FOX4: 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.
FOX4
Largest movements
- Cash +€19,899
up €19,899 (+12.8%), from €155,795 to €175,694
mainly Net result for the year (+€145,391) and Other debts (+€44,559)
- Other debts +€44,559
up €44,559 (+42.7%), from €104,258 to €148,817
- Debts after one year -€18,324
down €18,324 (-5.0%), from €368,608 to €350,283
of which Financial debts: -€18,324
- Tax, wage and social debts -€9,972
down €9,972 (-11.5%), from €86,542 to €76,569
- Gross operating margin +€30,997
up €30,997 (+16.0%), from €193,964 to €224,961
- Taxes +€8,115
up €8,115 (+22.1%), from €36,737 to €44,853
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 | €630,486 | €652,635 | +€22,150 | +3.5% |
| Fixed assets | 21/28 | €411,658 | €413,855 | +€2,196 | +0.5% |
| Tangible fixed assets | 22/27 | €406,462 | €408,659 | +€2,196 | +0.5% |
| Land and buildings | 22 | €383,560 | €373,714 | -€9,846 | -2.6% |
| Furniture and vehicles | 24 | €17,402 | €26,717 | +€9,314 | +53.5% |
| Other tangible fixed assets | 26 | €5,500 | €7,036 | +€1,536 | +27.9% |
| Assets under construction and advance payments | 27 | - | €1,193 | +€1,193 | |
| Financial fixed assets | 28 | €5,196 | €5,196 | = | 0.0% |
| Current assets | 29/58 | €218,827 | €238,781 | +€19,953 | +9.1% |
| Amounts receivable within one year | 40/41 | €58,673 | €55,124 | -€3,550 | -6.1% |
| Trade receivables | 40 | €58,673 | €55,124 | -€3,550 | -6.1% |
| Cash at bank and in hand | 54/58 | €155,795 | €175,694 | +€19,899 | +12.8% |
| Deferred charges and accrued income | 490/1 | €4,359 | €7,963 | +€3,605 | +82.7% |
| Total equity and liabilities | 10/49 | €630,486 | €652,635 | +€22,150 | +3.5% |
| Equity | 10/15 | €44,060 | €49,452 | +€5,391 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,460 | €30,852 | +€5,391 | +21.2% |
| Amounts payable | 17/49 | €586,425 | €603,184 | +€16,758 | +2.9% |
| Amounts payable after more than one year | 17 | €368,608 | €350,283 | -€18,324 | -5.0% |
| Financial debts | 170/4 | €368,128 | €349,803 | -€18,324 | -5.0% |
| Other amounts payable | 178/9 | €480 | €480 | = | 0.0% |
| Amounts payable within one year | 42/48 | €216,317 | €252,900 | +€36,583 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €17,619 | €18,324 | +€706 | +4.0% |
| Trade debts | 44 | €7,899 | €9,190 | +€1,290 | +16.3% |
| Suppliers | 440/4 | €7,899 | €9,190 | +€1,290 | +16.3% |
| Taxes, remuneration and social security | 45 | €86,542 | €76,569 | -€9,972 | -11.5% |
| Taxes | 450/3 | €86,542 | €76,569 | -€9,972 | -11.5% |
| Other amounts payable | 47/48 | €104,258 | €148,817 | +€44,559 | +42.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,303 | €16,957 | +€654 | +4.0% |
| Other operating charges | 640/8 | €3,342 | €3,294 | -€47 | -1.4% |
| Gross operating margin | 9900 | €193,964 | €224,961 | +€30,997 | +16.0% |
| Operating profit (loss) | 9901 | €174,319 | €204,709 | +€30,390 | +17.4% |
| Financial charges | 65/66B | €15,778 | €14,465 | -€1,313 | -8.3% |
| Recurring financial charges | 65 | €15,778 | €14,465 | -€1,313 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €158,541 | €190,244 | +€31,703 | +20.0% |
| Income taxes | 67/77 | €36,737 | €44,853 | +€8,115 | +22.1% |
| Profit (loss) for the period | 9904 | €121,803 | €145,391 | +€23,588 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,803 | €145,391 | +€23,588 | +19.4% |
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.