CX-BELUX: 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.
CX-BELUX
Largest movements
- Receivables within one year +€5,262
up €5,262 (+39.7%), from €13,249 to €18,511
of which Other amounts receivable: +€7,663
- Cash +€1,978
up €1,978 (+1,912%), from €103 to €2,081
mainly Net result for the year (+€5,674) and Tax, wage and social debts (+€4,425)
- Deferred charges and accrued income -€700
down €700 (-10.0%), from €7,000 to €6,300
- Intangible fixed assets -€700
down €700 (-25.6%), from €2,737 to €2,037
- Reserves +€5,674
up €5,674 (+83.4%), from €6,801 to €12,476
- Accrued charges and deferred income -€4,560
down €4,560 (-100%), from €4,560 to €0
- Tax, wage and social debts +€4,425
up €4,425 (+69.2%), from €6,395 to €10,819
- Trade debts +€301
up €301 (+6.9%), from €4,334 to €4,634
- Gross operating margin -€2,454
down €2,454 (-22.3%), from €11,012 to €8,558
- Taxes -€764
down €764 (-21.7%), from €3,520 to €2,756
- Financial income +€657
up €657 (+227%), from €289 to €946
- Other operating charges +€144
up €144 (+96.1%), from €150 to €294
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 | €23,090 | €28,930 | +€5,840 | +25.3% |
| Fixed assets | 21/28 | €2,737 | €2,037 | -€700 | -25.6% |
| Intangible fixed assets | 21 | €2,737 | €2,037 | -€700 | -25.6% |
| Current assets | 29/58 | €20,353 | €26,892 | +€6,540 | +32.1% |
| Amounts receivable within one year | 40/41 | €13,249 | €18,511 | +€5,262 | +39.7% |
| Trade receivables | 40 | €7,636 | €5,235 | -€2,401 | -31.4% |
| Other amounts receivable | 41 | €5,613 | €13,276 | +€7,663 | +137% |
| Cash at bank and in hand | 54/58 | €103 | €2,081 | +€1,978 | +1,912% |
| Deferred charges and accrued income | 490/1 | €7,000 | €6,300 | -€700 | -10.0% |
| Total equity and liabilities | 10/49 | €23,090 | €28,930 | +€5,840 | +25.3% |
| Equity | 10/15 | €7,801 | €13,476 | +€5,674 | +72.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,801 | €12,476 | +€5,674 | +83.4% |
| Distributable reserves | 133 | €6,801 | €12,476 | +€5,674 | +83.4% |
| Amounts payable | 17/49 | €15,288 | €15,454 | +€165 | +1.1% |
| Amounts payable within one year | 42/48 | €10,729 | €15,454 | +€4,725 | +44.0% |
| Trade debts | 44 | €4,334 | €4,634 | +€301 | +6.9% |
| Suppliers | 440/4 | €4,334 | €4,634 | +€301 | +6.9% |
| Taxes, remuneration and social security | 45 | €6,395 | €10,819 | +€4,425 | +69.2% |
| Taxes | 450/3 | €6,395 | €10,819 | +€4,425 | +69.2% |
| Accrued charges and deferred income | 492/3 | €4,560 | €0 | -€4,560 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €763 | €700 | -€63 | -8.2% |
| Other operating charges | 640/8 | €150 | €294 | +€144 | +96.1% |
| Gross operating margin | 9900 | €11,012 | €8,558 | -€2,454 | -22.3% |
| Operating profit (loss) | 9901 | €10,099 | €7,564 | -€2,536 | -25.1% |
| Financial income | 75/76B | €289 | €946 | +€657 | +227% |
| Recurring financial income | 75 | €289 | €946 | +€657 | +227% |
| Financial charges | 65/66B | €67 | €79 | +€12 | +17.9% |
| Recurring financial charges | 65 | €67 | €79 | +€12 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €10,321 | €8,431 | -€1,891 | -18.3% |
| Income taxes | 67/77 | €3,520 | €2,756 | -€764 | -21.7% |
| Profit (loss) for the period | 9904 | €6,801 | €5,674 | -€1,127 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,801 | €5,674 | -€1,127 | -16.6% |
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 30 October 2026 via checked.be.