DR. BEX: 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.
DR. BEX
Largest movements
- Cash +€47,782
up €47,782 (+41.2%), from €116,000 to €163,783
mainly Net result for the year (+€73,995) and Other debts (+€17,531)
- Deferred charges and accrued income +€16,358
up €16,358 (+437.5%), from €3,739 to €20,096
- Current investments +€11,807
up €11,807 (+1.2%), from €961,542 to €973,349
- Reserves +€53,995
up €53,995 (+5.1%), from €1.1m to €1.1m
of which Distributable reserves: +€53,995
- Other debts +€17,531
up €17,531 (+509.4%), from €3,441 to €20,972
- Gross operating margin -€17,967
down €17,967 (-14.1%), from €127,740 to €109,772
- Taxes -€7,855
down €7,855 (-18.0%), from €43,697 to €35,842
- Financial income -€2,437
down €2,437 (-13.6%), from €17,933 to €15,496
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 | €1,102,337 | €1,167,906 | +€65,569 | +5.9% |
| Fixed assets | 21/28 | €21,056 | €10,678 | -€10,378 | -49.3% |
| Tangible fixed assets | 22/27 | €20,816 | €10,438 | -€10,378 | -49.9% |
| Land and buildings | 22 | €4,245 | €3,007 | -€1,238 | -29.2% |
| Plant, machinery and equipment | 23 | €3,269 | €2,529 | -€739 | -22.6% |
| Furniture and vehicles | 24 | €13,302 | €4,902 | -€8,400 | -63.1% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €1,081,281 | €1,157,228 | +€75,947 | +7.0% |
| Current investments | 50/53 | €961,542 | €973,349 | +€11,807 | +1.2% |
| Cash at bank and in hand | 54/58 | €116,000 | €163,783 | +€47,782 | +41.2% |
| Deferred charges and accrued income | 490/1 | €3,739 | €20,096 | +€16,358 | +437.5% |
| Total equity and liabilities | 10/49 | €1,102,337 | €1,167,906 | +€65,569 | +5.9% |
| Equity | 10/15 | €1,074,163 | €1,128,158 | +€53,995 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,055,571 | €1,109,566 | +€53,995 | +5.1% |
| Non-distributable reserves | 130/1 | €6,570 | €6,570 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,570 | €6,570 | = | 0.0% |
| Distributable reserves | 133 | €1,049,001 | €1,102,996 | +€53,995 | +5.1% |
| Amounts payable | 17/49 | €28,173 | €39,748 | +€11,575 | +41.1% |
| Amounts payable within one year | 42/48 | €28,173 | €39,748 | +€11,575 | +41.1% |
| Financial debts | 43 | €11,191 | €10,098 | -€1,093 | -9.8% |
| Credit institutions | 430/8 | €11,191 | €10,098 | -€1,093 | -9.8% |
| Trade debts | 44 | €4,997 | €7,485 | +€2,488 | +49.8% |
| Suppliers | 440/4 | €4,997 | €7,485 | +€2,488 | +49.8% |
| Taxes, remuneration and social security | 45 | €8,544 | €1,193 | -€7,351 | -86.0% |
| Taxes | 450/3 | €8,544 | €1,193 | -€7,351 | -86.0% |
| Other amounts payable | 47/48 | €3,441 | €20,972 | +€17,531 | +509.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,056 | €10,378 | +€321 | +3.2% |
| Other operating charges | 640/8 | €2,472 | €2,807 | +€335 | +13.5% |
| Gross operating margin | 9900 | €127,740 | €109,772 | -€17,967 | -14.1% |
| Operating profit (loss) | 9901 | €115,211 | €96,588 | -€18,623 | -16.2% |
| Financial income | 75/76B | €17,933 | €15,496 | -€2,437 | -13.6% |
| Recurring financial income | 75 | €17,933 | €15,496 | -€2,437 | -13.6% |
| Financial charges | 65/66B | €1,327 | €2,247 | +€920 | +69.3% |
| Recurring financial charges | 65 | €1,327 | €2,247 | +€920 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €131,817 | €109,837 | -€21,980 | -16.7% |
| Income taxes | 67/77 | €43,697 | €35,842 | -€7,855 | -18.0% |
| Profit (loss) for the period | 9904 | €88,120 | €73,995 | -€14,125 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,120 | €73,995 | -€14,125 | -16.0% |
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 29 September 2026 via checked.be.