FoxEstate: 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.
FoxEstate
Largest movements
- Tangible fixed assets -€24,402
down €24,402 (-9.2%), from €265,339 to €240,937
- Debts after one year -€31,535
down €31,535 (-12.9%), from €244,689 to €213,154
- Profit (loss) carried forward +€13,972
up €13,972 (+25.1%), from -€55,638 to -€41,666
- Trade debts -€5,957
no longer reported in 2025 (was €5,957)
- Gross operating margin +€12,326
up €12,326 (+101%), from €12,186 to €24,512
- Other operating charges +€616
up €616 (+28.1%), from €2,194 to €2,810
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,939 | €242,921 | -€24,018 | -9.0% |
| Fixed assets | 21/28 | €265,339 | €240,937 | -€24,402 | -9.2% |
| Tangible fixed assets | 22/27 | €265,339 | €240,937 | -€24,402 | -9.2% |
| Land and buildings | 22 | €265,339 | €240,937 | -€24,402 | -9.2% |
| Current assets | 29/58 | €1,600 | €1,984 | +€384 | +24.0% |
| Amounts receivable within one year | 40/41 | €1,018 | - | -€1,018 | |
| Trade receivables | 40 | €837 | - | -€837 | |
| Other amounts receivable | 41 | €180 | - | -€180 | |
| Cash at bank and in hand | 54/58 | €582 | €1,984 | +€1,402 | +241% |
| Total equity and liabilities | 10/49 | €266,939 | €242,921 | -€24,018 | -9.0% |
| Equity | 10/15 | -€52,138 | -€38,166 | +€13,972 | +26.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | €3,500 | €3,500 | = | 0.0% |
| Issued capital | 100 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,638 | -€41,666 | +€13,972 | +25.1% |
| Amounts payable | 17/49 | €319,076 | €281,086 | -€37,990 | -11.9% |
| Amounts payable after more than one year | 17 | €244,689 | €213,154 | -€31,535 | -12.9% |
| Financial debts | 170/4 | €244,689 | €213,154 | -€31,535 | -12.9% |
| Amounts payable within one year | 42/48 | €74,387 | €67,932 | -€6,454 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €15,445 | €16,448 | +€1,003 | +6.5% |
| Trade debts | 44 | €5,957 | - | -€5,957 | |
| Suppliers | 440/4 | €5,957 | - | -€5,957 | |
| Other amounts payable | 47/48 | €52,984 | €51,484 | -€1,500 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,928 | €13,009 | +€81 | +0.6% |
| Other operating charges | 640/8 | €2,194 | €2,810 | +€616 | +28.1% |
| Gross operating margin | 9900 | €12,186 | €24,512 | +€12,326 | +101% |
| Operating profit (loss) | 9901 | -€2,936 | €8,693 | +€11,630 | |
| Financial charges | 65/66B | €4,687 | €4,444 | -€243 | -5.2% |
| Recurring financial charges | 65 | €4,687 | €4,444 | -€243 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,624 | €4,249 | +€11,873 | |
| Profit (loss) for the period | 9904 | -€7,624 | €4,249 | +€11,873 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,624 | €4,249 | +€11,873 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.