Foxaco: 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.
What changed
Foxaco
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €2.2m-€755,803
Equity
€31.1m
2024 · €29.7m+€1.5m
Cash
€261,428
2024 · €2.0m-€1.7m
Balance sheet total
€32.1m
2024 · €30.7m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+7.1%), from €26.8m to €28.7m
of which Land and buildings: +€1.9m
- Cash -€1.7m
down €1.7m (-86.9%), from €2.0m to €261,428
mainly Investment in fixed assets (net) (-€4.2m) and Current investments (-€1.2m)
- Current investments +€1.2m
up €1.2m (+62.2%), from €1.9m to €3.0m
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+6.6%), from €20.1m to €21.4m
Income statement
- Gross operating margin -€545,329
down €545,329 (-9.2%), from €5.9m to €5.4m
- Depreciation +€437,690
up €437,690 (+23.5%), from €1.9m to €2.3m
- Taxes -€224,654
down €224,654 (-29.2%), from €770,571 to €545,917
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.
Result 2024
€2.2m
Gross operating margin
-€545,329
Staff costs
-€1,795
Depreciation
-€437,690
Other operating charges
-€38,826
Financial income
+€18,486
Financial charges
+€24,698
Taxes
+€224,654
Result 2025
€1.5m
raises the resultlowers the result
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.
From operations
+€3.7m
Investment
-€5.3m
Financing
-€45,475
Cash 2024
€2.0m
From operations (derived)
+€3.7m
Net result for the year
+€1.5m
Depreciation
+€2.3m
Receivables within one year
-€74,316
Smaller working-capital items
-€6,765
Provisions
-€22,195
Trade debts
-€10,952
Investment (derived)
-€5.3m
Investment in fixed assets (net)
-€4.2m
Current investments
-€1.2m
Financing
-€45,475
Debts after one year
-€45,475
Cash 2025
€261,428
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,697,131 | €32,081,837 | +€1.4m | +4.5% |
| Fixed assets | 21/28 | €26,766,596 | €28,660,300 | +€1.9m | +7.1% |
| Tangible fixed assets | 22/27 | €26,766,596 | €28,660,300 | +€1.9m | +7.1% |
| Land and buildings | 22 | €26,040,185 | €27,944,737 | +€1.9m | +7.3% |
| Plant, machinery and equipment | 23 | €686,124 | €611,813 | -€74,311 | -10.8% |
| Furniture and vehicles | 24 | €40,287 | €103,751 | +€63,464 | +158% |
| Current assets | 29/58 | €3,930,535 | €3,421,536 | -€508,999 | -12.9% |
| Amounts receivable within one year | 40/41 | €31,245 | €105,561 | +€74,316 | +238% |
| Trade receivables | 40 | €8,341 | €7,609 | -€732 | -8.8% |
| Other amounts receivable | 41 | €22,904 | €97,952 | +€75,048 | +328% |
| Current investments | 50/53 | €1,850,000 | €3,000,000 | +€1.2m | +62.2% |
| Cash at bank and in hand | 54/58 | €1,995,960 | €261,428 | -€1.7m | -86.9% |
| Deferred charges and accrued income | 490/1 | €53,330 | €54,548 | +€1,218 | +2.3% |
| Total equity and liabilities | 10/49 | €30,697,131 | €32,081,837 | +€1.4m | +4.5% |
| Equity | 10/15 | €29,656,552 | €31,125,426 | +€1.5m | +5.0% |
| Contributions | 10/11 | €594,945 | €594,945 | = | 0.0% |
| Capital | 10 | €594,945 | €594,945 | = | 0.0% |
| Issued capital | 100 | €594,945 | €594,945 | = | 0.0% |
| Reserves | 13 | €8,968,785 | €9,102,202 | +€133,416 | +1.5% |
| Non-distributable reserves | 130/1 | €59,494 | €59,494 | = | 0.0% |
| Legal reserve | 130 | €59,494 | €59,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,037,061 | €970,477 | -€66,584 | -6.4% |
| Distributable reserves | 133 | €7,872,230 | €8,072,230 | +€200,000 | +2.5% |
| Profit (loss) carried forward | 14 | €20,092,822 | €21,428,280 | +€1.3m | +6.6% |
| Provisions and deferred taxes | 16 | €345,687 | €323,492 | -€22,195 | -6.4% |
| Deferred taxes | 168 | €345,687 | €323,492 | -€22,195 | -6.4% |
| Amounts payable | 17/49 | €694,892 | €632,918 | -€61,974 | -8.9% |
| Amounts payable after more than one year | 17 | €402,809 | €357,334 | -€45,475 | -11.3% |
| Other amounts payable | 178/9 | €402,809 | €357,334 | -€45,475 | -11.3% |
| Amounts payable within one year | 42/48 | €236,690 | €227,146 | -€9,545 | -4.0% |
| Trade debts | 44 | €124,801 | €113,849 | -€10,952 | -8.8% |
| Suppliers | 440/4 | €124,801 | €113,849 | -€10,952 | -8.8% |
| Taxes, remuneration and social security | 45 | €15,111 | €21,866 | +€6,755 | +44.7% |
| Taxes | 450/3 | - | €3,620 | +€3,620 | |
| Remuneration and social security | 454/9 | €15,111 | €18,247 | +€3,135 | +20.7% |
| Other amounts payable | 47/48 | €96,778 | €91,430 | -€5,348 | -5.5% |
| Accrued charges and deferred income | 492/3 | €55,392 | €48,438 | -€6,954 | -12.6% |
| Remuneration, social security and pensions | 62 | €84,054 | €85,849 | +€1,795 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,864,260 | €2,301,950 | +€437,690 | +23.5% |
| Other operating charges | 640/8 | €1,001,737 | €1,040,564 | +€38,826 | +3.9% |
| Gross operating margin | 9900 | €5,896,567 | €5,351,238 | -€545,329 | -9.2% |
| Operating profit (loss) | 9901 | €2,946,516 | €1,922,875 | -€1.0m | -34.7% |
| Financial income | 75/76B | €57,980 | €76,466 | +€18,486 | +31.9% |
| Recurring financial income | 75 | €57,980 | €76,466 | +€18,486 | +31.9% |
| Financial charges | 65/66B | €31,442 | €6,744 | -€24,698 | -78.5% |
| Recurring financial charges | 65 | €31,442 | €6,744 | -€24,698 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €2,973,053 | €1,992,596 | -€980,457 | -33.0% |
| Transfer from deferred taxes | 780 | €22,195 | €22,195 | = | 0.0% |
| Income taxes | 67/77 | €770,571 | €545,917 | -€224,654 | -29.2% |
| Profit (loss) for the period | 9904 | €2,224,677 | €1,468,874 | -€755,803 | -34.0% |
| Transfer from tax-exempt reserves | 789 | €66,584 | €66,584 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,291,261 | €1,535,458 | -€755,803 | -33.0% |
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 21 October 2026 via checked.be.