BXLMRS: 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.
BXLMRS
Largest movements
- Receivables within one year +€29,912
up €29,912 (+36.5%), from €82,035 to €111,947
of which Other amounts receivable: +€16,684
- Other debts +€76,986
up €76,986, from €0 to €76,986
- Reserves -€52,662
down €52,662 (-31.5%), from €166,965 to €114,303
of which Distributable reserves: -€52,662
- Debts after one year -€12,314
down €12,314 (-100%), from €12,314 to €0
- Tax, wage and social debts +€12,083
up €12,083 (+21.5%), from €56,281 to €68,363
- Trade debts +€5,310
up €5,310 (+175%), from €3,026 to €8,336
- Financial income -€15,490
down €15,490 (-57.1%), from €27,130 to €11,640
- Gross operating margin -€8,610
down €8,610 (-19.1%), from €45,055 to €36,446
- Taxes -€7,097
down €7,097 (-35.3%), from €20,118 to €13,022
- Other operating charges -€898
down €898 (-64.8%), from €1,385 to €487
- Financial charges +€651
up €651 (+17.1%), from €3,801 to €4,451
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 | €303,850 | €333,041 | +€29,191 | +9.6% |
| Fixed assets | 21/28 | €420 | €1,093 | +€673 | +160% |
| Tangible fixed assets | 22/27 | €420 | €1,093 | +€673 | +160% |
| Plant, machinery and equipment | 23 | €420 | €1,093 | +€673 | +160% |
| Current assets | 29/58 | €303,429 | €331,947 | +€28,518 | +9.4% |
| Amounts receivable after more than one year | 29 | €220,000 | €220,000 | = | 0.0% |
| Other amounts receivable | 291 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,035 | €111,947 | +€29,912 | +36.5% |
| Trade receivables | 40 | €20,558 | €33,786 | +€13,228 | +64.3% |
| Other amounts receivable | 41 | €61,477 | €78,161 | +€16,684 | +27.1% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,394 | €0 | -€1,394 | -100% |
| Total equity and liabilities | 10/49 | €303,850 | €333,041 | +€29,191 | +9.6% |
| Equity | 10/15 | €205,586 | €152,925 | -€52,662 | -25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,965 | €114,303 | -€52,662 | -31.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €165,105 | €112,443 | -€52,662 | -31.9% |
| Profit (loss) carried forward | 14 | €32,421 | €32,421 | = | 0.0% |
| Amounts payable | 17/49 | €98,263 | €180,116 | +€81,853 | +83.3% |
| Amounts payable after more than one year | 17 | €12,314 | €0 | -€12,314 | -100% |
| Financial debts | 170/4 | €12,314 | €0 | -€12,314 | -100% |
| Amounts payable within one year | 42/48 | €85,949 | €180,116 | +€94,167 | +110% |
| Current portion of amounts payable after more than one year | 42 | €11,655 | €12,314 | +€659 | +5.7% |
| Financial debts | 43 | €14,987 | €14,117 | -€871 | -5.8% |
| Credit institutions | 430/8 | €14,987 | €14,117 | -€871 | -5.8% |
| Trade debts | 44 | €3,026 | €8,336 | +€5,310 | +175% |
| Suppliers | 440/4 | €3,026 | €8,336 | +€5,310 | +175% |
| Taxes, remuneration and social security | 45 | €56,281 | €68,363 | +€12,083 | +21.5% |
| Taxes | 450/3 | €56,281 | €68,363 | +€12,083 | +21.5% |
| Other amounts payable | 47/48 | €0 | €76,986 | +€76,986 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420 | €642 | +€222 | +52.9% |
| Other operating charges | 640/8 | €1,385 | €487 | -€898 | -64.8% |
| Gross operating margin | 9900 | €45,055 | €36,446 | -€8,610 | -19.1% |
| Operating profit (loss) | 9901 | €43,251 | €35,316 | -€7,934 | -18.3% |
| Financial income | 75/76B | €27,130 | €11,640 | -€15,490 | -57.1% |
| Recurring financial income | 75 | €27,130 | €11,640 | -€15,490 | -57.1% |
| Financial charges | 65/66B | €3,801 | €4,451 | +€651 | +17.1% |
| Recurring financial charges | 65 | €3,801 | €4,451 | +€651 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €66,580 | €42,505 | -€24,075 | -36.2% |
| Income taxes | 67/77 | €20,118 | €13,022 | -€7,097 | -35.3% |
| Profit (loss) for the period | 9904 | €46,462 | €29,483 | -€16,979 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,462 | €29,483 | -€16,979 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.