Fox and Mill: 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.
Fox and Mill
Largest movements
- Receivables after one year +€1.8m
new in 2025: €1.8m
- Financial fixed assets -€1.3m
down €1.3m (-89.4%), from €1.4m to €148,000
- Receivables within one year +€49,858
up €49,858 (+271%), from €18,420 to €68,278
of which Other amounts receivable: +€58,933
- Reserves +€553,539
up €553,539 (+543%), from €101,855 to €655,395
- Other debts +€31,471
up €31,471 (+104,973%), from €30 to €31,501
- Financial income +€610,433
up €610,433, from €0 to €610,433
- Gross operating margin +€3,202
up €3,202 (+5.5%), from €57,848 to €61,051
- Taxes +€961
up €961 (+6.5%), from €14,730 to €15,692
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 | €1,459,849 | €2,043,203 | +€583,354 | +40.0% |
| Fixed assets | 21/28 | €1,398,000 | €148,000 | -€1.3m | -89.4% |
| Financial fixed assets | 28 | €1,398,000 | €148,000 | -€1.3m | -89.4% |
| Current assets | 29/58 | €61,849 | €1,895,203 | +€1.8m | +2,964% |
| Amounts receivable after more than one year | 29 | - | €1,801,500 | +€1.8m | |
| Other amounts receivable | 291 | - | €1,801,500 | +€1.8m | |
| Amounts receivable within one year | 40/41 | €18,420 | €68,278 | +€49,858 | +271% |
| Trade receivables | 40 | €18,150 | €9,075 | -€9,075 | -50.0% |
| Other amounts receivable | 41 | €270 | €59,203 | +€58,933 | +21,862% |
| Cash at bank and in hand | 54/58 | €43,429 | €25,425 | -€18,004 | -41.5% |
| Total equity and liabilities | 10/49 | €1,459,849 | €2,043,203 | +€583,354 | +40.0% |
| Equity | 10/15 | €121,855 | €675,395 | +€553,539 | +454% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €101,855 | €655,395 | +€553,539 | +543% |
| Distributable reserves | 133 | €101,855 | €655,395 | +€553,539 | +543% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,337,993 | €1,367,808 | +€29,815 | +2.2% |
| Amounts payable after more than one year | 17 | €1,328,348 | €1,328,348 | = | 0.0% |
| Financial debts | 170/4 | €1,328,348 | €1,328,348 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,645 | €39,460 | +€29,815 | +309% |
| Trade debts | 44 | €257 | €2,404 | +€2,147 | +835% |
| Suppliers | 440/4 | €257 | €2,404 | +€2,147 | +835% |
| Taxes, remuneration and social security | 45 | €9,358 | €5,555 | -€3,803 | -40.6% |
| Taxes | 450/3 | €4,873 | €5,555 | +€682 | +14.0% |
| Remuneration and social security | 454/9 | €4,485 | €0 | -€4,485 | -100% |
| Other amounts payable | 47/48 | €30 | €31,501 | +€31,471 | +104,973% |
| Other operating charges | 640/8 | €0 | €254 | +€254 | |
| Gross operating margin | 9900 | €57,848 | €61,051 | +€3,202 | +5.5% |
| Operating profit (loss) | 9901 | €57,848 | €60,797 | +€2,948 | +5.1% |
| Financial income | 75/76B | €0 | €610,433 | +€610,433 | |
| Recurring financial income | 75 | €0 | €610,433 | +€610,433 | |
| Financial charges | 65/66B | €142 | €143 | +€2 | +1.2% |
| Recurring financial charges | 65 | €142 | €143 | +€2 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €57,707 | €671,087 | +€613,380 | +1,063% |
| Income taxes | 67/77 | €14,730 | €15,692 | +€961 | +6.5% |
| Profit (loss) for the period | 9904 | €42,976 | €655,395 | +€612,419 | +1,425% |
| Profit (loss) for the period to be appropriated | 9905 | €42,976 | €655,395 | +€612,419 | +1,425% |
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 26 October 2026 via checked.be.