JV - TEX: 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.
JV - TEX
Largest movements
- Receivables within one year +€94,645
up €94,645 (+131%), from €72,392 to €167,036
of which Other amounts receivable: +€79,500
- Cash +€24,027
up €24,027 (+18.0%), from €133,161 to €157,187
mainly Net result for the year (+€216,100) and Other debts (+€100,567)
- Other debts +€100,567
up €100,567 (+85.1%), from €118,234 to €218,801
- Reserves +€16,100
up €16,100 (+3.4%), from €470,708 to €486,808
of which Distributable reserves: +€16,100
- Gross operating margin +€48,297
up €48,297 (+15.0%), from €320,990 to €369,287
- Financial income -€11,002
down €11,002 (-62.4%), from €17,619 to €6,618
- Taxes +€10,532
up €10,532 (+17.0%), from €61,817 to €72,349
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 | €683,673 | €808,621 | +€124,947 | +18.3% |
| Fixed assets | 21/28 | €278,121 | €282,450 | +€4,329 | +1.6% |
| Tangible fixed assets | 22/27 | €278,121 | €282,450 | +€4,329 | +1.6% |
| Land and buildings | 22 | €278,121 | €276,545 | -€1,577 | -0.6% |
| Plant, machinery and equipment | 23 | - | €5,906 | +€5,906 | |
| Current assets | 29/58 | €405,552 | €526,171 | +€120,619 | +29.7% |
| Amounts receivable within one year | 40/41 | €72,392 | €167,036 | +€94,645 | +131% |
| Trade receivables | 40 | €67,892 | €83,036 | +€15,145 | +22.3% |
| Other amounts receivable | 41 | €4,500 | €84,000 | +€79,500 | +1,767% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,161 | €157,187 | +€24,027 | +18.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,947 | +€1,947 | |
| Total equity and liabilities | 10/49 | €683,673 | €808,621 | +€124,947 | +18.3% |
| Equity | 10/15 | €535,207 | €551,307 | +€16,100 | +3.0% |
| Contributions | 10/11 | €64,499 | €64,499 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Contributions outside capital | 11 | €499 | €499 | = | 0.0% |
| Share premium | 1100/10 | €499 | €499 | = | 0.0% |
| Reserves | 13 | €470,708 | €486,808 | +€16,100 | +3.4% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €464,308 | €480,408 | +€16,100 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,466 | €257,314 | +€108,847 | +73.3% |
| Amounts payable within one year | 42/48 | €148,466 | €257,314 | +€108,847 | +73.3% |
| Trade debts | 44 | €2,481 | €3,564 | +€1,083 | +43.7% |
| Suppliers | 440/4 | €2,481 | €3,564 | +€1,083 | +43.7% |
| Taxes, remuneration and social security | 45 | €27,752 | €34,949 | +€7,197 | +25.9% |
| Taxes | 450/3 | €22,788 | €30,014 | +€7,226 | +31.7% |
| Remuneration and social security | 454/9 | €4,964 | €4,935 | -€29 | -0.6% |
| Other amounts payable | 47/48 | €118,234 | €218,801 | +€100,567 | +85.1% |
| Remuneration, social security and pensions | 62 | €63,071 | €61,707 | -€1,364 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,105 | €2,206 | +€102 | +4.8% |
| Other operating charges | 640/8 | €21,363 | €22,104 | +€741 | +3.5% |
| Gross operating margin | 9900 | €320,990 | €369,287 | +€48,297 | +15.0% |
| Operating profit (loss) | 9901 | €234,452 | €283,271 | +€48,819 | +20.8% |
| Financial income | 75/76B | €17,619 | €6,618 | -€11,002 | -62.4% |
| Recurring financial income | 75 | €17,619 | €6,618 | -€11,002 | -62.4% |
| Financial charges | 65/66B | €4,395 | €1,439 | -€2,955 | -67.3% |
| Recurring financial charges | 65 | €4,395 | €1,439 | -€2,955 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €247,676 | €288,449 | +€40,773 | +16.5% |
| Income taxes | 67/77 | €61,817 | €72,349 | +€10,532 | +17.0% |
| Profit (loss) for the period | 9904 | €185,859 | €216,100 | +€30,241 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €185,859 | €216,100 | +€30,241 | +16.3% |
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 27 October 2026 via checked.be.