Flemish Fox: 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.
Flemish Fox
Largest movements
- Cash +€42,635
up €42,635 (+199%), from €21,371 to €64,005
mainly Net result for the year (+€37,082) and Receivables within one year (+€6,333)
- Receivables within one year -€6,333
down €6,333 (-25.6%), from €24,764 to €18,430
of which Other amounts receivable: -€9,443
- Tangible fixed assets -€1,720
down €1,720 (-31.9%), from €5,388 to €3,667
of which Furniture and vehicles: -€1,589
- Deferred charges and accrued income +€1,207
up €1,207 (+64.8%), from €1,861 to €3,067
- Reserves +€37,082
up €37,082 (+81.3%), from €45,609 to €82,691
- Gross operating margin +€52,645
up €52,645, from -€145 to €52,500
- Taxes +€10,629
up €10,629 (+5,979%), from €178 to €10,807
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 | €53,383 | €89,171 | +€35,787 | +67.0% |
| Fixed assets | 21/28 | €5,388 | €3,667 | -€1,720 | -31.9% |
| Tangible fixed assets | 22/27 | €5,388 | €3,667 | -€1,720 | -31.9% |
| Furniture and vehicles | 24 | €4,149 | €2,560 | -€1,589 | -38.3% |
| Other tangible fixed assets | 26 | €1,239 | €1,107 | -€132 | -10.6% |
| Current assets | 29/58 | €47,995 | €85,503 | +€37,508 | +78.1% |
| Amounts receivable within one year | 40/41 | €24,764 | €18,430 | -€6,333 | -25.6% |
| Trade receivables | 40 | €14,690 | €17,799 | +€3,109 | +21.2% |
| Other amounts receivable | 41 | €10,074 | €631 | -€9,443 | -93.7% |
| Cash at bank and in hand | 54/58 | €21,371 | €64,005 | +€42,635 | +199% |
| Deferred charges and accrued income | 490/1 | €1,861 | €3,067 | +€1,207 | +64.8% |
| Total equity and liabilities | 10/49 | €53,383 | €89,171 | +€35,787 | +67.0% |
| Equity | 10/15 | €48,609 | €85,691 | +€37,082 | +76.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,609 | €82,691 | +€37,082 | +81.3% |
| Distributable reserves | 133 | €45,609 | €82,691 | +€37,082 | +81.3% |
| Amounts payable | 17/49 | €4,774 | €3,479 | -€1,294 | -27.1% |
| Amounts payable within one year | 42/48 | €4,774 | €3,479 | -€1,294 | -27.1% |
| Trade debts | 44 | €2,933 | €2,172 | -€761 | -25.9% |
| Suppliers | 440/4 | €2,933 | €2,172 | -€761 | -25.9% |
| Taxes, remuneration and social security | 45 | €1,841 | €1,307 | -€533 | -29.0% |
| Taxes | 450/3 | €1,841 | €1,307 | -€533 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,669 | €1,720 | +€52 | +3.1% |
| Other operating charges | 640/8 | €775 | €707 | -€69 | -8.9% |
| Gross operating margin | 9900 | -€145 | €52,500 | +€52,645 | |
| Operating profit (loss) | 9901 | -€2,589 | €50,073 | +€52,662 | |
| Financial income | 75/76B | €51 | €14 | -€37 | -72.5% |
| Recurring financial income | 75 | €51 | €14 | -€37 | -72.5% |
| Financial charges | 65/66B | €2,384 | €2,198 | -€186 | -7.8% |
| Recurring financial charges | 65 | €2,384 | €2,198 | -€186 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,923 | €47,889 | +€52,812 | |
| Income taxes | 67/77 | €178 | €10,807 | +€10,629 | +5,979% |
| Profit (loss) for the period | 9904 | -€5,100 | €37,082 | +€42,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,100 | €37,082 | +€42,182 |
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 14 October 2026 via checked.be.