FOX CITY 2: 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 CITY 2
Largest movements
- Receivables within one year -€73,181
down €73,181 (-93.0%), from €78,705 to €5,524
of which Trade receivables: -€73,334
- Stocks and contracts +€44,370
up €44,370 (+29.6%), from €149,923 to €194,293
- Tangible fixed assets -€42,254
down €42,254 (-50.7%), from €83,339 to €41,085
of which Plant, machinery and equipment: -€26,536
- Cash -€36,366
down €36,366 (-55.9%), from €65,112 to €28,746
mainly Accrued charges and deferred income (-€50,000) and Stocks and contracts (-€44,370)
- Accrued charges and deferred income -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Other debts -€41,077
down €41,077 (-69.3%), from €59,308 to €18,232
- Current portion of long-term debt -€24,270
down €24,270 (-100%), from €24,270 to €0
- Trade debts +€17,514
up €17,514 (+17.2%), from €102,067 to €119,581
- Investment grants -€6,879
down €6,879 (-50.4%), from €13,636 to €6,757
- Staff costs +€12,946
up €12,946 (+14.5%), from €89,563 to €102,509
- Financial charges -€3,847
down €3,847 (-37.8%), from €10,166 to €6,318
- Depreciation -€2,688
down €2,688 (-6.0%), from €44,942 to €42,254
- Gross operating margin +€1,789
up €1,789 (+1.2%), from €151,496 to €153,285
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 | €378,172 | €270,741 | -€107,431 | -28.4% |
| Fixed assets | 21/28 | €84,432 | €42,178 | -€42,254 | -50.0% |
| Tangible fixed assets | 22/27 | €83,339 | €41,085 | -€42,254 | -50.7% |
| Plant, machinery and equipment | 23 | €52,689 | €26,153 | -€26,536 | -50.4% |
| Furniture and vehicles | 24 | €30,650 | €14,933 | -€15,718 | -51.3% |
| Financial fixed assets | 28 | €1,092 | €1,092 | = | 0.0% |
| Current assets | 29/58 | €293,740 | €228,563 | -€65,177 | -22.2% |
| Stocks and contracts in progress | 3 | €149,923 | €194,293 | +€44,370 | +29.6% |
| Stocks | 30/36 | €149,923 | €194,293 | +€44,370 | +29.6% |
| Amounts receivable within one year | 40/41 | €78,705 | €5,524 | -€73,181 | -93.0% |
| Trade receivables | 40 | €78,705 | €5,371 | -€73,334 | -93.2% |
| Other amounts receivable | 41 | - | €153 | +€153 | |
| Cash at bank and in hand | 54/58 | €65,112 | €28,746 | -€36,366 | -55.9% |
| Total equity and liabilities | 10/49 | €378,172 | €270,741 | -€107,431 | -28.4% |
| Equity | 10/15 | €35,726 | €30,037 | -€5,688 | -15.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,910 | -€1,719 | +€1,191 | +40.9% |
| Investment grants | 15 | €13,636 | €6,757 | -€6,879 | -50.4% |
| Amounts payable | 17/49 | €342,446 | €240,704 | -€101,742 | -29.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €242,446 | €190,704 | -€51,742 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €24,270 | €0 | -€24,270 | -100% |
| Trade debts | 44 | €102,067 | €119,581 | +€17,514 | +17.2% |
| Suppliers | 440/4 | €102,067 | €119,581 | +€17,514 | +17.2% |
| Taxes, remuneration and social security | 45 | €56,801 | €52,891 | -€3,910 | -6.9% |
| Taxes | 450/3 | €46,506 | €47,303 | +€797 | +1.7% |
| Remuneration and social security | 454/9 | €10,294 | €5,588 | -€4,706 | -45.7% |
| Other amounts payable | 47/48 | €59,308 | €18,232 | -€41,077 | -69.3% |
| Accrued charges and deferred income | 492/3 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Non-recurring operating income | 76A | €243 | €0 | -€243 | -100% |
| Remuneration, social security and pensions | 62 | €89,563 | €102,509 | +€12,946 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,942 | €42,254 | -€2,688 | -6.0% |
| Other operating charges | 640/8 | €8,824 | €9,143 | +€319 | +3.6% |
| Non-recurring operating charges | 66A | - | €310 | +€310 | |
| Gross operating margin | 9900 | €151,496 | €153,285 | +€1,789 | +1.2% |
| Operating profit (loss) | 9901 | €8,167 | -€931 | -€9,098 | |
| Financial income | 75/76B | €7,304 | €8,440 | +€1,136 | +15.6% |
| Recurring financial income | 75 | €7,304 | €8,440 | +€1,136 | +15.6% |
| Financial charges | 65/66B | €10,166 | €6,318 | -€3,847 | -37.8% |
| Recurring financial charges | 65 | €10,166 | €6,318 | -€3,847 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €5,305 | €1,191 | -€4,114 | -77.6% |
| Profit (loss) for the period | 9904 | €5,305 | €1,191 | -€4,114 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,305 | €1,191 | -€4,114 | -77.6% |
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 29 October 2026 via checked.be.