DESERT FOXX: 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 FOXX
Largest movements
- Tangible fixed assets -€161,504
down €161,504 (-26.2%), from €615,835 to €454,331
of which Furniture and vehicles: -€84,703
- Cash +€151,969
up €151,969 (+556%), from €27,309 to €179,278
mainly Trade debts (+€178,716) and Depreciation (+€158,378)
- Stocks and contracts +€50,168
up €50,168 (+29.6%), from €169,334 to €219,501
- Receivables within one year +€11,950
up €11,950 (+12.9%), from €92,856 to €104,806
of which Trade receivables: +€11,580
- Trade debts +€178,716
up €178,716 (+266%), from €67,119 to €245,835
- Debts after one year -€128,265
down €128,265 (-36.9%), from €347,962 to €219,698
of which Financial debts: -€124,247
- Reserves +€66,496
up €66,496 (+23.6%), from €281,476 to €347,972
of which Distributable reserves: +€66,496
- Short-term financial debts -€58,771
down €58,771 (-58.8%), from €100,000 to €41,229
of which Credit institutions: -€62,473
- Other debts -€17,192
down €17,192 (-56.0%), from €30,677 to €13,485
- Staff costs -€58,489
down €58,489 (-54.5%), from €107,261 to €48,772
- Gross operating margin -€28,265
down €28,265 (-7.6%), from €370,216 to €341,951
- Taxes +€12,558
up €12,558 (+69.7%), from €18,022 to €30,580
- Financial charges -€8,167
down €8,167 (-24.4%), from €33,469 to €25,302
- Depreciation -€7,366
down €7,366 (-4.4%), from €165,744 to €158,378
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 | €1,124,960 | €1,169,449 | +€44,488 | +4.0% |
| Fixed assets | 21/28 | €822,686 | €659,146 | -€163,540 | -19.9% |
| Intangible fixed assets | 21 | €4,895 | €3,159 | -€1,736 | -35.5% |
| Tangible fixed assets | 22/27 | €615,835 | €454,331 | -€161,504 | -26.2% |
| Land and buildings | 22 | €291,523 | €244,467 | -€47,056 | -16.1% |
| Plant, machinery and equipment | 23 | €76,484 | €46,740 | -€29,744 | -38.9% |
| Furniture and vehicles | 24 | €247,827 | €163,124 | -€84,703 | -34.2% |
| Financial fixed assets | 28 | €201,957 | €201,657 | -€300 | -0.1% |
| Current assets | 29/58 | €302,274 | €510,302 | +€208,028 | +68.8% |
| Stocks and contracts in progress | 3 | €169,334 | €219,501 | +€50,168 | +29.6% |
| Stocks | 30/36 | €169,334 | €219,501 | +€50,168 | +29.6% |
| Amounts receivable within one year | 40/41 | €92,856 | €104,806 | +€11,950 | +12.9% |
| Trade receivables | 40 | €88,763 | €100,343 | +€11,580 | +13.0% |
| Other amounts receivable | 41 | €4,094 | €4,464 | +€370 | +9.0% |
| Cash at bank and in hand | 54/58 | €27,309 | €179,278 | +€151,969 | +556% |
| Deferred charges and accrued income | 490/1 | €12,775 | €6,717 | -€6,058 | -47.4% |
| Total equity and liabilities | 10/49 | €1,124,960 | €1,169,449 | +€44,488 | +4.0% |
| Equity | 10/15 | €401,476 | €467,972 | +€66,496 | +16.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €281,476 | €347,972 | +€66,496 | +23.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,619 | €4,619 | = | 0.0% |
| Distributable reserves | 133 | €276,857 | €343,353 | +€66,496 | +24.0% |
| Amounts payable | 17/49 | €723,484 | €701,476 | -€22,008 | -3.0% |
| Amounts payable after more than one year | 17 | €347,962 | €219,698 | -€128,265 | -36.9% |
| Financial debts | 170/4 | €343,945 | €219,698 | -€124,247 | -36.1% |
| Other amounts payable | 178/9 | €4,017 | €0 | -€4,017 | -100% |
| Amounts payable within one year | 42/48 | €375,522 | €481,779 | +€106,256 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €130,060 | €126,765 | -€3,295 | -2.5% |
| Financial debts | 43 | €100,000 | €41,229 | -€58,771 | -58.8% |
| Credit institutions | 430/8 | €100,000 | €37,527 | -€62,473 | -62.5% |
| Other loans | 439 | - | €3,702 | +€3,702 | |
| Trade debts | 44 | €67,119 | €245,835 | +€178,716 | +266% |
| Suppliers | 440/4 | €67,119 | €245,835 | +€178,716 | +266% |
| Taxes, remuneration and social security | 45 | €47,667 | €54,466 | +€6,799 | +14.3% |
| Taxes | 450/3 | €43,174 | €42,588 | -€585 | -1.4% |
| Remuneration and social security | 454/9 | €4,493 | €11,877 | +€7,384 | +164% |
| Other amounts payable | 47/48 | €30,677 | €13,485 | -€17,192 | -56.0% |
| Non-recurring operating income | 76A | €1,880 | €115,376 | +€113,496 | +6,038% |
| Remuneration, social security and pensions | 62 | €107,261 | €48,772 | -€58,489 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,744 | €158,378 | -€7,366 | -4.4% |
| Other operating charges | 640/8 | €12,673 | €12,981 | +€309 | +2.4% |
| Gross operating margin | 9900 | €370,216 | €341,951 | -€28,265 | -7.6% |
| Operating profit (loss) | 9901 | €84,539 | €121,820 | +€37,281 | +44.1% |
| Financial income | 75/76B | €162 | €558 | +€396 | +245% |
| Recurring financial income | 75 | €162 | €558 | +€396 | +245% |
| Financial charges | 65/66B | €33,469 | €25,302 | -€8,167 | -24.4% |
| Recurring financial charges | 65 | €33,469 | €25,302 | -€8,167 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €51,232 | €97,076 | +€45,844 | +89.5% |
| Income taxes | 67/77 | €18,022 | €30,580 | +€12,558 | +69.7% |
| Profit (loss) for the period | 9904 | €33,210 | €66,496 | +€33,287 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €33,210 | €66,496 | +€33,287 | +100% |
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.