RedFox: 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.
RedFox
Largest movements
- Cash +€211,177
up €211,177 (+135.5%), from €155,876 to €367,053
mainly Current investments (+€101,587) and Net result for the year (+€85,436)
- Current investments -€101,587
down €101,587 (-63.4%), from €160,244 to €58,658
- Tangible fixed assets -€19,256
down €19,256 (-27.2%), from €70,831 to €51,575
of which Furniture and vehicles: -€16,764
- Reserves +€58,648
up €58,648 (+30.3%), from €193,317 to €251,966
of which Distributable reserves: +€58,648
- Other debts +€29,050
up €29,050 (+18.1%), from €160,247 to €189,296
- Tax, wage and social debts +€6,122
up €6,122 (+42.1%), from €14,557 to €20,679
- Gross operating margin +€46,799
up €46,799 (+45.4%), from €103,083 to €149,882
- Taxes +€15,294
up €15,294 (+84.4%), from €18,124 to €33,418
- Financial charges +€2,619
up €2,619 (+30.0%), from €8,743 to €11,363
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 | €408,507 | €501,302 | +€92,796 | +22.7% |
| Fixed assets | 21/28 | €72,347 | €53,091 | -€19,256 | -26.6% |
| Tangible fixed assets | 22/27 | €70,831 | €51,575 | -€19,256 | -27.2% |
| Furniture and vehicles | 24 | €61,360 | €44,596 | -€16,764 | -27.3% |
| Other tangible fixed assets | 26 | €9,471 | €6,979 | -€2,492 | -26.3% |
| Financial fixed assets | 28 | €1,517 | €1,517 | = | 0.0% |
| Current assets | 29/58 | €336,159 | €448,211 | +€112,051 | +33.3% |
| Amounts receivable within one year | 40/41 | €18,168 | €21,780 | +€3,612 | +19.9% |
| Trade receivables | 40 | €18,150 | €21,780 | +€3,630 | +20.0% |
| Other amounts receivable | 41 | €18 | €0 | -€18 | -100.0% |
| Current investments | 50/53 | €160,244 | €58,658 | -€101,587 | -63.4% |
| Cash at bank and in hand | 54/58 | €155,876 | €367,053 | +€211,177 | +135.5% |
| Deferred charges and accrued income | 490/1 | €1,871 | €720 | -€1,151 | -61.5% |
| Total equity and liabilities | 10/49 | €408,507 | €501,302 | +€92,796 | +22.7% |
| Equity | 10/15 | €222,975 | €279,905 | +€56,930 | +25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,317 | €251,966 | +€58,648 | +30.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €193,317 | €251,966 | +€58,648 | +30.3% |
| Profit (loss) carried forward | 14 | €23,458 | €21,740 | -€1,718 | -7.3% |
| Amounts payable | 17/49 | €185,531 | €221,397 | +€35,865 | +19.3% |
| Amounts payable within one year | 42/48 | €177,080 | €210,769 | +€33,689 | +19.0% |
| Financial debts | 43 | €44 | €0 | -€44 | -100.0% |
| Credit institutions | 430/8 | €44 | €0 | -€44 | -100.0% |
| Trade debts | 44 | €2,232 | €794 | -€1,438 | -64.4% |
| Suppliers | 440/4 | €2,232 | €794 | -€1,438 | -64.4% |
| Taxes, remuneration and social security | 45 | €14,557 | €20,679 | +€6,122 | +42.1% |
| Taxes | 450/3 | €14,557 | €20,679 | +€6,122 | +42.1% |
| Other amounts payable | 47/48 | €160,247 | €189,296 | +€29,050 | +18.1% |
| Accrued charges and deferred income | 492/3 | €8,451 | €10,627 | +€2,176 | +25.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,143 | €21,515 | -€628 | -2.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €103,083 | €149,882 | +€46,799 | +45.4% |
| Operating profit (loss) | 9901 | €80,553 | €127,968 | +€47,415 | +58.9% |
| Financial income | 75/76B | €3,045 | €2,249 | -€796 | -26.1% |
| Recurring financial income | 75 | €3,045 | €2,249 | -€796 | -26.1% |
| Financial charges | 65/66B | €8,743 | €11,363 | +€2,619 | +30.0% |
| Recurring financial charges | 65 | €8,743 | €11,363 | +€2,619 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €74,854 | €118,854 | +€44,000 | +58.8% |
| Income taxes | 67/77 | €18,124 | €33,418 | +€15,294 | +84.4% |
| Profit (loss) for the period | 9904 | €56,730 | €85,436 | +€28,705 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,730 | €85,436 | +€28,705 | +50.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.