COXULTING: 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.
COXULTING
Largest movements
- Cash +€42,283
up €42,283 (+24.4%), from €173,592 to €215,875
mainly Net result for the year (+€35,337) and Tax, wage and social debts (+€18,732)
- Deferred charges and accrued income -€14,018
down €14,018 (-37.8%), from €37,093 to €23,075
- Receivables within one year -€5,387
down €5,387 (-87.6%), from €6,152 to €765
of which Other amounts receivable: -€5,337
- Reserves +€32,737
up €32,737 (+18.8%), from €173,907 to €206,644
of which Distributable reserves: +€32,737
- Other debts -€23,324
down €23,324 (-68.3%), from €34,154 to €10,830
- Tax, wage and social debts +€18,732
up €18,732 (+160.9%), from €11,643 to €30,375
of which Taxes: +€19,306
- Gross operating margin +€43,855
up €43,855 (+90.2%), from €48,635 to €92,490
- Taxes +€14,020
up €14,020 (+241.7%), from €5,801 to €19,821
- Staff costs +€2,980
up €2,980 (+9.1%), from €32,882 to €35,862
- Financial income -€1,920
down €1,920 (-35.7%), from €5,378 to €3,458
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 | €374,196 | €399,641 | +€25,445 | +6.8% |
| Fixed assets | 21/28 | €7,359 | €6,926 | -€433 | -5.9% |
| Tangible fixed assets | 22/27 | €7,359 | €6,926 | -€433 | -5.9% |
| Plant, machinery and equipment | 23 | €2,040 | €3,114 | +€1,074 | +52.6% |
| Furniture and vehicles | 24 | €5,319 | €3,812 | -€1,507 | -28.3% |
| Current assets | 29/58 | €366,837 | €392,715 | +€25,878 | +7.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,152 | €765 | -€5,387 | -87.6% |
| Trade receivables | 40 | €815 | €765 | -€50 | -6.1% |
| Other amounts receivable | 41 | €5,337 | - | -€5,337 | |
| Current investments | 50/53 | €75,000 | €78,000 | +€3,000 | +4.0% |
| Cash at bank and in hand | 54/58 | €173,592 | €215,875 | +€42,283 | +24.4% |
| Deferred charges and accrued income | 490/1 | €37,093 | €23,075 | -€14,018 | -37.8% |
| Total equity and liabilities | 10/49 | €374,196 | €399,641 | +€25,445 | +6.8% |
| Equity | 10/15 | €317,165 | €349,902 | +€32,737 | +10.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €173,907 | €206,644 | +€32,737 | +18.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €172,048 | €204,785 | +€32,737 | +19.0% |
| Profit (loss) carried forward | 14 | €137,053 | €137,053 | = | 0.0% |
| Amounts payable | 17/49 | €57,031 | €49,739 | -€7,292 | -12.8% |
| Amounts payable within one year | 42/48 | €57,031 | €49,739 | -€7,292 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €1,000 | €1,000 | = | 0.0% |
| Trade debts | 44 | €10,234 | €7,534 | -€2,700 | -26.4% |
| Suppliers | 440/4 | €10,234 | €7,534 | -€2,700 | -26.4% |
| Taxes, remuneration and social security | 45 | €11,643 | €30,375 | +€18,732 | +160.9% |
| Taxes | 450/3 | €7,141 | €26,447 | +€19,306 | +270.4% |
| Remuneration and social security | 454/9 | €4,502 | €3,928 | -€574 | -12.7% |
| Other amounts payable | 47/48 | €34,154 | €10,830 | -€23,324 | -68.3% |
| Remuneration, social security and pensions | 62 | €32,882 | €35,862 | +€2,980 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,144 | €2,631 | -€513 | -16.3% |
| Other operating charges | 640/8 | €1,551 | €1,474 | -€77 | -5.0% |
| Non-recurring operating charges | 66A | €838 | - | -€838 | |
| Gross operating margin | 9900 | €48,635 | €92,490 | +€43,855 | +90.2% |
| Operating profit (loss) | 9901 | €10,220 | €52,523 | +€42,303 | +413.9% |
| Financial income | 75/76B | €5,378 | €3,458 | -€1,920 | -35.7% |
| Recurring financial income | 75 | €5,378 | €3,458 | -€1,920 | -35.7% |
| Financial charges | 65/66B | €569 | €823 | +€254 | +44.6% |
| Recurring financial charges | 65 | €569 | €823 | +€254 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €15,029 | €55,158 | +€40,129 | +267.0% |
| Income taxes | 67/77 | €5,801 | €19,821 | +€14,020 | +241.7% |
| Profit (loss) for the period | 9904 | €9,228 | €35,337 | +€26,109 | +282.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,228 | €35,337 | +€26,109 | +282.9% |
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 3 October 2026 via checked.be.