SO-BXL: 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.
SO-BXL
Largest movements
- Receivables within one year +€57,153
up €57,153 (+58.6%), from €97,543 to €154,696
of which Trade receivables: +€45,225
- Cash +€5,083
up €5,083 (+26.1%), from €19,461 to €24,543
mainly Other debts (+€74,261) and Trade debts (+€8,637)
- Deferred charges and accrued income -€4,170
down €4,170 (-93.4%), from €4,466 to €297
- Other debts +€74,261
up €74,261 (+177%), from €41,945 to €116,206
- Profit (loss) carried forward -€26,825
down €26,825 (-18.0%), from -€149,375 to -€176,200
- Trade debts +€8,637
up €8,637 (+19.5%), from €44,359 to €52,996
- Gross operating margin -€22,047
down €22,047 (-9,888%), from -€223 to -€22,270
- Depreciation -€15,650
down €15,650 (-99.1%), from €15,794 to €145
- Financial income +€1,645
up €1,645 (+16,452,600%), from €0 to €1,645
- Financial charges -€718
down €718 (-11.3%), from €6,374 to €5,656
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 | €188,730 | €246,688 | +€57,958 | +30.7% |
| Fixed assets | 21/28 | €145 | - | -€145 | |
| Intangible fixed assets | 21 | €145 | - | -€145 | |
| Current assets | 29/58 | €188,585 | €246,688 | +€58,103 | +30.8% |
| Stocks and contracts in progress | 3 | €67,115 | €67,152 | +€37 | +0.1% |
| Stocks | 30/36 | €67,115 | €67,152 | +€37 | +0.1% |
| Amounts receivable within one year | 40/41 | €97,543 | €154,696 | +€57,153 | +58.6% |
| Trade receivables | 40 | €49,221 | €94,446 | +€45,225 | +91.9% |
| Other amounts receivable | 41 | €48,322 | €60,250 | +€11,928 | +24.7% |
| Cash at bank and in hand | 54/58 | €19,461 | €24,543 | +€5,083 | +26.1% |
| Deferred charges and accrued income | 490/1 | €4,466 | €297 | -€4,170 | -93.4% |
| Total equity and liabilities | 10/49 | €188,730 | €246,688 | +€57,958 | +30.7% |
| Equity | 10/15 | €100,625 | €73,800 | -€26,825 | -26.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,375 | -€176,200 | -€26,825 | -18.0% |
| Amounts payable | 17/49 | €88,105 | €172,888 | +€84,783 | +96.2% |
| Amounts payable within one year | 42/48 | €88,105 | €172,888 | +€84,783 | +96.2% |
| Trade debts | 44 | €44,359 | €52,996 | +€8,637 | +19.5% |
| Suppliers | 440/4 | €44,359 | €52,996 | +€8,637 | +19.5% |
| Taxes, remuneration and social security | 45 | €1,801 | €3,687 | +€1,886 | +105% |
| Taxes | 450/3 | €1,801 | €3,687 | +€1,886 | +105% |
| Other amounts payable | 47/48 | €41,945 | €116,206 | +€74,261 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,794 | €145 | -€15,650 | -99.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€223 | -€22,270 | -€22,047 | -9,888% |
| Operating profit (loss) | 9901 | -€16,405 | -€22,815 | -€6,410 | -39.1% |
| Financial income | 75/76B | €0 | €1,645 | +€1,645 | +16,452,600% |
| Recurring financial income | 75 | €0 | €1,645 | +€1,645 | +16,452,600% |
| Financial charges | 65/66B | €6,374 | €5,656 | -€718 | -11.3% |
| Recurring financial charges | 65 | €6,374 | €5,656 | -€718 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,779 | -€26,825 | -€4,046 | -17.8% |
| Profit (loss) for the period | 9904 | -€22,779 | -€26,825 | -€4,046 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,779 | -€26,825 | -€4,046 | -17.8% |
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 30 October 2026 via checked.be.