CQBOX: 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.
CQBOX
Largest movements
- Cash +€171,441
up €171,441 (+65.0%), from €263,855 to €435,296
mainly Net result for the year (+€135,233) and Depreciation (+€78,705)
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€23,535
down €23,535 (-2.9%), from €818,450 to €794,915
of which Land and buildings: -€19,398
- Receivables within one year +€18,566
up €18,566 (+27.8%), from €66,704 to €85,270
of which Other amounts receivable: +€15,677
- Profit (loss) carried forward +€135,233
up €135,233 (+39.3%), from €344,192 to €479,425
- Debts after one year -€65,335
down €65,335 (-10.2%), from €640,767 to €575,432
- Current portion of long-term debt +€29,075
up €29,075 (+53.9%), from €53,976 to €83,051
- Trade debts -€24,281
down €24,281 (-67.1%), from €36,203 to €11,923
- Accrued charges and deferred income +€18,953
up €18,953 (+43.6%), from €43,474 to €62,427
- Gross operating margin +€41,241
up €41,241 (+17.6%), from €234,870 to €276,112
- Depreciation +€18,111
up €18,111 (+29.9%), from €60,593 to €78,705
- Taxes +€4,751
up €4,751 (+13.6%), from €34,887 to €39,637
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 | €1,202,247 | €1,318,493 | +€116,246 | +9.7% |
| Fixed assets | 21/28 | €818,450 | €794,915 | -€23,535 | -2.9% |
| Tangible fixed assets | 22/27 | €818,450 | €794,915 | -€23,535 | -2.9% |
| Land and buildings | 22 | €638,624 | €619,226 | -€19,398 | -3.0% |
| Plant, machinery and equipment | 23 | €179,401 | €175,689 | -€3,712 | -2.1% |
| Furniture and vehicles | 24 | €425 | €0 | -€425 | -100% |
| Current assets | 29/58 | €383,797 | €523,577 | +€139,781 | +36.4% |
| Amounts receivable within one year | 40/41 | €66,704 | €85,270 | +€18,566 | +27.8% |
| Trade receivables | 40 | €60,785 | €63,674 | +€2,889 | +4.8% |
| Other amounts receivable | 41 | €5,919 | €21,597 | +€15,677 | +265% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €263,855 | €435,296 | +€171,441 | +65.0% |
| Deferred charges and accrued income | 490/1 | €3,237 | €3,011 | -€227 | -7.0% |
| Total equity and liabilities | 10/49 | €1,202,247 | €1,318,493 | +€116,246 | +9.7% |
| Equity | 10/15 | €389,941 | €525,174 | +€135,233 | +34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,149 | €27,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,289 | €25,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,192 | €479,425 | +€135,233 | +39.3% |
| Amounts payable | 17/49 | €812,306 | €793,318 | -€18,987 | -2.3% |
| Amounts payable after more than one year | 17 | €640,767 | €575,432 | -€65,335 | -10.2% |
| Financial debts | 170/4 | €640,767 | €575,432 | -€65,335 | -10.2% |
| Amounts payable within one year | 42/48 | €128,064 | €155,459 | +€27,395 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €53,976 | €83,051 | +€29,075 | +53.9% |
| Financial debts | 43 | - | €1,071 | +€1,071 | |
| Other loans | 439 | - | €1,071 | +€1,071 | |
| Trade debts | 44 | €36,203 | €11,923 | -€24,281 | -67.1% |
| Suppliers | 440/4 | €36,203 | €11,923 | -€24,281 | -67.1% |
| Taxes, remuneration and social security | 45 | €2,308 | €18,604 | +€16,296 | +706% |
| Taxes | 450/3 | €2,308 | €18,604 | +€16,296 | +706% |
| Other amounts payable | 47/48 | €35,578 | €40,811 | +€5,233 | +14.7% |
| Accrued charges and deferred income | 492/3 | €43,474 | €62,427 | +€18,953 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,593 | €78,705 | +€18,111 | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,816 | €3,672 | +€857 | +30.4% |
| Other operating charges | 640/8 | €7,117 | €8,041 | +€924 | +13.0% |
| Gross operating margin | 9900 | €234,870 | €276,112 | +€41,241 | +17.6% |
| Operating profit (loss) | 9901 | €164,344 | €185,693 | +€21,349 | +13.0% |
| Financial income | 75/76B | €5,621 | €5,274 | -€347 | -6.2% |
| Recurring financial income | 75 | €4,742 | €5,274 | +€532 | +11.2% |
| Non-recurring financial income | 76B | €879 | €0 | -€879 | -100% |
| Financial charges | 65/66B | €13,666 | €16,097 | +€2,431 | +17.8% |
| Recurring financial charges | 65 | €13,666 | €16,097 | +€2,431 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €156,300 | €174,871 | +€18,571 | +11.9% |
| Income taxes | 67/77 | €34,887 | €39,637 | +€4,751 | +13.6% |
| Profit (loss) for the period | 9904 | €121,413 | €135,233 | +€13,820 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,413 | €135,233 | +€13,820 | +11.4% |
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 31 October 2026 via checked.be.