PAPER - 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.
PAPER - TEX
Largest movements
- Receivables within one year -€4,162
down €4,162 (-51.1%), from €8,140 to €3,978
of which Other amounts receivable: -€4,540
- Intangible fixed assets -€1,500
down €1,500 (-20.0%), from €7,500 to €6,000
- Deferred charges and accrued income +€998
up €998 (+25.3%), from €3,938 to €4,935
- Profit (loss) carried forward -€5,078
down €5,078 (-16.4%), from -€30,902 to -€35,980
- Trade debts +€1,064
new in 2025: €1,064
- Gross operating margin -€1,028
down €1,028 (-44.6%), from €2,306 to €1,278
- Other operating charges -€449
down €449 (-42.3%), from €1,062 to €613
- Financial charges -€103
down €103 (-30.0%), from €343 to €240
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 | €77,990 | €73,735 | -€4,255 | -5.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €7,500 | €6,000 | -€1,500 | -20.0% |
| Intangible fixed assets | 21 | €7,500 | €6,000 | -€1,500 | -20.0% |
| Current assets | 29/58 | €70,490 | €67,735 | -€2,755 | -3.9% |
| Amounts receivable after more than one year | 29 | €57,000 | €57,000 | = | 0.0% |
| Other amounts receivable | 291 | €57,000 | €57,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,140 | €3,978 | -€4,162 | -51.1% |
| Trade receivables | 40 | €3,140 | €3,517 | +€377 | +12.0% |
| Other amounts receivable | 41 | €5,000 | €460 | -€4,540 | -90.8% |
| Cash at bank and in hand | 54/58 | €1,413 | €1,822 | +€410 | +29.0% |
| Deferred charges and accrued income | 490/1 | €3,938 | €4,935 | +€998 | +25.3% |
| Total equity and liabilities | 10/49 | €77,990 | €73,735 | -€4,255 | -5.5% |
| Equity | 10/15 | €76,698 | €71,620 | -€5,078 | -6.6% |
| Contributions | 10/11 | €107,600 | €107,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,902 | -€35,980 | -€5,078 | -16.4% |
| Amounts payable | 17/49 | €1,292 | €2,115 | +€822 | +63.7% |
| Amounts payable within one year | 42/48 | €1,292 | €2,115 | +€822 | +63.7% |
| Trade debts | 44 | - | €1,064 | +€1,064 | |
| Suppliers | 440/4 | - | €1,064 | +€1,064 | |
| Taxes, remuneration and social security | 45 | €241 | - | -€241 | |
| Taxes | 450/3 | €241 | - | -€241 | |
| Other amounts payable | 47/48 | €1,051 | €1,051 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,062 | €613 | -€449 | -42.3% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €2,306 | €1,278 | -€1,028 | -44.6% |
| Operating profit (loss) | 9901 | -€256 | -€5,835 | -€5,579 | -2,178% |
| Financial income | 75/76B | €998 | €998 | = | 0.0% |
| Recurring financial income | 75 | €998 | €998 | = | 0.0% |
| Financial charges | 65/66B | €343 | €240 | -€103 | -30.0% |
| Recurring financial charges | 65 | €343 | €240 | -€103 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €398 | -€5,078 | -€5,476 | |
| Profit (loss) for the period | 9904 | €398 | -€5,078 | -€5,476 | |
| Profit (loss) for the period to be appropriated | 9905 | €398 | -€5,078 | -€5,476 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.