BOXRENT: what changed
Two fiscal 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.
BOXRENT
Largest movements
- Cash +€8,841
up €8,841 (+96.9%), from €9,124 to €17,965
mainly Depreciation (+€47,188) and Net result for the year (+€18,292)
- Receivables within one year +€8,791
up €8,791 (+158.0%), from €5,564 to €14,355
of which Other amounts receivable: +€4,800
- Reserves +€18,292
up €18,292 (+17.3%), from €105,671 to €123,963
of which Distributable reserves: +€18,292
- Other debts -€14,593
down €14,593 (-3.9%), from €376,835 to €362,241
- Debts after one year +€11,550
new in 2025: €11,550
- Current portion of long-term debt +€10,292
up €10,292, from €0 to €10,292
- Gross operating margin +€6,536
up €6,536 (+6.9%), from €94,092 to €100,628
- Depreciation +€3,342
up €3,342 (+7.6%), from €43,846 to €47,188
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 | €628,640 | €653,676 | +€25,036 | +4.0% |
| Fixed assets | 21/28 | €613,951 | €620,461 | +€6,510 | +1.1% |
| Tangible fixed assets | 22/27 | €613,951 | €620,211 | +€6,260 | +1.0% |
| Land and buildings | 22 | €599,706 | €597,877 | -€1,829 | -0.3% |
| Plant, machinery and equipment | 23 | €11,110 | €8,638 | -€2,472 | -22.2% |
| Furniture and vehicles | 24 | €3,135 | €13,696 | +€10,561 | +336.9% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €14,689 | €33,214 | +€18,526 | +126.1% |
| Amounts receivable within one year | 40/41 | €5,564 | €14,355 | +€8,791 | +158.0% |
| Trade receivables | 40 | €5,561 | €9,551 | +€3,991 | +71.8% |
| Other amounts receivable | 41 | €4 | €4,804 | +€4,800 | +128347.3% |
| Cash at bank and in hand | 54/58 | €9,124 | €17,965 | +€8,841 | +96.9% |
| Deferred charges and accrued income | 490/1 | - | €895 | +€895 | |
| Total equity and liabilities | 10/49 | €628,640 | €653,676 | +€25,036 | +4.0% |
| Equity | 10/15 | €223,783 | €242,075 | +€18,292 | +8.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €56,112 | €56,112 | = | 0.0% |
| Reserves | 13 | €105,671 | €123,963 | +€18,292 | +17.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €99,471 | €117,763 | +€18,292 | +18.4% |
| Amounts payable | 17/49 | €404,856 | €411,600 | +€6,744 | +1.7% |
| Amounts payable after more than one year | 17 | - | €11,550 | +€11,550 | |
| Financial debts | 170/4 | - | €11,550 | +€11,550 | |
| Amounts payable within one year | 42/48 | €390,807 | €386,471 | -€4,337 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,292 | +€10,292 | |
| Trade debts | 44 | €1,799 | €2,466 | +€668 | +37.1% |
| Suppliers | 440/4 | €1,799 | €2,466 | +€668 | +37.1% |
| Taxes, remuneration and social security | 45 | €12,174 | €11,471 | -€703 | -5.8% |
| Taxes | 450/3 | €12,174 | €11,471 | -€703 | -5.8% |
| Other amounts payable | 47/48 | €376,835 | €362,241 | -€14,593 | -3.9% |
| Accrued charges and deferred income | 492/3 | €14,049 | €13,579 | -€470 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,846 | €47,188 | +€3,342 | +7.6% |
| Other operating charges | 640/8 | €10,757 | €10,683 | -€74 | -0.7% |
| Non-recurring operating charges | 66A | €2,160 | €0 | -€2,160 | -100.0% |
| Gross operating margin | 9900 | €94,092 | €100,628 | +€6,536 | +6.9% |
| Operating profit (loss) | 9901 | €37,330 | €42,757 | +€5,427 | +14.5% |
| Financial income | 75/76B | €263 | €175 | -€87 | -33.3% |
| Recurring financial income | 75 | €263 | €175 | -€87 | -33.3% |
| Financial charges | 65/66B | €17,488 | €17,220 | -€268 | -1.5% |
| Recurring financial charges | 65 | €17,488 | €17,220 | -€268 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €20,104 | €25,712 | +€5,607 | +27.9% |
| Income taxes | 67/77 | €7,063 | €7,420 | +€357 | +5.0% |
| Profit (loss) for the period | 9904 | €13,041 | €18,292 | +€5,251 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,041 | €18,292 | +€5,251 | +40.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.