Kristoff Cox: 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.
Kristoff Cox
Largest movements
- Current investments +€55,981
up €55,981 (+64.9%), from €86,193 to €142,174
- Cash -€7,322
down €7,322 (-6.4%), from €113,864 to €106,542
mainly Current investments (-€55,981) and Contributions, distributions and other (-€22,500)
- Deferred charges and accrued income -€2,582
down €2,582 (-54.4%), from €4,750 to €2,168
- Reserves +€46,121
up €46,121 (+31.2%), from €147,665 to €193,787
- Taxes +€1,899
up €1,899 (+9.6%), from €19,851 to €21,750
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 | €205,798 | €251,621 | +€45,823 | +22.3% |
| Fixed assets | 21/28 | €991 | €737 | -€254 | -25.6% |
| Tangible fixed assets | 22/27 | €961 | €707 | -€254 | -26.4% |
| Furniture and vehicles | 24 | €961 | €707 | -€254 | -26.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €204,808 | €250,884 | +€46,077 | +22.5% |
| Current investments | 50/53 | €86,193 | €142,174 | +€55,981 | +64.9% |
| Cash at bank and in hand | 54/58 | €113,864 | €106,542 | -€7,322 | -6.4% |
| Deferred charges and accrued income | 490/1 | €4,750 | €2,168 | -€2,582 | -54.4% |
| Total equity and liabilities | 10/49 | €205,798 | €251,621 | +€45,823 | +22.3% |
| Equity | 10/15 | €150,165 | €196,287 | +€46,121 | +30.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €147,665 | €193,787 | +€46,121 | +31.2% |
| Distributable reserves | 133 | €147,665 | €193,787 | +€46,121 | +31.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,633 | €55,334 | -€299 | -0.5% |
| Amounts payable within one year | 42/48 | €55,633 | €55,334 | -€299 | -0.5% |
| Trade debts | 44 | €1,377 | €1,207 | -€170 | -12.4% |
| Suppliers | 440/4 | €1,377 | €1,207 | -€170 | -12.4% |
| Taxes, remuneration and social security | 45 | €53,316 | €53,295 | -€21 | 0.0% |
| Taxes | 450/3 | €53,316 | €53,295 | -€21 | 0.0% |
| Other amounts payable | 47/48 | €939 | €832 | -€107 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €254 | = | 0.0% |
| Other operating charges | 640/8 | €522 | €500 | -€22 | -4.3% |
| Gross operating margin | 9900 | €89,477 | €89,718 | +€241 | +0.3% |
| Operating profit (loss) | 9901 | €88,701 | €88,964 | +€263 | +0.3% |
| Financial income | 75/76B | €1,909 | €1,790 | -€119 | -6.2% |
| Recurring financial income | 75 | €1,909 | €1,790 | -€119 | -6.2% |
| Financial charges | 65/66B | €268 | €383 | +€115 | +42.8% |
| Recurring financial charges | 65 | €268 | €383 | +€115 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €90,342 | €90,371 | +€29 | 0.0% |
| Income taxes | 67/77 | €19,851 | €21,750 | +€1,899 | +9.6% |
| Profit (loss) for the period | 9904 | €70,491 | €68,621 | -€1,870 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,491 | €68,621 | -€1,870 | -2.7% |
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 15 October 2026 via checked.be.