Ferdinand Fox: 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.
Ferdinand Fox
Largest movements
- Receivables within one year +€14,846
up €14,846 (+8607.1%), from €172 to €15,018
- Tangible fixed assets +€6,427
up €6,427 (+144.9%), from €4,437 to €10,864
of which Plant, machinery and equipment: +€8,302
- Cash +€602
up €602 (+42.3%), from €1,423 to €2,025
mainly Other debts (+€43,869) and Trade debts (+€18,046)
- Other debts +€43,869
up €43,869 (+218.2%), from €20,107 to €63,975
- Profit (loss) carried forward -€38,465
down €38,465 (-147.8%), from -€26,020 to -€64,485
- Trade debts +€18,046
up €18,046 (+469.3%), from €3,845 to €21,891
- Tax, wage and social debts -€1,505
down €1,505 (-28.8%), from €5,232 to €3,727
of which Taxes: -€1,505
- Gross operating margin -€22,999
down €22,999 (-217.1%), from -€10,596 to -€33,596
- Other operating charges -€903
down €903 (-82.3%), from €1,097 to €194
- Depreciation +€881
up €881 (+42.0%), from €2,097 to €2,977
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 | €8,164 | €30,109 | +€21,945 | +268.8% |
| Fixed assets | 21/28 | €4,437 | €10,864 | +€6,427 | +144.9% |
| Tangible fixed assets | 22/27 | €4,437 | €10,864 | +€6,427 | +144.9% |
| Plant, machinery and equipment | 23 | €2,562 | €10,864 | +€8,302 | +324.0% |
| Furniture and vehicles | 24 | €1,875 | €0 | -€1,875 | -100.0% |
| Current assets | 29/58 | €3,727 | €19,244 | +€15,517 | +416.4% |
| Amounts receivable within one year | 40/41 | €172 | €15,018 | +€14,846 | +8607.1% |
| Trade receivables | 40 | €172 | €15,018 | +€14,846 | +8607.1% |
| Cash at bank and in hand | 54/58 | €1,423 | €2,025 | +€602 | +42.3% |
| Deferred charges and accrued income | 490/1 | €2,132 | €2,201 | +€69 | +3.3% |
| Total equity and liabilities | 10/49 | €8,164 | €30,109 | +€21,945 | +268.8% |
| Equity | 10/15 | -€21,020 | -€59,485 | -€38,465 | -183.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,020 | -€64,485 | -€38,465 | -147.8% |
| Amounts payable | 17/49 | €29,184 | €89,594 | +€60,410 | +207.0% |
| Amounts payable within one year | 42/48 | €29,184 | €89,594 | +€60,410 | +207.0% |
| Trade debts | 44 | €3,845 | €21,891 | +€18,046 | +469.3% |
| Suppliers | 440/4 | €3,845 | €21,891 | +€18,046 | +469.3% |
| Taxes, remuneration and social security | 45 | €5,232 | €3,727 | -€1,505 | -28.8% |
| Taxes | 450/3 | €5,232 | €3,727 | -€1,505 | -28.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,107 | €63,975 | +€43,869 | +218.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,097 | €2,977 | +€881 | +42.0% |
| Other operating charges | 640/8 | €1,097 | €194 | -€903 | -82.3% |
| Gross operating margin | 9900 | -€10,596 | -€33,596 | -€22,999 | -217.1% |
| Operating profit (loss) | 9901 | -€13,790 | -€36,767 | -€22,977 | -166.6% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,912 | €1,702 | -€210 | -11.0% |
| Recurring financial charges | 65 | €1,912 | €1,702 | -€210 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,702 | -€38,465 | -€22,763 | -145.0% |
| Income taxes | 67/77 | €185 | €0 | -€185 | -100.0% |
| Profit (loss) for the period | 9904 | -€15,887 | -€38,465 | -€22,578 | -142.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,887 | -€38,465 | -€22,578 | -142.1% |
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.