BOXEL & BUTLERS: 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.
BOXEL & BUTLERS
Largest movements
- Tangible fixed assets -€76,436
down €76,436 (-26.8%), from €285,282 to €208,846
of which Furniture and vehicles: -€79,893
- Cash +€14,590
up €14,590 (+29.2%), from €49,885 to €64,475
mainly Depreciation (+€106,198) and Net result for the year (+€41,376)
- Receivables within one year -€11,882
down €11,882 (-30.9%), from €38,482 to €26,601
of which Other amounts receivable: -€13,861
- Other debts -€51,854
down €51,854 (-30.7%), from €168,995 to €117,141
- Profit (loss) carried forward +€41,376
up €41,376 (+170%), from €24,323 to €65,698
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts -€19,049
down €19,049 (-73.8%), from €25,799 to €6,750
- Current portion of long-term debt -€14,992
down €14,992 (-48.9%), from €30,657 to €15,665
- Gross operating margin +€17,330
up €17,330 (+11.8%), from €146,643 to €163,972
- Taxes +€4,969
up €4,969 (+58.3%), from €8,523 to €13,492
- Depreciation -€2,869
down €2,869 (-2.6%), from €109,067 to €106,198
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 | €379,069 | €306,152 | -€72,918 | -19.2% |
| Fixed assets | 21/28 | €285,782 | €209,346 | -€76,436 | -26.7% |
| Tangible fixed assets | 22/27 | €285,282 | €208,846 | -€76,436 | -26.8% |
| Plant, machinery and equipment | 23 | €33,414 | €36,872 | +€3,458 | +10.3% |
| Furniture and vehicles | 24 | €251,868 | €171,974 | -€79,893 | -31.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €93,287 | €96,806 | +€3,518 | +3.8% |
| Stocks and contracts in progress | 3 | €4,920 | €5,025 | +€105 | +2.1% |
| Stocks | 30/36 | €4,920 | €5,025 | +€105 | +2.1% |
| Amounts receivable within one year | 40/41 | €38,482 | €26,601 | -€11,882 | -30.9% |
| Trade receivables | 40 | €20,999 | €22,978 | +€1,979 | +9.4% |
| Other amounts receivable | 41 | €17,484 | €3,622 | -€13,861 | -79.3% |
| Cash at bank and in hand | 54/58 | €49,885 | €64,475 | +€14,590 | +29.2% |
| Deferred charges and accrued income | 490/1 | - | €705 | +€705 | |
| Total equity and liabilities | 10/49 | €379,069 | €306,152 | -€72,918 | -19.2% |
| Equity | 10/15 | €121,002 | €162,378 | +€41,376 | +34.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,680 | €93,680 | = | 0.0% |
| Distributable reserves | 133 | €93,680 | €93,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,323 | €65,698 | +€41,376 | +170% |
| Amounts payable | 17/49 | €258,067 | €143,774 | -€114,293 | -44.3% |
| Amounts payable within one year | 42/48 | €258,067 | €143,774 | -€114,293 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €30,657 | €15,665 | -€14,992 | -48.9% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €7,616 | €4,218 | -€3,398 | -44.6% |
| Suppliers | 440/4 | €7,616 | €4,218 | -€3,398 | -44.6% |
| Taxes, remuneration and social security | 45 | €25,799 | €6,750 | -€19,049 | -73.8% |
| Taxes | 450/3 | €25,799 | €6,750 | -€19,049 | -73.8% |
| Other amounts payable | 47/48 | €168,995 | €117,141 | -€51,854 | -30.7% |
| Remuneration, social security and pensions | 62 | €1,287 | €291 | -€995 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,067 | €106,198 | -€2,869 | -2.6% |
| Other operating charges | 640/8 | €1,467 | €1,172 | -€295 | -20.1% |
| Non-recurring operating charges | 66A | €283 | - | -€283 | |
| Gross operating margin | 9900 | €146,643 | €163,972 | +€17,330 | +11.8% |
| Operating profit (loss) | 9901 | €34,539 | €56,310 | +€21,771 | +63.0% |
| Financial income | 75/76B | €4 | €3 | -€1 | -31.3% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -31.3% |
| Financial charges | 65/66B | €1,697 | €1,446 | -€252 | -14.8% |
| Recurring financial charges | 65 | €1,697 | €1,446 | -€252 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €32,846 | €54,868 | +€22,022 | +67.0% |
| Income taxes | 67/77 | €8,523 | €13,492 | +€4,969 | +58.3% |
| Profit (loss) for the period | 9904 | €24,323 | €41,376 | +€17,053 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,323 | €41,376 | +€17,053 | +70.1% |
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 1 November 2026 via checked.be.