FOXROAD: 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.
FOXROAD
Largest movements
- Receivables within one year -€67,793
no longer reported in 2025 (was €67,793)
- Tangible fixed assets -€29,757
down €29,757 (-4.0%), from €742,515 to €712,758
of which Land and buildings: -€26,793
- Cash -€18,534
down €18,534 (-42.6%), from €43,503 to €24,968
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€20,511)
- Reserves -€120,511
down €120,511 (-14.9%), from €808,020 to €687,509
of which Distributable reserves: -€113,700
- Financial charges -€2,070
down €2,070 (-75.6%), from €2,738 to €668
- Gross operating margin -€1,569
down €1,569 (-9.8%), from €15,945 to €14,376
- Other operating charges +€1,403
up €1,403 (+19.1%), from €7,349 to €8,752
- Financial income -€1,226
down €1,226 (-40.1%), from €3,058 to €1,832
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 | €879,161 | €763,678 | -€115,483 | -13.1% |
| Fixed assets | 21/28 | €742,515 | €712,758 | -€29,757 | -4.0% |
| Tangible fixed assets | 22/27 | €742,515 | €712,758 | -€29,757 | -4.0% |
| Land and buildings | 22 | €727,034 | €700,241 | -€26,793 | -3.7% |
| Furniture and vehicles | 24 | €15,480 | €12,516 | -€2,964 | -19.1% |
| Current assets | 29/58 | €136,646 | €50,921 | -€85,726 | -62.7% |
| Amounts receivable within one year | 40/41 | €67,793 | - | -€67,793 | |
| Other amounts receivable | 41 | €67,793 | - | -€67,793 | |
| Cash at bank and in hand | 54/58 | €43,503 | €24,968 | -€18,534 | -42.6% |
| Deferred charges and accrued income | 490/1 | €25,350 | €25,952 | +€602 | +2.4% |
| Total equity and liabilities | 10/49 | €879,161 | €763,678 | -€115,483 | -13.1% |
| Equity | 10/15 | €814,218 | €693,707 | -€120,511 | -14.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €808,020 | €687,509 | -€120,511 | -14.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,783 | €108,972 | -€6,811 | -5.9% |
| Distributable reserves | 133 | €690,378 | €576,678 | -€113,700 | -16.5% |
| Provisions and deferred taxes | 16 | €59,619 | €56,112 | -€3,507 | -5.9% |
| Deferred taxes | 168 | €59,619 | €56,112 | -€3,507 | -5.9% |
| Amounts payable | 17/49 | €5,324 | €13,860 | +€8,535 | +160% |
| Amounts payable within one year | 42/48 | €3,159 | €12,283 | +€9,124 | +289% |
| Financial debts | 43 | €52 | €303 | +€251 | +484% |
| Credit institutions | 430/8 | €52 | €303 | +€251 | +484% |
| Trade debts | 44 | €1,671 | €2,608 | +€937 | +56.1% |
| Suppliers | 440/4 | €1,671 | €2,608 | +€937 | +56.1% |
| Taxes, remuneration and social security | 45 | €1,436 | €1,625 | +€189 | +13.2% |
| Taxes | 450/3 | €1,436 | €1,625 | +€189 | +13.2% |
| Other amounts payable | 47/48 | - | €7,748 | +€7,748 | |
| Accrued charges and deferred income | 492/3 | €2,166 | €1,577 | -€589 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,839 | €29,757 | -€82 | -0.3% |
| Other operating charges | 640/8 | €7,349 | €8,752 | +€1,403 | +19.1% |
| Gross operating margin | 9900 | €15,945 | €14,376 | -€1,569 | -9.8% |
| Operating profit (loss) | 9901 | -€21,243 | -€24,133 | -€2,890 | -13.6% |
| Financial income | 75/76B | €3,058 | €1,832 | -€1,226 | -40.1% |
| Recurring financial income | 75 | €3,058 | €1,832 | -€1,226 | -40.1% |
| Financial charges | 65/66B | €2,738 | €668 | -€2,070 | -75.6% |
| Recurring financial charges | 65 | €2,738 | €668 | -€2,070 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,922 | -€22,968 | -€2,046 | -9.8% |
| Transfer from deferred taxes | 780 | €3,507 | €3,507 | = | 0.0% |
| Income taxes | 67/77 | €1,047 | €1,050 | +€2 | +0.2% |
| Profit (loss) for the period | 9904 | -€18,462 | -€20,511 | -€2,049 | -11.1% |
| Transfer from tax-exempt reserves | 789 | €6,811 | €6,811 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,652 | -€13,700 | -€2,049 | -17.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.