COXENT: 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.
COXENT
Largest movements
- Receivables within one year -€55,366
down €55,366 (-39.9%), from €138,627 to €83,261
of which Trade receivables: -€55,735
- Tangible fixed assets +€13,878
up €13,878 (+64.9%), from €21,396 to €35,274
of which Furniture and vehicles: +€12,415
- Cash +€5,389
up €5,389 (+6.1%), from €88,877 to €94,267
mainly Receivables within one year (+€55,366) and Depreciation (+€28,302)
- Accrued charges and deferred income -€72,715
no longer reported in 2025 (was €72,715)
- Reserves +€15,000
new in 2025: €15,000
- Debts after one year +€12,236
up €12,236 (+345.4%), from €3,543 to €15,779
- Tax, wage and social debts +€4,603
up €4,603 (+28.4%), from €16,196 to €20,799
of which Taxes: +€4,264
- Gross operating margin -€22,031
down €22,031 (-28.2%), from €78,030 to €55,998
- Taxes -€3,687
down €3,687 (-32.1%), from €11,484 to €7,797
- Financial charges +€1,313
up €1,313 (+697.6%), from €188 to €1,501
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 | €249,326 | €213,095 | -€36,230 | -14.5% |
| Fixed assets | 21/28 | €21,396 | €35,274 | +€13,878 | +64.9% |
| Tangible fixed assets | 22/27 | €21,396 | €35,274 | +€13,878 | +64.9% |
| Plant, machinery and equipment | 23 | €5,584 | €14,246 | +€8,662 | +155.1% |
| Furniture and vehicles | 24 | €8,613 | €21,028 | +€12,415 | +144.1% |
| Leasing and similar rights | 25 | €7,199 | - | -€7,199 | |
| Current assets | 29/58 | €227,930 | €177,822 | -€50,108 | -22.0% |
| Amounts receivable within one year | 40/41 | €138,627 | €83,261 | -€55,366 | -39.9% |
| Trade receivables | 40 | €128,057 | €72,323 | -€55,735 | -43.5% |
| Other amounts receivable | 41 | €10,569 | €10,938 | +€369 | +3.5% |
| Cash at bank and in hand | 54/58 | €88,877 | €94,267 | +€5,389 | +6.1% |
| Deferred charges and accrued income | 490/1 | €425 | €294 | -€131 | -30.8% |
| Total equity and liabilities | 10/49 | €249,326 | €213,095 | -€36,230 | -14.5% |
| Equity | 10/15 | €111,180 | €127,425 | +€16,245 | +14.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €96,180 | €97,425 | +€1,245 | +1.3% |
| Amounts payable | 17/49 | €138,146 | €85,670 | -€52,476 | -38.0% |
| Amounts payable after more than one year | 17 | €3,543 | €15,779 | +€12,236 | +345.4% |
| Financial debts | 170/4 | €3,543 | €15,779 | +€12,236 | +345.4% |
| Amounts payable within one year | 42/48 | €61,888 | €69,891 | +€8,004 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €9,477 | €10,954 | +€1,478 | +15.6% |
| Trade debts | 44 | €17,843 | €17,796 | -€47 | -0.3% |
| Suppliers | 440/4 | €17,843 | €17,796 | -€47 | -0.3% |
| Taxes, remuneration and social security | 45 | €16,196 | €20,799 | +€4,603 | +28.4% |
| Taxes | 450/3 | €14,533 | €18,797 | +€4,264 | +29.3% |
| Remuneration and social security | 454/9 | €1,663 | €2,002 | +€339 | +20.4% |
| Other amounts payable | 47/48 | €18,372 | €20,342 | +€1,971 | +10.7% |
| Accrued charges and deferred income | 492/3 | €72,715 | - | -€72,715 | |
| Remuneration, social security and pensions | 62 | €1,437 | €940 | -€497 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,473 | €28,302 | -€172 | -0.6% |
| Other operating charges | 640/8 | €784 | €1,406 | +€622 | +79.4% |
| Gross operating margin | 9900 | €78,030 | €55,998 | -€22,031 | -28.2% |
| Operating profit (loss) | 9901 | €47,336 | €25,351 | -€21,985 | -46.4% |
| Financial income | 75/76B | €790 | €192 | -€597 | -75.6% |
| Recurring financial income | 75 | €790 | €192 | -€597 | -75.6% |
| Financial charges | 65/66B | €188 | €1,501 | +€1,313 | +697.6% |
| Recurring financial charges | 65 | €188 | €1,501 | +€1,313 | +697.6% |
| Profit (loss) for the period before taxes | 9903 | €47,937 | €24,042 | -€23,895 | -49.8% |
| Income taxes | 67/77 | €11,484 | €7,797 | -€3,687 | -32.1% |
| Profit (loss) for the period | 9904 | €36,453 | €16,245 | -€20,208 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,453 | €16,245 | -€20,208 | -55.4% |
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 10 October 2026 via checked.be.