Box Brussels: 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.
Box Brussels
Largest movements
- Tangible fixed assets +€13,038
up €13,038 (+147%), from €8,882 to €21,921
of which Plant, machinery and equipment: +€15,825
- Cash +€11,522
up €11,522 (+87.6%), from €13,148 to €24,671
mainly Net result for the year (+€17,379) and Debts after one year (+€7,266)
- Deferred charges and accrued income +€1,393
up €1,393 (+112%), from €1,248 to €2,641
- Profit (loss) carried forward +€17,379
up €17,379 (+12.4%), from -€139,983 to -€122,604
- Debts after one year +€7,266
new in 2025: €7,266
- Other debts -€6,518
down €6,518 (-10.6%), from €61,523 to €55,005
- Current portion of long-term debt +€5,590
new in 2025: €5,590
- Trade debts +€1,289
up €1,289 (+44.5%), from €2,898 to €4,187
- Gross operating margin +€3,229
up €3,229 (+4.7%), from €68,224 to €71,454
- Staff costs +€1,904
up €1,904 (+4.1%), from €46,218 to €48,122
- Financial charges +€884
up €884 (+360%), from €246 to €1,129
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 | €24,602 | €50,246 | +€25,643 | +104% |
| Fixed assets | 21/28 | €8,882 | €21,921 | +€13,038 | +147% |
| Tangible fixed assets | 22/27 | €8,882 | €21,921 | +€13,038 | +147% |
| Land and buildings | 22 | €7,088 | €5,438 | -€1,650 | -23.3% |
| Plant, machinery and equipment | 23 | - | €15,825 | +€15,825 | |
| Furniture and vehicles | 24 | €1,794 | €657 | -€1,137 | -63.4% |
| Current assets | 29/58 | €15,720 | €28,325 | +€12,605 | +80.2% |
| Stocks and contracts in progress | 3 | €318 | €452 | +€134 | +42.3% |
| Stocks | 30/36 | €318 | €452 | +€134 | +42.3% |
| Amounts receivable within one year | 40/41 | €1,005 | €561 | -€444 | -44.2% |
| Trade receivables | 40 | - | €505 | +€505 | |
| Other amounts receivable | 41 | €1,005 | €56 | -€949 | -94.4% |
| Cash at bank and in hand | 54/58 | €13,148 | €24,671 | +€11,522 | +87.6% |
| Deferred charges and accrued income | 490/1 | €1,248 | €2,641 | +€1,393 | +112% |
| Total equity and liabilities | 10/49 | €24,602 | €50,246 | +€25,643 | +104% |
| Equity | 10/15 | -€55,403 | -€38,024 | +€17,379 | +31.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €10,212 | €10,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,212 | €10,212 | = | 0.0% |
| Legal reserve | 130 | €10,212 | €10,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,983 | -€122,604 | +€17,379 | +12.4% |
| Amounts payable | 17/49 | €80,005 | €88,269 | +€8,265 | +10.3% |
| Amounts payable after more than one year | 17 | - | €7,266 | +€7,266 | |
| Financial debts | 170/4 | - | €7,266 | +€7,266 | |
| Amounts payable within one year | 42/48 | €80,003 | €81,004 | +€1,000 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,590 | +€5,590 | |
| Trade debts | 44 | €2,898 | €4,187 | +€1,289 | +44.5% |
| Suppliers | 440/4 | €2,898 | €4,187 | +€1,289 | +44.5% |
| Taxes, remuneration and social security | 45 | €15,582 | €16,221 | +€639 | +4.1% |
| Taxes | 450/3 | €2,541 | €2,645 | +€104 | +4.1% |
| Remuneration and social security | 454/9 | €13,041 | €13,576 | +€535 | +4.1% |
| Other amounts payable | 47/48 | €61,523 | €55,005 | -€6,518 | -10.6% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €46,218 | €48,122 | +€1,904 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,251 | €3,885 | +€635 | +19.5% |
| Other operating charges | 640/8 | €1,435 | €1,013 | -€423 | -29.5% |
| Gross operating margin | 9900 | €68,224 | €71,454 | +€3,229 | +4.7% |
| Operating profit (loss) | 9901 | €17,320 | €18,434 | +€1,114 | +6.4% |
| Financial income | 75/76B | €110 | €74 | -€36 | -32.5% |
| Recurring financial income | 75 | €110 | €74 | -€36 | -32.5% |
| Financial charges | 65/66B | €246 | €1,129 | +€884 | +360% |
| Recurring financial charges | 65 | €246 | €1,129 | +€884 | +360% |
| Profit (loss) for the period before taxes | 9903 | €17,184 | €17,379 | +€194 | +1.1% |
| Profit (loss) for the period | 9904 | €17,184 | €17,379 | +€194 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,184 | €17,379 | +€194 | +1.1% |
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 13 October 2026 via checked.be.