Cox Innovation: 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 Innovation
Largest movements
- Tangible fixed assets +€45,870
up €45,870 (+1,827%), from €2,510 to €48,380
- Receivables within one year -€13,980
down €13,980 (-78.5%), from €17,803 to €3,823
of which Trade receivables: -€14,313
- Cash +€8,056
up €8,056 (+61.9%), from €13,018 to €21,074
mainly Debts after one year (+€38,117) and Receivables within one year (+€13,980)
- Deferred charges and accrued income +€4,191
up €4,191 (+559%), from €750 to €4,941
- Debts after one year +€38,117
new in 2025: €38,117
- Tax, wage and social debts -€11,507
down €11,507 (-44.7%), from €25,741 to €14,234
of which Taxes: -€8,507
- Current portion of long-term debt +€10,165
new in 2025: €10,165
- Other debts +€9,762
up €9,762 (+1,431%), from €682 to €10,444
- Trade debts -€3,046
down €3,046 (-80.2%), from €3,796 to €751
- Gross operating margin -€4,389
down €4,389 (-15.9%), from €27,669 to €23,280
- Financial charges +€2,689
up €2,689 (+246%), from €1,094 to €3,783
- Taxes -€2,383
down €2,383 (-36.1%), from €6,609 to €4,226
- Depreciation +€2,145
up €2,145 (+102%), from €2,108 to €4,254
- Financial income -€297
down €297 (-97.1%), from €306 to €9
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 | €34,261 | €78,398 | +€44,137 | +129% |
| Fixed assets | 21/28 | €2,690 | €48,560 | +€45,870 | +1,705% |
| Tangible fixed assets | 22/27 | €2,510 | €48,380 | +€45,870 | +1,827% |
| Furniture and vehicles | 24 | €2,510 | €48,380 | +€45,870 | +1,827% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €31,571 | €29,838 | -€1,733 | -5.5% |
| Amounts receivable within one year | 40/41 | €17,803 | €3,823 | -€13,980 | -78.5% |
| Trade receivables | 40 | €17,803 | €3,490 | -€14,313 | -80.4% |
| Other amounts receivable | 41 | - | €333 | +€333 | |
| Cash at bank and in hand | 54/58 | €13,018 | €21,074 | +€8,056 | +61.9% |
| Deferred charges and accrued income | 490/1 | €750 | €4,941 | +€4,191 | +559% |
| Total equity and liabilities | 10/49 | €34,261 | €78,398 | +€44,137 | +129% |
| Equity | 10/15 | €4,042 | €4,042 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,042 | €1,042 | = | 0.0% |
| Amounts payable | 17/49 | €30,219 | €74,356 | +€44,137 | +146% |
| Amounts payable after more than one year | 17 | - | €38,117 | +€38,117 | |
| Financial debts | 170/4 | - | €38,117 | +€38,117 | |
| Amounts payable within one year | 42/48 | €30,219 | €35,593 | +€5,374 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,165 | +€10,165 | |
| Trade debts | 44 | €3,796 | €751 | -€3,046 | -80.2% |
| Suppliers | 440/4 | €3,796 | €751 | -€3,046 | -80.2% |
| Taxes, remuneration and social security | 45 | €25,741 | €14,234 | -€11,507 | -44.7% |
| Taxes | 450/3 | €22,741 | €14,234 | -€8,507 | -37.4% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €682 | €10,444 | +€9,762 | +1,431% |
| Accrued charges and deferred income | 492/3 | - | €646 | +€646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,108 | €4,254 | +€2,145 | +102% |
| Other operating charges | 640/8 | €830 | €583 | -€248 | -29.8% |
| Gross operating margin | 9900 | €27,669 | €23,280 | -€4,389 | -15.9% |
| Operating profit (loss) | 9901 | €24,731 | €18,444 | -€6,287 | -25.4% |
| Financial income | 75/76B | €306 | €9 | -€297 | -97.1% |
| Recurring financial income | 75 | €306 | €9 | -€297 | -97.1% |
| Financial charges | 65/66B | €1,094 | €3,783 | +€2,689 | +246% |
| Recurring financial charges | 65 | €1,094 | €3,783 | +€2,689 | +246% |
| Profit (loss) for the period before taxes | 9903 | €23,943 | €14,671 | -€9,272 | -38.7% |
| Income taxes | 67/77 | €6,609 | €4,226 | -€2,383 | -36.1% |
| Profit (loss) for the period | 9904 | €17,334 | €10,444 | -€6,890 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,334 | €10,444 | -€6,890 | -39.7% |
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 18 October 2026 via checked.be.