Fox Systems: 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 Systems
Largest movements
- Cash +€18,837
up €18,837 (+39.1%), from €48,211 to €67,048
mainly Net result for the year (+€18,782) and Receivables within one year (+€15,406)
- Receivables within one year -€15,406
down €15,406 (-60.0%), from €25,661 to €10,254
of which Trade receivables: -€13,800
- Reserves +€18,782
up €18,782 (+14.5%), from €129,274 to €148,057
of which Distributable reserves: +€18,782
- Debts after one year -€17,018
down €17,018 (-15.9%), from €106,896 to €89,878
- Tax, wage and social debts +€3,586
up €3,586 (+91.6%), from €3,913 to €7,498
of which Taxes: +€3,586
- Other debts -€3,573
down €3,573 (-11.6%), from €30,747 to €27,174
- Gross operating margin +€19,046
up €19,046 (+93.1%), from €20,452 to €39,498
- Taxes +€4,932
up €4,932 (+175%), from €2,819 to €7,751
- Depreciation +€1,263
up €1,263 (+19.9%), from €6,362 to €7,625
- Financial charges -€571
down €571 (-15.3%), from €3,726 to €3,155
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 | €302,318 | €303,968 | +€1,650 | +0.5% |
| Fixed assets | 21/28 | €226,843 | €225,023 | -€1,820 | -0.8% |
| Tangible fixed assets | 22/27 | €226,843 | €225,023 | -€1,820 | -0.8% |
| Land and buildings | 22 | €223,894 | €218,187 | -€5,707 | -2.5% |
| Furniture and vehicles | 24 | €2,950 | €6,836 | +€3,886 | +132% |
| Current assets | 29/58 | €75,475 | €78,945 | +€3,470 | +4.6% |
| Amounts receivable within one year | 40/41 | €25,661 | €10,254 | -€15,406 | -60.0% |
| Trade receivables | 40 | €20,400 | €6,600 | -€13,800 | -67.6% |
| Other amounts receivable | 41 | €5,261 | €3,654 | -€1,606 | -30.5% |
| Cash at bank and in hand | 54/58 | €48,211 | €67,048 | +€18,837 | +39.1% |
| Deferred charges and accrued income | 490/1 | €1,603 | €1,642 | +€39 | +2.4% |
| Total equity and liabilities | 10/49 | €302,318 | €303,968 | +€1,650 | +0.5% |
| Equity | 10/15 | €141,674 | €160,457 | +€18,782 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,274 | €148,057 | +€18,782 | +14.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €129,274 | €148,057 | +€18,782 | +14.5% |
| Amounts payable | 17/49 | €160,644 | €143,511 | -€17,133 | -10.7% |
| Amounts payable after more than one year | 17 | €106,896 | €89,878 | -€17,018 | -15.9% |
| Financial debts | 170/4 | €106,896 | €89,878 | -€17,018 | -15.9% |
| Amounts payable within one year | 42/48 | €53,747 | €53,633 | -€115 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €16,592 | €17,018 | +€427 | +2.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,496 | €1,942 | -€554 | -22.2% |
| Suppliers | 440/4 | €2,496 | €1,942 | -€554 | -22.2% |
| Taxes, remuneration and social security | 45 | €3,913 | €7,498 | +€3,586 | +91.6% |
| Taxes | 450/3 | €3,913 | €7,498 | +€3,586 | +91.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,747 | €27,174 | -€3,573 | -11.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,362 | €7,625 | +€1,263 | +19.9% |
| Other operating charges | 640/8 | €2,090 | €2,184 | +€94 | +4.5% |
| Gross operating margin | 9900 | €20,452 | €39,498 | +€19,046 | +93.1% |
| Operating profit (loss) | 9901 | €12,000 | €29,689 | +€17,689 | +147% |
| Financial charges | 65/66B | €3,726 | €3,155 | -€571 | -15.3% |
| Recurring financial charges | 65 | €3,726 | €3,155 | -€571 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €8,273 | €26,533 | +€18,260 | +221% |
| Income taxes | 67/77 | €2,819 | €7,751 | +€4,932 | +175% |
| Profit (loss) for the period | 9904 | €5,454 | €18,782 | +€13,328 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €5,454 | €18,782 | +€13,328 | +244% |
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.