COX Joris: 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 Joris
Largest movements
- Cash +€33,700
up €33,700 (+24.0%), from €140,295 to €173,995
mainly Net result for the year (+€23,229) and Depreciation (+€16,304)
- Tangible fixed assets -€16,304
down €16,304 (-29.6%), from €55,038 to €38,735
of which Furniture and vehicles: -€13,000
- Receivables within one year +€3,250
up €3,250 (+24.4%), from €13,296 to €16,546
of which Trade receivables: +€3,250
- Financial fixed assets +€3,000
new in 2025: €3,000
- Reserves +€23,229
up €23,229 (+15.7%), from €148,006 to €171,235
of which Distributable reserves: +€23,229
- Accrued charges and deferred income -€3,150
down €3,150 (-75.0%), from €4,200 to €1,050
- Trade debts +€2,921
up €2,921 (+1599.7%), from €183 to €3,104
- Gross operating margin +€9,761
up €9,761 (+22.4%), from €43,535 to €53,297
- Taxes +€3,709
up €3,709 (+47.5%), from €7,807 to €11,516
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 | €208,630 | €232,276 | +€23,646 | +11.3% |
| Fixed assets | 21/28 | €55,038 | €41,735 | -€13,304 | -24.2% |
| Tangible fixed assets | 22/27 | €55,038 | €38,735 | -€16,304 | -29.6% |
| Plant, machinery and equipment | 23 | €1,860 | €0 | -€1,860 | -100.0% |
| Furniture and vehicles | 24 | €50,860 | €37,860 | -€13,000 | -25.6% |
| Other tangible fixed assets | 26 | €2,319 | €874 | -€1,444 | -62.3% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €153,591 | €190,542 | +€36,950 | +24.1% |
| Amounts receivable within one year | 40/41 | €13,296 | €16,546 | +€3,250 | +24.4% |
| Trade receivables | 40 | €11,103 | €14,354 | +€3,250 | +29.3% |
| Other amounts receivable | 41 | €2,193 | €2,193 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €140,295 | €173,995 | +€33,700 | +24.0% |
| Total equity and liabilities | 10/49 | €208,630 | €232,276 | +€23,646 | +11.3% |
| Equity | 10/15 | €154,206 | €177,435 | +€23,229 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,006 | €171,235 | +€23,229 | +15.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €148,006 | €171,235 | +€23,229 | +15.7% |
| Amounts payable | 17/49 | €54,424 | €54,841 | +€417 | +0.8% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,224 | €18,791 | +€3,567 | +23.4% |
| Trade debts | 44 | €183 | €3,104 | +€2,921 | +1599.7% |
| Suppliers | 440/4 | €183 | €3,104 | +€2,921 | +1599.7% |
| Taxes, remuneration and social security | 45 | €4,930 | €4,776 | -€154 | -3.1% |
| Taxes | 450/3 | €4,930 | €4,776 | -€154 | -3.1% |
| Other amounts payable | 47/48 | €10,111 | €10,911 | +€800 | +7.9% |
| Accrued charges and deferred income | 492/3 | €4,200 | €1,050 | -€3,150 | -75.0% |
| Non-recurring operating income | 76A | €6,750 | €0 | -€6,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,819 | €16,304 | -€515 | -3.1% |
| Other operating charges | 640/8 | €1,196 | €1,122 | -€74 | -6.2% |
| Gross operating margin | 9900 | €43,535 | €53,297 | +€9,761 | +22.4% |
| Operating profit (loss) | 9901 | €25,520 | €35,870 | +€10,351 | +40.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,218 | €1,125 | -€93 | -7.6% |
| Recurring financial charges | 65 | €1,218 | €1,125 | -€93 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €24,302 | €34,745 | +€10,443 | +43.0% |
| Income taxes | 67/77 | €7,807 | €11,516 | +€3,709 | +47.5% |
| Profit (loss) for the period | 9904 | €16,495 | €23,229 | +€6,734 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,495 | €23,229 | +€6,734 | +40.8% |
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 30 September 2026 via checked.be.