FOX-WARE: 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.
FOX-WARE
Largest movements
- Intangible fixed assets +€135,824
up €135,824 (+42.5%), from €319,773 to €455,597
- Receivables within one year -€131,904
down €131,904 (-27.3%), from €483,798 to €351,894
of which Trade receivables: -€265,838
- Profit (loss) carried forward -€143,745
down €143,745 (-744%), from -€19,320 to -€163,066
- Investment grants +€86,676
up €86,676 (+63.3%), from €136,837 to €223,514
- Trade debts +€59,715
up €59,715 (+448%), from €13,342 to €73,056
- Debts after one year +€15,173
up €15,173 (+5.8%), from €259,382 to €274,554
- Tax, wage and social debts -€9,158
down €9,158 (-9.3%), from €98,561 to €89,403
of which Remuneration and social security: -€5,462
- Gross operating margin -€131,273
down €131,273 (-28.8%), from €456,451 to €325,178
- Purchases and services +€109,948
up €109,948 (+69.3%), from €158,653 to €268,601
- Depreciation +€47,480
up €47,480 (+94.4%), from €50,323 to €97,803
- Financial income +€26,186
up €26,186 (+182%), from €14,411 to €40,597
- Staff costs +€8,159
up €8,159 (+2.1%), from €383,898 to €392,057
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €848,807 | €852,311 | +€3,504 | +0.4% |
| Fixed assets | 21/28 | €331,196 | €474,987 | +€143,791 | +43.4% |
| Intangible fixed assets | 21 | €319,773 | €455,597 | +€135,824 | +42.5% |
| Tangible fixed assets | 22/27 | €2,041 | €10,008 | +€7,967 | +390% |
| Furniture and vehicles | 24 | €2,041 | €10,008 | +€7,967 | +390% |
| Financial fixed assets | 28 | €9,382 | €9,382 | = | 0.0% |
| Current assets | 29/58 | €517,611 | €377,324 | -€140,287 | -27.1% |
| Amounts receivable within one year | 40/41 | €483,798 | €351,894 | -€131,904 | -27.3% |
| Trade receivables | 40 | €318,111 | €52,274 | -€265,838 | -83.6% |
| Other amounts receivable | 41 | €165,687 | €299,620 | +€133,933 | +80.8% |
| Cash at bank and in hand | 54/58 | €27,959 | €19,457 | -€8,503 | -30.4% |
| Deferred charges and accrued income | 490/1 | €5,853 | €5,973 | +€120 | +2.1% |
| Total equity and liabilities | 10/49 | €848,807 | €852,311 | +€3,504 | +0.4% |
| Equity | 10/15 | €317,517 | €260,448 | -€57,069 | -18.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,320 | -€163,066 | -€143,745 | -744% |
| Investment grants | 15 | €136,837 | €223,514 | +€86,676 | +63.3% |
| Amounts payable | 17/49 | €531,290 | €591,863 | +€60,574 | +11.4% |
| Amounts payable after more than one year | 17 | €259,382 | €274,554 | +€15,173 | +5.8% |
| Financial debts | 170/4 | €259,382 | €274,554 | +€15,173 | +5.8% |
| Amounts payable within one year | 42/48 | €261,021 | €314,214 | +€53,193 | +20.4% |
| Trade debts | 44 | €13,342 | €73,056 | +€59,715 | +448% |
| Suppliers | 440/4 | €13,342 | €73,056 | +€59,715 | +448% |
| Taxes, remuneration and social security | 45 | €98,561 | €89,403 | -€9,158 | -9.3% |
| Taxes | 450/3 | €43,308 | €39,612 | -€3,696 | -8.5% |
| Remuneration and social security | 454/9 | €55,253 | €49,791 | -€5,462 | -9.9% |
| Other amounts payable | 47/48 | €149,118 | €151,754 | +€2,636 | +1.8% |
| Accrued charges and deferred income | 492/3 | €10,887 | €3,095 | -€7,792 | -71.6% |
| Turnover | 70 | €339,256 | €339,461 | +€206 | +0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €158,653 | €268,601 | +€109,948 | +69.3% |
| Remuneration, social security and pensions | 62 | €383,898 | €392,057 | +€8,159 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,323 | €97,803 | +€47,480 | +94.4% |
| Other operating charges | 640/8 | €789 | €927 | +€138 | +17.5% |
| Gross operating margin | 9900 | €456,451 | €325,178 | -€131,273 | -28.8% |
| Operating profit (loss) | 9901 | €21,441 | -€165,609 | -€187,050 | |
| Financial income | 75/76B | €14,411 | €40,597 | +€26,186 | +182% |
| Recurring financial income | 75 | €14,411 | €40,597 | +€26,186 | +182% |
| Financial charges | 65/66B | €16,483 | €17,601 | +€1,118 | +6.8% |
| Recurring financial charges | 65 | €16,483 | €17,601 | +€1,118 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €19,369 | -€142,613 | -€161,982 | |
| Income taxes | 67/77 | €1,187 | €1,132 | -€55 | -4.6% |
| Profit (loss) for the period | 9904 | €18,182 | -€143,745 | -€161,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,182 | -€143,745 | -€161,928 |
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 17 October 2026 via checked.be.