Bockx: 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.
Bockx
Largest movements
- Receivables within one year -€313,346
down €313,346 (-58.0%), from €539,972 to €226,626
of which Other amounts receivable: -€320,162
- Cash -€13,916
down €13,916 (-68.2%), from €20,401 to €6,485
mainly Contributions, distributions and other (-€266,200) and Tax, wage and social debts (-€72,285)
- Reserves -€198,250
down €198,250 (-50.2%), from €395,095 to €196,845
of which Distributable reserves: -€198,250
- Tax, wage and social debts -€72,285
down €72,285 (-69.1%), from €104,566 to €32,281
of which Taxes: -€69,173
- Debts after one year -€39,958
down €39,958 (-77.2%), from €51,792 to €11,834
- Trade debts -€21,123
down €21,123 (-58.7%), from €35,965 to €14,842
- Gross operating margin +€22,390
up €22,390 (+27.8%), from €80,433 to €102,824
- Financial income -€6,334
down €6,334 (-18.3%), from €34,664 to €28,330
- Other operating charges -€5,726
down €5,726 (-69.3%), from €8,264 to €2,538
- Taxes +€5,571
up €5,571 (+18.2%), from €30,691 to €36,261
- Financial charges +€1,708
up €1,708 (+25.1%), from €6,811 to €8,518
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 | €627,364 | €296,353 | -€331,011 | -52.8% |
| Fixed assets | 21/28 | €52,257 | €50,973 | -€1,285 | -2.5% |
| Tangible fixed assets | 22/27 | €52,257 | €50,973 | -€1,285 | -2.5% |
| Land and buildings | 22 | €19,895 | €17,374 | -€2,521 | -12.7% |
| Plant, machinery and equipment | 23 | €2,378 | €2,257 | -€121 | -5.1% |
| Furniture and vehicles | 24 | €9,409 | €6,356 | -€3,053 | -32.4% |
| Other tangible fixed assets | 26 | €20,575 | €24,985 | +€4,410 | +21.4% |
| Current assets | 29/58 | €575,107 | €245,380 | -€329,727 | -57.3% |
| Amounts receivable within one year | 40/41 | €539,972 | €226,626 | -€313,346 | -58.0% |
| Trade receivables | 40 | €44,125 | €50,942 | +€6,816 | +15.4% |
| Other amounts receivable | 41 | €495,846 | €175,684 | -€320,162 | -64.6% |
| Current investments | 50/53 | €11,764 | €8,909 | -€2,855 | -24.3% |
| Cash at bank and in hand | 54/58 | €20,401 | €6,485 | -€13,916 | -68.2% |
| Deferred charges and accrued income | 490/1 | €2,970 | €3,361 | +€391 | +13.2% |
| Total equity and liabilities | 10/49 | €627,364 | €296,353 | -€331,011 | -52.8% |
| Equity | 10/15 | €412,218 | €214,019 | -€198,199 | -48.1% |
| Contributions | 10/11 | €16,733 | €16,733 | = | 0.0% |
| Reserves | 13 | €395,095 | €196,845 | -€198,250 | -50.2% |
| Tax-exempt reserves | 132 | €1,445 | €1,445 | = | 0.0% |
| Distributable reserves | 133 | €393,650 | €195,400 | -€198,250 | -50.4% |
| Profit (loss) carried forward | 14 | €390 | €441 | +€51 | +13.0% |
| Amounts payable | 17/49 | €215,146 | €82,334 | -€132,812 | -61.7% |
| Amounts payable after more than one year | 17 | €51,792 | €11,834 | -€39,958 | -77.2% |
| Financial debts | 170/4 | €51,792 | €11,834 | -€39,958 | -77.2% |
| Amounts payable within one year | 42/48 | €163,354 | €70,499 | -€92,854 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €16,051 | €16,958 | +€907 | +5.7% |
| Financial debts | 43 | €6,771 | €6,418 | -€353 | -5.2% |
| Credit institutions | 430/8 | €6,771 | €6,418 | -€353 | -5.2% |
| Trade debts | 44 | €35,965 | €14,842 | -€21,123 | -58.7% |
| Suppliers | 440/4 | €35,965 | €14,842 | -€21,123 | -58.7% |
| Taxes, remuneration and social security | 45 | €104,566 | €32,281 | -€72,285 | -69.1% |
| Taxes | 450/3 | €101,455 | €32,281 | -€69,173 | -68.2% |
| Remuneration and social security | 454/9 | €3,112 | - | -€3,112 | |
| Non-recurring operating income | 76A | - | €4,463 | +€4,463 | |
| Remuneration, social security and pensions | 62 | €1,355 | €1,958 | +€603 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,115 | €13,877 | +€763 | +5.8% |
| Other operating charges | 640/8 | €8,264 | €2,538 | -€5,726 | -69.3% |
| Gross operating margin | 9900 | €80,433 | €102,824 | +€22,390 | +27.8% |
| Operating profit (loss) | 9901 | €57,699 | €84,451 | +€26,751 | +46.4% |
| Financial income | 75/76B | €34,664 | €28,330 | -€6,334 | -18.3% |
| Recurring financial income | 75 | €34,664 | €28,330 | -€6,334 | -18.3% |
| Financial charges | 65/66B | €6,811 | €8,518 | +€1,708 | +25.1% |
| Recurring financial charges | 65 | €6,811 | €8,518 | +€1,708 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €85,553 | €104,262 | +€18,710 | +21.9% |
| Income taxes | 67/77 | €30,691 | €36,261 | +€5,571 | +18.2% |
| Profit (loss) for the period | 9904 | €54,862 | €68,001 | +€13,139 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,862 | €68,001 | +€13,139 | +23.9% |
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 17 October 2026 via checked.be.