Surfing Fox: 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.
Surfing Fox
Largest movements
- Cash +€30,935
up €30,935 (+43.5%), from €71,125 to €102,060
mainly Net result for the year (+€29,654) and Receivables within one year (+€9,761)
- Receivables within one year -€9,761
down €9,761 (-32.4%), from €30,089 to €20,328
of which Trade receivables: -€11,267
- Tangible fixed assets -€1,478
down €1,478 (-47.8%), from €3,092 to €1,614
- Profit (loss) carried forward +€29,654
up €29,654 (+42.1%), from €70,436 to €100,090
- Tax, wage and social debts -€6,594
down €6,594 (-22.1%), from €29,866 to €23,272
- Trade debts -€2,567
down €2,567 (-60.7%), from €4,225 to €1,659
- Financial charges +€4,227
up €4,227 (+15.4%), from €27,382 to €31,609
- Gross operating margin -€3,288
down €3,288 (-4.4%), from €74,463 to €71,174
- Taxes -€1,721
down €1,721 (-17.3%), from €9,950 to €8,229
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 | €107,527 | €128,021 | +€20,494 | +19.1% |
| Fixed assets | 21/28 | €3,092 | €1,614 | -€1,478 | -47.8% |
| Tangible fixed assets | 22/27 | €3,092 | €1,614 | -€1,478 | -47.8% |
| Furniture and vehicles | 24 | €3,092 | €1,614 | -€1,478 | -47.8% |
| Current assets | 29/58 | €104,435 | €126,407 | +€21,971 | +21.0% |
| Amounts receivable within one year | 40/41 | €30,089 | €20,328 | -€9,761 | -32.4% |
| Trade receivables | 40 | €28,314 | €17,048 | -€11,267 | -39.8% |
| Other amounts receivable | 41 | €1,775 | €3,281 | +€1,505 | +84.8% |
| Cash at bank and in hand | 54/58 | €71,125 | €102,060 | +€30,935 | +43.5% |
| Deferred charges and accrued income | 490/1 | €3,221 | €4,019 | +€798 | +24.8% |
| Total equity and liabilities | 10/49 | €107,527 | €128,021 | +€20,494 | +19.1% |
| Equity | 10/15 | €73,436 | €103,090 | +€29,654 | +40.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,436 | €100,090 | +€29,654 | +42.1% |
| Amounts payable | 17/49 | €34,091 | €24,931 | -€9,160 | -26.9% |
| Amounts payable within one year | 42/48 | €34,091 | €24,931 | -€9,160 | -26.9% |
| Trade debts | 44 | €4,225 | €1,659 | -€2,567 | -60.7% |
| Suppliers | 440/4 | €4,225 | €1,659 | -€2,567 | -60.7% |
| Taxes, remuneration and social security | 45 | €29,866 | €23,272 | -€6,594 | -22.1% |
| Taxes | 450/3 | €29,866 | €23,272 | -€6,594 | -22.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €1,478 | +€136 | +10.2% |
| Other operating charges | 640/8 | €308 | €318 | +€9 | +3.1% |
| Gross operating margin | 9900 | €74,463 | €71,174 | -€3,288 | -4.4% |
| Operating profit (loss) | 9901 | €72,813 | €69,379 | -€3,434 | -4.7% |
| Financial income | 75/76B | €10 | €114 | +€104 | +1038.7% |
| Recurring financial income | 75 | €10 | €114 | +€104 | +1038.7% |
| Financial charges | 65/66B | €27,382 | €31,609 | +€4,227 | +15.4% |
| Recurring financial charges | 65 | €27,382 | €31,609 | +€4,227 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €45,440 | €37,883 | -€7,557 | -16.6% |
| Income taxes | 67/77 | €9,950 | €8,229 | -€1,721 | -17.3% |
| Profit (loss) for the period | 9904 | €35,490 | €29,654 | -€5,836 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,490 | €29,654 | -€5,836 | -16.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 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.