FOX PADEL: 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 PADEL
Largest movements
- Tangible fixed assets -€56,242
down €56,242 (-5.2%), from €1.1m to €1.0m
of which Plant, machinery and equipment: -€54,962
- Receivables within one year +€39,315
up €39,315 (+220.7%), from €17,815 to €57,130
of which Trade receivables: +€48,962
- Cash -€17,583
down €17,583 (-55.3%), from €31,780 to €14,197
mainly Trade debts (-€97,903) and Investment in fixed assets (net) (-€70,337)
- Trade debts -€97,903
down €97,903 (-46.2%), from €211,860 to €113,957
- Debts after one year +€80,617
up €80,617 (+11.4%), from €706,422 to €787,040
- Other debts -€68,157
down €68,157 (-51.2%), from €133,129 to €64,972
- Tax, wage and social debts +€44,890
up €44,890 (+236.7%), from €18,961 to €63,851
of which Taxes: +€24,951
- Profit (loss) carried forward -€27,696
down €27,696 (-327.8%), from -€8,450 to -€36,147
- Gross operating margin +€128,629
up €128,629 (+72.8%), from €176,731 to €305,361
- Staff costs +€79,282
up €79,282 (+117.6%), from €67,444 to €146,725
- Depreciation +€55,794
up €55,794 (+63.5%), from €87,867 to €143,660
- Financial charges +€16,068
up €16,068 (+65.1%), from €24,670 to €40,738
- Other operating charges -€3,284
down €3,284 (-63.1%), from €5,201 to €1,917
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 | €1,240,499 | €1,188,220 | -€52,279 | -4.2% |
| Formation expenses | 20 | €54,543 | €42,770 | -€11,774 | -21.6% |
| Fixed assets | 21/28 | €1,116,115 | €1,054,566 | -€61,550 | -5.5% |
| Intangible fixed assets | 21 | €25,191 | €19,883 | -€5,308 | -21.1% |
| Tangible fixed assets | 22/27 | €1,090,924 | €1,034,682 | -€56,242 | -5.2% |
| Plant, machinery and equipment | 23 | €1,088,851 | €1,033,889 | -€54,962 | -5.0% |
| Furniture and vehicles | 24 | €2,073 | €793 | -€1,280 | -61.7% |
| Current assets | 29/58 | €69,841 | €90,884 | +€21,044 | +30.1% |
| Stocks and contracts in progress | 3 | €18,152 | €18,549 | +€397 | +2.2% |
| Stocks | 30/36 | €18,152 | €18,549 | +€397 | +2.2% |
| Amounts receivable within one year | 40/41 | €17,815 | €57,130 | +€39,315 | +220.7% |
| Trade receivables | 40 | €8,168 | €57,130 | +€48,962 | +599.4% |
| Other amounts receivable | 41 | €9,647 | - | -€9,647 | |
| Cash at bank and in hand | 54/58 | €31,780 | €14,197 | -€17,583 | -55.3% |
| Deferred charges and accrued income | 490/1 | €2,093 | €1,008 | -€1,085 | -51.8% |
| Total equity and liabilities | 10/49 | €1,240,499 | €1,188,220 | -€52,279 | -4.2% |
| Equity | 10/15 | €126,550 | €98,853 | -€27,696 | -21.9% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,450 | -€36,147 | -€27,696 | -327.8% |
| Amounts payable | 17/49 | €1,113,950 | €1,089,366 | -€24,583 | -2.2% |
| Amounts payable after more than one year | 17 | €706,422 | €787,040 | +€80,617 | +11.4% |
| Financial debts | 170/4 | €706,422 | €787,040 | +€80,617 | +11.4% |
| Amounts payable within one year | 42/48 | €407,527 | €302,327 | -€105,200 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €43,578 | €51,812 | +€8,234 | +18.9% |
| Financial debts | 43 | - | €7,736 | +€7,736 | |
| Credit institutions | 430/8 | - | €7,736 | +€7,736 | |
| Trade debts | 44 | €211,860 | €113,957 | -€97,903 | -46.2% |
| Suppliers | 440/4 | €211,860 | €113,957 | -€97,903 | -46.2% |
| Taxes, remuneration and social security | 45 | €18,961 | €63,851 | +€44,890 | +236.7% |
| Taxes | 450/3 | €402 | €25,354 | +€24,951 | +6203.7% |
| Remuneration and social security | 454/9 | €18,559 | €38,497 | +€19,938 | +107.4% |
| Other amounts payable | 47/48 | €133,129 | €64,972 | -€68,157 | -51.2% |
| Remuneration, social security and pensions | 62 | €67,444 | €146,725 | +€79,282 | +117.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,867 | €143,660 | +€55,794 | +63.5% |
| Other operating charges | 640/8 | €5,201 | €1,917 | -€3,284 | -63.1% |
| Gross operating margin | 9900 | €176,731 | €305,361 | +€128,629 | +72.8% |
| Operating profit (loss) | 9901 | €16,220 | €13,058 | -€3,162 | -19.5% |
| Financial income | 75/76B | €27 | €40 | +€13 | +46.5% |
| Recurring financial income | 75 | €27 | €40 | +€13 | +46.5% |
| Financial charges | 65/66B | €24,670 | €40,738 | +€16,068 | +65.1% |
| Recurring financial charges | 65 | €24,670 | €40,738 | +€16,068 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,423 | -€27,640 | -€19,217 | -228.2% |
| Income taxes | 67/77 | €27 | €56 | +€29 | +105.1% |
| Profit (loss) for the period | 9904 | -€8,450 | -€27,696 | -€19,246 | -227.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,450 | -€27,696 | -€19,246 | -227.8% |
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.