances received on contracts in progress | 46 | €200 | €200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,952 | €7,930 | -€1,021 | -11.4% |
| Taxes | 450/3 | €5,802 | €7,930 | +€2,129 | +36.7% |
| Remuneration and social security | 454/9 | €3,150 | - | -€3,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,007 | €5,042 | +€1,034 | +25.8% |
| Other operating charges | 640/8 | €387 | €275 | -€112 | -28.9% |
| Non-recurring operating charges | 66A | - | €8 | +€8 | |
| Gross operating margin | 9900 | €340 | €5,301 | +€4,961 | +1457.4% |
| Operating profit (loss) | 9901 | -€4,054 | -€24 | +€4,031 | +99.4% |
| Financial income | 75/76B | €4 | €13 | +€9 | +229.0% |
| Recurring financial income | 75 | €4 | €13 | +€9 | +229.0% |
| Financial charges | 65/66B | €198 | €1,572 | +€1,373 | +692.2% |
| Recurring financial charges | 65 | €198 | €1,572 | +€1,373 | +692.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,249 | -€1,583 | +€2,666 | +62.7% |
| Profit (loss) for the period | 9904 | -€4,249 | -€1,583 | +€2,666 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,249 | -€1,583 | +€2,666 | +62.7% |
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 5 October 2026 via checked.be.