COX 2: 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 2
Largest movements
- Cash +€12,040
up €12,040 (+85.4%), from €14,100 to €26,141
mainly Other debts (+€10,606) and Contributions, distributions and other (+€5,300)
- Other debts +€10,606
up €10,606 (+7.9%), from €134,382 to €144,988
- Profit (loss) carried forward +€7,125
up €7,125 (+2.8%), from -€253,831 to -€246,706
- Debts after one year -€5,150
down €5,150 (-97.2%), from €5,300 to €150
- Gross operating margin +€47,575
up €47,575, from -€35,319 to €12,256
- Depreciation +€1,249
up €1,249 (+65.2%), from €1,915 to €3,164
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 | €208,602 | €221,183 | +€12,581 | +6.0% |
| Fixed assets | 21/28 | €194,393 | €194,998 | +€606 | +0.3% |
| Tangible fixed assets | 22/27 | €194,393 | €194,998 | +€606 | +0.3% |
| Land and buildings | 22 | €184,344 | €183,180 | -€1,164 | -0.6% |
| Plant, machinery and equipment | 23 | €10,049 | €11,818 | +€1,769 | +17.6% |
| Current assets | 29/58 | €14,209 | €26,184 | +€11,975 | +84.3% |
| Amounts receivable within one year | 40/41 | €109 | €44 | -€65 | -59.8% |
| Other amounts receivable | 41 | €109 | €44 | -€65 | -59.8% |
| Cash at bank and in hand | 54/58 | €14,100 | €26,141 | +€12,040 | +85.4% |
| Total equity and liabilities | 10/49 | €208,602 | €221,183 | +€12,581 | +6.0% |
| Equity | 10/15 | €68,919 | €76,044 | +€7,125 | +10.3% |
| Contributions | 10/11 | €322,750 | €322,750 | = | 0.0% |
| Outside capital | 11 | €322,750 | €322,750 | = | 0.0% |
| Other | 1109/19 | €322,750 | €322,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,831 | -€246,706 | +€7,125 | +2.8% |
| Amounts payable | 17/49 | €139,682 | €145,138 | +€5,456 | +3.9% |
| Amounts payable after more than one year | 17 | €5,300 | €150 | -€5,150 | -97.2% |
| Other amounts payable | 178/9 | €5,300 | €150 | -€5,150 | -97.2% |
| Amounts payable within one year | 42/48 | €134,382 | €144,988 | +€10,606 | +7.9% |
| Other amounts payable | 47/48 | €134,382 | €144,988 | +€10,606 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €3,164 | +€1,249 | +65.2% |
| Other operating charges | 640/8 | €7,187 | €7,333 | +€145 | +2.0% |
| Gross operating margin | 9900 | -€35,319 | €12,256 | +€47,575 | |
| Operating profit (loss) | 9901 | -€44,422 | €1,760 | +€46,181 | |
| Financial income | 75/76B | €363 | €146 | -€217 | -59.9% |
| Recurring financial income | 75 | €363 | €146 | -€217 | -59.9% |
| Financial charges | 65/66B | €120 | €80 | -€39 | -33.0% |
| Recurring financial charges | 65 | €120 | €80 | -€39 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,179 | €1,825 | +€46,004 | |
| Income taxes | 67/77 | -€54 | - | +€54 | |
| Profit (loss) for the period | 9904 | -€44,124 | €1,825 | +€45,949 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,124 | €1,825 | +€45,949 |
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 4 October 2026 via checked.be.