Desert Fox Management: 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.
Desert Fox Management
Largest movements
- Receivables within one year +€16,718
up €16,718 (+10,320%), from €162 to €16,880
of which Trade receivables: +€16,880
- Cash +€10,875
up €10,875 (+18.6%), from €58,567 to €69,442
mainly Net result for the year (+€29,594) and Tax, wage and social debts (+€5,950)
- Financial fixed assets +€5,000
new in 2025: €5,000
- Profit (loss) carried forward +€29,594
up €29,594 (+81.3%), from €36,382 to €65,976
- Tax, wage and social debts +€5,950
up €5,950 (+40.7%), from €14,611 to €20,561
of which Taxes: +€5,932
- Trade debts -€3,340
down €3,340 (-68.0%), from €4,914 to €1,574
- Gross operating margin -€10,506
down €10,506 (-20.7%), from €50,843 to €40,337
- Financial charges -€2,111
down €2,111 (-56.5%), from €3,738 to €1,627
- Taxes -€1,332
down €1,332 (-13.7%), from €9,700 to €8,368
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 | €59,036 | €92,153 | +€33,117 | +56.1% |
| Fixed assets | 21/28 | - | €5,000 | +€5,000 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €59,036 | €87,153 | +€28,117 | +47.6% |
| Amounts receivable within one year | 40/41 | €162 | €16,880 | +€16,718 | +10,320% |
| Trade receivables | 40 | - | €16,880 | +€16,880 | |
| Other amounts receivable | 41 | €162 | - | -€162 | |
| Cash at bank and in hand | 54/58 | €58,567 | €69,442 | +€10,875 | +18.6% |
| Deferred charges and accrued income | 490/1 | €307 | €831 | +€524 | +171% |
| Total equity and liabilities | 10/49 | €59,036 | €92,153 | +€33,117 | +56.1% |
| Equity | 10/15 | €37,382 | €66,976 | +€29,594 | +79.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,382 | €65,976 | +€29,594 | +81.3% |
| Amounts payable | 17/49 | €21,654 | €25,177 | +€3,523 | +16.3% |
| Amounts payable within one year | 42/48 | €21,654 | €24,381 | +€2,727 | +12.6% |
| Trade debts | 44 | €4,914 | €1,574 | -€3,340 | -68.0% |
| Suppliers | 440/4 | €4,914 | €1,574 | -€3,340 | -68.0% |
| Taxes, remuneration and social security | 45 | €14,611 | €20,561 | +€5,950 | +40.7% |
| Taxes | 450/3 | €10,714 | €16,646 | +€5,932 | +55.4% |
| Remuneration and social security | 454/9 | €3,897 | €3,915 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €2,129 | €2,246 | +€117 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €796 | +€796 | |
| Other operating charges | 640/8 | €1,023 | €748 | -€275 | -26.9% |
| Gross operating margin | 9900 | €50,843 | €40,337 | -€10,506 | -20.7% |
| Operating profit (loss) | 9901 | €49,820 | €39,589 | -€10,231 | -20.5% |
| Financial charges | 65/66B | €3,738 | €1,627 | -€2,111 | -56.5% |
| Recurring financial charges | 65 | €3,738 | €1,627 | -€2,111 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €46,082 | €37,962 | -€8,120 | -17.6% |
| Income taxes | 67/77 | €9,700 | €8,368 | -€1,332 | -13.7% |
| Profit (loss) for the period | 9904 | €36,382 | €29,594 | -€6,788 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,382 | €29,594 | -€6,788 | -18.7% |
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.