Nboxx: 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.
Nboxx
Largest movements
- Tangible fixed assets +€312,275
up €312,275 (+706%), from €44,251 to €356,526
of which Land and buildings: +€323,742
- Cash -€285,849
down €285,849 (-84.0%), from €340,292 to €54,443
mainly Investment in fixed assets (net) (-€339,646) and Advances received (-€45,506)
- Deferred charges and accrued income -€10,614
down €10,614 (-73.8%), from €14,375 to €3,761
- Receivables within one year -€7,327
down €7,327 (-34.8%), from €21,032 to €13,705
of which Trade receivables: -€5,530
- Advances received -€45,506
down €45,506 (-90.3%), from €50,391 to €4,885
- Debts after one year +€28,913
up €28,913 (+11.0%), from €262,004 to €290,917
of which Financial debts: +€100,413
- Other debts +€27,005
up €27,005 (+149%), from €18,135 to €45,140
- Current portion of long-term debt +€6,774
up €6,774 (+89.2%), from €7,598 to €14,371
- Trade debts -€6,308
down €6,308 (-76.8%), from €8,214 to €1,906
- Depreciation +€15,607
up €15,607 (+133%), from €11,764 to €27,371
- Taxes -€6,919
down €6,919 (-97.6%), from €7,089 to €170
- Financial charges +€4,939
up €4,939 (+182%), from €2,712 to €7,650
- Gross operating margin -€1,982
down €1,982 (-5.0%), from €39,507 to €37,524
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,950 | €428,435 | +€8,486 | +2.0% |
| Fixed assets | 21/28 | €44,251 | €356,526 | +€312,275 | +706% |
| Tangible fixed assets | 22/27 | €44,251 | €356,526 | +€312,275 | +706% |
| Land and buildings | 22 | - | €323,742 | +€323,742 | |
| Plant, machinery and equipment | 23 | €2,536 | €2,104 | -€432 | -17.0% |
| Furniture and vehicles | 24 | €41,715 | €30,680 | -€11,035 | -26.5% |
| Current assets | 29/58 | €375,698 | €71,909 | -€303,790 | -80.9% |
| Amounts receivable within one year | 40/41 | €21,032 | €13,705 | -€7,327 | -34.8% |
| Trade receivables | 40 | €16,504 | €10,974 | -€5,530 | -33.5% |
| Other amounts receivable | 41 | €4,528 | €2,731 | -€1,797 | -39.7% |
| Cash at bank and in hand | 54/58 | €340,292 | €54,443 | -€285,849 | -84.0% |
| Deferred charges and accrued income | 490/1 | €14,375 | €3,761 | -€10,614 | -73.8% |
| Total equity and liabilities | 10/49 | €419,950 | €428,435 | +€8,486 | +2.0% |
| Equity | 10/15 | €68,968 | €69,833 | +€865 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,368 | €50,368 | = | 0.0% |
| Distributable reserves | 133 | €50,368 | €50,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €865 | +€865 | |
| Amounts payable | 17/49 | €350,982 | €358,602 | +€7,620 | +2.2% |
| Amounts payable after more than one year | 17 | €262,004 | €290,917 | +€28,913 | +11.0% |
| Financial debts | 170/4 | €12,004 | €112,417 | +€100,413 | +836% |
| Other amounts payable | 178/9 | €250,000 | €178,500 | -€71,500 | -28.6% |
| Amounts payable within one year | 42/48 | €88,978 | €67,684 | -€21,293 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €7,598 | €14,371 | +€6,774 | +89.2% |
| Trade debts | 44 | €8,214 | €1,906 | -€6,308 | -76.8% |
| Suppliers | 440/4 | €8,214 | €1,906 | -€6,308 | -76.8% |
| Advances received on contracts in progress | 46 | €50,391 | €4,885 | -€45,506 | -90.3% |
| Taxes, remuneration and social security | 45 | €4,641 | €1,382 | -€3,258 | -70.2% |
| Taxes | 450/3 | €2,269 | €1,382 | -€887 | -39.1% |
| Remuneration and social security | 454/9 | €2,371 | €0 | -€2,371 | -100% |
| Other amounts payable | 47/48 | €18,135 | €45,140 | +€27,005 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,764 | €27,371 | +€15,607 | +133% |
| Other operating charges | 640/8 | €557 | €635 | +€78 | +14.0% |
| Gross operating margin | 9900 | €39,507 | €37,524 | -€1,982 | -5.0% |
| Operating profit (loss) | 9901 | €27,185 | €9,519 | -€17,667 | -65.0% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €2,712 | €7,650 | +€4,939 | +182% |
| Recurring financial charges | 65 | €2,712 | €7,650 | +€4,939 | +182% |
| Profit (loss) for the period before taxes | 9903 | €24,480 | €1,868 | -€22,612 | -92.4% |
| Income taxes | 67/77 | €7,089 | €170 | -€6,919 | -97.6% |
| Profit (loss) for the period | 9904 | €17,391 | €1,698 | -€15,693 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,391 | €1,698 | -€15,693 | -90.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.