TEX-DEM: 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.
TEX-DEM
Largest movements
- Tangible fixed assets -€14,669
down €14,669 (-27.1%), from €54,141 to €39,472
of which Furniture and vehicles: -€13,696
- Cash +€6,363
up €6,363 (+22.6%), from €28,198 to €34,561
mainly Depreciation (+€14,669) and Net result for the year (+€7,905)
- Receivables within one year -€3,667
down €3,667 (-59.6%), from €6,149 to €2,481
of which Trade receivables: -€4,971
- Stocks and contracts +€2,127
up €2,127 (+58.3%), from €3,646 to €5,773
- Other debts -€18,888
down €18,888 (-25.5%), from €73,926 to €55,038
- Profit (loss) carried forward +€7,905
up €7,905 (+1.0%), from -€816,720 to -€808,815
- Trade debts +€1,116
up €1,116 (+3,294%), from €34 to €1,150
- Gross operating margin -€24,240
down €24,240 (-46.1%), from €52,614 to €28,374
- Taxes -€6,086
down €6,086 (-58.2%), from €10,465 to €4,379
- Financial charges +€1,103
up €1,103 (+873%), from €126 to €1,229
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 | €94,073 | €83,451 | -€10,622 | -11.3% |
| Fixed assets | 21/28 | €54,141 | €39,472 | -€14,669 | -27.1% |
| Tangible fixed assets | 22/27 | €54,141 | €39,472 | -€14,669 | -27.1% |
| Plant, machinery and equipment | 23 | €8,174 | €7,202 | -€973 | -11.9% |
| Furniture and vehicles | 24 | €45,967 | €32,271 | -€13,696 | -29.8% |
| Current assets | 29/58 | €39,932 | €43,979 | +€4,047 | +10.1% |
| Stocks and contracts in progress | 3 | €3,646 | €5,773 | +€2,127 | +58.3% |
| Stocks | 30/36 | €3,646 | €5,773 | +€2,127 | +58.3% |
| Amounts receivable within one year | 40/41 | €6,149 | €2,481 | -€3,667 | -59.6% |
| Trade receivables | 40 | €6,121 | €1,150 | -€4,971 | -81.2% |
| Other amounts receivable | 41 | €27 | €1,331 | +€1,304 | +4,767% |
| Cash at bank and in hand | 54/58 | €28,198 | €34,561 | +€6,363 | +22.6% |
| Deferred charges and accrued income | 490/1 | €1,940 | €1,165 | -€775 | -40.0% |
| Total equity and liabilities | 10/49 | €94,073 | €83,451 | -€10,622 | -11.3% |
| Equity | 10/15 | €18,567 | €26,473 | +€7,905 | +42.6% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Contributions outside capital | 11 | €247,894 | €247,894 | = | 0.0% |
| Other | 1109/19 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €587,394 | €587,394 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,834 | €1,834 | = | 0.0% |
| Distributable reserves | 133 | €583,453 | €583,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€816,720 | -€808,815 | +€7,905 | +1.0% |
| Amounts payable | 17/49 | €75,506 | €56,978 | -€18,527 | -24.5% |
| Amounts payable within one year | 42/48 | €75,506 | €56,978 | -€18,527 | -24.5% |
| Trade debts | 44 | €34 | €1,150 | +€1,116 | +3,294% |
| Suppliers | 440/4 | €34 | €1,150 | +€1,116 | +3,294% |
| Taxes, remuneration and social security | 45 | €1,546 | €790 | -€756 | -48.9% |
| Taxes | 450/3 | €1,546 | €790 | -€756 | -48.9% |
| Other amounts payable | 47/48 | €73,926 | €55,038 | -€18,888 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,832 | €14,669 | -€163 | -1.1% |
| Other operating charges | 640/8 | €868 | €513 | -€355 | -40.9% |
| Gross operating margin | 9900 | €52,614 | €28,374 | -€24,240 | -46.1% |
| Operating profit (loss) | 9901 | €36,914 | €13,191 | -€23,722 | -64.3% |
| Financial income | 75/76B | €0 | €322 | +€322 | +3,222,300% |
| Recurring financial income | 75 | €0 | €322 | +€322 | +3,222,300% |
| Financial charges | 65/66B | €126 | €1,229 | +€1,103 | +873% |
| Recurring financial charges | 65 | €126 | €1,229 | +€1,103 | +873% |
| Profit (loss) for the period before taxes | 9903 | €36,787 | €12,284 | -€24,503 | -66.6% |
| Income taxes | 67/77 | €10,465 | €4,379 | -€6,086 | -58.2% |
| Profit (loss) for the period | 9904 | €26,322 | €7,905 | -€18,417 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,322 | €7,905 | -€18,417 | -70.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.