S.V.V. 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.
S.V.V. FOX
Largest movements
- Tangible fixed assets -€15,420
down €15,420 (-5.5%), from €279,609 to €264,189
of which Furniture and vehicles: -€9,596
- Receivables within one year -€3,130
down €3,130 (-39.0%), from €8,020 to €4,890
of which Trade receivables: -€3,130
- Other debts -€13,083
down €13,083 (-6.9%), from €189,993 to €176,910
- Current portion of long-term debt -€6,860
down €6,860 (-100%), from €6,860 to €0
- Tax, wage and social debts +€4,674
up €4,674 (+1,308%), from €357 to €5,031
- Gross operating margin +€18,478
up €18,478 (+294%), from €6,295 to €24,773
- Financial charges +€5,314
up €5,314 (+892%), from €596 to €5,910
- Depreciation -€2,236
down €2,236 (-12.7%), from €17,656 to €15,420
- Taxes +€1,407
up €1,407 (+456%), from €309 to €1,716
- Other operating charges -€261
down €261 (-9.1%), from €2,876 to €2,616
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 | €288,760 | €274,644 | -€14,115 | -4.9% |
| Fixed assets | 21/28 | €279,609 | €264,189 | -€15,420 | -5.5% |
| Tangible fixed assets | 22/27 | €279,609 | €264,189 | -€15,420 | -5.5% |
| Land and buildings | 22 | €268,681 | €262,857 | -€5,824 | -2.2% |
| Furniture and vehicles | 24 | €10,928 | €1,332 | -€9,596 | -87.8% |
| Current assets | 29/58 | €9,151 | €10,456 | +€1,305 | +14.3% |
| Amounts receivable within one year | 40/41 | €8,020 | €4,890 | -€3,130 | -39.0% |
| Trade receivables | 40 | €8,020 | €4,890 | -€3,130 | -39.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,131 | €3,720 | +€2,589 | +229% |
| Deferred charges and accrued income | 490/1 | - | €1,846 | +€1,846 | |
| Total equity and liabilities | 10/49 | €288,760 | €274,644 | -€14,115 | -4.9% |
| Equity | 10/15 | €83,034 | €82,397 | -€638 | -0.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €71,034 | €70,397 | -€638 | -0.9% |
| Tax-exempt reserves | 132 | €753 | €0 | -€753 | -100% |
| Distributable reserves | 133 | €70,282 | €70,397 | +€115 | +0.2% |
| Provisions and deferred taxes | 16 | €251 | €0 | -€251 | -100% |
| Deferred taxes | 168 | €251 | €0 | -€251 | -100% |
| Amounts payable | 17/49 | €205,475 | €192,248 | -€13,227 | -6.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €203,257 | €188,170 | -€15,087 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €6,860 | €0 | -€6,860 | -100% |
| Trade debts | 44 | €5,285 | €5,244 | -€41 | -0.8% |
| Suppliers | 440/4 | €5,285 | €5,244 | -€41 | -0.8% |
| Advances received on contracts in progress | 46 | €763 | €986 | +€223 | +29.2% |
| Taxes, remuneration and social security | 45 | €357 | €5,031 | +€4,674 | +1,308% |
| Taxes | 450/3 | €357 | €5,031 | +€4,674 | +1,308% |
| Other amounts payable | 47/48 | €189,993 | €176,910 | -€13,083 | -6.9% |
| Accrued charges and deferred income | 492/3 | €2,218 | €4,078 | +€1,860 | +83.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,656 | €15,420 | -€2,236 | -12.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,876 | €2,616 | -€261 | -9.1% |
| Gross operating margin | 9900 | €6,295 | €24,773 | +€18,478 | +294% |
| Operating profit (loss) | 9901 | -€14,238 | €6,737 | +€20,974 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €596 | €5,910 | +€5,314 | +892% |
| Recurring financial charges | 65 | €596 | €5,910 | +€5,314 | +892% |
| Profit (loss) for the period before taxes | 9903 | -€14,834 | €828 | +€15,661 | |
| Transfer from deferred taxes | 780 | €319 | €251 | -€68 | -21.3% |
| Income taxes | 67/77 | €309 | €1,716 | +€1,407 | +456% |
| Profit (loss) for the period | 9904 | -€14,824 | -€638 | +€14,186 | +95.7% |
| Transfer from tax-exempt reserves | 789 | €956 | €753 | -€204 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,867 | €115 | +€13,982 |
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 25 October 2026 via checked.be.