Fox Finance: 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 Finance
Largest movements
- Tangible fixed assets +€76,339
up €76,339 (+12.3%), from €618,671 to €695,011
of which Other tangible fixed assets: +€397,549
- Receivables after one year +€23,534
up €23,534 (+8.1%), from €289,044 to €312,578
- Receivables within one year -€13,434
down €13,434 (-29.0%), from €46,341 to €32,907
- Deferred charges and accrued income -€11,938
no longer reported in 2025 (was €11,938)
- Reserves +€168,944
up €168,944 (+138%), from €122,111 to €291,055
of which Distributable reserves: +€168,944
- Debts after one year -€92,377
down €92,377 (-12.2%), from €755,864 to €663,487
of which Other amounts payable: -€97,500
- Trade debts -€11,418
down €11,418 (-47.3%), from €24,129 to €12,712
- Gross operating margin +€151,459
up €151,459 (+176%), from €86,214 to €237,672
- Financial charges +€8,950
up €8,950 (+32.9%), from €27,177 to €36,127
- Depreciation +€4,906
up €4,906 (+33.7%), from €14,541 to €19,447
- Financial income +€3,196
up €3,196 (+30.6%), from €10,447 to €13,644
- Other operating charges +€3,067
up €3,067 (+113%), from €2,725 to €5,792
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 | €978,765 | €1,050,581 | +€71,815 | +7.3% |
| Fixed assets | 21/28 | €621,671 | €695,511 | +€73,839 | +11.9% |
| Tangible fixed assets | 22/27 | €618,671 | €695,011 | +€76,339 | +12.3% |
| Furniture and vehicles | 24 | €8,061 | €2,529 | -€5,532 | -68.6% |
| Other tangible fixed assets | 26 | €294,932 | €692,481 | +€397,549 | +135% |
| Assets under construction and advance payments | 27 | €315,678 | - | -€315,678 | |
| Financial fixed assets | 28 | €3,000 | €500 | -€2,500 | -83.3% |
| Current assets | 29/58 | €357,094 | €355,070 | -€2,024 | -0.6% |
| Amounts receivable after more than one year | 29 | €289,044 | €312,578 | +€23,534 | +8.1% |
| Other amounts receivable | 291 | €289,044 | €312,578 | +€23,534 | +8.1% |
| Amounts receivable within one year | 40/41 | €46,341 | €32,907 | -€13,434 | -29.0% |
| Other amounts receivable | 41 | €46,341 | €32,907 | -€13,434 | -29.0% |
| Cash at bank and in hand | 54/58 | €9,772 | €9,585 | -€186 | -1.9% |
| Deferred charges and accrued income | 490/1 | €11,938 | - | -€11,938 | |
| Total equity and liabilities | 10/49 | €978,765 | €1,050,581 | +€71,815 | +7.3% |
| Equity | 10/15 | €142,111 | €311,055 | +€168,944 | +119% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €122,111 | €291,055 | +€168,944 | +138% |
| Tax-exempt reserves | 132 | €2,807 | €2,807 | = | 0.0% |
| Distributable reserves | 133 | €119,304 | €288,248 | +€168,944 | +142% |
| Amounts payable | 17/49 | €836,655 | €739,526 | -€97,129 | -11.6% |
| Amounts payable after more than one year | 17 | €755,864 | €663,487 | -€92,377 | -12.2% |
| Financial debts | 170/4 | €508,364 | €513,487 | +€5,123 | +1.0% |
| Other amounts payable | 178/9 | €247,500 | €150,000 | -€97,500 | -39.4% |
| Amounts payable within one year | 42/48 | €68,931 | €59,694 | -€9,237 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €18,617 | €21,089 | +€2,472 | +13.3% |
| Trade debts | 44 | €24,129 | €12,712 | -€11,418 | -47.3% |
| Suppliers | 440/4 | €24,129 | €12,712 | -€11,418 | -47.3% |
| Taxes, remuneration and social security | 45 | €8,218 | €9,774 | +€1,556 | +18.9% |
| Taxes | 450/3 | €8,218 | €9,774 | +€1,556 | +18.9% |
| Other amounts payable | 47/48 | €17,967 | €16,120 | -€1,848 | -10.3% |
| Accrued charges and deferred income | 492/3 | €11,860 | €16,345 | +€4,485 | +37.8% |
| Non-recurring operating income | 76A | - | €165,981 | +€165,981 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,541 | €19,447 | +€4,906 | +33.7% |
| Other operating charges | 640/8 | €2,725 | €5,792 | +€3,067 | +113% |
| Non-recurring operating charges | 66A | €629 | - | -€629 | |
| Gross operating margin | 9900 | €86,214 | €237,672 | +€151,459 | +176% |
| Operating profit (loss) | 9901 | €68,319 | €212,433 | +€144,114 | +211% |
| Financial income | 75/76B | €10,447 | €13,644 | +€3,196 | +30.6% |
| Recurring financial income | 75 | €10,447 | €13,644 | +€3,196 | +30.6% |
| Financial charges | 65/66B | €27,177 | €36,127 | +€8,950 | +32.9% |
| Recurring financial charges | 65 | €27,177 | €36,127 | +€8,950 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €51,589 | €189,949 | +€138,360 | +268% |
| Income taxes | 67/77 | €6,745 | €8,505 | +€1,760 | +26.1% |
| Profit (loss) for the period | 9904 | €44,844 | €181,444 | +€136,600 | +305% |
| Profit (loss) for the period to be appropriated | 9905 | €44,844 | €181,444 | +€136,600 | +305% |
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 21 October 2026 via checked.be.