Laurent Boxus Conseil: 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.
Laurent Boxus Conseil
Largest movements
- Cash +€408,133
up €408,133 (+33.7%), from €1.2m to €1.6m
mainly Net result for the year (+€482,008) and Depreciation (+€243,238)
- Tangible fixed assets -€215,939
down €215,939 (-10.1%), from €2.1m to €1.9m
of which Land and buildings: -€197,950
- Receivables within one year -€109,203
down €109,203 (-62.5%), from €174,710 to €65,507
of which Other amounts receivable: -€109,203
- Profit (loss) carried forward +€300,190
up €300,190 (+25.5%), from €1.2m to €1.5m
- Debts after one year -€273,678
down €273,678 (-37.8%), from €724,171 to €450,493
- Reserves +€181,818
up €181,818 (+19.3%), from €942,190 to €1.1m
of which Distributable reserves: +€181,818
- Other debts -€172,728
down €172,728 (-98.4%), from €175,477 to €2,749
- Gross operating margin -€677,370
down €677,370 (-45.0%), from €1.5m to €829,198
- Depreciation -€186,366
down €186,366 (-43.4%), from €429,605 to €243,238
- Taxes -€112,038
down €112,038 (-40.7%), from €275,137 to €163,099
- Other operating charges -€61,697
down €61,697 (-72.0%), from €85,748 to €24,051
- Financial charges -€32,328
down €32,328 (-35.7%), from €90,485 to €58,157
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 | €3,865,139 | €3,918,952 | +€53,813 | +1.4% |
| Fixed assets | 21/28 | €2,470,396 | €2,234,779 | -€235,617 | -9.5% |
| Intangible fixed assets | 21 | €124,629 | €104,951 | -€19,678 | -15.8% |
| Tangible fixed assets | 22/27 | €2,143,031 | €1,927,092 | -€215,939 | -10.1% |
| Land and buildings | 22 | €1,973,670 | €1,775,720 | -€197,950 | -10.0% |
| Furniture and vehicles | 24 | €169,361 | €151,372 | -€17,989 | -10.6% |
| Financial fixed assets | 28 | €202,736 | €202,736 | = | 0.0% |
| Current assets | 29/58 | €1,394,744 | €1,684,174 | +€289,430 | +20.8% |
| Amounts receivable within one year | 40/41 | €174,710 | €65,507 | -€109,203 | -62.5% |
| Trade receivables | 40 | €20,261 | €20,261 | = | 0.0% |
| Other amounts receivable | 41 | €154,449 | €45,246 | -€109,203 | -70.7% |
| Cash at bank and in hand | 54/58 | €1,210,534 | €1,618,667 | +€408,133 | +33.7% |
| Deferred charges and accrued income | 490/1 | €9,500 | - | -€9,500 | |
| Total equity and liabilities | 10/49 | €3,865,139 | €3,918,952 | +€53,813 | +1.4% |
| Equity | 10/15 | €2,248,978 | €2,730,986 | +€482,008 | +21.4% |
| Contributions | 10/11 | €131,000 | €131,000 | = | 0.0% |
| Capital | 10 | €131,000 | €131,000 | = | 0.0% |
| Issued capital | 100 | €131,000 | €131,000 | = | 0.0% |
| Reserves | 13 | €942,190 | €1,124,008 | +€181,818 | +19.3% |
| Non-distributable reserves | 130/1 | €33,100 | €33,100 | = | 0.0% |
| Legal reserve | 130 | €33,100 | €33,100 | = | 0.0% |
| Distributable reserves | 133 | €909,090 | €1,090,908 | +€181,818 | +20.0% |
| Profit (loss) carried forward | 14 | €1,175,788 | €1,475,978 | +€300,190 | +25.5% |
| Provisions and deferred taxes | 16 | €374,097 | €374,097 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €374,097 | €374,097 | = | 0.0% |
| Pensions and similar obligations | 160 | €374,097 | €374,097 | = | 0.0% |
| Amounts payable | 17/49 | €1,242,065 | €813,869 | -€428,195 | -34.5% |
| Amounts payable after more than one year | 17 | €724,171 | €450,493 | -€273,678 | -37.8% |
| Financial debts | 170/4 | €724,171 | €450,493 | -€273,678 | -37.8% |
| Amounts payable within one year | 42/48 | €499,391 | €337,771 | -€161,620 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €291,725 | €269,522 | -€22,203 | -7.6% |
| Trade debts | 44 | €21,527 | €29,043 | +€7,516 | +34.9% |
| Suppliers | 440/4 | €21,527 | €29,043 | +€7,516 | +34.9% |
| Taxes, remuneration and social security | 45 | €10,661 | €36,457 | +€25,795 | +242% |
| Taxes | 450/3 | €10,187 | €35,983 | +€25,795 | +253% |
| Remuneration and social security | 454/9 | €474 | €474 | = | 0.0% |
| Other amounts payable | 47/48 | €175,477 | €2,749 | -€172,728 | -98.4% |
| Accrued charges and deferred income | 492/3 | €18,503 | €25,605 | +€7,103 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429,605 | €243,238 | -€186,366 | -43.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,957 | - | +€1,957 | |
| Other operating charges | 640/8 | €85,748 | €24,051 | -€61,697 | -72.0% |
| Gross operating margin | 9900 | €1,506,568 | €829,198 | -€677,370 | -45.0% |
| Operating profit (loss) | 9901 | €993,173 | €561,909 | -€431,264 | -43.4% |
| Financial income | 75/76B | €149,331 | €141,355 | -€7,976 | -5.3% |
| Recurring financial income | 75 | €149,331 | €141,355 | -€7,976 | -5.3% |
| Financial charges | 65/66B | €90,485 | €58,157 | -€32,328 | -35.7% |
| Recurring financial charges | 65 | €90,485 | €58,157 | -€32,328 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €1,052,019 | €645,107 | -€406,912 | -38.7% |
| Income taxes | 67/77 | €275,137 | €163,099 | -€112,038 | -40.7% |
| Profit (loss) for the period | 9904 | €776,882 | €482,008 | -€294,873 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €776,882 | €482,008 | -€294,873 | -38.0% |
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 22 October 2026 via checked.be.