ExBox: 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.
ExBox
Largest movements
- Cash +€65,880
up €65,880 (+162.3%), from €40,580 to €106,460
mainly Net result for the year (+€78,311) and Tax, wage and social debts (+€38,106)
- Intangible fixed assets -€15,000
down €15,000 (-66.7%), from €22,500 to €7,500
- Receivables within one year +€12,960
up €12,960 (+7.8%), from €165,847 to €178,807
of which Trade receivables: +€14,448
- Tax, wage and social debts +€38,106
up €38,106 (+3629.2%), from €1,050 to €39,156
- Profit (loss) carried forward +€20,811
up €20,811 (+10.1%), from €207,007 to €227,818
- Other debts +€6,900
up €6,900 (+13.6%), from €50,600 to €57,500
- Gross operating margin +€25,736
up €25,736 (+28.7%), from €89,637 to €115,373
- Taxes +€2,366
up €2,366 (+12.1%), from €19,564 to €21,931
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 | €281,073 | €347,581 | +€66,508 | +23.7% |
| Fixed assets | 21/28 | €74,646 | €60,959 | -€13,686 | -18.3% |
| Intangible fixed assets | 21 | €22,500 | €7,500 | -€15,000 | -66.7% |
| Tangible fixed assets | 22/27 | €52,146 | €53,459 | +€1,314 | +2.5% |
| Plant, machinery and equipment | 23 | €3,461 | €3,031 | -€430 | -12.4% |
| Furniture and vehicles | 24 | €48,685 | €50,428 | +€1,744 | +3.6% |
| Current assets | 29/58 | €206,427 | €286,622 | +€80,194 | +38.8% |
| Amounts receivable within one year | 40/41 | €165,847 | €178,807 | +€12,960 | +7.8% |
| Trade receivables | 40 | €102,239 | €116,687 | +€14,448 | +14.1% |
| Other amounts receivable | 41 | €63,608 | €62,120 | -€1,488 | -2.3% |
| Cash at bank and in hand | 54/58 | €40,580 | €106,460 | +€65,880 | +162.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,354 | +€1,354 | |
| Total equity and liabilities | 10/49 | €281,073 | €347,581 | +€66,508 | +23.7% |
| Equity | 10/15 | €227,467 | €248,278 | +€20,811 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,007 | €227,818 | +€20,811 | +10.1% |
| Amounts payable | 17/49 | €53,605 | €99,303 | +€45,697 | +85.2% |
| Amounts payable within one year | 42/48 | €53,605 | €99,303 | +€45,697 | +85.2% |
| Trade debts | 44 | €1,955 | €2,647 | +€691 | +35.3% |
| Suppliers | 440/4 | €1,955 | €2,647 | +€691 | +35.3% |
| Taxes, remuneration and social security | 45 | €1,050 | €39,156 | +€38,106 | +3629.2% |
| Taxes | 450/3 | €1,050 | €39,156 | +€38,106 | +3629.2% |
| Other amounts payable | 47/48 | €50,600 | €57,500 | +€6,900 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,917 | €16,886 | -€30 | -0.2% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €89,637 | €115,373 | +€25,736 | +28.7% |
| Operating profit (loss) | 9901 | €72,720 | €98,487 | +€25,767 | +35.4% |
| Financial income | 75/76B | €1,480 | €2,417 | +€937 | +63.4% |
| Recurring financial income | 75 | €1,480 | €2,417 | +€937 | +63.4% |
| Financial charges | 65/66B | €702 | €663 | -€39 | -5.6% |
| Recurring financial charges | 65 | €702 | €663 | -€39 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €73,498 | €100,241 | +€26,743 | +36.4% |
| Income taxes | 67/77 | €19,564 | €21,931 | +€2,366 | +12.1% |
| Profit (loss) for the period | 9904 | €53,934 | €78,311 | +€24,377 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,934 | €78,311 | +€24,377 | +45.2% |
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 12 October 2026 via checked.be.