FOX SECURITY: 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 SECURITY
Largest movements
- Receivables within one year +€14,827
up €14,827 (+29.5%), from €50,272 to €65,099
of which Trade receivables: +€18,913
- Stocks and contracts -€14,434
down €14,434 (-91.0%), from €15,855 to €1,421
- Cash +€9,589
up €9,589 (+47.1%), from €20,358 to €29,947
mainly Stocks and contracts (+€14,434) and Other debts (+€10,871)
- Tangible fixed assets -€3,329
down €3,329 (-66.9%), from €4,976 to €1,647
of which Furniture and vehicles: -€2,577
- Deferred charges and accrued income +€1,626
up €1,626 (+223%), from €730 to €2,355
- Other debts +€10,871
up €10,871 (+137%), from €7,920 to €18,791
- Trade debts +€5,825
up €5,825 (+212%), from €2,753 to €8,577
of which Suppliers: +€5,032
- Profit (loss) carried forward -€4,917
down €4,917 (-8.7%), from €56,588 to €51,670
- Current portion of long-term debt -€2,940
no longer reported in 2025 (was €2,940)
- Tax, wage and social debts -€1,066
down €1,066 (-69.7%), from €1,530 to €464
- Staff costs -€7,037
down €7,037 (-98.8%), from €7,120 to €83
- Taxes -€2,117
down €2,117 (-91.6%), from €2,311 to €194
- Gross operating margin -€1,969
down €1,969 (-35.0%), from €5,625 to €3,655
- Other operating charges -€1,286
down €1,286 (-20.2%), from €6,379 to €5,093
- Depreciation -€745
down €745 (-18.3%), from €4,074 to €3,329
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 | €92,190 | €100,469 | +€8,279 | +9.0% |
| Fixed assets | 21/28 | €4,976 | €1,647 | -€3,329 | -66.9% |
| Tangible fixed assets | 22/27 | €4,976 | €1,647 | -€3,329 | -66.9% |
| Plant, machinery and equipment | 23 | €2,398 | €1,647 | -€752 | -31.3% |
| Furniture and vehicles | 24 | €2,577 | - | -€2,577 | |
| Current assets | 29/58 | €87,214 | €98,822 | +€11,608 | +13.3% |
| Stocks and contracts in progress | 3 | €15,855 | €1,421 | -€14,434 | -91.0% |
| Stocks | 30/36 | €15,855 | €1,421 | -€14,434 | -91.0% |
| Amounts receivable within one year | 40/41 | €50,272 | €65,099 | +€14,827 | +29.5% |
| Trade receivables | 40 | €33,172 | €52,085 | +€18,913 | +57.0% |
| Other amounts receivable | 41 | €17,100 | €13,014 | -€4,086 | -23.9% |
| Cash at bank and in hand | 54/58 | €20,358 | €29,947 | +€9,589 | +47.1% |
| Deferred charges and accrued income | 490/1 | €730 | €2,355 | +€1,626 | +223% |
| Total equity and liabilities | 10/49 | €92,190 | €100,469 | +€8,279 | +9.0% |
| Equity | 10/15 | €77,048 | €72,130 | -€4,917 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,588 | €51,670 | -€4,917 | -8.7% |
| Amounts payable | 17/49 | €15,142 | €28,338 | +€13,196 | +87.1% |
| Amounts payable within one year | 42/48 | €15,142 | €28,338 | +€13,196 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €2,940 | - | -€2,940 | |
| Financial debts | 43 | - | €506 | +€506 | |
| Credit institutions | 430/8 | - | €506 | +€506 | |
| Trade debts | 44 | €2,753 | €8,577 | +€5,825 | +212% |
| Suppliers | 440/4 | €2,753 | €7,784 | +€5,032 | +183% |
| Bills of exchange payable | 441 | - | €793 | +€793 | |
| Taxes, remuneration and social security | 45 | €1,530 | €464 | -€1,066 | -69.7% |
| Taxes | 450/3 | €1,530 | €464 | -€1,066 | -69.7% |
| Other amounts payable | 47/48 | €7,920 | €18,791 | +€10,871 | +137% |
| Remuneration, social security and pensions | 62 | €7,120 | €83 | -€7,037 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,074 | €3,329 | -€745 | -18.3% |
| Other operating charges | 640/8 | €6,379 | €5,093 | -€1,286 | -20.2% |
| Gross operating margin | 9900 | €5,625 | €3,655 | -€1,969 | -35.0% |
| Operating profit (loss) | 9901 | -€11,948 | -€4,850 | +€7,099 | +59.4% |
| Financial income | 75/76B | €251 | €456 | +€205 | +81.9% |
| Recurring financial income | 75 | €251 | €456 | +€205 | +81.9% |
| Financial charges | 65/66B | €665 | €330 | -€335 | -50.4% |
| Recurring financial charges | 65 | €665 | €330 | -€335 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,362 | -€4,723 | +€7,639 | +61.8% |
| Income taxes | 67/77 | €2,311 | €194 | -€2,117 | -91.6% |
| Profit (loss) for the period | 9904 | -€14,673 | -€4,917 | +€9,756 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,673 | -€4,917 | +€9,756 | +66.5% |
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 14 October 2026 via checked.be.