Lady & the Fox: 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.
Lady & the Fox
Largest movements
- Tangible fixed assets +€13,854
up €13,854 (+254%), from €5,459 to €19,313
of which Land and buildings: +€7,854
- Cash -€7,072
down €7,072 (-19.9%), from €35,620 to €28,548
mainly Tax, wage and social debts (-€20,915) and Investment in fixed assets (net) (-€16,149)
- Receivables within one year -€6,501
down €6,501 (-45.8%), from €14,182 to €7,681
of which Trade receivables: -€11,065
- Deferred charges and accrued income -€5,661
down €5,661 (-97.6%), from €5,801 to €140
- Reserves +€23,979
up €23,979 (+68.4%), from €35,068 to €59,047
- Tax, wage and social debts -€20,915
no longer reported in 2025 (was €20,915)
- Other debts -€8,462
no longer reported in 2025 (was €8,462)
- Current portion of long-term debt +€6,187
up €6,187 (+211%), from €2,934 to €9,121
- Trade debts -€3,296
down €3,296 (-45.7%), from €7,218 to €3,922
- Gross operating margin -€9,953
down €9,953 (-19.2%), from €51,749 to €41,796
- Other operating charges -€7,253
down €7,253 (-68.5%), from €10,594 to €3,342
- Financial charges +€1,907
up €1,907 (+165%), from €1,157 to €3,063
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 | €85,653 | €80,907 | -€4,746 | -5.5% |
| Fixed assets | 21/28 | €5,659 | €19,513 | +€13,854 | +245% |
| Tangible fixed assets | 22/27 | €5,459 | €19,313 | +€13,854 | +254% |
| Land and buildings | 22 | - | €7,854 | +€7,854 | |
| Plant, machinery and equipment | 23 | €3,787 | €9,538 | +€5,751 | +152% |
| Furniture and vehicles | 24 | - | €1,085 | +€1,085 | |
| Other tangible fixed assets | 26 | €1,672 | €836 | -€836 | -50.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €79,994 | €61,395 | -€18,599 | -23.3% |
| Amounts receivable after more than one year | 29 | €24,391 | €25,026 | +€634 | +2.6% |
| Other amounts receivable | 291 | €24,391 | €25,026 | +€634 | +2.6% |
| Amounts receivable within one year | 40/41 | €14,182 | €7,681 | -€6,501 | -45.8% |
| Trade receivables | 40 | €14,182 | €3,117 | -€11,065 | -78.0% |
| Other amounts receivable | 41 | - | €4,565 | +€4,565 | |
| Cash at bank and in hand | 54/58 | €35,620 | €28,548 | -€7,072 | -19.9% |
| Deferred charges and accrued income | 490/1 | €5,801 | €140 | -€5,661 | -97.6% |
| Total equity and liabilities | 10/49 | €85,653 | €80,907 | -€4,746 | -5.5% |
| Equity | 10/15 | €38,668 | €62,647 | +€23,979 | +62.0% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €35,068 | €59,047 | +€23,979 | +68.4% |
| Distributable reserves | 133 | €35,068 | €59,047 | +€23,979 | +68.4% |
| Amounts payable | 17/49 | €46,985 | €18,260 | -€28,724 | -61.1% |
| Amounts payable after more than one year | 17 | €7,456 | €4,187 | -€3,269 | -43.8% |
| Financial debts | 170/4 | €7,456 | €4,187 | -€3,269 | -43.8% |
| Amounts payable within one year | 42/48 | €39,529 | €14,074 | -€25,455 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €2,934 | €9,121 | +€6,187 | +211% |
| Financial debts | 43 | - | €149 | +€149 | |
| Credit institutions | 430/8 | - | €149 | +€149 | |
| Trade debts | 44 | €7,218 | €3,922 | -€3,296 | -45.7% |
| Suppliers | 440/4 | €7,218 | €3,922 | -€3,296 | -45.7% |
| Advances received on contracts in progress | 46 | - | €882 | +€882 | |
| Taxes, remuneration and social security | 45 | €20,915 | - | -€20,915 | |
| Taxes | 450/3 | €20,915 | - | -€20,915 | |
| Other amounts payable | 47/48 | €8,462 | - | -€8,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €2,295 | -€4 | -0.2% |
| Other operating charges | 640/8 | €10,594 | €3,342 | -€7,253 | -68.5% |
| Gross operating margin | 9900 | €51,749 | €41,796 | -€9,953 | -19.2% |
| Operating profit (loss) | 9901 | €38,856 | €36,159 | -€2,696 | -6.9% |
| Financial income | 75/76B | €765 | €721 | -€45 | -5.9% |
| Recurring financial income | 75 | €765 | €721 | -€45 | -5.9% |
| Financial charges | 65/66B | €1,157 | €3,063 | +€1,907 | +165% |
| Recurring financial charges | 65 | €1,157 | €3,063 | +€1,907 | +165% |
| Profit (loss) for the period before taxes | 9903 | €38,464 | €33,817 | -€4,647 | -12.1% |
| Income taxes | 67/77 | €9,710 | €9,838 | +€128 | +1.3% |
| Profit (loss) for the period | 9904 | €28,754 | €23,979 | -€4,775 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,754 | €23,979 | -€4,775 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.