ROXY: what changed
Two fiscal 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.
ROXY
Largest movements
- Intangible fixed assets -€13,714
down €13,714 (-70.6%), from €19,429 to €5,714
- Cash -€6,659
down €6,659 (-17.1%), from €38,990 to €32,331
mainly Trade debts (-€12,765) and Contributions, distributions and other (-€10,000)
- Receivables within one year +€3,799
up €3,799 (+22.8%), from €16,648 to €20,447
of which Other amounts receivable: +€5,913
- Tangible fixed assets +€3,497
up €3,497 (+323.0%), from €1,082 to €4,579
of which Furniture and vehicles: +€2,442
- Stocks and contracts -€1,650
down €1,650 (-21.0%), from €7,850 to €6,200
- Trade debts -€12,765
down €12,765 (-65.6%), from €19,446 to €6,681
- Profit (loss) carried forward -€8,306
down €8,306 (-21.3%), from €38,930 to €30,623
- Other debts +€7,816
up €7,816 (+1142.1%), from €684 to €8,500
- Tax, wage and social debts -€1,472
down €1,472 (-5.8%), from €25,231 to €23,758
of which Remuneration and social security: -€3,776
- Staff costs -€30,399
down €30,399 (-17.9%), from €170,256 to €139,858
- Gross operating margin -€24,236
down €24,236 (-12.9%), from €188,071 to €163,835
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.
Cash bridge derived
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 | €85,291 | €70,563 | -€14,728 | -17.3% |
| Fixed assets | 21/28 | €21,803 | €11,585 | -€10,218 | -46.9% |
| Intangible fixed assets | 21 | €19,429 | €5,714 | -€13,714 | -70.6% |
| Tangible fixed assets | 22/27 | €1,082 | €4,579 | +€3,497 | +323.0% |
| Plant, machinery and equipment | 23 | €539 | €1,593 | +€1,054 | +195.7% |
| Furniture and vehicles | 24 | €544 | €2,986 | +€2,442 | +449.2% |
| Financial fixed assets | 28 | €1,292 | €1,292 | = | 0.0% |
| Current assets | 29/58 | €63,488 | €58,978 | -€4,510 | -7.1% |
| Stocks and contracts in progress | 3 | €7,850 | €6,200 | -€1,650 | -21.0% |
| Stocks | 30/36 | €7,850 | €6,200 | -€1,650 | -21.0% |
| Amounts receivable within one year | 40/41 | €16,648 | €20,447 | +€3,799 | +22.8% |
| Trade receivables | 40 | €8,376 | €6,262 | -€2,114 | -25.2% |
| Other amounts receivable | 41 | €8,272 | €14,185 | +€5,913 | +71.5% |
| Cash at bank and in hand | 54/58 | €38,990 | €32,331 | -€6,659 | -17.1% |
| Total equity and liabilities | 10/49 | €85,291 | €70,563 | -€14,728 | -17.3% |
| Equity | 10/15 | €39,930 | €31,623 | -€8,306 | -20.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,930 | €30,623 | -€8,306 | -21.3% |
| Amounts payable | 17/49 | €45,361 | €38,940 | -€6,421 | -14.2% |
| Amounts payable within one year | 42/48 | €45,361 | €38,940 | -€6,421 | -14.2% |
| Trade debts | 44 | €19,446 | €6,681 | -€12,765 | -65.6% |
| Suppliers | 440/4 | €19,446 | €6,681 | -€12,765 | -65.6% |
| Taxes, remuneration and social security | 45 | €25,231 | €23,758 | -€1,472 | -5.8% |
| Taxes | 450/3 | €4,714 | €7,017 | +€2,303 | +48.9% |
| Remuneration and social security | 454/9 | €20,517 | €16,741 | -€3,776 | -18.4% |
| Other amounts payable | 47/48 | €684 | €8,500 | +€7,816 | +1142.1% |
| Remuneration, social security and pensions | 62 | €170,256 | €139,858 | -€30,399 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,222 | €14,907 | -€1,315 | -8.1% |
| Other operating charges | 640/8 | €3,593 | €4,258 | +€665 | +18.5% |
| Gross operating margin | 9900 | €188,071 | €163,835 | -€24,236 | -12.9% |
| Operating profit (loss) | 9901 | -€2,001 | €4,812 | +€6,813 | |
| Financial income | 75/76B | €151 | €21 | -€130 | -86.1% |
| Recurring financial income | 75 | €151 | €21 | -€130 | -86.1% |
| Financial charges | 65/66B | €1,333 | €1,129 | -€204 | -15.3% |
| Recurring financial charges | 65 | €1,333 | €1,129 | -€204 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,182 | €3,705 | +€6,887 | |
| Income taxes | 67/77 | €728 | €2,011 | +€1,283 | +176.3% |
| Profit (loss) for the period | 9904 | -€3,910 | €1,694 | +€5,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,910 | €1,694 | +€5,604 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.