TEX: what changed
What changed
TEX
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€43,820
2024 · €118,334-€74,514
Equity
€395,787
2024 · €351,967+€43,820
Cash
€9,523
2024 · €52,840-€43,317
Balance sheet total
€1.0m
2024 · €869,385+€172,953
Largest movements
Assets
- Receivables within one year +€81,605
up €81,605 (+13.2%), from €618,947 to €700,552
of which Other amounts receivable: +€157,712
- Stocks and contracts +€76,302
up €76,302 (+2,915%), from €2,618 to €78,920
of which Contracts in progress: +€75,000
- Tangible fixed assets +€48,817
up €48,817 (+29.1%), from €167,966 to €216,783
of which Furniture and vehicles: +€41,595
- Cash -€43,317
down €43,317 (-82.0%), from €52,840 to €9,523
mainly Investment in fixed assets (net) (-€105,544) and Receivables within one year (-€81,605)
Equity and liabilities
- Short-term financial debts +€89,299
up €89,299 (+699%), from €12,781 to €102,080
- Trade debts +€86,778
up €86,778 (+39.6%), from €219,042 to €305,821
- Other debts -€47,741
down €47,741 (-96.2%), from €49,624 to €1,883
- Profit (loss) carried forward +€43,820
up €43,820 (+16.7%), from €262,217 to €306,037
Income statement
- Gross operating margin -€108,724
down €108,724 (-14.0%), from €776,168 to €667,444
- Taxes -€22,169
down €22,169 (-53.9%), from €41,129 to €18,960
- Staff costs -€11,396
down €11,396 (-2.1%), from €555,451 to €544,056
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,334
Gross operating margin
-€108,724
Staff costs
+€11,396
Depreciation
-€4,841
Other operating charges
+€3,986
Financial income
+€7,130
Financial charges
-€5,628
Taxes
+€22,169
Result 2025
€43,820
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€31,681
Investment
-€105,544
Financing
+€93,908
Cash 2024
€52,840
From operations (derived)
-€31,681
Net result for the year
+€43,820
Depreciation
+€53,907
Stocks and contracts
-€76,302
Receivables within one year
-€81,605
Deferred charges and accrued income
-€6,726
Trade debts
+€86,778
Tax, wage and social debts
-€3,812
Other debts
-€47,741
Investment (derived)
-€105,544
Investment in fixed assets (net)
-€105,544
Financing
+€93,908
Debts after one year
+€5,877
Current portion of long-term debt
-€1,269
Short-term financial debts
+€89,299
Cash 2025
€9,523
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €869,385 | €1,042,338 | +€172,953 | +19.9% |
| Fixed assets | 21/28 | €181,776 | €233,413 | +€51,637 | +28.4% |
| Tangible fixed assets | 22/27 | €167,966 | €216,783 | +€48,817 | +29.1% |
| Land and buildings | 22 | €75,460 | €75,251 | -€209 | -0.3% |
| Plant, machinery and equipment | 23 | €34,456 | €19,421 | -€15,035 | -43.6% |
| Furniture and vehicles | 24 | €10,513 | €52,108 | +€41,595 | +396% |
| Leasing and similar rights | 25 | €44,780 | €67,246 | +€22,466 | +50.2% |
| Other tangible fixed assets | 26 | €2,757 | €2,757 | = | 0.0% |
| Financial fixed assets | 28 | €13,810 | €16,630 | +€2,820 | +20.4% |
| Current assets | 29/58 | €687,609 | €808,925 | +€121,316 | +17.6% |
| Stocks and contracts in progress | 3 | €2,618 | €78,920 | +€76,302 | +2,915% |
| Stocks | 30/36 | €2,618 | €3,920 | +€1,302 | +49.7% |
| Contracts in progress | 37 | - | €75,000 | +€75,000 | |
| Amounts receivable within one year | 40/41 | €618,947 | €700,552 | +€81,605 | +13.2% |
| Trade receivables | 40 | €367,223 | €291,117 | -€76,107 | -20.7% |
| Other amounts receivable | 41 | €251,724 | €409,436 | +€157,712 | +62.7% |
| Cash at bank and in hand | 54/58 | €52,840 | €9,523 | -€43,317 | -82.0% |
| Deferred charges and accrued income | 490/1 | €13,204 | €19,930 | +€6,726 | +50.9% |
| Total equity and liabilities | 10/49 | €869,385 | €1,042,338 | +€172,953 | +19.9% |
| Equity | 10/15 | €351,967 | €395,787 | +€43,820 | +12.5% |
| Contributions | 10/11 | €77,500 | €77,500 | = | 0.0% |
| Reserves | 13 | €12,250 | €12,250 | = | 0.0% |
| Distributable reserves | 133 | €12,250 | €12,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,217 | €306,037 | +€43,820 | +16.7% |
| Amounts payable | 17/49 | €517,419 | €646,552 | +€129,133 | +25.0% |
| Amounts payable after more than one year | 17 | €137,665 | €143,542 | +€5,877 | +4.3% |
| Financial debts | 170/4 | €137,665 | €143,542 | +€5,877 | +4.3% |
| Amounts payable within one year | 42/48 | €379,754 | €503,009 | +€123,255 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €85,101 | €83,832 | -€1,269 | -1.5% |
| Financial debts | 43 | €12,781 | €102,080 | +€89,299 | +699% |
| Credit institutions | 430/8 | €12,781 | €102,080 | +€89,299 | +699% |
| Trade debts | 44 | €219,042 | €305,821 | +€86,778 | +39.6% |
| Suppliers | 440/4 | €219,042 | €305,821 | +€86,778 | +39.6% |
| Taxes, remuneration and social security | 45 | €13,205 | €9,393 | -€3,812 | -28.9% |
| Taxes | 450/3 | €9,512 | €9,393 | -€119 | -1.3% |
| Remuneration and social security | 454/9 | €3,693 | - | -€3,693 | |
| Other amounts payable | 47/48 | €49,624 | €1,883 | -€47,741 | -96.2% |
| Remuneration, social security and pensions | 62 | €555,451 | €544,056 | -€11,396 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,066 | €53,907 | +€4,841 | +9.9% |
| Other operating charges | 640/8 | €7,695 | €3,710 | -€3,986 | -51.8% |
| Gross operating margin | 9900 | €776,168 | €667,444 | -€108,724 | -14.0% |
| Operating profit (loss) | 9901 | €163,956 | €65,773 | -€98,184 | -59.9% |
| Financial income | 75/76B | €6,864 | €13,993 | +€7,130 | +104% |
| Recurring financial income | 75 | €6,864 | €13,993 | +€7,130 | +104% |
| Financial charges | 65/66B | €11,357 | €16,985 | +€5,628 | +49.6% |
| Recurring financial charges | 65 | €11,357 | €16,985 | +€5,628 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €159,463 | €62,780 | -€96,682 | -60.6% |
| Income taxes | 67/77 | €41,129 | €18,960 | -€22,169 | -53.9% |
| Profit (loss) for the period | 9904 | €118,334 | €43,820 | -€74,514 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,334 | €43,820 | -€74,514 | -63.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.