TEAM BAX: 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.
TEAM BAX
Largest movements
- Tangible fixed assets -€13,485
down €13,485 (-35.1%), from €38,448 to €24,963
- Receivables within one year -€7,562
down €7,562 (-5.8%), from €129,965 to €122,403
of which Trade receivables: -€7,562
- Profit (loss) carried forward -€20,606
down €20,606 (-84.6%), from €24,348 to €3,741
- Gross operating margin +€5,421
up €5,421 (+47.0%), from -€11,529 to -€6,108
- Financial income +€1,258
new in 2024: €1,258
of which Financial income: +€1,258
- Depreciation +€994
up €994 (+8.0%), from €12,491 to €13,485
- Financial charges +€562
up €562 (+284.4%), from €198 to €759
- Other operating charges +€554
up €554 (+57.9%), from €957 to €1,511
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,153 | €181,463 | -€19,690 | -9.8% |
| Fixed assets | 21/28 | €38,448 | €24,963 | -€13,485 | -35.1% |
| Tangible fixed assets | 22/27 | €38,448 | €24,963 | -€13,485 | -35.1% |
| Land and buildings | 22 | €12,538 | €8,114 | -€4,425 | -35.3% |
| Plant, machinery and equipment | 23 | €15,023 | €12,291 | -€2,731 | -18.2% |
| Furniture and vehicles | 24 | €10,888 | €4,558 | -€6,329 | -58.1% |
| Current assets | 29/58 | €162,704 | €156,499 | -€6,205 | -3.8% |
| Stocks and contracts in progress | 3 | €13,200 | €13,700 | +€500 | +3.8% |
| Stocks | 30/36 | €13,200 | €13,700 | +€500 | +3.8% |
| Amounts receivable within one year | 40/41 | €129,965 | €122,403 | -€7,562 | -5.8% |
| Trade receivables | 40 | €126,389 | €118,827 | -€7,562 | -6.0% |
| Other amounts receivable | 41 | €3,576 | €3,576 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,888 | €19,221 | +€333 | +1.8% |
| Deferred charges and accrued income | 490/1 | €651 | €1,176 | +€524 | +80.5% |
| Total equity and liabilities | 10/49 | €201,153 | €181,463 | -€19,690 | -9.8% |
| Equity | 10/15 | €68,348 | €47,741 | -€20,606 | -30.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,348 | €3,741 | -€20,606 | -84.6% |
| Amounts payable | 17/49 | €132,805 | €133,721 | +€916 | +0.7% |
| Amounts payable within one year | 42/48 | €132,805 | €133,721 | +€916 | +0.7% |
| Trade debts | 44 | €7,913 | €7,913 | = | 0.0% |
| Suppliers | 440/4 | €7,913 | €7,913 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9 | €925 | +€916 | +10260.4% |
| Taxes | 450/3 | €9 | €925 | +€916 | +10260.4% |
| Other amounts payable | 47/48 | €124,883 | €124,883 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,491 | €13,485 | +€994 | +8.0% |
| Other operating charges | 640/8 | €957 | €1,511 | +€554 | +57.9% |
| Gross operating margin | 9900 | -€11,529 | -€6,108 | +€5,421 | +47.0% |
| Operating profit (loss) | 9901 | -€24,977 | -€21,105 | +€3,872 | +15.5% |
| Financial income | 75/76B | - | €1,258 | +€1,258 | |
| Recurring financial income | 75 | - | €1,258 | +€1,258 | |
| Non-recurring financial income | 76B | - | €1,258 | +€1,258 | |
| Financial charges | 65/66B | €198 | €759 | +€562 | +284.4% |
| Recurring financial charges | 65 | €198 | €759 | +€562 | +284.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,174 | -€20,606 | +€4,568 | +18.1% |
| Profit (loss) for the period | 9904 | -€25,174 | -€20,606 | +€4,568 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,174 | -€20,606 | +€4,568 | +18.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.