POXI: 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.
POXI
Largest movements
- Tangible fixed assets +€20,425
up €20,425 (+9.2%), from €221,380 to €241,805
of which Other tangible fixed assets: +€17,040
- Cash +€17,353
up €17,353 (+79.3%), from €21,874 to €39,227
mainly Net result for the year (+€91,090) and Tax, wage and social debts (+€12,797)
- Deferred charges and accrued income +€16,561
up €16,561 (+6,176%), from €268 to €16,829
- Receivables within one year +€12,042
up €12,042 (+55.8%), from €21,571 to €33,613
- Current investments +€10,100
up €10,100 (+2.0%), from €508,657 to €518,757
- Reserves +€91,090
up €91,090 (+17.4%), from €524,814 to €615,904
of which Distributable reserves: +€91,090
- Other debts -€22,426
down €22,426 (-61.5%), from €36,487 to €14,061
- Tax, wage and social debts +€12,797
up €12,797 (+119%), from €10,782 to €23,580
- Gross operating margin +€33,054
up €33,054 (+30.5%), from €108,256 to €141,310
- Taxes -€12,496
down €12,496 (-25.5%), from €48,986 to €36,490
- Financial income -€6,827
down €6,827 (-77.2%), from €8,840 to €2,013
- Financial charges -€2,363
down €2,363 (-55.0%), from €4,297 to €1,934
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 | €773,750 | €850,231 | +€76,481 | +9.9% |
| Fixed assets | 21/28 | €221,380 | €241,805 | +€20,425 | +9.2% |
| Tangible fixed assets | 22/27 | €221,380 | €241,805 | +€20,425 | +9.2% |
| Land and buildings | 22 | €128,619 | €120,437 | -€8,182 | -6.4% |
| Furniture and vehicles | 24 | €12,173 | €23,741 | +€11,567 | +95.0% |
| Other tangible fixed assets | 26 | €80,587 | €97,627 | +€17,040 | +21.1% |
| Current assets | 29/58 | €552,370 | €608,426 | +€56,056 | +10.1% |
| Amounts receivable within one year | 40/41 | €21,571 | €33,613 | +€12,042 | +55.8% |
| Other amounts receivable | 41 | €21,571 | €33,613 | +€12,042 | +55.8% |
| Current investments | 50/53 | €508,657 | €518,757 | +€10,100 | +2.0% |
| Cash at bank and in hand | 54/58 | €21,874 | €39,227 | +€17,353 | +79.3% |
| Deferred charges and accrued income | 490/1 | €268 | €16,829 | +€16,561 | +6,176% |
| Total equity and liabilities | 10/49 | €773,750 | €850,231 | +€76,481 | +9.9% |
| Equity | 10/15 | €715,878 | €806,968 | +€91,090 | +12.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €524,814 | €615,904 | +€91,090 | +17.4% |
| Tax-exempt reserves | 132 | €449 | €449 | = | 0.0% |
| Distributable reserves | 133 | €524,365 | €615,455 | +€91,090 | +17.4% |
| Profit (loss) carried forward | 14 | €171,064 | €171,064 | = | 0.0% |
| Amounts payable | 17/49 | €57,872 | €43,263 | -€14,609 | -25.2% |
| Amounts payable within one year | 42/48 | €50,503 | €41,155 | -€9,348 | -18.5% |
| Trade debts | 44 | €3,234 | €3,515 | +€281 | +8.7% |
| Suppliers | 440/4 | €3,234 | €3,515 | +€281 | +8.7% |
| Taxes, remuneration and social security | 45 | €10,782 | €23,580 | +€12,797 | +119% |
| Taxes | 450/3 | €10,782 | €23,580 | +€12,797 | +119% |
| Other amounts payable | 47/48 | €36,487 | €14,061 | -€22,426 | -61.5% |
| Accrued charges and deferred income | 492/3 | €7,369 | €2,108 | -€5,261 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,150 | €11,031 | -€120 | -1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,634 | €2,778 | +€145 | +5.5% |
| Gross operating margin | 9900 | €108,256 | €141,310 | +€33,054 | +30.5% |
| Operating profit (loss) | 9901 | €94,472 | €127,501 | +€33,029 | +35.0% |
| Financial income | 75/76B | €8,840 | €2,013 | -€6,827 | -77.2% |
| Recurring financial income | 75 | €8,840 | €2,013 | -€6,827 | -77.2% |
| Financial charges | 65/66B | €4,297 | €1,934 | -€2,363 | -55.0% |
| Recurring financial charges | 65 | €4,297 | €1,934 | -€2,363 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €99,015 | €127,580 | +€28,565 | +28.8% |
| Income taxes | 67/77 | €48,986 | €36,490 | -€12,496 | -25.5% |
| Profit (loss) for the period | 9904 | €50,030 | €91,090 | +€41,060 | +82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,030 | €91,090 | +€41,060 | +82.1% |
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 20 October 2026 via checked.be.