BOXING FACTORY: 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.
BOXING FACTORY
Largest movements
- Tangible fixed assets +€27,538
up €27,538 (+45.2%), from €60,859 to €88,397
of which Leasing and similar rights: +€22,313
- Financial fixed assets +€4,203
up €4,203 (+83.1%), from €5,054 to €9,257
- Cash +€1,310
up €1,310 (+14.4%), from €9,093 to €10,404
mainly Other debts (+€39,590) and Depreciation (+€23,605)
- Profit (loss) carried forward -€45,588
down €45,588 (-444%), from -€10,265 to -€55,853
- Other debts +€39,590
up €39,590 (+165%), from €23,983 to €63,572
- Tax, wage and social debts +€16,246
up €16,246 (+156%), from €10,388 to €26,634
of which Taxes: +€11,026
- Trade debts +€9,938
up €9,938 (+59.0%), from €16,846 to €26,784
- Debts after one year +€9,140
up €9,140 (+28.3%), from €32,335 to €41,475
- Purchases and services +€127,638
up €127,638 (+122%), from €104,885 to €232,522
- Staff costs +€33,998
up €33,998 (+289%), from €11,767 to €45,764
- Depreciation +€9,500
up €9,500 (+67.3%), from €14,105 to €23,605
- Gross operating margin +€8,801
up €8,801 (+39.2%), from €22,440 to €31,240
- Financial charges +€4,850
up €4,850 (+97.8%), from €4,962 to €9,812
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,445 | €125,340 | +€32,895 | +35.6% |
| Fixed assets | 21/28 | €70,596 | €101,142 | +€30,546 | +43.3% |
| Intangible fixed assets | 21 | €4,682 | €3,488 | -€1,195 | -25.5% |
| Tangible fixed assets | 22/27 | €60,859 | €88,397 | +€27,538 | +45.2% |
| Furniture and vehicles | 24 | €9,883 | €7,940 | -€1,943 | -19.7% |
| Leasing and similar rights | 25 | €10,481 | €32,793 | +€22,313 | +213% |
| Other tangible fixed assets | 26 | €40,496 | €47,663 | +€7,168 | +17.7% |
| Financial fixed assets | 28 | €5,054 | €9,257 | +€4,203 | +83.1% |
| Current assets | 29/58 | €21,849 | €24,198 | +€2,349 | +10.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €12,756 | €13,795 | +€1,039 | +8.1% |
| Trade receivables | 40 | €12,506 | €13,545 | +€1,039 | +8.3% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,093 | €10,404 | +€1,310 | +14.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €92,445 | €125,340 | +€32,895 | +35.6% |
| Equity | 10/15 | -€4,994 | -€52,603 | -€47,610 | -953% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,265 | -€55,853 | -€45,588 | -444% |
| Investment grants | 15 | €3,772 | €1,750 | -€2,021 | -53.6% |
| Provisions and deferred taxes | 16 | - | €583 | +€583 | |
| Deferred taxes | 168 | - | €583 | +€583 | |
| Amounts payable | 17/49 | €97,439 | €177,360 | +€79,921 | +82.0% |
| Amounts payable after more than one year | 17 | €32,335 | €41,475 | +€9,140 | +28.3% |
| Financial debts | 170/4 | €32,335 | €41,475 | +€9,140 | +28.3% |
| Amounts payable within one year | 42/48 | €63,604 | €135,829 | +€72,225 | +114% |
| Current portion of amounts payable after more than one year | 42 | €12,388 | €18,839 | +€6,452 | +52.1% |
| Trade debts | 44 | €16,846 | €26,784 | +€9,938 | +59.0% |
| Suppliers | 440/4 | €16,846 | €26,784 | +€9,938 | +59.0% |
| Taxes, remuneration and social security | 45 | €10,388 | €26,634 | +€16,246 | +156% |
| Taxes | 450/3 | €8,290 | €19,316 | +€11,026 | +133% |
| Remuneration and social security | 454/9 | €2,098 | €7,318 | +€5,220 | +249% |
| Other amounts payable | 47/48 | €23,983 | €63,572 | +€39,590 | +165% |
| Accrued charges and deferred income | 492/3 | €1,500 | €56 | -€1,444 | -96.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,885 | €232,522 | +€127,638 | +122% |
| Remuneration, social security and pensions | 62 | €11,767 | €45,764 | +€33,998 | +289% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,105 | €23,605 | +€9,500 | +67.3% |
| Other operating charges | 640/8 | €348 | €348 | = | 0.0% |
| Non-recurring operating charges | 66A | €405 | - | -€405 | |
| Gross operating margin | 9900 | €22,440 | €31,240 | +€8,801 | +39.2% |
| Operating profit (loss) | 9901 | -€4,185 | -€38,477 | -€34,292 | -819% |
| Financial income | 75/76B | - | €2,347 | +€2,347 | |
| Recurring financial income | 75 | - | €1,079 | +€1,079 | |
| Non-recurring financial income | 76B | - | €1,269 | +€1,269 | |
| Financial charges | 65/66B | €4,962 | €9,812 | +€4,850 | +97.8% |
| Recurring financial charges | 65 | €4,962 | €9,812 | +€4,850 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,146 | -€45,942 | -€36,795 | -402% |
| Transfer from deferred taxes | 780 | - | €360 | +€360 | |
| Income taxes | 67/77 | - | €6 | +€6 | |
| Profit (loss) for the period | 9904 | -€9,146 | -€45,588 | -€36,442 | -398% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,146 | -€45,588 | -€36,442 | -398% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.