C. TIXHON: 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.
C. TIXHON
Largest movements
- Receivables within one year -€51,756
down €51,756 (-48.6%), from €106,435 to €54,679
of which Trade receivables: -€51,869
- Cash +€12,303
up €12,303 (+376%), from €3,272 to €15,574
mainly Receivables within one year (+€51,756) and Depreciation (+€5,235)
- Stocks and contracts +€7,850
up €7,850 (+67.1%), from €11,696 to €19,546
of which Contracts in progress: +€3,952
- Tangible fixed assets -€5,235
down €5,235 (-49.6%), from €10,551 to €5,316
of which Leasing and similar rights: -€4,944
- Financial fixed assets +€1,540
up €1,540 (+21.2%), from €7,262 to €8,802
- Trade debts -€18,597
down €18,597 (-48.8%), from €38,132 to €19,534
- Other debts -€11,623
down €11,623 (-61.4%), from €18,946 to €7,322
- Debts after one year -€5,178
down €5,178 (-100%), from €5,178 to €0
- Short-term financial debts +€5,000
up €5,000 (+9.1%), from €55,000 to €60,000
- Tax, wage and social debts -€2,873
down €2,873 (-22.9%), from €12,560 to €9,687
of which Remuneration and social security: -€2,463
- Gross operating margin -€14,262
down €14,262 (-12.7%), from €112,376 to €98,115
- Financial charges -€7,640
down €7,640 (-78.5%), from €9,726 to €2,086
- Financial income -€2,243
down €2,243 (-99.1%), from €2,264 to €21
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 | €139,341 | €105,490 | -€33,851 | -24.3% |
| Fixed assets | 21/28 | €17,814 | €14,118 | -€3,695 | -20.7% |
| Tangible fixed assets | 22/27 | €10,551 | €5,316 | -€5,235 | -49.6% |
| Plant, machinery and equipment | 23 | €41 | €0 | -€41 | -100% |
| Furniture and vehicles | 24 | €1,150 | €900 | -€250 | -21.7% |
| Leasing and similar rights | 25 | €9,360 | €4,416 | -€4,944 | -52.8% |
| Financial fixed assets | 28 | €7,262 | €8,802 | +€1,540 | +21.2% |
| Current assets | 29/58 | €121,527 | €91,372 | -€30,155 | -24.8% |
| Stocks and contracts in progress | 3 | €11,696 | €19,546 | +€7,850 | +67.1% |
| Stocks | 30/36 | €8,532 | €12,430 | +€3,897 | +45.7% |
| Contracts in progress | 37 | €3,164 | €7,116 | +€3,952 | +125% |
| Amounts receivable within one year | 40/41 | €106,435 | €54,679 | -€51,756 | -48.6% |
| Trade receivables | 40 | €105,826 | €53,957 | -€51,869 | -49.0% |
| Other amounts receivable | 41 | €610 | €722 | +€112 | +18.4% |
| Cash at bank and in hand | 54/58 | €3,272 | €15,574 | +€12,303 | +376% |
| Deferred charges and accrued income | 490/1 | €124 | €1,573 | +€1,449 | +1,169% |
| Total equity and liabilities | 10/49 | €139,341 | €105,490 | -€33,851 | -24.3% |
| Equity | 10/15 | €4,476 | €3,618 | -€857 | -19.2% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €2,727 | €2,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,519 | -€26,377 | -€857 | -3.4% |
| Amounts payable | 17/49 | €134,865 | €101,872 | -€32,993 | -24.5% |
| Amounts payable after more than one year | 17 | €5,178 | €0 | -€5,178 | -100% |
| Financial debts | 170/4 | €5,178 | €0 | -€5,178 | -100% |
| Amounts payable within one year | 42/48 | €129,537 | €101,722 | -€27,815 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €4,900 | €5,178 | +€278 | +5.7% |
| Financial debts | 43 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Credit institutions | 430/8 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Trade debts | 44 | €38,132 | €19,534 | -€18,597 | -48.8% |
| Suppliers | 440/4 | €38,132 | €19,534 | -€18,597 | -48.8% |
| Taxes, remuneration and social security | 45 | €12,560 | €9,687 | -€2,873 | -22.9% |
| Taxes | 450/3 | €472 | €62 | -€409 | -86.8% |
| Remuneration and social security | 454/9 | €12,088 | €9,625 | -€2,463 | -20.4% |
| Other amounts payable | 47/48 | €18,946 | €7,322 | -€11,623 | -61.4% |
| Accrued charges and deferred income | 492/3 | €150 | €150 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €91,001 | €89,919 | -€1,081 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,280 | €5,235 | -€45 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€789 | €0 | +€789 | |
| Other operating charges | 640/8 | €507 | €149 | -€358 | -70.7% |
| Non-recurring operating charges | 66A | - | €1,604 | +€1,604 | |
| Gross operating margin | 9900 | €112,376 | €98,115 | -€14,262 | -12.7% |
| Operating profit (loss) | 9901 | €16,377 | €1,208 | -€15,170 | -92.6% |
| Financial income | 75/76B | €2,264 | €21 | -€2,243 | -99.1% |
| Recurring financial income | 75 | €2,264 | €21 | -€2,243 | -99.1% |
| Financial charges | 65/66B | €9,726 | €2,086 | -€7,640 | -78.5% |
| Recurring financial charges | 65 | €9,726 | €2,086 | -€7,640 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €8,915 | -€857 | -€9,773 | |
| Profit (loss) for the period | 9904 | €8,915 | -€857 | -€9,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,915 | -€857 | -€9,773 |
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 24 October 2026 via checked.be.