FOXHAM: 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.
FOXHAM
Largest movements
- Tangible fixed assets +€133,241
up €133,241 (+50.0%), from €266,614 to €399,855
of which Furniture and vehicles: +€94,352
- Current investments +€125,000
new in 2025: €125,000
- Financial fixed assets -€120,000
down €120,000 (-93.4%), from €128,505 to €8,505
- Cash -€40,159
down €40,159 (-98.4%), from €40,823 to €664
mainly Short-term financial debts (-€375,000) and Current investments (-€125,000)
- Receivables within one year +€31,210
up €31,210 (+35.7%), from €87,347 to €118,557
of which Trade receivables: +€47,858
- Debts after one year +€569,159
up €569,159 (+201.4%), from €282,601 to €851,761
- Short-term financial debts -€375,000
down €375,000 (-53.6%), from €700,000 to €325,000
- Accrued charges and deferred income -€24,259
down €24,259 (-92.8%), from €26,150 to €1,891
- Other debts -€14,484
down €14,484 (-80.6%), from €17,981 to €3,497
- Gross operating margin -€32,635
down €32,635 (-66.5%), from €49,064 to €16,428
- Financial charges -€13,102
down €13,102 (-39.8%), from €32,932 to €19,830
- Depreciation +€7,858
up €7,858 (+76.0%), from €10,342 to €18,200
- Financial income +€6,721
up €6,721 (+51.4%), from €13,082 to €19,803
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.
Cash bridge derived
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 | €1,003,294 | €1,154,184 | +€150,889 | +15.0% |
| Fixed assets | 21/28 | €395,119 | €408,360 | +€13,241 | +3.4% |
| Tangible fixed assets | 22/27 | €266,614 | €399,855 | +€133,241 | +50.0% |
| Land and buildings | 22 | €252,014 | €290,903 | +€38,889 | +15.4% |
| Furniture and vehicles | 24 | €14,600 | €108,952 | +€94,352 | +646.3% |
| Financial fixed assets | 28 | €128,505 | €8,505 | -€120,000 | -93.4% |
| Current assets | 29/58 | €608,176 | €745,824 | +€137,648 | +22.6% |
| Amounts receivable after more than one year | 29 | €478,994 | €498,443 | +€19,449 | +4.1% |
| Other amounts receivable | 291 | €478,994 | €498,443 | +€19,449 | +4.1% |
| Amounts receivable within one year | 40/41 | €87,347 | €118,557 | +€31,210 | +35.7% |
| Trade receivables | 40 | €70,700 | €118,557 | +€47,858 | +67.7% |
| Other amounts receivable | 41 | €16,647 | €0 | -€16,647 | -100.0% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €40,823 | €664 | -€40,159 | -98.4% |
| Deferred charges and accrued income | 490/1 | €1,012 | €3,159 | +€2,148 | +212.3% |
| Total equity and liabilities | 10/49 | €1,003,294 | €1,154,184 | +€150,889 | +15.0% |
| Equity | 10/15 | -€36,686 | -€42,907 | -€6,221 | -17.0% |
| Contributions | 10/11 | €140,450 | €140,450 | = | 0.0% |
| Reserves | 13 | €20,971 | €20,971 | = | 0.0% |
| Distributable reserves | 133 | €20,971 | €20,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,108 | -€204,329 | -€6,221 | -3.1% |
| Amounts payable | 17/49 | €1,039,981 | €1,197,091 | +€157,110 | +15.1% |
| Amounts payable after more than one year | 17 | €282,601 | €851,761 | +€569,159 | +201.4% |
| Financial debts | 170/4 | €282,601 | €851,761 | +€569,159 | +201.4% |
| Amounts payable within one year | 42/48 | €731,230 | €343,439 | -€387,790 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €10,627 | €10,841 | +€213 | +2.0% |
| Financial debts | 43 | €700,000 | €325,000 | -€375,000 | -53.6% |
| Credit institutions | 430/8 | €700,000 | €325,000 | -€375,000 | -53.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,622 | €4,102 | +€1,480 | +56.4% |
| Taxes | 450/3 | €2,622 | €4,102 | +€1,480 | +56.4% |
| Other amounts payable | 47/48 | €17,981 | €3,497 | -€14,484 | -80.6% |
| Accrued charges and deferred income | 492/3 | €26,150 | €1,891 | -€24,259 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,342 | €18,200 | +€7,858 | +76.0% |
| Other operating charges | 640/8 | €3,965 | €3,880 | -€86 | -2.2% |
| Gross operating margin | 9900 | €49,064 | €16,428 | -€32,635 | -66.5% |
| Operating profit (loss) | 9901 | €34,757 | -€5,651 | -€40,408 | |
| Financial income | 75/76B | €13,082 | €19,803 | +€6,721 | +51.4% |
| Recurring financial income | 75 | €13,082 | €19,803 | +€6,721 | +51.4% |
| Financial charges | 65/66B | €32,932 | €19,830 | -€13,102 | -39.8% |
| Recurring financial charges | 65 | €32,932 | €19,830 | -€13,102 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €14,906 | -€5,678 | -€20,584 | |
| Income taxes | 67/77 | €440 | €543 | +€103 | +23.3% |
| Profit (loss) for the period | 9904 | €14,466 | -€6,221 | -€20,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,466 | -€6,221 | -€20,687 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.