ANTIC FOX: what changed
ANTIC FOX
Largest movements
- Cash -€33,173
down €33,173 (-49.1%), from €67,587 to €34,413
mainly Investment in fixed assets (net) (-€31,574) and Contributions, distributions and other (-€29,415)
- Tangible fixed assets +€17,093
up €17,093 (+103%), from €16,520 to €33,612
of which Furniture and vehicles: +€17,701
- Receivables within one year -€3,770
down €3,770 (-27.7%), from €13,627 to €9,857
of which Other amounts receivable: -€3,109
- Reserves -€9,415
down €9,415 (-21.2%), from €44,396 to €34,981
- Other debts -€5,520
down €5,520 (-22.1%), from €25,000 to €19,480
- Tax, wage and social debts -€3,759
down €3,759 (-23.3%), from €16,101 to €12,341
- Current portion of long-term debt -€1,948
no longer reported in 2025 (was €1,948)
- Gross operating margin +€9,465
up €9,465 (+26.5%), from €35,706 to €45,170
- Depreciation +€6,378
up €6,378 (+78.7%), from €8,103 to €14,481
- Taxes +€1,132
up €1,132 (+15.1%), from €7,483 to €8,615
- Other operating charges +€558
up €558 (+30.3%), from €1,844 to €2,401
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,925 | €78,828 | -€20,097 | -20.3% |
| Fixed assets | 21/28 | €16,520 | €33,612 | +€17,093 | +103% |
| Tangible fixed assets | 22/27 | €16,520 | €33,612 | +€17,093 | +103% |
| Plant, machinery and equipment | 23 | - | €1,754 | +€1,754 | |
| Furniture and vehicles | 24 | €11,991 | €29,692 | +€17,701 | +148% |
| Other tangible fixed assets | 26 | €4,529 | €2,166 | -€2,363 | -52.2% |
| Current assets | 29/58 | €82,405 | €45,215 | -€37,189 | -45.1% |
| Amounts receivable within one year | 40/41 | €13,627 | €9,857 | -€3,770 | -27.7% |
| Trade receivables | 40 | €10,512 | €9,851 | -€661 | -6.3% |
| Other amounts receivable | 41 | €3,115 | €6 | -€3,109 | -99.8% |
| Cash at bank and in hand | 54/58 | €67,587 | €34,413 | -€33,173 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,191 | €945 | -€246 | -20.7% |
| Total equity and liabilities | 10/49 | €98,925 | €78,828 | -€20,097 | -20.3% |
| Equity | 10/15 | €54,047 | €44,355 | -€9,693 | -17.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €44,396 | €34,981 | -€9,415 | -21.2% |
| Distributable reserves | 133 | €44,396 | €34,981 | -€9,415 | -21.2% |
| Profit (loss) carried forward | 14 | €1,591 | €1,313 | -€278 | -17.5% |
| Amounts payable | 17/49 | €44,877 | €34,473 | -€10,404 | -23.2% |
| Amounts payable within one year | 42/48 | €44,877 | €34,473 | -€10,404 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €1,948 | - | -€1,948 | |
| Trade debts | 44 | €1,829 | €2,652 | +€823 | +45.0% |
| Suppliers | 440/4 | €1,829 | €2,652 | +€823 | +45.0% |
| Taxes, remuneration and social security | 45 | €16,101 | €12,341 | -€3,759 | -23.3% |
| Taxes | 450/3 | €16,101 | €12,341 | -€3,759 | -23.3% |
| Other amounts payable | 47/48 | €25,000 | €19,480 | -€5,520 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,103 | €14,481 | +€6,378 | +78.7% |
| Other operating charges | 640/8 | €1,844 | €2,401 | +€558 | +30.3% |
| Gross operating margin | 9900 | €35,706 | €45,170 | +€9,465 | +26.5% |
| Operating profit (loss) | 9901 | €25,759 | €28,288 | +€2,529 | +9.8% |
| Financial income | 75/76B | €318 | €214 | -€104 | -32.7% |
| Recurring financial income | 75 | €318 | €214 | -€104 | -32.7% |
| Financial charges | 65/66B | €288 | €165 | -€124 | -42.9% |
| Recurring financial charges | 65 | €288 | €165 | -€124 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €25,788 | €28,337 | +€2,549 | +9.9% |
| Income taxes | 67/77 | €7,483 | €8,615 | +€1,132 | +15.1% |
| Profit (loss) for the period | 9904 | €18,305 | €19,722 | +€1,417 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,305 | €19,722 | +€1,417 | +7.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.