BOXX HOLDING: 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.
BOXX HOLDING
Largest movements
- Cash +€57,402
up €57,402 (+33.9%), from €169,478 to €226,880
mainly Net result for the year (+€393,624) and Receivables within one year (+€5,712)
- Reserves +€353,624
up €353,624 (+12.2%), from €2.9m to €3.3m
- Current portion of long-term debt -€300,000
no longer reported in 2025 (was €300,000)
- Financial income -€270,584
down €270,584 (-47.4%), from €570,952 to €300,367
- Gross operating margin -€49,846
down €49,846 (-9.3%), from €535,531 to €485,685
- Staff costs -€48,797
down €48,797 (-11.7%), from €418,652 to €369,855
- Taxes -€41,204
down €41,204 (-80.0%), from €51,490 to €10,286
- Financial charges -€17,663
down €17,663 (-62.6%), from €28,221 to €10,558
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 | €3,865,975 | €3,922,858 | +€56,883 | +1.5% |
| Fixed assets | 21/28 | €3,600,642 | €3,603,328 | +€2,686 | +0.1% |
| Tangible fixed assets | 22/27 | €642 | €3,328 | +€2,686 | +418% |
| Furniture and vehicles | 24 | €642 | €3,328 | +€2,686 | +418% |
| Financial fixed assets | 28 | €3,600,000 | €3,600,000 | = | 0.0% |
| Current assets | 29/58 | €265,333 | €319,529 | +€54,197 | +20.4% |
| Amounts receivable within one year | 40/41 | €90,888 | €85,176 | -€5,712 | -6.3% |
| Trade receivables | 40 | €85,473 | €82,322 | -€3,152 | -3.7% |
| Other amounts receivable | 41 | €5,415 | €2,854 | -€2,561 | -47.3% |
| Cash at bank and in hand | 54/58 | €169,478 | €226,880 | +€57,402 | +33.9% |
| Deferred charges and accrued income | 490/1 | €4,966 | €7,473 | +€2,507 | +50.5% |
| Total equity and liabilities | 10/49 | €3,865,975 | €3,922,858 | +€56,883 | +1.5% |
| Equity | 10/15 | €3,399,045 | €3,752,669 | +€353,624 | +10.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,899,045 | €3,252,669 | +€353,624 | +12.2% |
| Distributable reserves | 133 | €2,899,045 | €3,252,669 | +€353,624 | +12.2% |
| Amounts payable | 17/49 | €466,929 | €170,189 | -€296,741 | -63.6% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €366,929 | €70,189 | -€296,741 | -80.9% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €23,717 | €26,726 | +€3,010 | +12.7% |
| Suppliers | 440/4 | €23,717 | €26,726 | +€3,010 | +12.7% |
| Taxes, remuneration and social security | 45 | €43,213 | €43,462 | +€250 | +0.6% |
| Taxes | 450/3 | €43,213 | €43,462 | +€250 | +0.6% |
| Remuneration, social security and pensions | 62 | €418,652 | €369,855 | -€48,797 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €669 | +€149 | +28.6% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €535,531 | €485,685 | -€49,846 | -9.3% |
| Operating profit (loss) | 9901 | €115,329 | €114,101 | -€1,228 | -1.1% |
| Financial income | 75/76B | €570,952 | €300,367 | -€270,584 | -47.4% |
| Recurring financial income | 75 | €570,952 | €300,367 | -€270,584 | -47.4% |
| Financial charges | 65/66B | €28,221 | €10,558 | -€17,663 | -62.6% |
| Recurring financial charges | 65 | €28,221 | €10,558 | -€17,663 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €658,059 | €403,910 | -€254,149 | -38.6% |
| Income taxes | 67/77 | €51,490 | €10,286 | -€41,204 | -80.0% |
| Profit (loss) for the period | 9904 | €606,570 | €393,624 | -€212,946 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €606,570 | €393,624 | -€212,946 | -35.1% |
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 30 October 2026 via checked.be.