Box & Foam: 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 & Foam
Largest movements
- Tangible fixed assets -€89,307
down €89,307 (-5.3%), from €1.7m to €1.6m
of which Land and buildings: -€89,307
- Debts after one year -€153,414
down €153,414 (-13.4%), from €1.1m to €995,003
- Reserves +€71,816
up €71,816 (+13.2%), from €542,867 to €614,683
of which Distributable reserves: +€71,816
- Gross operating margin -€7,986
down €7,986 (-3.2%), from €250,253 to €242,267
- Financial charges -€4,811
down €4,811 (-13.1%), from €36,651 to €31,839
- Depreciation -€2,652
down €2,652 (-2.3%), from €113,175 to €110,523
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.
Cash bridge derived
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 | €1,926,721 | €1,843,660 | -€83,061 | -4.3% |
| Fixed assets | 21/28 | €1,687,243 | €1,597,936 | -€89,307 | -5.3% |
| Tangible fixed assets | 22/27 | €1,686,443 | €1,597,136 | -€89,307 | -5.3% |
| Land and buildings | 22 | €1,686,443 | €1,597,136 | -€89,307 | -5.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €239,477 | €245,724 | +€6,246 | +2.6% |
| Amounts receivable within one year | 40/41 | €207,178 | €217,410 | +€10,232 | +4.9% |
| Trade receivables | 40 | €10,000 | €10,160 | +€160 | +1.6% |
| Other amounts receivable | 41 | €197,178 | €207,251 | +€10,073 | +5.1% |
| Cash at bank and in hand | 54/58 | €30,576 | €26,526 | -€4,050 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,724 | €1,788 | +€64 | +3.7% |
| Total equity and liabilities | 10/49 | €1,926,721 | €1,843,660 | -€83,061 | -4.3% |
| Equity | 10/15 | €582,867 | €654,683 | +€71,816 | +12.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €542,867 | €614,683 | +€71,816 | +13.2% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €538,867 | €610,683 | +€71,816 | +13.3% |
| Amounts payable | 17/49 | €1,343,854 | €1,188,977 | -€154,877 | -11.5% |
| Amounts payable after more than one year | 17 | €1,148,417 | €995,003 | -€153,414 | -13.4% |
| Financial debts | 170/4 | €1,148,417 | €995,003 | -€153,414 | -13.4% |
| Amounts payable within one year | 42/48 | €195,436 | €193,974 | -€1,463 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €151,276 | €153,414 | +€2,138 | +1.4% |
| Trade debts | 44 | €870 | €415 | -€454 | -52.2% |
| Suppliers | 440/4 | €870 | €415 | -€454 | -52.2% |
| Taxes, remuneration and social security | 45 | €11,347 | €9,568 | -€1,779 | -15.7% |
| Taxes | 450/3 | €9,547 | €7,768 | -€1,779 | -18.6% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €31,943 | €30,577 | -€1,367 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,175 | €110,523 | -€2,652 | -2.3% |
| Other operating charges | 640/8 | €2,008 | €1,831 | -€177 | -8.8% |
| Gross operating margin | 9900 | €250,253 | €242,267 | -€7,986 | -3.2% |
| Operating profit (loss) | 9901 | €135,070 | €129,913 | -€5,157 | -3.8% |
| Financial income | 75/76B | €652 | €818 | +€166 | +25.5% |
| Recurring financial income | 75 | €652 | €818 | +€166 | +25.5% |
| Financial charges | 65/66B | €36,651 | €31,839 | -€4,811 | -13.1% |
| Recurring financial charges | 65 | €36,651 | €31,839 | -€4,811 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €99,071 | €98,892 | -€179 | -0.2% |
| Income taxes | 67/77 | €28,849 | €27,076 | -€1,773 | -6.1% |
| Profit (loss) for the period | 9904 | €70,222 | €71,816 | +€1,594 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,222 | €71,816 | +€1,594 | +2.3% |
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 12 October 2026 via checked.be.