FOX FIVE: what changed
Two fiscal 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 FIVE
Largest movements
- Receivables within one year +€82,134
up €82,134 (+221.3%), from €37,117 to €119,251
of which Trade receivables: +€86,395
- Cash +€31,720
up €31,720 (+25.7%), from €123,210 to €154,930
mainly Net result for the year (+€111,031) and Tax, wage and social debts (+€4,993)
- Reserves +€111,031
up €111,031 (+25.0%), from €443,641 to €554,672
- Taxes +€5,940
up €5,940 (+11.5%), from €51,632 to €57,572
- Gross operating margin +€5,768
up €5,768 (+3.5%), from €162,521 to €168,289
- Financial charges +€4,329
up €4,329 (+933.5%), from €464 to €4,792
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.
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 | €487,745 | €605,923 | +€118,178 | +24.2% |
| Fixed assets | 21/28 | €2,857 | €6,609 | +€3,752 | +131.3% |
| Tangible fixed assets | 22/27 | €2,857 | €6,609 | +€3,752 | +131.3% |
| Plant, machinery and equipment | 23 | €2,857 | €6,609 | +€3,752 | +131.3% |
| Current assets | 29/58 | €484,887 | €599,313 | +€114,426 | +23.6% |
| Amounts receivable within one year | 40/41 | €37,117 | €119,251 | +€82,134 | +221.3% |
| Trade receivables | 40 | €21,048 | €107,443 | +€86,395 | +410.5% |
| Other amounts receivable | 41 | €16,068 | €11,807 | -€4,261 | -26.5% |
| Current investments | 50/53 | €324,434 | €325,007 | +€573 | +0.2% |
| Cash at bank and in hand | 54/58 | €123,210 | €154,930 | +€31,720 | +25.7% |
| Deferred charges and accrued income | 490/1 | €126 | €126 | = | 0.0% |
| Total equity and liabilities | 10/49 | €487,745 | €605,923 | +€118,178 | +24.2% |
| Equity | 10/15 | €446,641 | €557,672 | +€111,031 | +24.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €443,641 | €554,672 | +€111,031 | +25.0% |
| Distributable reserves | 133 | €443,641 | €554,672 | +€111,031 | +25.0% |
| Amounts payable | 17/49 | €41,103 | €48,250 | +€7,147 | +17.4% |
| Amounts payable within one year | 42/48 | €41,103 | €48,250 | +€7,147 | +17.4% |
| Trade debts | 44 | €6,874 | €7,264 | +€390 | +5.7% |
| Suppliers | 440/4 | €6,874 | €7,264 | +€390 | +5.7% |
| Taxes, remuneration and social security | 45 | €32,430 | €37,423 | +€4,993 | +15.4% |
| Taxes | 450/3 | €32,430 | €37,423 | +€4,993 | +15.4% |
| Other amounts payable | 47/48 | €1,800 | €3,564 | +€1,764 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €1,495 | +€623 | +71.5% |
| Other operating charges | 640/8 | €528 | €989 | +€461 | +87.3% |
| Gross operating margin | 9900 | €162,521 | €168,289 | +€5,768 | +3.5% |
| Operating profit (loss) | 9901 | €161,121 | €165,805 | +€4,684 | +2.9% |
| Financial income | 75/76B | €6,363 | €7,591 | +€1,228 | +19.3% |
| Recurring financial income | 75 | €6,363 | €7,591 | +€1,228 | +19.3% |
| Financial charges | 65/66B | €464 | €4,792 | +€4,329 | +933.5% |
| Recurring financial charges | 65 | €464 | €4,792 | +€4,329 | +933.5% |
| Profit (loss) for the period before taxes | 9903 | €167,020 | €168,603 | +€1,583 | +0.9% |
| Income taxes | 67/77 | €51,632 | €57,572 | +€5,940 | +11.5% |
| Profit (loss) for the period | 9904 | €115,388 | €111,031 | -€4,357 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,388 | €111,031 | -€4,357 | -3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.