FOXY: 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.
FOXY
Largest movements
- Financial fixed assets +€21,600
up €21,600 (+19.5%), from €110,948 to €132,548
- Deferred charges and accrued income -€13,357
no longer reported in 2025 (was €13,357)
- Receivables within one year -€12,509
down €12,509 (-82.0%), from €15,263 to €2,754
of which Trade receivables: -€12,520
- Tangible fixed assets -€10,393
down €10,393 (-39.5%), from €26,322 to €15,929
of which Furniture and vehicles: -€5,717
- Tax, wage and social debts -€9,813
down €9,813 (-57.4%), from €17,083 to €7,270
- Reserves +€9,300
up €9,300 (+500.0%), from €1,860 to €11,160
- Debts after one year -€7,365
down €7,365 (-60.5%), from €12,172 to €4,807
of which Financial debts: -€12,172
- Profit (loss) carried forward -€6,942
down €6,942 (-5.8%), from €119,180 to €112,239
- Current portion of long-term debt -€5,090
down €5,090 (-95.9%), from €5,306 to €216
- Gross operating margin -€11,706
down €11,706 (-47.7%), from €24,539 to €12,833
- Taxes -€2,380
down €2,380 (-44.6%), from €5,342 to €2,962
- Financial charges +€490
up €490 (+177.2%), from €277 to €767
- Other operating charges +€284
up €284 (+46.9%), from €605 to €888
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.
Cash bridge derived
A cash bridge needs two consecutive fiscal 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 | €169,643 | €153,611 | -€16,032 | -9.5% |
| Fixed assets | 21/28 | €137,269 | €148,477 | +€11,207 | +8.2% |
| Tangible fixed assets | 22/27 | €26,322 | €15,929 | -€10,393 | -39.5% |
| Land and buildings | 22 | €17,746 | €13,071 | -€4,676 | -26.3% |
| Furniture and vehicles | 24 | €8,575 | €2,858 | -€5,717 | -66.7% |
| Financial fixed assets | 28 | €110,948 | €132,548 | +€21,600 | +19.5% |
| Current assets | 29/58 | €32,374 | €5,135 | -€27,239 | -84.1% |
| Amounts receivable within one year | 40/41 | €15,263 | €2,754 | -€12,509 | -82.0% |
| Trade receivables | 40 | €15,250 | €2,730 | -€12,520 | -82.1% |
| Other amounts receivable | 41 | €14 | €24 | +€11 | +79.4% |
| Cash at bank and in hand | 54/58 | €3,753 | €2,380 | -€1,373 | -36.6% |
| Deferred charges and accrued income | 490/1 | €13,357 | - | -€13,357 | |
| Total equity and liabilities | 10/49 | €169,643 | €153,611 | -€16,032 | -9.5% |
| Equity | 10/15 | €133,440 | €135,799 | +€2,358 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,160 | +€9,300 | +500.0% |
| Distributable reserves | 133 | €1,860 | €11,160 | +€9,300 | +500.0% |
| Profit (loss) carried forward | 14 | €119,180 | €112,239 | -€6,942 | -5.8% |
| Amounts payable | 17/49 | €36,203 | €17,813 | -€18,390 | -50.8% |
| Amounts payable after more than one year | 17 | €12,172 | €4,807 | -€7,365 | -60.5% |
| Financial debts | 170/4 | €12,172 | - | -€12,172 | |
| Other amounts payable | 178/9 | - | €4,807 | +€4,807 | |
| Amounts payable within one year | 42/48 | €24,030 | €13,005 | -€11,025 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €5,306 | €216 | -€5,090 | -95.9% |
| Trade debts | 44 | €1,641 | €2,018 | +€377 | +23.0% |
| Suppliers | 440/4 | €1,641 | €2,018 | +€377 | +23.0% |
| Taxes, remuneration and social security | 45 | €17,083 | €7,270 | -€9,813 | -57.4% |
| Taxes | 450/3 | €17,083 | €7,270 | -€9,813 | -57.4% |
| Other amounts payable | 47/48 | €0 | €3,500 | +€3,500 | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €5,196 | = | 0.0% |
| Other operating charges | 640/8 | €605 | €888 | +€284 | +46.9% |
| Gross operating margin | 9900 | €24,539 | €12,833 | -€11,706 | -47.7% |
| Operating profit (loss) | 9901 | €18,738 | €6,749 | -€11,989 | -64.0% |
| Financial income | 75/76B | €22 | €1 | -€20 | -94.7% |
| Recurring financial income | 75 | €22 | €1 | -€20 | -94.7% |
| Financial charges | 65/66B | €277 | €767 | +€490 | +177.2% |
| Recurring financial charges | 65 | €277 | €767 | +€490 | +177.2% |
| Profit (loss) for the period before taxes | 9903 | €18,483 | €5,983 | -€12,500 | -67.6% |
| Income taxes | 67/77 | €5,342 | €2,962 | -€2,380 | -44.6% |
| Profit (loss) for the period | 9904 | €13,142 | €3,022 | -€10,120 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,142 | €3,022 | -€10,120 | -77.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.