COX GLAS: 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.
COX GLAS
Largest movements
- Cash -€46,300
down €46,300 (-48.9%), from €94,707 to €48,408
mainly Investment in fixed assets (net) (-€63,536) and Receivables within one year (-€34,118)
- Tangible fixed assets +€38,256
up €38,256 (+39.7%), from €96,397 to €134,653
of which Furniture and vehicles: +€51,664
- Receivables within one year +€34,118
up €34,118 (+93.0%), from €36,698 to €70,817
of which Trade receivables: +€18,256
- Deferred charges and accrued income +€3,842
up €3,842 (+97.4%), from €3,944 to €7,786
- Reserves +€34,059
up €34,059 (+30.1%), from €113,157 to €147,216
of which Distributable reserves: +€34,059
- Debts after one year +€18,345
up €18,345 (+67.7%), from €27,084 to €45,428
- Trade debts -€18,272
down €18,272 (-61.3%), from €29,820 to €11,548
- Tax, wage and social debts -€9,445
down €9,445 (-50.6%), from €18,657 to €9,212
of which Taxes: -€6,361
- Current portion of long-term debt +€8,322
up €8,322 (+99.9%), from €8,333 to €16,655
- Gross operating margin +€17,494
up €17,494 (+16.0%), from €109,402 to €126,895
- Taxes +€4,650
up €4,650 (+58.7%), from €7,921 to €12,572
- Financial charges -€3,879
down €3,879 (-47.6%), from €8,142 to €4,263
- Depreciation -€3,685
down €3,685 (-12.7%), from €28,965 to €25,280
- Staff costs +€3,347
up €3,347 (+7.7%), from €43,711 to €47,058
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 | €244,851 | €276,938 | +€32,087 | +13.1% |
| Fixed assets | 21/28 | €96,397 | €134,653 | +€38,256 | +39.7% |
| Tangible fixed assets | 22/27 | €96,397 | €134,653 | +€38,256 | +39.7% |
| Land and buildings | 22 | €65,928 | €57,666 | -€8,262 | -12.5% |
| Plant, machinery and equipment | 23 | €18,825 | €13,679 | -€5,146 | -27.3% |
| Furniture and vehicles | 24 | €11,644 | €63,308 | +€51,664 | +444% |
| Current assets | 29/58 | €148,454 | €142,285 | -€6,169 | -4.2% |
| Stocks and contracts in progress | 3 | €13,105 | €15,275 | +€2,170 | +16.6% |
| Stocks | 30/36 | €13,105 | €15,275 | +€2,170 | +16.6% |
| Amounts receivable within one year | 40/41 | €36,698 | €70,817 | +€34,118 | +93.0% |
| Trade receivables | 40 | €25,492 | €43,748 | +€18,256 | +71.6% |
| Other amounts receivable | 41 | €11,207 | €27,069 | +€15,862 | +142% |
| Cash at bank and in hand | 54/58 | €94,707 | €48,408 | -€46,300 | -48.9% |
| Deferred charges and accrued income | 490/1 | €3,944 | €7,786 | +€3,842 | +97.4% |
| Total equity and liabilities | 10/49 | €244,851 | €276,938 | +€32,087 | +13.1% |
| Equity | 10/15 | €131,757 | €165,816 | +€34,059 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,157 | €147,216 | +€34,059 | +30.1% |
| Tax-exempt reserves | 132 | €23 | €23 | = | 0.0% |
| Distributable reserves | 133 | €113,134 | €147,193 | +€34,059 | +30.1% |
| Amounts payable | 17/49 | €113,095 | €111,122 | -€1,972 | -1.7% |
| Amounts payable after more than one year | 17 | €27,084 | €45,428 | +€18,345 | +67.7% |
| Financial debts | 170/4 | €27,084 | €45,428 | +€18,345 | +67.7% |
| Amounts payable within one year | 42/48 | €84,755 | €65,694 | -€19,062 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €16,655 | +€8,322 | +99.9% |
| Financial debts | 43 | - | €429 | +€429 | |
| Credit institutions | 430/8 | - | €429 | +€429 | |
| Trade debts | 44 | €29,820 | €11,548 | -€18,272 | -61.3% |
| Suppliers | 440/4 | €29,820 | €11,548 | -€18,272 | -61.3% |
| Taxes, remuneration and social security | 45 | €18,657 | €9,212 | -€9,445 | -50.6% |
| Taxes | 450/3 | €6,361 | €0 | -€6,361 | -100% |
| Remuneration and social security | 454/9 | €12,296 | €9,212 | -€3,084 | -25.1% |
| Other amounts payable | 47/48 | €27,946 | €27,850 | -€96 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,255 | €0 | -€1,255 | -100% |
| Non-recurring operating income | 76A | €0 | €1,750 | +€1,750 | |
| Remuneration, social security and pensions | 62 | €43,711 | €47,058 | +€3,347 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,965 | €25,280 | -€3,685 | -12.7% |
| Other operating charges | 640/8 | €4,106 | €4,562 | +€456 | +11.1% |
| Gross operating margin | 9900 | €109,402 | €126,895 | +€17,494 | +16.0% |
| Operating profit (loss) | 9901 | €32,619 | €49,994 | +€17,375 | +53.3% |
| Financial income | 75/76B | €966 | €900 | -€67 | -6.9% |
| Recurring financial income | 75 | €966 | €900 | -€67 | -6.9% |
| Financial charges | 65/66B | €8,142 | €4,263 | -€3,879 | -47.6% |
| Recurring financial charges | 65 | €8,142 | €4,263 | -€3,879 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €25,444 | €46,631 | +€21,187 | +83.3% |
| Income taxes | 67/77 | €7,921 | €12,572 | +€4,650 | +58.7% |
| Profit (loss) for the period | 9904 | €17,522 | €34,059 | +€16,537 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,522 | €34,059 | +€16,537 | +94.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.