T@C - 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.
T@C - TEX
Largest movements
- Receivables within one year +€73,667
up €73,667 (+19.9%), from €371,011 to €444,678
of which Trade receivables: +€47,964
- Tangible fixed assets -€60,728
down €60,728 (-7.4%), from €824,109 to €763,381
of which Land and buildings: -€56,740
- Cash -€21,013
down €21,013 (-82.9%), from €25,340 to €4,327
mainly Receivables within one year (-€73,667) and Debts after one year (-€53,785)
- Debts after one year -€53,785
down €53,785 (-17.3%), from €310,219 to €256,435
- Other debts +€37,844
up €37,844 (+36.0%), from €105,118 to €142,962
- Reserves +€16,268
up €16,268 (+9.0%), from €180,227 to €196,495
of which Distributable reserves: +€22,666
- Gross operating margin +€93,441
up €93,441 (+158%), from €59,258 to €152,699
- Taxes +€34,646
up €34,646 (+4,123%), from €840 to €35,486
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 | €1,223,867 | €1,215,166 | -€8,700 | -0.7% |
| Fixed assets | 21/28 | €824,109 | €763,381 | -€60,728 | -7.4% |
| Tangible fixed assets | 22/27 | €824,109 | €763,381 | -€60,728 | -7.4% |
| Land and buildings | 22 | €812,987 | €756,246 | -€56,740 | -7.0% |
| Furniture and vehicles | 24 | €11,122 | €7,135 | -€3,988 | -35.9% |
| Current assets | 29/58 | €399,757 | €451,785 | +€52,028 | +13.0% |
| Amounts receivable within one year | 40/41 | €371,011 | €444,678 | +€73,667 | +19.9% |
| Trade receivables | 40 | €3,192 | €51,156 | +€47,964 | +1,503% |
| Other amounts receivable | 41 | €367,820 | €393,522 | +€25,702 | +7.0% |
| Cash at bank and in hand | 54/58 | €25,340 | €4,327 | -€21,013 | -82.9% |
| Deferred charges and accrued income | 490/1 | €3,407 | €2,781 | -€626 | -18.4% |
| Total equity and liabilities | 10/49 | €1,223,867 | €1,215,166 | -€8,700 | -0.7% |
| Equity | 10/15 | €574,481 | €590,749 | +€16,268 | +2.8% |
| Contributions | 10/11 | €216,000 | €216,000 | = | 0.0% |
| Reserves | 13 | €180,227 | €196,495 | +€16,268 | +9.0% |
| Tax-exempt reserves | 132 | €104,175 | €97,776 | -€6,399 | -6.1% |
| Distributable reserves | 133 | €76,053 | €98,719 | +€22,666 | +29.8% |
| Profit (loss) carried forward | 14 | €178,254 | €178,254 | = | 0.0% |
| Provisions and deferred taxes | 16 | €34,725 | €32,592 | -€2,133 | -6.1% |
| Deferred taxes | 168 | €34,725 | €32,592 | -€2,133 | -6.1% |
| Amounts payable | 17/49 | €614,661 | €591,825 | -€22,835 | -3.7% |
| Amounts payable after more than one year | 17 | €310,219 | €256,435 | -€53,785 | -17.3% |
| Financial debts | 170/4 | €310,219 | €256,435 | -€53,785 | -17.3% |
| Amounts payable within one year | 42/48 | €301,745 | €333,327 | +€31,581 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €52,998 | €53,785 | +€787 | +1.5% |
| Trade debts | 44 | €99,933 | €98,551 | -€1,383 | -1.4% |
| Suppliers | 440/4 | €99,933 | €98,551 | -€1,383 | -1.4% |
| Taxes, remuneration and social security | 45 | €43,696 | €38,029 | -€5,667 | -13.0% |
| Taxes | 450/3 | €43,696 | €38,029 | -€5,667 | -13.0% |
| Other amounts payable | 47/48 | €105,118 | €142,962 | +€37,844 | +36.0% |
| Accrued charges and deferred income | 492/3 | €2,696 | €2,064 | -€632 | -23.4% |
| Non-recurring operating income | 76A | €14,118 | €4,525 | -€9,593 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,379 | €60,728 | -€651 | -1.1% |
| Other operating charges | 640/8 | €5,864 | €6,239 | +€375 | +6.4% |
| Gross operating margin | 9900 | €59,258 | €152,699 | +€93,441 | +158% |
| Operating profit (loss) | 9901 | -€7,985 | €85,733 | +€93,717 | |
| Financial income | 75/76B | €7,620 | €7,241 | -€379 | -5.0% |
| Recurring financial income | 75 | €7,620 | €7,241 | -€379 | -5.0% |
| Financial charges | 65/66B | €6,777 | €5,353 | -€1,424 | -21.0% |
| Recurring financial charges | 65 | €6,777 | €5,353 | -€1,424 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,141 | €87,621 | +€94,762 | |
| Transfer from deferred taxes | 780 | €2,133 | €2,133 | +€0 | 0.0% |
| Income taxes | 67/77 | €840 | €35,486 | +€34,646 | +4,123% |
| Profit (loss) for the period | 9904 | -€5,849 | €54,268 | +€60,116 | |
| Transfer from tax-exempt reserves | 789 | €6,399 | €6,399 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €550 | €60,666 | +€60,116 | +10,932% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.