BOXAN: 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.
BOXAN
Largest movements
- Tangible fixed assets +€66,152
new in 2025: €66,152
- Cash +€6,835
up €6,835 (+99.4%), from €6,873 to €13,708
mainly Debts after one year (+€45,919) and Net result for the year (+€22,771)
- Receivables within one year +€4,691
up €4,691 (+10.5%), from €44,827 to €49,518
of which Other amounts receivable: +€4,517
- Stocks and contracts +€3,400
up €3,400 (+41.3%), from €8,227 to €11,627
- Debts after one year +€45,919
new in 2025: €45,919
- Reserves +€22,771
up €22,771 (+62.3%), from €36,569 to €59,339
- Current portion of long-term debt +€14,771
new in 2025: €14,771
- Tax, wage and social debts -€3,919
down €3,919 (-24.1%), from €16,278 to €12,359
- Trade debts +€1,535
up €1,535 (+589.4%), from €260 to €1,796
- Gross operating margin -€3,975
down €3,975 (-9.4%), from €42,138 to €38,163
- Depreciation +€2,249
new in 2025: €2,249
- Taxes -€1,391
down €1,391 (-10.1%), from €13,773 to €12,382
- Other operating charges -€961
down €961 (-60.4%), from €1,593 to €631
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 | €59,927 | €141,004 | +€81,077 | +135.3% |
| Fixed assets | 21/28 | - | €66,152 | +€66,152 | |
| Tangible fixed assets | 22/27 | - | €66,152 | +€66,152 | |
| Furniture and vehicles | 24 | - | €66,152 | +€66,152 | |
| Current assets | 29/58 | €59,927 | €74,853 | +€14,925 | +24.9% |
| Stocks and contracts in progress | 3 | €8,227 | €11,627 | +€3,400 | +41.3% |
| Stocks | 30/36 | €8,227 | €11,627 | +€3,400 | +41.3% |
| Amounts receivable within one year | 40/41 | €44,827 | €49,518 | +€4,691 | +10.5% |
| Trade receivables | 40 | €4,840 | €5,013 | +€173 | +3.6% |
| Other amounts receivable | 41 | €39,987 | €44,505 | +€4,517 | +11.3% |
| Cash at bank and in hand | 54/58 | €6,873 | €13,708 | +€6,835 | +99.4% |
| Total equity and liabilities | 10/49 | €59,927 | €141,004 | +€81,077 | +135.3% |
| Equity | 10/15 | €43,389 | €66,159 | +€22,771 | +52.5% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Reserves | 13 | €36,569 | €59,339 | +€22,771 | +62.3% |
| Distributable reserves | 133 | €36,569 | €59,339 | +€22,771 | +62.3% |
| Amounts payable | 17/49 | €16,538 | €74,845 | +€58,306 | +352.6% |
| Amounts payable after more than one year | 17 | - | €45,919 | +€45,919 | |
| Financial debts | 170/4 | - | €45,919 | +€45,919 | |
| Amounts payable within one year | 42/48 | €16,538 | €28,925 | +€12,387 | +74.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,771 | +€14,771 | |
| Trade debts | 44 | €260 | €1,796 | +€1,535 | +589.4% |
| Suppliers | 440/4 | €260 | €1,796 | +€1,535 | +589.4% |
| Taxes, remuneration and social security | 45 | €16,278 | €12,359 | -€3,919 | -24.1% |
| Taxes | 450/3 | €16,278 | €12,359 | -€3,919 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,249 | +€2,249 | |
| Other operating charges | 640/8 | €1,593 | €631 | -€961 | -60.4% |
| Gross operating margin | 9900 | €42,138 | €38,163 | -€3,975 | -9.4% |
| Operating profit (loss) | 9901 | €40,545 | €35,283 | -€5,262 | -13.0% |
| Financial income | 75/76B | €250 | €392 | +€142 | +56.8% |
| Recurring financial income | 75 | €250 | €392 | +€142 | +56.8% |
| Financial charges | 65/66B | €333 | €523 | +€189 | +56.8% |
| Recurring financial charges | 65 | €333 | €523 | +€189 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €40,462 | €35,152 | -€5,309 | -13.1% |
| Income taxes | 67/77 | €13,773 | €12,382 | -€1,391 | -10.1% |
| Profit (loss) for the period | 9904 | €26,689 | €22,771 | -€3,918 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,689 | €22,771 | -€3,918 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.