COX: 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.
COX
Largest movements
- Cash +€1,686
up €1,686 (+111.8%), from €1,508 to €3,194
mainly Net result for the year (+€12,886) and Trade debts (+€304)
- Stocks and contracts +€224
up €224 (+15.5%), from €1,440 to €1,664
- Receivables within one year -€95
down €95 (-4.5%), from €2,091 to €1,996
- Profit (loss) carried forward +€12,886
up €12,886 (+1.6%), from -€830,559 to -€817,673
- Other debts -€11,207
down €11,207 (-55.9%), from €20,033 to €8,825
- Trade debts +€304
up €304 (+29.0%), from €1,048 to €1,352
- Tax, wage and social debts -€167
down €167 (-22.9%), from €731 to €564
of which Taxes: -€291
- Gross operating margin -€7,117
down €7,117 (-34.3%), from €20,728 to €13,611
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 | €5,039 | €6,854 | +€1,815 | +36.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €5,039 | €6,854 | +€1,815 | +36.0% |
| Stocks and contracts in progress | 3 | €1,440 | €1,664 | +€224 | +15.5% |
| Stocks | 30/36 | €1,440 | €1,664 | +€224 | +15.5% |
| Amounts receivable within one year | 40/41 | €2,091 | €1,996 | -€95 | -4.5% |
| Trade receivables | 40 | €2,091 | €1,996 | -€95 | -4.5% |
| Cash at bank and in hand | 54/58 | €1,508 | €3,194 | +€1,686 | +111.8% |
| Total equity and liabilities | 10/49 | €5,039 | €6,854 | +€1,815 | +36.0% |
| Equity | 10/15 | -€691,773 | -€678,887 | +€12,886 | +1.9% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €14,839 | €14,839 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,884 | €1,884 | = | 0.0% |
| Distributable reserves | 133 | €560 | €560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€830,559 | -€817,673 | +€12,886 | +1.6% |
| Amounts payable | 17/49 | €696,812 | €685,741 | -€11,071 | -1.6% |
| Amounts payable after more than one year | 17 | €675,000 | €675,000 | = | 0.0% |
| Other amounts payable | 178/9 | €675,000 | €675,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,812 | €10,741 | -€11,071 | -50.8% |
| Trade debts | 44 | €1,048 | €1,352 | +€304 | +29.0% |
| Suppliers | 440/4 | €1,048 | €1,352 | +€304 | +29.0% |
| Taxes, remuneration and social security | 45 | €731 | €564 | -€167 | -22.9% |
| Taxes | 450/3 | €731 | €441 | -€291 | -39.7% |
| Remuneration and social security | 454/9 | - | €123 | +€123 | |
| Other amounts payable | 47/48 | €20,033 | €8,825 | -€11,207 | -55.9% |
| Other operating charges | 640/8 | €569 | €673 | +€104 | +18.3% |
| Gross operating margin | 9900 | €20,728 | €13,611 | -€7,117 | -34.3% |
| Operating profit (loss) | 9901 | €20,159 | €12,938 | -€7,221 | -35.8% |
| Financial charges | 65/66B | €61 | €53 | -€9 | -14.2% |
| Recurring financial charges | 65 | €61 | €53 | -€9 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €20,098 | €12,886 | -€7,212 | -35.9% |
| Profit (loss) for the period | 9904 | €20,098 | €12,886 | -€7,212 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,098 | €12,886 | -€7,212 | -35.9% |
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 5 October 2026 via checked.be.