FOX Capital: 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 Capital
Largest movements
- Tangible fixed assets -€43,128
down €43,128 (-4.6%), from €932,719 to €889,591
of which Land and buildings: -€38,686
- Debts after one year -€34,236
down €34,236 (-5.8%), from €592,589 to €558,353
of which Financial debts: -€34,236
- Profit (loss) carried forward -€32,666
down €32,666 (-19.9%), from -€164,147 to -€196,813
- Other debts +€18,000
up €18,000 (+4.3%), from €415,141 to €433,141
- Gross operating margin -€138,363
down €138,363 (-80.8%), from €171,248 to €32,885
- Financial charges -€18,119
down €18,119 (-69.1%), from €26,212 to €8,093
- Other operating charges +€10,815
up €10,815 (+307.7%), from €3,515 to €14,330
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 | €942,015 | €892,266 | -€49,749 | -5.3% |
| Fixed assets | 21/28 | €932,719 | €889,591 | -€43,128 | -4.6% |
| Tangible fixed assets | 22/27 | €932,719 | €889,591 | -€43,128 | -4.6% |
| Land and buildings | 22 | €917,469 | €878,783 | -€38,686 | -4.2% |
| Furniture and vehicles | 24 | €15,250 | €10,808 | -€4,442 | -29.1% |
| Current assets | 29/58 | €9,296 | €2,676 | -€6,621 | -71.2% |
| Cash at bank and in hand | 54/58 | €9,127 | €2,479 | -€6,649 | -72.8% |
| Deferred charges and accrued income | 490/1 | €169 | €197 | +€28 | +16.5% |
| Total equity and liabilities | 10/49 | €942,015 | €892,266 | -€49,749 | -5.3% |
| Equity | 10/15 | -€101,147 | -€133,813 | -€32,666 | -32.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | - | -€63,000 | |
| Issued capital | 100 | €63,000 | - | -€63,000 | |
| Profit (loss) carried forward | 14 | -€164,147 | -€196,813 | -€32,666 | -19.9% |
| Amounts payable | 17/49 | €1,043,162 | €1,026,079 | -€17,082 | -1.6% |
| Amounts payable after more than one year | 17 | €592,589 | €558,353 | -€34,236 | -5.8% |
| Financial debts | 170/4 | €584,882 | €550,646 | -€34,236 | -5.9% |
| Other amounts payable | 178/9 | €7,708 | €7,708 | = | 0.0% |
| Amounts payable within one year | 42/48 | €448,823 | €465,680 | +€16,857 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €30,781 | €32,177 | +€1,396 | +4.5% |
| Trade debts | 44 | €2,900 | €362 | -€2,539 | -87.5% |
| Suppliers | 440/4 | €2,900 | €362 | -€2,539 | -87.5% |
| Other amounts payable | 47/48 | €415,141 | €433,141 | +€18,000 | +4.3% |
| Accrued charges and deferred income | 492/3 | €1,750 | €2,046 | +€296 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,005 | €43,128 | +€1,124 | +2.7% |
| Other operating charges | 640/8 | €3,515 | €14,330 | +€10,815 | +307.7% |
| Gross operating margin | 9900 | €171,248 | €32,885 | -€138,363 | -80.8% |
| Operating profit (loss) | 9901 | €125,728 | -€24,573 | -€150,301 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €26,212 | €8,093 | -€18,119 | -69.1% |
| Recurring financial charges | 65 | €26,212 | €8,093 | -€18,119 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €99,516 | -€32,666 | -€132,182 | |
| Profit (loss) for the period | 9904 | €99,516 | -€32,666 | -€132,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,516 | -€32,666 | -€132,182 |
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 10 October 2026 via checked.be.