BOXSUN: 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.
BOXSUN
Largest movements
- Receivables within one year -€1,249
down €1,249 (-14.3%), from €8,723 to €7,474
of which Trade receivables: -€720
- Cash -€1,070
down €1,070 (-48.6%), from €2,200 to €1,130
mainly Net result for the year (-€5,583) and Trade debts (-€40)
- Tangible fixed assets -€655
down €655 (-52.2%), from €1,254 to €599
- Deferred charges and accrued income -€142
down €142 (-24.4%), from €583 to €441
- Profit (loss) carried forward -€5,583
down €5,583 (-12.1%), from -€46,257 to -€51,840
- Other debts +€2,500
up €2,500 (+10.5%), from €23,915 to €26,415
- Gross operating margin +€27,589
up €27,589 (+86.7%), from -€31,831 to -€4,242
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 | €12,760 | €9,644 | -€3,117 | -24.4% |
| Fixed assets | 21/28 | €1,254 | €599 | -€655 | -52.2% |
| Tangible fixed assets | 22/27 | €1,254 | €599 | -€655 | -52.2% |
| Furniture and vehicles | 24 | €1,254 | €599 | -€655 | -52.2% |
| Current assets | 29/58 | €11,506 | €9,045 | -€2,462 | -21.4% |
| Amounts receivable within one year | 40/41 | €8,723 | €7,474 | -€1,249 | -14.3% |
| Trade receivables | 40 | €720 | €0 | -€720 | -100% |
| Other amounts receivable | 41 | €8,003 | €7,474 | -€529 | -6.6% |
| Cash at bank and in hand | 54/58 | €2,200 | €1,130 | -€1,070 | -48.6% |
| Deferred charges and accrued income | 490/1 | €583 | €441 | -€142 | -24.4% |
| Total equity and liabilities | 10/49 | €12,760 | €9,644 | -€3,117 | -24.4% |
| Equity | 10/15 | -€11,202 | -€16,785 | -€5,583 | -49.8% |
| Contributions | 10/11 | €35,055 | €35,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,257 | -€51,840 | -€5,583 | -12.1% |
| Amounts payable | 17/49 | €23,962 | €26,429 | +€2,466 | +10.3% |
| Amounts payable within one year | 42/48 | €23,962 | €26,429 | +€2,466 | +10.3% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €48 | €8 | -€40 | -83.3% |
| Suppliers | 440/4 | €48 | €8 | -€40 | -83.3% |
| Other amounts payable | 47/48 | €23,915 | €26,415 | +€2,500 | +10.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €655 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€31,831 | -€4,242 | +€27,589 | +86.7% |
| Operating profit (loss) | 9901 | -€32,999 | -€5,425 | +€27,574 | +83.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -20.4% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -20.4% |
| Financial charges | 65/66B | €261 | €158 | -€103 | -39.4% |
| Recurring financial charges | 65 | €261 | €158 | -€103 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,260 | -€5,583 | +€27,677 | +83.2% |
| Profit (loss) for the period | 9904 | -€33,260 | -€5,583 | +€27,677 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,260 | -€5,583 | +€27,677 | +83.2% |
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 17 October 2026 via checked.be.