FOX-Trans: 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-Trans
Largest movements
- Receivables within one year +€42,699
up €42,699 (+344.6%), from €12,391 to €55,090
of which Trade receivables: +€38,621
- Tangible fixed assets +€29,520
up €29,520 (+27.1%), from €108,920 to €138,441
of which Leasing and similar rights: +€30,965
- Cash -€24,207
down €24,207 (-100.0%), from €24,207 to €0
mainly Investment in fixed assets (net) (-€54,000) and Receivables within one year (-€42,699)
- Current investments -€6,175
no longer reported in 2025 (was €6,175)
- Debts after one year +€21,334
up €21,334 (+27.0%), from €79,159 to €100,493
- Reserves +€16,943
up €16,943 (+63.8%), from €26,565 to €43,508
- Current portion of long-term debt +€9,364
up €9,364 (+62.4%), from €15,005 to €24,369
- Other debts -€5,953
down €5,953 (-72.2%), from €8,250 to €2,297
- Trade debts -€2,406
down €2,406 (-16.2%), from €14,882 to €12,476
- Gross operating margin +€18,722
up €18,722 (+59.5%), from €31,448 to €50,170
- Depreciation +€6,217
up €6,217 (+34.0%), from €18,262 to €24,480
- Other operating charges -€1,560
down €1,560 (-62.7%), from €2,489 to €929
- Taxes +€1,393
up €1,393 (+62.1%), from €2,243 to €3,636
- Financial charges +€1,303
up €1,303 (+44.5%), from €2,927 to €4,231
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 | €154,705 | €194,926 | +€40,220 | +26.0% |
| Fixed assets | 21/28 | €108,920 | €138,441 | +€29,520 | +27.1% |
| Tangible fixed assets | 22/27 | €108,920 | €138,441 | +€29,520 | +27.1% |
| Plant, machinery and equipment | 23 | €940 | €735 | -€204 | -21.7% |
| Leasing and similar rights | 25 | €102,104 | €133,069 | +€30,965 | +30.3% |
| Other tangible fixed assets | 26 | €5,877 | €4,637 | -€1,240 | -21.1% |
| Current assets | 29/58 | €45,785 | €56,485 | +€10,700 | +23.4% |
| Amounts receivable within one year | 40/41 | €12,391 | €55,090 | +€42,699 | +344.6% |
| Trade receivables | 40 | €12,391 | €51,012 | +€38,621 | +311.7% |
| Other amounts receivable | 41 | - | €4,078 | +€4,078 | |
| Current investments | 50/53 | €6,175 | - | -€6,175 | |
| Cash at bank and in hand | 54/58 | €24,207 | €0 | -€24,207 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,011 | €1,395 | -€1,617 | -53.7% |
| Total equity and liabilities | 10/49 | €154,705 | €194,926 | +€40,220 | +26.0% |
| Equity | 10/15 | €31,565 | €48,508 | +€16,943 | +53.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,565 | €43,508 | +€16,943 | +63.8% |
| Distributable reserves | 133 | €26,565 | €43,508 | +€16,943 | +63.8% |
| Amounts payable | 17/49 | €123,141 | €146,418 | +€23,277 | +18.9% |
| Amounts payable after more than one year | 17 | €79,159 | €100,493 | +€21,334 | +27.0% |
| Financial debts | 170/4 | €79,159 | €100,493 | +€21,334 | +27.0% |
| Amounts payable within one year | 42/48 | €43,981 | €45,924 | +€1,943 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €15,005 | €24,369 | +€9,364 | +62.4% |
| Trade debts | 44 | €14,882 | €12,476 | -€2,406 | -16.2% |
| Suppliers | 440/4 | €14,882 | €12,476 | -€2,406 | -16.2% |
| Taxes, remuneration and social security | 45 | €5,845 | €6,783 | +€939 | +16.1% |
| Taxes | 450/3 | €3,769 | €6,783 | +€3,014 | +80.0% |
| Remuneration and social security | 454/9 | €2,076 | - | -€2,076 | |
| Other amounts payable | 47/48 | €8,250 | €2,297 | -€5,953 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,262 | €24,480 | +€6,217 | +34.0% |
| Other operating charges | 640/8 | €2,489 | €929 | -€1,560 | -62.7% |
| Gross operating margin | 9900 | €31,448 | €50,170 | +€18,722 | +59.5% |
| Operating profit (loss) | 9901 | €10,697 | €24,762 | +€14,065 | +131.5% |
| Financial income | 75/76B | €126 | €48 | -€78 | -62.0% |
| Recurring financial income | 75 | €126 | €48 | -€78 | -62.0% |
| Financial charges | 65/66B | €2,927 | €4,231 | +€1,303 | +44.5% |
| Recurring financial charges | 65 | €2,927 | €4,231 | +€1,303 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €7,896 | €20,579 | +€12,683 | +160.6% |
| Income taxes | 67/77 | €2,243 | €3,636 | +€1,393 | +62.1% |
| Profit (loss) for the period | 9904 | €5,653 | €16,943 | +€11,290 | +199.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,653 | €16,943 | +€11,290 | +199.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.