BOXON: 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.
BOXON
Largest movements
- Receivables within one year -€365,336
down €365,336 (-42.0%), from €870,852 to €505,516
of which Trade receivables: -€370,329
- Cash +€199,319
up €199,319 (+41.4%), from €481,817 to €681,136
mainly Receivables within one year (+€365,336) and Net result for the year (+€264,437)
- Tangible fixed assets -€139,940
down €139,940 (-13.6%), from €1.0m to €886,634
of which Furniture and vehicles: -€86,567
- Trade debts -€329,165
down €329,165 (-56.5%), from €582,737 to €253,572
- Reserves +€192,000
up €192,000 (+15.3%), from €1.3m to €1.4m
- Debts after one year -€90,208
down €90,208 (-40.7%), from €221,453 to €131,245
- Current portion of long-term debt -€42,995
down €42,995 (-23.6%), from €182,275 to €139,280
- Tax, wage and social debts -€28,614
down €28,614 (-25.0%), from €114,287 to €85,673
of which Taxes: -€30,945
- Gross operating margin -€90,187
down €90,187 (-7.6%), from €1.2m to €1.1m
- Staff costs -€59,546
down €59,546 (-11.8%), from €504,358 to €444,813
- Depreciation +€38,405
up €38,405 (+17.8%), from €215,692 to €254,098
- Write-downs -€20,438
down €20,438 (-74.2%), from €27,553 to €7,115
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 | €2,459,612 | €2,157,564 | -€302,048 | -12.3% |
| Fixed assets | 21/28 | €1,026,774 | €887,034 | -€139,740 | -13.6% |
| Tangible fixed assets | 22/27 | €1,026,574 | €886,634 | -€139,940 | -13.6% |
| Furniture and vehicles | 24 | €300,475 | €213,908 | -€86,567 | -28.8% |
| Other tangible fixed assets | 26 | €726,099 | €672,726 | -€53,373 | -7.4% |
| Financial fixed assets | 28 | €200 | €400 | +€200 | +100% |
| Current assets | 29/58 | €1,432,838 | €1,270,530 | -€162,308 | -11.3% |
| Amounts receivable after more than one year | 29 | €73,000 | €73,000 | = | 0.0% |
| Other amounts receivable | 291 | €73,000 | €73,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €870,852 | €505,516 | -€365,336 | -42.0% |
| Trade receivables | 40 | €870,852 | €500,523 | -€370,329 | -42.5% |
| Other amounts receivable | 41 | - | €4,993 | +€4,993 | |
| Cash at bank and in hand | 54/58 | €481,817 | €681,136 | +€199,319 | +41.4% |
| Deferred charges and accrued income | 490/1 | €7,169 | €10,878 | +€3,709 | +51.7% |
| Total equity and liabilities | 10/49 | €2,459,612 | €2,157,564 | -€302,048 | -12.3% |
| Equity | 10/15 | €1,279,444 | €1,471,881 | +€192,437 | +15.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,257,500 | €1,449,500 | +€192,000 | +15.3% |
| Distributable reserves | 133 | €1,257,500 | €1,449,500 | +€192,000 | +15.3% |
| Profit (loss) carried forward | 14 | €1,484 | €1,921 | +€437 | +29.5% |
| Amounts payable | 17/49 | €1,180,168 | €685,683 | -€494,485 | -41.9% |
| Amounts payable after more than one year | 17 | €221,453 | €131,245 | -€90,208 | -40.7% |
| Financial debts | 170/4 | €221,453 | €131,245 | -€90,208 | -40.7% |
| Amounts payable within one year | 42/48 | €937,284 | €540,355 | -€396,930 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €182,275 | €139,280 | -€42,995 | -23.6% |
| Financial debts | 43 | €4,505 | €7,903 | +€3,397 | +75.4% |
| Credit institutions | 430/8 | €4,505 | €7,903 | +€3,397 | +75.4% |
| Trade debts | 44 | €582,737 | €253,572 | -€329,165 | -56.5% |
| Suppliers | 440/4 | €582,737 | €253,572 | -€329,165 | -56.5% |
| Taxes, remuneration and social security | 45 | €114,287 | €85,673 | -€28,614 | -25.0% |
| Taxes | 450/3 | €76,432 | €45,487 | -€30,945 | -40.5% |
| Remuneration and social security | 454/9 | €37,855 | €40,187 | +€2,331 | +6.2% |
| Other amounts payable | 47/48 | €53,479 | €53,926 | +€448 | +0.8% |
| Accrued charges and deferred income | 492/3 | €21,431 | €14,083 | -€7,348 | -34.3% |
| Remuneration, social security and pensions | 62 | €504,358 | €444,813 | -€59,546 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,692 | €254,098 | +€38,405 | +17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,553 | €7,115 | -€20,438 | -74.2% |
| Other operating charges | 640/8 | €27,188 | €21,989 | -€5,199 | -19.1% |
| Gross operating margin | 9900 | €1,193,228 | €1,103,041 | -€90,187 | -7.6% |
| Operating profit (loss) | 9901 | €418,436 | €375,027 | -€43,409 | -10.4% |
| Financial income | 75/76B | €4,232 | €8,729 | +€4,497 | +106% |
| Recurring financial income | 75 | €4,232 | €8,729 | +€4,497 | +106% |
| Financial charges | 65/66B | €21,705 | €16,688 | -€5,017 | -23.1% |
| Recurring financial charges | 65 | €21,705 | €16,688 | -€5,017 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €400,963 | €367,067 | -€33,895 | -8.5% |
| Income taxes | 67/77 | €110,478 | €102,630 | -€7,848 | -7.1% |
| Profit (loss) for the period | 9904 | €290,485 | €264,437 | -€26,047 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €290,485 | €264,437 | -€26,047 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.