COXY-SPAR: what changed
COXY-SPAR
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+1,122%), from €117,676 to €1.4m
of which Other amounts receivable: +€1.4m
- Cash -€527,058
down €527,058 (-88.6%), from €595,191 to €68,133
- Tangible fixed assets -€154,322
down €154,322 (-17.5%), from €883,361 to €729,039
of which Plant, machinery and equipment: -€119,062
- Stocks and contracts +€94,445
up €94,445 (+28.5%), from €331,124 to €425,569
- Reserves +€1.3m
up €1.3m (+496%), from €252,671 to €1.5m
of which Distributable reserves: +€1.3m
- Profit (loss) carried forward -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Other debts +€500,000
up €500,000, from €0 to €500,000
- Debts after one year -€182,643
down €182,643 (-63.2%), from €289,214 to €106,571
- Trade debts +€179,737
up €179,737 (+120%), from €149,331 to €329,067
- Gross operating margin +€616,670
up €616,670 (+33.4%), from €1.8m to €2.5m
- Staff costs +€436,307
up €436,307 (+58.9%), from €740,848 to €1.2m
- Depreciation +€112,269
up €112,269 (+63.8%), from €176,101 to €288,370
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,947,878 | €2,681,729 | +€733,852 | +37.7% |
| Fixed assets | 21/28 | €883,361 | €729,039 | -€154,322 | -17.5% |
| Tangible fixed assets | 22/27 | €883,361 | €729,039 | -€154,322 | -17.5% |
| Land and buildings | 22 | €447,063 | €412,631 | -€34,433 | -7.7% |
| Plant, machinery and equipment | 23 | €435,471 | €316,408 | -€119,062 | -27.3% |
| Furniture and vehicles | 24 | €827 | €0 | -€827 | -100% |
| Current assets | 29/58 | €1,064,517 | €1,952,690 | +€888,173 | +83.4% |
| Stocks and contracts in progress | 3 | €331,124 | €425,569 | +€94,445 | +28.5% |
| Stocks | 30/36 | €331,124 | €425,569 | +€94,445 | +28.5% |
| Amounts receivable within one year | 40/41 | €117,676 | €1,437,605 | +€1.3m | +1,122% |
| Trade receivables | 40 | €80,975 | €45,373 | -€35,602 | -44.0% |
| Other amounts receivable | 41 | €36,700 | €1,392,232 | +€1.4m | +3,694% |
| Cash at bank and in hand | 54/58 | €595,191 | €68,133 | -€527,058 | -88.6% |
| Deferred charges and accrued income | 490/1 | €20,526 | €21,384 | +€858 | +4.2% |
| Total equity and liabilities | 10/49 | €1,947,878 | €2,681,729 | +€733,852 | +37.7% |
| Equity | 10/15 | €1,305,471 | €1,530,172 | +€224,701 | +17.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €252,671 | €1,505,172 | +€1.3m | +496% |
| Tax-exempt reserves | 132 | €171 | €171 | = | 0.0% |
| Distributable reserves | 133 | €252,500 | €1,505,002 | +€1.3m | +496% |
| Profit (loss) carried forward | 14 | €1,027,801 | €0 | -€1.0m | -100% |
| Amounts payable | 17/49 | €642,406 | €1,151,557 | +€509,151 | +79.3% |
| Amounts payable after more than one year | 17 | €289,214 | €106,571 | -€182,643 | -63.2% |
| Financial debts | 170/4 | €289,214 | €106,571 | -€182,643 | -63.2% |
| Amounts payable within one year | 42/48 | €353,192 | €1,044,986 | +€691,794 | +196% |
| Current portion of amounts payable after more than one year | 42 | €120,143 | €120,143 | = | 0.0% |
| Trade debts | 44 | €149,331 | €329,067 | +€179,737 | +120% |
| Suppliers | 440/4 | €149,331 | €329,067 | +€179,737 | +120% |
| Taxes, remuneration and social security | 45 | €83,718 | €95,776 | +€12,057 | +14.4% |
| Taxes | 450/3 | €12,001 | €13,774 | +€1,772 | +14.8% |
| Remuneration and social security | 454/9 | €71,717 | €82,002 | +€10,285 | +14.3% |
| Other amounts payable | 47/48 | €0 | €500,000 | +€500,000 | |
| Non-recurring operating income | 76A | €21,360 | €19,324 | -€2,036 | -9.5% |
| Remuneration, social security and pensions | 62 | €740,848 | €1,177,155 | +€436,307 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,101 | €288,370 | +€112,269 | +63.8% |
| Other operating charges | 640/8 | €7,115 | €12,020 | +€4,905 | +68.9% |
| Gross operating margin | 9900 | €1,843,815 | €2,460,485 | +€616,670 | +33.4% |
| Operating profit (loss) | 9901 | €919,750 | €982,940 | +€63,189 | +6.9% |
| Financial income | 75/76B | €2,938 | €16,619 | +€13,681 | +466% |
| Recurring financial income | 75 | €2,938 | €16,619 | +€13,681 | +466% |
| Financial charges | 65/66B | €16,231 | €29,889 | +€13,658 | +84.1% |
| Recurring financial charges | 65 | €16,231 | €29,889 | +€13,658 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €906,457 | €969,669 | +€63,213 | +7.0% |
| Income taxes | 67/77 | €233,057 | €244,968 | +€11,911 | +5.1% |
| Profit (loss) for the period | 9904 | €673,400 | €724,701 | +€51,301 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €673,400 | €724,701 | +€51,301 | +7.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.