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I. INTRODUCTION
By the Chairman of the Board of Directors
Financial Review
Key figures 2000 - 2004
Company profile
Management of Blue Fox
Vision, mission and strategy
International geographical network
Blue Fox' activities
Solutions for the carpet and weave industry
Solutions for the fashion and print industry
ERP solutions for the textile and apparel industry
Solutions for the industry for GIS, engineering and visualisation
Solutions for engineering, recruitment and training
II. REPORT OF THE BOARD OF DIRECTORS
Blue Fox in the past year
Trends in our markets
Textile and Apparel Software division
Engineering and Geographic Information Software division
Non-core activities
Financing and financing structure
Risk management and System of internal controls
Staff and organisation
Board of Directors
Management Team
Outlook 2005
III. REPORT OF THE SUPERVISORY BOARD
General
Profile
Supervisory Board
Changes in the Supervisory Board
Report on the past year
Committees of the Supervisory Board
Independence of the Supervisory Board
External auditor
Annual accounts
IV. SHAREHOLDER INFORMATION
Investor Relations
Corporate Governance
Risk profile
Dividend policy
International Financial Reporting Standards (IFRS)
Staff options
Interests
Prevention of insider trading
"Stichting Continuïteit Blue Fox Enterprises N.V."
Interim publications and information
Important dates
Important events in 2004
Important events after balance sheet date
V. ANNUAL ACCOUNT 2004
General information
Summary of accounting policies
Consolidated balance sheet as at 31 December 2004
Consolidated profit and loss account for 2004
Consolidated cash flow statement for 2004
Notes to the consolidated annual accounts 2004
Company balance sheet as at 31 December 2004
Company profit and loss account for 2004
Notes to the company annual accounts for 2004
VI. OTHER INFORMATION
Auditors' report
Statutory provisions concerning result appropriation
Proposal result appropriation 2004
Group offices
Glossary