Fox&Fish: 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&Fish
Largest movements
- Receivables within one year +€66,342
up €66,342 (+167.5%), from €39,613 to €105,955
of which Trade receivables: +€47,759
- Cash -€27,063
down €27,063 (-30.8%), from €87,904 to €60,841
mainly Contributions, distributions and other (-€78,593) and Receivables within one year (-€66,342)
- Deferred charges and accrued income +€4,913
up €4,913 (+70.7%), from €6,946 to €11,859
- Other debts +€78,157
up €78,157 (+12097.7%), from €646 to €78,803
- Reserves -€78,157
down €78,157 (-68.0%), from €114,886 to €36,729
- Tax, wage and social debts +€42,446
up €42,446 (+1242.4%), from €3,416 to €45,862
of which Taxes: +€23,909
- Accrued charges and deferred income +€6,431
new in 2025: €6,431
- Trade debts -€4,538
down €4,538 (-45.8%), from €9,910 to €5,372
- Staff costs +€96,097
new in 2025: €96,097
- Taxes -€17,683
down €17,683 (-87.4%), from €20,231 to €2,548
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 | €140,858 | €185,197 | +€44,339 | +31.5% |
| Fixed assets | 21/28 | €6,396 | €6,543 | +€146 | +2.3% |
| Tangible fixed assets | 22/27 | €5,896 | €6,043 | +€146 | +2.5% |
| Plant, machinery and equipment | 23 | €2,683 | €1,950 | -€732 | -27.3% |
| Furniture and vehicles | 24 | €3,214 | €4,092 | +€879 | +27.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €134,462 | €178,655 | +€44,193 | +32.9% |
| Amounts receivable within one year | 40/41 | €39,613 | €105,955 | +€66,342 | +167.5% |
| Trade receivables | 40 | €34,844 | €82,603 | +€47,759 | +137.1% |
| Other amounts receivable | 41 | €4,769 | €23,352 | +€18,583 | +389.6% |
| Cash at bank and in hand | 54/58 | €87,904 | €60,841 | -€27,063 | -30.8% |
| Deferred charges and accrued income | 490/1 | €6,946 | €11,859 | +€4,913 | +70.7% |
| Total equity and liabilities | 10/49 | €140,858 | €185,197 | +€44,339 | +31.5% |
| Equity | 10/15 | €126,886 | €48,729 | -€78,157 | -61.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €114,886 | €36,729 | -€78,157 | -68.0% |
| Distributable reserves | 133 | €114,886 | €36,729 | -€78,157 | -68.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,972 | €136,468 | +€122,496 | +876.7% |
| Amounts payable within one year | 42/48 | €13,972 | €130,038 | +€116,065 | +830.7% |
| Trade debts | 44 | €9,910 | €5,372 | -€4,538 | -45.8% |
| Suppliers | 440/4 | €9,910 | €5,372 | -€4,538 | -45.8% |
| Taxes, remuneration and social security | 45 | €3,416 | €45,862 | +€42,446 | +1242.4% |
| Taxes | 450/3 | €3,416 | €27,325 | +€23,909 | +699.8% |
| Remuneration and social security | 454/9 | - | €18,537 | +€18,537 | |
| Other amounts payable | 47/48 | €646 | €78,803 | +€78,157 | +12097.7% |
| Accrued charges and deferred income | 492/3 | - | €6,431 | +€6,431 | |
| Remuneration, social security and pensions | 62 | - | €96,097 | +€96,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,256 | €2,307 | +€51 | +2.3% |
| Other operating charges | 640/8 | €509 | €683 | +€174 | +34.2% |
| Gross operating margin | 9900 | €101,314 | €102,289 | +€975 | +1.0% |
| Operating profit (loss) | 9901 | €98,549 | €3,201 | -€95,348 | -96.8% |
| Financial income | 75/76B | €76 | €159 | +€83 | +109.1% |
| Recurring financial income | 75 | €76 | €159 | +€83 | +109.1% |
| Financial charges | 65/66B | €237 | €376 | +€139 | +58.6% |
| Recurring financial charges | 65 | €237 | €376 | +€139 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €98,388 | €2,984 | -€95,404 | -97.0% |
| Income taxes | 67/77 | €20,231 | €2,548 | -€17,683 | -87.4% |
| Profit (loss) for the period | 9904 | €78,157 | €436 | -€77,721 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,157 | €436 | -€77,721 | -99.4% |
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 12 October 2026 via checked.be.