Fox Belgium: what changed
Fox Belgium
Largest movements
- Cash +€29,590
up €29,590 (+311%), from €9,516 to €39,106
mainly Receivables within one year (+€28,497) and Net result for the year (+€21,253)
- Receivables within one year -€28,497
down €28,497 (-49.5%), from €57,543 to €29,046
of which Trade receivables: -€27,431
- Stocks and contracts -€12,150
no longer reported in 2025 (was €12,150)
- Debts after one year -€25,000
down €25,000 (-20.6%), from €121,492 to €96,492
- Profit (loss) carried forward +€21,253
up €21,253 (+33.4%), from -€63,598 to -€42,345
- Provisions +€12,000
up €12,000 (+17.4%), from €69,000 to €81,000
- Tax, wage and social debts -€9,223
down €9,223 (-89.0%), from €10,364 to €1,141
of which Remuneration and social security: -€5,913
- Accrued charges and deferred income -€8,695
down €8,695 (-89.3%), from €9,738 to €1,043
- Staff costs -€21,517
down €21,517 (-33.1%), from €65,053 to €43,536
- Gross operating margin -€17,300
down €17,300 (-13.7%), from €126,352 to €109,052
- Depreciation -€7,580
down €7,580 (-41.9%), from €18,098 to €10,518
- Taxes +€2,453
up €2,453 (+47.6%), from €5,154 to €7,607
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,187 | €576,412 | -€12,775 | -2.2% |
| Fixed assets | 21/28 | €509,978 | €508,260 | -€1,718 | -0.3% |
| Tangible fixed assets | 22/27 | €509,978 | €508,260 | -€1,718 | -0.3% |
| Land and buildings | 22 | €503,931 | €497,695 | -€6,236 | -1.2% |
| Plant, machinery and equipment | 23 | €766 | - | -€766 | |
| Furniture and vehicles | 24 | €5,281 | €10,565 | +€5,284 | +100% |
| Current assets | 29/58 | €79,209 | €68,152 | -€11,057 | -14.0% |
| Stocks and contracts in progress | 3 | €12,150 | - | -€12,150 | |
| Contracts in progress | 37 | €12,150 | - | -€12,150 | |
| Amounts receivable within one year | 40/41 | €57,543 | €29,046 | -€28,497 | -49.5% |
| Trade receivables | 40 | €50,197 | €22,766 | -€27,431 | -54.6% |
| Other amounts receivable | 41 | €7,346 | €6,280 | -€1,066 | -14.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,516 | €39,106 | +€29,590 | +311% |
| Total equity and liabilities | 10/49 | €589,187 | €576,412 | -€12,775 | -2.2% |
| Equity | 10/15 | €310,667 | €331,920 | +€21,253 | +6.8% |
| Contributions | 10/11 | €163,555 | €163,555 | = | 0.0% |
| Capital | 10 | €163,555 | €163,555 | = | 0.0% |
| Issued capital | 100 | €163,555 | €163,555 | = | 0.0% |
| Revaluation surpluses | 12 | €210,710 | €210,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,598 | -€42,345 | +€21,253 | +33.4% |
| Provisions and deferred taxes | 16 | €69,000 | €81,000 | +€12,000 | +17.4% |
| Provisions for liabilities and charges | 160/5 | €69,000 | €81,000 | +€12,000 | +17.4% |
| Environmental obligations | 163 | €69,000 | €81,000 | +€12,000 | +17.4% |
| Amounts payable | 17/49 | €209,520 | €163,492 | -€46,028 | -22.0% |
| Amounts payable after more than one year | 17 | €121,492 | €96,492 | -€25,000 | -20.6% |
| Other amounts payable | 178/9 | €121,492 | €96,492 | -€25,000 | -20.6% |
| Amounts payable within one year | 42/48 | €78,290 | €65,957 | -€12,333 | -15.8% |
| Trade debts | 44 | €6,481 | €5,224 | -€1,257 | -19.4% |
| Suppliers | 440/4 | €6,481 | €5,224 | -€1,257 | -19.4% |
| Taxes, remuneration and social security | 45 | €10,364 | €1,141 | -€9,223 | -89.0% |
| Taxes | 450/3 | €4,451 | €1,141 | -€3,310 | -74.4% |
| Remuneration and social security | 454/9 | €5,913 | - | -€5,913 | |
| Other amounts payable | 47/48 | €61,445 | €59,592 | -€1,853 | -3.0% |
| Accrued charges and deferred income | 492/3 | €9,738 | €1,043 | -€8,695 | -89.3% |
| Remuneration, social security and pensions | 62 | €65,053 | €43,536 | -€21,517 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,098 | €10,518 | -€7,580 | -41.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,000 | €12,000 | = | 0.0% |
| Other operating charges | 640/8 | €9,163 | €9,402 | +€239 | +2.6% |
| Gross operating margin | 9900 | €126,352 | €109,052 | -€17,300 | -13.7% |
| Operating profit (loss) | 9901 | €22,038 | €33,596 | +€11,558 | +52.4% |
| Financial charges | 65/66B | €3,855 | €4,736 | +€881 | +22.9% |
| Recurring financial charges | 65 | €3,855 | €4,736 | +€881 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €18,183 | €28,860 | +€10,677 | +58.7% |
| Income taxes | 67/77 | €5,154 | €7,607 | +€2,453 | +47.6% |
| Profit (loss) for the period | 9904 | €13,029 | €21,253 | +€8,224 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,029 | €21,253 | +€8,224 | +63.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.