BOX ADVERTISING: what changed
BOX ADVERTISING
Largest movements
- Receivables within one year -€54,645
down €54,645 (-29.2%), from €187,053 to €132,409
of which Trade receivables: -€57,645
- Tangible fixed assets +€5,613
up €5,613 (+197%), from €2,855 to €8,469
of which Plant, machinery and equipment: +€3,366
- Cash +€3,880
up €3,880 (+22.3%), from €17,409 to €21,290
mainly Receivables within one year (+€54,645) and Net result for the year (+€21,620)
- Other debts -€49,462
down €49,462 (-96.7%), from €51,172 to €1,710
- Reserves +€21,620
up €21,620 (+25.0%), from €86,564 to €108,184
of which Distributable reserves: +€21,620
- Trade debts -€12,258
down €12,258 (-56.1%), from €21,841 to €9,583
- Tax, wage and social debts -€5,055
down €5,055 (-24.7%), from €20,434 to €15,380
- Gross operating margin +€6,468
up €6,468 (+21.2%), from €30,537 to €37,005
- Taxes +€2,665
up €2,665 (+30.3%), from €8,787 to €11,452
- Depreciation -€966
down €966 (-24.8%), from €3,890 to €2,924
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,303 | €166,147 | -€45,156 | -21.4% |
| Fixed assets | 21/28 | €2,905 | €8,519 | +€5,613 | +193% |
| Tangible fixed assets | 22/27 | €2,855 | €8,469 | +€5,613 | +197% |
| Plant, machinery and equipment | 23 | - | €3,366 | +€3,366 | |
| Furniture and vehicles | 24 | €2,855 | €3,444 | +€588 | +20.6% |
| Other tangible fixed assets | 26 | - | €1,659 | +€1,659 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €208,397 | €157,628 | -€50,769 | -24.4% |
| Stocks and contracts in progress | 3 | €3,935 | €3,930 | -€5 | -0.1% |
| Stocks | 30/36 | €3,935 | €3,930 | -€5 | -0.1% |
| Amounts receivable within one year | 40/41 | €187,053 | €132,409 | -€54,645 | -29.2% |
| Trade receivables | 40 | €60,189 | €2,544 | -€57,645 | -95.8% |
| Other amounts receivable | 41 | €126,864 | €129,864 | +€3,000 | +2.4% |
| Cash at bank and in hand | 54/58 | €17,409 | €21,290 | +€3,880 | +22.3% |
| Total equity and liabilities | 10/49 | €211,303 | €166,147 | -€45,156 | -21.4% |
| Equity | 10/15 | €117,855 | €139,475 | +€21,620 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,564 | €108,184 | +€21,620 | +25.0% |
| 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 | €84,704 | €106,324 | +€21,620 | +25.5% |
| Profit (loss) carried forward | 14 | €12,691 | €12,691 | = | 0.0% |
| Amounts payable | 17/49 | €93,448 | €26,672 | -€66,775 | -71.5% |
| Amounts payable within one year | 42/48 | €93,448 | €26,672 | -€66,775 | -71.5% |
| Trade debts | 44 | €21,841 | €9,583 | -€12,258 | -56.1% |
| Suppliers | 440/4 | €21,841 | €9,583 | -€12,258 | -56.1% |
| Taxes, remuneration and social security | 45 | €20,434 | €15,380 | -€5,055 | -24.7% |
| Taxes | 450/3 | €20,434 | €15,380 | -€5,055 | -24.7% |
| Other amounts payable | 47/48 | €51,172 | €1,710 | -€49,462 | -96.7% |
| Non-recurring operating income | 76A | - | €2,332 | +€2,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,890 | €2,924 | -€966 | -24.8% |
| Other operating charges | 640/8 | €906 | €751 | -€155 | -17.1% |
| Gross operating margin | 9900 | €30,537 | €37,005 | +€6,468 | +21.2% |
| Operating profit (loss) | 9901 | €25,741 | €33,331 | +€7,590 | +29.5% |
| Financial income | 75/76B | €115 | - | -€115 | |
| Recurring financial income | 75 | €115 | - | -€115 | |
| Financial charges | 65/66B | €255 | €259 | +€3 | +1.3% |
| Recurring financial charges | 65 | €255 | €259 | +€3 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €25,601 | €33,072 | +€7,471 | +29.2% |
| Income taxes | 67/77 | €8,787 | €11,452 | +€2,665 | +30.3% |
| Profit (loss) for the period | 9904 | €16,814 | €21,620 | +€4,806 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,814 | €21,620 | +€4,806 | +28.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.