FOX WESTLAND: what changed
FOX WESTLAND
Largest movements
- Cash -€51,571
down €51,571 (-45.7%), from €112,970 to €61,399
mainly Trade debts (-€56,930) and Accrued charges and deferred income (-€28,700)
- Tangible fixed assets -€30,448
down €30,448 (-37.7%), from €80,756 to €50,308
of which Plant, machinery and equipment: -€22,701
- Receivables within one year +€14,133
up €14,133 (+27.8%), from €50,916 to €65,049
of which Other amounts receivable: +€18,051
- Stocks and contracts +€6,892
up €6,892 (+3.6%), from €189,824 to €196,716
- Trade debts -€56,930
down €56,930 (-28.3%), from €200,885 to €143,955
- Accrued charges and deferred income -€28,700
down €28,700 (-35.7%), from €80,450 to €51,750
- Profit (loss) carried forward +€24,282
up €24,282 (+40.2%), from €60,358 to €84,640
- Tax, wage and social debts +€11,028
up €11,028 (+20.4%), from €53,955 to €64,983
of which Taxes: +€21,670
- Current portion of long-term debt -€7,045
down €7,045 (-100%), from €7,045 to €0
- Gross operating margin +€53,538
up €53,538 (+32.0%), from €167,059 to €220,597
- Staff costs +€32,779
up €32,779 (+27.1%), from €120,889 to €153,668
- Taxes +€4,121
up €4,121 (+2,363%), from €174 to €4,296
- Depreciation -€2,845
down €2,845 (-8.5%), from €33,293 to €30,448
- Other operating charges -€2,767
down €2,767 (-33.0%), from €8,372 to €5,605
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,466 | €373,472 | -€60,993 | -14.0% |
| Fixed assets | 21/28 | €80,756 | €50,308 | -€30,448 | -37.7% |
| Tangible fixed assets | 22/27 | €80,756 | €50,308 | -€30,448 | -37.7% |
| Plant, machinery and equipment | 23 | €66,671 | €43,970 | -€22,701 | -34.0% |
| Furniture and vehicles | 24 | €14,085 | €6,338 | -€7,747 | -55.0% |
| Current assets | 29/58 | €353,710 | €323,164 | -€30,546 | -8.6% |
| Stocks and contracts in progress | 3 | €189,824 | €196,716 | +€6,892 | +3.6% |
| Stocks | 30/36 | €189,824 | €196,716 | +€6,892 | +3.6% |
| Amounts receivable within one year | 40/41 | €50,916 | €65,049 | +€14,133 | +27.8% |
| Trade receivables | 40 | €22,586 | €18,668 | -€3,918 | -17.3% |
| Other amounts receivable | 41 | €28,330 | €46,381 | +€18,051 | +63.7% |
| Cash at bank and in hand | 54/58 | €112,970 | €61,399 | -€51,571 | -45.7% |
| Total equity and liabilities | 10/49 | €434,466 | €373,472 | -€60,993 | -14.0% |
| Equity | 10/15 | €92,131 | €112,784 | +€20,653 | +22.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,358 | €84,640 | +€24,282 | +40.2% |
| Investment grants | 15 | €6,773 | €3,144 | -€3,628 | -53.6% |
| Amounts payable | 17/49 | €342,335 | €260,688 | -€81,647 | -23.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €261,885 | €208,938 | -€52,947 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €7,045 | €0 | -€7,045 | -100% |
| Trade debts | 44 | €200,885 | €143,955 | -€56,930 | -28.3% |
| Suppliers | 440/4 | €200,885 | €143,955 | -€56,930 | -28.3% |
| Taxes, remuneration and social security | 45 | €53,955 | €64,983 | +€11,028 | +20.4% |
| Taxes | 450/3 | €31,757 | €53,426 | +€21,670 | +68.2% |
| Remuneration and social security | 454/9 | €22,198 | €11,556 | -€10,642 | -47.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €80,450 | €51,750 | -€28,700 | -35.7% |
| Non-recurring operating income | 76A | €3,675 | €0 | -€3,675 | -100% |
| Remuneration, social security and pensions | 62 | €120,889 | €153,668 | +€32,779 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,293 | €30,448 | -€2,845 | -8.5% |
| Other operating charges | 640/8 | €8,372 | €5,605 | -€2,767 | -33.0% |
| Non-recurring operating charges | 66A | €133 | €0 | -€133 | -100% |
| Gross operating margin | 9900 | €167,059 | €220,597 | +€53,538 | +32.0% |
| Operating profit (loss) | 9901 | €4,372 | €30,876 | +€26,503 | +606% |
| Financial income | 75/76B | €6,202 | €5,837 | -€365 | -5.9% |
| Recurring financial income | 75 | €6,202 | €5,837 | -€365 | -5.9% |
| Financial charges | 65/66B | €8,076 | €8,135 | +€59 | +0.7% |
| Recurring financial charges | 65 | €8,076 | €8,135 | +€59 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,498 | €28,577 | +€26,079 | +1,044% |
| Income taxes | 67/77 | €174 | €4,296 | +€4,121 | +2,363% |
| Profit (loss) for the period | 9904 | €2,324 | €24,282 | +€21,958 | +945% |
| Profit (loss) for the period to be appropriated | 9905 | €2,324 | €24,282 | +€21,958 | +945% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.