BoxToBox: 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.
BoxToBox
Largest movements
- Receivables within one year -€32,368
down €32,368 (-55.3%), from €58,479 to €26,111
of which Trade receivables: -€40,467
- Deferred charges and accrued income +€17,961
new in 2025: €17,961
- Stocks and contracts +€12,832
up €12,832 (+98.0%), from €13,090 to €25,922
- Cash +€11,818
up €11,818 (+123.9%), from €9,538 to €21,356
mainly Receivables within one year (+€32,368) and Depreciation (+€17,344)
- Tangible fixed assets -€4,714
down €4,714 (-5.8%), from €81,309 to €76,595
of which Furniture and vehicles: -€9,225
- Debts after one year -€15,044
down €15,044 (-25.3%), from €59,441 to €44,397
- Other debts +€8,942
up €8,942 (+93.3%), from €9,585 to €18,527
- Trade debts +€8,662
up €8,662 (+41.9%), from €20,666 to €29,329
- Staff costs +€72,063
up €72,063 (+257.3%), from €28,008 to €100,072
- Gross operating margin +€59,723
up €59,723 (+92.9%), from €64,287 to €124,010
- Taxes -€2,798
down €2,798 (-71.4%), from €3,920 to €1,121
- Depreciation +€2,329
up €2,329 (+15.5%), from €15,015 to €17,344
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 | €165,417 | €170,946 | +€5,530 | +3.3% |
| Fixed assets | 21/28 | €84,309 | €79,595 | -€4,714 | -5.6% |
| Tangible fixed assets | 22/27 | €81,309 | €76,595 | -€4,714 | -5.8% |
| Land and buildings | 22 | €44,960 | €46,940 | +€1,980 | +4.4% |
| Plant, machinery and equipment | 23 | €3,770 | €6,301 | +€2,532 | +67.2% |
| Furniture and vehicles | 24 | €32,579 | €23,354 | -€9,225 | -28.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €81,107 | €91,351 | +€10,243 | +12.6% |
| Stocks and contracts in progress | 3 | €13,090 | €25,922 | +€12,832 | +98.0% |
| Stocks | 30/36 | €13,090 | €25,922 | +€12,832 | +98.0% |
| Amounts receivable within one year | 40/41 | €58,479 | €26,111 | -€32,368 | -55.3% |
| Trade receivables | 40 | €48,502 | €8,035 | -€40,467 | -83.4% |
| Other amounts receivable | 41 | €9,977 | €18,076 | +€8,099 | +81.2% |
| Cash at bank and in hand | 54/58 | €9,538 | €21,356 | +€11,818 | +123.9% |
| Deferred charges and accrued income | 490/1 | - | €17,961 | +€17,961 | |
| Total equity and liabilities | 10/49 | €165,417 | €170,946 | +€5,530 | +3.3% |
| Equity | 10/15 | €33,069 | €33,716 | +€647 | +2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,069 | €31,716 | +€647 | +2.1% |
| Distributable reserves | 133 | €31,069 | €31,716 | +€647 | +2.1% |
| Amounts payable | 17/49 | €132,348 | €137,230 | +€4,883 | +3.7% |
| Amounts payable after more than one year | 17 | €59,441 | €44,397 | -€15,044 | -25.3% |
| Financial debts | 170/4 | €59,441 | €44,397 | -€15,044 | -25.3% |
| Amounts payable within one year | 42/48 | €72,907 | €92,833 | +€19,927 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €14,417 | €15,044 | +€627 | +4.3% |
| Trade debts | 44 | €20,666 | €29,329 | +€8,662 | +41.9% |
| Suppliers | 440/4 | €20,666 | €29,329 | +€8,662 | +41.9% |
| Taxes, remuneration and social security | 45 | €28,239 | €29,934 | +€1,695 | +6.0% |
| Taxes | 450/3 | €18,926 | €15,921 | -€3,005 | -15.9% |
| Remuneration and social security | 454/9 | €9,313 | €14,013 | +€4,700 | +50.5% |
| Other amounts payable | 47/48 | €9,585 | €18,527 | +€8,942 | +93.3% |
| Remuneration, social security and pensions | 62 | €28,008 | €100,072 | +€72,063 | +257.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,015 | €17,344 | +€2,329 | +15.5% |
| Other operating charges | 640/8 | €1,176 | €969 | -€207 | -17.6% |
| Gross operating margin | 9900 | €64,287 | €124,010 | +€59,723 | +92.9% |
| Operating profit (loss) | 9901 | €20,087 | €5,625 | -€14,463 | -72.0% |
| Financial income | 75/76B | €256 | €1,408 | +€1,152 | +449.9% |
| Recurring financial income | 75 | €256 | €1,408 | +€1,152 | +449.9% |
| Financial charges | 65/66B | €4,298 | €5,265 | +€967 | +22.5% |
| Recurring financial charges | 65 | €4,298 | €5,265 | +€967 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €16,045 | €1,768 | -€14,277 | -89.0% |
| Income taxes | 67/77 | €3,920 | €1,121 | -€2,798 | -71.4% |
| Profit (loss) for the period | 9904 | €12,126 | €647 | -€11,479 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,126 | €647 | -€11,479 | -94.7% |
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 7 October 2026 via checked.be.