FOXECO: 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.
FOXECO
Largest movements
- Receivables within one year +€32,839
up €32,839 (+2445.7%), from €1,343 to €34,182
of which Trade receivables: +€28,829
- Cash -€18,549
down €18,549 (-74.4%), from €24,948 to €6,399
mainly Receivables within one year (-€32,839) and Trade debts (-€20,495)
- Stocks and contracts -€12,500
down €12,500 (-36.5%), from €34,228 to €21,728
- Tangible fixed assets -€6,623
down €6,623 (-43.2%), from €15,336 to €8,713
of which Furniture and vehicles: -€5,760
- Deferred charges and accrued income +€4,052
new in 2024: €4,052
- Profit (loss) carried forward +€26,532
up €26,532 (+94.7%), from -€28,018 to -€1,486
- Trade debts -€20,495
down €20,495 (-41.2%), from €49,782 to €29,287
- Debts after one year -€9,066
no longer reported in 2024 (was €9,066)
- Other debts +€6,037
up €6,037 (+43.5%), from €13,875 to €19,912
- Tax, wage and social debts -€5,240
down €5,240 (-53.9%), from €9,713 to €4,473
of which Remuneration and social security: -€4,616
- Staff costs -€40,346
no longer reported in 2024 (was €40,346)
- Gross operating margin +€13,753
up €13,753 (+50.1%), from €27,467 to €41,220
- Taxes +€4,473
new in 2024: €4,473
- Financial charges +€2,107
up €2,107 (+308.5%), from €683 to €2,791
- Depreciation -€812
down €812 (-10.9%), from €7,436 to €6,623
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,218 | €75,436 | -€782 | -1.0% |
| Fixed assets | 21/28 | €15,699 | €9,076 | -€6,623 | -42.2% |
| Tangible fixed assets | 22/27 | €15,336 | €8,713 | -€6,623 | -43.2% |
| Land and buildings | 22 | €5,393 | €4,529 | -€864 | -16.0% |
| Furniture and vehicles | 24 | €9,943 | €4,183 | -€5,760 | -57.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €60,519 | €66,360 | +€5,842 | +9.7% |
| Stocks and contracts in progress | 3 | €34,228 | €21,728 | -€12,500 | -36.5% |
| Stocks | 30/36 | €34,228 | €21,728 | -€12,500 | -36.5% |
| Amounts receivable within one year | 40/41 | €1,343 | €34,182 | +€32,839 | +2445.7% |
| Trade receivables | 40 | €1,343 | €30,172 | +€28,829 | +2147.0% |
| Other amounts receivable | 41 | - | €4,010 | +€4,010 | |
| Cash at bank and in hand | 54/58 | €24,948 | €6,399 | -€18,549 | -74.4% |
| Deferred charges and accrued income | 490/1 | - | €4,052 | +€4,052 | |
| Total equity and liabilities | 10/49 | €76,218 | €75,436 | -€782 | -1.0% |
| Equity | 10/15 | -€9,418 | €17,114 | +€26,532 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,018 | -€1,486 | +€26,532 | +94.7% |
| Amounts payable | 17/49 | €85,635 | €58,322 | -€27,314 | -31.9% |
| Amounts payable after more than one year | 17 | €9,066 | - | -€9,066 | |
| Financial debts | 170/4 | €9,066 | - | -€9,066 | |
| Amounts payable within one year | 42/48 | €76,570 | €58,322 | -€18,248 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,650 | +€4,650 | |
| Trade debts | 44 | €49,782 | €29,287 | -€20,495 | -41.2% |
| Suppliers | 440/4 | €49,782 | €29,287 | -€20,495 | -41.2% |
| Advances received on contracts in progress | 46 | €3,200 | - | -€3,200 | |
| Taxes, remuneration and social security | 45 | €9,713 | €4,473 | -€5,240 | -53.9% |
| Taxes | 450/3 | €5,097 | €4,473 | -€624 | -12.2% |
| Remuneration and social security | 454/9 | €4,616 | - | -€4,616 | |
| Other amounts payable | 47/48 | €13,875 | €19,912 | +€6,037 | +43.5% |
| Remuneration, social security and pensions | 62 | €40,346 | - | -€40,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,436 | €6,623 | -€812 | -10.9% |
| Other operating charges | 640/8 | €419 | €801 | +€381 | +90.9% |
| Gross operating margin | 9900 | €27,467 | €41,220 | +€13,753 | +50.1% |
| Operating profit (loss) | 9901 | -€20,734 | €33,796 | +€54,530 | |
| Financial income | 75/76B | €250 | - | -€250 | |
| Recurring financial income | 75 | €247 | - | -€247 | |
| Non-recurring financial income | 76B | €3 | - | -€3 | |
| Financial charges | 65/66B | €683 | €2,791 | +€2,107 | +308.5% |
| Recurring financial charges | 65 | €683 | €2,791 | +€2,107 | +308.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,167 | €31,005 | +€52,173 | |
| Income taxes | 67/77 | - | €4,473 | +€4,473 | |
| Profit (loss) for the period | 9904 | -€21,167 | €26,532 | +€47,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,167 | €26,532 | +€47,700 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.