Econox Belgium: what changed
Econox Belgium
Largest movements
- Receivables within one year -€472,307
down €472,307 (-38.7%), from €1.2m to €748,301
of which Other amounts receivable: -€810,417
- Tangible fixed assets -€121,597
down €121,597 (-27.4%), from €443,579 to €321,982
of which Other tangible fixed assets: -€112,567
- Stocks and contracts +€73,110
up €73,110 (+11.5%), from €635,751 to €708,861
- Cash +€66,712
up €66,712 (+29.8%), from €223,749 to €290,462
mainly Other debts (+€558,970) and Receivables within one year (+€472,307)
- Trade debts -€1.0m
down €1.0m (-62.3%), from €1.6m to €607,672
- Other debts +€558,970
new in 2025: €558,970
- Tax, wage and social debts -€169,111
down €169,111 (-36.3%), from €466,498 to €297,387
of which Taxes: -€161,776
- Accrued charges and deferred income +€88,455
up €88,455 (+940%), from €9,412 to €97,867
- Reserves +€83,419
up €83,419 (+440%), from €18,944 to €102,363
- Staff costs +€51,633
up €51,633 (+7.5%), from €686,280 to €737,913
- Gross operating margin +€35,641
up €35,641 (+3.4%), from €1.0m to €1.1m
- Taxes +€27,063
up €27,063 (+196%), from €13,815 to €40,878
- Financial income -€17,199
down €17,199 (-66.6%), from €25,817 to €8,618
- Other operating charges -€13,499
down €13,499 (-38.9%), from €34,720 to €21,221
Change in the result, 2024 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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,598,609 | €2,141,939 | -€456,669 | -17.6% |
| Fixed assets | 21/28 | €508,348 | €379,977 | -€128,372 | -25.3% |
| Intangible fixed assets | 21 | €23,020 | €16,245 | -€6,775 | -29.4% |
| Tangible fixed assets | 22/27 | €443,579 | €321,982 | -€121,597 | -27.4% |
| Plant, machinery and equipment | 23 | €1,262 | €912 | -€350 | -27.7% |
| Furniture and vehicles | 24 | €33,272 | €24,592 | -€8,680 | -26.1% |
| Other tangible fixed assets | 26 | €409,045 | €296,478 | -€112,567 | -27.5% |
| Financial fixed assets | 28 | €41,750 | €41,750 | = | 0.0% |
| Current assets | 29/58 | €2,090,260 | €1,761,962 | -€328,298 | -15.7% |
| Stocks and contracts in progress | 3 | €635,751 | €708,861 | +€73,110 | +11.5% |
| Stocks | 30/36 | €635,751 | €708,861 | +€73,110 | +11.5% |
| Amounts receivable within one year | 40/41 | €1,220,608 | €748,301 | -€472,307 | -38.7% |
| Trade receivables | 40 | €396,832 | €734,942 | +€338,110 | +85.2% |
| Other amounts receivable | 41 | €823,775 | €13,359 | -€810,417 | -98.4% |
| Cash at bank and in hand | 54/58 | €223,749 | €290,462 | +€66,712 | +29.8% |
| Deferred charges and accrued income | 490/1 | €10,153 | €14,339 | +€4,187 | +41.2% |
| Total equity and liabilities | 10/49 | €2,598,609 | €2,141,939 | -€456,669 | -17.6% |
| Equity | 10/15 | €396,944 | €480,363 | +€83,419 | +21.0% |
| Contributions | 10/11 | €378,000 | €378,000 | = | 0.0% |
| Reserves | 13 | €18,944 | €102,363 | +€83,419 | +440% |
| Distributable reserves | 133 | €18,944 | €102,363 | +€83,419 | +440% |
| Amounts payable | 17/49 | €2,201,665 | €1,661,576 | -€540,088 | -24.5% |
| Amounts payable within one year | 42/48 | €2,192,253 | €1,563,709 | -€628,544 | -28.7% |
| Trade debts | 44 | €1,613,052 | €607,672 | -€1.0m | -62.3% |
| Suppliers | 440/4 | €1,613,052 | €607,672 | -€1.0m | -62.3% |
| Advances received on contracts in progress | 46 | €112,702 | €99,681 | -€13,021 | -11.6% |
| Taxes, remuneration and social security | 45 | €466,498 | €297,387 | -€169,111 | -36.3% |
| Taxes | 450/3 | €371,118 | €209,342 | -€161,776 | -43.6% |
| Remuneration and social security | 454/9 | €95,380 | €88,045 | -€7,335 | -7.7% |
| Other amounts payable | 47/48 | - | €558,970 | +€558,970 | |
| Accrued charges and deferred income | 492/3 | €9,412 | €97,867 | +€88,455 | +940% |
| Non-recurring operating income | 76A | €44,105 | €27,508 | -€16,597 | -37.6% |
| Remuneration, social security and pensions | 62 | €686,280 | €737,913 | +€51,633 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,394 | €137,198 | +€1,803 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,632 | €5,008 | +€1,376 | +37.9% |
| Other operating charges | 640/8 | €34,720 | €21,221 | -€13,499 | -38.9% |
| Non-recurring operating charges | 66A | - | €53,830 | +€53,830 | |
| Gross operating margin | 9900 | €1,044,008 | €1,079,650 | +€35,641 | +3.4% |
| Operating profit (loss) | 9901 | €183,982 | €124,480 | -€59,502 | -32.3% |
| Financial income | 75/76B | €25,817 | €8,618 | -€17,199 | -66.6% |
| Recurring financial income | 75 | €25,817 | €8,618 | -€17,199 | -66.6% |
| Financial charges | 65/66B | €9,784 | €8,801 | -€983 | -10.0% |
| Recurring financial charges | 65 | €9,784 | €8,801 | -€983 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €200,015 | €124,297 | -€75,718 | -37.9% |
| Income taxes | 67/77 | €13,815 | €40,878 | +€27,063 | +196% |
| Profit (loss) for the period | 9904 | €186,201 | €83,419 | -€102,781 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €186,201 | €83,419 | -€102,781 | -55.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.