FOX IN BLUE: 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 IN BLUE
Largest movements
- Receivables within one year +€37,853
up €37,853 (+107%), from €35,318 to €73,171
of which Trade receivables: +€47,837
- Tangible fixed assets -€18,823
down €18,823 (-26.9%), from €69,965 to €51,142
- Deferred charges and accrued income -€15,460
down €15,460 (-86.7%), from €17,828 to €2,368
- Reserves -€218,270
down €218,270 (-58.8%), from €371,321 to €153,051
of which Distributable reserves: -€218,270
- Other debts +€205,249
up €205,249 (+3,423%), from €5,996 to €211,245
- Tax, wage and social debts +€12,032
up €12,032 (+161%), from €7,484 to €19,516
of which Taxes: +€15,384
- Gross operating margin +€143,295
up €143,295 (+108%), from €132,566 to €275,861
- Taxes +€34,330
up €34,330 (+124%), from €27,588 to €61,918
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 | €405,737 | €405,396 | -€341 | -0.1% |
| Fixed assets | 21/28 | €69,965 | €51,142 | -€18,823 | -26.9% |
| Tangible fixed assets | 22/27 | €69,965 | €51,142 | -€18,823 | -26.9% |
| Furniture and vehicles | 24 | €69,965 | €51,142 | -€18,823 | -26.9% |
| Current assets | 29/58 | €335,772 | €354,255 | +€18,483 | +5.5% |
| Amounts receivable within one year | 40/41 | €35,318 | €73,171 | +€37,853 | +107% |
| Trade receivables | 40 | €25,316 | €73,153 | +€47,837 | +189% |
| Other amounts receivable | 41 | €10,002 | €18 | -€9,984 | -99.8% |
| Cash at bank and in hand | 54/58 | €282,626 | €278,715 | -€3,911 | -1.4% |
| Deferred charges and accrued income | 490/1 | €17,828 | €2,368 | -€15,460 | -86.7% |
| Total equity and liabilities | 10/49 | €405,737 | €405,396 | -€341 | -0.1% |
| Equity | 10/15 | €389,921 | €171,651 | -€218,270 | -56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,321 | €153,051 | -€218,270 | -58.8% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €308,171 | €89,901 | -€218,270 | -70.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,816 | €233,746 | +€217,930 | +1,378% |
| Amounts payable within one year | 42/48 | €15,000 | €233,481 | +€218,482 | +1,457% |
| Financial debts | 43 | €757 | €1,269 | +€512 | +67.6% |
| Credit institutions | 430/8 | €757 | €1,269 | +€512 | +67.6% |
| Trade debts | 44 | €763 | €1,452 | +€690 | +90.4% |
| Suppliers | 440/4 | €763 | €1,452 | +€690 | +90.4% |
| Taxes, remuneration and social security | 45 | €7,484 | €19,516 | +€12,032 | +161% |
| Taxes | 450/3 | €4,132 | €19,516 | +€15,384 | +372% |
| Remuneration and social security | 454/9 | €3,352 | €0 | -€3,352 | -100% |
| Other amounts payable | 47/48 | €5,996 | €211,245 | +€205,249 | +3,423% |
| Accrued charges and deferred income | 492/3 | €816 | €264 | -€552 | -67.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,093 | €18,823 | -€269 | -1.4% |
| Other operating charges | 640/8 | €1,167 | €2,750 | +€1,583 | +136% |
| Gross operating margin | 9900 | €132,566 | €275,861 | +€143,295 | +108% |
| Operating profit (loss) | 9901 | €112,307 | €254,288 | +€141,981 | +126% |
| Financial income | 75/76B | €1,637 | €2,893 | +€1,256 | +76.8% |
| Recurring financial income | 75 | €1,637 | €2,893 | +€1,256 | +76.8% |
| Financial charges | 65/66B | €544 | €486 | -€58 | -10.6% |
| Recurring financial charges | 65 | €544 | €486 | -€58 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €113,400 | €256,695 | +€143,295 | +126% |
| Income taxes | 67/77 | €27,588 | €61,918 | +€34,330 | +124% |
| Profit (loss) for the period | 9904 | €85,812 | €194,778 | +€108,965 | +127% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €85,812 | €194,778 | +€108,965 | +127% |
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 28 October 2026 via checked.be.