JEAN-MARC BOXUS: what changed
JEAN-MARC BOXUS
Largest movements
- Cash +€78,393
up €78,393 (+30.5%), from €257,023 to €335,416
mainly Net result for the year (+€88,871) and Receivables within one year (+€66,516)
- Receivables within one year -€66,516
down €66,516 (-89.6%), from €74,200 to €7,684
of which Other amounts receivable: -€34,089
- Deferred charges and accrued income +€31,094
up €31,094 (+2,680%), from €1,160 to €32,254
- Reserves +€47,695
up €47,695 (+16.3%), from €291,914 to €339,609
- Other debts -€43,622
down €43,622 (-53.9%), from €80,932 to €37,310
- Tax, wage and social debts +€34,571
up €34,571 (+494%), from €7,003 to €41,574
- Financial charges -€58,407
down €58,407 (-97.7%), from €59,785 to €1,378
- Gross operating margin +€34,406
up €34,406 (+27.2%), from €126,353 to €160,759
- Taxes +€27,899
up €27,899 (+254%), from €10,968 to €38,867
- Depreciation +€19,472
up €19,472 (+1,054%), from €1,847 to €21,318
- Other operating charges -€5,837
down €5,837 (-36.1%), from €16,162 to €10,326
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 | €402,586 | €443,775 | +€41,190 | +10.2% |
| Fixed assets | 21/28 | €6,204 | €4,422 | -€1,782 | -28.7% |
| Tangible fixed assets | 22/27 | €6,204 | €4,422 | -€1,782 | -28.7% |
| Furniture and vehicles | 24 | €6,204 | €4,422 | -€1,782 | -28.7% |
| Current assets | 29/58 | €396,382 | €439,354 | +€42,971 | +10.8% |
| Amounts receivable within one year | 40/41 | €74,200 | €7,684 | -€66,516 | -89.6% |
| Trade receivables | 40 | €40,111 | €7,684 | -€32,427 | -80.8% |
| Other amounts receivable | 41 | €34,089 | - | -€34,089 | |
| Current investments | 50/53 | €63,999 | €63,999 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €257,023 | €335,416 | +€78,393 | +30.5% |
| Deferred charges and accrued income | 490/1 | €1,160 | €32,254 | +€31,094 | +2,680% |
| Total equity and liabilities | 10/49 | €402,586 | €443,775 | +€41,190 | +10.2% |
| Equity | 10/15 | €311,098 | €358,209 | +€47,111 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,914 | €339,609 | +€47,695 | +16.3% |
| Distributable reserves | 133 | €291,914 | €339,609 | +€47,695 | +16.3% |
| Profit (loss) carried forward | 14 | €584 | - | -€584 | |
| Amounts payable | 17/49 | €91,488 | €85,567 | -€5,921 | -6.5% |
| Amounts payable within one year | 42/48 | €91,374 | €82,397 | -€8,977 | -9.8% |
| Financial debts | 43 | €114 | €183 | +€69 | +60.0% |
| Credit institutions | 430/8 | €114 | €183 | +€69 | +60.0% |
| Trade debts | 44 | €3,325 | €3,331 | +€6 | +0.2% |
| Suppliers | 440/4 | €3,325 | €3,331 | +€6 | +0.2% |
| Taxes, remuneration and social security | 45 | €7,003 | €41,574 | +€34,571 | +494% |
| Taxes | 450/3 | €7,003 | €41,574 | +€34,571 | +494% |
| Other amounts payable | 47/48 | €80,932 | €37,310 | -€43,622 | -53.9% |
| Accrued charges and deferred income | 492/3 | €114 | €3,169 | +€3,056 | +2,686% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,847 | €21,318 | +€19,472 | +1,054% |
| Other operating charges | 640/8 | €16,162 | €10,326 | -€5,837 | -36.1% |
| Gross operating margin | 9900 | €126,353 | €160,759 | +€34,406 | +27.2% |
| Operating profit (loss) | 9901 | €108,344 | €129,116 | +€20,771 | +19.2% |
| Financial income | 75/76B | €189 | €1 | -€188 | -99.6% |
| Recurring financial income | 75 | €189 | €1 | -€188 | -99.6% |
| Financial charges | 65/66B | €59,785 | €1,378 | -€58,407 | -97.7% |
| Recurring financial charges | 65 | €59,785 | €1,378 | -€58,407 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €48,748 | €127,738 | +€78,990 | +162% |
| Income taxes | 67/77 | €10,968 | €38,867 | +€27,899 | +254% |
| Profit (loss) for the period | 9904 | €37,781 | €88,871 | +€51,091 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €37,781 | €88,871 | +€51,091 | +135% |
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 5 November 2026 via checked.be.